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: 2010 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Operating Activities | |||
| Net earnings | $ 2,926 | 3,024 | 3,217 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization of plant and equipment | 749 | 750 | 727 |
| Amortization of purchased intangibles | 92 | 104 | 118 |
| Stock-based compensation | 168 | 154 | 155 |
| Deferred income taxes | 576 | 542 | 72 |
| Net adjustments from planned sale of PAE | (73) | ||
| Gain on sale of EIG, net of tax | (184) | ||
| Voluntary executive separation and other charges (credits) | 220 | (193) | |
| Changes in assets and liabilities: | |||
| Receivables | (15) | (719) | (333) |
| Inventories | (227) | (233) | (183) |
| Accounts payable | (364) | (21) | (141) |
| Customer advances and amounts in excess of costs incurred | 685 | 482 | 313 |
| Postretirement benefit plans | (1,027) | (394) | 279 |
| Income taxes | 60 | (289) | 87 |
| Other, net | (39) | (227) | 303 |
| Net cash provided by operating activities | 3,547 | 3,173 | 4,421 |
| Investing Activities | |||
| Expenditures for property, plant and equipment | (820) | (852) | (926) |
| Net proceeds from sale of EIG | 798 | ||
| Acquisitions of businesses / investments in affiliates | (148) | (435) | (233) |
| Net cash used for short-term investment transactions | (171) | (279) | 272 |
| Other | 22 | 48 | (20) |
| Net cash used for investing activities | (319) | (1,518) | (907) |
| Financing Activities | |||
| Repurchases of common stock | (2,420) | (1,851) | (2,931) |
| Common stock dividends | (969) | (908) | (737) |
| Issuance of long-term debt, net of related costs | 1,464 | 491 | |
| Repayments of long-term debt | (242) | (1,103) | |
| Other, net | 26 | 61 | 342 |
| Net cash used for financing activities | (3,363) | (1,476) | (3,938) |
| Effect of exchange rate changes on cash and cash equivalents | 5 | 44 | (56) |
| Net increase (decrease) in cash and cash equivalents | (130) | 223 | (480) |
| Cash and cash equivalents at beginning of year | 2,391 | 2,168 | |
| Cash and Cash Equivalents at end of year | 2,261 | 2,391 | 2,168 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2010 | |
| 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 |