LMT: the cashflow

MyFinsight

The latest financial statement is for the year ending 2025-12-31.

Unit: Million (M) dollars (except for numbers of shares and EPS)

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

Unit: Million (M) dollars