
Lockheed Martin Corp
NYSE:LMT

Income Statement
Earnings Waterfall
Lockheed Martin Corp
Revenue
|
71B
USD
|
Cost of Revenue
|
-64B
USD
|
Gross Profit
|
7B
USD
|
Operating Expenses
|
27m
USD
|
Operating Income
|
7B
USD
|
Other Expenses
|
-1.7B
USD
|
Net Income
|
5.3B
USD
|
Income Statement
Lockheed Martin Corp
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
39 946
N/A
|
39 407
-1%
|
36 946
-6%
|
35 892
-3%
|
40 536
+13%
|
40 793
+1%
|
43 525
+7%
|
45 016
+3%
|
47 290
+5%
|
48 092
+2%
|
49 078
+2%
|
49 868
+2%
|
49 960
+0%
|
50 383
+1%
|
51 218
+2%
|
53 195
+4%
|
53 762
+1%
|
56 463
+5%
|
57 492
+2%
|
58 345
+1%
|
59 812
+3%
|
61 127
+2%
|
62 920
+3%
|
64 244
+2%
|
65 398
+2%
|
66 005
+1%
|
66 814
+1%
|
66 347
-1%
|
67 044
+1%
|
65 750
-2%
|
64 167
-2%
|
64 722
+1%
|
65 984
+2%
|
66 146
+0%
|
67 393
+2%
|
67 688
+0%
|
67 571
0%
|
69 640
+3%
|
71 069
+2%
|
71 295
+0%
|
71 043
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(35 263)
|
(34 832)
|
(32 717)
|
(31 826)
|
(35 951)
|
(36 307)
|
(38 804)
|
(40 023)
|
(41 875)
|
(42 719)
|
(43 279)
|
(43 853)
|
(43 739)
|
(43 760)
|
(44 402)
|
(46 058)
|
(46 325)
|
(48 563)
|
(49 448)
|
(50 159)
|
(51 445)
|
(52 857)
|
(54 430)
|
(55 681)
|
(56 717)
|
(57 193)
|
(58 064)
|
(57 431)
|
(57 947)
|
(56 966)
|
(55 578)
|
(56 315)
|
(57 597)
|
(57 622)
|
(58 735)
|
(59 102)
|
(59 000)
|
(61 122)
|
(62 424)
|
(62 581)
|
(64 026)
|
|
Gross Profit |
4 683
N/A
|
4 575
-2%
|
4 229
-8%
|
4 066
-4%
|
4 585
+13%
|
4 486
-2%
|
4 721
+5%
|
4 993
+6%
|
5 415
+8%
|
5 373
-1%
|
5 799
+8%
|
6 015
+4%
|
6 221
+3%
|
6 623
+6%
|
6 816
+3%
|
7 137
+5%
|
7 437
+4%
|
7 900
+6%
|
8 044
+2%
|
8 186
+2%
|
8 367
+2%
|
8 270
-1%
|
8 490
+3%
|
8 563
+1%
|
8 681
+1%
|
8 812
+2%
|
8 750
-1%
|
8 916
+2%
|
9 097
+2%
|
8 784
-3%
|
8 589
-2%
|
8 407
-2%
|
8 387
0%
|
8 524
+2%
|
8 658
+2%
|
8 586
-1%
|
8 571
0%
|
8 518
-1%
|
8 645
+1%
|
8 714
+1%
|
7 017
-19%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
329
|
361
|
345
|
323
|
(100)
|
190
|
266
|
375
|
44
|
420
|
335
|
208
|
166
|
444
|
426
|
391
|
(59)
|
37
|
10
|
10
|
93
|
114
|
100
|
69
|
(10)
|
83
|
123
