$LMT
LOCKHEED MARTIN CORP Stock $lmt

$lmt Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000093646824000052 Filed on April 23, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$18.12B	$17.20B
YoY Change	8.56%	13.68%
Cost Of Revenue	$15.99B	$15.20B
YoY Change	9.51%	16.22%
Gross Profit	$2.130B	$1.993B
YoY Change	1.91%	-2.59%
Gross Profit Margin	11.75%	11.59%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$359.0M	$351.0M
YoY Change	7.49%	8.0%
% of Gross Profit	16.85%	17.61%
Operating Expenses	-$18.00M	-$36.00M
YoY Change	-60.0%	-500.0%
Operating Profit	$2.148B	$2.029B
YoY Change	0.61%	-0.39%
Interest Expense	-$261.0M	-$250.0M
YoY Change	-0.76%	-223.76%
% of Operating Profit	-12.15%	-12.32%
Other Income/Expense, Net	$46.00M	$56.00M
YoY Change	-65.67%	14.29%
Pretax Income	$1.948B	$1.835B
YoY Change	-2.89%	-7.97%
Income Tax	$307.0M	$290.0M
% Of Pretax Income	15.76%	15.8%
Net Earnings	$1.641B	$1.545B
YoY Change	-2.38%	-8.53%
Net Earnings / Revenue	9.06%	8.99%
Basic Earnings Per Share	$6.87	$6.42
Diluted Earnings Per Share	$6.85	$6.40
COMMON SHARES
Basic Shares Outstanding	239.9M shares	241.6M shares
Diluted Shares Outstanding	239.6M shares	241.6M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.523B	$2.790B
YoY Change	-31.31%	14.34%
Cash & Equivalents	$2.523B	$2.790B
Short-Term Investments
Other Short-Term Assets	$510.0M	$583.0M
YoY Change	6.03%	26.46%
Inventory	$3.097B	$3.278B
Prepaid Expenses
Receivables	$16.84B	$16.31B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$22.97B	$22.96B
YoY Change	-4.65%	3.68%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.394B	$8.354B
YoY Change	5.37%	5.24%
Goodwill	$10.79B	$10.79B
YoY Change	-0.07%	0.12%
Intangibles	$2.040B	$2.151B
YoY Change	-12.67%	-10.26%
Long-Term Investments
YoY Change
Other Assets	$7.808B	$10.71B
YoY Change	-33.8%	48.93%
Total Long-Term Assets	$32.11B	$32.01B
YoY Change	-2.38%	-1.46%
TOTAL ASSETS
Total Short-Term Assets	$22.97B	$22.96B
Total Long-Term Assets	$32.11B	$32.01B
Total Assets	$55.08B	$54.96B
YoY Change	-3.34%	0.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.282B	$3.523B
YoY Change	-5.31%	7.7%
Accrued Expenses	$2.871B	$2.679B
YoY Change	-0.86%	1.71%
Deferred Revenue	$9.181B	$8.745B
YoY Change	12.18%	4.91%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$142.0M	$168.0M
YoY Change	-49.82%	46.09%
Total Short-Term Liabilities	$18.49B	$17.70B
YoY Change	4.46%	4.22%
LONG-TERM LIABILITIES
Long-Term Debt	$19.12B	$19.25B
YoY Change	10.73%	24.31%
Other Long-Term Liabilities	$5.188B	$11.36B
YoY Change	-59.38%	60.35%
Total Long-Term Liabilities	$24.30B	$30.61B
YoY Change	-19.08%	35.63%
TOTAL LIABILITIES
Total Short-Term Liabilities	$18.49B	$17.70B
Total Long-Term Liabilities	$24.30B	$30.61B
Total Liabilities	$48.90B	$48.31B
YoY Change	2.44%	7.42%
SHAREHOLDERS EQUITY
Retained Earnings	$14.71B	$15.22B
YoY Change	-13.83%	-12.91%
Common Stock	$237.0M	$239.0M
YoY Change	-5.58%	-5.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.175B	$6.650B
YoY Change
Total Liabilities & Shareholders Equity	$55.08B	$54.96B
YoY Change	-3.34%	0.62%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$1.641B	$1.545B
YoY Change	-2.38%	-8.53%
Depreciation, Depletion And Amortization	$359.0M	$351.0M
YoY Change	7.49%	8.0%
Cash From Operating Activities	$1.876B	$1.635B
YoY Change	70.55%	4.54%
INVESTING ACTIVITIES
Capital Expenditures	$370.0M	$378.0M
YoY Change	12.46%	28.57%
Acquisitions
YoY Change
Other Investing Activities	-$2.000M	$6.000M
YoY Change	-60.0%	-117.14%
Cash From Investing Activities	-$372.0M	-$372.0M
YoY Change	11.38%	43.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.771B	85.00M
YoY Change	-479.23%	-106.02%
NET CHANGE
Cash From Operating Activities	1.876B	1.635B
Cash From Investing Activities	-372.0M	-372.0M
Cash From Financing Activities	-1.771B	85.00M
Net Change In Cash	-267.0M	1.348B
YoY Change	-121.65%	-1359.81%
FREE CASH FLOW
Cash From Operating Activities	$1.876B	$1.635B
Capital Expenditures	$370.0M	$378.0M
Free Cash Flow	$1.506B	$1.257B
YoY Change	95.33%	-1.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023Q1	us-gaap	Revenues Revenues	15126000000	usd
CY2024Q1	lmt	Other Unallocated Income Expense OtherUnallocatedIncomeExpense	-285000000	usd
CY2023Q1	lmt	Other Unallocated Income Expense OtherUnallocatedIncomeExpense	-355000000	usd
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CY2023Q1	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-9000000	usd
