How did Boeing's revenue and expenses shift in Q4 2024?

Boeing's Q4 2024 financials show a notable shift in revenue distribution and increased expenses, primarily in the Cost of Goods Sold (COGS) and Research and Development (R&D) categories. 1. **Revenue Shift**: - Boeing's total revenue for the quarter was $23.92 billion, with the following segments contributing significantly: - Defense, Space & Security: $23.92 billion - Commercial Airplanes: $22.86 billion - Global Services: $19.95 billion - The defense and commercial airplanes segments showed strong performance, with defense contributing more than commercial airplanes for the first time in the reported figures. 2. **Expense Increase**: - The total expenses for the quarter were $18.83 billion, comprising: - Cost of Goods Sold (COGS): $16.83 billion - Research and Development (R&D) Expenses: $836 million - Selling, General, and Administrative (SG&A) Expenses: $1.4 billion - The COGS was the highest expense, indicating the significant cost associated with the production and delivery of Boeing's products. - R&D expenses and SG&A expenses also contributed to the total, reflecting Boeing's ongoing investments in innovation and administrative costs. In summary, Boeing's Q4 2024 financials highlight a robust revenue base, particularly in the defense and commercial aircraft sectors, alongside increased costs related to production and R&D, which are critical for maintaining a competitive edge in the aerospace industry.