The Boeing Company (BA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -179M | 1.33B | 1.12B | 227M | -1.62B | -3.45B | -1.34B | -3.92B | -3.36B | 3.38B | 22M | 2.88B | -318M | 3.46B | 3.19B | 81M | -3.22B | 716M | -262M | -483M |
| Operating CF Margin % | -0.81% | 5.56% | 4.83% | 1% | -8.29% | -22.63% | -7.54% | -23.26% | -20.29% | 15.36% | 0.12% | 14.56% | -1.77% | 17.3% | 19.99% | 0.49% | -22.99% | 4.84% | -1.71% | -2.84% |
| Operating CF Growth % | 88.92% | 138.58% | 183.49% | 105.79% | 51.93% | -202.04% | -6213.64% | -236.45% | -957.23% | -2.2% | -99.31% | 3449.38% | 90.11% | 382.82% | 1317.56% | 116.77% | 5.05% | 117.86% | 94.56% | 90.85% |
| Net Income | -4M | 7.87B | -5.34B | -612M | -31M | -3.88B | -6.17B | -1.44B | -355M | -30M | -1.64B | -149M | -414M | -663M | -3.27B | 160M | -1.24B | -4.16B | -132M | 567M |
| Depreciation & Amortization | 573M | 536M | 491M | 460M | 466M | 509M | 444M | 441M | 442M | 481M | 467M | 456M | 457M | 502M | 493M | 498M | 486M | 534M | 523M | 551M |
| Stock-Based Compensation | 161M | 83M | 89M | 119M | 135M | 97M | 102M | 89M | 119M | 460M | 167M | 159M | 222M | 485M | 176M | 149M | 203M | 156M | 184M | 172M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -150K | 0 | 0 | 0 | 33M | 150K | 150K | 0 | 0 | 180K | 0 | 0 | 3.49B | -135M | -90M |
| Other Non-Cash Items | 318M | -8.7B | 5.58B | 394M | 527M | 1.66B | 3.69B | 311M | 637M | 14M | 286.85M | 305.85M | 586M | 3M | 413.82M | 361M | 623M | 727M | 240M | 285M |
| Working Capital Changes | -1.23B | 1.54B | 304M | -134M | -2.71B | -1.83B | 597M | -3.33B | -4.21B | 2.42B | 739M | 2.1B | -1.17B | 3.13B | 5.38B | -1.09B | -3.29B | -29M | -942M | -1.97B |
| Change in Receivables | -1.14B | 487M | 165M | -177M | -570M | 1.47B | 659M | -112M | -1.61B | 395M | -90M | -92M | -1.29B | 164M | 328M | -587M | 237M | -433M | 243M | -129M |
| Change in Inventory | -2.63B | 64M | -1.19B | 1.15B | -1.52B | -5.5B | -917M | -2.16B | -3.78B | -741M | -699M | 149M | -390M | 1.58B | 96M | -57M | -1.2B | -1.64B | 95M | 1.09B |
| Change in Payables | 1.07B | 185M | 585M | 49M | -95M | -915M | 344M | 42M | -264M | 690M | 130M | 621M | 231M | 248M | 195M | 764M | -369M | -218M | -1.53B | -1.22B |
| Cash from Investing | 5.71B | 6.4B | -1.96B | -2.23B | -1.72B | -12.63B | 679M | -2.1B | 2.07B | 2.8B | -403M | -3.02B | -1.82B | -2.15B | 290M | 3.27B | 2.96B | 1.94B | 2.97B | 1.66B |
| Capital Expenditures | -1.27B | -956M | -885M | -427M | -674M | -648M | -611M | -404M | -567M | -431M | -332M | -296M | -468M | -326M | -284M | -263M | -349M | -222M | -245M | -222M |
| CapEx % of Revenue | 5.74% | 3.99% | 3.8% | 1.88% | 3.46% | 4.25% | 3.42% | 2.4% | 3.42% | 1.96% | 1.83% | 1.5% | 2.61% | 1.63% | 1.78% | 1.58% | 2.49% | 1.5% | 1.6% | 1.31% |
| Acquisitions | 0 | -1.17B | 1M | 1M | 3M | 124M | 0 | 0 | 0 | -51M | -13M | 8M | 0 | 16M | 3M | 8M | 8M | 144M | 328M | 49M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -5M | 10.17B | -142M | -116M | 1M | -194M | 51M | -588M | -23M | 7M | 1M | -156M | 3M | 0 | -13M | 1M | 9M | -1M | 2M | 1M |
| Cash from Financing | -7.03B | -2.95B | -87M | -387M | -338M | 19.97B | -300M | 10B | -4.46B | -356M | -38M | -3.41B | -1.68B | -250M | -18M | -602M | -396M | -4.36B | -1.17B | -19M |
| Debt Issued (Net) | -6.93B | -2.87B | -4M | -313M | -266M | -3.81B | -312M | 10.02B | -4.42B | -15M | -41M | -3.4B | -1.68B | -257M | -21M | -604M | -394M | -4.35B | -1.17B | -23M |
| Equity Issued (Net) | -31M | 0 | 0 | 0 | 0 | 23.86B | -6M | -2M | -65M | -356M | 1M | -6M | 44M | 11M | 5M | 4M | 30M | 6M | 7M | 6M |
| Dividends Paid | -86M | -87M | -86M | -86M | -72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -31M | 0 | 0 | 0 | 0 | -10M | -6M | -2M | -65M | -356M | 0 | -6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 15M | 9M | 3M | 12M | 0 | -78M | 18M | -21M | 18M | 15M | 2M | -4M | -42M | -4M | -2M | -2M | -32M | -19M | -7M | -2M |
| Net Change in Cash | -1.5B | 4.78B | -914M | -2.37B | -3.66B | 3.84B | -933M | 3.98B | -5.8B | 5.88B | -443M | -3.56B | -3.81B | 1.12B | 3.4B | 2.68B | -643M | -1.71B | 1.51B | 1.21B |
| Free Cash Flow | -1.45B | -1.18B | 1.8B | -200M | -2.29B | -4.1B | -1.96B | -4.42B | -3.93B | 2.95B | -310M | 2.58B | -786M | 3.13B | 2.91B | -182M | -3.56B | 494M | -507M | -705M |
| FCF Margin % | -6.54% | -4.94% | 7.72% | -0.88% | -11.75% | -26.88% | -10.96% | -26.18% | -23.71% | 13.4% | -1.71% | 13.06% | -4.39% | 15.67% | 18.21% | -1.09% | -25.48% | 3.34% | -3.32% | -4.15% |
| FCF Growth % | 36.51% | 71.11% | 191.87% | 95.47% | 41.72% | -238.92% | -530.97% | -271.19% | -399.87% | -5.78% | -110.67% | 1517.03% | 77.95% | 533.81% | 673.18% | 74.18% | 3.07% | 111.56% | 90.02% | 87.47% |
| FCF per Share | -1.78 | -1.49 | 2.37 | -0.26 | -3.04 | -5.71 | -3.16 | -7.16 | -6.41 | 4.84 | -0.51 | 4.26 | -1.30 | 5.23 | 4.87 | -0.31 | -6.03 | 0.84 | -0.86 | -1.19 |
| FCF Conversion (FCF/Net Income) | 44.75x | 0.16x | -0.21x | -0.37x | 43.68x | 0.89x | 0.22x | 2.73x | 9.80x | -147.00x | -0.01x | -19.30x | 0.77x | -5.45x | -0.97x | 0.42x | 2.64x | -0.17x | 2.40x | -0.82x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |