10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-16-559151 |
| Period End Date | 20160331 |
| Filing Date | 20160427 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | lmt-20160327.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.49B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$8.06B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$8.62B | USD | Point-in-time |
| Inventories, net |
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
$5.22B | USD | Point-in-time |
| Inventories, net |
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
$4.96B | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$460.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$472.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$15.77B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$14.57B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.49B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$5.42B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$13.58B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$13.58B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.12B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$4.15B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$5.93B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$5.89B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$5.38B | USD | Point-in-time |
| Other noncurrent assets |
OtherAssetsNoncurrent
|
$5.41B | USD | Point-in-time |
| Total assets |
Assets
|
$49.13B | USD | Point-in-time |
| Total assets |
Assets
|
$50.16B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.71B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.97B | USD | Point-in-time |
| Customer advances and amounts in excess of costs incurred |
CustomerAdvancesCurrent
|
$6.99B | USD | Point-in-time |
| Customer advances and amounts in excess of costs incurred |
CustomerAdvancesCurrent
|
$6.86B | USD | Point-in-time |
| Salaries, benefits and payroll taxes |
EmployeeRelatedLiabilitiesCurrent
|
$1.92B | USD | Point-in-time |
| Salaries, benefits and payroll taxes |
EmployeeRelatedLiabilitiesCurrent
|
$1.96B | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$956.00M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$956.00M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.42B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$2.08B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$14.91B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$13.92B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$14.32B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$14.30B | USD | Point-in-time |
| Accrued pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$11.81B | USD | Point-in-time |
| Accrued pension liabilities |
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
$11.80B | USD | Point-in-time |
| Other postretirement benefit liabilities |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$1.07B | USD | Point-in-time |
| Other postretirement benefit liabilities |
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
$1.07B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$4.88B | USD | Point-in-time |
| Other noncurrent liabilities |
OtherLiabilitiesNoncurrent
|
$4.93B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$46.98B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$46.03B | USD | Point-in-time |
| Common stock, $1 par value per share |
CommonStockValue
|
$303.00M | USD | Point-in-time |
| Common stock, $1 par value per share |
CommonStockValue
|
$303.00M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
- | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$14.13B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$14.24B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-11.71B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-11.87B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-11.25B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-11.44B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$3.52B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$3.40B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$3.18B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$50.16B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$49.13B | USD | Point-in-time |
Income Statement
39 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Products |
SalesRevenueGoodsNet
|
$7.85B | USD | 1 Quarter |
| Products |
SalesRevenueGoodsNet
|
$8.94B | USD | 1 Quarter |
| Services |
SalesRevenueServicesNet
|
$2.26B | USD | 1 Quarter |
| Services |
SalesRevenueServicesNet
|
$2.76B | USD | 1 Quarter |
| Total net sales |
SalesRevenueNet
|
$11.70B | USD | 1 Quarter |
| Total net sales |
SalesRevenueNet
|
$10.11B | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$8.09B | USD | 1 Quarter |
| Products |
CostOfGoodsSold
|
$6.95B | USD | 1 Quarter |
| Services |
CostOfServices
|
$2.46B | USD | 1 Quarter |
| Services |
CostOfServices
|
$1.95B | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$102.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$99.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$102.00M | USD | 1 Quarter |
| Other unallocated, net |
OtherUnallocatedNet
|
$-187.00M | USD | 1 Quarter |
| Other unallocated, net |
OtherUnallocatedNet
|
$-54.00M | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$10.47B | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$8.85B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.24B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.26B | USD | 1 Quarter |
| Other income, net |
OtherOperatingIncomeExpenseNet
|
$93.00M | USD | 1 Quarter |
| Other income, net |
OtherOperatingIncomeExpenseNet
|
$62.00M | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$1.30B | USD | 1 Quarter |
| Operating profit |
OperatingIncomeLoss
|
$1.36B | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$93.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$164.00M | USD | 1 Quarter |
| Other non-operating income, net |
OtherNonoperatingIncomeExpense
|
$3.00M | USD | 1 Quarter |
| Other non-operating income, net |
OtherNonoperatingIncomeExpense
|
