Find 2018 financial statements and other financial data (e.g., beta) for the Boeing Company (Stock ticker:...

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Finance

Find 2018 financial statements and other financial data (e.g.,beta) for the Boeing Company (Stock ticker: BA) from Yahoo!Finance, Google Finance, MSN Money, or other sources.
(1)  Estimate the company’sweights of capital (debt, preferred stock, and common stock) in2018
(2)  Estimate the company’sbefore-tax and after-tax component cost of debt in 2018
(3)  Estimate the firm’scomponent cost of preferred stock in 2018
(4)  Estimate the componentcost of common equity using CAPM in 2018
(5)  Compute the firm’sweighted average cost of capital (WACC) in 2018
Income Statement
All numbers in thousands
Revenue 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Revenue 101,127,000 94,005,000 93,496,000 96,114,000
Cost of Revenue 81,490,000 76,612,000 79,026,000 82,088,000
Gross Profit 19,637,000 17,393,000 14,470,000 14,026,000
Operating Expenses
Research Development 3,269,000 3,179,000 3,391,000 3,331,000
Selling General and Administrative 4,525,000 4,101,000 4,091,000 3,525,000
Non Recurring - - - -
Others - - - -
Total Operating Expenses 89,284,000 83,892,000 86,508,000 88,944,000
Operating Income or Loss 11,843,000 10,113,000 6,988,000 7,170,000
Income from Continuing Operations
Total Other Income/Expenses Net -239,000 -6,000 -1,205,000 -15,000
Earnings Before Interest and Taxes 11,843,000 10,113,000 6,988,000 7,170,000
Interest Expense -475,000 -360,000 -306,000 -275,000
Income Before Tax 11,604,000 10,107,000 5,783,000 7,155,000
Income Tax Expense 1,144,000 1,649,000 749,000 1,979,000
Minority Interest 71,000 57,000 60,000 62,000
Net Income From Continuing Ops 10,460,000 8,458,000 5,034,000 5,176,000
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income
Net Income 10,460,000 8,458,000 5,034,000 5,176,000
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares 10,460,000
Balance Sheet
Period Ending 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Current Assets
Cash And Cash Equivalents 7,637,000 8,813,000 8,801,000 11,302,000
Short Term Investments 927,000 1,179,000 1,228,000 750,000
Net Receivables 13,904,000 11,088,000 8,832,000 8,713,000
Inventory 62,567,000 61,388,000 43,199,000 47,257,000
Other Current Assets 2,335,000 2,417,000 - -
Total Current Assets 87,830,000 85,194,000 62,488,000 68,234,000
Long Term Investments 1,087,000 1,260,000 1,317,000 1,284,000
Property Plant and Equipment 12,645,000 12,672,000 12,807,000 12,076,000
Goodwill 7,840,000 5,559,000 5,324,000 5,126,000
Intangible Assets 3,429,000 2,573,000 2,540,000 2,657,000
Accumulated Amortization - - - -
