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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 24, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Operating activities | |||
| Net earnings | $ 3,605 | 3,614 | 2,981 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,026 | 994 | 990 |
| Stock-based compensation | 138 | 164 | 189 |
| Deferred income taxes | (445) | (401) | (5) |
| Goodwill impairment charges | 119 [1] | 195 | |
| Severance charges | 102 [2] | 201 | |
| Changes in assets and liabilities | |||
| Receivables, net | (256) | 28 | 767 |
| Inventories, net | (398) | 77 | (60) |
| Accounts payable | (160) | 95 | (647) |
| Customer advances and amounts in excess of costs incurred | (32) | (572) | (158) |
| Postretirement benefit plans | 1,068 | (880) | (375) |
| Income taxes | (48) | 351 | 364 |
| Other, net | 501 | 277 | 104 |
| Net cash provided by operating activities | 5,101 | 3,866 | 4,546 |
| Investing activities | |||
| Capital expenditures | (939) | (845) | (836) |
| Acquisitions of businesses and investments in affiliates | (9,003) | (898) | (269) |
| Other, net | 208 | 20 | (16) |
| Net cash used for investing activities | (9,734) | (1,723) | (1,121) |
| Financing activities | |||
| Repurchases of common stock | (3,071) | (1,900) | (1,762) |
| Proceeds from stock option exercises | 174 | 308 | 827 |
| Dividends paid | (1,932) | (1,760) | (1,540) |
| Proceeds from the issuance of long-term debt | 9,101 | ||
| Repayments of long-term debt | (150) | ||
| Proceeds from borrowings under revolving credit facilities | 6,000 | ||
| Repayments of borrowings under revolving credit facilities | (6,000) | ||
| Other, net | 5 | 38 | (81) |
| Net cash provided by (used for) financing activities | 4,277 | (3,314) | (2,706) |
| Net change in cash and cash equivalents | (356) | (1,171) | 719 |
| Cash and cash equivalents at beginning of year | 1,446 | 2,617 | |
| Cash and cash equivalents at end of year | 1,090 | 1,446 | 2,617 |
| [1] We recognized non-cash goodwill impairment charges related to the Technical Services reporting unit within our MFC business segment in 2014 and 2013. See Note 1 for more information. | |||
| [2] See Note 15 for information on charges related to certain severance actions at our business segments. Severance charges for initiatives that are not significant are included in business segment operating profit. | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2015 | |
| 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 |