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: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Operating activities | |||
| Net earnings | $ 2,745 | 2,655 | 2,878 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 988 | 1,008 | 1,052 |
| Stock-based compensation | 167 | 157 | 168 |
| Deferred income taxes | 930 | (2) | 452 |
| Severance and other charges | 48 [1] | 136 | 220 |
| Reduction in tax expense from resolution of certain tax matters | (89) | (10) | |
| Tax expense related to Medicare Part D reimbursement | 96 | ||
| Net adjustments related to discontinued operations | (16) | (257) | |
| Changes in operating assets and liabilities: | |||
| Receivables, net | (460) | (363) | 3 |
| Inventories, net | (422) | (74) | (207) |
| Accounts payable | (236) | 609 | (364) |
| Customer advances and amounts in excess of costs incurred | 57 | 502 | 706 |
| Postretirement benefit plans | (1,883) | (393) | (1,027) |
| Income taxes | (535) | 304 | 70 |
| Other, net | 162 | (181) | 21 |
| Net cash provided by operating activities | 1,561 | 4,253 | 3,801 |
| Investing activities | |||
| Capital expenditures | (942) | (987) | (1,074) |
| Acquisitions of businesses / investments in affiliates | (304) | (649) | (148) |
| Net proceeds from sale of EIG | 798 | ||
| Net cash provided by (used for) short-term investment transactions | 510 | (171) | |
| Other, net | 24 | 313 | 22 |
| Net cash used for investing activities | (1,222) | (813) | (573) |
| Financing activities | |||
| Repurchases of common stock | (990) | (2,465) | (2,420) |
| Proceeds from stock option exercises | 440 | 116 | 59 |
| Dividends paid | (1,352) | (1,095) | (969) |
| Premium paid on debt exchange | (225) | ||
| Issuance of long-term debt, net of related costs | 1,980 | ||
| Repayments of long-term debt | (632) | ||
| Other, net | 104 | (23) | (28) |
| Net cash used for financing activities | (2,023) | (2,119) | (3,358) |
| Net change in cash and cash equivalents | (1,684) | 1,321 | (130) |
| Cash and cash equivalents at beginning of year | 3,582 | 2,261 | |
| Cash and cash equivalents at end of year | 1,898 | 3,582 | 2,261 |
| [1] Severance and other charges include the severance charges recorded in 2012 associated with our Aeronautics business segment and the reorganization of our former Electronic Systems business segment; for 2011, include the severance charges associated with our Aeronautics, IS&GS, and Space Systems business segments, and Corporate Headquarters; and for 2010, include the charges related to the VESP and the facilities consolidation within our MST business segment (Note 13). Severance charges for initiatives that | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2012 | |
| 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 |