Stock Analysis on Net

Boeing Co. (NYSE:BA)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Boeing Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents 10,921 6,173 7,087 10,142 13,801 9,961 10,894 6,914 12,691 6,811 7,254 10,812 14,614 13,494 10,090 7,409 8,052 9,764 8,271 7,059
Short-term and other investments 18,479 16,811 15,880 13,532 12,481 509 1,727 615 3,274 6,561 6,508 3,955 2,606 763 1,358 4,873 8,192 10,231 13,071 14,861
Accounts receivable, net 2,921 3,314 3,190 3,204 2,631 2,894 3,155 2,959 2,649 3,032 2,945 2,862 2,517 2,673 2,996 2,407 2,641 2,247 2,490 2,356
Unbilled receivables, net 9,158 9,032 9,261 9,031 8,363 9,356 9,660 9,673 8,317 9,184 9,357 9,689 8,634 9,316 9,394 8,991 8,620 10,009 9,203 8,785
Current portion of financing receivables, net 16 202 207 457 60 57 99 88 85 133 154 155 159 157 117 76 74 93
Inventories 84,679 82,425 87,853 89,077 87,550 83,341 85,661 83,471 79,741 78,972 78,322 78,503 78,151 79,777 79,917 79,819 78,823 81,897 81,799 82,668
Other current assets, net 2,301 2,904 2,563 2,474 2,965 2,918 3,282 2,843 2,504 2,287 2,941 2,857 2,847 3,073 2,086 2,356 2,221 2,664 4,187 4,123
Assets held for sale 1,473 1,451
Current assets 128,459 122,132 127,301 127,662 127,998 109,436 114,439 106,532 109,275 106,935 107,412 108,811 109,523 109,251 106,000 106,012 108,666 116,888 119,095 119,945
Financing receivables and operating lease equipment, net 241 245 318 308 314 321 785 833 860 963 1,105 1,372 1,450 1,513 1,542 1,580 1,695 1,795 1,865 1,895
Property, plant and equipment, net of accumulated depreciation 15,361 12,078 11,658 11,459 11,412 11,236 10,976 10,696 10,661 10,484 10,455 10,493 10,550 10,508 10,617 10,755 10,918 11,113 11,341 11,643
Goodwill 17,275 7,281 7,280 8,091 8,084 8,112 8,108 8,089 8,093 8,069 8,061 8,063 8,057 8,045 8,055 8,065 8,068 8,070 8,076 8,074
Acquired intangible assets, net 1,567 1,495 1,542 1,904 1,957 2,011 2,067 2,034 2,094 2,143 2,194 2,254 2,311 2,371 2,431 2,492 2,562 2,631 2,702 2,773
Deferred income taxes 107 44 136 137 185 44 68 59 64 66 65 63 77 106 91 77 74 84 79
Investments 1,048 1,050 1,036 1,001 999 1,030 1,026 1,042 1,035 1,061 1,025 969 983 979 981 992 975 963 883 980
Other assets, net of accumulated amortization 4,177 5,698 5,849 5,932 5,414 5,505 5,319 5,190 4,935 4,562 4,456 4,320 4,163 4,814 5,747 5,814 5,591 5,312 4,889 4,646
Long-term assets 39,776 27,891 27,819 28,832 28,365 28,259 28,281 27,952 27,737 27,346 27,362 27,536 27,577 28,307 29,479 29,789 29,886 29,958 29,840 30,090
Total assets 168,235 150,023 155,120 156,494 156,363 137,695 142,720 134,484 137,012 134,281 134,774 136,347 137,100 137,558 135,479 135,801 138,552 146,846 148,935 150,035

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset composition of the company exhibits notable fluctuations over the analyzed period, spanning from March 2021 to December 2025. Current assets demonstrate a generally stable pattern with a significant increase in the latter part of the period, while long-term assets show a more complex trajectory.

Cash and Cash Equivalents
Cash and cash equivalents experienced volatility. A peak was observed in September 2021, followed by a decline, and then a resurgence reaching a high in December 2022. Subsequently, levels decreased before increasing again in December 2024 and remaining relatively stable through June 2025. This suggests active cash management or cyclical business needs.
Short-term and Other Investments
A consistent downward trend in short-term and other investments is apparent from March 2021 through September 2022. A substantial increase occurred in December 2024, continuing into June 2025, indicating a shift in investment strategy or the realization of prior investments. The values in the latter part of the period are significantly higher than earlier values.
Receivables
Accounts receivable, net, and unbilled receivables, net, remained relatively stable throughout the period, with minor fluctuations. Both exhibited a slight increase in the latter half of 2023 and early 2024, before returning to more consistent levels. The current portion of financing receivables, net, remained small and relatively stable until a significant increase in September 2024, followed by a decrease.
Inventories
Inventories remained consistently high throughout the observed period, fluctuating within a narrow range. A slight increase is observed towards the end of the period, reaching a peak in March 2024, before decreasing slightly in June 2025. This suggests a consistent level of production or a strategic inventory holding policy.
Long-Term Assets
Long-term assets, encompassing property, plant, and equipment, goodwill, and intangible assets, generally decreased from 2021 to 2022. Goodwill experienced a substantial increase in December 2025, driving a significant overall increase in long-term assets. Acquired intangible assets, net, showed a steady decline over the period. Deferred income taxes remained relatively stable, with a notable increase in December 2025. Investments showed a slight increase over the period. Other assets, net of accumulated amortization, fluctuated but generally decreased towards the end of the period.
Total Assets
Total assets decreased from March 2021 to December 2022, then increased significantly in 2024 and 2025, largely driven by the increase in long-term assets, particularly goodwill. The substantial increase in total assets in the final period suggests a significant event, such as an acquisition or revaluation of assets.

Overall, the company’s asset base demonstrates a dynamic pattern. The increase in cash and investments in late 2024 and 2025, coupled with the significant rise in goodwill, warrants further investigation to understand the underlying strategic decisions and their potential impact on future financial performance.


Assets: Selected Items


Current Assets: Selected Items