10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
LOCKHEED MARTIN CORP | ||
Ticker: LMT Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 9, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,446 | 2,617 |
| Receivables, net | 5,884 | 5,834 |
| Inventories, net | 2,882 | 2,977 |
| Deferred income taxes | 1,451 | 1,088 |
| Other current assets | 666 | 813 |
| Total current assets | 12,329 | 13,329 |
| Property, plant and equipment, net | 4,755 | 4,706 |
| Goodwill | 10,862 [1] | 10,348 |
| Deferred income taxes | 4,013 | 2,850 |
| Other noncurrent assets | 5,114 | 4,955 |
| Total assets | 37,073 | 36,188 |
| Liabilities and stockholders' equity | ||
| Current liabilities | ||
| Accounts payable | 1,570 | 1,397 |
| Customer advances and amounts in excess of costs incurred | 5,790 | 6,349 |
| Salaries, benefits and payroll taxes | 1,826 | 1,809 |
| Other current liabilities | 1,926 | 1,565 |
| Total current liabilities | 11,112 | 11,120 |
| Accrued pension liabilities | 11,413 | 9,361 |
| Other postretirement benefit liabilities | 1,102 | 902 |
| Long-term debt, net | 6,169 | 6,152 |
| Other noncurrent liabilities | 3,877 | 3,735 |
| Total liabilities | 33,673 | 31,270 |
| Stockholders' equity | ||
| Common stock, $1 par value per share | 314 | 319 |
| Additional paid-in capital | ||
| Retained earnings | 14,956 | 14,200 |
| Accumulated other comprehensive loss | (11,870) [2] | (9,601) |
| Total stockholders' equity | 3,400 | 4,918 |
| Total liabilities and stockholders' equity | 37,073 | 36,188 |
| [1] During 2014, goodwill increased $681 million due to acquisitions primarily consisting of Zeta Associates, Inc. (Zeta) at our Space Systems business segment and Systems Made Simple and Industrial Defender, Inc. (Industrial Defender) at our IS&GS business segment (Note 13) and also decreased by $119 million due to a non-cash impairment charge related to our MFC business segment (Note 1). During 2013, the decrease in goodwill was primarily due to a non-cash impairment charge of $195 million related to our MFC | ||
| [2] AOCL related to postretirement benefit plans is shown net of tax benefits at December 31, 2014, 2013 and 2012 of $6.4 billion, $5.3 billion and $7.4 billion. These tax benefits include amounts recognized on our income tax returns as current deductions and deferred income taxes, which will be recognized on our tax returns in future years. See Note 7 and Note 9 for more information on our income taxes and postretirement benefit plans. | ||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2014 | |
| 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 |