10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net sales | |||
| Products | $ 43,875 | 40,365 | 34,868 |
| Services | 7,173 | 6,883 | 5,668 |
| Total net sales | 51,048 | 47,248 | 40,536 |
| Cost of sales | |||
| Products | (39,750) | (36,616) | (31,091) |
| Services | (6,405) | (6,040) | (4,824) |
| Severance charges | 0 | (80) | (82) |
| Other unallocated, net | 655 | 550 | (47) |
| Total cost of sales | (45,500) | (42,186) | (36,044) |
| Gross profit | 5,548 | 5,062 | 4,492 |
| Other income, net | 373 | 487 | 220 |
| Operating profit | 5,921 | 5,549 | 4,712 |
| Interest expense | (651) | (663) | (443) |
| Other non-operating (expense) income, net | (1) | 0 | 30 |
| Earnings from continuing operations before income taxes | 5,269 | 4,886 | 4,299 |
| Income tax expense | (3,340) | (1,133) | (1,173) |
| Net earnings from continuing operations | 1,929 | 3,753 | 3,126 |
| Net earnings from discontinued operations | 73 | 1,549 | 479 |
| Net earnings | 2,002 | 5,302 | 3,605 |
| Earnings per common share | |||
| Basic | |||
| Continuing operations (in dollars per share) | 6.70 | 12.54 | 10.07 |
| Discontinued operations (in dollars per share) | 0.26 | 5.17 | 1.55 |
| Basic earnings per common share (in dollars per share) | 6.96 | 17.71 | 11.62 |
| Diluted | |||
| Continuing operations (in dollars per share) | 6.64 | 12.38 | 9.93 |
| Discontinued operations (in dollars per share) | 0.25 | 5.11 | 1.53 |
| Diluted earnings per common share (in dollars per share) | 6.89 | 17.49 | 11.46 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Net other comprehensive loss recognized during the period, net of tax benefit of $375 million in 2017, $668 million in 2016 and $192 million in 2015 | |||
| Postretirement benefit plans | |||
| Net other comprehensive loss recognized during the period, net of tax benefit of $375 million in 2017, $668 million in 2016 and $192 million in 2015 | (1,380) | (1,232) | (351) |
| Amounts reclassified from accumulated other comprehensive loss, net of tax expense of $437 million in 2017, $382 million in 2016 and $464 million in 2015 | 802 | 699 | 850 |
| Reclassifications from divestiture of IS&GS business | 0 | (134) | 0 |
| Other, net | 140 | 9 | (73) |
| Other comprehensive (loss) income, net of tax | (438) | (658) | 426 |
| Comprehensive income | 1,564 | 4,644 | 4,031 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,195 | 1,215 | 1,026 |
| Stock-based compensation | 158 | 149 | 138 |
| Deferred income taxes | 3,432 | (152) | (445) |
| Severance charges | 0 | 99 | 102 |
| Gain on property sale | (198) | 0 | 0 |
| Gain on divestiture of IS&GS business | (73) | (1,242) | 0 |
| Gain on step acquisition of AWE | 0 | (104) | 0 |
| Changes in assets and liabilities | |||
| Receivables, net | (401) | (811) | (256) |
| Inventories, net | 183 | (46) | (398) |
| Accounts payable | (189) | (188) | (160) |
| Customer advances and amounts in excess of costs incurred | (24) | 3 | (32) |
| Postretirement benefit plans | 1,316 | 1,028 | 1,068 |
| Income taxes | (1,210) | 146 | (48) |
| Other, net | 285 | (210) | 501 |
| Net cash provided by operating activities | 6,476 | 5,189 | 5,101 |
| Investing activities | |||
| Capital expenditures | (1,177) | (1,063) | (939) |
| Acquisitions of businesses and investments in affiliates | 0 | 0 | (9,003) |
| Other, net | 30 | 78 | 208 |
| Net cash used for investing activities | (1,147) | (985) | (9,734) |
| Financing activities | |||
| Repurchases of common stock | (2,001) | (2,096) | (3,071) |
| Dividends paid | (2,163) | (2,048) | (1,932) |
| Special cash payment from divestiture of IS&GS business | 0 | 1,800 | 0 |
| Proceeds from stock option exercises | 71 | 106 | 174 |
| Repayments of long-term debt | 0 | (952) | 0 |
| Proceeds from the issuance of long-term debt | 0 | 0 | 9,101 |
| Proceeds from borrowings under revolving credit facilities | 0 | 0 | 6,000 |
| Repayments of borrowings under revolving credit facilities | 0 | 0 | (6,000) |
| Other, net | (212) | (267) | 5 |
