LMT FY 2016 Earnings Report — Lockheed Martin Corporation Revenue & Financial Results | Market Cap Arena

Lockheed Martin CorporationLMT

FY 2016 Earnings

Reported February 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$47.3B	—	$40.5B	—	16.7%
Op. Income	$5.9B	—	$4.7B	—	25.0%
Gross Margin	11.4%	—	11.1%	—	0.3pp
Net Margin	11.2%	—	8.9%	—	2.3pp
EPS (Diluted)	$17.49	—	$11.46	—	52.6%
Free Cash Flow	$4.1B	—	$4.2B	—	-0.9%

Revenue Flow

Item	Amount
REVENUE	$47.3B
Cost of Revenue	$41.9B
GROSS PROFIT	$5.4B
R&D Expenses	$988M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$471M
Other Expenses	-$1.9B
Operating Expenses	-$487M
Cost & Expenses	$41.4B
OPERATING INCOME	$5.9B
Interest Income	$0
Interest Expense	$663M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$1.5B
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.2B
D&A	$1.2B
EBIT	$5.4B
EBITDA	$6.6B
EPS	$18
EPS Diluted	$17

Income Statement

Item	Amount
REVENUE	$47.3B
Cost of Revenue	$41.9B
GROSS PROFIT	$5.4B
R&D Expenses	$988M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$471M
Other Expenses	-$1.9B
Operating Expenses	-$487M
Cost & Expenses	$41.4B
OPERATING INCOME	$5.9B
Interest Income	$0
Interest Expense	$663M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$4.9B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$1.5B
NET INCOME	$5.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5.2B
D&A	$1.2B
EBIT	$5.4B
EBITDA	$6.6B
EPS	$18
EPS Diluted	$17

Cash Flow Statement

Item	Amount
Net Income	$5.3B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$149M
Deferred Income Tax	-$152M
Other Non-Cash Items	-$1.5B
Change in Working Capital	$132M
OPERATING CASH FLOW	$5.2B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$78M
NET CASH FROM INVESTING	-$985M
Net Debt Issuance	-$952M
Common Stock Repurchased	-$2.1B
Common Dividends Paid	-$2.0B
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	-$3.5B
FREE CASH FLOW	$4.1B
Net Change in Cash	$747M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$8.2B
Inventory	$4.7B
Other Current Assets	$399M
TOTAL CURRENT ASSETS	$15.1B
PP&E (Net)	$5.5B
Goodwill	$10.8B
Intangible Assets	$4.1B
Long-Term Investments	$3.5B
Tax Assets	$6.6B
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$32.7B
TOTAL ASSETS	$47.8B
Account Payables	$1.7B
Short-Term Debt	$0
Deferred Revenue	$6.8B
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$12.5B
Long-Term Debt	$14.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19.4B
TOTAL NON-CURRENT LIABILITIES	$33.7B
TOTAL LIABILITIES	$46.2B
Common Stock	$289M
Additional Paid-In Capital	$0
Retained Earnings	$13.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$12.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$95M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$47.8B
Total Debt	$14.3B
Net Debt	$12.4B