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: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net earnings | $ 5,732 | 6,315 | 6,833 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,404 | 1,364 | 1,290 |
| Stock-based compensation | 238 | 227 | 221 |
| Equity method investment impairment | 0 | 0 | 128 |
| Tax resolution related to former IS&GS business | 0 | 0 | 55 |
| Deferred income taxes | (757) | (183) | 5 |
| Pension settlement charge | 1,470 | 1,665 | 0 |
| Severance and other charges | 100 | 36 | 27 |
| Changes in: | |||
| Receivables, net | (542) | 15 | 359 |
| Contract assets | (1,739) | (1,034) | (451) |
| Inventories | (107) | 564 | 74 |
| Accounts payable | 1,274 | (98) | (372) |
| Contract liabilities | 381 | 562 | 491 |
| Income taxes | 148 | 45 | (19) |
| Qualified defined benefit pension plans | (412) | (267) | (1,197) |
| Other, net | 612 | 10 | 739 |
| Net cash provided by operating activities | 7,802 | 9,221 | 8,183 |
| Investing activities | |||
| Capital expenditures | (1,670) | (1,522) | (1,766) |
| Other, net | (119) | 361 | (244) |
| Net cash used for investing activities | (1,789) | (1,161) | (2,010) |
| Financing activities | |||
| Issuance of long-term debt, net of related costs | 6,211 | 0 | 1,131 |
| Repayments of long-term debt | (2,250) | (500) | (1,650) |
| Repurchases of common stock | (7,900) | (4,087) | (1,100) |
| Dividends paid | (3,016) | (2,940) | (2,764) |
| Other, net | (115) | (89) | (144) |
| Net cash used for financing activities | (7,070) | (7,616) | (4,527) |
| Net change in cash and cash equivalents | (1,057) | 444 | 1,646 |
| Cash and cash equivalents at beginning of year | 3,604 | 3,160 | |
| Cash and cash equivalents at end of year | 2,547 | 3,604 | 3,160 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2022 | |
| 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 |