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Cover and table of contents

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Cover and table of contents

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-442

THE BOEING COMPANY

(Exact name of registrant as specified in its charter)

Delaware91-0425694
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
929 Long Bridge DriveArlington,VA22202
(Address of principal executive offices)(Zip Code)
(703)414-6338

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $5.00 Par ValueBANew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

As of October 18, 2023, there were 604,976,797 shares of common stock, $5.00 par value, issued and outstanding.

THE BOEING COMPANY

FORM 10-Q

For the Quarter Ended September 30, 2023

INDEX

Part I. Financial Information (Unaudited)Page
Item 1.Financial Statements1
Condensed Consolidated Statements of Operations1
Condensed Consolidated Statements of Comprehensive Income2
Condensed Consolidated Statements of Financial Position3
Condensed Consolidated Statements of Cash Flows4
Condensed Consolidated Statements of Equity5
Summary of Business Segment Data7
Note 1 - Basis of Presentation8
Note 2 - Earnings Per Share8
Note 3 - Income Taxes9
Note 4 - Allowance for Losses on Financial Assets10
Note 5 - Inventories10
Note 6 - Contracts with Customers11
Note 7 - Customer Financing12
Note 8 - Investments13
Note 9 - Liabilities, Commitments & Contingencies13
Note 10 - Arrangements with Off-Balance Sheet Risk17
Note 11 - Debt18
Note 12 - Postretirement Plans18
Note 13 - Share-Based Compensation and Other Comprehensive Arrangements19
Note 14 - Shareholders' Equity20
Note 15 - Derivative Financial Instruments21
Note 16 - Fair Value Measurements23
Note 17 - Legal Proceedings25
Note 18 - Segment and Revenue Information25
Report of Independent Registered Public Accounting Firm29
Forward-Looking Statements30
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32
Consolidated Results of Operations and Financial Condition32
Commercial Airplanes37
Defense, Space & Security42
Global Services45
Liquidity and Capital Resources46
Contingent Obligations47
Non-GAAP Measures47
Item 3.Quantitative and Qualitative Disclosures About Market Risk49
Item 4.Controls and Procedures50
Part II. Other Information
Item 1.Legal Proceedings51
Item 1A.Risk Factors51
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds51
Item 3.Defaults Upon Senior Securities51
Item 4.Mine Safety Disclosures51
Item 5.Other Information51
Item 6.Exhibits52
Signature53

Part I. Financial Information

Next: Item 1. Financial Statements