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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Operating Activities | |||
| Net earnings | $ 2,655 | 2,878 | 2,973 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,008 | 1,052 | 1,014 |
| Stock-based compensation | 157 | 168 | 154 |
| Deferred income taxes | (2) | 452 | 567 |
| Severance and other charges | 136 | 220 [1] | |
| Reduction in tax expense from resolution of certain tax matters | (89) | (10) | (69) |
| Tax expense related to Medicare Part D reimbursement | 96 | ||
| Net adjustments related to discontinued operations | (16) | (257) | |
| Changes in assets and liabilities: | |||
| Receivables, net | (363) | 3 | (685) |
| Inventories, net | (74) | (207) | (237) |
| Accounts payable | 609 | (364) | (21) |
| Customer advances and amounts in excess of costs incurred | 502 | 706 | 496 |
| Postretirement benefit plans | (393) | (1,027) | (394) |
| Income taxes | 304 | 70 | (272) |
| Other, net | (181) | 21 | (39) |
| Net cash provided by operating activities | 4,253 | 3,801 | 3,487 |
| Investing Activities | |||
| Expenditures for property, plant and equipment | (814) | (820) | (852) |
| Expenditures for capitalized internal-use software | (173) | (254) | (314) |
| Net cash provided by (used for) short-term investment transactions | 510 | (171) | (279) |
| Net proceeds from sale of EIG | 798 | ||
| Acquisitions of businesses / investments in affiliates | (649) | (148) | (435) |
| Other, net | 313 | 22 | 48 |
| Net cash used for investing activities | (813) | (573) | (1,832) |
| Financing Activities | |||
| Repurchases of common stock | (2,465) | (2,420) | (1,851) |
| Common stock dividends | (1,095) | (969) | (908) |
| Issuance of long-term debt, net of related costs | 1,980 | 1,464 | |
| Repayments of long-term debt | (632) | (242) | |
| Other, net | 93 | 31 | 105 |
| Net cash used for financing activities | (2,119) | (3,358) | (1,432) |
| Net increase (decrease) in cash and cash equivalents | 1,321 | (130) | 223 |
| Cash and cash equivalents at beginning of year | 2,261 | 2,391 | |
| Cash and cash equivalents at end of year | 3,582 | 2,261 | 2,391 |
| [1] Severance and other charges include the severance charges recorded in 2011 associated with Aeronautics, IS&GS, and Space Systems business segments, and Corporate Headquarters, and for 2010, included the charges related to the VESP and facilities consolidation within Electronic Systems (Note 2). | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2011 | |
| 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 |