Boeing Co. (BA)


Statement of Financial Position, Liabilities and Stockholders’ Equity
Quarterly Data

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.

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 Statement of Financial Position, Liabilities and Stockholders’ Equity (quarterly data)

USD $ in millions

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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 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Accounts payable 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  10,667  11,136  11,060  10,779 
Accrued liabilities 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  13,343  12,677  13,222  12,219 
Advances and progress billings 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  23,175  21,127  21,244  21,112 
Deferred income taxes –  –  –  –  –  –  –  –  –  –  –  –  –  9,205  8,894  8,916  8,603  6,685  6,222  6,732 
Short-term debt and current portion of long-term debt 3,190  1,389  1,611  1,981  1,335  988  720  367  384  632  1,168  1,243  1,234  614  112  133  929  1,579  1,591  1,660 
Current liabilities 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  56,717  53,204  53,339  52,502 
Deferred income taxes 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 4,584  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  6,802  6,494  6,506  6,515 
Accrued pension plan liability, net 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  17,182  9,262  9,812  9,676 
Non-current income taxes payable –  –  –  –  –  –  –  –  –  –  –  –  –  378  389  352  358  709  740  166 
Other long-term liabilities 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  1,208  1,046  864  808 
Long-term debt, excluding current portion 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  8,141  7,301  7,292  7,275 
Non-current liabilities 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  33,691  24,812  25,214  24,440 
Total liabilities 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  90,408  78,016  78,553  76,942 
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 
Additional paid-in capital 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  4,625  4,572  4,524  4,441 
Treasury stock, at cost (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) (23,298) (22,349) (21,381) (20,028)
Retained earnings 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  36,180  35,880  34,516  33,929 
Accumulated other comprehensive loss (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) (13,903) (8,653) (8,659) (8,883)
Shareholders’ equity 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  8,665  14,511  14,061  14,520 
Noncontrolling interests 71  80  67  76  57  59  59  60  60  61  62  63  62  46  43  124  125  126  123  113 
Total equity 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  8,790  14,637  14,184  14,633 
Total liabilities and equity 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  99,198  92,653  92,737  91,575 

Based on: 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), 10-K (filing date: 2015-02-12), 10-Q (filing date: 2014-10-22), 10-Q (filing date: 2014-07-23), 10-Q (filing date: 2014-04-23).

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 increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Boeing Co.’s non-current liabilities declined from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
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 Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.
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 increased from Q2 2018 to Q3 2018 and from Q3 2018 to Q4 2018.