Income Statement of Boeing Co.

WK3: SEC 10-K Income Statement of Boeing Co. (NYSE: B.A.)
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WK3: SEC 10-K Income Statement of Boeing Co. (NYSE: B.A.)
Category: Revenue and Net Income
1. What were the corporation's net sales, cost of goods sold, and gross profit?
In 2020, Boeing got revenue sales of 58.16 billion U.S. dollars, the lowest revenue compared to previous years, such as 2019 and 2018. Revenue sales hit 76,559 and 101,127 billion U.S. dollars respected. This revenue represents a reduced value compared to 2019 and 2018, where the company gained revenue of more than 101 billion U.S. dollars in 2018. Furthermore, Boeing's Annual Gross Profit stood at $-5,642 (Millions of U.S. $), which is equally the worst compared to previous years. For instance, in 2018 and 2019, $19,706 and $4,528 Million of U. S respectively were gained by Boeing, which reflects far superior performance in the previous years. Thus, it could be denoting that the business environment for Boeing has not been friendly in recent times.
What was the corporate tax rate? And explains the federal statutory rate and a reconciliation to the actual tax rate of the company each year.
The corporate tax for Boing stood at 17.5%. The federal statutory corporate tax rate is 21 percent ...