LMT FY 2017 Earnings Report — Lockheed Martin Corporation Revenue & Financial Results | Market Cap Arena

Lockheed Martin CorporationLMT

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$50.0B	—	$47.3B	—	5.6%
Op. Income	$6.7B	—	$5.9B	—	14.5%
Gross Margin	12.8%	—	11.4%	—	1.3pp
Net Margin	4.0%	—	11.2%	—	-7.2pp
EPS (Diluted)	$6.89	—	$17.49	—	-60.6%
Free Cash Flow	$5.3B	—	$4.1B	—	28.4%

Revenue Flow

Item	Amount
REVENUE	$50.0B
Cost of Revenue	$43.6B
GROSS PROFIT	$6.4B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$746M
Other Expenses	-$2.3B
Operating Expenses	-$373M
Cost & Expenses	$43.2B
OPERATING INCOME	$6.7B
Interest Income	$0
Interest Expense	$651M
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$3.3B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$73M
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$1.2B
EBIT	$5.9B
EBITDA	$7.1B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$50.0B
Cost of Revenue	$43.6B
GROSS PROFIT	$6.4B
R&D Expenses	$1.2B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$746M
Other Expenses	-$2.3B
Operating Expenses	-$373M
Cost & Expenses	$43.2B
OPERATING INCOME	$6.7B
Interest Income	$0
Interest Expense	$651M
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$5.3B
Income Tax Expense	$3.3B
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$73M
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$1.2B
EBIT	$5.9B
EBITDA	$7.1B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$158M
Deferred Income Tax	$3.3B
Other Non-Cash Items	$14M
Change in Working Capital	-$197M
OPERATING CASH FLOW	$6.5B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$30M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.0B
Common Dividends Paid	-$2.2B
Other Financing Activities	-$141M
NET CASH FROM FINANCING	-$4.3B
FREE CASH FLOW	$5.3B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.9B
Short-Term Investments	$0
Net Receivables	$10.3B
Inventory	$4.5B
Other Current Assets	-$144M
TOTAL CURRENT ASSETS	$17.5B
PP&E (Net)	$5.8B
Goodwill	$10.8B
Intangible Assets	$3.8B
Long-Term Investments	$1.4B
Tax Assets	$3.2B
Other Non-Current Assets	$4.0B
TOTAL NON-CURRENT ASSETS	$29.1B
TOTAL ASSETS	$46.5B
Account Payables	$1.5B
Short-Term Debt	$750M
Deferred Revenue	$6.8B
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$12.6B
Long-Term Debt	$13.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21.0B
TOTAL NON-CURRENT LIABILITIES	$34.5B
TOTAL LIABILITIES	$47.1B
Common Stock	$284M
Additional Paid-In Capital	$0
Retained Earnings	$11.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$12.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$683M
Minority Interest	$74M
TOTAL EQUITY	-$609M
TOTAL LIABILITIES & EQUITY	$46.5B
Total Debt	$14.3B
Net Debt	$11.4B