BCO Balance Sheet - Boeing Co

Watchlist Manager

Watchlist

Price: 172.44 EUR -2.53% Market Closed

Market Cap: €106.1B

B	Boeing Co XMUN:BCO	US
	Adani Power Ltd BSE:533096	IN
R	Revo Insurance SpA F:H0O	IT
	Siemens AG MIL:1SIE	DE
L	Levi Strauss & Co F:LV2B	US
A	Ageas SA DUS:FO4N	BE
A	American Electric Power Company Inc DUS:AEP	US
	Bridgestone Corp OTC:BRDCY	JP
B	Broadstone Net Lease Inc F:62XA	US
	Dentsu Group Inc F:DEN	JP
C	Crown Holdings Inc SWB:CWN	US
A	Allianz SE XMUN:ALV	DE
	PayPal Holdings Inc NASDAQ:PYPL	US
	Marico Ltd NSE:MARICO	IN
	JD.com Inc HKEX:89618	CN
	SK Innovation Co Ltd KRX:096775	KR
	Rayonier Inc NYSE:RYN	US
	M P Evans Group PLC F:NYP	UK
I	Intermap Technologies Corp OTC:ITMSF	US
F	Figeac Aero SARL SWB:1F1	FR
C	Colgate-Palmolive (India) Ltd BSE:500830	IN
	Hankyu Hanshin Holdings Inc TSE:9042	JP
C	Computer Forms (Malaysia) Bhd KLSE:CFM	MY
	Lynas Rare Earths Ltd OTC:LYSCF	MY

Financial profile · Q2 FY2026

A delivery-driven recovery constrained by program volatility and capital intensity

Boeing’s financial model is delivery-driven and capital-intensive: revenue and cash generation improve as aircraft output rises, but operating profitability remains volatile because program execution, production costs, and financing expense can overwhelm scale benefits. Heavy investment and periodic equity issuance further separate operational recovery from per-share earnings and free-cash-flow durability.

What is developing

The latest comparable results show meaningful improvement in quarterly revenue, operating performance, and cash generation, but not a changed financial model: TTM operating income remains negative and TTM free cash flow is still slightly below zero. The significance is improving execution and cash timing, not yet durable earnings conversion.

