Complete a Vertical Analysis of The Boeing Companys Consolidated Statements of Financial Position and Consolidated Statements of Operations for both 2018 and 2019. Provide an analysis of what your vertical analysis reveals about Amazon.Com Inc.s financial position and profitability.

EXAMPLE

The financial statements for the years 2018 and 2019

APPLE INC. Common-Size Comparative Year-End Balance Sheets Common-Size Percents* Current YT Prior YT Current Yr Prior Y 6.4% 5.4% 14.4 4.8 14.5 4.9 1.3 0.7 4.7 4.2 3.7 2.6 $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $375,319 $ 20,484 46,671 15,754 2,132 13,545 8,283 106,869 170,430 27,010 5,414 3,206 8,757 $321,686 34.3 51.9 33.2 53.0 8.4 1.7 9.0 1.5 0.6 2.7 100.0% 1.0 2.7 100.0% $ millions Assets Cash and cash equivalents ... Short-term marketable securities Accounts receivable, net.... Inventories ... Vendor non-trade receivables. Other current assets... Total current assets. Long-term marketable securities Property, plant and equipment, net Goodwill ...... Acquired intangible assets, net. Other non-current assets. Total assets. Llabilities Accounts payable. Accrued expenses Deferred revenue. Commercial paper. Current portion of long-term debt. Total current liabilities... Deferred revenue-noncurrent. Long-term debt... Other non-current liabilties Total Liabilities Stockholders' Equity Common stock Retained earnings Accumulated other comprehensive income Total stockholders' equity .... Total liabilities and stockholders' equity. 11.6% 6.8 2.5 2.5 1.1 $ 49,049 25,744 7,548 11,977 6,496 100,814 2,836 97,207 40,415 241,272 $ 37.294 22,027 8,080 8,105 3,500 79,006 2,930 75,427 36,074 193,437 13.1% 6.9 2.0 3.2 1.7 26.9 0.8 25.9 10.8 64.3 24.6 0.9 23.4 11.2 60.1 9.7 35,867 98,330 (150) 134,047 $375,319 31,251 96,364 634 128,249 $321,686 9.6 26.2 0.0 35.7 30.0 0.2 39.9 100.0% 100.0% *Percents are rounded to tenths and thus may not exactly sum to totals and subtotals. APPLE INC. Common-Size Comparative Income Statements Common-Size Percents Current Y Prior YT $ millions Current Y 100.0% 61.5 38.5 5.1 100.0% 60.9 39.1 4.7 6.6 Prior Y $215,639 131,376 84,263 10,045 14,194 24,239 60,024 1,348 61,372 15,685 $ 45,687 Net sales ... Cost of sales Gross margin... Research and development. Selling, general and administrative. Total operating expenses.. Operating income... Other income, net... Income before provision for income taxes Provision for income taxes... Net income 6.7 $229,234 141,048 88,186 11,581 15,261 26,842 61,344 2,745 64,089 15,738 $ 48,351 11.2 11.7 26.8 27.8 1.2 0.6 28.0 6.9 28.5 7.3 21.1% 21.2% *Percents are rounded to tenths and thus may not exactly sum to totals and subtotals. The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in milions, except per share data) Years ended December 31, Sales of products Sales of services Total revenues 2019 $ 66,094 10,465 76,559 2018 $90.229 10,898 101,127 2017 $83,740 10,265 94,005 Cost of products (62,877) Cost of services (9,154) Boeing Capital interest expense (62) Total costs and expenses (72,093) 4,466 (Loss Wincome from operating investments, net (4) General and administrative expense (3,909) Research and development expense, net (3,219) Gain on dispositions, net 691 (Loss)learnings from operations (1,975) Other income, net 438 Interest and debt expense (722) (Loss)earnings before income taxes (2,259) Income tax benefit/(expense) 1,623 Net (loss) earnings ($636) Basic (loss)/eamings per share ($1.12) Diluted (loss)earnings per share ($1.12) See Notes to the Consolidated Financial Statements on pages 56 - 117. (72,922) (68,879) (8,499) (7.663) (69) (70) (81,490) (76,612) 19,637 17,393 111 204 (4,567) (4,095) (3,269) (3,179) 75 21 11,987 10,344 92 123 (475) (360) 11,604 10.107 (1,144) (1,649) $10,460 $8,458 $18.05 $14.03 $17.85 $13.85 51 The Boeing Company and Subsidiaries