...January 26, 2023 NEW YORK (S&P Global Ratings) Jan. 26, 2023--S&P Global Ratings today said that its ratings and outlook on Boeing Co. (###-/Negative/A-3) are unchanged following its earnings announcement. The company reported a fourth-quarter 2022 pretax loss of $649 million (compared with a loss of $4.7 billion in fourth quarter 2021) and full-year pretax loss of $5 billion (compared with a loss of $5 billion in 2021). We note that free cash flow in 2022 was slightly better than we anticipated, which we consider incrementally credit constructive, and Boeing recorded no large charges, which have weighed on results in recent quarters. Improving aircraft deliveries contributed to better cash flow in 2022. Free cash flow for the year reached $2.3 billion, which was slightly better than our estimate of about $2 billion. It also reflects the first year of positive free cash flow since 2018. Additionally, the company affirmed previous guidance for $3 billion-$5 billion of free cash flow in 2023....
