$LMT
LOCKHEED MARTIN CORP

2017 Q2 Form 10-Q Financial Statement

#000119312517232077 Filed on July 20, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q3 2016 Q2
Revenue $12.56B $11.55B $11.58B
YoY Change 8.52% 14.82% 13.11%
Cost Of Revenue $10.91B $10.17B $10.35B
YoY Change 5.41% 13.43% 0.73%
Gross Profit $1.656B $1.384B $1.230B
YoY Change 34.63% 26.16% -10.28%
Gross Profit Margin 13.18% 11.98% 10.62%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $296.0M $295.0M $297.0M
YoY Change -0.34% 25.0% 20.73%
% of Gross Profit 17.87% 21.32% 24.15%
Operating Expenses -$60.00M -$204.0M -$145.0M
YoY Change -58.62% 114.74% 110.14%
Operating Profit $1.716B $1.588B $1.375B
YoY Change 24.8% 33.22% 8.01%
Interest Expense $160.0M $162.0M $165.0M
YoY Change -3.03% 55.77% 58.65%
% of Operating Profit 9.32% 10.2% 12.0%
Other Income/Expense, Net -$214.0M $1.000M $0.00
YoY Change 0.0% -100.0%
Pretax Income $1.342B $1.427B $1.210B
YoY Change 10.91% 31.04% -9.9%
Income Tax $387.0M $338.0M $311.0M
% Of Pretax Income 28.84% 23.69% 25.7%
Net Earnings $955.0M $2.395B $1.021B
YoY Change -6.46% 176.88% 9.9%
Net Earnings / Revenue 7.6% 20.73% 8.82%
Basic Earnings Per Share $3.31 $8.02 $3.37
Diluted Earnings Per Share $3.28 $7.93 $3.32
COMMON SHARES
Basic Shares Outstanding 288.5M shares 298.5M shares 303.1M shares
Diluted Shares Outstanding 291.2M shares 302.1M shares 307.1M shares

Balance Sheet

Concept 2017 Q2 2016 Q3 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.452B $2.895B $1.269B
YoY Change 93.22% -12.27% -60.37%
Cash & Equivalents $2.452B $2.895B $1.269B
Short-Term Investments
Other Short-Term Assets $411.0M $408.0M $393.0M
YoY Change 4.58% -20.78% -24.42%
Inventory $4.941B $4.852B $5.136B
Prepaid Expenses
Receivables $8.762B $8.955B $9.275B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.57B $17.11B $16.07B
YoY Change 3.07% 13.65% 5.14%
LONG-TERM ASSETS
Property, Plant & Equipment $5.532B $5.369B $5.438B
YoY Change 1.73% 14.8% 17.2%
Goodwill $10.78B $10.79B $13.62B
YoY Change -20.86% -0.38% 25.34%
Intangibles $3.944B $4.205B $4.051B
YoY Change -2.64%
Long-Term Investments
YoY Change
Other Assets $5.557B $5.414B $5.395B
YoY Change 3.0% 9.22% 7.49%
Total Long-Term Assets $32.15B $31.63B $34.34B
YoY Change -6.38% 28.77% 39.79%
TOTAL ASSETS
Total Short-Term Assets $16.57B $17.11B $16.07B
Total Long-Term Assets $32.15B $31.63B $34.34B
Total Assets $48.71B $48.74B $50.41B
YoY Change -3.37% 23.03% 26.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.554B $2.840B $2.778B
YoY Change -8.06% 28.22% 37.8%
Accrued Expenses $1.796B $1.856B $2.012B
YoY Change -10.74% -4.67% 11.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $502.0M
YoY Change -100.0% 11.06%
Total Short-Term Liabilities $13.64B $14.43B $15.60B
YoY Change -12.53% 11.13% 23.53%
LONG-TERM LIABILITIES
Long-Term Debt $14.28B $14.30B $14.31B
YoY Change -0.17% 91.74% 79.96%
Other Long-Term Liabilities $4.619B $4.638B $4.620B
YoY Change -0.02% 18.68% 21.1%
Total Long-Term Liabilities $18.90B $18.94B $18.93B
YoY Change -0.13% 66.63% 60.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.64B $14.43B $15.60B
Total Long-Term Liabilities $18.90B $18.94B $18.93B
Total Liabilities $47.36B $46.31B $47.41B
YoY Change -0.1% 25.83% 28.6%
SHAREHOLDERS EQUITY
Retained Earnings $12.62B $13.02B $13.80B
YoY Change -8.58% -5.82% -2.33%
Common Stock $286.0M $291.0M $301.0M
YoY Change -4.98% -4.9% -2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.265B $2.323B $2.997B
YoY Change
Total Liabilities & Shareholders Equity $48.71B $48.74B $50.41B
YoY Change -3.37% 23.03% 26.5%

Cashflow Statement

Concept 2017 Q2 2016 Q3 2016 Q2
OPERATING ACTIVITIES
Net Income $955.0M $2.395B $1.021B
YoY Change -6.46% 176.88% 9.9%
Depreciation, Depletion And Amortization $296.0M $295.0M $297.0M
YoY Change -0.34% 25.0% 20.73%
Cash From Operating Activities $1.544B $1.320B $1.473B
YoY Change 4.82% -12.99% 16.63%
INVESTING ACTIVITIES
Capital Expenditures -$278.0M -$241.0M -$235.0M
YoY Change 18.3% 26.18% 23.04%
Acquisitions
YoY Change
Other Investing Activities $5.000M $17.00M $55.00M
YoY Change -90.91% -950.0% -15.38%
Cash From Investing Activities -$273.0M -$224.0M -$180.0M
YoY Change 51.67% 16.06% 42.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.035B 530.0M -1.476B
YoY Change -29.88% -143.23% 3.87%
NET CHANGE
Cash From Operating Activities 1.544B 1.320B 1.473B
Cash From Investing Activities -273.0M -224.0M -180.0M
Cash From Financing Activities -1.035B 530.0M -1.476B
Net Change In Cash 236.0M 1.626B -183.0M
YoY Change -228.96% 1559.18% -35.56%
FREE CASH FLOW
Cash From Operating Activities $1.544B $1.320B $1.473B
Capital Expenditures -$278.0M -$241.0M -$235.0M
Free Cash Flow $1.822B $1.561B $1.708B
YoY Change 6.67% -8.61% 17.47%

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CY2017Q2 lmt Unallocated Net
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315000000
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CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2016Q2 lmt Unallocated Net
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