Lockheed martin corporation (LMT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Net sales
Total net sales

15,651

15,878

15,171

14,427

14,336

14,411

14,318

13,398

11,635

13,844

12,341

12,563

11,212

13,794

11,551

11,577

10,368

8,722

10,060

11,643

10,111

6,876

11,114

11,306

10,650

11,533

11,347

11,408

11,070

12,099

11,869

11,921

11,293

12,211

12,119

11,543

10,626

12,711

11,343

11,280

10,337

11,655

10,767

11,072

10,373

10,577

11,039

Cost of sales
Total cost of sales

13,560

13,755

13,108

12,434

12,148

12,469

12,397

11,645

9,977

12,135

10,741

10,907

9,806

12,102

10,167

10,347

9,273

7,961

8,963

10,272

8,848

6,180

9,839

9,965

9,279

10,795

10,163

10,184

10,029

11,104

10,849

10,749

10,284

11,183

11,123

10,637

9,812

11,594

10,554

10,238

9,441

10,511

9,781

10,060

9,368

9,455

9,848

Restructuring Charges

-

-

0

0

-

-

0

96

-

-

0

0

-

0

0

0

80

-

15

-

-

-

-

-

-

171

0

0

30

-

23

-

-

-

39

97

-

-

178

-

-

-

-

-

-

-

-

Gross profit

2,091

2,123

2,063

1,993

2,188

1,942

1,921

1,753

1,658

1,709

1,600

1,656

1,406

1,692

1,384

1,230

1,095

761

1,097

1,371

1,263

696

1,275

1,341

1,371

738

1,184

1,224

1,041

995

1,020

1,172

1,009

1,028

996

906

814

1,117

789

1,042

896

1,144

986

1,012

1,005

1,122

1,191

Other income, net

31

26

42

15

95

-91

42

42

67

240

77

60

-4

75

204

145

63

-42

95

74

93

66

117

85

61

96

70

74

78

66

117

20

35

94

45

87

50

58

88

73

42

20

82

66

52

120

172

Operating profit

2,122

2,149

2,105

2,008

2,283

1,851

1,963

1,795

1,725

1,949

1,677

1,716

1,402

1,767

1,588

1,375

1,158

719

1,192

1,445

1,356

762

1,392

1,426

1,432

834

1,254

1,298

1,119

1,061

1,137

1,192

1,044

1,122

1,041

993

864

1,175

877

1,115

938

1,164

1,068

1,078

1,057

1,242

1,363

Interest expense

148

157

162

163

171

171

177

165

155

174

162

160

155

171

162

165

165

142

104

104

93

87

82

85

86

86

84

88

92

94

97

96

96

96

89

84

85

87

85

86

87

84

74

74

76

85

92

Other non-operating income (expense), net

56

-160

-162

-162

-167

-197

-211

-210

-210

-203

-218

-214

-212

-473

1

0

1

24

1

2

3

2

1

0

2

-

3

1

-2

-9

6

21

3

-60

-3

9

19

-28

37

-19

28

26

54

46

-3

-13

34

Earnings before income taxes

2,030

1,832

1,781

1,683

1,945

1,483

1,575

1,420

1,360

1,572

1,297

1,342

1,035

1,123

1,427

1,210

994

601

1,089

1,343

1,266

677

1,311

1,341

1,348

746

1,173

1,211

1,025

958

1,046

1,117

951

966

949

918

798

1,060

829

1,010

879

1,106

1,048

1,050

978

1,144

1,305

Income tax expense

313

334

173

263

241

230

102

257

203

2,389

334

387

246

256

338

311

188

38

333

414

388

134

423

452

415

258

331

352

264

389

319

336

283

268

284

170

242

236

272

296

360

322

262

319

312

362

423

Net earnings from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

867

1,089

899

806

-

756

-

-

-

-

-

-

-

842

-

-

-

727

-

-

698

665

748

556

824

557

714

519

-

786

731

-

-

-

Net earnings from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

1,306

122

92

-

109

-

-

-

-

-

-

-

31

-

-

-

-

-

-

-15

35

-6

-26

137

3

110

14

-

11

3

-

-

-

Net Income (Loss) Attributable to Parent

1,717

1,498

1,608

1,420

1,704

1,253

1,473

1,163

1,157

-744

963

955

789

859

2,395

1,021

898

933

865

929

878

904

888

889

933

488

873

859

761

569

727

781

668

683

700

742

530

961

560

824

533

776

797

734

666

782

882

Earnings Per Share [Abstract]
Basic
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