| Net cash (used for) provided by financing activities | (4,305) | (3,457) | 4,277 |
| Net change in cash and cash equivalents | 1,024 | 747 | (356) |
| Cash and cash equivalents at beginning of year | 1,837 | 1,090 | |
| Cash and cash equivalents at end of year | 2,861 | 1,837 | 1,090 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOCKHEED MARTIN CORP | ||
Ticker: LMT Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 16, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,861 | 1,837 |
| Receivables, net | 8,603 | 8,202 |
| Inventories, net | 4,487 | 4,670 |
| Other current assets | 1,510 | 399 |
| Total current assets | 17,461 | 15,108 |
| Property, plant and equipment, net | 5,775 | 5,549 |
| Goodwill | 10,807 | 10,764 |
| Intangible assets, net | 3,797 | 4,093 |
| Deferred income taxes | 3,111 | 6,625 |
| Other noncurrent assets | 5,570 | 5,667 |
| Total assets | 46,521 | 47,806 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | 1,467 | 1,653 |
| Customer advances and amounts in excess of costs incurred | 6,752 | 6,776 |
| Salaries, benefits and payroll taxes | 1,785 | 1,764 |
| Current maturities of long-term debt | 750 | 0 |
| Other current liabilities | 1,883 | 2,349 |
| Total current liabilities | 12,637 | 12,542 |
| Long-term debt, net | 13,513 | 14,282 |
| Accrued pension liabilities | 15,703 | 13,855 |
| Other postretirement benefit liabilities | 719 | 862 |
| Other noncurrent liabilities | 4,558 | 4,659 |
| Total liabilities | 47,130 | 46,200 |
| Stockholders equity | ||
| Common stock, $1 par value per share | 284 | 289 |
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 11,573 | 13,324 |
| Accumulated other comprehensive loss | (12,540) | (12,102) |
| Total stockholders (deficit) equity | (683) | 1,511 |
| Noncontrolling interests in subsidiary | 74 | 95 |
| Total (deficit) equity | (609) | 1,606 |
| Total liabilities and equity | 46,521 | 47,806 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Feb 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net sales | |||
| Products | $ 43,875 | 40,365 | 34,868 |
| Services | 7,173 | 6,883 | 5,668 |
| Total net sales | 51,048 | 47,248 | 40,536 |
| Cost of sales | |||
| Products | (39,750) | (36,616) | (31,091) |
| Services | (6,405) | (6,040) | (4,824) |
| Severance charges | 0 | (80) | (82) |
| Other unallocated, net | 655 | 550 | (47) |
| Total cost of sales | (45,500) | (42,186) | (36,044) |
| Gross profit | 5,548 | 5,062 | 4,492 |
| Other income, net | 373 | 487 | 220 |
| Operating profit | 5,921 | 5,549 | 4,712 |
| Interest expense | (651) | (663) | (443) |
| Other non-operating (expense) income, net | (1) | 0 | 30 |
| Earnings from continuing operations before income taxes | 5,269 | 4,886 | 4,299 |
| Income tax expense | (3,340) | (1,133) | (1,173) |
| Net earnings from continuing operations | 1,929 | 3,753 | 3,126 |
| Net earnings from discontinued operations | 73 | 1,549 | 479 |
| Net earnings | 2,002 | 5,302 | 3,605 |
| Earnings per common share | |||
| Basic | |||
| Continuing operations (in dollars per share) | 6.70 | 12.54 | 10.07 |
| Discontinued operations (in dollars per share) | 0.26 | 5.17 | 1.55 |
| Basic earnings per common share (in dollars per share) | 6.96 | 17.71 | 11.62 |
| Diluted | |||
| Continuing operations (in dollars per share) | 6.64 | 12.38 | 9.93 |
| Discontinued operations (in dollars per share) | 0.25 | 5.11 | 1.53 |
| Diluted earnings per common share (in dollars per share) | 6.89 | 17.49 | 11.46 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Feb 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Net other comprehensive loss recognized during the period, net of tax benefit of $375 million in 2017, $668 million in 2016 and $192 million in 2015 | |||
| Postretirement benefit plans | |||
| Net other comprehensive loss recognized during the period, net of tax benefit of $375 million in 2017, $668 million in 2016 and $192 million in 2015 | (1,380) | (1,232) | (351) |
| Amounts reclassified from accumulated other comprehensive loss, net of tax expense of $437 million in 2017, $382 million in 2016 and $464 million in 2015 | 802 | 699 | 850 |
