For the year ending 2025-12-31, BA had -$2,159M decrease in cash & cash equivalents over the period. -$1,877M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net earnings/(loss) | 2,238 | -11,829 | -2,242 | -5,053 |
| Share-based plans expense | 426 | 407 | 690 | 725 |
| Treasury shares issued for 401 contribution | 1,530 | 1,601 | 1,515 | 1,215 |
| Depreciation and amortization | 1,953 | 1,836 | 1,861 | 1,979 |
| Investment/asset impairment charges, net | 45 | 112 | 46 | 112 |
| Customer financing valuation adjustments | - | - | - | 37 |
| Gain on dispositions, net | 9,672 | 46 | 2 | 6 |
| 777x and 767 reach-forward losses | 5,283 | 4,079 | 0 | 0 |
| Other charges and credits, net | -264 | -528 | -3 | -364 |
| Accounts receivable | 95 | 37 | 128 | -142 |
| Unbilled receivables | 677 | 60 | -321 | -6 |
| Advances and progress billings | -723 | 4,069 | 3,365 | 108 |
| Inventories | 1,501 | 12,353 | 1,681 | -420 |
| Other current assets | -155 | 16 | -389 | 591 |
| Accounts payable | 724 | -793 | 1,672 | 838 |
| Accrued liabilities | 1,341 | 1,563 | 779 | 2,956 |
| Income taxes receivable, payable and deferred | 115 | -567 | 44 | 1,347 |
| Other long-term liabilities | -346 | -329 | -313 | -158 |
| Pension and other postretirement plans | -593 | -959 | -1,049 | -1,378 |
| Customer financing, net | - | - | - | -142 |
| Financing receivables and operating lease equipment, net | -274 | -512 | -571 | - |
| Other | -324 | -202 | -119 | -307 |
| Net cash provided/(used) by operating activities | 1,065 | -12,080 | 5,960 | 3,512 |
| Payments to acquire property, plant and equipment | 2,942 | 2,230 | 1,527 | 1,222 |
| Proceeds from disposals of property, plant and equipment | 82 | 49 | 27 | 35 |
| Acquisitions, net of cash acquired | 1,248 | 50 | 70 | 0 |
| Proceeds from dispositions | 10,585 | 124 | - | - |
| Contributions to investments | 51,938 | 13,856 | 16,448 | 5,051 |
| Proceeds from investments | 46,628 | 4,743 | 15,739 | 10,619 |
| Supplier notes receivable | 662 | -694 | - | - |
| Repayments on supplier notes receivable | 2 | -40 | - | - |
| Purchase of distribution rights | 9 | 88 | - | - |
| Other | -1 | 11 | 158 | 11 |
| Net cash provided/(used) by investing activities | 499 | -11,973 | -2,437 | 4,370 |
| New borrowings | 165 | 10,161 | 75 | 34 |
| Debt repayments | 3,621 | 8,673 | 5,216 | 1,310 |
| Common stock issuance, net of issuance costs | 0 | 18,200 | - | - |
| Mandatory convertible preferred stock issuance, net of issuance costs | 0 | 5,657 | - | - |
| Stock options exercised | 0 | 0 | 45 | 50 |
| Employee taxes on certain share-based payment arrangements | 34 | 83 | 408 | 40 |
| Dividends paid on mandatory convertible preferred stock | 331 | - | - | - |
| Dividends paid | - | - | - | 0 |
| Other | 58 | -53 | 17 | - |
| Net cash (used)/provided by financing activities | -3,763 | 25,209 | -5,487 | -1,266 |
| Effect of exchange rate changes on cash and cash equivalents | 40 | -47 | 30 | -73 |
| Net (decrease)/increase in cash & cash equivalents, including restricted | -2,159 | 1,109 | -1,934 | 6,543 |
| Cash and cash equivalents at beginning of period | 13,822 | 12,713 | 14,647 | 8,104 |
| Cash and cash equivalents at end of period | 11,663 | 13,822 | 12,713 | 14,647 |
BOEING CO (BA)
BOEING CO (BA)