The company forecast operating cash flow, a metric closely watched by investors, of more than $9 billion for 2015, up from $8.86 billion reported for 2014.
Boeing's shares rose about 4 percent in premarket trading.
The company's jetliner deliveries rose to 723 in 2014 from 648 the previous year, topping those by rival Airbus Group (AIR.PA).
Commercial aircraft deliveries rose 13 percent to 195 in the fourth quarter ended Dec. 31.
Boeing's net profit rose to $1.47 billion, or $2.02 per share, in the quarter from $1.23 billion, or $1.61 per share, a year earlier.
Core earnings, which exclude pension and other costs, rose to $2.31 per share from $1.88.
Revenue increased by 3 percent to $24.47 billion.
Boeing forecast core earnings of $8.20-8.40 per share for 2015.
Shares of the Dow-30 component were trading at $137.79 before the bell.
Up to Tuesday's close, the stock had fallen 3.4 percent in the past 52 weeks, while the Dow Jones Industrial Average .DJI has risen 9.2 percent.

(Reporting by Sweta Singh in Bengaluru; Editing by Sriraj Kalluvila and Kirti Pandey)
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Aerospace & Defense