| Reclassifications from divestiture of IS&GS business | 0 | (134) | 0 |
| Other, net | 140 | 9 | (73) |
| Other comprehensive (loss) income, net of tax | (438) | (658) | 426 |
| Comprehensive income | 1,564 | 4,644 | 4,031 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Feb 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,195 | 1,215 | 1,026 |
| Stock-based compensation | 158 | 149 | 138 |
| Deferred income taxes | 3,432 | (152) | (445) |
| Severance charges | 0 | 99 | 102 |
| Gain on property sale | (198) | 0 | 0 |
| Gain on divestiture of IS&GS business | (73) | (1,242) | 0 |
| Gain on step acquisition of AWE | 0 | (104) | 0 |
| Changes in assets and liabilities | |||
| Receivables, net | (401) | (811) | (256) |
| Inventories, net | 183 | (46) | (398) |
| Accounts payable | (189) | (188) | (160) |
| Customer advances and amounts in excess of costs incurred | (24) | 3 | (32) |
| Postretirement benefit plans | 1,316 | 1,028 | 1,068 |
| Income taxes | (1,210) | 146 | (48) |
| Other, net | 285 | (210) | 501 |
| Net cash provided by operating activities | 6,476 | 5,189 | 5,101 |
| Investing activities | |||
| Capital expenditures | (1,177) | (1,063) | (939) |
| Acquisitions of businesses and investments in affiliates | 0 | 0 | (9,003) |
| Other, net | 30 | 78 | 208 |
| Net cash used for investing activities | (1,147) | (985) | (9,734) |
| Financing activities | |||
| Repurchases of common stock | (2,001) | (2,096) | (3,071) |
| Dividends paid | (2,163) | (2,048) | (1,932) |
| Special cash payment from divestiture of IS&GS business | 0 | 1,800 | 0 |
| Proceeds from stock option exercises | 71 | 106 | 174 |
| Repayments of long-term debt | 0 | (952) | 0 |
| Proceeds from the issuance of long-term debt | 0 | 0 | 9,101 |
| Proceeds from borrowings under revolving credit facilities | 0 | 0 | 6,000 |
| Repayments of borrowings under revolving credit facilities | 0 | 0 | (6,000) |
| Other, net | (212) | (267) | 5 |
| Net cash (used for) provided by financing activities | (4,305) | (3,457) | 4,277 |
| Net change in cash and cash equivalents | 1,024 | 747 | (356) |
| Cash and cash equivalents at beginning of year | 1,837 | 1,090 | |
| Cash and cash equivalents at end of year | 2,861 | 1,837 | 1,090 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOCKHEED MARTIN CORP | ||
Ticker: LMT Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Feb 6, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 2,861 | 1,837 |
| Receivables, net | 8,603 | 8,202 |
| Inventories, net | 4,487 | 4,670 |
| Other current assets | 1,510 | 399 |
| Total current assets | 17,461 | 15,108 |
| Property, plant and equipment, net | 5,775 | 5,549 |
| Goodwill | 10,807 | 10,764 |
| Intangible assets, net | 3,797 | 4,093 |
| Deferred income taxes | 3,111 | 6,625 |
| Other noncurrent assets | 5,570 | 5,667 |
| Total assets | 46,521 | 47,806 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | 1,467 | 1,653 |
| Customer advances and amounts in excess of costs incurred | 6,752 | 6,776 |
| Salaries, benefits and payroll taxes | 1,785 | 1,764 |
| Current maturities of long-term debt | 750 | 0 |
| Other current liabilities | 1,883 | 2,349 |
| Total current liabilities | 12,637 | 12,542 |
| Long-term debt, net | 13,513 | 14,282 |
| Accrued pension liabilities | 15,703 | 13,855 |
| Other postretirement benefit liabilities | 719 | 862 |
| Other noncurrent liabilities | 4,558 | 4,659 |
| Total liabilities | 47,130 | 46,200 |
| Stockholders equity | ||
| Common stock, $1 par value per share | 284 | 289 |
| Additional paid-in capital | 0 | 0 |
| Retained earnings | 11,573 | 13,324 |
| Accumulated other comprehensive loss | (12,540) | (12,102) |
| Total stockholders (deficit) equity | (683) | 1,511 |
| Noncontrolling interests in subsidiary | 74 | 95 |
| Total (deficit) equity | (609) | 1,606 |
| Total liabilities and equity | 46,521 | 47,806 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2017 | |
| 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 |