TASKS: STEP #1: Print out the "Consolidated Statements of Financial Position", the "Consolidated Statements of Operations and the "Consolidated Statements of Cash Flows" of The Boeing Company for the years of 2018 and 2019. The annual reports that contain these financial statements can be found at this website. The financial statements for the years 2018 and 2019 can be found on pgs. 51-54 of the 2019 annual report. STEP #2: (15 pts.) Complete a "Horizontal Analysis" of The Boeing Company's. Consolidated Statements of Financial Position and Consolidated Statements of Operations. Use 2019 as the Analysis Period" and 2018 as the "Base Period". Use Word or Excel to complete this horizontal analysis. Provide an analysis of what your horizontal analysis reveals about The Boeing Company's financial position and profitability. I EXAMPLE (See pg 500 of your textbook) Clotal C Refer Gapple Conne M MHES + s2.q4cdn.com/661678649/files/doc_financials/2019/ar/2019_Boeing Annual Report.pdf ps Welcome to the s The Boeing Company and Subsidiaries Consolidated Statements of Operations (Dollars in millions, 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 (62,877) (9,154) (62) (72,093) 4,466 Cost of products Cost of services Boeing Capital interest expense Total costs and expenses (Loss) income from operating investments, net General and administrative expense Research and development expense, net Gain on dispositions, net (Loss)/earnings from operations Other income, net Interest and debt expense (Loss)/earnings before income taxes Income tax benefit (expense) Net (loss)learnings Basic (loss)/earnings per share (3,909) (3,219) 691 (1,975) 438 (722) (2,259) 1,623 ($636) (72,922) (8,499) (69) (81.490) 19,637 111 (4,567) (3,269) 75 11,987 92 (475) 11,604 (1.144) $10,460 (68,879) (7.663) (70) (76,612) 17,393 204 (4,095) (3,179) 21 10,344 123 (360) 10.107 (1.649) $8,458 ($1.12) $18.05 $14.03 $17.85 $13.85 Diluted (loss)/earnings per share ($1.12) See Notes to the Consolidated Financial Statements on pages 56 - 117 Leport par Welcome to the S G Para The Boeing Company and Subsidiaries Consolidated Statements of Comprehensive Income 2019 ($636) 2018 $10.460 2017 $8.458 (27) (86) 128 und Su Fina ment 019 20 1 N 1 (48) (146) 119 26 (22) 30 (116) 52 171 (Dollars in millions) Years ended December 31, Net (lossyearnings Other comprehensive income/loss), net of tax: Currency translation adjustments Unrealized gain on certain investments, net of tax of $0.(S1) and ($1) Derivative instruments: Unrealized (lossygain arising during period, net of tax of $13, $40, and (566) Reclassification adjustment for loss included in net earnings, net of tax of ($7). ($8), and ($28) Total derivative Instruments, net of tax Defined benefit pension plans & other postretirement benefits: Net actuarial (lossgain arising during the period, net of tax of $405, ($105), and $248 Amortization of actuarial losses included in net periodic pension cost, net of tax of ($133), ($242), and ($272) Settlements and curtailments included in net income, net of tax of $0,($2), 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 Prior service (credit/cost arising during the period, net of tax of $0.($94), and ($14) Total defined benefit pension plans & other postretirement benefits. net of tax Other comprehensive (loss income, net of tax Comprehensive loss related to noncontrolling interests Comprehensive (lossincome, net of tax (1,413) 384 (495) 11 464 878 542 8 17 22 (11) (89) (143) (117) (1) 341 28 (1,022) 1,490 (1,070) 1,290 (41) (21) ($1,747) $11,729 (53) 247 (2) $8.703 20.094 Topic W Team 20 X Boein C Total Comp c Total C Refer Gapple Conne M MHEF + s2.q4cdn.com/661678649/files/doc financials/2019/ar/2019_Boeing Annual Report.pdf > Welcome to the S. 3 !!! Apps o 2019 2018 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 $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 I $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 10,657 102,229 87,830 2,136 2,418 12,502 12,645 8,060 7,840 3,338 3,429 683 284 1,092 1,087 3,585 1,826 $133,625 $117 359 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 I 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