Consolidated Statements of Comprehensive Income 2018 $10,460 2017 $8,458 (86) 128 1 2 1 (146) 119 30 (116) 52 171 384 (495) (Dollars in millions) Years ended December 31, 2019 Net (loss)/earnings ($636) Other comprehensive income (loss), net of tax: Currency translation adjustments (27) Unrealized gain on certain investments, net of tax of $0, (51) and ($1) Derivative instruments: Unrealized (loss)gain arising during period, net of tax of $13, $40, and ($66) (48) Reclassification adjustment for loss included in net earnings, net of tax of ($7), ($8), and ($28) 26 Total derivative instruments, net of tax (22) Defined benefit pension plans & other postretirement benefits: Net actuarial (lossgain arising during the period, net of tax of $405, ($105), and $248 (1,413) Amortization of actuarial losses included in net periodic pension cost, net of tax of ($133), ($242), and (5272) 464 Settlements and curtailments included in net income, net of tax of $0, (52), and $0 Pension and postretirement benefit (cost) related to our equity method investments, net of tax ($5), (56), and $5 Amortization of prior service credits included in net periodic pension cost, net of tax of $25, $39, and $59 (89) Prior service (credit)/cost arising during the period, net of tax of $0,($94), and (S14) (1) Total defined benefit pension plans & other postretirement benefits, net of tax (1,022) Other comprehensive (loss Vincome, net of tax (1,070) Comprehensive loss related to noncontrolling interests Comprehensive (lossyincome, net of tax ($1,747) See Notes to the Consolidated Financial Statements on pages 56 - 117. 878 542 00 17 22 (11) (143) (117) 341 28 1,490 1,290 (21) $11,729 (53) 247 (2) $8,703 52 2019 2018 $9,485 545 3,266 9,043 162 76,622 3,106 102,229 2,136 12,502 8,060 3,338 683 1,092 3,585 $133,625 $7,637 927 3,879 10.025 460 62,567 2,335 87,830 2,418 12,645 7,840 3,429 284 1,087 1,826 $117,359 The Boeing Company and Subsidiaries Consolidated Statements of Financial Position (Dollars in millions, except per share data) December 31, Assets Cash and cash equivalents Short-term and other investments Accounts receivable, net Unbilled receivables, net Current portion of customer financing, net Inventories Other current assets Total current assets Customer financing, net Property, plant and equipment, net Goodwill Acquired intangible assets, net Deferred income taxes Investments Other assets, net of accumulated amortization of $580 and $503 Total assets Liabilities and equity Accounts payable Accrued liabilities Advances and progress billings Short-term debt and current portion of long-term debt Total current liabilities Deferred income taxes Accrued retiree health care Accrued pension plan liability, net Other long-term liabilities Long-term debt Shareholders' equity: Common stock, par value $5.00 - 1,200,000,000 shares authorized 1,012.261,159 shares issued Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity See Notes to the Consolidated Financial Statements on pages 56 - 117. $15,553 22,868 51,551 7,340 97,312 413 4,540 16,276 3,422 19,962 $12,916 14,808 50,676 3,190 81,590 1,736 4,584 15,323 3,059 10,657 5,061 6,745 (54,914) 50,644 (16,153) (8,617) 317 (8,300) $133,625 5,061 6,768 (52,348) 55,941 (15,083) 339 71 410 $117,359 53 2019 2018 2017 ($636) $10.460 $8,458 212 2,271 443 250 (691) 334 202 2.114 93 (3) (75) 247 202 2,047 113 2 (21) 293 (795) (1.826) 2,636 568 98 2 1.117 (180) 87 (153) 603 982 737 (12,391) (682) 1,600 7,781 (2,476) (621) (777) 419 196 (2,446) The Boeing Company and Subsidiaries Consolidated Statements of Cash Flows (Dollars in millions) Years ended December 31, Cash flows operating activities: Net (loss)learnings Adjustments to reconcile net earnings to net cash provided by operating activities: Non-cash items - Share-based plans expense Depreciation and amortization