NYSE: BA
BOEING COCIK 0000012927 · SIC 3721 · Aircraft
The Boeing Company, together with its subsidiaries (herein referred to as “Boeing,” the “Company,” “we,” “us,” “our”), is one of the world’s major aerospace firms. About this business →
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Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(Dollars in millions, except per share data)
| Description | Six months ended June 30 2026 | Six months ended June 30 2025 | Three months ended June 30 2026 | Three months ended June 30 2025 |
|---|---|---|---|---|
| Sales of products | 40,364 | 35,269 | 21,366 | 19,122 |
| Sales of services | 6,413 | 6,976 | 3,194 | 3,627 |
| Total revenues | 46,777 | 42,245 | 24,560 | 22,749 |
| Cost of products | (36,518) | (31,785) | (19,487) | (17,406) |
| Cost of services | (5,299) | (5,608) | (2,659) | (2,908) |
| Total costs and expenses | (41,817) | (37,393) | (22,146) | (20,314) |
| 4,960 | 4,852 | 2,414 | 2,435 | |
| Income from operating investments, net | 14 | 28 | 24 | 25 |
| General and administrative expense | (2,625) | (2,905) | (1,428) | (1,793) |
| Research and development expense, net | (1,824) | (1,754) | (921) | (910) |
| Gain on dispositions, net | 79 | 64 | 67 | 67 |
| Earnings/(loss) from operations | 604 | 285 | 156 | (176) |
| Other income, net | 273 | 648 | 79 | 325 |
| Interest and debt expense | (1,216) | (1,418) | (600) | (710) |
| Loss before income taxes | (339) | (485) | (365) | (561) |
| Income tax expense | (96) | (158) | (63) | (51) |
| Net loss | (435) | (643) | (428) | (612) |
| Less: Net earnings/(loss) attributable to noncontrolling interest | 13 | 5 | 16 | (1) |
| Net loss attributable to Boeing shareholders | (448) | (648) | (444) | (611) |
| Less: Mandatory convertible preferred stock dividends accumulated during the period | 172 | 172 | 86 | 86 |
| Net loss attributable to Boeing common shareholders | (620) | (820) | (530) | (697) |
| Basic loss per share | (0.79) | (1.09) | (0.67) | (0.92) |
| Diluted loss per share | (0.79) | (1.09) | (0.67) | (0.92) |
Condensed Consolidated Statements of Financial Position (Unaudited)
(Dollars in millions, except per share data)
| Description | June 30 2026 | December 31 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | 7,239 | 10,921 |
| Short-term and other investments | 12,783 | 18,479 |
| Accounts receivable, net | 3,515 | 2,921 |
| Unbilled receivables, net | 9,660 | 9,158 |
| Inventories | 88,388 | 84,679 |
| Other current assets, net | 3,045 | 2,301 |
| Total current assets | 124,630 | 128,459 |
| Financing receivables and operating lease equipment, net | 365 | 241 |
| Property, plant and equipment, net of accumulated depreciation of $24,318 and $23,613 | 16,321 | 15,361 |
| Goodwill | 17,554 | 17,275 |
| Acquired intangible assets, net | 1,531 | 1,567 |
| Deferred income taxes | 152 | 107 |
| Investments | 1,117 | 1,048 |
| Other assets, net of accumulated amortization of $1,138 and $1,014 | 4,200 | 4,177 |
| Total assets | 165,870 | 168,235 |
| Liabilities and equity | ||
| Accounts payable | 14,346 | 13,109 |
| Accrued liabilities | 26,593 | 27,141 |
| Advances and progress billings | 64,059 | 59,404 |
| Short-term debt and current portion of long-term debt | 4,565 | 8,461 |
| Total current liabilities | 109,563 | 108,115 |
| Deferred income taxes | 260 | 216 |
| Accrued retiree health care | 2,027 | 2,091 |
| Accrued pension plan liability, net | 4,108 | 4,287 |
| Other long-term liabilities | 2,462 | 2,432 |
| Long-term debt | 41,335 | 45,637 |
| Total liabilities | 159,755 | 162,778 |
| Shareholders’ equity: | ||
| Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference $5,750 | 6 | 6 |
| 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 | 21,949 | 21,441 |
| Treasury stock, at cost 222,468,625 and 227,562,887 shares | (27,416) | (28,029) |
| Retained earnings | 16,632 | 17,252 |
| Accumulated other comprehensive loss | (10,132) | (10,277) |
| Total shareholders' equity | 6,100 | 5,454 |
| Noncontrolling interests | 15 | 3 |
| Total equity | 6,115 | 5,457 |
| Total liabilities and equity | 165,870 | 168,235 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in millions)
| Description | Six months ended June 30 2026 | Six months ended June 30 2025 |
|---|---|---|
| Cash flows – operating activities: | ||
| Net loss | (435) | (643) |
| Adjustments to reconcile net loss to net cash provided/(used) by operating activities: | ||
| Non-cash items – | ||
| Share-based plans expense | 264 | 254 |
| Treasury shares issued for 401(k) contributions | 855 | 793 |
| Depreciation and amortization | 1,169 | 926 |
| Investment/asset impairment charges, net | 18 | 30 |
| Gain on dispositions, net | (79) | (64) |
| Other charges and credits, net | 149 | 162 |
| Changes in assets and liabilities – | ||
| Accounts receivable | (553) | (683) |
| Unbilled receivables | (504) | (908) |
| Advances and progress billings | 4,660 | (616) |
| Inventories | (3,859) | (374) |
| Other current assets | (642) | 265 |
| Accounts payable | 1,381 | (46) |
| Accrued liabilities | (1,070) | (248) |
| Income taxes receivable, payable and deferred | (20) | (3) |
| Other long-term liabilities | (92) | (212) |
| Pension and other postretirement plans | (55) | (292) |
| Financing receivables and operating lease equipment, net | (137) | 185 |
| Other | 135 | 85 |
| Net cash provided/(used) by operating activities | 1,185 | (1,389) |
| Cash flows – investing activities: | ||
| Payments to acquire property, plant and equipment | (2,008) | (1,101) |
| Proceeds from disposals of property, plant and equipment | 3 | 4 |
| Proceeds from dispositions | 35 | |
| Contributions to investments | (19,444) | (21,581) |
| Proceeds from investments | 25,090 | 18,847 |
| Supplier notes receivable | (11) | (150) |
| Other | (1) | |
| Net cash provided/(used) by investing activities | 3,629 | (3,946) |
| Cash flows – financing activities: | ||
| New borrowings | 35 | 98 |
| Debt repayments | (8,376) | (677) |
