CHICAGO, Oct. 26, 2011 /PRNewswire/ --
- Earnings per share of $1.46 reported on revenue of $17.7 billion
- Backlog grew to $332 billion, including $26 billion in orders during the quarter
- Operating cash flow of $0.4 billion reflects continued investment in development programs and $0.5 billion of pension funding
- Cash and marketable securities of $9.2 billion provide strong liquidity
- 2011 earnings per share guidance increased to between $4.30 and $4.40 per share on strong core performance across businesses
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Table 1. Summary Financial Results |
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Third Quarter |
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Nine Months |
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(Dollars in Millions, except per share data) |
2011 |
2010 |
Change |
2011 |
2010 |
Change |
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Revenues |
$17,727 |
$16,967 |
4% |
$49,180 |
$47,756 |
3% |
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Earnings From Operations |
$1,714 |
$1,387 |
24% |
$4,247 |
$3,868 |
10% |
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Operating Margin |
9.7% |
8.2% |
1.5 Pts |
8.6% |
8.1% |
0.5 Pts |
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Net Income |
$1,098 |
$837 |
31% |
$2,625 |
$2,143 |
22% |
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Earnings per Share |
$1.46 |
$1.12 |
30% |
$3.49 |
$2.89 |
21% |
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Operating Cash Flow |
$449 |
$1,855 |
(76%) |
$1,092 |
$1,836 |
(41%) |
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