Other Assets 2,110,000 2,348,000 1,748,000 1,673,000
Deferred Long Term Asset Charges 284,000 321,000 332,000 265,000
Total Assets 117,359,000 112,362,000 89,997,000 94,408,000
Current Liabilities
Accounts Payable 12,916,000 12,202,000 11,190,000 10,800,000
Short/Current Long Term Debt 2,690,000 435,000 284,000 734,000
Other Current Liabilities 54,936,000 51,260,000 27,623,000 27,589,000
Total Current Liabilities 81,590,000 74,648,000 50,134,000 50,412,000
Long Term Debt 8,670,000 8,159,000 6,804,000 6,875,000
Other Liabilities 24,702,000 26,219,000 29,418,000 28,869,000
Deferred Long Term Liability Charges - - - -
Minority Interest 71,000 57,000 60,000 62,000
Negative Goodwill - - - -
Total Liabilities 116,949,000 110,649,000 89,120,000 88,011,000
Stockholders' Equity
Misc. Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - - -
Common Stock 5,061,000 5,061,000 5,061,000 5,061,000
Retained Earnings 55,941,000 49,618,000 40,714,000 38,756,000
Treasury Stock -67,431,000 -59,827,000 -49,720,000 -42,316,000
Capital Surplus 6,768,000 6,804,000 4,762,000 4,834,000
Other Stockholder Equity -15,083,000 -16,373,000 -13,623,000 -12,748,000
Total Stockholder Equity 339,000 1,656,000 817,000 6,335,000
Net Tangible Assets -10,930,000
Statement of Cash Flows
Period Ending 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income 10,460,000 8,458,000 5,034,000 5,176,000
Operating Activities, Cash Flows Provided By orUsed In
Depreciation 2,114,000 2,047,000 1,889,000 1,833,000
Adjustments To Net Income 464,000 589,000 651,000 559,000
Changes In Accounts Receivables -2,621,000 -2,440,000 1,118,000 -1,069,000
Changes In Liabilities 2,638,000 4,830,000 -740,000 954,000
Changes In Inventories 568,000 -1,403,000 4,004,000 -1,110,000
Changes In Other Operating Activities 1,879,000 609,000 -726,000 2,543,000
Total Cash Flow From Operating Activities 15,322,000 13,346,000 10,496,000 9,363,000
Investing Activities, Cash Flows Provided By orUsed In
Capital Expenditures -1,722,000 -1,739,000 -2,613,000 -2,450,000
Investments 291,000 38,000 -513,000 554,000
Other Cash flows from Investing Activities -11,000 6,000 7,000 39,000
Total Cash Flows From Investing Activities -4,621,000 -2,058,000 -3,378,000 -1,846,000
Financing Activities, Cash Flows Provided By orUsed In
Dividends Paid -3,946,000 -3,417,000 -2,756,000 -2,490,000
Sale Purchase of Stock - - - -
Net Borrowings 1,365,000 1,124,000 -34,000 861,000
Other Cash Flows from Financing Activities 35,000 35,000 -24,000 157,000
Total Cash Flows From Financing Activities -11,722,000 -11,350,000 -9,587,000 -7,920,000
Effect Of Exchange Rate Changes -53,000 80,000 -33,000 -28,000
Change In Cash and Cash Equivalents -1,074,000

