The Boeing Company posted first-quarter revenue of $17.9 billion, a GAAP loss per share of ($0.69) and a basic loss per share (non-GAAP)* of ($1.27) (Table 1). Boeing reported operating cash flow of ($0.3) billion and free cash flow of ($0.8) billion (non-GAAP). Improved results in trade volume and performance.
“We delivered a strong first quarter and are focused on driving stability for our customers,” said Dave Calhoun, Boeing President and Chief Executive Officer. “We are making progress through the recent supply chain disruptions, but we remain confident in the goals we have set for this year, as well as for the longer term. Demand is strong in our key markets and we are increasing investments to advance our development programs and innovate strategic capabilities for our customers and our future."
Operating cash flow was ($.03) billion in the quarter, reflecting higher commercial deliveries and favorable receipt timing.
Cash and investments in marketable securities totaled $14.8 billion, compared with $17.2 billion at the beginning of the quarter (Exhibit 3). Debt was $55.4 billion, down from $57.0 billion at the beginning of the quarter due to repayment of debt maturities. The company has access to credit lines of $12.0 billion, which remain unused.
The company's total order book at the end of the quarter was $411 billion.