|
104
|
(35)
|
90
|
56
|
103
|
(53)
|
(1 606)
|
(34)
|
(79)
|
(12)
|
(19)
|
46
|
75
|
27
|
|
Other Operating Expenses |
329
|
361
|
345
|
323
|
(100)
|
190
|
266
|
375
|
44
|
420
|
335
|
208
|
166
|
444
|
426
|
391
|
(59)
|
37
|
10
|
10
|
93
|
114
|
100
|
69
|
(10)
|
83
|
123
|
104
|
(35)
|
90
|
56
|
103
|
(53)
|
(1 606)
|
(34)
|
(79)
|
(12)
|
(19)
|
46
|
75
|
27
|
|
Operating Income |
5 012
N/A
|
4 936
-2%
|
4 574
-7%
|
4 389
-4%
|
4 485
+2%
|
4 676
+4%
|
4 987
+7%
|
5 368
+8%
|
5 459
+2%
|
5 793
+6%
|
6 134
+6%
|
6 223
+1%
|
6 387
+3%
|
7 067
+11%
|
7 242
+2%
|
7 528
+4%
|
7 378
-2%
|
7 937
+8%
|
8 054
+1%
|
8 196
+2%
|
8 460
+3%
|
8 384
-1%
|
8 590
+2%
|
8 632
+0%
|
8 671
+0%
|
8 895
+3%
|
8 873
0%
|
9 020
+2%
|
9 062
+0%
|
8 874
-2%
|
8 645
-3%
|
8 510
-2%
|
8 334
-2%
|
6 918
-17%
|
8 624
+25%
|
8 507
-1%
|
8 559
+1%
|
8 499
-1%
|
8 691
+2%
|
8 789
+1%
|
7 044
-20%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(340)
|
(347)
|
(366)
|
(388)
|
(134)
|
(515)
|
(576)
|
(634)
|
(154)
|
(653)
|
(648)
|
(648)
|
(294)
|
(651)
|
(656)
|
(671)
|
(616)
|
(684)
|
(682)
|
(667)
|
(653)
|
(630)
|
(616)
|
(599)
|
(591)
|
(583)
|
(576)
|
(474)
|
(207)
|
(278)
|
(420)
|
(548)
|
(623)
|
(878)
|
(857)
|
(936)
|
(940)
|
(1 057)
|
(1 046)
|
(1 071)
|
(958)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(15)
|
(82)
|
(162)
|
(162)
|
(147)
|
(80)
|
0
|
0
|
0
|
0
|
0
|
(96)
|
(96)
|
(96)
|
(45)
|
51
|
51
|
85
|
0
|
(128)
|
(128)
|
(27)
|
(191)
|
(63)
|
(1 763)
|
(1 736)
|
(1 700)
|
(3 234)
|
(1 534)
|
(1 634)
|
0
|
0
|
0
|
(92)
|
0
|
(179)
|
(179)
|
(87)
|
|
Total Other Income |
5
|
6
|
8
|
8
|
30
|
28
|
26
|
26
|
(471)
|
(213)
|
(427)
|
(646)
|
(847)
|
(845)
|
(841)
|
(834)
|
(828)
|
(785)
|
(737)
|
(688)
|
(651)
|
(428)
|
(241)
|
(25)
|
182
|
295
|
390
|
464
|
431
|
504
|
569
|
552
|
603
|
573
|
522
|
572
|
571
|
497
|
415
|
307
|
221
|
|
Pre-Tax Income |
4 677
N/A
|
4 595
-2%
|
4 216
-8%
|
3 994
-5%
|
4 299
+8%
|
4 027
-6%
|
4 275
+6%
|
4 613
+8%
|
4 754
+3%
|
4 927
+4%
|
5 059
+3%
|
4 929
-3%
|
5 246
+6%
|
5 571
+6%
|
5 649
+1%
|
5 927
+5%
|
5 838
-2%
|
6 423
+10%
|
6 686
+4%
|
6 892
+3%
|
7 241
+5%
|
7 326
+1%
|
7 605
+4%
|
7 880
+4%
|
8 235
+5%
|
8 416
+2%
|
8 624
+2%
|
7 247
-16%
|
7 550
+4%
|
7 400
-2%
|
5 560
-25%
|
6 980
+26%
|
6 680
-4%
|
6 613
-1%
|
8 289
+25%
|
8 143
-2%
|
8 098
-1%
|
7 939
-2%
|
7 881
-1%
|
7 846
0%
|
6 220
-21%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 424)
|
(1 397)
|
(1 232)
|
(1 142)
|
(1 173)
|
(973)
|
(997)
|
(1 002)
|
(1 093)
|
(1 191)
|
(1 267)
|
(1 263)
|
(1 470)
|
(1 427)
|
(1 297)
|
(1 065)
|
(835)
|
(873)
|
(879)
|
(950)
|
(1 011)
|
(1 083)
|
(1 156)
|
(1 286)
|
(1 347)
|
(1 408)
|
(1 427)
|
(1 189)
|
(1 235)
|
(1 189)
|
(855)
|
(1 111)
|
(948)
|
(925)
|
(1 229)
|
(1 177)
|
(1 178)
|
(1 163)
|
(1 145)
|
(1 171)
|
(884)
|
|
Income from Continuing Operations |
3 253
|
3 198
|
2 984
|
2 852
|
3 126
|
3 054
|
3 278
|
3 611
|
3 661
|
3 736
|
3 792
|
3 666
|
3 776
|
4 144
|
4 352
|
4 862
|
5 003
|
5 550
|
5 807
|
5 942
|
6 230
|
6 243
|
6 449
|
6 594
|
6 888
|
7 008
|
7 197
|
6 058
|
6 315
|
6 211
|
4 705
|
5 869
|
5 732
|
5 688
|
7 060
|
6 966
|
6 920
|
6 776
|
6 736
|
6 675
|
5 336
|
|
Net Income (Common) |
3 614
N/A
|
3 559
-2%
|
3 599
+1%
|
3 576
-1%
|
3 605
+1%
|
3 625
+1%
|
3 717
+3%
|
5 247
+41%
|
5 173
-1%
|
5 193
+0%
|
5 127
-1%
|
3 695
-28%
|
1 963
-47%
|
2 331
+19%
|
2 539
+9%
|
3 049
+20%
|
5 046
+65%
|
5 593
+11%
|
5 850
+5%
|
5 985
+2%
|
6 230
+4%
|
6 243
+0%
|
6 449
+3%
|
6 539
+1%
|
6 833
+4%
|
6 953
+2%
|
7 142
+3%
|
6 058
-15%
|
6 315
+4%
|
6 211
-2%
|
4 705
-24%
|
5 869
+25%
|
5 732
-2%
|
5 688
-1%
|
7 060
+24%
|
6 966
-1%
|
6 920
-1%
|
6 776
-2%
|
6 736
-1%
|
6 675
-1%
|
5 336
-20%
|
|
EPS (Diluted) |
11.25
N/A
|
11.12
-1%
|
11.53
+4%
|
11.42
-1%
|
11.44
+0%
|
11.73
+3%
|
12.1
+3%
|
17.37
+44%
|
17.07
-2%
|
17.72
+4%
|
17.61
-1%
|
12.74
-28%
|
6.74
-47%
|
8.09
+20%
|
8.84
+9%
|
10.62
+20%
|
17.58
+66%
|
19.69
+12%
|
20.59
+5%
|
21.07
+2%
|
21.95
+4%
|
22.06
+1%
|
22.95
+4%
|
23.27
+1%
|
24.31
+4%
|
24.83
+2%
|
25.71
+4%
|
21.87
-15%
|
22.79
+4%
|
23.08
+1%
|
17.62
-24%
|
22.14
+26%
|
21.63
-2%
|
22.21
+3%
|
27.79
+25%
|
27.86
+0%
|
27.55
-1%
|
28.04
+2%
|
28.11
+0%
|
27.97
0%
|
22.31
-20%
|