Stock Analysis on Net

Boeing Co. (NYSE:BA)

Adjustments to Financial Statements

Microsoft Excel

Adjustments to Current Assets

Boeing Co., adjusted current assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current assets 127,998 109,275 109,523 108,666 121,642
Adjustments
Add: Valuation allowance 92 89 116 390 444
After Adjustment
Adjusted current assets 128,090 109,364 109,639 109,056 122,086

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Adjustments to Total Assets

Boeing Co., adjusted total assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total assets 156,363 137,012 137,100 138,552 152,136
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Valuation allowance 92 89 116 390 444
Less: Deferred tax assets2 185 59 63 77 86
After Adjustment
Adjusted total assets 156,270 137,042 137,153 138,865 152,494

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred tax assets. See details »


Adjustments to Current Liabilities

Boeing Co., adjusted current liabilities

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Current liabilities 97,078 95,827 90,052 81,992 87,280
Adjustments
Less: Current product warranties 2,133 2,448 2,275 1,900 1,527
After Adjustment
Adjusted current liabilities 94,945 93,379 87,777 80,092 85,753

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Adjustments to Total Liabilities

Boeing Co., adjusted total liabilities

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Total liabilities 160,277 154,240 152,948 153,398 170,211
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred tax liabilities2 122 229 230 218 1,010
Less: Product warranties 2,133 2,448 2,275 1,900 1,527
After Adjustment
Adjusted total liabilities 158,022 151,563 150,443 151,280 167,674

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred tax liabilities. See details »


Adjustments to Stockholders’ Equity

Boeing Co., adjusted shareholders’ deficit

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Shareholders’ deficit (3,908) (17,233) (15,883) (14,999) (18,316)
Adjustments
Less: Net deferred tax assets (liabilities) after valuation allowance1 63 (170) (167) (141) (924)
Add: Valuation allowance 92 89 116 390 444
Add: Product warranties 2,133 2,448 2,275 1,900 1,527
Add: Noncontrolling interests (6) 5 35 153 241
After Adjustment
Adjusted total deficit (1,752) (14,521) (13,290) (12,415) (15,180)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Net deferred tax assets (liabilities) after valuation allowance. See details »


Adjustments to Capitalization Table

Boeing Co., adjusted capitalization table

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Short-term debt and current portion of long-term debt 1,278 5,204 5,190 1,296 1,693
Long-term debt, excluding current portion 52,586 47,103 51,811 56,806 61,890
Total reported debt 53,864 52,307 57,001 58,102 63,583
Shareholders’ deficit (3,908) (17,233) (15,883) (14,999) (18,316)
Total reported capital 49,956 35,074 41,118 43,103 45,267
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current portion of operating lease liabilities2 324 296 276 268 268
Add: Non-current portion of operating lease liabilities (included in Other long-term liabilities)3 1,770 1,518 1,305 1,271 1,084
Adjusted total debt 55,958 54,121 58,582 59,641 64,935
Adjustments to Equity
Less: Net deferred tax assets (liabilities) after valuation allowance4 63 (170) (167) (141) (924)
Add: Valuation allowance 92 89 116 390 444
Add: Product warranties 2,133 2,448 2,275 1,900 1,527
Add: Noncontrolling interests (6) 5 35 153 241
Adjusted total deficit (1,752) (14,521) (13,290) (12,415) (15,180)
After Adjustment
Adjusted total capital 54,206 39,600 45,292 47,226 49,755

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current portion of operating lease liabilities. See details »

3 Non-current portion of operating lease liabilities (included in Other long-term liabilities). See details »

4 Net deferred tax assets (liabilities) after valuation allowance. See details »


Adjustments to Reported Income

Boeing Co., adjusted net loss attributable to Boeing Shareholders

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Net loss attributable to Boeing Shareholders (11,817) (2,222) (4,935) (4,202) (11,873)
Adjustments
Add: Deferred income tax expense (benefit)1 (302) 30 (11) (843) 1,264
Add: Increase (decrease) in valuation allowance 3 (27) (274) (54) 371
Add: Increase (decrease) in product warranties (315) 173 375 373 260
Add: Other comprehensive income (loss), net of tax (610) (755) 2,109 5,474 (980)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest (12) (20) (118) (88) (68)
After Adjustment
Adjusted net loss (13,053) (2,821) (2,854) 660 (11,026)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Deferred income tax expense (benefit). See details »