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Income Statement

Consolidated Statement of Income

THE BOEING COMPANY (BA-PRA)

Three and Six Months Ended (In millions, except shares and per share data)

	Jun 30, 2026 (Q2)	Jun 30, 2025 (Q2)	Jun 30, 2026 (YTD)	Jun 30, 2025 (YTD)
Total revenues	$24,560	$22,749	$46,777	$42,245
Product	$21,366	$19,122	$40,364	$35,269
Service	$3,194	$3,627	$6,413	$6,976
Cost of products and services	$(22,146)	$(20,314)	$(41,817)	$(37,393)
Product	$(19,487)	$(17,406)	$(36,518)	$(31,785)
Service	$(2,659)	$(2,908)	$(5,299)	$(5,608)
Total costs and expenses	$(22,146)	$(20,314)	$(41,817)	$(37,393)
Gross profit	$2,414	$2,435	$4,960	$4,852
Income from operating investments, net	$24	$25	$14	$28
General and administrative expense	$(1,428)	$(1,793)	$(2,625)	$(2,905)
Research and development expense, net	$(921)	$(910)	$(1,824)	$(1,754)
Gain on dispositions, net	$67	$67	$79	$64
Earnings/(loss) from operations	156	(176)	604	285
Other income, net	$79	$325	$273	$648
Interest and debt expense	$(600)	$(710)	$(1,216)	$(1,418)
Loss before income taxes	$(365)	$(561)	$(339)	$(485)
Income tax expense	$(63)	$(51)	$(96)	$(158)
Net loss	$(428)	$(612)	$(435)	$(643)
Less: Net earnings/(loss) attributable to noncontrolling interest	$16	$(1)	$13	$5
Net loss attributable to Boeing shareholders	$(444)	$(611)	$(448)	$(648)
Less: Mandatory convertible preferred stock dividends accumulated during the period	$86	$86	$172	$172
Net loss attributable to Boeing common shareholders	$(530)	$(697)	$(620)	$(820)
Net loss attributable to Boeing common shareholders	$(530)	$(697)	$(620)	$(820)
Basic loss per share (in dollars per share)	-0.67	-0.92	-0.79	-1.09
Diluted loss per share (in dollars per share)	-0.67	-0.92	-0.79	-1.09

Balance Sheet

Consolidated Balance Sheets

THE BOEING COMPANY (BA-PRA)

As of June 30, 2026 and December 31, 2025 (In millions, except shares and per share data)

	Jun 30, 2026	Dec 31, 2025
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
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
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
Mandatory convertible preferred stock	$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

Cash Flow

Consolidated Statement of Cash Flows

THE BOEING COMPANY (BA-PRA)

Six Months Ended (In millions, except shares and per share data)

	Jun 30, 2026 (YTD)	Jun 30, 2025 (YTD)
Net (loss)/earnings	$(435)	$(643)
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
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)
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)
Time Deposits	$(19,090)	$(21,245)
Proceeds from investments	$25,090	$18,847
Time Deposits	$24,790	$18,540
Supplier notes receivable	$(11)	$(150)
Other	$(1)
Net cash provided/(used) by investing activities	$3,629	$(3,946)
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 end of period
Cash & cash equivalents, including restricted, at end of period
Less restricted cash & cash equivalents, included in Investments
Cash and cash equivalents at end of period