Boeing Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company has posted total revenue of $19,555 million against $16,550 million a year ago. Earnings from operations were $1,597 million against $1,103 million a year ago. Earnings before income tax were $1,444 million against $1,003 million a year ago. Net earnings from continuing operations were $1,387 million or $1.83 diluted per share against $1,166 million or $1.56 diluted per share a year ago. Net earnings were $1,393 million or $1.84 diluted per share against $1,164 million or $1.56 diluted per share a year ago. Free cash flow was $2,360 million against $716 million a year ago. Net earnings were backed by continued strong core performance across the company's businesses. For the year, the company has posted total revenue of $68,735 million against $64,306 million a year ago. Earnings from operations were $5,844 million against $4,971 million a year ago. Earnings before income tax were $5,393 million against $4,507 million a year ago. Net earnings from continuing operations were $4,011 million or $5.33 diluted per share against $3,311 million or $4.46 diluted per share a year ago. Net earnings were $4,018 million or $5.34 diluted per share against $3,307 million or $4.45 diluted per share a year ago. Net cash provided by operating activities was $4,023 million against $2,952 million a year ago. Property, plant and equipment additions were $1,713 million against $1,125 million a year ago. Free cash flow was $2,310 million against $1,827 million a year ago. Strong fourth-quarter operating performance, record revenue and backlog, expanded earnings and cash flow capped a year of substantial progress for Boeing in 2011. For the year 2012, the company expects earnings to be $4.05 and $4.25 per share reflecting solid core performance and higher pension expense. Revenue guidance for 2012 is between $78 billion and $80 billion. Operating cash flow guidance set at greater than $5.0 billion includes $1.5 billion of discretionary pension contributions. Capital expenditures for 2012 is expected to be approximately $2.0 billion. Tax rate for 2012 to increase to approximately 35% due to reduced R&D spending and the resulting lower R&D tax credit.