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BOEING ■ Boeing Reports Second - Quarter Results Continued progress on global safe return to service of 737 MAX Revenue of $ 17.0 billion , GAAP earnings per share of $ 1.00 and core ( non - GAAP ) * earnings per share of $ 0.40 Operating cash flow of ( $ 0.5 ) billion ; cash and marketable securities of $ 21.3 billion Commercial Airplanes backlog grew to $ 285 billion and added 180 net orders Table 1. Summary Financial Results ( Dollars in Millions , except per share data ) Revenues GAAP Earnings / ( Loss ) From Operations Operating Margin Net Earnings / ( Loss ) Earnings / ( Loss ) Per Share Operating Cash Flow Non - GAAP * Second Quarter 2021 $ 16,998 $ 1,023 6.0 % $ 567 $ 1.00 ( $ 483 ) $ 755 4.4 % 2020 $ 11,807 $ 0.40 ( $ 2,964 ) ( 25.1 ) % ( $ 2,395 ) ( $ 4.20 ) ( $ 5,280 ) ( $ 3,319 ) ( 28.1 ) % Change 44 % NM NM NM NM NM News Release NM NM NM 1 First Half 2021 $ 32,215 $ 940 Core Operating Earnings / ( Loss ) Core Operating Margin ( $ 4.79 ) ( $ 6.49 ) Core Earnings / ( Loss ) Per Share * Non - GAAP measure ; complete definitions of Boeing's non - GAAP measures are on page 6 , " Non - GAAP Measures Disclosures . " 2.9 % $ 6 $ 0.09 ( $ 3,870 ) $ 402 1.2 % 2020 $ 28,715 ( $ 1.12 ) ( $ 4,317 ) ( 15.0 ) % ( $ 3,036 ) ( $ 5.31 ) ( $ 9,582 ) ( $ 5,019 ) ( 17.5 ) % Exhibit 99.1 Change 12 % NM NM NM NM NM NM NM NM CHICAGO , July 28 , 2021 - The Boeing Company [ NYSE : BA ] reported second - quarter revenue of $ 17.0 billion , driven by higher commercial airplanes and services volume . GAAP earnings per share of $ 1.00 and core earnings per share ( non - GAAP ) * of $ 0.40 primarily reflects higher commercial volume and lower period costs ( Table 1 ) . Boeing recorded operating cash flow of ( $ 0.5 ) billion . " We continued to make important progress in the second quarter as we focus on driving stability across our operations and transforming our business for the future , " said Boeing President and Chief Executive Officer David Calhoun . " While our commercial market environment is improving , we're closely monitoring COVID - 19 case rates , vaccine distribution and global trade as key indicators for our industry's stability . As we continue to position for a robust recovery , we remain committed to safety and quality , while investing in our people , products and technology . I am proud of our team's resilience and commitment as we work to rebuild trust , improve our performance and deliver for our commercial , defense , space and services customers . " As part of Boeing's ongoing focus on global sustainability , the company published its first integrated Sustainability Report in July . " This was an important step in our continued efforts to reinforce our Environmental , Social , and Governance principles , " Calhoun said .