Lockheed Martin Corporation (LMT) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5147722,8611,8372,1902,546
Cash and cash equivalents1,5147722,8611,8371,0901,446
Short-term investments    1,1001,100
Receivables2,3372,4448,6038,2028,0615,884
Inventory, net of allowances, customer advances and progress billings, including:3,6192,9974,4874,6704,9622,882
Inventory3,6192,9978,4559,416  
Progress payments netted against inventory for long-term contracts or programs  (3,968)(4,746)(5,035)(4,701)
Other undisclosed inventory, net of allowances, customer advances and progress billings    9,9977,583
Contract with customer, asset9,0949,472
Other current assets5314181,510399622666
Other undisclosed current assets    363351
Total current assets:17,09516,10317,46115,10816,19812,329
Noncurrent Assets
Property, plant and equipment6,5916,1245,7755,5495,4904,755
Long-term investments and receivables 1,2001,4001,4001,300971
Long-term investments 1,2001,4001,4001,300971
Intangible assets, net (including goodwill)13,81714,26314,60414,85717,72310,862
Goodwill10,60410,76910,80710,76413,57610,862
Intangible assets, net (excluding goodwill)3,2133,4943,7974,0934,147 
Deferred income tax assets3,319
Other noncurrent assets6,7065,1785,5705,6675,2475,114
Other undisclosed noncurrent assets 2,0081,7115,2253,1703,042
Total noncurrent assets:30,43328,77329,06032,69832,93024,744
TOTAL ASSETS:47,52844,87646,52147,80649,12837,073
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,7474,5243,2523,4173,8903,396
Accounts payable1,2812,4021,4671,6531,9741,570
Employee-related liabilities2,4662,1221,7851,7641,9161,826
Deferred revenue7,054
Debt1,2501,500750 956 
Customer advances and deposits6,7526,7766,9885,790
Contract with customer, liability6,491
Other liabilities1,9211,8831,8832,3492,2231,926
Total current liabilities:13,97214,39812,63712,54214,05711,112
Noncurrent Liabilities
Long-term debt and lease obligation11,40412,60413,51314,28214,3056,169
Long-term debt, excluding current maturities11,40412,60413,51314,28214,3056,169
Liabilities, other than long-term debt18,98116,42520,98019,37617,66916,392
Liability, pension and other postretirement and postemployment benefits13,57112,11416,42214,71712,87712,515
Other liabilities5,4104,3114,5584,6594,7923,877
Total noncurrent liabilities:30,38529,02934,49333,65831,97422,561
Total liabilities:44,35743,42747,13046,20046,03133,673
Stockholders' equity
Stockholders' equity attributable to parent, including:3,1271,394(683)1,5113,0973,400
Common stock 281284289303314
Accumulated other comprehensive loss(15,554)(14,321)(12,540)(12,102)(11,444)(11,870)
Retained earnings18,40115,43411,57313,32414,23814,956
Other undisclosed stockholders' equity attributable to parent280     
Stockholders' equity attributable to noncontrolling interest44557495  
Total stockholders' equity:3,1711,449(609)1,6063,0973,400
TOTAL LIABILITIES AND EQUITY:47,52844,87646,52147,80649,12837,073

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues59,81253,76251,04847,24846,13245,600
Revenue, net51,04847,24846,13245,600
Cost of revenue
(Cost of Goods and Services Sold)
(51,445)(46,488)(45,500)(42,186)(40,932)(40,345)
Gross profit:8,3677,2745,5485,0625,2005,255
Operating expenses     (2,122)
Other operating income, net17860373487236337
Other undisclosed operating income     2,122
Operating income:8,5457,3345,9215,5495,4365,592
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(651)(828)(1) 306
Interest and debt expense(653)(668)(651)(663)(443)(340)
Income from continuing operations before equity method investments, income taxes:7,2415,8385,2694,8865,0235,258
Income from equity method investments     342
Other undisclosed loss from continuing operations before income taxes     (342)
Income from continuing operations before income taxes:7,2415,8385,2694,8865,0235,258
Income tax expense(1,011)(792)(3,340)(1,133)(1,418)(1,644)
Income from continuing operations:6,2305,0461,9293,7533,6053,614
Income from discontinued operations  731,549  
Net income available to common stockholders, diluted:6,2305,0462,0025,3023,6053,614

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:6,2305,0462,0025,3023,6053,614
Other comprehensive income (loss)(1,233)626(438)(658)426(2,269)
Comprehensive income, net of tax, attributable to parent:4,9975,6721,5644,6444,0311,345

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.

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: