← LOCKHEED MARTIN CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net earnings $5.3b
$2.0b -62.24%
$5.0b +152.05%
$6.2b +23.46%
$6.8b +9.68%
$6.3b -7.58%
$5.7b -9.23%
$6.9b +20.73%
$5.3b -22.89%
$5.0b -5.98%
—
Net Income (Loss) Attributable to Parent $5.3b
$2.0b -62.24%
$5.0b +152.05%
$6.2b +23.46%
$6.8b +9.68%
$6.3b -7.58%
$5.7b -9.23%
$6.9b +20.73%
$5.3b -22.89%
$5.0b -5.98%
—
Amortization — — — — $166.0m $175.0m $253.0m $263.0m $346.0m — $593.0m
Amortization Cash Flow — — — — — $460.0m $501.0m $510.0m $593.0m — —
Amortization Of Intangibles — — — — — $460.0m $501.0m $510.0m $593.0m — $593.0m
Amortization of Intangible Assets $284.0m $312.0m $296.0m $284.0m $271.0m $285.0m $248.0m $247.0m $247.0m $254.0m —
Capitalized Computer Software, Amortization — — — — — — — — — $393.0m —
Depreciation $747.0m $760.0m $759.0m $794.0m $853.0m $904.0m $903.0m $920.0m $967.0m $1.0b $967.0m
Depreciation Amortization Depletion — — — — — — $1.4b $1.4b $1.6b $1.7b $1.7b
Depreciation and amortization $1.2b $1.2b $1.2b $1.2b $1.3b $1.1b $1.2b $1.4b $1.6b $1.7b $1.7b
Depreciation, Amortization and Accretion, Net $1.2b $1.2b $1.2b $1.2b $1.3b $1.4b $1.4b $1.4b $1.6b $1.7b $1.7b
Deferred Income Tax $152.0m $3.4b $244.0m $222.0m $5.0m $183.0m ($757.0m) ($498.0m) ($588.0m) $372.0m $1.5b
Deferred Tax — — — — — — ($757.0m) ($498.0m) ($588.0m) $372.0m $1.5b
Share-based Payment Arrangement, Expense $149.0m $158.0m — — — — — — — — $343.0m
Share-based Payment Arrangement, Noncash Expense $149.0m $158.0m $173.0m $189.0m $221.0m $227.0m $238.0m $265.0m $277.0m $304.0m $343.0m
Stock-based compensation $149.0m $158.0m $173.0m $189.0m $221.0m $227.0m $238.0m $265.0m $277.0m $304.0m $343.0m
Asset Impairment Charge — — — — — — $100.0m $92.0m $87.0m $66.0m $0
Equity Method Investment, Other than Temporary Impairment — — — — $128.0m $0 $0 — — — —
Impairment and other charges — — — — — — $100.0m $92.0m $87.0m $66.0m —
Income (Loss) from Equity Method Investments $443.0m $207.0m $119.0m $154.0m $163.0m $97.0m $114.0m $40.0m $56.0m $28.0m —
Other Nonoperating Income (Expense) — ($1.0m) ($828.0m) ($651.0m) $182.0m $288.0m ($74.0m) $64.0m $181.0m $183.0m —
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — ($585.0m) $184.0m ($163.0m) $186.0m $1.2b
Change In Receivables — — — — — — ($2.3b) ($492.0m) ($328.0m) ($1.8b) ($1.2b)
Changes In Account Receivables — — — — — — ($542.0m) $373.0m ($219.0m) ($1.6b) ($1.2b)
Receivables, net ($811.0m) ($401.0m) ($179.0m) $107.0m $359.0m $15.0m ($542.0m) $373.0m ($219.0m) ($1.6b) —
Change In Inventory — — — — — — ($107.0m) ($44.0m) ($478.0m) ($286.0m) ($712.0m)
Increase (Decrease) in Inventories $46.0m ($183.0m) $119.0m $622.0m ($74.0m) ($564.0m) $107.0m $44.0m $478.0m $286.0m ($712.0m)
Inventories ($46.0m) $183.0m ($119.0m) ($622.0m) $74.0m $564.0m ($107.0m) ($44.0m) ($478.0m) ($286.0m) ($712.0m)
Accounts payable ($188.0m) ($189.0m) $914.0m ($1.1b) ($372.0m) ($98.0m) $1.3b $151.0m ($93.0m) $1.3b $1.2b
Other Operating Income (Expense), Net $487.0m $373.0m $60.0m $178.0m ($10.0m) $62.0m $61.0m $28.0m $83.0m $112.0m —
Net Cash Provided by (Used in) Operating Activities $5.2b
$6.5b +24.80%
$3.1b -51.54%
$7.3b +132.98%
$8.2b +11.93%
$9.2b +12.68%
$7.8b -15.39%
$7.9b +1.51%
$7.0b -11.97%
$8.6b +22.73%
$10.4b +21.56%
Cash flows from investing activities:
Capital Expenditure $1.1b $1.2b $1.3b $1.5b $1.8b $1.5b ($1.7b) ($1.7b) ($1.7b) ($1.6b) ($1.7b)
