Lockheed Martin Corporation (LMT) Financial Statements (2025 and earlier)

Company Profile

Business Address 6801 ROCKLEDGE DR
BETHESDA, MD 20817
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 376 - Guided Missiles And Space Vehicles And Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4831,4422,5473,6043,1601,514
Cash and cash equivalent2,4831,4422,5473,6043,1601,514
Receivables2,3512,1322,5051,9631,9782,337
Inventory, net of allowances, customer advances and progress billings3,4743,1323,0882,9813,5453,619
Inventory3,4743,1323,0882,9813,5453,619
Contract with customer, asset, after allowance for credit loss12,95713,18312,31810,5799,5459,094
Other current assets5846325336881,150531
Total current assets:21,84920,52120,99119,81519,37817,095
Noncurrent Assets
Property, plant and equipment8,7268,3707,9757,5977,2136,591
Intangible assets, net (including goodwill)13,08213,01113,23913,51913,81813,817
Goodwill11,06710,79910,78010,81310,80610,604
Intangible assets, net (excluding goodwill)2,0152,2122,4592,7063,0123,213
Deferred income tax assets3,5572,9533,7442,2903,4753,319
Other noncurrent assets8,4037,6016,9317,6526,8266,706
Total noncurrent assets:33,76831,93531,88931,05831,33230,433
TOTAL ASSETS:55,61752,45652,88050,87350,71047,528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,3475,4455,1923,8884,0433,747
Employee-related liabilities3,1083,1632,466
Accounts payable2,2222,3122,1177808801,281
Accrued liabilities3,1253,1333,075   
Deferred revenue9,7959,1908,4888,1077,5457,054
Debt643168 65001,250
Other liabilities3,6352,1342,2071,9961,8451,921
Total current liabilities:19,42016,93715,88713,99713,93313,972
Noncurrent Liabilities
Long-term debt and lease obligation19,62717,29115,42911,67011,66911,404
Long-term debt, excluding current maturities19,62717,29115,42911,67011,66911,404
Liabilities, other than long-term debt10,23711,39312,29814,24719,07018,981
Liability, pension and other postretirement and postemployment benefits4,7916,1625,4728,31912,87413,571
Other liabilities5,4465,2316,8265,9286,1965,410
Total noncurrent liabilities:29,86428,68427,72725,91730,73930,385
Total liabilities:49,28445,62143,61439,91444,67244,357
Equity
Equity, attributable to parent, including:6,3336,8359,26610,9596,0153,127
Common stock234240254271279 
Additional paid in capital   9294221 
Accumulated other comprehensive loss(8,452)(8,803)(8,023)(11,006)(16,121)(15,554)
Retained earnings14,55115,39816,94321,60021,63618,401
Other undisclosed equity, attributable to parent      280
Equity, attributable to noncontrolling interest     2344
Total equity:6,3336,8359,26610,9596,0383,171
TOTAL LIABILITIES AND EQUITY:55,61752,45652,88050,87350,71047,528

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues71,04367,57165,98467,04465,39859,812
Cost of revenue(64,113)(59,092)(57,697)(57,983)(56,744)(51,445)
Cost of product and service sold    (57,983)(56,744)(51,445)
Gross profit:6,9308,4798,2879,0618,6548,367
Other operating income (expense), net83286162(10)178
Operating income:7,0138,5078,3489,1238,6448,545
Nonoperating income (expense)243507(1,045)(1,004)182(651)
Net periodic defined benefits expense (reversal of expense), excluding service cost component62443(971)(1,292)  
Other nonoperating income (expense)18164(74)288182(651)
Interest and debt expense(1,036)(916)(623)(569)(591)(653)
Income from continuing operations before income taxes:6,2208,0986,6807,5508,2357,241
Income tax expense(884)(1,178)(948)(1,235)(1,347)(1,011)
Income from continuing operations:5,3366,9205,7326,3156,8886,230
Income before gain (loss) on sale of properties:6,3156,8336,230
Loss from discontinued operations     (55) 
Net income available to common stockholders, diluted:5,3366,9205,7326,3156,8336,230

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:5,3366,9205,7326,3156,8336,230
Other comprehensive income (loss)351(780)2,9835,115(567)(1,233)
Comprehensive income:5,6876,1408,71511,4306,2664,997
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:5,6876,1408,71511,4306,2664,997

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: