Common-Size Balance Sheet: Assets
Quarterly Data
Boeing Co., common-size consolidated balance sheet: assets (quarterly data)
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
- The ratio of cash and cash equivalents to total assets experienced fluctuations between 2020 and 2025. It began at 10.51% in the first quarter of 2020, experienced a sharp decline reaching a low near 4%-5% in several quarters throughout 2021 and 2023, and showed intermittent recoveries, peaking around 10.66% by the end of 2022. By mid-2025, it declined again to approximately 4.11%, indicating variability and a possible tightening of liquid asset holdings over the period.
- Short-Term and Other Investments
- This category exhibited an overall upward trajectory after an initial increase from 0.34% in Q1 2020 to a high near 11.73% in Q4 2020. Subsequently, it declined across 2021 and early 2022 but recovered notably by mid-2025, reaching over 11%. This suggests strategic shifts in short-term investment allocations, with increased investment in later periods.
- Accounts Receivable, Net
- Accounts receivable as a percentage of total assets remained relatively stable around the 1.5%-2.3% range, showing slight increases toward 2023 and subsequent quarters, indicating consistent credit sales or receivables management without substantial growth or deterioration.
- Unbilled Receivables, Net
- This item showed moderate stability fluctuating primarily between 5.2% and 7.2%, peaking around early 2023 and mid-2024. The relatively steady trend suggests the company maintained similar levels of work-in-progress or revenue recognition policies over the period, with no significant volatility.
- Current Portion of Financing Receivables, Net
- This ratio remained very low and stable mostly under 0.1%, with a minor spike to 0.33% in Q3 2024. The consistently minimal values indicate that financing receivables formed a very small part of current assets.
- Inventories
- Inventories composed a dominant portion of total assets throughout the period, generally ranging between 51% and 62%. The levels trended upward from around 56% in early 2020 to a peak over 62% in 2024, before decreasing slightly towards mid-2025. This represents a significant and sustained investment in inventory, with possible implications for working capital management and production levels.
- Other Current Assets, Net
- Other current assets showed minor fluctuations, mostly within a 1.5%-2.3% range. No pronounced upward or downward trends are apparent, indicating a steady profile over time.
- Assets Held for Sale
- Data for assets held for sale is available only in the final two quarters, showing a small ratio near 0.94% rising slightly to 0.98%, suggesting recent divestitures or planned disposals.
- Current Assets
- The total current assets ratio consistently hovered near 80%, illustrating that current assets constitute the majority of total assets. The stability in this high proportion reflects a strong current asset base relative to long-term assets.
- Financing Receivables and Operating Lease Equipment, Net
- This long-term asset category generally declined over time, from approximately 1.5% in early 2020 to below 0.2% by 2025. This downward trend points toward divestment or reduced emphasis on financing receivables and lease equipment as asset components.
- Property, Plant and Equipment, Net
- This category maintained a range between roughly 7.3% and 8.2%, with minor oscillations showing a generally stable investment in tangible long-lived assets.
- Goodwill
- The goodwill proportion showed slight fluctuations, increasing from around 5.63% early in 2020 to a peak near 6.01% in late 2021 and early 2023, before decreasing to about 4.69%-4.85% by 2025. This indicates some impairment or disposal events or adjustments to goodwill balances over time.
- Acquired Intangible Assets, Net
- A gradual decrease is observed in intangible assets as a percentage of total assets, declining from above 2.2% in early 2020 to about 1.0% in 2025. This steady reduction could be attributable to amortization or asset disposals.
- Deferred Income Taxes
- The deferred income taxes proportion remained very low and relatively steady, mostly near or below 0.1%, indicating limited net deferred tax assets or liabilities relative to total assets.
- Investments
- Investments as a percentage of total assets stayed stable around 0.6%-0.8%, demonstrating a consistent allocation in longer-term or other investment vehicles.
- Other Assets, Net of Amortization
- Other assets showed mild variability, generally ranging from about 3% to 4%, with occasional increases near 4% observed in 2021 and 2024. These moderate fluctuations suggest some changes in other asset components.
- Long-Term Assets
- The ratio of long-term assets to total assets hovered between approximately 17% and 22%, showing a slight downward trend in the later years. This decrease accompanies the increasing proportion of current assets and reflects changes in asset composition toward more liquid or current assets.