CLAIM #9103 · The Boeing Company (BA) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2024
“BDS, as you point out, we expect cash flows next year to be better than there this year, but still likely a drag, mostly factoring in the impact of some of the charges that you mentioned that we just got to put behind us.”
Brian West · CFO
In context
“o have line of sight to hitting that target. I think that’s most important. In terms of how we get from where we land in 2023 to that moment, yes, going to be some things we’ve got to deal with, not going to be linear, but we’ve got some things that feel good about in terms of momentum. Let me just highlight a few. Of course, we’ll be more specific in January on next year’s free cash flow guidance. But we expect to be higher. It’s too early to be that specific, but it will be underwritten by higher BCA deliveries, both on the 37 and the 87. We’ll have made progress on the inventory wind down that Dave mentioned. And we’re also going to factor in the 777X ramp. So those things are pretty discrete, and we just got to follow our ability to deliver in a stable environment. BGS will be steady. BDS, as you point out, we expect cash flows next year to be better than there this year, but still likely a drag, mostly factoring in the impact of some of the charges that you mentioned that we just got to put behind us. So, we’ll spell all of this out in January once we finish our planning cycle and get through 2023. But the most important thing to remember is that quantum in 2025, 2026 is $10 billion. And all of the levers that we have to go from where we land this year to at that point are still very clear to us and underwritten by execution, and we know how to do that. Jason Gursky: Okay. And then, Brian, just if you don’t mind, the $10 billion quantum out in 2025, 2026, can you talk about the potential for – where we might go from there? What are some of the puts and takes that we might see from a growth perspective beyond that $10 billion? Brian West: Yes. We’re still looking forward to that stability, as Dave called it, in the 2025, 2026 time frame in that $10 billion. That’s where we’re laser-like”
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SEC filings for BA ↗ · Claim quote is verbatim from the 2023Q3 earnings call.