Boeing Financial Statement Analysis Essay

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Financial Statement Analysis Project

The Boeing Company

November 11, 2004

Table of Contents

I. Firm, Industry, and Environment 4
A. Description of firm and environment 4
B. Discussion of competitive environment 6
C. Economic climate and outlook 8
D. Other relevant factors, e.g. governmental regulations, labor relations, litigation, etc. 8
II. Evaluation of Balance Sheet 10
A. Description of asset structure 11
a. Current Assets 11
b. Customer and commercial financing 12
c. Property, plant and equipment, net 12
d. Goodwill and Other acquired intangibles, net 13
e. Prepaid pension expense 13
f. Deferred income tax 13
g. Other assets 14
B. Description of liabilities 14
a. Current Liabilities 14
b. Accrued retiree
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The same year it unveiled its 777-300 jetliner, the world's longest and largest twin-engine aircraft of its kind. The company employed 198,900 people worldwide in 2001.

The Boeing Company is the 800-pound gorilla of US aerospace. The world's largest aerospace company, Boeing is neck-and-neck with Airbus as the #1 maker of large commercial jets, and is the #3 defense contractor behind Lockheed Martin and Northrop Grumman. It has two major segments: Commercial Airplanes and Integrated Defense Systems. Boeing's commercial aircraft include the 7E7 Dreamliner (due in 2008), 767, 747, and the 737; military aircraft include the F/A-18 Hornet, the F-15 Eagle, the C-17 Globemaster III transport, and the AH-64D Apache helicopter. Boeing's space operations include communications satellites, Delta rockets, missiles, the International Space Station, and the Space Shuttle (with Lockheed).

The company was founded in Seattle by William E. Boeing on July 15, 1916, together with George Conrad Westervelt, a U.S. Navy engineer, and was named "B&W" after their initials. Soon the name was changed to "Pacific Aero Products" and, in 1917, the company became the "Boeing Airplane Company." William E. Boeing had studied at Yale University and worked initially in the timber industry, where he became a rich man. There he also acquired knowledge about wooden structures which was later revealed to be of value for the design and assembly of
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