Answer & Explanation Solved by verified expert

4.1 Ratings (726 Votes)

1 Companys weight of capital Capital type Amount Weight Debt 8670000 1244 Preferred stock 0 0 Common stock Incl Retained earnings 61002000 8756 2 Cost of debt Before tax cost of debt Interest expense long term debt See Answer

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Find 2018 financial statements and other financial data (e.g.,beta) for the Boeing Company (Stock ticker: BA) from Yahoo!Finance, Google Finance, MSN Money, or other sources.(1) Estimate the company’sweights of capital (debt, preferred stock, and common stock) in2018(2) Estimate the company’sbefore-tax and after-tax component cost of debt in 2018(3) Estimate the firm’scomponent cost of preferred stock in 2018(4) Estimate the componentcost of common equity using CAPM in 2018(5) Compute the firm’sweighted average cost of capital (WACC) in 2018Income StatementAll numbers in thousandsRevenue12/31/201812/31/201712/31/201612/31/2015Total Revenue101,127,00094,005,00093,496,00096,114,000Cost of Revenue81,490,00076,612,00079,026,00082,088,000Gross Profit19,637,00017,393,00014,470,00014,026,000Operating ExpensesResearch Development3,269,0003,179,0003,391,0003,331,000Selling General and Administrative4,525,0004,101,0004,091,0003,525,000Non Recurring----Others----Total Operating Expenses89,284,00083,892,00086,508,00088,944,000Operating Income or Loss11,843,00010,113,0006,988,0007,170,000Income from Continuing OperationsTotal Other Income/Expenses Net-239,000-6,000-1,205,000-15,000Earnings Before Interest and Taxes11,843,00010,113,0006,988,0007,170,000Interest Expense-475,000-360,000-306,000-275,000Income Before Tax11,604,00010,107,0005,783,0007,155,000Income Tax Expense1,144,0001,649,000749,0001,979,000Minority Interest71,00057,00060,00062,000Net Income From Continuing Ops10,460,0008,458,0005,034,0005,176,000Non-recurring EventsDiscontinued Operations----Extraordinary Items----Effect Of Accounting Changes----Other Items----Net IncomeNet Income10,460,0008,458,0005,034,0005,176,000Preferred Stock And Other Adjustments----Net Income Applicable To Common Shares10,460,000Balance SheetPeriod Ending12/31/201812/31/201712/31/201612/31/2015Current AssetsCash And Cash Equivalents7,637,0008,813,0008,801,00011,302,000Short Term Investments927,0001,179,0001,228,000750,000Net Receivables13,904,00011,088,0008,832,0008,713,000Inventory62,567,00061,388,00043,199,00047,257,000Other Current Assets2,335,0002,417,000--Total Current Assets87,830,00085,194,00062,488,00068,234,000Long Term Investments1,087,0001,260,0001,317,0001,284,000Property Plant and Equipment12,645,00012,672,00012,807,00012,076,000Goodwill7,840,0005,559,0005,324,0005,126,000Intangible Assets3,429,0002,573,0002,540,0002,657,000Accumulated Amortization----Other Assets2,110,0002,348,0001,748,0001,673,000Deferred Long Term Asset Charges284,000321,000332,000265,000Total Assets117,359,000112,362,00089,997,00094,408,000Current LiabilitiesAccounts Payable12,916,00012,202,00011,190,00010,800,000Short/Current Long Term Debt2,690,000435,000284,000734,000Other Current Liabilities54,936,00051,260,00027,623,00027,589,000Total Current Liabilities81,590,00074,648,00050,134,00050,412,000Long Term Debt8,670,0008,159,0006,804,0006,875,000Other Liabilities24,702,00026,219,00029,418,00028,869,000Deferred Long Term Liability Charges----Minority Interest71,00057,00060,00062,000Negative Goodwill----Total Liabilities116,949,000110,649,00089,120,00088,011,000Stockholders' EquityMisc. Stocks Options Warrants----Redeemable Preferred Stock----Preferred Stock----Common Stock5,061,0005,061,0005,061,0005,061,000Retained Earnings55,941,00049,618,00040,714,00038,756,000Treasury Stock-67,431,000-59,827,000-49,720,000-42,316,000Capital Surplus6,768,0006,804,0004,762,0004,834,000Other Stockholder Equity-15,083,000-16,373,000-13,623,000-12,748,000Total Stockholder Equity339,0001,656,000817,0006,335,000Net Tangible Assets-10,930,000Statement of Cash FlowsPeriod Ending12/31/201812/31/201712/31/201612/31/2015Net Income10,460,0008,458,0005,034,0005,176,000Operating Activities, Cash Flows Provided By orUsed InDepreciation2,114,0002,047,0001,889,0001,833,000Adjustments To Net Income464,000589,000651,000559,000Changes In Accounts Receivables-2,621,000-2,440,0001,118,000-1,069,000Changes In Liabilities2,638,0004,830,000-740,000954,000Changes In Inventories568,000-1,403,0004,004,000-1,110,000Changes In Other Operating Activities1,879,000609,000-726,0002,543,000Total Cash Flow From Operating Activities15,322,00013,346,00010,496,0009,363,000Investing Activities, Cash Flows Provided By orUsed InCapital Expenditures-1,722,000-1,739,000-2,613,000-2,450,000Investments291,00038,000-513,000554,000Other Cash flows from Investing Activities-11,0006,0007,00039,000Total Cash Flows From Investing Activities-4,621,000-2,058,000-3,378,000-1,846,000Financing Activities, Cash Flows Provided By orUsed InDividends Paid-3,946,000-3,417,000-2,756,000-2,490,000Sale Purchase of Stock----Net Borrowings1,365,0001,124,000-34,000861,000Other Cash Flows from Financing Activities35,00035,000-24,000157,000Total Cash Flows From Financing Activities-11,722,000-11,350,000-9,587,000-7,920,000Effect Of Exchange Rate Changes-53,00080,000-33,000-28,000Change In Cash and Cash Equivalents-1,074,000

