Stock Analysis on Net
Stock Analysis on Net

Boeing Co. (NYSE:BA)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet 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.

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 (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Accounts payable 13,700  14,963  15,553  15,101  15,267  14,693  12,916  13,663  12,904  12,613  12,202  12,718  12,093  11,964  11,190  11,968  11,748  11,558  10,800  11,777  11,531  11,497 
Accrued liabilities 22,493  21,483  22,868  19,224  20,042  13,007  14,808  12,869  12,240  10,983  15,292  14,008  14,294  13,332  14,691  13,243  13,534  12,790  14,014  12,770  13,226  11,958 
Advances and progress billings 53,367  52,883  51,551  53,167  52,523  52,534  50,676  51,496  50,970  49,955  —  —  —  —  —  —  —  —  —  —  —  — 
Advances and billings in excess of related costs —  —  —  —  —  —  —  —  —  —  27,440  26,695  25,802  24,118  23,869  22,646  23,409  23,926  24,364  23,442  23,373  22,752 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  9,205  8,894  8,916 
Short-term debt and current portion of long-term debt 2,922  5,173  7,340  4,354  4,357  3,381  3,190  1,389  1,611  1,981  1,335  988  720  367  384  632  1,168  1,243  1,234  614  112  133 
Current liabilities 92,482  94,502  97,312  91,846  92,189  83,615  81,590  79,417  77,725  75,532  56,269  54,409  52,909  49,781  50,134  48,489  49,859  49,517  50,412  57,808  57,136  55,256 
Deferred income taxes 404  336  413  1,615  —  1,656  1,736  1,738  1,900  2,001  1,839  2,884  1,415  1,339  1,338  2,211  2,422  2,297  2,392  —  —  — 
Accrued retiree health care 4,427  4,483  4,540  4,437  4,486  4,535  4,584  5,394  5,444  5,494  5,545  5,826  5,856  5,885  5,916  6,544  6,586  6,614  6,616  6,746  6,777  6,789 
Accrued pension plan liability, net 15,663  15,962  16,276  14,590  14,831  15,077  15,323  15,927  16,118  16,279  16,471  15,514  19,651  19,796  19,943  18,003  18,200  18,196  17,783  17,795  17,537  17,362 
Non-current income taxes payable —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  378  389  352 
Other long-term liabilities 2,821  3,398  3,422  3,621  4,839  3,731  3,059  2,905  2,875  2,474  2,015  1,449  2,128  2,285  2,221  1,729  2,048  2,096  2,078  1,083  1,052  1,081 
Long-term debt, excluding current portion 58,457  33,754  19,962  20,298  14,859  11,363  10,657  10,487  10,507  10,471  9,782  9,780  10,055  10,432  9,568  9,824  9,847  8,721  8,730  8,402  8,904  8,905 
Long-term liabilities 81,772  57,933  44,613  44,561  39,015  36,362  35,359  36,451  36,844  36,719  35,652  35,453  39,105  39,737  38,986  38,311  39,103  37,924  37,599  34,404  34,659  34,489 
Total liabilities 174,254  152,435  141,925  136,407  131,204  119,977  116,949  115,868  114,569  112,251  91,921  89,862  92,014  89,518  89,120  86,800  88,962  87,441  88,011  92,212  91,795  89,745 
Common stock, par value $5.00 5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061  5,061 
Additional paid-in capital 6,648  6,595  6,745  6,688  6,638  6,573  6,768  6,714  6,676  6,624  6,804  6,754  4,644  4,604  4,762  4,808  4,778  4,784  4,834  4,771  4,721  4,657 
Treasury stock, at cost (54,829) (54,842) (54,914) (54,924) (54,932) (54,630) (52,348) (51,781) (49,342) (46,396) (43,454) (41,745) (40,730) (38,320) (36,097) (35,763) (34,821) (32,939) (29,568) (28,898) (27,463) (25,513)
Retained earnings 47,478  49,854  50,644  53,986  52,819  58,090  55,941  54,666  52,303  52,095  45,320  44,052  42,222  42,165  40,714  40,641  38,362  39,975  38,756  39,069  37,365  37,516 
Accumulated other comprehensive loss (16,025) (16,333) (16,153) (14,927) (14,908) (14,969) (15,083) (15,949) (16,139) (16,162) (13,376) (13,036) (13,234) (13,415) (13,623) (12,658) (12,795) (12,838) (12,748) (13,263) (13,420) (13,815)
Shareholders’ equity (11,667) (9,665) (8,617) (4,116) (5,322) 125  339  (1,289) (1,441) 1,222  355  1,086  (2,037) 95  817  2,089  585  4,043  6,335  6,740  6,264  7,906 
Noncontrolling interests 285  305  317  307  379  107  71  80  67  76  57  59  59  60  60  61  62  63  62  46  43  124 
Total equity (11,382) (9,360) (8,300) (3,809) (4,943) 232  410  (1,209) (1,374) 1,298  412  1,145  (1,978) 155  877  2,150  647  4,106  6,397  6,786  6,307  8,030 
Total liabilities and equity 162,872  143,075  133,625  132,598  126,261  120,209  117,359  114,659  113,195  113,549  92,333  91,007  90,036  89,673  89,997  88,950  89,609  91,547  94,408  98,998  98,102  97,775 

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Boeing Co.’s current liabilities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Boeing Co.’s long-term liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Boeing Co.’s total liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Boeing Co.’s shareholders’ equity decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.