| Employee taxes on certain share-based payment arrangements | (32) | (18) |
| Dividends paid on mandatory convertible preferred stock | (172) | (158) |
| Other | 32 | 30 |
| Net cash used by financing activities | (8,513) | (725) |
| Effect of exchange rate changes on cash and cash equivalents | 2 | 34 |
| Net decrease in cash & cash equivalents, including restricted | (3,697) | (6,026) |
| Cash & cash equivalents, including restricted, at beginning of year | 11,663 | 13,822 |
| Cash & cash equivalents, including restricted, at end of period | 7,966 | 7,796 |
| Less restricted cash & cash equivalents, included in Investments | 727 | 709 |
| Cash and cash equivalents at end of period | 7,239 | 7,087 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in millions, except per share data); (Dollars in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About BOEING CO
Source: Item 1 (Business) from the 10-K filed January 30, 2026. Description as filed by the company with the SEC.
Item 1. Business
The Boeing Company, together with its subsidiaries (herein referred to as “Boeing,” the “Company,” “we,” “us,” “our”), is one of the world’s major aerospace firms.
We are organized based on the products and services we offer. We operate in three reportable segments:
•Commercial Airplanes (BCA);
•Defense, Space & Security (BDS);
•Global Services (BGS).
Commercial Airplanes Segment
This segment develops, produces and markets commercial jet aircraft principally to the commercial airline industry worldwide. We are a leading producer of commercial aircraft and offer a family of commercial jetliners designed to meet a broad spectrum of global passenger and cargo requirements of airlines. This family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Development continues on the 777X program and the 737-7 and 737-10 derivatives.
Defense, Space & Security Segment
This segment engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, including fighter and trainer aircraft; vertical lift, including rotorcraft and tilt-rotor aircraft; and commercial derivative aircraft, including anti-submarine and tanker aircraft. In addition, this segment engages in the research, development, production and modification of the following products and related services: strategic defense and intelligence systems, including strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems, satellite systems, including government and commercial satellites and space exploration.
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Global Services Segment
This segment provides services to our commercial and defense customers worldwide. Global Services sustains aerospace platforms and systems with a full spectrum of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and digital solutions and analytics.
Intellectual Property
We own numerous patents and have licenses for the use of patents owned by others, which relate to our products and their manufacture. In addition to owning a large portfolio of intellectual property, we also license intellectual property to and from third parties. For example, the U.S. government has licenses in our patents that are developed in performance of government contracts, and it may use or authorize others to use the inventions covered by such patents for government purposes. Unpatented research, development and engineering skills, as well as certain trademarks, trade secrets and other intellectual property rights, also make an important contribution to our business. While our intellectual
property rights in the aggregate are important to the operation of each of our businesses, we do not believe that our business would be materially affected by the expiration of any particular intellectual property right or termination of any particular intellectual property patent license agreement.
Human Capital
As of December 31, 2025, Boeing’s total workforce was approximately 182,000 with 14% located outside of the U.S.
As of December 31, 2025, our workforce included approximately 72,000 union members. As of December 31, 2025, we had 32 independent agreements with nine different unions in the U.S., and we had agreements with 18 employee representative bodies internationally. Information about our principal collective bargaining agreements is set forth in the following table:
Union % of Total Workforce
Major Agreements with Union
Principal Location
Expiration Date
The International Association of Machinists and Aerospace Workers (IAM) 25%
IAM District 70
Kansas
June 2027
IAM District 751
Washington
September 2028
IAM District 837
Missouri
July 2030
The Society of Professional Engineering Employees in Aerospace (SPEEA) 11%
SPEEA Professional
Kansas
January 2026
SPEEA Technical
Washington
October 2026
SPEEA Professional
Washington
October 2026
SPEEA Technical
Kansas
December 2028
The United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) 1%
UAW Local 952
Oklahoma
January 2026
UAW Local 1069
Pennsylvania
April 2027
During 2024, employees represented by IAM District 751, which represents over 30,000 Boeing manufacturing employees primarily located in Washington state, went out on strike for 53 days, halting production of most of our commercial aircraft and certain of our Defense, Space & Security products, and materially adversely impacting our business and financial position. During 2025, employees represented by IAM District 837, which represents approximately 3,200 employees at our St. Louis area sites, went out on strike for 101 days, disrupting our St. Louis operations and impacting programs including F/A-18, F-15, T-7A, MQ-25 and Weapons. We may experience additional work stoppages in the future, which could materially adversely affect our business, financial position, results of operations and cash flows and result in the diversion of management’s attention from other ongoing business concerns.
For information on risks related to our human capital, see “Risks Related to Our Business and Operations” in