Revenue	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Revenue	101,127,000	94,005,000	93,496,000	96,114,000
Cost of Revenue	81,490,000	76,612,000	79,026,000	82,088,000
Gross Profit	19,637,000	17,393,000	14,470,000	14,026,000
Operating Expenses
Research Development	3,269,000	3,179,000	3,391,000	3,331,000
Selling General and Administrative	4,525,000	4,101,000	4,091,000	3,525,000
Non Recurring	-	-	-	-
Others	-	-	-	-
Total Operating Expenses	89,284,000	83,892,000	86,508,000	88,944,000
Operating Income or Loss	11,843,000	10,113,000	6,988,000	7,170,000
Income from Continuing Operations
Total Other Income/Expenses Net	-239,000	-6,000	-1,205,000	-15,000
Earnings Before Interest and Taxes	11,843,000	10,113,000	6,988,000	7,170,000
Interest Expense	-475,000	-360,000	-306,000	-275,000
Income Before Tax	11,604,000	10,107,000	5,783,000	7,155,000
Income Tax Expense	1,144,000	1,649,000	749,000	1,979,000
Minority Interest	71,000	57,000	60,000	62,000
Net Income From Continuing Ops	10,460,000	8,458,000	5,034,000	5,176,000
Non-recurring Events
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Changes	-	-	-	-
Other Items	-	-	-	-
Net Income
Net Income	10,460,000	8,458,000	5,034,000	5,176,000
Preferred Stock And Other Adjustments	-	-	-	-
Net Income Applicable To Common Shares	10,460,000

Period Ending	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Current Assets
Cash And Cash Equivalents	7,637,000	8,813,000	8,801,000	11,302,000
Short Term Investments	927,000	1,179,000	1,228,000	750,000
Net Receivables	13,904,000	11,088,000	8,832,000	8,713,000
Inventory	62,567,000	61,388,000	43,199,000	47,257,000
Other Current Assets	2,335,000	2,417,000	-	-
Total Current Assets	87,830,000	85,194,000	62,488,000	68,234,000
Long Term Investments	1,087,000	1,260,000	1,317,000	1,284,000
Property Plant and Equipment	12,645,000	12,672,000	12,807,000	12,076,000
Goodwill	7,840,000	5,559,000	5,324,000	5,126,000
Intangible Assets	3,429,000	2,573,000	2,540,000	2,657,000
Accumulated Amortization	-	-	-	-
Other Assets	2,110,000	2,348,000	1,748,000	1,673,000
Deferred Long Term Asset Charges	284,000	321,000	332,000	265,000
Total Assets	117,359,000	112,362,000	89,997,000	94,408,000
Current Liabilities
Accounts Payable	12,916,000	12,202,000	11,190,000	10,800,000
Short/Current Long Term Debt	2,690,000	435,000	284,000	734,000
Other Current Liabilities	54,936,000	51,260,000	27,623,000	27,589,000
Total Current Liabilities	81,590,000	74,648,000	50,134,000	50,412,000
Long Term Debt	8,670,000	8,159,000	6,804,000	6,875,000
Other Liabilities	24,702,000	26,219,000	29,418,000	28,869,000
Deferred Long Term Liability Charges	-	-	-	-
Minority Interest	71,000	57,000	60,000	62,000
Negative Goodwill	-	-	-	-
Total Liabilities	116,949,000	110,649,000	89,120,000	88,011,000
Stockholders' Equity
Misc. Stocks Options Warrants	-	-	-	-
Redeemable Preferred Stock	-	-	-	-
Preferred Stock	-	-	-	-
Common Stock	5,061,000	5,061,000	5,061,000	5,061,000
Retained Earnings	55,941,000	49,618,000	40,714,000	38,756,000
Treasury Stock	-67,431,000	-59,827,000	-49,720,000	-42,316,000
Capital Surplus	6,768,000	6,804,000	4,762,000	4,834,000
Other Stockholder Equity	-15,083,000	-16,373,000	-13,623,000	-12,748,000
Total Stockholder Equity	339,000	1,656,000	817,000	6,335,000
Net Tangible Assets	-10,930,000