THE BOEING COMPANY (BA) FY2025 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-01-01 to 2025-03-31

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THE BOEING COMPANY cash flow reconciliation, Jan 1, 2025 through Mar 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.Proceeds from investments → investing reconciliation: $7,750,000,000.00Proceeds from disposals of property, plant and equipment → investing reconciliation: $3,000,000.00Other → investing reconciliation: $1,000,000.00investing reconciliation → Contributions to investments: $8,797,000,000.00investing reconciliation → Payments to acquire property, plant and equipment: $674,000,000.00New borrowings → financing reconciliation: $29,000,000.00Other → financing reconciliation: $14,000,000.00financing reconciliation → Debt repayments: $295,000,000.00financing reconciliation → Dividends paid on mandatory convertible preferred stock: $72,000,000.00financing reconciliation → Employee taxes on certain share-based payment arrangements: $14,000,000.00Net cash used in operating activities → operating reconciliation: $1,616,000,000.00Advances and progress billings → operating reconciliation: $781,000,000.00Depreciation and amortization → operating reconciliation: $466,000,000.00Treasury shares issued for 401(k) contribution → operating reconciliation: $418,000,000.00Share-based plans expense → operating reconciliation: $135,000,000.00Other charges and credits, net → operating reconciliation: $99,000,000.00Other → operating reconciliation: $41,000,000.00Income taxes receivable, payable and deferred → operating reconciliation: $26,000,000.00Financing receivables and operating lease equipment, net → operating reconciliation: $12,000,000.00Investment/asset impairment charges, net → operating reconciliation: $7,000,000.00Loss on dispositions, net → operating reconciliation: $3,000,000.00operating reconciliation → Net (loss)/earnings: $31,000,000.00operating reconciliation → Inventories: $1,521,000,000.00operating reconciliation → Unbilled receivables: $671,000,000.00operating reconciliation → Accounts receivable: $570,000,000.00operating reconciliation → Accrued liabilities: $386,000,000.00operating reconciliation → Other long-term liabilities: $151,000,000.00operating reconciliation → Pension and other postretirement plans: $150,000,000.00operating reconciliation → Accounts payable: $95,000,000.00operating reconciliation → Other current assets: $29,000,000.00Net cash used in financing activities → financing reconciliation: $338,000,000.00Net cash used in investing activities → investing reconciliation: $1,717,000,000.00Exchange-rate effect → Cash sources and uses: $12,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $13,822,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $10,163,000,000.00Cash sources and uses → Net cash used in investing activities: $1,717,000,000.00Cash sources and uses → Net cash used in financing activities: $338,000,000.00Cash sources and uses → Net cash used in operating activities: $1,616,000,000.00Share-based plans expense: $135,000,000.00Stock-based compensation+$135.00 MDepreciation and amortization: $466,000,000.00Depreciation & amortization+$466.00 MPension and other postretirement plans: -$150,000,000.00Pension & retiree obligations−$150.00 MNet (loss)/earnings: -$31,000,000.00Net (loss)/earnings−$31.00 MInventories: -$1,521,000,000.00Inventories−$1.52 BAccrued liabilities: -$386,000,000.00Other accrued liabilities−$386.00 MTreasury shares issued for 401(k) contribution: $418,000,000.00401(k) treasury shares issued+$418.00 MAdvances and progress billings: $781,000,000.00Deferred revenue+$781.00 MInvestment/asset impairment charges, net: $7,000,000.00Asset impairments+$7.00 MAccounts receivable: -$570,000,000.00Accounts receivable−$570.00 MOther long-term liabilities: -$151,000,000.00Other noncurrent liabilities−$151.00 MFinancing receivables and operating lease equipment, net: $12,000,000.00Financing receivables, net+$12.00 MOther: $41,000,000.00Other working capital, net+$41.00 MUnbilled receivables: -$671,000,000.00Contract assets−$671.00 MAccounts payable: -$95,000,000.00Accounts payable−$95.00 MIncome taxes receivable, payable and deferred: $26,000,000.00Income tax balances+$26.00 MLoss on dispositions, net: $3,000,000.00Asset sale gain & loss+$3.00 MOther charges and credits, net: $99,000,000.00Other non-cash items+$99.00 MOther current assets: -$29,000,000.00Other current assets−$29.00 MNet cash used in operating activities: -$1,616,000,000.00. Cash required to fund net payments.Operating cash−$1.62 Boperating reconciliation: $3,604,000,000.00Other: $14,000,000.00Other financing, net+$14.00 MDebt repayments: -$295,000,000.00Debt repaid−$295.00 MDividends paid on mandatory convertible preferred stock: -$72,000,000.00Dividends paid−$72.00 MNew borrowings: $29,000,000.00Debt issued+$29.00 MEmployee taxes on certain share-based payment arrangements: -$14,000,000.00Stock-award tax withholding−$14.00 MNet cash used in financing activities: -$338,000,000.00. Cash required to fund net payments.Financing cash−$338.00 Mfinancing reconciliation: $381,000,000.00Other: $1,000,000.00Other investing, net+$1.00 MPayments to acquire property, plant and equipment: -$674,000,000.00PP&E purchases−$674.00 MProceeds from investments: $7,750,000,000.00Investment sales & maturities+$7.75 BContributions to investments: -$8,797,000,000.00Investment purchases−$8.80 BProceeds from disposals of property, plant and equipment: $3,000,000.00PP&E sales+$3.00 MNet cash used in investing activities: -$1,717,000,000.00. Cash required to fund net payments.Investing cash−$1.72 Binvesting reconciliation: $9,471,000,000.00Cash sources and uses: $13,834,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $13,822,000,000.00Beginning cash$13.82 BEnding cash: Cash, cash equivalents, and restricted cash: $10,163,000,000.00Ending cash$10.16 BExchange-rate effect: $12,000,000.00FX effect+$12.00 MCASH RECONCILIATIONInvestingflowsFinancingflowsOperatingflowsNet loss −$31.00M − net operating adjustments $1.59B = operating cash −$1.62BFree cash flow−$2.29 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$3.66 BEnding cash − beginning cash
Chart details

