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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
2009 2010 2011 2012 2013 2014 2015
2016 2017 2018 2019 2020 2021 2022
10-K.Info (Beta Test)
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2022

Consolidated Statements of Earnings

Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Net sales
Total net sales
$
65,984
67,04465,398
Cost of sales
Severance and other charges(100)(36)(27)
Other unallocated, net1,2601,7891,650
Total cost of sales(57,697)(57,983)(56,744)
Gross profit8,2879,0618,654
 
Other income (expense), net6162(10)
Operating profit8,3489,1238,644
 
Interest expense(623)(569)(591)
Non-service FAS pension (expense) income(971)(1,292)219
Other non-operating (expense) income, net(74)288(37)
Earnings from continuing operations before income taxes6,6807,5508,235
 
Income tax expense(948)(1,235)(1,347)
Net earnings from continuing operations5,7326,3156,888
 
Net loss from discontinued operations00(55)
Net earnings5,7326,3156,833
 
Earnings (loss) per common share
Basic
Continuing operations (in dollars per share)21.7422.8524.60
Discontinued operations (in dollars per share)0.000.00(0.20)
Basic earnings per common share (in dollars per share)21.7422.8524.40
 
Diluted
Continuing operations (in dollars per share)21.6622.7624.50
Discontinued operations (in dollars per share)0.000.00(0.20)
Diluted earnings per common share (in dollars per share)21.6622.7624.30
 
Product and Service
Products
Total net sales55,46656,43554,928
Total cost of sales(49,577)(50,273)(48,996)
Services
Total net sales10,51810,60910,470
Total cost of sales(9,280)(9,463)(9,371)
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2022

Consolidated Statements of Comprehensive Income

Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Net earnings
$
5,732
6,3156,833
Other comprehensive income (loss), net of tax
Postretirement benefit plans
Net actuarial gain (loss) recognized due to plan remeasurements, net of tax of $518 million in 2022, $925 million in 2021 and $292 million in 20201,8733,404(1,067)
Amortization of actuarial losses and prior service credits, net of tax of $18 million in 2022, $130 million in 2021 and $119 million in 202069477440
Pension settlement charge, net of tax of $314 million in 2022 and $355 million in 20211,1561,3100
Other, net, net of tax of $2 million in 2022, $11 million in 2021 and $5 million in 2020(115)(76)60
Other comprehensive income (loss), net of tax2,9835,115(567)
 
Comprehensive income8,71511,4306,266
 
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2022

Consolidated Statements of Cash Flows

Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2022Dec 31, 2021Dec 31, 2020
Operating activities
Net earnings
$
5,732
6,3156,833
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization1,4041,3641,290
Stock-based compensation238227221
Equity method investment impairment00128
Tax resolution related to former IS&GS business0055
Deferred income taxes(757)(183)5
Pension settlement charge1,4701,6650
Severance and other charges1003627
Changes in:
Receivables, net(542)15359
Contract assets(1,739)(1,034)(451)
Inventories(107)56474
Accounts payable1,274(98)(372)
Contract liabilities381562491
Income taxes14845(19)
Qualified defined benefit pension plans(412)(267)(1,197)
Other, net61210739
Net cash provided by operating activities7,8029,2218,183
 
Investing activities
Capital expenditures(1,670)(1,522)(1,766)
Other, net(119)361(244)
Net cash used for investing activities(1,789)(1,161)(2,010)
 
Financing activities
Issuance of long-term debt, net of related costs6,21101,131
Repayments of long-term debt(2,250)(500)(1,650)
Repurchases of common stock(7,900)(4,087)(1,100)
Dividends paid(3,016)(2,940)(2,764)
Other, net(115)(89)(144)
Net cash used for financing activities(7,070)(7,616)(4,527)
 
Net change in cash and cash equivalents(1,057)4441,646
 
Cash and cash equivalents at beginning of year3,6043,160
Cash and cash equivalents at end of year2,5473,6043,160
 
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LOCKHEED MARTIN CORP

Ticker: LMT   Fiscal Year: 2022

Consolidated Balance Sheets

Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023)

(In Millions, except shares in actual)
 As ofAs of
 Dec 31, 2022Dec 31, 2021
Assets
Current assets
Cash and cash equivalents
$
2,547
3,604
Receivables, net2,5051,963
Contract assets12,31810,579
Inventories3,0882,981
Other current assets533688
Total current assets20,99119,815
 
Property, plant and equipment, net7,9757,597
Goodwill10,78010,813
Intangible assets, net2,4592,706
Deferred income taxes3,7442,290
Other noncurrent assets6,9317,652
Total assets52,88050,873
 
Liabilities and equity
Current liabilities
Accounts payable2,117780
Salaries, benefits and payroll taxes3,0753,108
Contract liabilities8,4888,107
Other current liabilities2,2072,002
Total current liabilities15,88713,997
 
Long-term debt, net15,42911,670
Accrued pension liabilities5,4728,319
Other noncurrent liabilities6,8265,928
Total liabilities43,61439,914
 
Stockholders equity
Common stock, $1 par value per share254271
Additional paid-in capital9294
Retained earnings16,94321,600
Accumulated other comprehensive loss(8,023)(11,006)
Total stockholders equity9,26610,959
 
Total liabilities and equity52,88050,873
 
External Links 
LOCKHEED MARTIN CORP (LMT) Fiscal Year 2022
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