Investment asset impairment charges, net Customer financing valuation adjustments Gain on dispositions, net Other charges and credits, net Changes in assets and liabilities - Accounts receivable Unbilled receivables Advances and progress billings Inventories Other current assets Accounts payable Accrued liabilities Income taxes receivable, payable and deferred Other long-term liabilities Pension and other postretirement plans Customer financing, net Other Net cash (usedWprovided by operating activities Cash flows - Investing activities: Property, plant and equipment additions Property, plant and equipment reductions Acquisitions, net of cash acquired Proceeds from dispositions Contributions to investments Proceeds from investments Purchase of distribution rights Other Net cash used by investing activities Cash flows - financing activities: New borrowings Debt repayments Contributions from noncontrolling interests Stock options exercised Employee taxes on certain share-based payment arrangements Common shares repurchased Dividends paid Other Net cash provided (used) by financing activities Effect of exchange rate changes on cash and cash equivalents Net increasel (decrease) in cash & cash equivalents, including restricted Cash & cash equivalents, including restricted, at beginning of year Cash & cash equivalents, including restricted, at end of year Less restricted cash & cash equivalents, included in Investments Cash and cash equivalents at end of year See Notes to the Consolidated Financial Statements on pages 56 - 117. (840) (1.600) 4,700 (1,403) (19) 130 335 656 94 (582) 1.041 (260) 13,346 120 610 15,322 (1,722) 120 (3.230) (1,739) 92 (324) (1,834) 334 (455) 464 (1,658) 1,759 (127) (13) (1,530) (2,607) 2,898 (69) (11) (4,621) (3,569) 3,607 (131) 6 (2,058 2,077 (953) 8,548 (7,183) 35 81 (257) (9,000) (3.946) 311 (132) (9,236) (3,417) 25,389 (12,171) 7 58 (248) (2,651) (4,630) (15) 5,739 (5) 1,758 7,813 9,571 86 $9,485 (11,722) (53) (1,074) 8,887 7,813 176 $7637 (11,350) 80 18 8,869 8.887 74 $8,813 54 APPLE INC. Common-Size Comparative Year-End Balance Sheets Common-Size Percents* Current YT Prior YT Current Yr Prior Y 6.4% 5.4% 14.4 4.8 14.5 4.9 1.3 0.7 4.7 4.2 3.7 2.6 $ 20,289 53,892 17,874 4,855 17,799 13,936 128,645 194,714 33,783 5,717 2,298 10,162 $375,319 $ 20,484 46,671 15,754 2,132 13,545 8,283 106,869 170,430 27,010 5,414 3,206 8,757 $321,686 34.3 51.9 33.2 53.0 8.4 1.7 9.0 1.5 0.6 2.7 100.0% 1.0 2.7 100.0% $ millions Assets Cash and cash equivalents ... Short-term marketable securities Accounts receivable, net.... Inventories ... Vendor non-trade receivables. Other current assets... Total current assets. Long-term marketable securities Property, plant and equipment, net Goodwill ...... Acquired intangible assets, net. Other non-current assets. Total assets. Llabilities Accounts payable. Accrued expenses Deferred revenue. Commercial paper. Current portion of long-term debt. Total current liabilities... Deferred revenue-noncurrent. Long-term debt... Other non-current liabilties Total Liabilities Stockholders' Equity Common stock Retained earnings Accumulated other comprehensive income Total stockholders' equity .... Total liabilities and stockholders' equity. 11.6% 6.8 2.5 2.5 1.1 $ 49,049 25,744 7,548 11,977 6,496 100,814 2,836 97,207 40,415 241,272 $ 37.294 22,027 8,080 8,105 3,500 79,006 2,930 75,427 36,074 193,437 13.1% 6.9 2.0 3.2 1.7 26.9 0.8 25.9 10.8 64.3 24.6 0.9 23.4 11.2 60.1 9.7 35,867 98,330 (150) 134,047 $375,319 31,251 96,364 634 128,249 $321,686 9.6 26.2 0.0 35.7 30.0 0.2 39.9 100.0% 100.0% *Percents are rounded to tenths and thus may not exactly sum to totals and subtotals. APPLE INC. Common-Size Comparative Income Statements Common-Size Percents Current Y Prior YT $ millions Current Y 100.0% 61.5 38.5 5.1 100.0% 60.9 39.1 4.7 6.6 Prior Y $215,639 131,376 84,263 10,045 14,194 24,239 60,024 1,348 61,372 15,685 $ 45,687 Net sales ... Cost of sales Gross margin... Research and development. Selling, general and administrative. Total operating expenses.. Operating income... Other income, net... Income before provision for income taxes Provision for income taxes... Net income 6.7 $229,234 141,048 88,186 11,581 15,261 26,842 61,344 2,745 64,089 15,738 $ 48,351 11.2 11.7 26.8 27.8 1.2 0.6 28.0 6.9 28.5 7.3 21.1% 21.2% *Percents are rounded to tenths and thus may not exactly sum to totals and subtotals. The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in milions, except per share data) Years ended December 31, Sales of products Sales of services Total revenues 2019 $ 66,094 10,465 76,559 2018 $90.229 10,898 101,127 2017 $83,740 10,265 94,005 Cost of products (62,877) Cost of services (9,154) Boeing Capital interest expense (62) Total costs and expenses (72,093) 4,466 (Loss Wincome from operating investments, net (4) General and administrative expense (3,909) Research and development expense, net (3,219) Gain on dispositions, net 691 (Loss)learnings from operations (1,975) Other income, net 438 Interest and debt expense (722) (Loss)earnings before income taxes (2,259) Income tax benefit/(expense) 1,623 Net (loss) earnings ($636) Basic (loss)/eamings per share ($1.12) Diluted (loss)earnings per share ($1.12) See Notes to the Consolidated Financial Statements on pages 56 - 117. (72,922) (68,879) (8,499) (7.663) (69) (70) (81,490) (76,612) 19,637 17,393 111 204 (4,567) (4,095) (3,269) (3,179) 75 21 11,987 10,344 92 123 (475) (360) 11,604 10.107 (1,144) (1,649) $10,460 $8,458 $18.05 $14.03 $17.85 $13.85 51 The Boeing Company and Subsidiaries Consolidated Statements of Comprehensive Income 2018 $10,460 2017 $8,458 (86) 128 1 2 1 (146) 119 30 (116) 52 171 384 (495) (Dollars in millions) Years ended December 31, 2019 Net (loss)/earnings ($636) Other comprehensive income (loss), net of tax: Currency translation adjustments (27) Unrealized gain on certain investments, net of tax of $0, (51) and ($1) Derivative instruments: Unrealized (loss)gain arising during period, net of tax of $13, $40, and ($66) (48) Reclassification adjustment for loss included in net earnings, net of tax of ($7), ($8), and ($28) 26 Total derivative instruments, net of tax (22) Defined benefit pension plans & other postretirement benefits: Net actuarial (lossgain arising during the period, net of tax of $405, ($105), and $248 (1,413) Amortization of actuarial losses included in net periodic pension cost, net of tax of ($133), ($242), and (5272) 464 Settlements and curtailments included in net income, net of tax of $0, (52), and $0 Pension and postretirement benefit (cost) related to our equity method investments, net of tax ($5), (56), and $5 Amortization of prior service credits included in net periodic pension cost, net of tax of $25, $39, and $59 (89) Prior service (credit)/cost arising during the period, net of tax of $0,($94), and (S14) (1) Total defined benefit pension plans & other postretirement benefits, net of tax (1,022) Other comprehensive (loss Vincome, net of tax (1,070) Comprehensive loss related to noncontrolling interests Comprehensive (lossyincome, net of tax ($1,747) See Notes to the Consolidated Financial Statements on pages 56 - 117. 