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: 2012 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 28, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net sales | |||
| Products | $ 37,817 | 36,925 | 36,380 |
| Services | 9,365 | 9,574 | 9,291 |
| Total net sales | 47,182 | 46,499 | 45,671 |
| Cost of sales | |||
| Products | (33,495) | (32,968) | (32,539) |
| Services | (8,383) | (8,514) | (8,382) |
| Severance and other charges | (48) [1] | (136) | (220) |
| Other unallocated costs | (1,060) | (1,137) | (686) |
| Total cost of sales | (42,986) | (42,755) | (41,827) |
| Gross profit | 4,196 | 3,744 | 3,844 |
| Other income, net | 238 | 276 | 261 |
| Operating profit | 4,434 | 4,020 | 4,105 |
| Interest expense | (383) | (354) | (345) |
| Other non-operating income (expense), net | 21 | (35) | 18 |
| Earnings from continuing operations before income taxes | 4,072 | 3,631 | 3,778 |
| Income tax expense | (1,327) | (964) | (1,164) |
| Net earnings from continuing operations | 2,745 | 2,667 | 2,614 |
| Net (loss) earnings from discontinued operations | (12) | 264 | |
| Net earnings | 2,745 | 2,655 | 2,878 |
| Earnings (loss) per common share | |||
| Basic | |||
| Continuing operations, in USD per common share | 8.48 | 7.94 | 7.18 |
| Discontinued operations, in USD per common share | (0.04) | 0.72 | |
| Basic earnings per common share in USD | 8.48 | 7.90 | 7.90 |
| Diluted | |||
| Continuing operations, in USD per common share | 8.36 | 7.85 | 7.10 |
| Discontinued operations, in USD per common share | (0.04) | 0.71 | |
| Diluted earnings per common share in USD | 8.36 | 7.81 | 7.81 |
| [1] Severance and other charges include the severance charges recorded in 2012 associated with our Aeronautics business segment and the reorganization of our former Electronic Systems business segment; for 2011, include the severance charges associated with our Aeronautics, IS&GS, and Space Systems business segments, and Corporate Headquarters; and for 2010, include the charges related to the VESP and the facilities consolidation within our MST business segment (Note 13). Severance charges for initiatives that | |||
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2012 | |
| 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 |