Name: Boeing Co. (NYSE:BA) | Common-Size Assets
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Assets

Boeing Co., common-size consolidated balance sheet: assets

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	8.83%	9.26%	10.66%	5.81%	5.10%
Short-term and other investments	7.98%	2.39%	1.90%	5.91%	11.73%
Accounts receivable, net	1.68%	1.93%	1.84%	1.91%	1.29%
Unbilled receivables, net	5.35%	6.07%	6.30%	6.22%	5.26%
Current portion of financing receivables, net	0.13%	0.07%	0.11%	0.08%	0.07%
Inventories	55.99%	58.20%	57.00%	56.89%	53.71%
Other current assets, net	1.90%	1.83%	2.08%	1.60%	2.82%
Current assets	81.86%	79.76%	79.89%	78.43%	79.96%
Financing receivables and operating lease equipment, net	0.20%	0.63%	1.06%	1.22%	1.27%
Property, plant and equipment, net	7.30%	7.78%	7.70%	7.88%	7.77%
Goodwill	5.17%	5.91%	5.88%	5.82%	5.31%
Acquired intangible assets, net	1.25%	1.53%	1.69%	1.85%	1.87%
Deferred income taxes	0.12%	0.04%	0.05%	0.06%	0.06%
Investments	0.64%	0.76%	0.72%	0.70%	0.67%
Other assets, net of accumulated amortization	3.46%	3.60%	3.04%	4.04%	3.10%
Long-term assets	18.14%	20.24%	20.11%	21.57%	20.04%
Total assets	100.00%	100.00%	100.00%	100.00%	100.00%

Based on: 10-K (reporting date: 2024-12-31), 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).

Cash and Cash Equivalents: The proportion of cash and cash equivalents relative to total assets increased from 5.1% in 2020 to a peak of 10.66% in 2022, followed by a slight decline to 8.83% in 2024. This indicates a notable accumulation of liquid assets particularly in 2022, with a moderate reduction in subsequent years.
Short-term and Other Investments: There was a marked decrease in short-term and other investments as a percentage of total assets from 11.73% in 2020 to 1.9% in 2022. However, this category rebounded to 7.98% by 2024, suggesting a strategic reallocation or recovery in investment holdings after a significant decline.
Accounts Receivable, Net: The percentage of accounts receivable relative to total assets exhibited minor fluctuations, rising from 1.29% in 2020 to 1.93% in 2023, before decreasing slightly to 1.68% in 2024. This overall stability implies consistent credit sales or collection practices over the period.
Unbilled Receivables, Net: Unbilled receivables remained relatively steady, increasing marginally from 5.26% in 2020 to 6.3% in 2022, then declining gradually to 5.35% in 2024. This suggests stable project billing cycles and revenue recognition patterns.
Current Portion of Financing Receivables, Net: This item showed marginal variation, maintaining a low proportion near or below 0.13%, indicating a minimal impact on the asset structure from short-term financing receivables.
Inventories: Inventories consistently represented the largest current asset component, increasing from 53.71% in 2020 to 58.2% in 2023, with a slight reduction to 55.99% in 2024. This trend indicates growing investment in inventories, possibly reflecting buildup in materials or completed goods, with a minor easing in the final year.
Other Current Assets, Net: This category experienced a decline from 2.82% in 2020 to 1.6% in 2021, followed by small fluctuations, ending at 1.9% in 2024. Such changes are marginal and suggest relatively stable other current asset levels.
Current Assets: Overall current assets maintained a stable proportion of total assets, hovering around 79-82%, evidencing a consistent asset allocation heavily weighted towards current assets throughout the period.
Financing Receivables and Operating Lease Equipment, Net: A downward trend is observed here, with the ratio declining significantly from 1.27% in 2020 to 0.2% in 2024. This sharp decrease reflects a reduction in financing receivables and operating lease equipment assets, possibly due to asset disposals or changes in financing strategy.
Property, Plant and Equipment, Net: The share of property, plant, and equipment in total assets remained fairly stable, fluctuating marginally around 7.7-7.8%, with a slight decrease to 7.3% in 2024, indicating a consistent capital asset base.
Goodwill: Goodwill as a percentage of total assets showed a mild upward trend from 5.31% in 2020 to 5.91% in 2023 but declined to 5.17% in 2024, suggesting modest adjustments in intangible asset valuations or acquisitions.
Acquired Intangible Assets, Net: This category steadily decreased from 1.87% in 2020 to 1.25% in 2024, indicating amortization or disposal effects on intangible assets acquired through business combinations.
Deferred Income Taxes: The deferred income taxes proportion remained low and stable around 0.04-0.06% until a slight increase to 0.12% in 2024, which may reflect changes in tax assets or liabilities.
Investments: Long-term investments showed minor fluctuation, maintaining levels close to 0.64-0.76%, indicating a steady but minor allocation of assets in this category.
Other Assets, Net of Accumulated Amortization: This category varied between 3.04% and 4.04%, ending at 3.46% in 2024. Despite some fluctuations, it represented a consistent component of total assets.
Long-term Assets: Total long-term assets showed a moderate decline from 20.04% in 2020 to 18.14% in 2024. This trend suggests a relative shift in the asset structure, with a decreasing emphasis on long-term assets versus current assets.
Total Assets: By definition, total assets remain at 100% across all years, serving as the denominator for the proportions reported in other categories.

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