THE BOEING COMPANY cash flow reconciliation, Jan 1, 2025 through Mar 31, 2025

Cash flows for Jan 1, 2025 through Mar 31, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2024. Ending cash: Mar 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
negative 1,616,000,000 US dollars. Net cash used.
Share-based plans expense
135,000,000 US dollars
Depreciation and amortization
466,000,000 US dollars
Pension and other postretirement plans
negative 150,000,000 US dollars
Net (loss)/earnings
negative 31,000,000 US dollars
Inventories
negative 1,521,000,000 US dollars
Accrued liabilities
negative 386,000,000 US dollars
Treasury shares issued for 401(k) contribution
418,000,000 US dollars
Advances and progress billings
781,000,000 US dollars
Investment/asset impairment charges, net
7,000,000 US dollars
Accounts receivable
negative 570,000,000 US dollars
Other long-term liabilities
negative 151,000,000 US dollars
Financing receivables and operating lease equipment, net
12,000,000 US dollars
Other
41,000,000 US dollars
Unbilled receivables
negative 671,000,000 US dollars
Accounts payable
negative 95,000,000 US dollars
Income taxes receivable, payable and deferred
26,000,000 US dollars
Loss on dispositions, net
3,000,000 US dollars
Other charges and credits, net
99,000,000 US dollars
Other current assets
negative 29,000,000 US dollars
Investing activities
negative 1,717,000,000 US dollars. Net cash used.
Other
1,000,000 US dollars
Payments to acquire property, plant and equipment
negative 674,000,000 US dollars
Proceeds from investments
7,750,000,000 US dollars
Contributions to investments
negative 8,797,000,000 US dollars
Proceeds from disposals of property, plant and equipment
3,000,000 US dollars
Financing activities
negative 338,000,000 US dollars. Net cash used.
Other
14,000,000 US dollars
Debt repayments
negative 295,000,000 US dollars
Dividends paid on mandatory convertible preferred stock
negative 72,000,000 US dollars
New borrowings
29,000,000 US dollars
Employee taxes on certain share-based payment arrangements
negative 14,000,000 US dollars
Operating adjustment reconciliation
3,604,000,000 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
381,000,000 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
9,471,000,000 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
12,000,000 US dollars
Ending cash on Mar 31, 2025
10,163,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
13,834,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 3,659,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 1,616,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
674,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 2,290,000,000 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 loss −$31.00M − net operating adjustments $1.59B = operating cash −$1.62B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • 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: negative 1,616,000,000 US dollars minus 674,000,000 US dollars equals negative 2,290,000,000 US dollars.
THE BOEING COMPANY (BA) FY2025 Q1 Statement of Cash Flows Sankey chart
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