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2001 Highlights
  
    
Solid performance, sustained profitability and balanced growth
Achieved operating margins of 6.7 percent — up 12 percent from 6.0 percent in 2000, resulting in improved net earnings of more than $2.8 billion ($3.41 per share — up 40 percent) and increased revenues of $58.2 billion (up 13 percent)
Produced strong free cash flow of more than $2.7 billion
Delivered 527 commercial jetliners despite disruptions from the February 28 Seattle earthquake and September 11 terrorist attacks; also continued progress on product development, including the Sonic Cruiser and 777-300ER
Launched 767 tanker program with orders from Italy and Japan and received congressional authorization to negotiate the lease of 100 USAF tankers
Won C-130 Avionics Modernization Program with potential value of $4 billion
Successfully completed two intercept tests in support of the Ground-based Midcourse Defense program (formerly National Missile Defense); certified the Delta IV launch vehicle and RS-68 engine for first flight; and completed preliminary design of the Future Imagery Architecture program on schedule and within cost while meeting critical performance criteria
Received Federal Communications Commission licenses for both Connexion by BoeingSM and Air Traffic Management to enable further technical development and prospective customer application of their capabilities
 
(Dollars in millions except per share data)
2001
2000
1999
1998
1997

Revenues

58,198

51,321
57,993
56,154
45,800

Net earnings*

2,827

2,128
2,309
1,120
(178)

Earnings per share*

3.41

2.44
2.49
1.15
(0.18)

Operating margin rate

6.7%

6.0%
5.5%
2.8%
-0.6%

Free cash flow

2,746

4,910
4,809
300
560
   *Losses indicated by parentheses
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