BOEING CO (BA) FY2025 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-12-31

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BOEING CO cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings/(loss) → Net cash from operating activities: $1,065,000,000.00Net earnings/(loss) → Operating adjustments reconciliation: $1,173,000,000.00777X and 767 reach-forward losses → Operating adjustments reconciliation: $5,283,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,953,000,000.00Treasury shares issued for 401(k) contribution → Operating adjustments reconciliation: $1,530,000,000.00Accrued liabilities → Operating adjustments reconciliation: $1,341,000,000.00Accounts payable → Operating adjustments reconciliation: $724,000,000.00Share-based plans expense → Operating adjustments reconciliation: $426,000,000.00Other → Operating adjustments reconciliation: $324,000,000.00Financing receivables and operating lease equipment, net → Operating adjustments reconciliation: $274,000,000.00Other charges and credits, net → Operating adjustments reconciliation: $264,000,000.00Other current assets → Operating adjustments reconciliation: $155,000,000.00Income taxes receivable, payable and deferred → Operating adjustments reconciliation: $115,000,000.00Investment/asset impairment charges, net → Operating adjustments reconciliation: $45,000,000.00Operating adjustments reconciliation → Gain on dispositions, net: $9,672,000,000.00Operating adjustments reconciliation → Inventories: $1,501,000,000.00Operating adjustments reconciliation → Advances and progress billings: $723,000,000.00Operating adjustments reconciliation → Unbilled receivables: $677,000,000.00Operating adjustments reconciliation → Pension and other postretirement plans: $593,000,000.00Operating adjustments reconciliation → Other long-term liabilities: $346,000,000.00Operating adjustments reconciliation → Accounts receivable: $95,000,000.00Proceeds from investments → investing reconciliation: $46,628,000,000.00Proceeds from dispositions → investing reconciliation: $10,585,000,000.00Proceeds from disposals of property, plant and equipment → investing reconciliation: $82,000,000.00Repayments on supplier notes receivable → investing reconciliation: $2,000,000.00Other → investing reconciliation: $1,000,000.00investing reconciliation → Net cash from investing activities: $499,000,000.00investing reconciliation → Contributions to investments: $51,938,000,000.00investing reconciliation → Payments to acquire property, plant and equipment: $2,942,000,000.00investing reconciliation → Acquisitions, net of cash acquired: $1,248,000,000.00investing reconciliation → Supplier notes receivable: $662,000,000.00investing reconciliation → Purchase of distribution rights: $9,000,000.00Net cash used in financing activities → financing reconciliation: $3,763,000,000.00New borrowings → financing reconciliation: $165,000,000.00Other → financing reconciliation: $58,000,000.00financing reconciliation → Debt repayments: $3,621,000,000.00financing reconciliation → Dividends paid on Mandatory convertible preferred stock: $331,000,000.00financing reconciliation → Employee taxes on certain share-based payment arrangements: $34,000,000.00Exchange-rate effect → Cash sources and uses: $40,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $13,822,000,000.00Net cash from operating activities → Cash sources and uses: $1,065,000,000.00Net cash from investing activities → Cash sources and uses: $499,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $11,663,000,000.00Cash sources and uses → Net cash used in financing activities: $3,763,000,000.00Other charges and credits, net: $264,000,000.00Other non-cash items+$264.00 MAdvances and progress billings: -$723,000,000.00Deferred revenue−$723.00 MShare-based plans expense: $426,000,000.00Stock-based compensation+$426.00 MNet earnings/(loss): $2,238,000,000.00Net earnings/(loss)+$2.24 B777X and 767 reach-forward losses: $5,283,000,000.00777X and 767 reach-forward losses+$5.28 BAccrued liabilities: $1,341,000,000.00Other accrued liabilities+$1.34 BPension and other postretirement plans: -$593,000,000.00Pension & retiree obligations−$593.00 MOther: $324,000,000.00Other working capital, net+$324.00 MIncome taxes receivable, payable and deferred: $115,000,000.00Income tax balances+$115.00 MAccounts payable: $724,000,000.00Accounts payable+$724.00 MInventories: -$1,501,000,000.00Inventories−$1.50 BOther current assets: $155,000,000.00Other current assets+$155.00 MGain on dispositions, net: -$9,672,000,000.00Asset sale gain & loss−$9.67 BInvestment/asset impairment charges, net: $45,000,000.00Asset impairments+$45.00 MOther long-term liabilities: -$346,000,000.00Other noncurrent liabilities−$346.00 MDepreciation and amortization: $1,953,000,000.00Depreciation & amortization+$1.95 BUnbilled receivables: -$677,000,000.00Contract assets−$677.00 MTreasury shares issued for 401(k) contribution: $1,530,000,000.00401(k) treasury shares issued+$1.53 BAccounts receivable: -$95,000,000.00Accounts receivable−$95.00 MFinancing receivables and operating lease equipment, net: $274,000,000.00Financing receivables, net+$274.00 MNet cash from operating activities: $1,065,000,000.00Operating cash+$1.07 BOperating adjustments reconciliation: $13,607,000,000.00New borrowings: $165,000,000.00Debt issued+$165.00 MDebt repayments: -$3,621,000,000.00Debt repaid−$3.62 BEmployee taxes on certain share-based payment arrangements: -$34,000,000.00Stock-award tax withholding−$34.00 MDividends paid on Mandatory convertible preferred stock: -$331,000,000.00Dividends paid−$331.00 MOther: $58,000,000.00Other financing, net+$58.00 MNet cash used in financing activities: -$3,763,000,000.00. Cash required to fund net payments.Financing cash−$3.76 Bfinancing reconciliation: $3,986,000,000.00Payments to acquire property, plant and equipment: -$2,942,000,000.00PP&E purchases−$2.94 BProceeds from disposals of property, plant and equipment: $82,000,000.00PP&E sales+$82.00 MAcquisitions, net of cash acquired: -$1,248,000,000.00Acquisitions, net of cash−$1.25 BProceeds from dispositions: $10,585,000,000.00Business sales+$10.59 BContributions to investments: -$51,938,000,000.00Investment purchases−$51.94 BProceeds from investments: $46,628,000,000.00Investment sales & maturities+$46.63 BSupplier notes receivable: -$662,000,000.00Supplier notes receivable−$662.00 MRepayments on supplier notes receivable: $2,000,000.00Repayments on supplier notes receivable+$2.00 MPurchase of distribution rights: -$9,000,000.00Purchase of distribution rights−$9.00 MOther: $1,000,000.00Other investing, net+$1.00 MNet cash from investing activities: $499,000,000.00Investing cash+$499.00 Minvesting reconciliation: $57,298,000,000.00Cash sources and uses: $15,426,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $13,822,000,000.00Beginning cash$13.82 BEnding cash: Cash, cash equivalents, and restricted cash: $11,663,000,000.00Ending cash$11.66 BExchange-rate effect: $40,000,000.00FX effect+$40.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow−$1.88 BOperating cash − cash spent on PP&ECash flow / Net income0.48×Operating cash flow ÷ net incomeNet cash change−$2.16 BEnding cash − beginning cash
Chart details

