$LMT
LOCKHEED MARTIN CORP

2019 Q2 Form 10-Q Financial Statement

#000093646819000058 Filed on July 23, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $14.43B $13.40B
YoY Change 7.68% 6.65%
Cost Of Revenue $12.43B $11.65B
YoY Change 6.78% 6.77%
Gross Profit $1.993B $1.753B
YoY Change 13.69% 5.86%
Gross Profit Margin 13.81% 13.08%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $288.0M $287.0M
YoY Change 0.35% -3.04%
% of Gross Profit 14.45% 16.37%
Operating Expenses -$15.00M -$42.00M
YoY Change -64.29% -30.0%
Operating Profit $2.008B $1.795B
YoY Change 11.87% 4.6%
Interest Expense $163.0M $165.0M
YoY Change -1.21% 3.13%
% of Operating Profit 8.12% 9.19%
Other Income/Expense, Net -$162.0M -$210.0M
YoY Change -22.86% -1.87%
Pretax Income $1.683B $1.420B
YoY Change 18.52% 5.81%
Income Tax $263.0M $257.0M
% Of Pretax Income 15.63% 18.1%
Net Earnings $1.420B $1.163B
YoY Change 22.1% 21.78%
Net Earnings / Revenue 9.84% 8.68%
Basic Earnings Per Share $5.03 $4.08
Diluted Earnings Per Share $5.00 $4.05
COMMON SHARES
Basic Shares Outstanding 282.2M shares 285.0M shares
Diluted Shares Outstanding 283.9M shares 287.1M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.167B $1.181B
YoY Change -1.19% -51.84%
Cash & Equivalents $1.167B $1.181B
Short-Term Investments
Other Short-Term Assets $400.0M $522.0M
YoY Change -23.37% 27.01%
Inventory $3.599B $3.038B
Prepaid Expenses
Receivables $12.93B $11.76B
Other Receivables $0.00 $0.00
Total Short-Term Assets $18.10B $16.50B
YoY Change 9.67% -0.37%
LONG-TERM ASSETS
Property, Plant & Equipment $6.170B $5.786B
YoY Change 6.64% 4.59%
Goodwill $10.78B $10.78B
YoY Change -0.06% 0.01%
Intangibles $3.351B $3.646B
YoY Change -8.09% -7.56%
Long-Term Investments
YoY Change
Other Assets $6.281B $5.357B
YoY Change 17.25% -3.6%
Total Long-Term Assets $29.74B $28.62B
YoY Change 3.91% -10.96%
TOTAL ASSETS
Total Short-Term Assets $18.10B $16.50B
Total Long-Term Assets $29.74B $28.62B
Total Assets $47.84B $45.13B
YoY Change 6.02% -7.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.611B $2.675B
YoY Change -2.39% 4.74%
Accrued Expenses $2.362B $2.051B
YoY Change 15.16% 14.2%
Deferred Revenue $6.766B $6.413B
YoY Change 5.5%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0M $750.0M
YoY Change 20.0%
Total Short-Term Liabilities $15.13B $13.88B
YoY Change 9.01% 1.76%
LONG-TERM LIABILITIES
Long-Term Debt $12.64B $13.48B
YoY Change -6.25% -5.63%
Other Long-Term Liabilities $5.061B $4.384B
YoY Change 15.44% -5.09%
Total Long-Term Liabilities $17.70B $17.86B
YoY Change -0.92% -5.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.13B $13.88B
Total Long-Term Liabilities $17.70B $17.86B
Total Liabilities $44.94B $44.65B
YoY Change 0.67% -5.73%
SHAREHOLDERS EQUITY
Retained Earnings $16.41B $14.53B
YoY Change 12.94% 15.16%
Common Stock $281.0M $283.0M
YoY Change -0.71% -1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.850B $416.0M
YoY Change
Total Liabilities & Shareholders Equity $47.84B $45.13B
YoY Change 6.02% -7.36%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $1.420B $1.163B
YoY Change 22.1% 21.78%
Depreciation, Depletion And Amortization $288.0M $287.0M
YoY Change 0.35% -3.04%
Cash From Operating Activities $1.668B -$72.00M
YoY Change -2416.67% -104.66%
INVESTING ACTIVITIES
Capital Expenditures -$249.0M -$264.0M
YoY Change -5.68% -5.04%
Acquisitions
YoY Change
Other Investing Activities -$2.000M $21.00M
YoY Change -109.52% 320.0%
Cash From Investing Activities -$251.0M -$243.0M
YoY Change 3.29% -10.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.241B -897.0M
YoY Change 38.35% -13.33%
NET CHANGE
Cash From Operating Activities 1.668B -72.00M
Cash From Investing Activities -251.0M -243.0M
Cash From Financing Activities -1.241B -897.0M
Net Change In Cash 176.0M -1.212B
YoY Change -114.52% -613.56%
FREE CASH FLOW
Cash From Operating Activities $1.668B -$72.00M
Capital Expenditures -$249.0M -$264.0M
Free Cash Flow $1.917B $192.0M
YoY Change 898.44% -89.46%

Facts In Submission

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lmt Common Stock Repurchased With Cash During Period Shares
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CY2019Q2 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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CY2019Q1 us-gaap Income Tax Reconciliation Prior Year Income Taxes
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CY2019Q1 lmt Effective Income Tax Rate Reconciliation Prior Year Income Taxes Per Share
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124000000 USD
us-gaap Financing Receivable Significant Sales
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227000000 USD

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