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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 17.8B | 5.8% |
| Gross Profit | -3.51B | 385.4% |
| Cost of Revenue | 21.3B | 36.5% |
| Operating expense | 2.24B | 3.7% |
| Net Income | -6.17B | 328.8% |
| EBITDA | -5.76B | 1294.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 138B | 3.5% |
| Total Liabilities | 161B | 0.3% |
| Shares Outstanding | 619M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.32B | 66.5% |
| Cash from investing | 679M | 132.3% |
| Cash from financing | -300M | 103% |
EPS
Financial Highlights for Boeing in Q3 '24
Boeing reported a revenue of 17.8B, which is a 5.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -3.51B, marking a -385.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 21.3B, a 36.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.24B, showing a -3.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -6.17B, showing a -328.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -5.76B, showing a -1294.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Boeing faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
