Common-Size Balance Sheet: Assets
Quarterly Data
Boeing Co., common-size consolidated balance sheet: assets (quarterly data)
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
- The proportion of cash and cash equivalents relative to total assets showed variability over the examined periods. Starting from 10.51% in early 2020, it declined to a low near 4.7% in early 2021, followed by periodic increases and decreases, peaking again around 10.66% at the end of 2022. In 2024, it fluctuated between approximately 5.14% and 8.83%, ending at 6.48% by the first quarter of 2025. This indicates an oscillating liquidity position with no clear trend of consistent accumulation or depletion.
- Short-term and Other Investments
- This asset category experienced a marked rise early in 2020, peaking at over 11% in late 2020, then entered a declining phase through most of 2021 and 2022, reaching lows below 1% in mid-2022. It slightly recovered towards the end of 2022 and fluctuated again in 2023 and 2024 with a sharp increase reported near the end of 2024. The pattern suggests active portfolio adjustments or shifts in investment strategy.
- Accounts Receivable, Net
- The proportion of net accounts receivable to total assets remained relatively stable throughout the periods, fluctuating mildly around 1.5% to 2.2%. Minor quarterly variations were observed without any pronounced trend upward or downward, indicating steady sales on credit and collections consistency.
- Unbilled Receivables, Net
- This component stayed fairly stable, generally ranging between 5.2% and 7.2%. There were minor rises and declines, with occasional peaks just above 7%, but no definitive trend was evident, suggesting a consistent backlog or work-in-progress billing relative to total assets.
- Current Portion of Financing Receivables, Net
- The current portion of financing receivables constituted a very small and generally stable percentage, mostly below 0.1%, with some fluctuations measured around 0.1% to 0.33%. Notably, a spike occurred in late 2024 to 0.33%, indicating a possible one-off event or shift in short-term financing receivables.
- Inventories
- Inventories represented the largest asset component, consistently high, ranging from about 51% early in 2020 up to around 62% during mid-2024. After peaking in 2024, the level slightly decreased but remained above 55%. This steady dominance suggests inventory is a crucial part of asset composition, with a notable increase in 2024 indicating possible stock buildup or production scaling.
- Other Current Assets, Net
- Other current assets fluctuated moderately between approximately 1.5% and 3.2%, without a clear directional trend. This stability indicates minor adjustments in miscellaneous current asset categories over time.
- Current Assets (Aggregate)
- The aggregate proportion of current assets remained consistently high, near 78% to 82% across all periods, reflecting a composition strongly weighted towards liquidity and short-term resources. This stability hints at a conservative asset allocation favoring current holdings.
- Financing Receivables and Operating Lease Equipment, Net
- The share of financing receivables and operating lease equipment declined gradually from around 1.48% in early 2020 down to about 0.2% by early 2025. This downtrend may indicate reduced investment in leases or financing activities over time.
- Property, Plant and Equipment, Net
- Property, plant, and equipment showed relative stability with minor fluctuations between approximately 7.3% and 8.16%, suggesting consistent capital investment and depreciation patterns without significant additions or disposals.
- Goodwill
- Goodwill held a fairly stable proportion near 5% to 6%, with slight increases and decreases but no dramatic shifts, indicating stable acquisition-related intangible asset values without large impairments or new goodwill recognition events.
- Acquired Intangible Assets, Net
- This category showed a slow and steady decline from about 2.28% in early 2020 to around 1.22% in early 2025, reflecting amortization and limited acquisition of new intangible assets.
- Deferred Income Taxes
- Deferred income taxes as a percentage of assets were generally low, mostly below 0.1%, with some irregularities and missing data points. Variations suggest minor fluctuations in deferred tax positions without significant impact on total assets.
- Investments
- Investments remained a small but stable portion of total assets, around 0.6% to 0.8%, with only slight variation, indicating consistent investment holdings.
- Other Assets, Net of Accumulated Amortization
- Other assets gradually increased as a proportion, moving from around 2% to above 4%, demonstrating growth in miscellaneous long-term assets or decreased amortization rates relative to total assets.
- Long-term Assets (Aggregate)
- Long-term asset proportions decreased moderately from about 22.4% in early 2020 to below 20% by early 2025, fluctuating in the interim. This decline corresponds with growth in short-term assets and indicates a possible shift in asset strategy emphasizing liquidity.
- Total Assets
- Total assets were consistently represented as 100% across all periods, serving as the basis for the analyzed proportional data.