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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net sales | |||
| Total net sales | $ 59,812 | 53,762 | 49,960 |
| Cost of sales | |||
| Total cost of sales | (51,445) | (46,488) | (43,589) |
| Severance and restructuring charges | 0 | (96) | 0 |
| Gross profit | 8,367 | 7,274 | 6,371 |
| Other income, net | 178 | 60 | 373 |
| Operating profit | 8,545 | 7,334 | 6,744 |
| Interest expense | (653) | (668) | (651) |
| Other non-operating expense, net | (651) | (828) | (847) |
| Earnings from continuing operations before income taxes | 7,241 | 5,838 | 5,246 |
| Income tax expense | (1,011) | (792) | (3,356) |
| Net earnings from continuing operations | 6,230 | 5,046 | 1,890 |
| Net earnings from discontinued operations | 0 | 0 | 73 |
| Net earnings | 6,230 | 5,046 | 1,963 |
| Earnings per common share | |||
| Basic | |||
| Continuing operations (in dollars per share) | 22.09 | 17.74 | 6.56 |
| Discontinued operations (in dollars per share) | 0.00 | 0.00 | 0.26 |
| Basic earnings per common share (in dollars per share) | 22.09 | 17.74 | 6.82 |
| Diluted | |||
| Continuing operations (in dollars per share) | 21.95 | 17.59 | 6.50 |
| Discontinued operations (in dollars per share) | 0.00 | 0.00 | 0.25 |
| Diluted earnings per common share (in dollars per share) | 21.95 | 17.59 | 6.75 |
| Product and Service | |||
| Products | |||
| Total net sales | 50,053 | 45,005 | 42,502 |
| Total cost of sales | (44,589) | (40,293) | (38,417) |
| Services | |||
| Total net sales | 9,759 | 8,757 | 7,458 |
| Total cost of sales | (8,731) | (7,738) | (6,673) |
| Other unallocated, net | |||
| Total cost of sales | 1,875 | 1,639 | 1,501 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2019 | |
| 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 |