XML 82 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Data (Unaudited)
 
Quarter Ended
2013
December 31,
2013(1)
 
September 27,
2013(2)
 
June 28,
2013(3)
 
March 29,
2013(4)
Revenues
$
1,494.4

 
$
1,503.7

 
$
1,520.7

 
$
1,442.2

Operating (Loss) income
$
(320.8
)
 
$
50.5

 
$
(238.5
)
 
$
144.5

Net (loss) income
$
(586.9
)
 
$
93.7

 
$
(209.4
)
 
$
81.2

(Loss) earnings per share, basic
$
(4.15
)
 
$
0.66

 
$
(1.48
)
 
$
0.57

(Loss) earnings per share, diluted
$
(4.15
)
 
$
0.65

 
$
(1.48
)
 
$
0.57

 
 
Quarter Ended
2012
December 31,
2012(5)
 
September 29,
2012(6)
 
June 30,
2012(7)
 
March 31,
2012(8)
Revenues
$
1,425.6

 
$
1,365.3

 
$
1,341.0

 
$
1,265.8

Operating Income (loss)
$
98.0

 
$
(210.5
)
 
$
82.5

 
$
122.3

Net income (loss)
$
60.7

 
$
(134.4
)
 
$
34.9

 
$
73.6

Earnings (loss) per share, basic
$
0.43

 
$
(0.96
)
 
$
0.25

 
$
0.52

Earnings (loss) per share, diluted
$
0.43

 
$
(0.96
)
 
$
0.24

 
$
0.52

_______________________________________

(1)
Fourth quarter 2013 earnings include the impacts of forward loss charges of $30.8, $4.1, $7.5, $333.1, $30.6, $21.0, $43.0, $54.1 and $21.7 on the B747 fuselage, B767 fuselage, B767 propulsion, B787 fuselage, B787 propulsion, B878 wing, G650 wing, G280 wing and BR725 propulsion portions of programs, respectively, and a $382.6 charge resulting from the establishment of a deferred tax asset valuation allowance.
(2)
Third quarter 2013 earnings include the impacts of forward loss charges of $5.3, $0.8, $6.4, $32.7 and $78.6 on the B747 fuselage, B767 propulsion, G280 wing, A350-1000 XWB non-recurring fuselage and A350 XWB recurring fuselage portions of programs, respectively.
(3)
Second quarter 2013 earnings included the impacts of forward loss charges of $5.0, $4.0, $22.0, $234.2 and $191.5 on the B747 fuselage, B767 propulsion, B787 fuselage, G650 wing and G280 wing portions of programs, respectively. Also includes $8.4 reduction in forward loss due to change in estimate recorded for the BR725 program.
(4)
First quarter of 2013 earnings includes the impact of the forward loss charge of $15.3 on the B787 wing portion of the program.
(5)
Fourth quarter 2012 earnings include the impacts of forward loss charges of $6.4 on the B747 fuselage program, $8.0 on the B767 propulsion program and $20.0 on the G280 wing program. The company incurred an additional $18.1 of cost incurred related to the April 14, 2012 severe weather event.
(6)
Third quarter 2012 earnings included the impacts of a $151.0 forward loss charge for our Rolls-Royce program, a charge of $184.0 for the B787 wing program, a charge of $88.1 for the G280 wing program, a charge of $162.5 for the G650 wing program, a charge of $2.4 for the A350 XWB program, a charge of $2.4 for the B747-8 wing program, and a net gain of $218.8 resulting from the insurance settlement net of cost incurred related to the April 14, 2012 severe weather event.
(7)
Second quarter 2012 earnings included the impacts of a $6.5 forward loss charge recorded on our A350 XWB non-recurring wing contract, charges of $3.6 for asset impairment, $2.2 related to stock incentives for certain UAW-represented employees, and $1.1 in early retirement incentives to eligible employees. Also includes a charge of $54.5 related to the April 14, 2012 severe weather event.
(8)
First quarter 2012 earnings included a $2.7 forward loss charge recorded for the B747-8 program, $10.7 forward loss charge for the G280 wing program and $1.0 related to early retirement incentives to eligible employees.