Lockheed Martin Corporation (LMT) financial statements (2022 and earlier)

Company profile

Business Address 6801 ROCKLEDGE DR
BETHESDA, MD 20817
State of Incorp. MD
Fiscal Year End December 31
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6043,1601,5147722,8611,837
Cash and cash equivalents3,6043,1601,5147722,8611,837
Receivables1,9631,9782,3372,4448,6038,202
Inventory, net of allowances, customer advances and progress billings2,9813,5453,6192,9974,4874,670
Inventory2,9813,5453,6192,9978,4559,416
Progress payments netted against inventory for long-term contracts or programs    (3,968)(4,746)
Contract with customer, asset10,5799,5459,0949,472
Other current assets6881,1505314181,510399
Total current assets:19,81519,37817,09516,10317,46115,108
Noncurrent Assets
Property, plant and equipment7,5977,2136,5916,1245,7755,549
Long-term investments and receivables   1,2001,4001,400
Long-term investments   1,2001,4001,400
Intangible assets, net (including goodwill)13,51913,81813,81714,26314,60414,857
Goodwill10,81310,80610,60410,76910,80710,764
Intangible assets, net (excluding goodwill)2,7063,0123,2133,4943,7974,093
Deferred income tax assets2,2903,4753,319
Other noncurrent assets7,6526,8266,7065,1785,5705,667
Other undisclosed noncurrent assets   2,0081,7115,225
Total noncurrent assets:31,05831,33230,43328,77329,06032,698
TOTAL ASSETS:50,87350,71047,52844,87646,52147,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8884,0433,7474,5243,2523,417
Accounts payable7808801,2812,4021,4671,653
Employee-related liabilities3,1083,1632,4662,1221,7851,764
Deferred revenue8,1077,5457,054
Debt65001,2501,500750 
Customer advances and deposits6,7526,776
Contract with customer, liability6,491
Other liabilities1,9961,8451,9211,8831,8832,349
Total current liabilities:13,99713,93313,97214,39812,63712,542
Noncurrent Liabilities
Long-term debt and lease obligation11,67011,66911,40412,60413,51314,282
Long-term debt, excluding current maturities11,67011,66911,40412,60413,51314,282
Liabilities, other than long-term debt14,24719,07018,98116,42520,98019,376
Liability, pension and other postretirement and postemployment benefits8,31912,87413,57112,11416,42214,717
Other liabilities5,9286,1965,4104,3114,5584,659
Total noncurrent liabilities:25,91730,73930,38529,02934,49333,658
Total liabilities:39,91444,67244,35743,42747,13046,200
Stockholders' equity
Stockholders' equity attributable to parent, including:10,9596,0153,1271,394(683)1,511
Common stock271279 281284289
Additional paid in capital94221    
Accumulated other comprehensive loss(11,006)(16,121)(15,554)(14,321)(12,540)(12,102)
Retained earnings21,60021,63618,40115,43411,57313,324
Other undisclosed stockholders' equity attributable to parent  280   
Stockholders' equity attributable to noncontrolling interest 2344557495
Total stockholders' equity:10,9596,0383,1711,449(609)1,606
TOTAL LIABILITIES AND EQUITY:50,87350,71047,52844,87646,52147,806

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues67,04465,39859,81253,76251,04847,248
Revenue, net51,04847,248
Cost of revenue
(Cost of Goods and Services Sold)
(57,983)(56,744)(51,445)(46,488)(45,500)(42,186)
Gross profit:9,0618,6548,3677,2745,5485,062
Other operating income (expense), net62(10)17860373487
Operating income:9,1238,6448,5457,3345,9215,549
Nonoperating income (expense)(1,004)182(651)(828)(1) 
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1,292)   
Other nonoperating income (expense)288182(651)(828)(1) 
Interest and debt expense(569)(591)(653)(668)(651)(663)
Income from continuing operations before income taxes:7,5508,2357,2415,8385,2694,886
Income tax expense(1,235)(1,347)(1,011)(792)(3,340)(1,133)
Income from continuing operations:6,3156,8886,2305,0461,9293,753
Income (loss) from discontinued operations (55)  731,549
Net income available to common stockholders, diluted:6,3156,8336,2305,0462,0025,302

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:6,3156,8336,2305,0462,0025,302
Other comprehensive income (loss)5,115(567)(1,233)626(438)(658)
Comprehensive income, net of tax, attributable to parent:11,4306,2664,9975,6721,5644,644

Statements sources

The financial statements are based on the company's filings with the 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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