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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1601,5147722,8611,8372,190
Cash and cash equivalents3,1601,5147722,8611,8371,090
Short-term investments     1,100
Receivables1,9782,3372,4448,6038,2028,061
Inventory, net of allowances, customer advances and progress billings, including:3,5453,6192,9974,4874,6704,962
Inventory3,5453,6192,9978,4559,416 
Progress payments netted against inventory for long-term contracts or programs   (3,968)(4,746)(5,035)
Other undisclosed inventory, net of allowances, customer advances and progress billings     9,997
Contract with customer, asset9,5459,0949,472
Other current assets1,1505314181,510399622
Other undisclosed current assets     363
Total current assets:19,37817,09516,10317,46115,10816,198
Noncurrent Assets
Property, plant and equipment7,2136,5916,1245,7755,5495,490
Long-term investments and receivables  1,2001,4001,4001,300
Long-term investments  1,2001,4001,4001,300
Intangible assets, net (including goodwill)13,81813,81714,26314,60414,85717,723
Goodwill10,80610,60410,76910,80710,76413,576
Intangible assets, net (excluding goodwill)3,0123,2133,4943,7974,0934,147
Deferred income tax assets3,4753,319
Other noncurrent assets6,8266,7065,1785,5705,6675,247
Other undisclosed noncurrent assets  2,0081,7115,2253,170
Total noncurrent assets:31,33230,43328,77329,06032,69832,930
TOTAL ASSETS:50,71047,52844,87646,52147,80649,128
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,0433,7474,5243,2523,4173,890
Accounts payable8801,2812,4021,4671,6531,974
Employee-related liabilities3,1632,4662,1221,7851,7641,916
Deferred revenue7,5457,054
Debt5001,2501,500750 956
Customer advances and deposits6,7526,7766,988
Contract with customer, liability6,491
Other liabilities1,8451,9211,8831,8832,3492,223
Total current liabilities:13,93313,97214,39812,63712,54214,057
Noncurrent Liabilities
Long-term debt and lease obligation11,66911,40412,60413,51314,28214,305
Long-term debt, excluding current maturities11,66911,40412,60413,51314,28214,305
Liabilities, other than long-term debt19,07018,98116,42520,98019,37617,669
Liability, pension and other postretirement and postemployment benefits12,87413,57112,11416,42214,71712,877
Other liabilities6,1965,4104,3114,5584,6594,792
Total noncurrent liabilities:30,73930,38529,02934,49333,65831,974
Total liabilities:44,67244,35743,42747,13046,20046,031
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0153,1271,394(683)1,5113,097
Common stock279 281284289303
Additional paid in capital221     
Accumulated other comprehensive loss(16,121)(15,554)(14,321)(12,540)(12,102)(11,444)
Retained earnings21,63618,40115,43411,57313,32414,238
Other undisclosed stockholders' equity attributable to parent 280    
Stockholders' equity attributable to noncontrolling interest2344557495 
Total stockholders' equity:6,0383,1711,449(609)1,6063,097
TOTAL LIABILITIES AND EQUITY:50,71047,52844,87646,52147,80649,128

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues65,39859,81253,76251,04847,24846,132
Revenue, net51,04847,24846,132
Cost of revenue
(Cost of Goods and Services Sold)
(56,744)(51,445)(46,488)(45,500)(42,186)(40,932)
Gross profit:8,6548,3677,2745,5485,0625,200
Other operating income (expense), net(10)17860373487236
Operating income:8,6448,5457,3345,9215,5495,436
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
182(651)(828)(1) 30
Interest and debt expense(591)(653)(668)(651)(663)(443)
Income from continuing operations before income taxes:8,2357,2415,8385,2694,8865,023
Income tax expense(1,347)(1,011)(792)(3,340)(1,133)(1,418)
Income from continuing operations:6,8886,2305,0461,9293,7533,605
Income (loss) from discontinued operations(55)  731,549 
Net income available to common stockholders, diluted:6,8336,2305,0462,0025,3023,605

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6,8336,2305,0462,0025,3023,605
Other comprehensive income (loss)(567)(1,233)626(438)(658)426
Comprehensive income, net of tax, attributable to parent:6,2664,9975,6721,5644,6444,031

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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