LMT FY 2012 Earnings Report — Lockheed Martin Corporation Revenue & Financial Results | Market Cap Arena

Lockheed Martin CorporationLMT

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$47.2B	—	—	—	—
Op. Income	$4.4B	—	—	—	—
Gross Margin	9.0%	—	—	—	—
Net Margin	5.8%	—	—	—	—
EPS (Diluted)	$8.36	—	—	—	—
Free Cash Flow	$619M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$47.2B
Cost of Revenue	$42.9B
GROSS PROFIT	$4.2B
R&D Expenses	$616M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$616M
Cost & Expenses	$43.0B
OPERATING INCOME	$4.4B
Interest Income	$0
Interest Expense	$383M
Other Income/Expenses	-$362M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$988M
EBIT	$4.5B
EBITDA	$5.4B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$47.2B
Cost of Revenue	$42.9B
GROSS PROFIT	$4.2B
R&D Expenses	$616M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$616M
Cost & Expenses	$43.0B
OPERATING INCOME	$4.4B
Interest Income	$0
Interest Expense	$383M
Other Income/Expenses	-$362M
INCOME BEFORE TAX	$4.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$988M
EBIT	$4.5B
EBITDA	$5.4B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$988M
Stock-Based Compensation	$167M
Deferred Income Tax	$930M
Other Non-Cash Items	$210M
Change in Working Capital	-$3.5B
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$942M
Acquisitions (Net)	-$304M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$24M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$990M
Common Dividends Paid	-$1.4B
Other Financing Activities	-$166M
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$619M
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$6.6B
Inventory	$2.9B
Other Current Assets	$2.5B
TOTAL CURRENT ASSETS	$13.9B
PP&E (Net)	$4.7B
Goodwill	$10.4B
Intangible Assets	$809M
Long-Term Investments	$749M
Tax Assets	$4.8B
Other Non-Current Assets	$3.4B
TOTAL NON-CURRENT ASSETS	$24.8B
TOTAL ASSETS	$38.7B
Account Payables	$2.0B
Short-Term Debt	$150M
Deferred Revenue	$6.5B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$12.2B
Long-Term Debt	$6.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20.3B
TOTAL NON-CURRENT LIABILITIES	$26.5B
TOTAL LIABILITIES	$38.6B
Common Stock	$321M
Additional Paid-In Capital	$0
Retained Earnings	$13.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$13.5B
Other Equity	-$13.5B
TOTAL STOCKHOLDERS' EQUITY	$39M
Minority Interest	$0
TOTAL EQUITY	$39M
TOTAL LIABILITIES & EQUITY	$38.7B
Total Debt	$6.3B
Net Debt	$4.4B