Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 18

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 18
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5 to be higher than in 2024.

Financing Activities Net cash used by financing activities was $0.7 billion during the six months ended June 30, 2025, compared with net cash provided of $5.5 billion during the same period in 2024. During the six months ended June 30, 2025, net repayments were $0.6 billion compared with net borrowings of $5.6 billion during the same period in 2024. Dividends paid on mandatory convertible preferred stock during the six months ended June 30, 2025, was $0.2 billion.

As of June 30, 2025, the total debt balance was $53.3 billion, down from $53.9 billion at December 31, 2024. At June 30, 2025, $8.7 billion of debt was classified as short-term.

Capital Resources

At June 30, 2025, we had $7.1 billion of cash, $15.9 billion of short-term investments, and $10.0 billion of unused borrowing capacity on revolving credit line agreements. Our $3.0 billion three-year revolving credit agreement expiring in August 2025, $3.0 billion five-year revolving credit agreement expiring in August 2028, and $4.0 billion five-year revolving credit agreement expiring in May 2029 remain in effect. We anticipate that these credit lines will primarily serve as back-up liquidity to support our general corporate borrowing needs. At June 30, 2025 we were in full compliance with all covenants contained in our debt and credit facility agreements.

For discussion related to the Spirit Acquisition and Digital Aviation Solutions Divestiture, see Note 2 and Note 3 to our Condensed Consolidated Financial Statements.

We currently maintain investment grade credit ratings across all three credit rating agencies. In June 2025, Fitch affirmed the BBB- credit rating and revised the outlook to stable from negative. In April 2025, S&P affirmed the BBB- credit rating with a negative outlook and removed the credit watch negative. At Moody's we are rated Baa3 with a negative outlook.

We expect to be able to access capital markets when we require additional funding to support our operations, pay off existing debt, address impacts to our business related to market developments, fund outstanding financing commitments or meet other business requirements; however, a number of factors could increase the cost of