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LOCKHEED MARTIN CORPeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00062.6s11/11 correct vs SECfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$75.0BR5 Total sales75,048 millions$75.0B ✓
Operating income$7.7BR14 Operating profit7,731 millions$7.7B ✓
Net income attributable to the company$5.0BR20 Net earnings5,017 millions$5.0B ✓
Diluted EPS$21.49R23 Diluted21.49$21.49 ✓
Cash and cash equivalents$4.1BR4 Cash and cash equivalents4,121 millions$4.1B ✓
Total assets$59.8BR16 Total assets59,840 millions$59.8B ✓
Total liabilities$53.1BR28 Total liabilities53,119 millions$53.1B ✓
Total shareholders' equity attributable to the company$6.7BR34 Total stockholders’ equity6,721 millions$6.7B ✓
Net cash from operating activities$8.6BR20 Net cash provided by operating activities8,557 millions$8.6B ✓
Net cash from investing activities-$2.0BR24 Net cash used for investing activities(1,977) millions-$2.0B ✓
Net cash from financing activities-$4.9BR31 Net cash used for financing activities(4,942) millions-$4.9B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

trace

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Income statement

table #21 · current period is figure column 1
0Years Ended December 31,
1202520242023
2Sales
3Products62,65459,27756,265
4Services12,39411,76611,306
5Total sales← Total revenue75,04871,04367,571
6Operating costs and expenses
7Products(57,020)(54,852)(50,206)
8Services(11,339)(10,217)(10,027)
9Impairment and other charges(66)(87)(92)
10Other unallocated, net9961,0431,233
11Total operating costs and expenses(67,429)(64,113)(59,092)
12Gross profit7,6196,9308,479
13Other income, net1128328
14Operating profit← Operating income7,7317,0138,507
15Interest expense(1,118)(1,036)(916)
16Non-service FAS pension (expense) income(874)62443
17Other non-operating income, net18318164
18Earnings before income taxes5,9226,2208,098
19Income tax expense(905)(884)(1,178)
20Net earnings← Net income attributable to the company5,0175,3366,920
21Earnings per common share
22Basic21.5622.3927.65
23Diluted← Diluted EPS21.4922.3127.55

Balance sheet

table #23 · current period is figure column 1
0December 31,
120252024
2Assets
3Current assets
4Cash and cash equivalents← Cash and cash equivalents4,1212,483
5Receivables, net3,9012,351
6Contract assets13,00112,957
7Inventories3,5243,474
8Other current assets815584
9Total current assets25,36221,849
10Property, plant and equipment, net8,8758,726
11Goodwill11,31411,067
12Intangible assets, net1,8872,015
13Deferred income taxes2,9753,557
14Capitalized software2,4171,866
15Other noncurrent assets7,0106,537
16Total assets← Total assets59,84055,617
17Liabilities and equity
18Current liabilities
19Accounts payable3,6302,222
20Salaries, benefits and payroll taxes3,1843,125
21Contract liabilities11,4409,795
22Current maturities of long-term debt1,168643
23Other current liabilities3,9133,635
24Total current liabilities23,33519,420
25Long-term debt, net20,53219,627
26Accrued pension liabilities3,9154,791
27Other noncurrent liabilities5,3375,446
28Total liabilities← Total liabilities53,11949,284
29Stockholders’ equity
30Common stock, $1 par value per share229234
31Additional paid-in capital--
32Retained earnings14,03414,551
33Accumulated other comprehensive loss(7,542)(8,452)
34Total stockholders’ equity← Total shareholders' equity attributable to the company6,7216,333
35Total liabilities and equity59,84055,617

Cash flow statement

table #24 · current period is figure column 1
0Years Ended December 31,
1202520242023
2Operating activities
3Net earnings5,0175,3366,920
4Adjustments to reconcile net earnings to net cash provided by operating activities
5Depreciation and amortization1,6871,5591,430
6Stock-based compensation304277265
7Deferred income taxes372(588)(498)
8Pension settlement charge479--
9Impairment and other charges668792
10Reach-forward losses on select programs1,6151,96545
11Changes in:
12Receivables, net(1,550)(219)373
13Contract assets(283)(109)(865)
14Inventories(286)(478)(44)
15Accounts payable1,341(93)151
16Contract liabilities1,219605702
17Income taxes(255)131(133)
18Qualified defined benefit pension plans(415)(992)(378)
19Other, net(754)(509)(140)
20Net cash provided by operating activities← Net cash from operating activities8,5576,9727,920
21Investing activities
22Capital expenditures(1,649)(1,685)(1,691)
23Other, net(328)(107)(3)
24Net cash used for investing activities← Net cash from investing activities(1,977)(1,792)(1,694)
25Financing activities
26Issuance of long-term debt, net of related costs1,9852,9701,975
27Repayments of long-term debt(642)(168)(115)
28Repurchases of common stock(3,000)(3,700)(6,000)
29Dividends paid(3,131)(3,059)(3,056)
30Other, net(154)(182)(135)
31Net cash used for financing activities← Net cash from financing activities(4,942)(4,139)(7,331)
32Net change in cash and cash equivalents1,6381,041(1,105)
33Cash and cash equivalents at beginning of year2,4831,4422,547
34Cash and cash equivalents at end of year4,1212,4831,442