$LMT
LOCKHEED MARTIN CORP

2015 Q2 Form 10-Q Financial Statement

#000119312515259947 Filed on July 22, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $10.24B $11.31B
YoY Change -9.47% -0.89%
Cost Of Revenue $10.27B $9.965B
YoY Change 3.08% -2.15%
Gross Profit $1.371B $1.341B
YoY Change 2.24% 9.56%
Gross Profit Margin 13.4% 11.86%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $246.0M $242.0M
YoY Change 1.65% 0.83%
% of Gross Profit 17.94% 18.05%
Operating Expenses -$69.00M -$85.00M
YoY Change -18.82% 14.86%
Operating Profit $1.273B $1.426B
YoY Change -10.73% 9.86%
Interest Expense $104.0M $85.00M
YoY Change 22.35% -3.41%
% of Operating Profit 8.17% 5.96%
Other Income/Expense, Net $2.000M $0.00
YoY Change -100.0%
Pretax Income $1.343B $1.341B
YoY Change 0.15% 10.73%
Income Tax $414.0M $452.0M
% Of Pretax Income 30.83% 33.71%
Net Earnings $929.0M $889.0M
YoY Change 4.5% 3.49%
Net Earnings / Revenue 9.08% 7.86%
Basic Earnings Per Share $2.98 $2.81
Diluted Earnings Per Share $2.94 $2.76
COMMON SHARES
Basic Shares Outstanding 312.0M shares 316.8M shares
Diluted Shares Outstanding 316.1M shares 322.1M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.202B $3.436B
YoY Change -6.81% 20.77%
Cash & Equivalents $3.202B $3.436B
Short-Term Investments
Other Short-Term Assets $520.0M $494.0M
YoY Change 5.26% -14.83%
Inventory $3.032B $2.646B
Prepaid Expenses
Receivables $7.064B $6.434B
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.29B $14.16B
YoY Change 7.94% -1.5%
LONG-TERM ASSETS
Property, Plant & Equipment $4.640B $4.559B
YoY Change 1.78% -0.76%
Goodwill $10.87B $10.51B
YoY Change 3.45% 1.48%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.019B $4.910B
YoY Change 2.22% -0.63%
Total Long-Term Assets $24.56B $23.09B
YoY Change 6.38% -6.03%
TOTAL ASSETS
Total Short-Term Assets $15.29B $14.16B
Total Long-Term Assets $24.56B $23.09B
Total Assets $39.85B $37.25B
YoY Change 6.97% -4.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.016B $1.956B
YoY Change 3.07% -4.31%
Accrued Expenses $1.808B $1.813B
YoY Change -0.28% 7.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $452.0M
YoY Change
Total Short-Term Liabilities $12.62B $12.15B
YoY Change 3.93% -0.87%
LONG-TERM LIABILITIES
Long-Term Debt $7.950B $6.169B
YoY Change 28.87% 0.47%
Other Long-Term Liabilities $3.815B $3.668B
YoY Change 4.01% -5.34%
Total Long-Term Liabilities $11.77B $9.837B
YoY Change 19.6% -1.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.62B $12.15B
Total Long-Term Liabilities $11.77B $9.837B
Total Liabilities $36.87B $32.93B
YoY Change 11.95% -13.91%
SHAREHOLDERS EQUITY
Retained Earnings $14.13B $13.99B
YoY Change 1.01% 4.26%
Common Stock $309.0M $315.0M
YoY Change -1.9% -1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.982B $4.319B
YoY Change
Total Liabilities & Shareholders Equity $39.85B $37.25B
YoY Change 6.97% -4.36%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $929.0M $889.0M
YoY Change 4.5% 3.49%
Depreciation, Depletion And Amortization $246.0M $242.0M
YoY Change 1.65% 0.83%
Cash From Operating Activities $1.263B $977.0M
YoY Change 29.27% 56.82%
INVESTING ACTIVITIES
Capital Expenditures -$191.0M -$150.0M
YoY Change 27.33% -14.77%
Acquisitions
YoY Change
Other Investing Activities $65.00M -$150.0M
YoY Change -143.33% 2042.86%
Cash From Investing Activities -$126.0M -$300.0M
YoY Change -58.0% 63.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.421B -505.0M
YoY Change 181.39% -23.48%
NET CHANGE
Cash From Operating Activities 1.263B 977.0M
Cash From Investing Activities -126.0M -300.0M
Cash From Financing Activities -1.421B -505.0M
Net Change In Cash -284.0M 172.0M
YoY Change -265.12% -178.18%
FREE CASH FLOW
Cash From Operating Activities $1.263B $977.0M
Capital Expenditures -$191.0M -$150.0M
Free Cash Flow $1.454B $1.127B
YoY Change 29.02% 41.05%

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lmt Pension Expense Under Us Government Cost Accounting Standards
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