$LMT
LOCKHEED MARTIN CORP

2016 Q3 Form 10-Q Financial Statement

#000119312516749763 Filed on October 27, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $11.55B $10.06B
YoY Change 14.82% -9.48%
Cost Of Revenue $10.17B $8.963B
YoY Change 13.43% -8.9%
Gross Profit $1.384B $1.097B
YoY Change 26.16% -13.96%
Gross Profit Margin 11.98% 10.9%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $295.0M $236.0M
YoY Change 25.0% -4.45%
% of Gross Profit 21.32% 21.51%
Operating Expenses -$204.0M -$95.00M
YoY Change 114.74% -18.8%
Operating Profit $1.588B $1.192B
YoY Change 33.22% -14.37%
Interest Expense $162.0M $104.0M
YoY Change 55.77% 26.83%
% of Operating Profit 10.2% 8.72%
Other Income/Expense, Net $1.000M $1.000M
YoY Change 0.0% 0.0%
Pretax Income $1.427B $1.089B
YoY Change 31.04% -16.93%
Income Tax $338.0M $333.0M
% Of Pretax Income 23.69% 30.58%
Net Earnings $2.395B $865.0M
YoY Change 176.88% -2.59%
Net Earnings / Revenue 20.73% 8.6%
Basic Earnings Per Share $8.02 $2.80
Diluted Earnings Per Share $7.93 $2.77
COMMON SHARES
Basic Shares Outstanding 298.5M shares 308.4M shares
Diluted Shares Outstanding 302.1M shares 312.7M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.895B $3.300B
YoY Change -12.27% 11.37%
Cash & Equivalents $2.895B $3.300B
Short-Term Investments
Other Short-Term Assets $408.0M $515.0M
YoY Change -20.78% -7.87%
Inventory $4.852B $3.237B
Prepaid Expenses
Receivables $8.955B $6.740B
Other Receivables $0.00 $0.00
Total Short-Term Assets $17.11B $15.06B
YoY Change 13.65% 10.02%
LONG-TERM ASSETS
Property, Plant & Equipment $5.369B $4.677B
YoY Change 14.8% 1.9%
Goodwill $10.79B $10.83B
YoY Change -0.38% 0.54%
Intangibles $4.205B
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.414B $4.957B
YoY Change 9.22% 0.53%
Total Long-Term Assets $31.63B $24.56B
YoY Change 28.77% 5.65%
TOTAL ASSETS
Total Short-Term Assets $17.11B $15.06B
Total Long-Term Assets $31.63B $24.56B
Total Assets $48.74B $39.62B
YoY Change 23.03% 7.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.840B $2.215B
YoY Change 28.22% 10.75%
Accrued Expenses $1.856B $1.947B
YoY Change -4.67% 1.46%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $952.0M
YoY Change -100.0%
Total Short-Term Liabilities $14.43B $12.98B
YoY Change 11.13% 6.98%
LONG-TERM LIABILITIES
Long-Term Debt $14.30B $7.460B
YoY Change 91.74% 21.01%
Other Long-Term Liabilities $4.638B $3.908B
YoY Change 18.68% 8.44%
Total Long-Term Liabilities $18.94B $11.37B
YoY Change 66.63% 16.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.43B $12.98B
Total Long-Term Liabilities $18.94B $11.37B
Total Liabilities $46.31B $36.80B
YoY Change 25.83% 13.74%
SHAREHOLDERS EQUITY
Retained Earnings $13.02B $13.83B
YoY Change -5.82% -2.1%
Common Stock $291.0M $306.0M
YoY Change -4.9% -2.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.323B $2.813B
YoY Change
Total Liabilities & Shareholders Equity $48.74B $39.62B
YoY Change 23.03% 7.27%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $2.395B $865.0M
YoY Change 176.88% -2.59%
Depreciation, Depletion And Amortization $295.0M $236.0M
YoY Change 25.0% -4.45%
Cash From Operating Activities $1.320B $1.517B
YoY Change -12.99% 53.23%
INVESTING ACTIVITIES
Capital Expenditures -$241.0M -$191.0M
YoY Change 26.18% -5.91%
Acquisitions
YoY Change
Other Investing Activities $17.00M -$2.000M
YoY Change -950.0% -99.54%
Cash From Investing Activities -$224.0M -$193.0M
YoY Change 16.06% -69.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 530.0M -1.226B
YoY Change -143.23% 48.61%
NET CHANGE
Cash From Operating Activities 1.320B 1.517B
Cash From Investing Activities -224.0M -193.0M
Cash From Financing Activities 530.0M -1.226B
Net Change In Cash 1.626B 98.00M
YoY Change 1559.18% -120.72%
FREE CASH FLOW
Cash From Operating Activities $1.320B $1.517B
Capital Expenditures -$241.0M -$191.0M
Free Cash Flow $1.561B $1.708B
YoY Change -8.61% 43.17%

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