Stock Analysis on Net

Boeing Co. (NYSE:BA)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Boeing Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 11,964 10,200 9,261 12,928 15,553
Accrued compensation and employee benefit costs 6,721 6,351 6,037 7,121 5,582
737 MAX customer concessions and other considerations 1,327 1,864 2,940 5,537 7,389
Other customer concessions and considerations 1,300 1,102 240
Department of Justice agreement liability 744
Environmental 844 752 605 565 570
Product warranties 2,448 2,275 1,900 1,527 1,267
Forward loss recognition 4,699 4,060 2,014 1,913 1,681
Accrued interest payable 652 599 641
Dividends payable 1,159
Current portion of operating lease liabilities 296 276 268 268 252
Current portion of retiree healthcare and pension liabilities 473 494 536
Other 3,571 3,808 3,274 4,496 4,968
Accrued liabilities 22,331 21,581 18,455 22,171 22,868
Advances and progress billings 56,328 53,081 52,980 50,488 51,551
Short-term debt and current portion of long-term debt 5,204 5,190 1,296 1,693 7,340
Current liabilities 95,827 90,052 81,992 87,280 97,312
Deferred income taxes 229 230 218 1,010 413
Accrued retiree health care 2,233 2,503 3,528 4,137 4,540
Accrued pension plan liability, net 6,516 6,141 9,104 14,408 16,276
Other long-term liabilities 2,332 2,211 1,750 1,486 3,422
Long-term debt, excluding current portion 47,103 51,811 56,806 61,890 19,962
Long-term liabilities 58,413 62,896 71,406 82,931 44,613
Total liabilities 154,240 152,948 153,398 170,211 141,925
Common stock, par value $5.00 5,061 5,061 5,061 5,061 5,061
Additional paid-in capital 10,309 9,947 9,052 7,787 6,745
Treasury stock, at cost (49,549) (50,814) (51,861) (52,641) (54,914)
Retained earnings 27,251 29,473 34,408 38,610 50,644
Accumulated other comprehensive loss (10,305) (9,550) (11,659) (17,133) (16,153)
Shareholders’ deficit (17,233) (15,883) (14,999) (18,316) (8,617)
Noncontrolling interests 5 35 153 241 317
Total deficit (17,228) (15,848) (14,846) (18,075) (8,300)
Total liabilities and deficit 137,012 137,100 138,552 152,136 133,625

Based on: 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), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Boeing Co. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Boeing Co. long-term liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Boeing Co. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Shareholders’ deficit Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Boeing Co. shareholders’ deficit decreased from 2021 to 2022 and from 2022 to 2023.