Contributions from noncontrolling interests

[Table of](#i96cbbb599c964cb4a125b720672b6568_10) [Contents](#i96cbbb599c964cb4a125b720672b6568_10)The Boeing Company and SubsidiariesConsolidated Statements of Cash Flows

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (Dollars in millions) |   |  |   |  |   |
| Years ended December 31, | 2021 |  | 2020 |  | 2019 |
| Cash flows – operating activities: |  |  |  |  |  |
| Net loss | ($4,290) |  |  | ($11,941) |  |  | ($636) |  |
| Adjustments to reconcile net loss to net cash used by operating activities: |  |  |  |  |  |
| Non-cash items – |  |  |  |  |  |
| Share-based plans expense | 833  |  |  | 250  |  |  | 212  |  |
| Treasury shares issued for 401(k) contribution | 1,233  |  |  | 195  |  |  |  |
| Depreciation and amortization | 2,144  |  |  | 2,246  |  |  | 2,271  |  |
| Investment/asset impairment charges, net | 98  |  |  | 410  |  |  | 443  |  |
| Customer financing valuation adjustments |  |  | 12  |  |  | 250  |  |
|  |  |  |  |  |  |
|  |  |  |  |  |  |
| Gain on dispositions, net | (277) |  |  | (202) |  |  | (691) |  |
| 787 and 777X reach-forward losses | 3,460  |  |  | 6,493  |  |  |  |
| Other charges and credits, net | 360  |  |  | 1,462  |  |  | 334  |  |
|  |  |  |  |  |  |
| Changes in assets and liabilities – |  |  |  |  |  |
| Accounts receivable | (713) |  |  | 909  |  |  | 603  |  |
| Unbilled receivables | (586) |  |  | 919  |  |  | 982  |  |
| Advances and progress billings | 2,505  |  |  | (1,060) |  |  | 737  |  |
| Inventories | (1,127) |  |  | (11,002) |  |  | (12,391) |  |
| Other current assets | 345  |  |  | 372  |  |  | (682) |  |
| Accounts payable | (3,783) |  |  | (5,363) |  |  | 1,600  |  |
| Accrued liabilities | (3,687) |  |  | 1,074  |  |  | 7,781  |  |
| Income taxes receivable, payable and deferred | 733  |  |  | (2,576) |  |  | (2,476) |  |
| Other long-term liabilities | (206) |  |  | (222) |  |  | (621) |  |
| Pension and other postretirement plans | (972) |  |  | (794) |  |  | (777) |  |
| Customer financing, net | 210  |  |  | 173  |  |  | 419  |  |
| Other | 304  |  |  | 235  |  |  | 196  |  |
| Net cash used by operating activities | (3,416) |  |  | (18,410) |  |  | (2,446) |  |
| Cash flows – investing activities: |  |  |  |  |  |
| Payments to acquire property, plant and equipment | (980) |  |  | (1,303) |  |  | (1,834) |  |
| Proceeds from disposals of property, plant and equipment  | 529  |  |  | 296  |  |  | 334  |  |
| Acquisitions, net of cash acquired | (6) |  |  |  |  | (455) |  |
| Proceeds from dispositions |  |  |  |  | 464  |  |
| Contributions to investments | (35,713) |  |  | (37,616) |  |  | (1,658) |  |
| Proceeds from investments | 45,489  |  |  | 20,275  |  |  | 1,759  |  |
| Purchase of distribution rights |  |  |  |  | (127) |  |
| Other | 5  |  |  | (18) |  |  | (13) |  |
| Net cash provided/(used) by investing activities | 9,324  |  |  | (18,366) |  |  | (1,530) |  |
| Cash flows – financing activities: |  |  |  |  |  |
| New borrowings | 9,795  |  |  | 47,248  |  |  | 25,389  |  |
| Debt repayments | (15,371) |  |  | (10,998) |  |  | (12,171) |  |
|  |  |  |  |  |  |
| Contributions from noncontrolling interests |  |  |  |  | 7  |  |
|  |  |  |  |  |  |
| Stock options exercised | 42  |  |  | 36  |  |  | 58  |  |
|  |  |  |  |  |  |
| Employee taxes on certain share-based payment arrangements | (66) |  |  | (173) |  |  | (248) |  |
| Common shares repurchased |  |  |  |  | (2,651) |  |
| Dividends paid |  |  | (1,158) |  |  | (4,630) |  |
| Other |  |  |  |  | (15) |  |
| Net cash (used)/provided by financing activities | (5,600) |  |  | 34,955  |  |  | 5,739  |  |
| Effect of exchange rate changes on cash and cash equivalents | (39) |  |  | 85  |  |  | (5) |  |
| Net increase/(decrease) in cash & cash equivalents, including restricted | 269  |  |  | (1,736) |  |  | 1,758  |  |
| Cash & cash equivalents, including restricted, at beginning of year | 7,835  |  |  | 9,571  |  |  | 7,813  |  |
| Cash & cash equivalents, including restricted, at end of year | 8,104  |  |  | 7,835  |  |  | 9,571  |  |
| Less restricted cash & cash equivalents, included in Investments | 52  |  |  | 83  |  |  | 86  |  |
| Cash and cash equivalents at end of year | $8,052  |  |  | $7,752  |  |  | $9,485  |  |

See Notes to the Consolidated Financial Statements on pages 64 – 123.61