BOEING CO cash flow reconciliation, Jan 1, 2025 through Dec 31, 2025

Cash flows for Jan 1, 2025 through Dec 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Dec 31, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2024
13,822,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,065,000,000 US dollars. Net cash provided.
Other charges and credits, net
264,000,000 US dollars
Advances and progress billings
negative 723,000,000 US dollars
Share-based plans expense
426,000,000 US dollars
Net earnings/(loss)
2,238,000,000 US dollars
777X and 767 reach-forward losses
5,283,000,000 US dollars
Accrued liabilities
1,341,000,000 US dollars
Pension and other postretirement plans
negative 593,000,000 US dollars
Other
324,000,000 US dollars
Income taxes receivable, payable and deferred
115,000,000 US dollars
Accounts payable
724,000,000 US dollars
Inventories
negative 1,501,000,000 US dollars
Other current assets
155,000,000 US dollars
Gain on dispositions, net
negative 9,672,000,000 US dollars
Investment/asset impairment charges, net
45,000,000 US dollars
Other long-term liabilities
negative 346,000,000 US dollars
Depreciation and amortization
1,953,000,000 US dollars
Unbilled receivables
negative 677,000,000 US dollars
Treasury shares issued for 401(k) contribution
1,530,000,000 US dollars
Accounts receivable
negative 95,000,000 US dollars
Financing receivables and operating lease equipment, net
274,000,000 US dollars
Investing activities
499,000,000 US dollars. Net cash provided.
Payments to acquire property, plant and equipment
negative 2,942,000,000 US dollars
Proceeds from disposals of property, plant and equipment
82,000,000 US dollars
Acquisitions, net of cash acquired
negative 1,248,000,000 US dollars
Proceeds from dispositions
10,585,000,000 US dollars
Contributions to investments
negative 51,938,000,000 US dollars
Proceeds from investments
46,628,000,000 US dollars
Supplier notes receivable
negative 662,000,000 US dollars
Repayments on supplier notes receivable
2,000,000 US dollars
Purchase of distribution rights
negative 9,000,000 US dollars
Other
1,000,000 US dollars
Financing activities
negative 3,763,000,000 US dollars. Net cash used.
New borrowings
165,000,000 US dollars
Debt repayments
negative 3,621,000,000 US dollars
Employee taxes on certain share-based payment arrangements
negative 34,000,000 US dollars
Dividends paid on Mandatory convertible preferred stock
negative 331,000,000 US dollars
Other
58,000,000 US dollars
Operating adjustment reconciliation
13,607,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
3,986,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
57,298,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
40,000,000 US dollars
Ending cash on Dec 31, 2025
11,663,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
15,426,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 2,159,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.48×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,065,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,942,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 1,877,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $1.07B of net income directly to operating cash and $1.17B to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 1,065,000,000 US dollars minus 2,942,000,000 US dollars equals negative 1,877,000,000 US dollars.
BOEING CO (BA) FY2025 Annual Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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