BBD Balance Sheet - Bombardier Inc

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Price: 216 EUR 2.86% Market Closed

Market Cap: €18.9B

Financial profile · Q3 FY2026

Scaling aerospace operations with improving margins and working-capital-sensitive cash flow

Bombardier’s multi-year pattern is one of expanding sales and operating leverage, with operating profit rising as the business scales. Cash generation remains sensitive to customer advances, inventory and other working-capital timing, while financing costs can make common net earnings more volatile than operating results.

What is developing

The latest results maintain the pattern of improving operating profitability and positive free cash flow. However, the trailing cash-flow increase reflects substantial working-capital inflows, so it does not by itself establish a lasting change in underlying cash conversion.

What matters next

Whether operating cash flow remains aligned with earnings as customer advances and inventory levels change.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	2.3B	2.5B	2.3B	2.1B	2B	1.6B	1.3B	1.6B	1.6B	1.9B
Cash	1.4B	1.4B	1.3B	1.3B	1.6B	949m	693m	264m	614m	916m
Cash Equivalents	904m	1.2B	999m	776m	430m	617m	598m	1.3B	1B	999m
Short-Term Investments	1.4B	864m	1.1B	742m	688m	185m	472m	108m	47m	340m
Total Receivables	2.9B	3.6B	4.2B	4.3B	355m	324m	319m	342m	472m	584m
Accounts Receivables	2.7B	3.5B	4.1B	4.2B	339m	300m	312m	335m	458m	560m
Other Receivables	126m	95m	109m	120m	16m	24m	7m	7m	14m	24m
Inventory	4.3B	3.4B	4.4B	4.6B	3.7B	3.2B	3.3B	3.8B	4B	4.1B
Other Current Assets	427m	4.6B	357m	1.7B	10B	164m	181m	133m	177m	173m
Total Current Assets	11.3B	15B	12.3B	13.5B	16.6B	5.5B	5.6B	5.9B	6.4B	7.1B
PP&E Net	1.9B	1.7B	1.6B	1.8B	668m	837m	1.2B	1.4B	1.4B	1.4B
PP&E Gross	—	1.7B	1.6B	1.8B	668m	837m	1.2B	1.4B	1.4B	1.4B
Accumulated Depreciation	—	(2.6B)	(2.5B)	(2B)	(1.1B)	(1.1B)	(1.1B)	(1.2B)	(1.3B)	(1.4B)
Intangible Assets	5.2B	3.6B	4.5B	4.6B	4.4B	4.1B	3.9B	3.6B	3.3B	3.1B
Goodwill	1.9B	2B	1.9B	1.9B	0	—	—	—	—	—
Long-Term Investments	1.2B	1.3B	3.2B	2B	912m	1.7B	899m	757m	573m	752m
Other Long-Term Assets	1.3B	1.2B	1.3B	1.1B	468m	637m	753m	826m	1B	1.3B
Other Assets	1.9B	2B	1.9B	1.9B	0	—	—	—	—	—
Total Assets	22.8B	24.9B	25B	25B	23.1B	12.8B	12.3B	12.5B	12.7B	13.6B
Accounts Payable	2B	2.7B	3.5B	3.3B	1.1B	880m	1B	1.6B	1.4B	1.4B
Accrued Liabilities	780m	954m	894m	963m	235m	137m	126m	125m	147m	89m
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	31m	18m	9m	8m	1.9B	0	0	0	299m	607m
Other Current Liabilities	7.9B	10.5B	8B	11.1B	13.6B	3.8B	4.3B	4.3B	3.9B	4.3B
Deferred Revenue	3.8B	3.8B	4.3B	5.7B	2.4B	2.9B	3.3B	3.5B	3B	3.4B
Total Current Liabilities	10.7B	14.2B	12.4B	15.3B	16.8B	4.8B	5.4B	5.9B	5.8B	6.4B
Long-Term Debt	8.7B	9.2B	9.1B	9.3B	8.2B	7B	6B	5.6B	5.2B	4.5B
Minority Interest	1.7B	1.9B	1.5B	1.8B	2.7B	0	0	—	—	—
Other Liabilities	7.8B	6.2B	7.5B	6.2B	4.7B	4B	3.7B	3.3B	3.6B	3.5B
Total Liabilities	28.8B	31.5B	30.5B	32.6B	32.4B	15.9B	15.1B	14.9B	14.7B	14.5B
Common Stock	2.5B	2.5B	3B	3B	3B	3B	3B	3.1B	3.1B	3.1B
Retained Earnings	(8.4B)	(8.9B)	(8.3B)	(10.5B)	(12.1B)	(6.5B)	(6.1B)	(6B)	(5.4B)	(4.4B)
Additional Paid In Capital	128m	171m	176m	205m	413m	475m	491m	479m	471m	466m
Unrealized Security Profit/Loss	6m	4m	(1m)	9m	20m	13m	(13m)	5m	6m	6m
Other Equity	(272m)	(366m)	(452m)	(312m)	(668m)	(37m)	(60m)	24m	(103m)	(1m)
Total Equity	(6.1B)	(6.6B)	(5.6B)	(7.7B)	(9.3B)	(3.1B)	(2.8B)	(2.4B)	(2B)	(889m)
Total Liabilities & Equity	22.8B	24.9B	25B	25B	23.1B	12.8B	12.3B	12.5B	12.7B	13.6B
Common Shares Outstanding	2.2B	2.2B	2.4B	2.4B	2.4B	97.7m	94.6m	97.7m	98.6m	99.1m
Preferred Shares Outstanding	21m	21m	21m	21m	21m	21.4m	21.4m	21.4m	21.4m	21.4m