Boeing Releases Fourth Quarter and Full-Year 2023 Results

Fourth Quarter 2023

Boeing reports that during this period, they delivered 157 commercial airplanes and recorded 611 net orders. 

The production rate for the 787 was at five per month, and the 737 production rate was at 38 per month. 

The company generated $3.4 billion of operating cash flow and $3.0 billion of free cash flow (non-GAAP).

Full-Year Performance

For the full year of 2023, Boeing delivered 528 commercial airplanes and recorded 1,576 net orders. 

The total company backlog grew to $520 billion, including over 5,600 commercial airplanes. 

Boeing reports that they generated $6.0 billion of operating cash flow and $4.4 billion of free cash flow (non-GAAP).

A Word from the CEO

“While we share our financial results today, our full focus is on taking comprehensive actions to strengthen quality at Boeing, including listening to input from our 737 employees that do this work every day,” said Dave Calhoun, Boeing President and CEO. “As we move forward, we will support our customers, work transparently with our regulator, and ensure we complete all actions to earn the confidence of our stakeholders.”