The Boeing Company and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

Nine months ended
September 30

(Dollars in millions)

2017

2016

Cash flows – operating activities:

Net earnings

$5,065

$3,264

Adjustments to reconcile net earnings to net cash provided by operating activities:

Non-cash items – 

Share-based plans expense

151

144

Depreciation and amortization

1,487

1,364

Investment/asset impairment charges, net

75

61

Customer financing valuation expense/(benefit)

4

(5)

Loss on dispositions, net

10

Other charges and credits, net

190

219

Changes in assets and liabilities – 

Accounts receivable

(1,983)

(517)

Inventories, net of advances and progress billings

254

4,334

Accounts payable

778

1,366

Accrued liabilities

112

82

Advances and billings in excess of related costs

2,828

(1,717)

Income taxes receivable, payable and deferred

1,465

(725)

Other long-term liabilities

25

(67)

Pension and other postretirement plans

(550)

144

Customer financing, net

635

(195)

Other

(96)

(95)

   Net cash provided by operating activities

10,440

7,667

Cash flows – investing activities:

Property, plant and equipment additions

(1,304)

(2,014)

Property, plant and equipment reductions

30

14

Contributions to investments

(2,847)

(928)

Proceeds from investments

2,612

956

Purchase of distribution rights

(131)

Other

4

8

   Net cash used by investing activities

(1,636)

(1,964)

Cash flows – financing activities:

New borrowings

876

1,323

Debt repayments

(83)

(836)

Repayments of distribution rights and other asset financing

(24)

Stock options exercised

291

192

Employee taxes on certain share-based payment arrangements

(118)

(83)

Common shares repurchased

(7,500)

(6,501)

Dividends paid

(2,575)

(2,084)

(9,109)

(8,013)

Effect of exchange rate changes on cash and cash equivalents

73

(6)

Net decrease in cash and cash equivalents

(232)

(2,316)

Cash and cash equivalents at beginning of year

8,801

11,302

Cash and cash equivalents at end of period

$8,569

$8,986