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: 2010 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Net Sales | |||
| Products | $ 36,448 | 35,763 | 34,091 |
| Services | 9,355 | 8,232 | 7,281 |
| Total Net Sales | 45,803 | 43,995 | 41,372 |
| Cost of Sales | |||
| Products | (32,655) | (31,756) | (30,220) |
| Services | (8,350) | (7,376) | (6,517) |
| Voluntary Executive Separation and Other Charges | (220) | ||
| Other Unallocated Corporate Costs | (742) | (671) | (61) |
| Total Cost of Sales | (41,967) | (39,803) | (36,798) |
| Gross Profit | 3,836 | 4,192 | 4,574 |
| Other Income, Net | 261 | 223 | 475 |
| Operating Profit | 4,097 | 4,415 | 5,049 [1] |
| Interest Expense | (345) | (308) | (332) |
| Other Non-Operating Income (Expense), Net | 74 | 123 | (91) |
| Earnings from Continuing Operations before Income Taxes | 3,826 | 4,230 | 4,626 |
| Income Tax Expense | (1,181) | (1,231) | (1,459) |
| Earnings from Continuing Operations | 2,645 | 2,999 | 3,167 |
| Earnings from Discontinued Operations | 281 | 25 | 50 |
| Net Earnings | 2,926 | 3,024 | 3,217 |
| Basic | |||
| Continuing Operations | 7.26 | 7.79 | 7.92 |
| Discontinued Operations | 0.77 | 0.07 | 0.13 |
| Basic Earnings Per Common Share | 8.03 | 7.86 | 8.05 |
| Diluted | |||
| Continuing Operations | 7.18 | 7.71 | 7.74 |
| Discontinued Operations | 0.76 | 0.07 | 0.12 |
| Diluted Earnings Per Common Share | 7.94 | 7.78 | 7.86 |
| [1] (a) Operating profit included equity in net earnings (losses) of equity investees as follows: (In millions) 2010 2009 2008 Aeronautics $ 7 $ 9 $ 21 Electronic Systems 50 53 43 Space Systems 259 218 224 Total business segments 316 280 288 Corporate activities (4 ) (2 ) — Total $ 312 $ 278 $ 288 | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2010 | |
| 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 |