Quarterly Financial Data (Unaudited)



	2017												2016
	4th			3rd			2nd			1st			4th			3rd			2nd			1st
Total revenues		$25,368			$24,309			$22,739			$20,976			$23,286			$23,898			$24,755			$22,632
Total costs and expenses	(20,427		)	(19,987		)	(18,388		)	(17,264		)	(19,464		)	(19,904		)	(22,325		)	(19,097		)
Earnings from operations	3,030			2,689			2,535			2,024			2,183			2,282			(419		)	1,788
Net earnings/(loss)	3,132			1,853			1,761			1,451			1,631			2,279			(234		)	1,219
Basic earnings/(loss) per share	5.25			3.10			2.93			2.36			2.63			3.64			(0.37		)	1.85
Diluted earnings/(loss) per share	5.18			3.06			2.89			2.34			2.59			3.60			(0.37		)	1.83
Cash dividends declared per share	3.13						2.84						2.51						2.18
Common stock sales price per share:
High	299.33			259.30			204.39			185.71			160.07			139.45			137.89			141.70
Low	253.53			197.75			175.47			155.21			130.74			123.96			122.35			102.10
Quarter end	294.91			254.21			197.75			176.86			155.68			131.74			129.87			126.94

Gross profit is calculated as Total revenues minus Total costs and expenses. Total costs and expenses includes Cost of products, Cost of services and Boeing Capital interest expense.

During the fourth quarter of 2017, as a result of the enactment of the TCJA, we recorded incremental tax benefits of $1,051, primarily related to the remeasurement of net U.S. deferred tax liabilities.

During 2017 and 2016, higher estimated costs to complete the KC-46A Tanker contract for the U.S. Air Force resulted in reach-forward losses. We recorded $329 and $142 in the third and first quarter of 2017. We recorded $312, $573 and $243 in the fourth, second and first quarter of 2016, respectively.

During the third quarter of 2016, delays in completion of engineering and supply chain activities for the Commercial Crew program resulted in a charge of $162.

During the second quarter of 2016 and first quarter of 2016, we recorded reach-forward losses of $1,188 and $70 on the 747 program.

During the second quarter of 2016, we determined that the fourth and fifth flight test aircraft for the 787 program are not commercially saleable, and we reclassified costs of $1,235 associated with these aircraft from 787 program inventory to research and development expense.

During the third quarter of 2016, we recorded an incremental tax benefit of $440 that related to the application of a 2012 Federal Court of Claims decision. We also recorded a tax benefit of $177 as a result of the 2011-2012 federal tax audit settlements.

We increased our quarterly dividend from $1.09 to $1.42 in December 2016 and to $1.71 in December 2017.