Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Boeing Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts payable	11,364)	11,964)	10,200)	9,261)	12,928)
Forward loss recognition	7,634)	4,699)	4,060)	2,014)	1,913)
Accrued compensation and employee benefit costs	6,110)	6,721)	6,351)	6,037)	7,121)
Product warranties	2,133)	2,448)	2,275)	1,900)	1,527)
Environmental	834)	844)	752)	605)	565)
Accrued interest payable	796)	652)	599)	641)	—)
737 MAX customer concessions and other considerations	641)	1,327)	1,864)	2,940)	5,537)
Other customer concessions and considerations	1,552)	1,300)	1,102)	240)	—)
Current portion of retiree healthcare and pension liabilities	452)	473)	494)	536)	—)
Current portion of operating lease liabilities	324)	296)	276)	268)	268)
Department of Justice agreement liability	—)	—)	—)	—)	744)
Other	3,627)	3,571)	3,808)	3,274)	4,496)
Accrued liabilities	24,103)	22,331)	21,581)	18,455)	22,171)
Advances and progress billings	60,333)	56,328)	53,081)	52,980)	50,488)
Short-term debt and current portion of long-term debt	1,278)	5,204)	5,190)	1,296)	1,693)
Current liabilities	97,078)	95,827)	90,052)	81,992)	87,280)
Deferred income taxes	122)	229)	230)	218)	1,010)
Accrued retiree health care	2,176)	2,233)	2,503)	3,528)	4,137)
Accrued pension plan liability, net	5,997)	6,516)	6,141)	9,104)	14,408)
Other long-term liabilities	2,318)	2,332)	2,211)	1,750)	1,486)
Long-term debt, excluding current portion	52,586)	47,103)	51,811)	56,806)	61,890)
Long-term liabilities	63,199)	58,413)	62,896)	71,406)	82,931)
Total liabilities	160,277)	154,240)	152,948)	153,398)	170,211)
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00	6)	—)	—)	—)	—)
Common stock, par value $5.00	5,061)	5,061)	5,061)	5,061)	5,061)
Additional paid-in capital	18,964)	10,309)	9,947)	9,052)	7,787)
Treasury stock, at cost	(32,386)	(49,549)	(50,814)	(51,861)	(52,641)
Retained earnings	15,362)	27,251)	29,473)	34,408)	38,610)
Accumulated other comprehensive loss	(10,915)	(10,305)	(9,550)	(11,659)	(17,133)
Shareholders’ deficit	(3,908)	(17,233)	(15,883)	(14,999)	(18,316)
Noncontrolling interests	(6)	5)	35)	153)	241)
Total deficit	(3,914)	(17,228)	(15,848)	(14,846)	(18,075)
Total liabilities and deficit	156,363)	137,012)	137,100)	138,552)	152,136)

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).