Capital expenditures ($1.1b) ($1.2b) ($1.3b) ($1.5b) ($1.8b) ($1.5b) ($1.7b) ($1.7b) ($1.7b) ($1.6b) ($1.7b)
Payments to Acquire Businesses, Net of Cash Acquired — — — — $282.0m $0 — — — — —
Net Other Investing Changes — — — — — — ($119.0m) ($3.0m) ($107.0m) ($328.0m) ($49.0m)
Payments for (Proceeds from) Other Investing Activities ($78.0m) ($30.0m) ($203.0m) ($243.0m) ($38.0m) ($361.0m) $119.0m $3.0m $107.0m $328.0m —
Net cash used for investing activities ($985.0m) ($1.1b) ($1.1b) ($1.2b) ($2.0b) ($1.2b) ($1.8b) ($1.7b) ($1.8b) ($2.0b) —
Net Cash Provided by (Used in) Investing Activities ($985.0m) ($1.1b) ($1.1b) ($1.2b) ($2.0b) ($1.2b) ($1.8b) ($1.7b) ($1.8b) ($2.0b) ($1.7b)
Cash flows from financing activities:
Debt and Equity Securities, Realized Gain (Loss) — — — — — — ($323.0m) $240.0m $170.0m $253.0m —
Issuance Of Debt — — — — — — $6.2b $2.0b $3.0b $2.0b $990.0m
Issuance of long-term debt, net of related costs — — $0 $0 $1.1b $0 $6.2b $2.0b $3.0b $2.0b —
Long Term Debt Issuance — — — — — — $6.2b $2.0b $3.0b $2.0b $990.0m
Long Term Debt Payments — — — — — — ($2.2b) ($115.0m) ($168.0m) ($642.0m) ($1.7b)
Net Issuance Payments Of Debt — — — — — — $4.0b $1.9b $2.8b $1.3b ($1.1b)
Net Long Term Debt Issuance — — — — — — $4.0b $1.9b $2.8b $1.3b $317.0m
Proceeds from Issuance of Long-term Debt — $0 $0 $0 $1.1b $0 $6.2b $2.0b $3.0b $2.0b $990.0m
Repayment Of Debt — — — — — — ($2.2b) ($115.0m) ($168.0m) ($642.0m) ($1.7b)
Repayments of Long-term Debt $952.0m $0 $750.0m $900.0m $1.6b $500.0m $2.2b $115.0m $168.0m $642.0m ($1.7b)
Common Stock Payments — — — — — — ($7.9b) ($6.0b) ($3.7b) ($3.0b) ($1.8b)
Net Common Stock Issuance — — — — — — ($7.9b) ($6.0b) ($3.7b) ($3.0b) ($1.8b)
Payments for Repurchase of Common Stock $2.1b $2.0b $1.5b $1.2b $1.1b $4.1b $7.9b $6.0b $3.7b $3.0b —
Payments of Ordinary Dividends, Common Stock $2.0b $2.2b $2.3b $2.6b $2.8b $2.9b $3.0b $3.1b $3.1b $3.1b ($3.2b)
Repurchase Of Capital Stock — — — — — — ($7.9b) ($6.0b) ($3.7b) ($3.0b) ($1.8b)
Repurchases of common stock ($2.1b) ($2.0b) ($1.5b) ($1.2b) ($1.1b) ($4.1b) ($7.9b) ($6.0b) ($3.7b) ($3.0b) —
Cash Dividends Paid — — — — — — ($3.0b) ($3.1b) ($3.1b) ($3.1b) ($3.2b)
Dividends paid ($2k) ($2k) ($2k) ($3k) ($3k) ($3k) ($3k) ($3k) ($3k) ($3k) ($3.2b)
Net Other Financing Charges — — — — — — ($115.0m) ($135.0m) ($182.0m) ($154.0m) ($124.0m)
Proceeds from (Payments for) Other Financing Activities ($267.0m) ($212.0m) ($163.0m) ($72.0m) ($144.0m) ($89.0m) ($115.0m) ($135.0m) ($182.0m) ($154.0m) —
Net cash used for financing activities ($3.5b)
($4.3b) -24.53%
($4.2b) +3.55%
($5.3b) -28.32%
($4.5b) +15.03%
($7.6b) -68.24%
($7.1b) +7.17%
($7.3b) -3.69%
($4.1b) +43.54%
($4.9b) -19.40%
—
Net Cash Provided by (Used in) Financing Activities ($3.5b)
($4.3b) -24.53%
($4.2b) +3.55%
($5.3b) -28.32%
($4.5b) +15.03%
($7.6b) -68.24%
($7.1b) +7.17%
($7.3b) -3.69%
($4.1b) +43.54%
($4.9b) -19.40%
($6.2b) -25.09%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $742.0m $1.6b $444.0m ($1.1b) ($1.1b) $1.0b $1.6b $3.8b
Beginning Cash Position — — — — — — $3.6b $2.5b $1.4b $2.5b $1.3b
Cash and cash equivalents at beginning of year $1.1b $1.8b $2.9b $1.5b $3.2b $3.6b $2.5b $1.4b $2.5b $4.1b $1.3b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $1.5b $3.2b $3.6b $2.5b $1.4b $2.5b $4.1b $3.8b
