Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Lockheed Martin Corp., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 2,483 1,442 2,547 3,604 3,160
Receivables, net 2,351 2,132 2,505 1,963 1,978
Contract assets 12,957 13,183 12,318 10,579 9,545
Inventories 3,474 3,132 3,088 2,981 3,545
Other current assets 584 632 533 688 1,150
Current assets 21,849 20,521 20,991 19,815 19,378
Property, plant and equipment, net 8,726 8,370 7,975 7,597 7,213
Goodwill 11,067 10,799 10,780 10,813 10,806
Intangible assets, net 2,015 2,212 2,459 2,706 3,012
Deferred income taxes 3,557 2,953 3,744 2,290 3,475
Other noncurrent assets 8,403 7,601 6,931 7,652 6,826
Noncurrent assets 33,768 31,935 31,889 31,058 31,332
Total assets 55,617 52,456 52,880 50,873 50,710

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lockheed Martin Corp. current assets decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Lockheed Martin Corp. property, plant and equipment, net increased from 2022 to 2023 and from 2023 to 2024.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Lockheed Martin Corp. noncurrent assets increased from 2022 to 2023 and from 2023 to 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Lockheed Martin Corp. total assets decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Lockheed Martin Corp. cash and cash equivalents decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Lockheed Martin Corp. receivables, net decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Lockheed Martin Corp. inventories increased from 2022 to 2023 and from 2023 to 2024.