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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 9, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating activities | |||
| Net earnings | $ 5,302 | 3,605 | 3,614 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,215 | 1,026 | 994 |
| Stock-based compensation | 149 | 138 | 164 |
| Deferred income taxes | (152) | (445) | (401) |
| Goodwill impairment charges | 119 | ||
| Severance charges | 99 | 102 | |
| Gain on divestiture of IS&GS business | (1,242) | ||
| Gain on step acquisition of AWE | (104) | ||
| Changes in assets and liabilities | |||
| Receivables, net | (811) | (256) | 28 |
| Inventories, net | (46) | (398) | 77 |
| Accounts payable | (188) | (160) | 95 |
| Customer advances and amounts in excess of costs incurred | 3 | (32) | (572) |
| Postretirement benefit plans | 1,028 | 1,068 | (880) |
| Income taxes | 146 | (48) | 351 |
| Other, net | (210) | 501 | 277 |
| Net cash provided by operating activities | 5,189 | 5,101 | 3,866 |
| Investing activities | |||
| Capital expenditures | (1,063) | (939) | (845) |
| Acquisitions of businesses and investments in affiliates | (9,003) | (898) | |
| Other, net | 78 | 208 | 20 |
| Net cash used for investing activities | (985) | (9,734) | (1,723) |
| Financing activities | |||
| Special cash payment from divestiture of IS&GS business | 1,800 | ||
| Repurchases of common stock | (2,096) | (3,071) | (1,900) |
| Proceeds from stock option exercises | 106 | 174 | 308 |
| Dividends paid | (2,048) | (1,932) | (1,760) |
| Proceeds from the issuance of long-term debt | 9,101 | ||
| Repayments of long-term debt | (952) | ||
| Proceeds from borrowings under revolving credit facilities | 6,000 | ||
| Repayments of borrowings under revolving credit facilities | (6,000) | ||
| Other, net | (267) | 5 | 38 |
| Net cash (used for) provided by financing activities | (3,457) | 4,277 | (3,314) |
| Net change in cash and cash equivalents | 747 | (356) | (1,171) |
| Cash and cash equivalents at beginning of year | 1,090 | 1,446 | |
| Cash and cash equivalents at end of year | 1,837 | 1,090 | 1,446 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2016 | |
| 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 |