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BOEING News Release Boeing Reports First - Quarter Results • • • Continued progress on safe return to service of 737 MAX ; resumed 787 deliveries in late March Revenue of $ 15.2 billion , GAAP loss per share of ( $ 0.92 ) and core ( non - GAAP ) * loss per share of ( $ 1.53 ) Operating cash flow of ( $ 3.4 ) billion ; cash and marketable securities of $ 21.9 billion " Total backlog grew to $ 364 billion ; Commercial Airplanes added 76 net orders Exhibit 99.1 Table 1. Summary Financial Results ( Dollars in Millions , except per share data ) Revenues GAAP Loss From Operations Operating Margin Net Loss Loss Per Share Operating Cash Flow Non - GAAP * Core Operating Loss Core Operating Margin Core Loss Per Share First Quarter 2021 2020 Change $ 15,217 $ 16,908 ( 10 ) % ( $ 83 ) ( $ 1,353 ) NM ( 0.5 ) % ( 8.0 ) % NM ( $ 561 ) ( $ 641 ) NM ( $ 0.92 ) ( $ 1.11 ) NM ( $ 3,387 ) ( $ 4,302 ) NM ( $ 353 ) ( $ 1,700 ) NM ( 10.1 ) % NM NM ( 2.3 ) % ( $ 1.53 ) ( $ 1.70 ) * Non - GAAP measure ; complete definitions of Boeing's non - GAAP measures are on page 6 , " Non - GAAP Measures Disclosures . " CHICAGO , April 28 , 2021 - The Boeing Company [ NYSE : BA ] reported first - quarter revenue of $ 15.2 billion , primarily driven by lower 787 deliveries and commercial services volume , partially offset by higher 737 deliveries and higher KC - 46A Tanker revenue ( Table 1 ) . GAAP loss per share of ( $ 0.92 ) and core loss per share ( non - GAAP ) * of ( $ 1.53 ) reflect year - over - year KC - 46A Tanker improvement , higher 737 deliveries , and lower commercial airplanes period costs , partially offset by lower tax benefits and higher interest expense . Boeing recorded operating cash flow of ( $ 3.4 ) billion . " I am proud of the progress our global team made across our business in the first quarter as we continued to transform our enterprise , strengthen our safety processes , and sustain critical investments for our future , " said Boeing President and Chief Executive Officer Dave Calhoun . " While the global pandemic continues to challenge the overall market environment , we view 2021 as a key inflection point for our industry as vaccine distribution accelerates and we work together across government and industry to help enable a robust recovery . Our balanced commercial , defense , space and services portfolio continues to provide critical stability for our business - and we remain focused on safety , quality and integrity as we deliver on our customer commitments . " 1