Accounts Payable: The accounts payable showed a decrease from 12,928 million USD at the end of 2020 to 9,261 million USD in 2021, followed by a gradual increase reaching 11,364 million USD by the end of 2024. This pattern indicates an initial reduction in short-term obligations with a slight rise in subsequent years.
Forward Loss Recognition: This item nearly doubled from 1,913 million USD in 2020 to 4,060 million USD in 2022, then continued increasing sharply to 7,634 million USD by 2024. The trend suggests escalating recognition of forward losses over the period.
Accrued Compensation and Employee Benefit Costs: There was a decline from 7,121 million USD in 2020 to 6,037 million USD in 2021, followed by a modest increase to 6,721 million USD in 2023, and then a drop again to 6,110 million USD in 2024, indicating some volatility in employee-related liabilities.
Product Warranties: The balance increased steadily from 1,527 million USD in 2020 to a peak of 2,448 million USD in 2023, before declining to 2,133 million USD in 2024. This may reflect changing expectations related to product support or sales.
Environmental Liabilities: A consistent upward trend is observed, increasing from 565 million USD in 2020 to 834 million USD by 2024, suggesting growing environmental obligations.
Accrued Interest Payable: Data is missing for 2020; however, from 641 million USD in 2021, it decreased to 599 million USD in 2022 and rose gradually to 796 million USD in 2024, reflecting fluctuations in interest expenses or debt levels.
737 MAX Customer Concessions and Other Considerations: These liabilities fell sharply from 5,537 million USD in 2020 to 641 million USD in 2024, indicating resolution or reduction of issues related to this product.
Other Customer Concessions and Considerations: Starting from 240 million USD in 2021, this item increased steadily to 1,552 million USD in 2024, representing growing obligations in categories other than 737 MAX.
Current Portion of Retiree Healthcare and Pension Liabilities: A gradual decline from 536 million USD in 2021 to 452 million USD in 2024 suggests a reduction in short-term obligations related to retiree benefits.
Current Portion of Operating Lease Liabilities: These increased steadily from 268 million USD in 2020 to 324 million USD in 2024, indicating slightly higher leasing commitments.
Department of Justice Agreement Liability: This liability was present at 744 million USD in 2020 but is not reported in subsequent years, suggesting it was resolved or reclassified.
Other Current Liabilities: The other current liabilities decreased from 4,496 million USD in 2020 to 3,274 million USD in 2021, then trended upwards to 3,627 million USD in 2024, indicating fluctuations in miscellaneous obligations.
Accrued Liabilities: There was a reduction from 22,171 million USD in 2020 to 18,455 million USD in 2021, followed by a steady increase to 24,103 million USD in 2024, reflecting increasing accrued expenses over the recent years.
Advances and Progress Billings: Consistent growth is evident, rising from 50,488 million USD in 2020 to 60,333 million USD in 2024, which points to increasing customer prepayments or contract billings.
Short-term Debt and Current Portion of Long-term Debt: This category showed a fall from 1,693 million USD in 2020 to 1,296 million USD in 2021, then a spike to over 5,200 million USD in 2022 and 2023, before dropping sharply back to 1,278 million USD in 2024, indicating significant short-term debt refinancing activity or shifts in debt structure.
Current Liabilities: Current liabilities declined from 87,280 million USD in 2020 to 81,992 million USD in 2021, then increased each year to reach 97,078 million USD in 2024, showing growth in short-term obligations.
Deferred Income Taxes: There was a decrease from 1,010 million USD in 2020 to 218 million USD in 2021, with relatively stable values around 122 million USD by 2024, suggesting reduced deferred tax assets or liabilities over time.
Accrued Retiree Health Care: This liability decreased steadily from 4,137 million USD in 2020 to 2,176 million USD in 2024, reflecting diminishing obligations for retiree health benefits.
Accrued Pension Plan Liability, Net: A significant reduction occurred from 14,408 million USD in 2020 to 6,141 million USD in 2022, with minor fluctuations thereafter, ending at 5,997 million USD in 2024, highlighting improvements or changes in pension funding status.
Other Long-term Liabilities: These liabilities increased gradually from 1,486 million USD in 2020 to 2,318 million USD in 2024, suggesting growing miscellaneous long-term obligations.
Long-term Debt, Excluding Current Portion: Long-term debt declined from 61,890 million USD in 2020 to 47,103 million USD in 2023, but increased again to 52,586 million USD in 2024, indicating debt repayment followed by new borrowings or reclassifications.
Long-term Liabilities: Overall long-term liabilities decreased from 82,931 million USD in 2020 to 58,413 million USD in 2023, but rose again to 63,199 million USD in 2024, mirroring patterns in long-term debt and other liabilities.
Total Liabilities: Total liabilities decreased from 170,211 million USD in 2020 to 152,948 million USD in 2022, then fluctuated slightly, ending at 160,277 million USD in 2024. The overall trend reflects management of liability structure with some variability in recent years.
Equity Accounts: The common stock balance remained constant at 5,061 million USD throughout the period. Additional paid-in capital showed growth, notably increasing from 7,787 million USD in 2020 to 18,964 million USD in 2024, indicating capital infusions or stock-related transactions during this timeframe.
Treasury Stock: Treasury stock, recorded at cost, trended downward in absolute value from -52,641 million USD in 2020 to -32,386 million USD in 2024, suggesting a reduction in treasury shares held or reclassification effects.
Retained Earnings: Retained earnings declined significantly from 38,610 million USD in 2020 to 15,362 million USD in 2024, implying reduced accumulated profits or potential losses impacting shareholders' equity.
Accumulated Other Comprehensive Loss: This balance improved from a loss of -17,133 million USD in 2020 to -9,550 million USD in 2022, but then worsened again to -10,915 million USD by 2024, reflecting increased unrealized losses or adverse adjustments.
Shareholders' Deficit: The shareholders’ deficit decreased in magnitude from -18,316 million USD in 2020 to -3,908 million USD in 2024, showing a reduction of negative equity, possibly due to capital contributions or improved profitability components.
Noncontrolling Interests: Noncontrolling interests declined steadily from 241 million USD in 2020 to a small negative amount (-6 million USD) by 2024, indicating diminishing minority interest stakes.
Total Deficit: Consistent with shareholders’ deficit trends, total deficit narrowed considerably from -18,075 million USD in 2020 to -3,914 million USD in 2024, suggesting strengthening in net equity position.
Total Liabilities and Deficit: This aggregate decreased from 152,136 million USD in 2020 to 137,100 million USD in 2022, remaining relatively stable through 2023, then increasing again to 156,363 million USD in 2024. This reflects overall fluctuations in combined obligations and equity deficits.

Download chart

Boeing Co. (NYSE:BA)

Balance Sheet: Liabilities and Stockholders’ Equity