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
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 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 7,752 10,564 19,992 15,039
Short-term and other investments 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 17,838 16,552 12,438 488
Accounts receivable, net 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 1,955 2,762 2,793 3,211
Unbilled receivables, net 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 7,995 8,860 8,570 9,365
Current portion of financing receivables, net 202 207 457 60 57 99 88 85 133 154 155 159 157 117 76 74 93 101 100 115 149
Inventories 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 81,715 86,961 83,745 80,020
Other current assets, net 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 4,286 5,213 2,624 2,739
Current assets 127,662 127,998 109,436 114,439 106,532 109,275 106,935 107,412 108,811 109,523 109,251 106,000 106,012 108,666 116,888 119,095 119,945 121,642 131,012 130,277 111,011
Financing receivables and operating lease equipment, net 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 1,936 2,010 2,054 2,116
Property, plant and equipment, net of accumulated depreciation 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 11,820 11,969 12,182 12,405
Goodwill 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 8,081 8,071 8,064 8,057
Acquired intangible assets, net 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 2,843 2,941 3,019 3,256
Deferred income taxes 137 185 44 68 59 64 66 65 63 77 106 91 77 74 84 79 86 704 729 678
Investments 1,001 999 1,030 1,026 1,042 1,035 1,061 1,025 969 983 979 981 992 975 963 883 980 1,016 1,052 1,066 1,124
Other assets, net of accumulated amortization 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 4,712 3,502 5,481 4,428
Long-term assets 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 30,494 30,249 32,595 32,064
Total assets 156,494 156,363 137,695 142,720 134,484 137,012 134,281 134,774 136,347 137,100 137,558 135,479 135,801 138,552 146,846 148,935 150,035 152,136 161,261 162,872 143,075

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Cash and cash equivalents
Cash levels exhibited significant volatility over the periods observed. An initial decline from March 2020 to December 2020 was followed by periods of increase and subsequent fluctuation, peaking notably at multiple points, including June 2020 and December 2023. This pattern suggests reactive liquidity management possibly in response to operational or market conditions.
Short-term and other investments
Short-term investments showed a dramatic rise in the early periods, particularly from March to December 2020, followed by a pronounced decline during 2022. Since early 2023, these investments displayed a mixed but relatively low valuation compared to prior peaks, indicating possible reallocation or divestment.
Accounts receivable, net
This asset fluctuated moderately without a clear long-term trend, displaying occasional increases and decreases, suggestive of typical business cycle variations in billing and collections.
Unbilled receivables, net
Unbilled receivables maintained considerable stability with minor fluctuations over the entire period, indicative of a relatively steady pipeline of revenues not yet invoiced.
Current portion of financing receivables, net
This category remained relatively low and stable until a sharp spike in September 2024, which might represent collection efforts or timing shifts in financing activities.
Inventories
Inventory levels were generally steady with a slight upward trend, experiencing minor cyclical highs and lows. This suggests prudent inventory management aligned with production planning and sales expectations.
Other current assets, net
Other current assets showed variability, with some notable peaks early in the timeline and mid-2023, possibly reflecting timing differences in prepaid expenses or short-term receivables.
Current assets
Current assets followed a trajectory similar to cash and investments, peaking strongly in mid-2020 and late 2024, with interim declines suggesting shifts between asset categories or operational impacts.
Financing receivables and operating lease equipment, net
A consistent decrease in this asset category was observed, reflecting a possible reduction in leasing operations or financing arrangements over time.
Property, plant and equipment, net
The net value of property, plant, and equipment gradually declined from early 2020 through 2022, before stabilizing and showing slight increases by the end of the period, which may indicate controlled depreciation and selective investment.
Goodwill
Goodwill remained effectively stable, with minimal fluctuations, implying no major acquisitions or impairments during the timeframe.
Acquired intangible assets, net
There was a steady decline in net acquired intangible assets, consistent with amortization over time without significant additions.
Deferred income taxes
Deferred income taxes presented fluctuations with occasional missing data. The values generally stayed low, indicating manageable deferred tax positions without substantial volatility.
Investments
Investments remained relatively stable with minor variations, reflecting consistent longer-term investment policies.
Other assets, net of accumulated amortization
Other long-term assets showed variable trends, with alternating rises and declines, suggesting adjustments in non-core or miscellaneous assets.
Long-term assets
Overall long-term assets decreased moderately through the periods, with some rebound towards late 2024, indicating steady asset management and possible capital investments or reclassifications.
Total assets
Total assets peaked in mid-2020 at over 162 billion USD, declined through 2021 and early 2023, then increased notably to over 156 billion USD by late 2024 and early 2025. This cycle likely reflects operational adjustments, asset revaluations, and financial structuring adapting to external conditions.

Assets: Selected Items


Current Assets: Selected Items