CLAIM #9110 · The Boeing Company (BA) · 2023Q3 earnings call · Oct 25, 2023 · due Dec 31, 2026
“But it’s not going to do anything to disrupt our free cash flow target.”
Brian West · CFO
How to check this claim
Look at: Boeing free cash flow (as reported, company-defined non-GAAP metric), fiscal year
It came true if: Reported free cash flow meets or exceeds the company's most recently disclosed free cash flow target/guidance for the applicable year
Where: Boeing quarterly earnings release / cash flow statement and management commentary on free cash flow guidance
In context
“mohr: Yes, thanks a lot. So Brian, 777X R&D spiked up. It looks like total R&D at BCA was up about $150 million sequentially. Where do those – where does the 777X sort of R&D number go moving forward? When does it peak? When does it come down? And also maybe you could update us on the certification status given we’re in a CR, [ph] are we going to make it on MAX 7 by year end? What about MAX 10? What about achieving TIA on the 777X? Brian West: Yes. So let’s start with the R&D question. So overall R&D, we continue to spend on the dash seven and the dash 10 and the uptick is as I pointed out and as you mentioned on the 777X and the 777-8 Freighter. Now as we move forward, that range of three – call it three, four-ish billion of R&D, that’s going to modestly go up over the next couple years. But it’s not going to do anything to disrupt our free cash flow target. And if it goes up a little bit, I think that’ll be good news because we’re investing in programs. So we’re not necessarily worried about that at all. And it’s all within our expectations, both near term and longer term. And in terms of the certification milestones that we have in front of us, as Dave mentioned, there’s been no change to either the dash seven, the dash 10 or the 777X we move forward and particularly the 777X team’s hard at work at trying to meet that commitment. So there’s really nothing to say other than there’s a lot of people hard at work, which is why we continue to invest in those spots. Dave Calhoun: I always have to add because I don’t want to get in a trap like we did a long time ago. The FAA makes that call and we’re going to give them all the flexibility they nee”
Verify independently
SEC filings for BA ↗ · Claim quote is verbatim from the 2023Q3 earnings call.