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: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 8, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net earnings | $ 5,046 | 1,963 | 5,173 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,161 | 1,195 | 1,215 |
| Stock-based compensation | 173 | 158 | 149 |
| Deferred income taxes | (244) | 3,448 | (193) |
| Severance and restructuring charges | 96 | 0 | 99 |
| Gain on property sale | 0 | (198) | 0 |
| Gain on divestiture of IS&GS business | 0 | (73) | (1,201) |
| Gain on step acquisition of AWE | 0 | 0 | (104) |
| Changes in assets and liabilities | |||
| Receivables, net | (179) | (902) | 598 |
| Contract assets | (1,480) | 390 | (1,246) |
| Inventories | (119) | (79) | 173 |
| Accounts payable | 914 | (189) | (188) |
| Contract liabilities | (537) | 353 | (163) |
| Postretirement benefit plans | (3,574) | 1,316 | 1,028 |
| Income taxes | 1,077 | (1,210) | 146 |
| Other, net | 804 | 304 | (297) |
| Net cash provided by operating activities | 3,138 | 6,476 | 5,189 |
| Investing activities | |||
| Capital expenditures | (1,278) | (1,177) | (1,063) |
| Other, net | 203 | 30 | 78 |
| Net cash used for investing activities | (1,075) | (1,147) | (985) |
| Financing activities | |||
| Repurchases of common stock | (1,492) | (2,001) | (2,096) |
| Dividends paid | (2,347) | (2,163) | (2,048) |
| Proceeds from issuance of commercial paper, net | 600 | 0 | 0 |
| Special cash payment from divestiture of IS&GS business | 0 | 0 | 1,800 |
| Repayments of long-term debt | (750) | 0 | (952) |
| Other, net | (163) | (141) | (161) |
| Net cash used for financing activities | (4,152) | (4,305) | (3,457) |
| Net change in cash and cash equivalents | (2,089) | 1,024 | 747 |
| Cash and cash equivalents at beginning of year | 2,861 | 1,837 | |
| Cash and cash equivalents at end of year | 772 | 2,861 | 1,837 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2018 | |
| 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 |