Boeing Co. (NYSE:BA)

The annual financial data reveals several key trends in the company's current assets over the five-year period ending in 2024.

Current Assets

Current assets show a fluctuating trend, decreasing from 121,642 million US$ in 2020 to 108,666 million US$ in 2021. Thereafter, the figures stabilize somewhat, with a slight increase to 109,523 million US$ in 2022 and a marginal decline to 109,275 million US$ in 2023. A notable recovery occurs in 2024, where current assets rise significantly to 127,998 million US$, surpassing the 2020 level.

Adjusted Current Assets

Adjusted current assets reflect a similar pattern to current assets, starting at 122,086 million US$ in 2020 and dropping to 109,056 million US$ in 2021. This figure remains relatively stable through 2022 and 2023 at approximately 109,600 million US$ and 109,364 million US$ respectively. By 2024, adjusted current assets increase markedly to 128,090 million US$, indicating a strong upward movement parallel to the current assets.

Overall, the data indicates that the company's liquidity position, as measured by current and adjusted current assets, experienced a decline during the initial years, followed by stability and then a significant increase in the final year reported. This upward trend in 2024 may suggest improved operational performance, better working capital management, or inflows of current asset resources, leading to enhanced short-term financial health.

The financial data reveals fluctuations in the total assets and adjusted total assets over the five-year period. Both metrics demonstrate a general pattern of decline followed by a recovery.

Total Assets

Total assets decreased from US$ 152,136 million in 2020 to US$ 138,552 million in 2021. This decline continued slightly into 2022, with total assets at US$ 137,100 million, remaining relatively stable in 2023 at US$ 137,012 million. However, there is a notable increase in 2024, with total assets rising to US$ 156,363 million, surpassing the 2020 level.

Adjusted Total Assets

Adjusted total assets followed a similar trend, starting at US$ 152,494 million in 2020 and decreasing to US$ 138,865 million in 2021. The figure then declined slightly to US$ 137,153 million in 2022 and remained nearly unchanged in 2023 at US$ 137,042 million. By 2024, adjusted total assets increased substantially to US$ 156,270 million, mirroring the trend observed in total assets.

The data suggests a period of contraction in asset base during 2021 and 2022, stabilization in 2023, and significant expansion in 2024. The parallel movement of total assets and adjusted total assets indicates consistency in the adjustments applied over the years. The recovery in 2024 may imply strategic asset acquisitions, improved operational performance, or revaluation adjustments contributing to an expanded asset base.

The analysis of current liabilities over the five-year period reveals a fluctuating but overall upward trend. Specifically, current liabilities decreased from 87,280 million USD in 2020 to 81,992 million USD in 2021, indicating an improvement in short-term obligations or better liquidity management in that year. However, from 2021 onward, current liabilities steadily increased, reaching 97,078 million USD by the end of 2024. This upward trajectory suggests increasing short-term financial commitments or possible operational expansion requiring more immediate liabilities.

Similarly, adjusted current liabilities follow a comparable pattern, starting slightly below the reported current liabilities each year. Adjusted current liabilities declined from 85,753 million USD in 2020 to 80,092 million USD in 2021, again identifying a reduction in adjusted short-term obligations during this interval. From 2021 to 2024, these liabilities consistently rose to 94,945 million USD, slightly below the unadjusted figures but mirroring the same overall increase trend.

The consistent difference between current liabilities and adjusted current liabilities, where the latter remains marginally lower, may reflect exclusion of certain items from the adjusted measures to present a more conservative or cleaned-up view of short-term liabilities.

In summary, while there was a temporary reduction in liabilities in 2021, both reported and adjusted current liabilities have been ascending through 2024. The increase indicates rising short-term financial obligations, which could impact liquidity and requires monitoring to ensure that the company maintains adequate operational cash flow and risk management.

Total liabilities

The total liabilities exhibit a general declining trend from 170,211 million USD in 2020 to 152,948 million USD in 2022, representing a reduction over the first three years. However, from 2022 onward, there is a slight upward movement, with liabilities increasing to 154,240 million USD in 2023 and further rising to 160,277 million USD by the end of 2024. This suggests an initial effort towards liability reduction followed by moderate increases in recent years.

Adjusted total liabilities

The adjusted total liabilities follow a pattern closely mirroring the total liabilities, starting at 167,674 million USD in 2020 and decreasing steadily through 2021 and 2022, reaching 150,443 million USD. After this period of decline, a gradual increase is noted in 2023 and 2024, with adjusted liabilities rising to 151,563 million USD and 158,022 million USD respectively. The adjusted figures consistently remain slightly lower than the reported total liabilities throughout the timeframe.

Overall analysis

The data indicates a phase of reduction in both total and adjusted liabilities over the first three years, which could reflect efforts to improve financial leverage or reduce debt burden. The reversal of this trend starting in 2023 suggests either increased borrowing or reclassification of liabilities. The relatively stable adjusted liabilities compared to total liabilities may indicate adjustments for certain accounting or reporting considerations but maintain a comparable trend.

The financial data over the analyzed period demonstrates notable fluctuations in both shareholders’ deficit and adjusted total deficit values. These metrics, expressed in US$ millions, exhibit patterns indicative of an evolving financial condition.

