Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Boeing Co., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	10,921)	13,801)	12,691)	14,614)	8,052)
Short-term and other investments	18,479)	12,481)	3,274)	2,606)	8,192)
Accounts receivable, net	2,921)	2,631)	2,649)	2,517)	2,641)
Unbilled receivables, net	9,158)	8,363)	8,317)	8,634)	8,620)
Current portion of financing receivables, net	—)	207)	99)	154)	117)
Inventories	84,679)	87,550)	79,741)	78,151)	78,823)
Other current assets, net	2,301)	2,965)	2,504)	2,847)	2,221)
Current assets	128,459)	127,998)	109,275)	109,523)	108,666)
Financing receivables and operating lease equipment, net	241)	314)	860)	1,450)	1,695)
Property, plant and equipment, net	15,361)	11,412)	10,661)	10,550)	10,918)
Goodwill	17,275)	8,084)	8,093)	8,057)	8,068)
Acquired intangible assets, net	1,567)	1,957)	2,094)	2,311)	2,562)
Deferred income taxes	107)	185)	59)	63)	77)
Investments	1,048)	999)	1,035)	983)	975)
Other assets, net of accumulated amortization	4,177)	5,414)	4,935)	4,163)	5,591)
Long-term assets	39,776)	28,365)	27,737)	27,577)	29,886)
Total assets	168,235)	156,363)	137,012)	137,100)	138,552)

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

Total assets experienced fluctuations over the five-year period, beginning at US$138.552 billion in 2021, decreasing to US$137.100 billion in 2022, remaining relatively stable in 2023 at US$137.012 billion, and then increasing significantly to US$156.363 billion in 2024 and further to US$168.235 billion in 2025. This growth in recent years is primarily driven by changes within both current and long-term asset categories.

Current Assets: Current assets demonstrated a slight increase from US$108.666 billion in 2021 to US$109.523 billion in 2022, followed by a minor decrease in 2023 to US$109.275 billion. A substantial rise is then observed in 2024, reaching US$127.998 billion, and continuing to US$128.459 billion in 2025. This increase is largely attributable to shifts in short-term investments and inventories.
Cash and Cash Equivalents: Cash and cash equivalents peaked in 2022 at US$14.614 billion, following US$8.052 billion in 2021. A subsequent decline to US$12.691 billion in 2023 was observed, with a modest increase to US$13.801 billion in 2024, before decreasing again to US$10.921 billion in 2025. This suggests fluctuating liquidity management.
Short-Term and Other Investments: A significant decrease in short-term and other investments occurred between 2021 and 2022, falling from US$8.192 billion to US$2.606 billion. These investments then experienced a gradual increase, reaching US$3.274 billion in 2023, US$12.481 billion in 2024, and a substantial US$18.479 billion in 2025. This indicates a strategic shift in investment allocation.
Inventories: Inventories remained relatively stable between 2021 and 2023, fluctuating around US$78-80 billion. A notable increase occurred in 2024, reaching US$87.550 billion, followed by a slight decrease to US$84.679 billion in 2025. This suggests potential changes in production levels or supply chain dynamics.
Long-Term Assets: Long-term assets decreased from US$29.886 billion in 2021 to US$27.577 billion in 2022, remaining relatively consistent through 2023 at US$27.737 billion. A substantial increase is then observed in 2024 and 2025, reaching US$28.365 billion and US$39.776 billion respectively. This growth is primarily driven by increases in goodwill and property, plant, and equipment.
Goodwill: Goodwill remained relatively stable between 2021 and 2024, fluctuating around US$8 billion. However, a significant increase to US$17.275 billion is observed in 2025, potentially indicating acquisitions or revaluation of existing assets.
Property, Plant, and Equipment: Property, plant, and equipment experienced a slight decrease between 2021 and 2022, followed by relative stability through 2023. A notable increase is observed in 2024 and 2025, reaching US$11.412 billion and US$15.361 billion respectively, suggesting investment in capital assets.
Financing Receivables: Financing receivables, both current and long-term, demonstrate a consistent downward trend throughout the period. The current portion decreased from US$117 million in 2021 to an unreported value in 2025, while the long-term portion decreased from US$1.695 billion in 2021 to US$241 million in 2025. This suggests a reduction in financing activities or a shift in how these receivables are classified.

Overall, the asset composition indicates a dynamic period with significant shifts in investment strategies and potential capital expenditure increases in recent years. The substantial growth in total assets in 2024 and 2025 warrants further investigation to understand the underlying drivers and their implications for the company’s financial position.

Boeing Co. (NYSE:BA)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items