$LMT
LOCKHEED MARTIN CORP

2016 Q2 Form 10-Q Financial Statement

#000119312516652394 Filed on July 20, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2 2014 Q4
Revenue $11.58B $10.24B $12.53B
YoY Change 13.11% -9.47% 8.64%
Cost Of Revenue $10.35B $10.27B $6.180B
YoY Change 0.73% 3.08% -40.74%
Gross Profit $1.230B $1.371B $696.0M
YoY Change -10.28% 2.24% -36.96%
Gross Profit Margin 10.62% 13.4% 5.55%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $297.0M $246.0M $268.0M
YoY Change 20.73% 1.65% -6.29%
% of Gross Profit 24.15% 17.94% 38.51%
Operating Expenses -$145.0M -$69.00M -$66.00M
YoY Change 110.14% -18.82% -31.25%
Operating Profit $1.375B $1.273B $1.342B
YoY Change 8.01% -10.73% 60.91%
Interest Expense $165.0M $104.0M -$87.00M
YoY Change 58.65% 22.35% 1.16%
% of Operating Profit 12.0% 8.17% -6.48%
Other Income/Expense, Net $0.00 $2.000M $2.000M
YoY Change -100.0% -200.0%
Pretax Income $1.210B $1.343B $677.0M
YoY Change -9.9% 0.15% -9.25%
Income Tax $311.0M $414.0M $134.0M
% Of Pretax Income 25.7% 30.83% 19.79%
Net Earnings $1.021B $929.0M $904.0M
YoY Change 9.9% 4.5% 85.25%
Net Earnings / Revenue 8.82% 9.08% 7.21%
Basic Earnings Per Share $3.37 $2.98 $2.87
Diluted Earnings Per Share $3.32 $2.94 $2.82
COMMON SHARES
Basic Shares Outstanding 303.1M shares 312.0M shares
Diluted Shares Outstanding 307.1M shares 316.1M shares

Balance Sheet

Concept 2016 Q2 2015 Q2 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.269B $3.202B $1.446B
YoY Change -60.37% -6.81% -44.75%
Cash & Equivalents $1.269B $3.202B $1.446B
Short-Term Investments
Other Short-Term Assets $393.0M $520.0M $744.0M
YoY Change -24.42% 5.26% -8.49%
Inventory $5.136B $3.032B $2.804B
Prepaid Expenses
Receivables $9.275B $7.064B $5.877B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.07B $15.29B $12.32B
YoY Change 5.14% 7.94% -7.55%
LONG-TERM ASSETS
Property, Plant & Equipment $5.438B $4.640B $4.751B
YoY Change 17.2% 1.78% 0.96%
Goodwill $13.62B $10.87B $7.964B
YoY Change 25.34% 3.45% -23.04%
Intangibles $4.051B $324.0M
YoY Change
Long-Term Investments $971.0M
YoY Change 6.24%
Other Assets $5.395B $5.019B $4.774B
YoY Change 7.49% 2.22% -3.65%
Total Long-Term Assets $34.34B $24.56B $24.72B
YoY Change 39.79% 6.38% 8.16%
TOTAL ASSETS
Total Short-Term Assets $16.07B $15.29B $12.32B
Total Long-Term Assets $34.34B $24.56B $24.72B
Total Assets $50.41B $39.85B $37.05B
YoY Change 26.5% 6.97% 2.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.778B $2.016B $1.562B
YoY Change 37.8% 3.07% 11.81%
Accrued Expenses $2.012B $1.808B $1.824B
YoY Change 11.28% -0.28% 0.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $502.0M $452.0M $0.00
YoY Change 11.06%
Total Short-Term Liabilities $15.60B $12.62B $11.11B
YoY Change 23.53% 3.93% -0.07%
LONG-TERM LIABILITIES
Long-Term Debt $14.31B $7.950B $6.142B
YoY Change 79.96% 28.87% -0.16%
Other Long-Term Liabilities $4.620B $3.815B $3.877B
YoY Change 21.1% 4.01% 3.8%
Total Long-Term Liabilities $18.93B $11.77B $10.02B
YoY Change 60.88% 19.6% 1.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.60B $12.62B $11.11B
Total Long-Term Liabilities $18.93B $11.77B $10.02B
Total Liabilities $47.41B $36.87B $33.65B
YoY Change 28.6% 11.95% 7.6%
SHAREHOLDERS EQUITY
Retained Earnings $13.80B $14.13B $14.96B
YoY Change -2.33% 1.01% 5.32%
Common Stock $301.0M $309.0M $314.0M
YoY Change -2.59% -1.9% -1.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.997B $2.982B $3.400B
YoY Change
Total Liabilities & Shareholders Equity $50.41B $39.85B $37.05B
YoY Change 26.5% 6.97% 2.37%

Cashflow Statement

Concept 2016 Q2 2015 Q2 2014 Q4
OPERATING ACTIVITIES
Net Income $1.021B $929.0M $904.0M
YoY Change 9.9% 4.5% 85.25%
Depreciation, Depletion And Amortization $297.0M $246.0M $268.0M
YoY Change 20.73% 1.65% -6.29%
Cash From Operating Activities $1.473B $1.263B -$201.0M
YoY Change 16.63% 29.27% -121.43%
INVESTING ACTIVITIES
Capital Expenditures -$235.0M -$191.0M -$389.0M
YoY Change 23.04% 27.33% 12.75%
Acquisitions
YoY Change
Other Investing Activities $55.00M $65.00M -$270.0M
YoY Change -15.38% -143.33% -3475.0%
Cash From Investing Activities -$180.0M -$126.0M -$659.0M
YoY Change 42.86% -58.0% 95.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.476B -1.421B -657.0M
YoY Change 3.87% 181.39% 1.86%
NET CHANGE
Cash From Operating Activities 1.473B 1.263B -201.0M
Cash From Investing Activities -180.0M -126.0M -659.0M
Cash From Financing Activities -1.476B -1.421B -657.0M
Net Change In Cash -183.0M -284.0M -1.517B
YoY Change -35.56% -265.12% 3347.73%
FREE CASH FLOW
Cash From Operating Activities $1.473B $1.263B -$201.0M
Capital Expenditures -$235.0M -$191.0M -$389.0M
Free Cash Flow $1.708B $1.454B $188.0M
YoY Change 17.47% 29.02% -85.35%

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CY2015Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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CY2015Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
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