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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6732,4402,5472,4301,7751,883
Cash and cash equivalents3,6732,4402,5472,4301,7751,883
Receivables3,4272,5832,5052,4843,4012,527
Inventory, net of allowances, customer advances and progress billings, including:3,4983,4713,0883,1133,4313,144
Inventory   3,088   
Other undisclosed inventory, net of allowances, customer advances and progress billings3,4983,471 3,1133,4313,144
Contract with customer, asset, after allowance for credit loss13,00813,18912,31812,33311,75312,130
Other current assets481461533600613706
Total current assets:24,08722,14420,99120,96020,97320,390
Noncurrent Assets
Property, plant and equipment7,9667,9387,9757,6297,5697,561
Intangible assets, net (including goodwill)13,13113,17313,23913,28513,37813,455
Goodwill10,79510,77610,78010,76410,79410,811
Intangible assets, net (excluding goodwill)2,3362,3972,4592,5212,5842,644
Deferred income tax assets4,5184,1753,7443,1162,6802,688
Other noncurrent assets7,2767,1926,9317,0407,1587,416
Total noncurrent assets:32,89132,47831,88931,07030,78531,120
TOTAL ASSETS:56,97854,62252,88052,03051,75851,510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3625,9055,1928,9248,1795,270
Employee-related liabilities3,1512,9352,671
Accounts payable3,4663,2712,1172,6222,3092,599
Accrued liabilities2,8962,6343,0753,1512,935 
Deferred revenue8,1848,3368,4888,0598,0777,902
Debt283115   500
Other liabilities2,8752,6262,2072,5153,1582,375
Other undisclosed current liabilities    (3,151)(2,935) 
Total current liabilities:17,70416,98215,88716,34716,47916,047
Noncurrent Liabilities
Long-term debt and lease obligation17,26215,48515,42911,48011,64411,145
Long-term debt, excluding current maturities17,26215,48515,42911,48011,64411,145
Liabilities, other than long-term debt12,77212,50912,29812,23712,20314,316
Liability, pension and other postretirement and postemployment benefits5,3735,4225,4725,7455,8088,143
Other liabilities7,3997,0876,8266,4926,3956,173
Total noncurrent liabilities:30,03427,99427,72723,71723,84725,461
Total liabilities:47,73844,97643,61440,06440,32641,508
Equity
Equity, attributable to parent9,2409,6469,26611,96611,43210,002
Common stock251254254261264265
Additional paid in capital  92   
Accumulated other comprehensive loss(8,079)(8,086)(8,023)(8,134)(8,168)(10,979)
Retained earnings17,06817,47816,94319,83919,33620,716
Total equity:9,2409,6469,26611,96611,43210,002
TOTAL LIABILITIES AND EQUITY:56,97854,62252,88052,03051,75851,510

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues16,69315,12618,99116,58315,44614,964
Cost of revenue(14,603)(13,080)(16,689)(14,463)(13,490)(13,055)
Cost of goods and services sold     (13,490)(13,055)
Gross profit:2,0902,0462,3022,1201,9561,909
Other operating income (expense), net45(9)(9)39724
Operating income:2,1352,0372,2932,1591,9631,933
Nonoperating income (expense)941599985(1,492)263
Net periodic defined benefits expense (reversal of expense), excluding service cost component111110109111(1,331)140
Other nonoperating income (expense)(17)49(10)(26)(161)123
Interest and debt expense(223)(202)(202)(145)(141)(135)
Income from continuing operations before income taxes:2,0061,9942,1902,0993302,061
Income tax expense(325)(305)(278)(321)(21)(328)
Income from continuing operations:1,6811,6891,9121,7783091,733
Income before gain (loss) on sale of properties:1,7783091,733
Net income available to common stockholders, diluted:1,6811,6891,9121,7783091,733

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:1,6811,6891,9121,7783091,733
Other comprehensive income (loss)7(63)111342,81127
Comprehensive income, net of tax, attributable to parent:1,6881,6262,0231,8123,1201,760

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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