Bombardier Inc. – Company Information
|Headquarters||800 René-Lévesque Blvd. West, Montréal, Québec, Canada|
|CEO and President||Pierre Beaudoin|
|Industry||Aerospace and Railways|
|Stock symbol||TSX: BBD.A, BBD.B, OTCQX: BDRBF|
|Revenue||$20.111 billion (2014)|
|Net income||$(1,246) million (2014)|
|Earnings per share||$(0.74) USD (2014)|
|Investor relations contact number:||+1 514 861 9481, ext. 13356|
Bombardier Inc., is a Canadian multinational aerospace company that focuses on the production of both planes (from business jets to commercial aircraft) and trains (high speed trains and public transit).
Bombardier’s aerospace division accounts for a little over half of the company’s total revenue, with engineering and services facilities in 27 countries and production facilities in Canada, the US, Northern Ireland, and Mexico.
The company was founded by Joseph-Armand Bombardier, who originally had a vision to create a vehicle that could “float on snow”.
In 1937 he built and produced snowmobiles in Quebec, Canada. He managed to revolutionize the means in which people traveled in snowy conditions. His first snowmobiles were called B7.
His business was a success and in 1945 the l’Auto-Neige Bombardier Limitée company was formed.
The vehicles that the company first produced were made to help people travel long distances during the harsh winter months in Quebec.
However, during the Second World War the company experienced a setback in snowmobile sales and in order for his company to survive the war Armand had to tweak his business focus and Bombardier began developing vehicles for the military.
His company experienced another setback in 1948, when the Canadian government passed a law that required all highways and local roads to be cleared of snow. At this point Armand realized that his company would have to significantly diversify its products and services.
Bombardier began producing snowplows made for use on municipal sidewalks in addition to a range of all-terrain vehicles for the oil, mining, and forestry industries.
The company proved to be a great success. In 1964 Joseph-Armand Bombardier died of cancer and he left his company to his sons and sons-in-law. The new team adopted modern business tactics and decentralized the business, which allowed distribution networks to rapidly expand.
In 1967 the team changed the name of the company to Bombardier Limited. That same year Bombardier Limited went public on the Montreal and Toronto markets.
It wasn’t until 1986 that Bombardier made an entrance into the aerospace industry with its acquisition of Canadair – which used to be a Canadian government-owned aircraft manufacturing company.
Bombardier went on to acquire other aircraft manufacturers, including the Kansas based Learjet Company and de Havilland Aircraft of Canada Ltd.
Bombardier’s main product lines include: Business Aircrafts, Commercial Aircrafts, Amphibious Aircrafts, Specialized Aircrafts, Rail Vehicles, Propulsion and Controls, Bogies, Rail Control Solutions, Transportation Systems, and e-Mobility Solutions.
Business jets: Learjet 35, Learjet 55, Bombardier Learjet 40 XR, Bombardier Learjet 45 XR, Bombardier Learjet 60 XR, Bombardier Learjet 70, Bombardier Learjet 75, Bombardier Learjet 85, Bombardier Challenger 300, Bombardier Challenger 30X, Bombardier Challenger 605, Bombardier Challenger 850, Bombardier Global 5000, Bombardier Global Express XRS, Bombardier Global 5000, Bombardier Global 6000, Bombardier Global 7000, Bombardier Global 8000
Commercial jets: Bombardier CRJ100/CRJ200 (50 passengers), Bombardier CRJ700/CRJ900/CRJ1000 (70-100 passengers), Bombardier CSeries (100-160 passengers).
Turboprops: Bombardier CL-215, Bombardier CL-415, DHC Dash 8/Bombardier QSeries, Short 330, Short 360
Military aircraft: Short Tucano
Unmanned aerial vehicles: Bombardier CL-327 Guardian
|Income statement data (in $ millions)||2014*||2013*|
|Cost of sales||$17,534||$15,658|
|Selling, general and administrative expenses||$1,358||$1,417|
|Research and development||$347||$293|
|Share of income of joint ventures and associates||$(89)||$(119)|
|EBIT before special items||$923||$893|
|Net income (loss)||$(1,246)||$572|
|Total comprehensive income (loss)||$(2,191)||$1,4o6|
|Balance sheet data (in $ millions)|
|Common share data (in $)|
|Earnings per Common Share – Basic||$(0.74)||$0.31|
|Earnings per Common Share – Diluted||$(0.74)||$0.31|
|Cash flow data (in $ millions)|
|Cash flows from operating activities||$847||$1,380|
|Cash flows from investing activities||$(1,956)||$(2,261)|
|Cash flows from financing activities||$370||$1,723|
|Cash and cash equivalents balance at beginning of year||$3,397||$2,557|
|Cash and cash equivalents balance at end of year||$2,489||$3,397|
*Years Ended December 31
Source: “Bombardier Inc. Financial Report 2014”