What matters next

Whether quarterly operating cash flow remains positive and TTM free cash flow moves above zero without another large program charge.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	8.8B	8.8B	7.6B	9.5B	7.8B	8.1B	14.6B	12.7B	13.8B	10.9B
Cash Equivalents	8.8B	8.8B	7.6B	9.5B	7.8B	8.1B	14.6B	12.7B	13.8B	10.9B
Short-Term Investments	1.2B	1.2B	927m	545m	17.8B	8.2B	2.6B	3.3B	12.5B	18.5B
Total Receivables	9.3B	11.4B	14.4B	12.5B	10.1B	11.4B	11.3B	11.1B	11.2B	12.1B
Accounts Receivables	8.3B	11.1B	13.9B	12.3B	10B	11.3B	11.2B	11B	11B	12.1B
Other Receivables	995m	309m	460m	162m	101m	117m	154m	99m	207m	0
Inventory	43.2B	61.4B	62.6B	76.6B	81.7B	78.8B	78.2B	79.7B	87.6B	84.7B
Other Current Assets	—	2.4B	2.3B	3.1B	4.3B	2.2B	2.8B	2.5B	3B	2.3B
Total Current Assets	62.5B	85.2B	87.8B	102.2B	121.6B	108.7B	109.5B	109.3B	128B	128.5B
PP&E Net	12.8B	12.7B	12.6B	13.7B	13.1B	12.4B	12B	12.4B	13.6B	17.7B
PP&E Gross	12.8B	12.7B	12.6B	13.7B	13.1B	12.4B	12B	12.4B	13.6B	17.7B
Accumulated Depreciation	(16.9B)	(17.6B)	(18.6B)	(19.3B)	(20.5B)	(20.5B)	(21.4B)	(22.2B)	(23B)	(23.7B)
Intangible Assets	2.5B	2.6B	3.4B	3.3B	2.8B	2.6B	2.3B	2.1B	2B	1.6B
Goodwill	5.3B	5.6B	7.8B	8.1B	8.1B	8.1B	8.1B	8.1B	8.1B	17.3B
Note Receivable	4.1B	3.1B	2.7B	2.4B	1.9B	1.7B	1.5B	860m	74m	—
Long-Term Investments	1.3B	1.3B	1.1B	1.1B	1B	975m	983m	1B	999m	1B
Other Long-Term Assets	1.4B	2B	1.9B	2.8B	3.5B	4.2B	2.8B	3.3B	3.6B	2.2B
Other Assets	5.3B	5.6B	7.8B	8.1B	8.1B	8.1B	8.1B	8.1B	8.1B	17.3B
Total Assets	90B	112.4B	117.4B	133.6B	152.1B	138.6B	137.1B	137B	156.4B	168.2B
Accounts Payable	11.2B	12.2B	12.9B	15.6B	12.9B	9.3B	10.2B	12B	11.4B	13.1B
Accrued Liabilities	13.5B	11.7B	13.1B	20.9B	22.1B	18.5B	21.6B	22.3B	24.1B	27.1B
Short-Term Debt	0	600m	1.9B	6.1B	0	0	0	0	0	0
Current Portion of Long-Term Debt	384m	735m	1.3B	1.2B	1.7B	1.3B	5.2B	5.2B	1.3B	8.5B
Other Current Liabilities	25B	49.4B	52.4B	53.5B	50.5B	53B	53.1B	56.3B	60.3B	59.4B
Deferred Revenue	23.9B	48B	50.7B	51.6B	50.5B	53B	53.1B	56.3B	60.3B	59.4B
Total Current Liabilities	50.1B	74.6B	81.6B	97.3B	87.3B	82B	90.1B	95.8B	97.1B	108.1B
Long-Term Debt	9.6B	9.8B	10.7B	20B	61.9B	56.8B	51.8B	47.1B	52.6B	45.6B
Deferred Income Tax	1.3B	2.2B	1.7B	413m	1B	218m	230m	229m	122m	216m
Minority Interest	60m	57m	71m	317m	241m	153m	35m	5m	(6m)	3m
Other Liabilities	28.1B	24B	23B	24.2B	20B	14.4B	10.9B	11.1B	10.5B	8.8B
Total Liabilities	89.2B	110.7B	117B	142.2B	170.5B	153.6B	153B	154.2B	160.3B	162.8B
Common Stock	5.1B	5.1B	5.1B	5.1B	5.1B	5.1B	5.1B	5.1B	5.1B	5.1B
Retained Earnings	40.7B	49.6B	55.9B	50.6B	38.6B	34.4B	29.5B	27.3B	15.4B	17.3B
Additional Paid In Capital	4.8B	6.8B	6.8B	6.7B	7.8B	9.1B	9.9B	10.3B	19B	21.4B
Unrealized Security Profit/Loss	(2m)	(2m)	0	1m	1m	1m	—	2m	2m	2m
Treasury Stock	(36.1B)	(43.5B)	(52.3B)	(54.9B)	(52.6B)	(51.9B)	(50.8B)	(49.5B)	(32.4B)	(28B)
Other Equity	(13.6B)	(16.4B)	(15.1B)	(16.2B)	(17.1B)	(11.7B)	(9.6B)	(10.3B)	(10.9B)	(10.3B)
Total Equity	817m	1.7B	339m	(8.6B)	(18.3B)	(15B)	(15.9B)	(17.2B)	(3.9B)	5.5B
Total Liabilities & Equity	90B	112.4B	117.4B	133.6B	152.1B	138.6B	137.1B	137B	156.4B	168.2B
Common Shares Outstanding	617.2m	591m	567.6m	562.9m	582.3m	588.9m	597.6m	609.5m	749.2m	784.7m
Preferred Shares Outstanding	—	—	—	—	—	—	—	—	5.8m	5.8m