Boeing Reports Strong First-Quarter Results

 

The Boeing Company and Subsidiaries

Consolidated Statements of Financial Position

(Unaudited)









(Dollars in millions, except per share data)

March 31
2015



December 31
2014


Assets




Cash and cash equivalents


$8,655




$11,733


Short-term and other investments

976



1,359


Accounts receivable, net

8,087



7,729


Current portion of customer financing, net

184



190


Deferred income taxes

17



18


Inventories, net of advances and progress billings

48,502



46,756


Total current assets

66,421



67,785


Customer financing, net

3,301



3,371


Property, plant and equipment, net of accumulated depreciation of $15,880 and $15,689

11,172



11,007


Goodwill

5,105



5,119


Acquired intangible assets, net

2,809



2,869


Deferred income taxes

6,485



6,576


Investments

1,154



1,154


Other assets, net of accumulated amortization of $506 and $479

1,328



1,317


Total assets


$97,775




$99,198


Liabilities and equity




Accounts payable


$11,497




$10,667


Accrued liabilities

11,958



13,343


Advances and billings in excess of related costs

22,752



23,175


Deferred income taxes and income taxes payable

8,916



8,603


Short-term debt and current portion of long-term debt

133



929


Total current liabilities

55,256



56,717


Accrued retiree health care

6,789



6,802


Accrued pension plan liability, net

17,362



17,182


Non-current income taxes payable

352



358


Other long-term liabilities

1,081



1,208


Long-term debt

8,905



8,141


Shareholders' equity:




Common stock, par value $5.00 -- 1,200,000,000 shares authorized; 1,012,261,159 shares issued

5,061



5,061


Additional paid-in capital

4,657



4,625


Treasury stock, at cost -- 318,257,541 and 305,533,606 shares

(25,513)



(23,298)


Retained earnings

37,516



36,180


Accumulated other comprehensive loss

(13,815)



(13,903)


Total shareholders' equity

7,906



8,665


Noncontrolling interests

124



125


Total equity

8,030



8,790


Total liabilities and equity


$97,775




$99,198



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