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CY2023Q1	us-gaap	Interest Expense InterestExpense	202000000	usd
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CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	45000000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	49000000	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	1689000000	usd
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CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	6.63
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CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	6.61
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-63000000	usd
CY2023Q1	us-gaap	Dividends Cash DividendsCash	768000000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	500000000	usd
CY2023Q1	lmt	Stock Based Awards And Esop Activity StockBasedAwardsAndESOPActivity	22000000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	9646000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	240700000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	254700000	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	900000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1000000.0	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	241600000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	255700000	shares
CY2023Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2024Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2029000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	2037000000	usd
CY2024Q1	us-gaap	Revenues Revenues	17195000000	usd
CY2024Q1	us-gaap	Revenues Revenues	17195000000	usd
CY2024Q1	us-gaap	Revenues Revenues	17195000000	usd
CY2024Q1	us-gaap	Revenues Revenues	17195000000	usd
CY2023Q1	us-gaap	Revenues Revenues	15126000000	usd
CY2023Q1	us-gaap	Revenues Revenues	15126000000	usd
CY2023Q1	us-gaap	Revenues Revenues	15126000000	usd
CY2023Q1	us-gaap	Revenues Revenues	15126000000	usd
CY2024Q1	us-gaap	Assets Assets	54963000000	usd
CY2023Q4	us-gaap	Assets Assets	52456000000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	14050000000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	13183000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	8745000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	9190000000	usd
CY2024Q1	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	867000000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0	usd
CY2023Q1	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0	usd
CY2024Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-445000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2400000000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2200000000	usd
CY2024Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	640000000	usd
CY2023Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	606000000	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	2443000000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	2338000000	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	195000000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	188000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	3278000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	3132000000	usd
CY2024Q1	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	1100000000	usd
CY2023Q4	us-gaap	Capitalized Contract Cost Net CapitalizedContractCostNet	989000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	24000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	19000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax	-47000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	-37000000	usd
CY2024Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	0	usd
CY2023Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	0	usd
CY2024Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	52000000	usd
CY2024Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	52000000	usd
CY2024Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	677000000	usd
CY2023Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	680000000	usd
CY2024Q1	us-gaap	Recorded Third Party Environmental Recoveries Receivable RecordedThirdPartyEnvironmentalRecoveriesReceivable	611000000	usd
CY2023Q4	us-gaap	Recorded Third Party Environmental Recoveries Receivable RecordedThirdPartyEnvironmentalRecoveriesReceivable	613000000	usd
