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LMT
LOCKHEED MARTIN CORPIndustrialsanswer key
| field | SEC value | XBRL concept | printed on |
|---|---|---|---|
| Total revenue | $75.0B | Revenues | Total sales |
| Operating income | $7.7B | OperatingIncomeLoss | Operating profit |
| Net income attributable to the company | $5.0B | NetIncomeLoss | Net earnings |
| Diluted EPS | $21.49 | EarningsPerShareDiluted | Diluted |
| Cash and cash equivalents | $4.1B | CashAndCashEquivalentsAtCarryingValue | Cash and cash equivalents |
| Total assets | $59.8B | Assets | Total assets · Total liabilities and equity |
| Total liabilities | $53.1B | Liabilities | Total liabilities |
| Total shareholders' equity attributable to the company | $6.7B | StockholdersEquity | Total stockholders’ equity |
| Net cash from operating activities | $8.6B | NetCashProvidedByUsedInOperatingActivities | Net cash provided by operating activities |
| Net cash from investing activities | -$2.0B | NetCashProvidedByUsedInInvestingActivities | Net cash used for investing activities |
| Net cash from financing activities | -$4.9B | NetCashProvidedByUsedInFinancingActivities | Net cash used for financing activities |
Income statement
table #21 · score 50 vs 33.3 runner-up · in millions| Years Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Sales | |||
| Products | 62,654 | 59,277 | 56,265 |
| Services | 12,394 | 11,766 | 11,306 |
| Total sales | 75,048 | 71,043 | 67,571 |
| Operating costs and expenses | |||
| Products | (57,020) | (54,852) | (50,206) |
| Services | (11,339) | (10,217) | (10,027) |
| Impairment and other charges | (66) | (87) | (92) |
| Other unallocated, net | 996 | 1,043 | 1,233 |
| Total operating costs and expenses | (67,429) | (64,113) | (59,092) |
| Gross profit | 7,619 | 6,930 | 8,479 |
| Other income, net | 112 | 83 | 28 |
| Operating profit | 7,731 | 7,013 | 8,507 |
| Interest expense | (1,118) | (1,036) | (916) |
| Non-service FAS pension (expense) income | (874) | 62 | 443 |
| Other non-operating income, net | 183 | 181 | 64 |
| Earnings before income taxes | 5,922 | 6,220 | 8,098 |
| Income tax expense | (905) | (884) | (1,178) |
| Net earnings | 5,017 | 5,336 | 6,920 |
| Earnings per common share | |||
| Basic | 21.56 | 22.39 | 27.65 |
| Diluted | 21.49 | 22.31 | 27.55 |
Balance sheet
table #23 · score 52.3 vs 7.5 runner-up · in millions| December 31, | ||
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 4,121 | 2,483 |
| Receivables, net | 3,901 | 2,351 |
| Contract assets | 13,001 | 12,957 |
| Inventories | 3,524 | 3,474 |
| Other current assets | 815 | 584 |
| Total current assets | 25,362 | 21,849 |
| Property, plant and equipment, net | 8,875 | 8,726 |
| Goodwill | 11,314 | 11,067 |
| Intangible assets, net | 1,887 | 2,015 |
| Deferred income taxes | 2,975 | 3,557 |
| Capitalized software | 2,417 | 1,866 |
| Other noncurrent assets | 7,010 | 6,537 |
| Total assets | 59,840 | 55,617 |
| Liabilities and equity | ||
| Current liabilities | ||
| Accounts payable | 3,630 | 2,222 |
| Salaries, benefits and payroll taxes | 3,184 | 3,125 |
| Contract liabilities | 11,440 | 9,795 |
| Current maturities of long-term debt | 1,168 | 643 |
| Other current liabilities | 3,913 | 3,635 |
| Total current liabilities | 23,335 | 19,420 |
| Long-term debt, net | 20,532 | 19,627 |
| Accrued pension liabilities | 3,915 | 4,791 |
| Other noncurrent liabilities | 5,337 | 5,446 |
| Total liabilities | 53,119 | 49,284 |
| Stockholders’ equity | ||
| Common stock, $1 par value per share | 229 | 234 |
| Additional paid-in capital | - | - |
| Retained earnings | 14,034 | 14,551 |
| Accumulated other comprehensive loss | (7,542) | (8,452) |
| Total stockholders’ equity | 6,721 | 6,333 |
| Total liabilities and equity | 59,840 | 55,617 |
Cash flow statement
table #24 · score 52.3 vs 7.5 runner-up · in millions| Years Ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net earnings | 5,017 | 5,336 | 6,920 |
| Adjustments to reconcile net earnings to net cash provided by operating activities | |||
| Depreciation and amortization | 1,687 | 1,559 | 1,430 |
| Stock-based compensation | 304 | 277 | 265 |
| Deferred income taxes | 372 | (588) | (498) |
| Pension settlement charge | 479 | - | - |
| Impairment and other charges | 66 | 87 | 92 |
| Reach-forward losses on select programs | 1,615 | 1,965 | 45 |
| Changes in: | |||
| Receivables, net | (1,550) | (219) | 373 |
| Contract assets | (283) | (109) | (865) |
| Inventories | (286) | (478) | (44) |
| Accounts payable | 1,341 | (93) | 151 |
| Contract liabilities | 1,219 | 605 | 702 |
| Income taxes | (255) | 131 | (133) |
| Qualified defined benefit pension plans | (415) | (992) | (378) |
| Other, net | (754) | (509) | (140) |
| Net cash provided by operating activities | 8,557 | 6,972 | 7,920 |
| Investing activities | |||
| Capital expenditures | (1,649) | (1,685) | (1,691) |
| Other, net | (328) | (107) | (3) |
| Net cash used for investing activities | (1,977) | (1,792) | (1,694) |
| Financing activities | |||
| Issuance of long-term debt, net of related costs | 1,985 | 2,970 | 1,975 |
| Repayments of long-term debt | (642) | (168) | (115) |
| Repurchases of common stock | (3,000) | (3,700) | (6,000) |
| Dividends paid | (3,131) | (3,059) | (3,056) |
| Other, net | (154) | (182) | (135) |
| Net cash used for financing activities | (4,942) | (4,139) | (7,331) |
| Net change in cash and cash equivalents | 1,638 | 1,041 | (1,105) |
| Cash and cash equivalents at beginning of year | 2,483 | 1,442 | 2,547 |
| Cash and cash equivalents at end of year | 4,121 | 2,483 | 1,442 |