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
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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 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 7,752 10,564 19,992 15,039
Short-term and other investments 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 17,838 16,552 12,438 488
Accounts receivable, net 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 1,955 2,762 2,793 3,211
Unbilled receivables, net 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 7,995 8,860 8,570 9,365
Current portion of financing receivables, net 16 202 207 457 60 57 99 88 85 133 154 155 159 157 117 76 74 93 101 100 115 149
Inventories 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 81,715 86,961 83,745 80,020
Other current assets, net 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 4,286 5,213 2,624 2,739
Assets held for sale 1,473 1,451
Current assets 122,132 127,301 127,662 127,998 109,436 114,439 106,532 109,275 106,935 107,412 108,811 109,523 109,251 106,000 106,012 108,666 116,888 119,095 119,945 121,642 131,012 130,277 111,011
Financing receivables and operating lease equipment, net 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 1,936 2,010 2,054 2,116
Property, plant and equipment, net of accumulated depreciation 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 11,820 11,969 12,182 12,405
Goodwill 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 8,081 8,071 8,064 8,057
Acquired intangible assets, net 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 2,843 2,941 3,019 3,256
Deferred income taxes 44 136 137 185 44 68 59 64 66 65 63 77 106 91 77 74 84 79 86 704 729 678
Investments 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 1,016 1,052 1,066 1,124
Other assets, net of accumulated amortization 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 4,712 3,502 5,481 4,428
Long-term assets 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 30,494 30,249 32,595 32,064
Total assets 150,023 155,120 156,494 156,363 137,695 142,720 134,484 137,012 134,281 134,774 136,347 137,100 137,558 135,479 135,801 138,552 146,846 148,935 150,035 152,136 161,261 162,872 143,075

Based on: 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), 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 and cash equivalents fluctuated over the analyzed periods, beginning at approximately $15 billion and exhibiting considerable volatility. A peak occurred mid-2020 with nearly $20 billion, followed by a decline reaching lows near $6 billion. The periods following show intermittent recoveries, but overall, the trend signifies variable liquidity levels with a tendency towards reduction in the later stages.
Short-term and Other Investments
Short-term and other investments displayed significant fluctuations, peaking around mid-2020 with over $17 billion and declining steadily thereafter to a low near $509 million in early 2024. Subsequently, there was a notable resurgence, achieving upward trends toward $16-17 billion again by late 2025. This variability may indicate shifts in investment strategy or liquidity management.
Accounts Receivable, Net
Accounts receivable showed relative stability with minor oscillations between approximately $2.5 billion and $3.3 billion. The values remained within a consistent range without drastic changes, signifying steady credit sales or collections.
Unbilled Receivables, Net
Unbilled receivables remained fairly stable around $8.3 billion to $10 billion, with minor cyclical movements. Periodic increases suggest ongoing contract activity and revenue recognition trends that fluctuate slightly but maintain a consistent overall volume.
Current Portion of Financing Receivables, Net
This item generally decreased from around $149 million to very low levels by 2025, with occasional spikes such as $457 million near late 2023. The downward pattern indicates a reduction in short-term financing assets or faster collections over time, aside from isolated irregular increases.
Inventories
Inventories displayed moderate growth with seasonal and cyclical movements, starting near $80 billion and peaking slightly above $89 billion before tailing down. The general trend suggests steady management of inventory levels relative to operational needs.
Other Current Assets, Net
Other current assets fluctuated without a clear upward or downward trend, remaining mostly between $2 billion and $3 billion. Occasional spikes and dips reflect normal working capital variations or reclassification of assets.
Assets Held for Sale
Assets held for sale appeared only in the final two periods with values around $1.4 billion, indicating new dispositions or restructuring activities emerging late in the observed timeline.
Current Assets
Current assets peaked above $130 billion mid-2020, then followed a declining trend toward approximately $122 billion by the end, with notable variability between quarters. This pattern suggests changes in liquidity or operational cycles impacting short-term asset composition.
Financing Receivables and Operating Lease Equipment, Net
These long-term assets gradually decreased from approximately $2.1 billion to below $250 million by late 2025, suggesting asset disposals, reduced financing activities, or lease terminations over time.
Property, Plant and Equipment, Net of Accumulated Depreciation
Property, plant, and equipment demonstrated a slow but steady decline from about $12.4 billion to around $12.1 billion, with a slight increase toward the end. This stability implies consistent capital asset management and limited large-scale additions or disposals.
Goodwill
Goodwill remained broadly stable near $8 billion with minor fluctuations until a decline to approximately $7.3 billion near the end, indicating possible impairments or asset revaluations late in the period.
Acquired Intangible Assets, Net
Acquired intangible assets consistently decreased from about $3.3 billion to below $1.5 billion, indicating amortization or disposal of intangible assets over time.
Deferred Income Taxes
Deferred income taxes fluctuated considerably with no clear directional trend due to missing data points, ranging from low tens to over $180 million in certain periods. The irregularities may correspond to changes in tax positions or deferred tax asset/utilization strategies.
Investments
Investments remained relatively steady around $1 billion, fluctuating slightly but showing no significant trends, suggesting stable investment holdings in the long term.
Other Assets, Net of Accumulated Amortization
Other assets experienced fluctuations between approximately $3.5 billion and $6 billion with no definitive trend, reflecting varying asset compositions or reclassifications across periods.
Long-term Assets
Long-term assets remained mostly stable around $28 billion, with minimal declines observed. The consistency points to steady management of non-current resource bases.
Total Assets
Total assets peaked near $162 billion in mid-2020, followed by a downward trajectory to around $137 billion in early 2024. An increase beyond $156 billion occurred by mid-2025 but declined slightly at the end. Overall, total asset levels showed volatility with an initial peak, subsequent decline, partial recovery, and stabilization.

Assets: Selected Items


Current Assets: Selected Items