Lockheed Martin Corporation (LMT) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4422,5473,6043,1601,514772
Cash and cash equivalents1,4422,5473,6043,1601,514772
Receivables2,1322,5051,9631,9782,3372,444
Inventory, net of allowances, customer advances and progress billings3,1323,0882,9813,5453,6192,997
Inventory3,1323,0882,9813,5453,6192,997
Contract with customer, asset, after allowance for credit loss13,18312,31810,5799,5459,0949,472
Other current assets6325336881,150531418
Total current assets:20,52120,99119,81519,37817,09516,103
Noncurrent Assets
Property, plant and equipment8,3707,9757,5977,2136,5916,124
Long-term investments and receivables      1,200
Long-term investments      1,200
Intangible assets, net (including goodwill)13,01113,23913,51913,81813,81714,263
Goodwill10,79910,78010,81310,80610,60410,769
Intangible assets, net (excluding goodwill)2,2122,4592,7063,0123,2133,494
Deferred income tax assets2,9533,7442,2903,4753,319
Other noncurrent assets7,6016,9317,6526,8266,7065,178
Other undisclosed noncurrent assets      2,008
Total noncurrent assets:31,93531,88931,05831,33230,43328,773
TOTAL ASSETS:52,45652,88050,87350,71047,52844,876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4455,1923,8884,0433,7474,524
Employee-related liabilities3,1083,1632,4662,122
Accounts payable2,3122,1177808801,2812,402
Accrued liabilities3,1333,075    
Deferred revenue9,1908,4888,1077,5457,054
Debt168 65001,2501,500
Other liabilities2,1342,2071,9961,8451,9211,883
Contract with customer, liability6,491
Total current liabilities:16,93715,88713,99713,93313,97214,398
Noncurrent Liabilities
Long-term debt and lease obligation17,29115,42911,67011,66911,40412,604
Long-term debt, excluding current maturities17,29115,42911,67011,66911,40412,604
Liabilities, other than long-term debt11,39312,29814,24719,07018,98116,425
Liability, pension and other postretirement and postemployment benefits6,1625,4728,31912,87413,57112,114
Other liabilities5,2316,8265,9286,1965,4104,311
Total noncurrent liabilities:28,68427,72725,91730,73930,38529,029
Total liabilities:45,62143,61439,91444,67244,35743,427
Equity
Equity, attributable to parent, including:6,8359,26610,9596,0153,1271,394
Common stock240254271279 281
Additional paid in capital  9294221  
Accumulated other comprehensive loss(8,803)(8,023)(11,006)(16,121)(15,554)(14,321)
Retained earnings15,39816,94321,60021,63618,40115,434
Other undisclosed equity, attributable to parent     280 
Equity, attributable to noncontrolling interest    234455
Total equity:6,8359,26610,9596,0383,1711,449
TOTAL LIABILITIES AND EQUITY:52,45652,88050,87350,71047,52844,876

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues67,57165,98467,04465,39859,81253,762
Cost of revenue(59,092)(57,697)(57,983)(56,744)(51,445)(46,488)
Cost of goods and services sold   (57,983)(56,744)(51,445)(46,488)
Gross profit:8,4798,2879,0618,6548,3677,274
Other operating income (expense), net286162(10)17860
Operating income:8,5078,3489,1238,6448,5457,334
Nonoperating income (expense)507(1,045)(1,004)182(651)(828)
Net periodic defined benefits expense (reversal of expense), excluding service cost component443(971)(1,292)   
Other nonoperating income (expense)64(74)288182(651)(828)
Interest and debt expense(916)(623)(569)(591)(653)(668)
Income from continuing operations before income taxes:8,0986,6807,5508,2357,2415,838
Income tax expense(1,178)(948)(1,235)(1,347)(1,011)(792)
Income from continuing operations:6,9205,7326,3156,8886,2305,046
Income before gain (loss) on sale of properties:6,3156,8336,2305,046
Loss from discontinued operations    (55)  
Net income available to common stockholders, diluted:6,9205,7326,3156,8336,2305,046

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:6,9205,7326,3156,8336,2305,046
Other comprehensive income (loss)(780)2,9835,115(567)(1,233)626
Comprehensive income, net of tax, attributable to parent:6,1408,71511,4306,2664,9975,672

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.

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