Boeing Co losses widened to $3.5 billion for 2022 but the U.S. planemaker reported its first yearly positive cash flow since 2018 on stronger commercial deliveries.
losses widened to $3.5 billion for 2022 but the U.S. planemaker reported its first yearly positive cash flow since 2018 on stronger commercial deliveries.
Boeing generated $3.1 billion in free cash flow in the final quarter of 2022. Boeing had forecast about $2.5 billion in free cash flow for the fourth quarter. Boeing reported $2.3 billion for all of 2022. Boeing reported fourth-quarter revenue of $20 billion, up from $14.79 billion in the same quarter in 2022, and a loss per share of $1.75. Boeing had been expected to report $20.38 billion in revenue in the quarter and a gain of $0.26 a share, according to Refinitiv data.
Boeing affirmed it plans to deliver up to 450 737 MAX narrowbody aircraft and 70 to 80 widebody 787 Dreamliners in 2023. The company reiterated it expects to generate $3 billion to $5 billion in free cash flow in 2023.
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