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: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net earnings | $ 6,833 | 6,230 | 5,046 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,290 | 1,189 | 1,161 |
| Stock-based compensation | 221 | 189 | 173 |
| Equity method investment impairment | 128 | 0 | 0 |
| Tax resolution related to former IS&GS business | 55 | 0 | 0 |
| Deferred income taxes | 5 | 222 | (244) |
| Severance charges | 27 | 0 | 96 |
| Gain on property sale | 0 | (51) | 0 |
| Changes in assets and liabilities | |||
| Receivables, net | 359 | 107 | (179) |
| Contract assets | (451) | 378 | (1,480) |
| Inventories | 74 | (622) | (119) |
| Accounts payable | (372) | (1,098) | 914 |
| Contract liabilities | 491 | 563 | (537) |
| Postretirement benefit plans | (1,197) | 81 | (3,574) |
| Income taxes | (19) | (151) | 1,077 |
| Other, net | 739 | 274 | 804 |
| Net cash provided by operating activities | 8,183 | 7,311 | 3,138 |
| Investing activities | |||
| Capital expenditures | (1,766) | (1,484) | (1,278) |
| Acquisitions of businesses | (282) | 0 | 0 |
| Other, net | 38 | 243 | 203 |
| Net cash used for investing activities | (2,010) | (1,241) | (1,075) |
| Financing activities | |||
| Repurchases of common stock | (1,100) | (1,200) | (1,492) |
| Dividends paid | (2,764) | (2,556) | (2,347) |
| Proceeds from issuance of commercial paper, net | 0 | 0 | 600 |
| Repayment of commercial paper, net | 0 | (600) | 0 |
| Repayments of current and long-term debt | (1,650) | (900) | (750) |
| Issuance of long-term debt, net of related costs | 1,131 | 0 | 0 |
| Other, net | (144) | (72) | (163) |
| Net cash used for financing activities | (4,527) | (5,328) | (4,152) |
| Net change in cash and cash equivalents | 1,646 | 742 | (2,089) |
| Cash and cash equivalents at beginning of year | 1,514 | 772 | |
| Cash and cash equivalents at end of year | 3,160 | 1,514 | 772 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2020 | |
| 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 |