Shareholders’ Deficit

The shareholders’ deficit showed a decreasing negative trend from December 31, 2020, to December 31, 2021, moving from -18,316 million to -14,999 million. This reduction in deficit reflects an improvement in the equity position during that year. However, from 2021 through 2023, the deficit increased again sequentially to -15,883 million in 2022 and -17,233 million in 2023, indicating a deterioration in shareholders’ equity over this period. Notably, the year ending December 31, 2024, shows a significant reversal with a marked decrease in deficit to -3,908 million, suggesting a substantial recovery or corrective measures impacting shareholders' equity positively.

Adjusted Total Deficit

Similar trends are observed in the adjusted total deficit figures, which started at -15,180 million in 2020 and improved to -12,415 million by 2021. Despite this initial reduction, the deficit worsened in the subsequent years, reaching -13,290 million in 2022 and -14,521 million in 2023. The data for 2024 highlights a pronounced improvement with the adjusted total deficit shrinking drastically to -1,752 million. This pronounced improvement in the last period is consistent with the trend seen in shareholders’ deficit, indicating enhanced financial stability or successful restructuring efforts.

Overall, the data reflects a period characterized by initial recovery followed by a phase of increasing deficits, and a sharp turnaround in the final year. This suggests that while there were challenges affecting the equity position in the middle periods, significant corrective actions or changes in financial conditions during the last year have led to marked improvements in financial deficits.

The financial data reveals several notable trends in the company's debt, deficit, and capital over the five-year period ending December 31, 2024.

Total Reported Debt

The total reported debt shows a declining trend from 63,583 million US dollars in 2020 to 52,307 million in 2023, indicating a reduction in debt burden. However, in 2024, there is a slight increase to 53,864 million, somewhat interrupting the downward trajectory but remaining well below the 2020 peak.

Shareholders’ Deficit

The shareholders’ deficit exhibits a consistently negative balance, though with fluctuations. After improving from -18,316 million in 2020 to -14,999 million in 2021, the deficit worsened again in 2022 and 2023 reaching -17,233 million. Notably, in 2024, there is a significant improvement to -3,908 million, suggesting a considerable strengthening of the equity position despite still being negative.

Total Reported Capital

Total reported capital decreases steadily from 45,267 million in 2020 to 35,074 million in 2023, reflecting a potential erosion of net assets or equity. This trend reverses in 2024 with an increase to 49,956 million, indicating a recovery or infusion of capital.

Adjusted Total Debt

Adjusted total debt closely follows the pattern of total reported debt, decreasing from 64,935 million in 2020 to 54,121 million in 2023. A slight rise to 55,958 million in 2024 is observed, consistent with the trend in reported debt.

Adjusted Total Deficit

The adjusted total deficit improves from -15,180 million in 2020 to -12,415 million in 2021 but deteriorates in 2022 and 2023, reaching -14,521 million. A substantial improvement to -1,752 million in 2024 reflects a marked strengthening of adjusted equity, aligning with the improvement seen in reported shareholders’ deficit.

Adjusted Total Capital

Adjusted total capital declines steadily from 49,755 million in 2020 to 39,600 million in 2023, mirroring the trend of total reported capital. In 2024, the capital rebounds strongly to 54,206 million, indicating a recovery in capital base after several years of decline.

Overall, the data depicts a period marked by an initial reduction in debt and capital erosion, followed by a recovery phase in 2024 where capital positions improve and deficits substantially decrease. The spike in capital metrics in 2024 coupled with reduced deficits suggests active management efforts toward strengthening financial stability after previous years of challenges.

The financial data reveals volatile and unfavorable trends in the reported losses over the five-year period. Both the net loss attributable to shareholders and the adjusted net loss demonstrate significant fluctuations, with losses generally remaining substantial.

Net Loss Attributable to Shareholders

The net loss showed a marked improvement from a substantial loss of 11,873 million US dollars in 2020 to 4,202 million in 2021. However, this improvement was short-lived as the loss increased slightly to 4,935 million in 2022. In 2023, the loss decreased again significantly to 2,222 million, suggesting some recovery or cost control during that period. Yet, the trend reversed sharply in 2024, with a return to a high loss level of 11,817 million, nearly matching the loss seen in 2020.

Adjusted Net Loss

The adjusted net loss started with a considerable loss of 11,026 million in 2020, improving dramatically to a positive figure of 660 million in 2021, indicating an annual profit after adjustments. Nevertheless, this profit did not sustain, with a reversion to losses of 2,854 million in 2022 and a similar loss level of 2,821 million in 2023. The year 2024 saw a dramatic increase in losses to 13,053 million, the highest adjusted loss within the observed period, evidencing deteriorating financial conditions or exceptional items impacting results.

Comparative Observations

Both net loss measures track similar trajectories, experiencing a notable dip in losses around 2023, followed by a steep decline in 2024. The adjusted net loss shows a temporary profit position only in 2021, highlighting that that year may have included significant adjustments or non-recurring items positively impacting the results. The volatility and magnitude of losses imply ongoing challenges affecting profitability and financial stability.

Overall, the data indicates persistent financial difficulties, with some periods of improvement insufficient to establish a stable recovery trend. The sharp increase in losses in 2024 warrants attention, suggesting a need to investigate underlying causes and remedial actions.