878 542 00 17 22 (11) (143) (117) 341 28 1,490 1,290 (21) $11,729 (53) 247 (2) $8,703 52 2019 2018 $9,485 545 3,266 9,043 162 76,622 3,106 102,229 2,136 12,502 8,060 3,338 683 1,092 3,585 $133,625 $7,637 927 3,879 10.025 460 62,567 2,335 87,830 2,418 12,645 7,840 3,429 284 1,087 1,826 $117,359 The Boeing Company and Subsidiaries Consolidated Statements of Financial Position (Dollars in millions, except per share data) December 31, Assets Cash and cash equivalents Short-term and other investments Accounts receivable, net Unbilled receivables, net Current portion of customer financing, net Inventories Other current assets Total current assets Customer financing, net Property, plant and equipment, net Goodwill Acquired intangible assets, net Deferred income taxes Investments Other assets, net of accumulated amortization of $580 and $503 Total assets Liabilities and equity Accounts payable Accrued liabilities Advances and progress billings Short-term debt and current portion of long-term debt Total current liabilities Deferred income taxes Accrued retiree health care Accrued pension plan liability, net Other long-term liabilities Long-term debt Shareholders' equity: Common stock, par value $5.00 - 1,200,000,000 shares authorized 1,012.261,159 shares issued Additional paid-in capital Treasury stock, at cost Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity Total liabilities and equity See Notes to the Consolidated Financial Statements on pages 56 - 117. $15,553 22,868 51,551 7,340 97,312 413 4,540 16,276 3,422 19,962 $12,916 14,808 50,676 3,190 81,590 1,736 4,584 15,323 3,059 10,657 5,061 6,745 (54,914) 50,644 (16,153) (8,617) 317 (8,300) $133,625 5,061 6,768 (52,348) 55,941 (15,083) 339 71 410 $117,359 53 2019 2018 2017 ($636) $10.460 $8,458 212 2,271 443 250 (691) 334 202 2.114 93 (3) (75) 247 202 2,047 113 2 (21) 293 (795) (1.826) 2,636 568 98 2 1.117 (180) 87 (153) 603 982 737 (12,391) (682) 1,600 7,781 (2,476) (621) (777) 419 196 (2,446) The Boeing Company and Subsidiaries Consolidated Statements of Cash Flows (Dollars in millions) Years ended December 31, Cash flows operating activities: Net (loss)learnings Adjustments to reconcile net earnings to net cash provided by operating activities: Non-cash items - Share-based plans expense Depreciation and amortization Investment asset impairment charges, net Customer financing valuation adjustments Gain on dispositions, net Other charges and credits, net Changes in assets and liabilities - Accounts receivable Unbilled receivables Advances and progress billings Inventories Other current assets Accounts payable Accrued liabilities Income taxes receivable, payable and deferred Other long-term liabilities Pension and other postretirement plans Customer financing, net Other Net cash (usedWprovided by operating activities Cash flows - Investing activities: Property, plant and equipment additions Property, plant and equipment reductions Acquisitions, net of cash acquired Proceeds from dispositions Contributions to investments Proceeds from investments Purchase of distribution rights Other Net cash used by investing activities Cash flows - financing activities: New borrowings Debt repayments Contributions from noncontrolling interests Stock options exercised Employee taxes on certain share-based payment arrangements Common shares repurchased Dividends paid Other Net cash provided (used) by financing activities Effect of exchange rate changes on cash and cash equivalents Net increasel (decrease) in cash & cash equivalents, including restricted Cash & cash equivalents, including restricted, at beginning of year Cash & cash equivalents, including restricted, at end of year Less restricted cash & cash equivalents, included in Investments Cash and cash equivalents at end of year See Notes to the Consolidated Financial Statements on pages 56 - 117. (840) (1.600) 4,700 (1,403) (19) 130 335 656 94 (582) 1.041 (260) 13,346 120 610 15,322 (1,722) 120 (3.230) (1,739) 92 (324) (1,834) 334 (455) 464 (1,658) 1,759 (127) (13) (1,530) (2,607) 2,898 (69) (11) (4,621) (3,569) 3,607 (131) 6 (2,058 2,077 (953) 8,548 (7,183) 35 81 (257) (9,000) (3.946) 311 (132) (9,236) (3,417) 25,389 (12,171) 7 58 (248) (2,651) (4,630) (15) 5,739 (5) 1,758 7,813 9,571 86 $9,485 (11,722) (53) (1,074) 8,887 7,813 176 $7637 (11,350) 80 18 8,869 8.887 74 $8,813 54