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Additional Financial Items
Cash Flow From Continuing Financing Activities — — — — — — ($7.1b) ($7.3b) ($4.1b) ($4.9b) ($6.2b)
Cash Flow From Continuing Investing Activities — — — — — — ($1.8b) ($1.7b) ($1.8b) ($2.0b) ($1.7b)
Change In Account Payable — — — — — — $1.3b $151.0m ($93.0m) $1.3b $1.2b
Change In Cash Supplemental As Reported — — — — — — ($1.1b) ($1.1b) $1.0b $1.6b —
Change In Income Tax Payable $146.0m ($1.2b) $1.1b ($151.0m) ($19.0m) $45.0m $148.0m ($133.0m) $131.0m ($255.0m) ($463.0m)
Change In Other Working Capital — — — — — — $381.0m $702.0m $605.0m $1.2b $2.3b
Change In Payable — — — — — — $1.4b $18.0m $38.0m $1.1b $1.2b
Change In Tax Payable — — — — — — $148.0m ($133.0m) $131.0m ($255.0m) ($463.0m)
Changes In Cash — — — — — — ($1.1b) ($1.1b) $1.0b $1.6b $2.5b
Contract assets ($1.2b) $390.0m ($1.5b) $378.0m ($451.0m) ($1.0b) ($1.7b) ($865.0m) ($109.0m) ($283.0m) —
Contract liabilities ($163.0m) $353.0m ($537.0m) $563.0m $491.0m $562.0m $381.0m $702.0m $605.0m $1.2b —
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement — — — — — ($1.7b) ($1.5b) $0 $0 ($479.0m) —
End Cash Position — — — — — — $2.5b $1.4b $2.5b $4.1b $3.8b
Equity Securities, FV-NI, Realized Gain (Loss) — — — — — $265.0m $114.0m ($64.0m) $22.0m $55.0m —
Financing Cash Flow — — — — — — ($7.1b)
($7.3b) -3.69%
($4.1b) +43.54%
($4.9b) -19.40%
($6.2b) -25.09%
Free Cash Flow — — — — — — $6.1b $6.2b $5.3b $6.9b $8.7b
Gain (Loss) on Disposition of Business $1.2b $73.0m $0 $0 ($55.0m) $0 $0 — — — —
Gain (Loss) on Sale of Properties — $198.0m $0 $51.0m $0 $0 — — — — —
Goodwill $10.8b $10.8b $10.8b $10.6b $10.8b $10.8b $10.8b $10.8b $11.1b $11.3b $0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $3.8b $1.9b $5.0b $6.2b $6.9b $6.3b $5.7b — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $1.5b $73.0m $0 $0 ($55.0m) $0 $0 — — — —
Income Tax Expense (Benefit) $1.1b $3.3b $792.0m $1.0b $1.3b $1.2b $948.0m $1.2b $884.0m $905.0m —
Income Taxes Paid, Net $1.3b $1.1b ($41.0m) $940.0m $1.4b $1.4b $1.6b $1.8b $1.3b $788.0m —
Interest Expense Nonoperating — — — — — — — — $1.0b $1.1b —
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — $625.0m $567.0m $543.0m $573.0m $832.0m $950.0m $1.0b —
Investing Cash Flow — — — — — — ($1.8b) ($1.7b) ($1.8b) ($2.0b) ($1.7b)
Net change in cash and cash equivalents $747.0m $1.0b ($2.1b) $742.0m $1.6b $444.0m ($1.1b) ($1.1b) $1.0b $1.6b —
Operating Gains Losses — — — — — $1.7b $1.5b $92.0m — $479.0m $479.0m
Operating Lease, Expense — — — $239.0m $223.0m $275.0m $275.0m $273.0m $260.0m $258.0m —
Other Non Cash Items — — — — — — $200.0m ($473.0m) $464.0m $446.0m —
Other, net ($267.0m) ($212.0m) ($163.0m) ($72.0m) ($144.0m) ($89.0m) ($115.0m) ($135.0m) ($182.0m) ($154.0m) —
Pension And Employee Benefit Expense — — — — — — $1.5b $0 $0 $479.0m $479.0m
Pension settlement charge — — — $0 $0 $1.7b $1.5b $0 $0 $479.0m —
Proceeds from Stock Options Exercised $106.0m $71.0m — — — — — — — — —
Qualified defined benefit pension plans $1.0b $1.3b ($3.6b) $81.0m ($1.2b) ($267.0m) ($412.0m) ($378.0m) ($992.0m) ($415.0m) —
Reach-forward losses on select programs — — — — — — — $45.0m $2.0b $1.6b —
Stock Based Compensation — — — — — — $238.0m $265.0m $277.0m $304.0m $343.0m
Supplemental disclosure of cash flow information:

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.