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: 2011 | |||
Consolidated Statements Of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 23, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net Sales | |||
| Products | $ 36,925 | 36,380 | 35,689 |
| Services | 9,574 | 9,291 | 8,178 |
| Total net sales | 46,499 | 45,671 | 43,867 |
| Cost of Sales | |||
| Products | (32,968) | (32,539) | (31,643) |
| Services | (8,514) | (8,382) | (7,406) |
| Severance and other charges | (136) | (220) | |
| Other unallocated corporate costs | (1,177) | (742) | (671) |
| Total cost of sales | (42,795) | (41,883) | (39,720) |
| Gross profit | 3,704 | 3,788 | 4,147 |
| Other income, net | 276 | 261 | 220 |
| Operating Profit | 3,980 | 4,049 | 4,367 [1] |
| Interest expense | (354) | (345) | (308) |
| Other non-operating income, net | 5 | 74 | 123 |
| Earnings from continuing operations before income taxes | 3,631 | 3,778 | 4,182 |
| Income tax expense | (964) | (1,164) | (1,215) |
| Net earnings from continuing operations | 2,667 | 2,614 | 2,967 |
| Net earnings (loss) from discontinued operations | (12) | 264 | 6 |
| Net Earnings | 2,655 | 2,878 | 2,973 |
| Basic | |||
| Continuing operations | 7.94 | 7.18 | 7.71 |
| Discontinued operations | (0.04) | 0.72 | 0.02 |
| Basic earnings per common share | 7.90 | 7.90 | 7.73 |
| Diluted | |||
| Continuing operations | 7.85 | 7.10 | 7.63 |
| Discontinued operations | (0.04) | 0.71 | 0.01 |
| Diluted earnings per common share | 7.81 | 7.81 | 7.64 |
| [1] (a) Operating profit included equity in net earnings (losses) of equity investees as follows: (In millions) 2011 2010 2009 Aeronautics $ 7 $ 7 $ 9 Electronic Systems 64 50 53 Space Systems 227 259 218 Total business segments 298 316 280 Corporate activities 34 (4 ) (2 ) Total $ 332 $ 312 $ 278 | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2011 | |
| 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 |