Revenue Performance: Q3 2024 revenue decreased to $17.84 billion (-1.46% YoY, +5.77% QoQ). A decline in commercial wide-body deliveries was attributed to the IAM work stoppage.
Profitability: The company's gross profit margin stood at -19.66%, indicating operational difficulties. Operating income was -$5.76 billion, leading to an overall net income loss of $6.17 billion. This reflects a substantial year-over-year decrease of 277.14%.
Cash Flow: Free cash flow usage amounted to $2 billion during the quarter, demonstrating cash burn driven by negative operational cash flow.
Balance Sheet Health: As of Q3 2024, total liabilities reached $161.26 billion, outpacing total assets of $137.69 billion, resulting in a negative stockholders' equity of -$23.55 billion. Cash and equivalents were recorded at $9.96 billion, while total debt remained stable at $57.7 billion, indicating liquidity concerns against operational performance.