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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net sales | |||
| Total net sales | $ 65,398 | 59,812 | 53,762 |
| Cost of sales | |||
| Total cost of sales | (56,744) | (51,445) | (46,488) |
| Severance charges | (27) | 0 | (96) |
| Gross profit | 8,654 | 8,367 | 7,274 |
| Other (expense) income, net | (10) | 178 | 60 |
| Operating profit | 8,644 | 8,545 | 7,334 |
| Interest expense | (591) | (653) | (668) |
| Other non-operating income (expense), net | 182 | (651) | (828) |
| Earnings from continuing operations before income taxes | 8,235 | 7,241 | 5,838 |
| Income tax expense | (1,347) | (1,011) | (792) |
| Net earnings from continuing operations | 6,888 | 6,230 | 5,046 |
| Net loss from discontinued operations | (55) | 0 | 0 |
| Net earnings | 6,833 | 6,230 | 5,046 |
| Earnings (loss) per common share | |||
| Basic | |||
| Continuing operations (in dollars per share) | 24.60 | 22.09 | 17.74 |
| Discontinued operations (in dollars per share) | (0.20) | 0.00 | 0.00 |
| Basic earnings per common share (in dollars per share) | 24.40 | 22.09 | 17.74 |
| Diluted | |||
| Continuing operations (in dollars per share) | 24.50 | 21.95 | 17.59 |
| Discontinued operations (in dollars per share) | (0.20) | 0.00 | 0.00 |
| Diluted earnings per common share (in dollars per share) | 24.30 | 21.95 | 17.59 |
| Product and Service | |||
| Products | |||
| Total net sales | 54,928 | 50,053 | 45,005 |
| Total cost of sales | (48,996) | (44,589) | (40,293) |
| Services | |||
| Total net sales | 10,470 | 9,759 | 8,757 |
| Total cost of sales | (9,371) | (8,731) | (7,738) |
| Other unallocated, net | |||
| Total cost of sales | 1,650 | 1,875 | 1,639 |
| External Links | |
| LOCKHEED MARTIN CORP (LMT) Fiscal Year 2020 | |
| 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 |