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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 June 30, 2024

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)465-3500

(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 July 24, 2024, there were 616,167,165 shares of common stock, $5.00 par value, issued and outstanding.

THE BOEING COMPANY

FORM 10-Q

For the Quarter Ended June 30, 2024

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 - Spirit Acquisition8
Note 3 - Earnings Per Share9
Note 4 - Income Taxes10
Note 5 - Allowance for Losses on Financial Assets11
Note 6 - Inventories12
Note 7 - Contracts with Customers12
Note 8 - Financing Receivables and Operating Lease Equipment13
Note 9 - Investments15
Note 10 - Liabilities, Commitments & Contingencies15
Note 11 - Arrangements with Off-Balance Sheet Risk19
Note 12 - Debt20
Note 13 - Postretirement Plans21
Note 14 - Share-Based Compensation and Other Compensation Arrangements21
Note 15 - Shareholders' Equity23
Note 16 - Derivative Financial Instruments23
Note 17 - Fair Value Measurements25
Note 18 - Legal Proceedings28
Note 19 - Segment and Revenue Information28
Report of Independent Registered Public Accounting Firm33
Forward-Looking Statements34
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations36
Consolidated Results of Operations and Financial Condition36
Commercial Airplanes42
Defense, Space & Security45
Global Services48
Liquidity and Capital Resources49
Contingent Obligations50
Non-GAAP Measures51
Item 3.Quantitative and Qualitative Disclosures About Market Risk52
Item 4.Controls and Procedures53
Part II. Other Information
Item 1.Legal Proceedings54
Item 1A.Risk Factors54
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds55
Item 3.Defaults Upon Senior Securities55
Item 4.Mine Safety Disclosures55
Item 5.Other Information55
Item 6.Exhibits56
Signature58

Table of Contents

Part I. Financial Information

Next: Item 1. Financial Statements