The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net earnings | 5,017 | 5,336 | 6,920 | 5,732 |
| Depreciation and amortization | 1,687 | 1,559 | 1,430 | 1,404 |
| Stock-based compensation | 304 | 277 | 265 | 238 |
| Equity method investment impairment | - | - | - | 0 |
| Tax resolution related to former is&gs business | - | - | - | 0 |
| Deferred income taxes | 372 | -588 | -498 | -757 |
| Pension settlement charge | -479 | 0 | 0 | -1,470 |
| Impairment and other charges | 66 | 87 | - | - |
| Severance and other charges | - | - | 92 | 100 |
| Classified programs losses | - | 1,965 | - | - |
| Reach-forward losses on select programs | 1,615 | - | - | - |
| Receivables, net | 1,550 | 219 | -373 | 542 |
| Contract assets | 283 | 109 | 865 | 1,739 |
| Inventories | 286 | 478 | 44 | 107 |
| Accounts payable | 1,341 | -93 | 151 | 1,274 |
| Contract liabilities | 1,219 | 605 | 702 | 381 |
| Income taxes | -255 | 131 | -133 | 148 |
| Qualified defined benefit pension plans | -415 | -992 | -378 | -412 |
| Other, net | 754 | 509 | 95 | -612 |
| Net cash provided by operating activities | 8,557 | 6,972 | 7,920 | 7,802 |
| Capital expenditures | 1,649 | 1,685 | 1,691 | 1,670 |
| Other, net | 328 | 107 | 3 | 119 |
| Net cash used for investing activities | -1,977 | -1,792 | -1,694 | -1,789 |
| Issuance of long-term debt, net of related costs | 1,985 | 2,970 | 1,975 | 6,211 |
| Repayments of long-term debt | 642 | 168 | 115 | 2,250 |
| Repurchases of common stock | 3,000 | 3,700 | 6,000 | 7,900 |
| Dividends paid | 3,131 | 3,059 | 3,056 | 3,016 |
| Other, net | -154 | -182 | -135 | -115 |
| Net cash used for financing activities | -4,942 | -4,139 | -7,331 | -7,070 |
| Net change in cash and cash equivalents | 1,638 | 1,041 | -1,105 | -1,057 |
| Cash and cash equivalents at beginning of period | 2,483 | 1,442 | 2,547 | 3,604 |
| Cash and cash equivalents at end of period | 4,121 | 2,483 | 1,442 | 2,547 |
LOCKHEED MARTIN CORP (LMT)
LOCKHEED MARTIN CORP (LMT)