Boeing Reports First-Quarter Results

• Financial results significantly impacted by COVID-19 and the 737 MAX grounding
• Revenue of $16.9 billion, GAAP loss per share of ($1.11) and core (non-GAAP)* loss per share of ($1.70)
• Operating cash flow of ($4.3) billion; cash and marketable securities of $15.5 billion
• Total backlog of $439 billion, including over 5,000 commercial airplanes

Table 1. Summary Financial Results	First Quarter
(Dollars in Millions, except per share data)	2020		2019		Change
Revenues	$16,908		$22,917		(26)%
GAAP
(Loss)/Earnings From Operations	($1,353)		$2,350		NM
Operating Margin	(8.0)%		10.3%		NM
Net (Loss)/Earnings	(641)		$2,149		NM
(Loss)/Earnings Per Share	($1.11)		$3.75		NM
Operating Cash Flow	($4,302)		$2,788		NM
Non-GAAP*
Core Operating (Loss)/Earnings	($1,700)		$1,986		NM
Core Operating Margin	(10.1)%		8.7%		NM
Core (Loss)/Earnings Per Share	($1.70)		$3.16		NM

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