Boeing 2005 Annual Report Download - page 49

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Consolidated Statements of Financial Position
(Dollars in millions except per share data)
December 31, 2005 2004
Assets
Cash and cash equivalents $ 5,412 $ 3,204
Short-term investments 554 319
Accounts receivable, net 5,246 4,653
Current portion of customer financing, net 367 616
Deferred income taxes 2,449 1,991
Inventories, net of advances and progress billings 7,940 6,508
Assets of discontinued operations 70
Total current assets 21,968 17,361
Customer financing, net 9,639 10,385
Property, plant and equipment, net 8,420 8,443
Goodwill 1,924 1,948
Other acquired intangibles, net 875 955
Prepaid pension expense 13,251 12,588
Deferred income taxes 140 154
Investments 2,852 3,050
Other assets, net of accumulated amortization of $204 and $142 989 1,340
$60,058 $56,224
Liabilities and Shareholders’ Equity
Accounts payable and other liabilities $16,513 $14,869
Advances and billings in excess of related costs 9,930 6,384
Income taxes payable 556 522
Short-term debt and current portion of long-term debt 1,189 1,321
Total current liabilities 28,188 23,096
Deferred income taxes 2,067 1,090
Accrued retiree health care 5,989 5,959
Accrued pension plan liability 2,948 3,169
Deferred lease income 269 745
Long-term debt 9,538 10,879
Shareholders’ equity:
Common shares, par value $5.00 – 1,200,000,000 shares authorized;
Shares issued – 1,012,261,159 and 1,011,870,159 5,061 5,059
Additional paid-in capital 4,371 3,420
Treasury stock, at cost – 212,090,978 and 179,686,231 (11,075) (8,810)
Retained earnings 17,276 15,565
Accumulated other comprehensive loss (1,778) (1,925)
ShareValue Trust – 39,593,463 and 38,982,205 (2,796) (2,023)
Total shareholders’ equity 11,059 11,286
$60,058 $56,224
See notes to consolidated financial statements on pages 50–84.
The Boeing Company and Subsidiaries 47