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: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 25, 2022) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
Operating activities | |||
Net earnings | $ 6,315 | 6,833 | 6,230 |
Adjustments to reconcile net earnings to net cash provided by operating activities | |||
Depreciation and amortization | 1,364 | 1,290 | 1,189 |
Stock-based compensation | 227 | 221 | 189 |
Equity method investment impairment | 0 | 128 | 0 |
Tax resolution related to former IS&GS business | 0 | 55 | 0 |
Deferred income taxes | (183) | 5 | 222 |
Pension settlement charge | 1,665 | 0 | 0 |
Severance and restructuring charges | 36 | 27 | 0 |
Gain on property sale | 0 | 0 | (51) |
Changes in assets and liabilities | |||
Receivables, net | 15 | 359 | 107 |
Contract assets | (1,034) | (451) | 378 |
Inventories | 564 | 74 | (622) |
Accounts payable | (98) | (372) | (1,098) |
Contract liabilities | 562 | 491 | 563 |
Income taxes | 45 | (19) | (151) |
Postretirement benefit plans | (267) | (1,197) | 81 |
Other, net | 10 | 739 | 274 |
Net cash provided by operating activities | 9,221 | 8,183 | 7,311 |
Investing activities | |||
Capital expenditures | (1,522) | (1,766) | (1,484) |
Acquisitions of businesses | 0 | (282) | 0 |
Other, net | 361 | 38 | 243 |
Net cash used for investing activities | (1,161) | (2,010) | (1,241) |
Financing activities | |||
Repayment of commercial paper, net | 0 | 0 | (600) |
Issuance of long-term debt, net of related costs | 0 | 1,131 | 0 |
Repayments of long-term debt | (500) | (1,650) | (900) |
Repurchases of common stock | (4,087) | (1,100) | (1,200) |
Dividends paid | (2,940) | (2,764) | (2,556) |
Other, net | (89) | (144) | (72) |
Net cash used for financing activities | (7,616) | (4,527) | (5,328) |
Net change in cash and cash equivalents | 444 | 1,646 | 742 |
Cash and cash equivalents at beginning of year | 3,160 | 1,514 | |
Cash and cash equivalents at end of year | 3,604 | 3,160 | 1,514 |
External Links | |
LOCKHEED MARTIN CORP (LMT) Fiscal Year 2021 | |
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 |