The Boeing Company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. The company reported revenue of $23,573 million compared to $24,468 million a year ago. Earnings from operations were $1,161 million compared to $2,025 million a year ago. Earnings before income taxes were $1,099 million compared to $1,930 million a year ago. Net earnings from continuing operations were $1,026 million compared to $1,466 million a year ago. Net earnings were $1,026 million or $1.51 diluted per share compared to $1,466 million or $2.02 diluted per share a year ago. Non-GAAP core operating earnings were $1,259 million or $1.60 per share compared to $2,344 million or $2.31 per share a year ago. Operating cash flow was $3,199 million compared with $4,998 million a year ago.

For the year, the company reported revenue of $96,114 million compared to $90,762 million a year ago. Earnings from operations were $7,443 million compared to $7,473 million a year ago. Earnings before income taxes were $7,155 million compared to $7,137 million a year ago. Net earnings from continuing operations were $5,176 million compared to $5,446 million a year ago. Net earnings were $5,176 million or $7.44 diluted per share compared to $5,446 million or $7.38 diluted per share a year ago. Net cash provided by operating activities was $9,363 million compared to $8,858 million a year ago. Property, plant and equipment additions were $2,450 million compared to $2,236 million a year ago. Operating cash flow was $9,363 million compared with $8,858 million a year ago. Non-GAAP core operating earnings were $7,741 million or $7.72 per share compared to $8,860 million or $8.60 per share a year ago.

The company provided earnings guidance for the year 2016. For the year, the company expects core EPS guidance of between $8.15 and $8.35; GAAP EPS guidance of between $8.45 and $8.65. Revenue guidance of between $93 billion and $95 billion reflects commercial deliveries of between 740 and 745. Reaffirming planned production rate increases over the next several years. The company expects operating cash flow guidance of approximately of $10 billion. Capital spending guidance for 2016 is set to be approximately $2.8 billion, driven by the new 777X facilities and equipment, expansion of Boeing in South Carolina to support 787 rate increases and continued investment to support future growth and productivity.

For the first quarter, the company expected revenue to be the lowest of the year. Core EPS is estimated to be approximately 20% of full year earnings and first quarter cash flow is forecast to be at near breakeven, again driven by timing of receipts and expenditures.