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 investments | 1,514 | 772 | 2,861 | 1,837 | 2,190 | 2,546 | ||
| Cash and cash equivalents | 1,514 | 772 | 2,861 | 1,837 | 1,090 | 1,446 | ||
| Short-term investments | 1,100 | 1,100 | ||||||
| Receivables | 2,337 | 2,444 | 8,603 | 8,202 | 8,061 | 5,884 | ||
| Inventory, net of allowances, customer advances and progress billings, including: | 3,619 | 2,997 | 4,487 | 4,670 | 4,962 | 2,882 | ||
| Inventory | 3,619 | 2,997 | 8,455 | 9,416 | ||||
| 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 | 9,997 | 7,583 | ||||||
| Contract with customer, asset | 9,094 | 9,472 | ✕ | ✕ | ✕ | ✕ | ||
| Other current assets | 531 | 418 | 1,510 | 399 | 622 | 666 | ||
| Other undisclosed current assets | 363 | 351 | ||||||
| Total current assets: | 17,095 | 16,103 | 17,461 | 15,108 | 16,198 | 12,329 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 6,591 | 6,124 | 5,775 | 5,549 | 5,490 | 4,755 | ||
| Long-term investments and receivables | 1,200 | 1,400 | 1,400 | 1,300 | 971 | |||
| Long-term investments | 1,200 | 1,400 | 1,400 | 1,300 | 971 | |||
| Intangible assets, net (including goodwill) | 13,817 | 14,263 | 14,604 | 14,857 | 17,723 | 10,862 | ||
| Goodwill | 10,604 | 10,769 | 10,807 | 10,764 | 13,576 | 10,862 | ||
| Intangible assets, net (excluding goodwill) | 3,213 | 3,494 | 3,797 | 4,093 | 4,147 | |||
| Deferred income tax assets | 3,319 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 6,706 | 5,178 | 5,570 | 5,667 | 5,247 | 5,114 | ||
| Other undisclosed noncurrent assets | 2,008 | 1,711 | 5,225 | 3,170 | 3,042 | |||
| Total noncurrent assets: | 30,433 | 28,773 | 29,060 | 32,698 | 32,930 | 24,744 | ||
| TOTAL ASSETS: | 47,528 | 44,876 | 46,521 | 47,806 | 49,128 | 37,073 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 3,747 | 4,524 | 3,252 | 3,417 | 3,890 | 3,396 | ||
| Accounts payable | 1,281 | 2,402 | 1,467 | 1,653 | 1,974 | 1,570 | ||
| Employee-related liabilities | 2,466 | 2,122 | 1,785 | 1,764 | 1,916 | 1,826 | ||
| Deferred revenue | 7,054 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 1,250 | 1,500 | 750 | 956 | ||||
| Customer advances and deposits | ✕ | ✕ | 6,752 | 6,776 | 6,988 | 5,790 | ||
| Contract with customer, liability | ✕ | 6,491 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 1,921 | 1,883 | 1,883 | 2,349 | 2,223 | 1,926 | ||
| Total current liabilities: | 13,972 | 14,398 | 12,637 | 12,542 | 14,057 | 11,112 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 11,404 | 12,604 | 13,513 | 14,282 | 14,305 | 6,169 | ||
| Long-term debt, excluding current maturities | 11,404 | 12,604 | 13,513 | 14,282 | 14,305 | 6,169 | ||
| Liabilities, other than long-term debt | 18,981 | 16,425 | 20,980 | 19,376 | 17,669 | 16,392 | ||
| Liability, pension and other postretirement and postemployment benefits | 13,571 | 12,114 | 16,422 | 14,717 | 12,877 | 12,515 | ||
| Other liabilities | 5,410 | 4,311 | 4,558 | 4,659 | 4,792 | 3,877 | ||
| Total noncurrent liabilities: | 30,385 | 29,029 | 34,493 | 33,658 | 31,974 | 22,561 | ||
| Total liabilities: | 44,357 | 43,427 | 47,130 | 46,200 | 46,031 | 33,673 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 3,127 | 1,394 | (683) | 1,511 | 3,097 | 3,400 | ||
| Common stock | 281 | 284 | 289 | 303 | 314 | |||
| Accumulated other comprehensive loss | (15,554) | (14,321) | (12,540) | (12,102) | (11,444) | (11,870) | ||
| Retained earnings | 18,401 | 15,434 | 11,573 | 13,324 | 14,238 | 14,956 | ||
| Other undisclosed stockholders' equity attributable to parent | 280 | |||||||
| Stockholders' equity attributable to noncontrolling interest | 44 | 55 | 74 | 95 | ||||
| Total stockholders' equity: | 3,171 | 1,449 | (609) | 1,606 | 3,097 | 3,400 | ||
| TOTAL LIABILITIES AND EQUITY: | 47,528 | 44,876 | 46,521 | 47,806 | 49,128 | 37,073 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 59,812 | 53,762 | 51,048 | 47,248 | 46,132 | 45,600 | |
| Revenue, net | ✕ | ✕ | 51,048 | 47,248 | 46,132 | 45,600 | |
| Cost of revenue (Cost of Goods and Services Sold) | (51,445) | (46,488) | (45,500) | (42,186) | (40,932) | (40,345) | |
| Gross profit: | 8,367 | 7,274 | 5,548 | 5,062 | 5,200 | 5,255 | |
| Operating expenses | (2,122) | ||||||
| Other operating income, net | 178 | 60 | 373 | 487 | 236 | 337 | |
| Other undisclosed operating income | 2,122 | ||||||
| Operating income: | 8,545 | 7,334 | 5,921 | 5,549 | 5,436 | 5,592 | |
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (651) | (828) | (1) | 30 | 6 | ||
| Interest and debt expense | (653) | (668) | (651) | (663) | (443) | (340) | |
| Income from continuing operations before equity method investments, income taxes: | 7,241 | 5,838 | 5,269 | 4,886 | 5,023 | 5,258 | |
| Income from equity method investments | 342 | ||||||
| Other undisclosed loss from continuing operations before income taxes | (342) | ||||||
| Income from continuing operations before income taxes: | 7,241 | 5,838 | 5,269 | 4,886 | 5,023 | 5,258 | |
| Income tax expense | (1,011) | (792) | (3,340) | (1,133) | (1,418) | (1,644) | |
| Income from continuing operations: | 6,230 | 5,046 | 1,929 | 3,753 | 3,605 | 3,614 | |
| Income from discontinued operations | 73 | 1,549 | |||||
| Net income available to common stockholders, diluted: | 6,230 | 5,046 | 2,002 | 5,302 | 3,605 | 3,614 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 6,230 | 5,046 | 2,002 | 5,302 | 3,605 | 3,614 | |
| Other comprehensive income (loss) | (1,233) | 626 | (438) | (658) | 426 | (2,269) | |
| Comprehensive income, net of tax, attributable to parent: | 4,997 | 5,672 | 1,564 | 4,644 | 4,031 | 1,345 | |
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.