2.97

3.64

2.97

2.65

-

2.45

-

-

-

-

-

-

-

2.62

-

-

-

2.25

-

-

2.16

2.01

2.18

1.59

2.29

1.55

1.94

1.40

-

2.06

1.89

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

4.38

0.40

0.30

-

0.35

-

-

-

-

-

-

-

0.10

-

-

-

-

-

-

-0.06

0.11

-0.02

-0.07

0.38

0.01

0.30

0.03

-

0.03

0.01

-

-

-

Basic (in dollars per share)

6.10

5.33

5.70

5.03

6.03

4.43

5.18

4.08

4.05

-2.56

3.35

3.31

2.72

2.94

8.02

3.37

2.95

3.06

2.80

2.98

2.78

2.87

2.81

2.81

2.92

1.52

2.72

2.68

2.37

1.76

2.25

2.41

2.06

2.10

2.12

2.16

1.52

2.67

1.56

2.24

1.43

2.05

2.09

1.90

1.69

1.97

2.21

Diluted
Continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

2.93

3.61

2.93

2.61

-

2.42

-

-

-

-

-

-

-

2.57

-

-

-

2.21

-

-

2.13

1.99

2.16

1.57

2.27

1.53

1.92

1.38

-

2.04

1.87

-

-

-

Discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.02

4.32

0.39

0.30

-

0.35

-

-

-

-

-

-

-

0.09

-

-

-

-

-

-

-0.06

0.11

-0.02

-0.07

0.37

0.01

0.30

0.03

-

0.03

0.01

-

-

-

Diluted (in dollars per share)

6.08

5.30

5.66

5.00

5.99

4.38

5.14

4.05

4.02

-2.54

3.32

3.28

2.69

2.91

7.93

3.32

2.91

3.01

2.77

2.94

2.74

2.82

2.76

2.76

2.87

1.50

2.66

2.64

2.33

1.74

2.21

2.38

2.03

2.07

2.10

2.14

1.50

2.64

1.54

2.22

1.41

2.01

2.07

1.88

1.68

1.92

2.15

Cash dividends paid per common share (in dollars per share)

2.40

-

2.20

2.20

2.20

-

2.00

2.00

2.00

-

1.82

1.82

1.82

-

1.65

1.65

1.65

-

1.50

1.50

1.50

-

1.33

1.33

1.33

-

1.15

1.15

1.15

-

1.00

1.00

1.00

-

0.75

0.75

0.75

-

0.63

0.63

0.63

-

0.57

0.57

0.57

0.42

0.42

Products
Total net sales

13,166

13,352

12,728

12,003

11,970

12,175

11,918

11,150

9,762

28,831

1,957

2,101

9,613

11,452

10,062

9,815

8,752

9,265

8,593

9,157

7,853

8,992

8,602

8,980

8,410

9,121

8,859

9,005

8,706

9,631

9,495

9,543

9,148

9,632

9,680

9,113

8,500

10,070

8,948

9,043

8,319

9,511

8,688

9,022

8,468

8,475

9,108

Total cost of sales

11,742

11,951

11,339

10,674

10,625

10,902

10,701

9,993

8,697

10,441

9,481

9,751

8,744

10,607

9,027

8,873

7,887

8,370

7,668

8,102

6,951

8,055

7,659

7,930

7,339

8,101

7,759

7,815

7,671

8,651

8,413

8,351

8,080

8,607

8,667

8,107

7,587

9,019

8,017

8,050

7,453

8,331

7,727

8,058

7,527

7,528

8,007

Services
Total net sales

2,485

2,526

2,443

2,424

2,366

2,236

2,400

2,248

1,873

5,169

348

342

1,599

2,342

1,489

1,762

1,616

-543

1,467

2,486

2,258

-2,116

2,512

2,326

2,240

2,412

2,488

2,403

2,364

2,468

2,374

2,378

2,145

2,579

2,439

2,430

2,126

2,641

2,395

2,237

2,018

2,144

2,079

2,050

1,905

2,102

1,931

Total cost of sales

2,213

2,279

2,211

2,194

2,047

2,012

2,070

1,967

1,689

2,068

1,513

1,658

1,434

2,102

1,313

1,571

1,437

-591

1,248

2,216

1,951

-2,057

2,228

2,063

1,950

2,115

2,202

2,137

2,134

2,197

2,154

2,115

1,917

2,273

2,138

2,177

1,926

2,376

2,156

2,039

1,811

2,011

1,878

1,825

1,692

1,872

1,797

Other unallocated, net
Total cost of sales

-395

-475

-442

-434

-524

-445

-374

-411

-409

-804

-176

-149

-372

-607

-173

-97

-131

115

32

-46

-54

182

-48

-28

-10

213

202

232

194

231

259

283

287

303

279

256

299

157

203

149

177

169

176

177

149

55

44