Filing Flows

Filing Flows › Companies › Boeing › Cash flow

Boeing cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$464M in Q3 2026 · $16.0M over twelve months

Operating cash flow$1.5B
Capital spending−$1.0B
Free cash flow+$464M
Cash conversion cycle327 days

Analysis

In Q3 2026, Boeing generated $1.5B of operating cash flow and spent $1.0B on capital projects, leaving free cash flow of $464M. That is $226M more than in Q3 2025 ($238M).

Over the twelve months to Sep 30, 2026, operating cash flow was $4.0B; the largest uses were net borrowing (+) / repaid (−) ($11.2B), capital spending ($4.0B), dividends ($346M); besides operations, cash came from other investing ($14.2B), asset & business sales ($98.0M); the cash balance rose by $2.7B.

Operating cash flow was $1.5B against net income of −$116M. The largest differences: deferred revenue +$3.5B, inventory −$2.9B, payables +$1.1B.

Its cash conversion cycle was 327 days (receivables 14 + inventory 375 − payables 62).

Free cash flow

Boeing: free cash flow by quarterBoeing: free cash flow by quarter−$4.1BQ4 2024−$2.3BQ1 2025−$200MQ2 2025$238MQ3 2025$375MQ4 2025−$1.5BQ1 2026$631MQ2 2026$464MQ3 2026
Operating cash flow less capital spending.
Boeing: operating cash flow against capital spendingBoeing: operating cash flow against capital spendingOperating cash flowCapital spending−$3.5B$648MQ4 2024−$1.6B$674MQ1 2025$227M$427MQ2 2025$1.1B$885MQ3 2025$1.3B$956MQ4 2025−$179M$1.3BQ1 2026$1.4B$733MQ2 2026$1.5B$1.0BQ3 2026
Latest (Q3 2026): Operating cash flow $1.5B, Capital spending $1.0B.

Capital allocation, year by year

Boeing: where the cash came from (up) and went (down), by fiscal yearBoeing: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsDividendsFY2021: Operating cash flow −$3.4BFY2021: Net borrowing −$5.6BFY2021: Shares issued $42.0MFY2021: Asset sales $529MFY2021: Capital spending −$980MFY2021: Acquisitions −$6.0M$571MFY2021FY2022: Operating cash flow $3.5BFY2022: Net borrowing −$1.3BFY2022: Shares issued $50.0MFY2022: Asset sales $35.0MFY2022: Capital spending −$1.2B$3.6BFY2022FY2023: Operating cash flow $6.0BFY2023: Net borrowing −$5.1BFY2023: Shares issued $45.0MFY2023: Asset sales $27.0MFY2023: Capital spending −$1.5BFY2023: Acquisitions −$70.0M$6.0BFY2023FY2024: Operating cash flow −$12.1BFY2024: Net borrowing $1.5BFY2024: Shares issued $23.9BFY2024: Asset sales $173MFY2024: Capital spending −$2.2BFY2024: Acquisitions −$50.0M$25.5BFY2024FY2025: Operating cash flow $1.1BFY2025: Net borrowing −$3.5BFY2025: Asset sales $10.7BFY2025: Capital spending −$2.9BFY2025: Acquisitions −$1.2BFY2025: Dividends −$331M$11.7BFY2025
Over these 5 years operating cash flow totalled −$5.0B; the largest uses were operating cash flow ($15.5B) and net borrowing ($15.4B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$20.7B
Debt$45.6B
Net debt$24.9B
Due within a year$8.4B

Boeing funds itself: free cash flow was $16.0M over the last twelve months, and $20.7B of cash and investments stands against $45.6B of debt ($8.4B due within a year, 2.5× covered by cash).

Boeing: debt maturities by year (FY2025)Boeing: debt maturities by year (FY2025)$8.4BYear 1$4.4BYear 2$2.7BYear 3$2.5BYear 4$5.3BYear 5
Principal due in each year as disclosed in the annual report, against $20.7B of cash and investments now.

Where the cash came from and went

Boeing: sources (+) and uses (−) of cash, Q3 2026Boeing: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)−$1.6BOperating cash flow$1.5BOther investing$1.2BCapital spending−$1.0BDividends−$86.0MNet borrowing (+) / repaid (−)−$28.0MAsset & business sales$18.0MOther financing$13.0MTaxes on employees’ shares−$6.0MExchange rates$3.0M
Boeing: sources (+) and uses (−) of cash, TTM to Q3 2026Boeing: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing$14.2BNet borrowing (+) / repaid (−)−$11.2BOperating cash flow$4.0BCapital spending−$4.0BCash drawn (+) / kept (−)−$2.7BDividends−$346MAsset & business sales$98.0MOther financing$61.0MTaxes on employees’ shares−$44.0MExchange rates$6.0M

From profit to cash

Boeing: net income to operating cash flow, Q3 2026Boeing: net income to operating cash flow, Q3 2026Net income−$116MDepreciation & amortization$584MStock-based pay$97.0MImpairments$104MOther non-cash−$150MReceivables−$577MInventory−$2.9BPayables$1.1BAccrued liabilities−$492MDeferred revenue$3.5BContract assets−$535MPrepaid and other assets$515MOther liabilities−$56.0MIncome taxes payable−$56.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20261437562327
Q2 20261336158316
Q1 20261339361345
Q4 20251234752308
Q3 20251330541277
Q2 20251339650359
Q1 20251346559420
Q4 20241746765419

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$1.5B−$1.0B−$86.0M−$28.0M−$1.6B$464M
Q2 2026$1.4B−$733M−$86.0M−$1.4B$2.2B$631M
Q1 2026−$179M−$1.3B−$86.0M−$6.9B$1.5B−$1.5B
Q4 2025$1.3B−$956M−$87.0M−$2.9B−$4.8B$375M
Q3 2025$1.1B−$885M−$86.0M−$4.0M$914M$238M
Q2 2025$227M−$427M−$86.0M−$313M$2.4B−$200M
Q1 2025−$1.6B−$674M−$72.0M−$266M$3.7B−$2.3B
Q4 2024−$3.5B−$648M—−$3.8B−$3.8B−$4.1B

Boeing: income statement and cash flow

Boeing, Q3 2026: revenue $24.2B (+4% year over year), operating margin 1.5%. The chart follows the revenue to costs, profit and cash.

Boeing: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.