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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, 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 October 16, 2024, there were 618,200,911 shares of common stock, $5.00 par value, issued and outstanding.

THE BOEING COMPANY

FORM 10-Q

For the Quarter Ended September 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 Equity6
Summary of Business Segment Data8
Note 1 - Basis of Presentation9
Note 2 - Spirit Acquisition10
Note 3 - Earnings Per Share11
Note 4 - Income Taxes12
Note 5 - Allowance for Losses on Financial Assets13
Note 6 - Inventories14
Note 7 - Contracts with Customers15
Note 8 - Financing Receivables and Operating Lease Equipment15
Note 9 - Investments17
Note 10 - Liabilities, Commitments & Contingencies17
Note 11 - Arrangements with Off-Balance Sheet Risk22
Note 12 - Debt22
Note 13 - Postretirement Plans24
Note 14 - Share-Based Compensation and Other Compensation Arrangements24
Note 15 - Shareholders' Equity26
Note 16 - Derivative Financial Instruments26
Note 17 - Fair Value Measurements28
Note 18 - Legal Proceedings31
Note 19 - Segment and Revenue Information31
Note 20 - Subsequent Events35
Report of Independent Registered Public Accounting Firm36
Forward-Looking Statements37
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations39
Consolidated Results of Operations and Financial Condition39
Commercial Airplanes46
Defense, Space & Security49
Global Services52
Liquidity and Capital Resources53
Contingent Obligations55
Non-GAAP Measures55
Item 3.Quantitative and Qualitative Disclosures About Market Risk56
Item 4.Controls and Procedures57
Part II. Other Information
Item 1.Legal Proceedings58
Item 1A.Risk Factors58
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds60
Item 3.Defaults Upon Senior Securities60
Item 4.Mine Safety Disclosures60
Item 5.Other Information60
Item 6.Exhibits61
Signature62

Part I. Financial Information

Next: Item 1. Financial Statements