Annual Report Boeing

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Annual ReportBoeing

• By Jose Flores

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Executive Summary

• The Boeing Company is the world's largest
  aerospace company. The leader in commercial
  aircraft, military aircraft and missiles, and
  space markets, Boeing employs close to 167,000
  people and serves customers in 145 nations. The
  company has headquarters in Chicago, Ill., and is
  the largest exporter in the United States, with
  revenues of more than 58 billion in 2001.
• http//www.boeing.com/companyoffices/financial/fin
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Part A. Introduction

• Name of chief executive officer Philip Condit
  Boeing Chairman and CEO
• Location of home office 100 North Riverside
  Plaza Chicago, IL 60606-1599 USA.
• Phone [phone]
• Ending date of latest fiscal year December 31
• Description of principal products or services
  that the company provides Operates as an
  aerospace firm in six principal segments
  Commercial Airplanes Aircraft and Weapon
  Systems, Network Systems, Support Systems and
  Launch and Orbital Systems, collectively
  Integrated Defense Systems and Boeing Capital
  Corporation.       
• Main geographic area of activity United States,
  Asia other than china, Oceania, China, Europe,
  Africa, Canada, Latin America, Caribbean and
  other.

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Part A. Audit Report

• Name of the companys independent auditors
  Deloitte Touche LLP
• What did the auditors say about the company?
  After reviewing the faineances the auditor
  concluded with no objections. They compare their
  report with other auditors reports on Boeing and
  concluded that the financial statements are free
  of material misstatement.

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Part A. Stock Market Information
Last Prev. Close Day Range EPS Div Shares Outstanding Shares Outstanding
67.30 67.93 66.65 - 67.71 2.14 1.00 839,434,000 839,434,000
Change Change 52 Week Range Volume P/E Yield Market Cap
- 0.63 0.93 48.10 - 68.48 3,562,700 30.00 1.61 41,703,088,000
DJIA 10,292.31, 5.21 SP 1,195.90, 4.41 NASDAQ 2,090.35, 6.27
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Part A. Stock Market Information

Chart Options 3 month 6 month 1 year 3 year 5 year
The split-adjusted activity for one share of BA
stock bought on October 07, 2005 is
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Part A. Stock Market Information

• The split-adjusted activity for one share of BA
  stock bought on October 07, 2005 is
• High 67.71
• Low 66.65
• Open 67.71
• Close 67.30
• Volume 3,607,600
• Base on the market information and the
  introduction of a new airplane, I believe that it
  will be a good idea to buy this company stock.

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Part B. Industry Situation and Company Plans

• The Boeing Company operates in the aerospace
  industry worldwide. This company is divided in
  different segments some of these are Commercial
  Airplanes, Integrated Defense Systems (IDS),
  Boeing Capital Corporation (BCC), and Other.
  Because being such a big industry in its field
  the Boeing Company is growing dramatically as
  years go. Several new improvements have been made
  in the industry, one of the resent ones are the
  launch of the new airbus 350 and 787 Dreamliner.
  The 787 is a family of three super-efficient
  airplanes that will provide passengers with a
  better flying experience, including an improved
  cabin environment with more room and more
  conveniences. So, by making the passengers fell
  more comfortable this will make the Boeing
  Company able to sell more plains and grow more in
  their field.
• http//www.boeing.com/news/releases/
• http//www.boeing.com/news/flash.html

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Part C. Income Statement
PERIOD ENDING 31-Dec-04 31-Dec-03 31-Dec-02
Total Revenue 52,457,000   50,485,000   54,069,000  
Gross Profit 7,782,000   6,623,000   8,570,000  
Operating Income or Loss 2,266,000   891,000   3,868,000  
Net Income 1,872,000   718,000   492,000  
As years pass from 2002 the net income for Boeing
Company increased dramatically, as expected for
new technology in the market of airplanes. In
respect to their operations through the last
three years there have been some ups and downs in
the company.
All numbers in thousands Multistep
Format http//finance.yahoo.com/q/is?sBAannual
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Part C Balance Sheet
PERIOD ENDING 31-Dec-04 31-Dec-03 31-Dec-02
Total Assets 53,963,000   53,035,000   52,342,000  
Total Liabilities 42,677,000   44,896,000   44,646,000  
Total Stockholder Equity 11,286,000   8,139,000   7,696,000  
Net Tangible Assets 8,383,000   5,191,000   3,808,000  
http//finance.yahoo.com/q/bs?sBAannual Since
2002 assets have increase dramatically in this
company. As consequently its liabilities have
decrease during the last three years. In the
liabilities area were I saw a bigger change
during the years was in the Long Term Debt were
its decrease was dramatically. And last in its
owners equity it increase by doubling its
Retained Earnings from 2003 to 2004.
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Part C. Statement of Cash Flow
PERIOD ENDING 31-Dec-04 31-Dec-03 31-Dec-02
Net Income 1,872,000   718,000   492,000  
Total Cash Flow From Operating Activities 3,458,000   3,881,000   4,375,000  
Total Cash Flows From Investing Activities (1,369,000) (1,060,000) (3,421,000)
Total Cash Flows From Financing Activities (3,518,000) (521,000) 746,000  
Change In Cash and Cash Equivalents (1,429,000) 2,300,000   1,700,000  
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Part D. Accounting Policies

• With respect to result of operations, related
  charges have average less than 1 of historical
  annual revenue. The Boeing Company believes it is
  not reasonable likely that identifying
  environmental contingencies will result in
  additional cost that will have a material adverse
  on their financial position or to their operation
  results and cash flow trends.
• Summary of significant accounting policies,
  Standards issued not yet implemented, 717
  program completion, goodwill acquired
  intangibles, Earning per share, income tax,
  accounts receivable, inventories, discontinued
  operations commercial financial services,
  customer financing, property, plant, equipment,
  investments, differed lease income, debt,
  postretirement plans, share-base compensation,
  shareholders equity, derivative financial
  instruments, arrangements with off-balance sheet
  risk, significant group concentrations of risk,
  disclosures about fair value of financial
  instruments, contingencies, segment information,
  Boeing capital corporation (BCC), statement of
  cash flow and subsequent events (Unaudited).

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Part E. Financial Analysis Liquidity Ratios
2004 2003
Working Capital 11286000 8139000
Current Ratio 1.26 1.18
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Part E. Financial Analysis Profitability Ratios
2004 2003
Profit margin .52 .22
Asset turnover .066 .061
Return on assets .034 .014
Return on equity .17 .14
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Part E. Financial Analysis Solvency Ratio
2004 2003
Debt to Equity .378 .552
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Part E. Financial Analysis Market Strength Ratios
2005
Price earning per share 67.987
Forward annual dividend yield 1.50
Trailing annual dividend yield 1.41