How much do depreciation assumptions change THE BOEING COMPANY's earnings?
Gross property and equipment, depreciation and capital spending, with an alternative useful-life calculator. Cash spending is kept separate.
Depreciation against the asset base
Gross property and equipment of $38.97B against $1.95B of depreciation and amortization implies an average life of about 20.0 years (gross assets ÷ annual charge). The charge includes amortization where the company reports them together.
| Fiscal year | Gross PP&E | Net PP&E | Depreciation & amortization | Implied life (yrs) | Capital expenditure (cash) |
|---|---|---|---|---|---|
| 2020 | $32.33B | $11.82B | $2.25B | 14.4 | $1.30B |
| 2021 | $31.46B | $10.92B | $2.14B | 14.7 | $980.0M |
| 2022 | $31.99B | $10.55B | $1.98B | 16.2 | $1.22B |
| 2023 | $32.91B | $10.66B | $1.86B | 17.7 | $1.53B |
| 2024 | $34.34B | $11.41B | $1.84B | 18.7 | $2.23B |
| 2025 | $38.97B | $15.36B | $1.95B | 20.0 | $2.94B |
10-K filed 2026-01-30 · DepreciationDepletionAndAmortization
Compare an alternative useful life
A 21-year average life gives an annual charge of $1.86B instead of $1.95B. After tax at 21%, net income would be higher by $76.7M. Cash spending ($2.94B) is unchanged.
Straight-line on gross assets, no salvage value; land and construction in progress are not separated. Treat as an order-of-magnitude comparison.