Boeing Co. (BA)

Statement of Financial Position, Assets

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 Statement of Financial Position, Assets

USD $ in millions

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Cash and cash equivalents	7,637	8,813	8,801	11,302	11,733
Short-term and other investments	927	1,179	1,228	750	1,359
Accounts receivable, net	3,879	10,516	8,832	8,713	7,729
Unbilled receivables, net	10,025	–	–	–	–
Current portion of customer financing, net	460	309	428	212	190
Deferred income taxes	–	–	–	–	18
Inventories	62,567	44,344	43,199	47,257	46,756
Other current assets	2,335	–	–	–	–
Current assets	87,830	65,161	62,488	68,234	67,785
Customer financing, net	2,418	2,740	3,773	3,358	3,371
Property, plant and equipment, net	12,645	12,672	12,807	12,076	11,007
Goodwill	7,840	5,559	5,324	5,126	5,119
Acquired intangible assets, net	3,429	2,573	2,540	2,657	2,869
Deferred income taxes	284	341	332	265	6,576
Investments	1,087	1,260	1,317	1,284	1,154
Other assets, net of accumulated amortization	1,826	2,027	1,416	1,408	1,317
Non-current assets	29,529	27,172	27,509	26,174	31,413
Total assets	117,359	92,333	89,997	94,408	99,198

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-12), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-10), 10-K (filing date: 2015-02-12).

Assets, Selected Items

Item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Boeing Co.’s current assets increased from 2016 to 2017 and from 2017 to 2018.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Boeing Co.’s property, plant and equipment, net declined from 2016 to 2017 and from 2017 to 2018.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Boeing Co.’s non-current assets declined from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Boeing Co.’s total assets increased from 2016 to 2017 and from 2017 to 2018.

Current Assets, Selected Items

Item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Boeing Co.’s cash and cash equivalents increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Short-term and other investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Boeing Co.’s short-term and other investments declined from 2016 to 2017 and from 2017 to 2018.
Accounts receivable, net	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Boeing Co.’s accounts receivable, net increased from 2016 to 2017 but then declined significantly from 2017 to 2018.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Boeing Co.’s inventories increased from 2016 to 2017 and from 2017 to 2018.