CY2024Q1	lmt	Time Period Environmental Costs And Recovery Of Environmental Costs Are Projected Over TimePeriodEnvironmentalCostsAndRecoveryOfEnvironmentalCostsAreProjectedOver	P20Y
CY2024Q1	lmt	Letters Of Credit Surety Bonds And Third Party Guarantees LettersOfCreditSuretyBondsAndThirdPartyGuarantees	2700000000	usd
CY2023Q4	lmt	Letters Of Credit Surety Bonds And Third Party Guarantees LettersOfCreditSuretyBondsAndThirdPartyGuarantees	2900000000	usd
CY2024Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	364000000	usd
CY2023Q4	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	1000000000	usd
CY2024Q1	lmt	Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures	0.29
CY2023	lmt	Percentage Of Guarantees That Relate To Guarantees Of Contractual Performance Of Joint Ventures PercentageOfGuaranteesThatRelateToGuaranteesOfContractualPerformanceOfJointVentures	0.75
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	20700000000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	18700000000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	1300000000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	1300000000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1000000000	usd
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2024Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	763000000	usd
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.15
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-41000000	usd
CY2024Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	-33000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-8000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-29000000	usd
CY2023Q1	us-gaap	Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax	34000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-63000000	usd
CY2024Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	272000000	usd
CY2023Q1	us-gaap	Contract With Customer Performance Obligation Satisfied In Previous Period ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod	433000000	usd
CY2024Q1	lmt	Increase Decrease In Operating Income Loss IncreaseDecreaseInOperatingIncomeLoss	195000000	usd
CY2024Q1	lmt	Increase Decrease In Operating Income Loss Net Of Tax IncreaseDecreaseInOperatingIncomeLossNetOfTax	154000000	usd
CY2024Q1	lmt	Increase Decrease In Operating Income Loss Per Share Diluted Net Of Tax IncreaseDecreaseInOperatingIncomeLossPerShareDilutedNetOfTax	0.64
CY2023Q1	lmt	Increase Decrease In Operating Income Loss IncreaseDecreaseInOperatingIncomeLoss	415000000	usd
CY2023Q1	lmt	Increase Decrease In Operating Income Loss Net Of Tax IncreaseDecreaseInOperatingIncomeLossNetOfTax	328000000	usd
CY2023Q1	lmt	Increase Decrease In Operating Income Loss Per Share Diluted Net Of Tax IncreaseDecreaseInOperatingIncomeLossPerShareDilutedNetOfTax	1.28
CY2024Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	159400000000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.158
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.153
CY2024Q1	us-gaap	Equity Securities Without Readily Determinable Fair Value Amount EquitySecuritiesWithoutReadilyDeterminableFairValueAmount	597000000	usd
CY2023Q4	us-gaap	Equity Securities Without Readily Determinable Fair Value Amount EquitySecuritiesWithoutReadilyDeterminableFairValueAmount	581000000	usd
CY2024Q1	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	5000000	usd
CY2024Q1	lmt	Equity Securities Fvni Realized Gain Loss Net Of Tax EquitySecuritiesFVNIRealizedGainLossNetOfTax	4000000	usd
CY2024Q1	lmt	Equity Securities Fvni Realized Gain Loss Net Of Tax Amount Per Share EquitySecuritiesFVNIRealizedGainLossNetOfTaxAmountPerShare	0.02
CY2023Q1	us-gaap	Equity Securities Fv Ni Realized Gain Loss EquitySecuritiesFvNiRealizedGainLoss	29000000	usd
CY2023Q1	lmt	Equity Securities Fvni Realized Gain Loss Net Of Tax EquitySecuritiesFVNIRealizedGainLossNetOfTax	22000000	usd
CY2023Q1	lmt	Equity Securities Fvni Realized Gain Loss Net Of Tax Amount Per Share EquitySecuritiesFVNIRealizedGainLossNetOfTaxAmountPerShare	0.09
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

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2024 Q2 Form 10-Q Financial Statement

#000093646824000052 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$LMT LOCKHEED MARTIN CORP Stock $lmt

2024 Q2 Form 10-Q Financial Statement

#000093646824000052 Filed on April 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LMT
LOCKHEED MARTIN CORP Stock $lmt