Stock Analysis on Net

Boeing Co. (NYSE:BA)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Boeing Co., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Accounts payable
Accrued liabilities
Advances and progress billings
Short-term debt and current portion of long-term debt
Liabilities held for sale
Current liabilities
Deferred income taxes
Accrued retiree health care
Accrued pension plan liability, net
Other long-term liabilities
Long-term debt, excluding current portion
Long-term liabilities
Total liabilities
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00
Common stock, par value $5.00
Additional paid-in capital
Treasury stock, at cost
Retained earnings
Accumulated other comprehensive loss
Shareholders’ equity (deficit)
Noncontrolling interests
Total equity (deficit)
Total liabilities and equity (deficit)

Based on: 10-K (reporting date: 2025-12-31), 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).


The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from March 2021 to December 2025. Current liabilities consistently represented the largest portion of total liabilities and equity, generally fluctuating between approximately 58% and 71%. Long-term liabilities, while substantial, generally decreased as a percentage of the total over the period, particularly after 2022. A significant change in the equity structure occurred in late 2024 and early 2025, with a substantial decrease in the percentage represented by shareholders’ equity.

Current Liabilities
Current liabilities demonstrated an overall increasing trend from 59.91% in March 2021 to a peak of 70.66% in September 2024, before decreasing to 64.26% by December 2025. Within current liabilities, advances and progress billings consistently constituted the largest component, ranging from approximately 34% to 43% of the total liabilities and equity. Accounts payable and accrued liabilities also represented significant portions, generally between 7% and 16% each. Short-term debt showed more volatility, peaking at 5.81% in March 2022 before declining to 5.03% in December 2025.
Long-Term Liabilities
Long-term liabilities decreased from 51.98% in March 2021 to 32.49% in December 2025. This decline was primarily driven by a reduction in long-term debt, excluding the current portion, which fell from 38.36% to 27.13% over the same period. Accrued pension plan liability also decreased, moving from 9.31% to 2.55%. Other long-term liabilities remained relatively stable, fluctuating between approximately 1% and 1.9%.
Shareholders’ Equity
Shareholders’ equity experienced a substantial decline, particularly in the latter part of the period. Starting at -11.89% in March 2021, it decreased to -17.11% in September 2024, and then increased to 3.24% in December 2025. This shift was largely influenced by significant changes in treasury stock, which moved from -34.92% to -16.66%, and retained earnings, which decreased from 25.38% to 10.25%. Common stock and additional paid-in capital remained relatively stable as percentages of the total, while accumulated other comprehensive loss showed a gradual decrease in magnitude.
Deferred Income Taxes & Other Items
Deferred income taxes remained a small percentage of the total, generally below 1%. Accrued retiree health care also represented a relatively small, but consistent, portion, decreasing from 2.72% to 1.24%. Liabilities held for sale were not present for the majority of the period, appearing only in the later quarters of 2025, representing less than 1% of the total.

The observed trends suggest a shift in the company’s financing structure, with a greater reliance on current liabilities and a significant change in the equity position. The decrease in long-term debt may indicate a focus on reducing financial leverage, while the fluctuations in shareholders’ equity warrant further investigation to understand the underlying drivers, such as share repurchases or changes in profitability.