$1.00M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.27B | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.13B | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$340.00M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$388.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$878.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$794.00M | USD | 1 Quarter |
| Basic earnings per common share in USD |
EarningsPerShareBasic
|
$2.61 | USD | 1 Quarter |
| Basic earnings per common share in USD |
EarningsPerShareBasic
|
$2.78 | USD | 1 Quarter |
| Diluted earnings per common share in USD |
EarningsPerShareDiluted
|
$2.58 | USD | 1 Quarter |
| Diluted earnings per common share in USD |
EarningsPerShareDiluted
|
$2.74 | USD | 1 Quarter |
| Cash dividends paid per common share in USD |
CommonStockDividendsPerShareCashPaid
|
$1.65 | USD | 1 Quarter |
| Cash dividends paid per common share in USD |
CommonStockDividendsPerShareCashPaid
|
$1.50 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$878.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$794.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$244.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$296.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$44.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$40.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$102.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$99.00M | USD | 1 Quarter |
| Severance charges |
SeveranceCharges
|
$102.00M | USD | 1 Quarter |
| Receivables, net |
IncreaseDecreaseInReceivables
|
$661.00M | USD | 1 Quarter |
| Receivables, net |
IncreaseDecreaseInReceivables
|
$558.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$310.00M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$205.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$751.00M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$375.00M | USD | 1 Quarter |
| Customer advances and amounts in excess of costs incurred |
IncreaseDecreaseInCustomerAdvances
|
$-146.00M | USD | 1 Quarter |
| Customer advances and amounts in excess of costs incurred |
IncreaseDecreaseInCustomerAdvances
|
$-242.00M | USD | 1 Quarter |
| Postretirement benefit plans |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$246.00M | USD | 1 Quarter |
| Postretirement benefit plans |
IncreaseDecreaseInPensionAndPostretirementObligations
|
$292.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$395.00M | USD | 1 Quarter |
| Income taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$225.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$159.00M | USD | 1 Quarter |
| Other, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-122.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$957.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.56B | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$118.00M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$151.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-4.00M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-26.00M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-92.00M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-147.00M | USD | 1 Quarter |
| Issuance of long-term debt, net of related costs |
ProceedsFromDebtNetOfIssuanceCosts
|
$2.21B | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$501.00M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$604.00M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$65.00M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$28.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$498.00M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$533.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-48.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.00M | USD | 1 Quarter |
| Net cash (used for) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$1.18B | USD | 1 Quarter |
| Net cash (used for) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.05B | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$362.00M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$2.04B | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.49B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.49B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.09B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.45B | USD | Point-in-time |
Stockholders Equity
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$3.52B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$3.40B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$3.18B | USD | Point-in-time |
| Net earnings |
NetIncomeLoss
|
$878.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$794.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$190.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$155.00M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$604.00M | USD | 1 Quarter |
| Repurchases of common stock |
StockRepurchasedDuringPeriodValue
|
$501.00M | USD | 1 Quarter |
| Dividends declared |
DividendsCash
|
$477.00M | USD | 1 Quarter |
| Dividends declared |
DividendsCash
|
$512.00M | USD | 1 Quarter |
| Stock-based awards and ESOP activity |
StockBasedAwardsAndESOPActivity
|
$109.00M | USD | 1 Quarter |
| Stock-based awards and ESOP activity |
StockBasedAwardsAndESOPActivity
|
$168.00M | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$3.52B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$3.10B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$3.40B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$3.18B | USD | Point-in-time |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$878.00M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$794.00M | USD | 1 Quarter |
| Recognition of previously deferred postretirement benefit plan amounts |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$212.00M | USD | 1 Quarter |
| Recognition of previously deferred postretirement benefit plan amounts |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
|
$173.00M | USD | 1 Quarter |
| Other, net |
OtherComprehensiveIncomeOtherNetOfTax
|
$-57.00M | USD | 1 Quarter |
| Other, net |
OtherComprehensiveIncomeOtherNetOfTax
|
$17.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$190.00M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$155.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$984.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.03B | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.