The Boeing Company on Tuesday reported a net loss of 3.9 billion dollars for the last quarter of 2024 and about 11.8 billion dollars for the full year.
The company recorded a revenue of 15.2 billion U.S. dollars for the fourth quarter, a 31 percent-drop compared with the same period of 2023.
The company's full-year 2024 revenue was 66.5 billion dollars, a 14-percent decrease year over year, and its generally accepted accounting principles (GAAP) loss per share was 5.5 dollars for the quarter, and 18.4 dollars for the full year.
The company generated a negative 3.5 billion dollars of operating cash flow in the fourth quarter, and a negative 12.1 billion dollars of operating cash flow for the full year of 2024.
The company's debt was 53.9 billion dollars, down from 57.7 billion dollars at the beginning of the quarter, driven by the early repayment of a 3.5 billion-dollar bond originally maturing in 2025.
The company maintains access to credit facilities of 10.0 billion dollars, which remain undrawn.
Total company backlog at quarter end was 521 billion dollars.
During the fourth quarter, the company delivered 57 commercial aircraft, a 64-percent decrease year on year, and secured net orders for 204 aircraft in the quarter.
For the full year, Boeing delivered 348 commercial airplanes, a decrease of 34-percent compared with the year 2023.
Boeing reports 11.8 bln U.S. dollars of net loss in 2024
Boeing reports 11.8 bln U.S. dollars of net loss in 2024
