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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 16, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,195 | 1,215 | 1,026 |
| Stock-based compensation | 158 | 149 | 138 |
| Deferred income taxes | 3,432 | (152) | (445) |
| Severance charges | 0 | 99 | 102 |
| Gain on property sale | (198) | 0 | 0 |
| Gain on divestiture of IS&GS business | (73) | (1,242) | 0 |
| Gain on step acquisition of AWE | 0 | (104) | 0 |
| Changes in assets and liabilities | |||
| Receivables, net | (401) | (811) | (256) |
| Inventories, net | 183 | (46) | (398) |
| Accounts payable | (189) | (188) | (160) |
| Customer advances and amounts in excess of costs incurred | (24) | 3 | (32) |
| Postretirement benefit plans | 1,316 | 1,028 | 1,068 |
| Income taxes | (1,210) | 146 | (48) |
| Other, net | 285 | (210) | 501 |
| Net cash provided by operating activities | 6,476 | 5,189 | 5,101 |
| Investing activities | |||
| Capital expenditures | (1,177) | (1,063) | (939) |
| Acquisitions of businesses and investments in affiliates | 0 | 0 | (9,003) |
| Other, net | 30 | 78 | 208 |
| Net cash used for investing activities | (1,147) | (985) | (9,734) |
| Financing activities | |||
| Repurchases of common stock | (2,001) | (2,096) | (3,071) |
| Dividends paid | (2,163) | (2,048) | (1,932) |
| Special cash payment from divestiture of IS&GS business | 0 | 1,800 | 0 |
| Proceeds from stock option exercises | 71 | 106 | 174 |
| Repayments of long-term debt | 0 | (952) | 0 |
| Proceeds from the issuance of long-term debt | 0 | 0 | 9,101 |
| Proceeds from borrowings under revolving credit facilities | 0 | 0 | 6,000 |
| Repayments of borrowings under revolving credit facilities | 0 | 0 | (6,000) |
| Other, net | (212) | (267) | 5 |
| Net cash (used for) provided by financing activities | (4,305) | (3,457) | 4,277 |
| Net change in cash and cash equivalents | 1,024 | 747 | (356) |
| Cash and cash equivalents at beginning of year | 1,837 | 1,090 | |
| Cash and cash equivalents at end of year | 2,861 | 1,837 | 1,090 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
LOCKHEED MARTIN CORP | |||
Ticker: LMT Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Feb 6, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net earnings | $ 2,002 | 5,302 | 3,605 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,195 | 1,215 | 1,026 |
| Stock-based compensation | 158 | 149 | 138 |
| Deferred income taxes | 3,432 | (152) | (445) |
| Severance charges | 0 | 99 | 102 |
| Gain on property sale | (198) | 0 | 0 |
| Gain on divestiture of IS&GS business | (73) | (1,242) | 0 |
| Gain on step acquisition of AWE | 0 | (104) | 0 |
| Changes in assets and liabilities | |||
| Receivables, net | (401) | (811) | (256) |
| Inventories, net | 183 | (46) | (398) |
| Accounts payable | (189) | (188) | (160) |
| Customer advances and amounts in excess of costs incurred | (24) | 3 | (32) |
| Postretirement benefit plans | 1,316 | 1,028 | 1,068 |
| Income taxes | (1,210) | 146 | (48) |
| Other, net | 285 | (210) | 501 |
| Net cash provided by operating activities | 6,476 | 5,189 | 5,101 |
| Investing activities | |||
| Capital expenditures | (1,177) | (1,063) | (939) |
| Acquisitions of businesses and investments in affiliates | 0 | 0 | (9,003) |
| Other, net | 30 | 78 | 208 |
| Net cash used for investing activities | (1,147) | (985) | (9,734) |
| Financing activities | |||
| Repurchases of common stock | (2,001) | (2,096) | (3,071) |
| Dividends paid | (2,163) | (2,048) | (1,932) |
| Special cash payment from divestiture of IS&GS business | 0 | 1,800 | 0 |
| Proceeds from stock option exercises | 71 | 106 | 174 |
| Repayments of long-term debt | 0 | (952) | 0 |
| Proceeds from the issuance of long-term debt | 0 | 0 | 9,101 |
| Proceeds from borrowings under revolving credit facilities | 0 | 0 | 6,000 |
| Repayments of borrowings under revolving credit facilities | 0 | 0 | (6,000) |
| Other, net | (212) | (267) | 5 |
| Net cash (used for) provided by financing activities | (4,305) | (3,457) | 4,277 |
| Net change in cash and cash equivalents | 1,024 | 747 | (356) |
| Cash and cash equivalents at beginning of year | 1,837 | 1,090 | |
| Cash and cash equivalents at end of year | 2,861 | 1,837 | 1,090 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2017 | |
| 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 |