Boeing
Q4 2022 Earnings Call
Jan 25, 2023, 10:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Thank you for standing by. Good day, everyone, and welcome to The Boeing Company's fourth quarter 2022 earnings conference call. Today's call is being recorded. The management's discussion and slide presentation, plus the analyst question-and-answer session, are being broadcast live over the internet.
[Operator instructions] At this time, for opening remarks and introductions, I'll turn the call over to Mr. Matt Welch, vice president of investor relations for The Boeing Company. Mr. Welch, please go ahead.
Matt Welch -- Vice President, Investor Relations
Thank you and good morning. Welcome to Boeing's fourth quarter 2022 earnings call. I am Matt Welch, and with me today are Dave Calhoun, Boeing's president and chief executive officer; and Brian West, Boeing's executive vice president and chief financial officer. And as a reminder, you can follow today's broadcast and slide presentation at boeing.com.
As always, detailed financial information is included in today's press release. Furthermore, projections, estimates, and goals included in today's discussion involve risks, including those described in our SEC filings and in the forward-looking statement disclaimer at the end of the web presentation. In addition, we refer you to our earnings release and presentation for disclosures and reconciliation of certain non-GAAP measures. Now, I will turn the call over to Dave Calhoun.
Dave Calhoun -- President and Chief Executive Officer
Thanks, Matt. Good morning. Thanks to all of you for joining us this morning. The last time we were together was the second in November where we had a chance for the first time, at least in my three-year tenure, to talk about guidance and expectations for the years ahead.
The good news is we had a very solid fourth quarter, a quarter that, in my view, puts us in good stead to step forward and meet the guidance that we have delivered to all of you. Not only have we taken big steps to reduce the risks that, of course, we've faced over the last three years, but importantly, we're well on our way to restoring the operational and financial strength that we got used to prior to our MAX moment. Challenges remain. We have a lot to do.
But overall, we're feeling pretty good about the way we closed '22, and we're well-positioned for '23 and beyond. Our key metric, as everybody knows, is free cash flow. Importantly, we were able to generate more than 3 billion in free cash flow in the fourth quarter, driven by the progress in our performance and, importantly, continued strong demand. And this helped us generate positive full year cash flow for the first time since 2018, a very important turnaround metric for us.