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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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10-K.Info (Beta Test)
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2019

Consolidated Statements of Earnings

Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Net sales
Total net sales
$
59,812
53,76249,960
Cost of sales
Total cost of sales(51,445)(46,488)(43,589)
Severance and restructuring charges0(96)0
Gross profit8,3677,2746,371
 
Other income, net17860373
Operating profit8,5457,3346,744
 
Interest expense(653)(668)(651)
Other non-operating expense, net(651)(828)(847)
Earnings from continuing operations before income taxes7,2415,8385,246
 
Income tax expense(1,011)(792)(3,356)
Net earnings from continuing operations6,2305,0461,890
 
Net earnings from discontinued operations0073
Net earnings6,2305,0461,963
 
Earnings per common share
Basic
Continuing operations (in dollars per share)22.0917.746.56
Discontinued operations (in dollars per share)0.000.000.26
Basic earnings per common share (in dollars per share)22.0917.746.82
 
Diluted
Continuing operations (in dollars per share)21.9517.596.50
Discontinued operations (in dollars per share)0.000.000.25
Diluted earnings per common share (in dollars per share)21.9517.596.75
 
Product and Service
Products
Total net sales50,05345,00542,502
Total cost of sales(44,589)(40,293)(38,417)
Services
Total net sales9,7598,7577,458
Total cost of sales(8,731)(7,738)(6,673)
Other unallocated, net
Total cost of sales1,8751,6391,501
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2019

Consolidated Statements of Comprehensive Income

Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Net earnings
$
6,230
5,0461,963
Other comprehensive income (loss), net of tax
Postretirement benefit plans
Net other comprehensive loss recognized during the period, net of tax benefit of $586 million in 2019, $136 million in 2018 and $375 million in 2017(2,182)(501)(1,380)
Amounts reclassified from accumulated other comprehensive loss, net of tax expense of $247 million in 2019, $327 million in 2018 and $437 million in 20179081,202802
Other, net41(75)141
Other comprehensive income (loss), net of tax(1,233)626(437)
 
Comprehensive income4,9975,6721,526
 
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2019

Consolidated Statements of Cash Flows

Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2019Dec 31, 2018Dec 31, 2017
Operating activities
Net earnings
$
6,230
5,0461,963
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization1,1891,1611,195
Stock-based compensation189173158
Deferred income taxes222(244)3,448
Severance and restructuring charges0960
Gain on property sale(51)0(198)
Gain on divestiture of IS&GS business00(73)
Changes in assets and liabilities
Receivables, net107(179)(902)
Contract assets378(1,480)390
Inventories(622)(119)(79)
Accounts payable(1,098)914(189)
Contract liabilities563(537)353
Postretirement benefit plans81(3,574)1,316
Income taxes(151)1,077(1,210)
Other, net274804304
Net cash provided by operating activities7,3113,1386,476
 
Investing activities
Capital expenditures(1,484)(1,278)(1,177)
Other, net24320330
Net cash used for investing activities(1,241)(1,075)(1,147)
 
Financing activities
Repurchases of common stock(1,200)(1,492)(2,001)
Dividends paid(2,556)(2,347)(2,163)
Proceeds from issuance of commercial paper, net(600)6000
Repayments of long-term debt(900)(750)0
Other, net(72)(163)(141)
Net cash used for financing activities(5,328)(4,152)(4,305)
 
Net change in cash and cash equivalents742(2,089)1,024
 
Cash and cash equivalents at beginning of year7722,861
Cash and cash equivalents at end of year1,5147722,861
 
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2019

Consolidated Balance Sheets

Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2019Dec 31, 2018
Assets
Current assets
Cash and cash equivalents
$
1,514
772
Receivables, net2,3372,444
Contract assets9,0949,472
Inventories3,6192,997
Other current assets531418
Total current assets17,09516,103
 
Property, plant and equipment, net6,5916,124
Goodwill10,60410,769
Intangible assets, net3,2133,494
Deferred income taxes3,3193,208
Other noncurrent assets6,7065,178
Total assets47,52844,876
 
Liabilities and equity
Current liabilities
Accounts payable1,2812,402
Contract liabilities7,0546,491
Salaries, benefits and payroll taxes2,4662,122
Current maturities of long-term debt and commercial paper1,2501,500
Other current liabilities1,9211,883
Total current liabilities13,97214,398
 
Long-term debt, net11,40412,604
Accrued pension liabilities13,23411,410
Other postretirement benefit liabilities337704
Other noncurrent liabilities5,4104,311
Total liabilities44,35743,427
 
Stockholders equity
Common stock, $1 par value per share280281
Additional paid-in capital00
Retained earnings18,40115,434
Accumulated other comprehensive loss(15,554)(14,321)
Total stockholders equity3,1271,394
 
Noncontrolling interests in subsidiary4455
Total equity3,1711,449
 
Total liabilities and equity47,52844,876
 
External Links 
LOCKHEED MARTIN CORP (LMT) Fiscal Year 2019
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip