Stock Analysis on Net

Lockheed Martin Corp. (NYSE:LMT)

Cash Flow Statement 
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Lockheed Martin Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 31, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 31, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 31, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019
Net earnings 1,623 1,641 1,545 1,866 1,684 1,681 1,689 1,912 1,778 309 1,733 2,049 614 1,815 1,837 1,792 1,698 1,626 1,717 1,498 1,608 1,420 1,704
Depreciation and amortization 390 359 351 421 350 334 325 439 293 343 329 365 329 334 336 363 319 307 301 322 302 288 277
Stock-based compensation 75 93 61 44 75 89 57 43 61 80 54 38 62 80 47 39 67 73 42 31 54 67 37
Deferred income taxes (29) (68) (77) (103) (161) (117) (117) (217) 632 (761) (411) 52 (259) (39) 63
Equity method investment impairment 128
Tax resolution related to former IS&GS business 55
Pension settlement charge 1,470 1,665
Gain on property sale (51)
Impairment and severance charges 87 92 100 36 27
Receivables, net 789 (673) (125) 273 1,022 (844) (78) (21) 917 (874) (564) 304 344 (397) (236) 502 355 57 (555) 47 162 287 (389)
Contract assets (317) 143 (867) 422 (597) 181 (871) 15 (580) 377 (1,551) 2,118 (1,272) (517) (1,363) 843 (567) 368 (1,095) 1,910 (616) 109 (1,025)
Inventories (137) 181 (146) 180 186 (27) (383) 25 318 (287) (163) (78) 216 137 289 (252) 228 18 80 (145) 125 (314) (288)
Accounts payable (82) (249) 1,301 (1,580) 334 180 1,217 (560) 312 (307) 1,829 (751) (90) (280) 1,023 (619) 56 (1,703) 1,894 (1,622) 287 (507) 744
Contract liabilities (130) 436 (445) 1,254 (248) (152) (152) 429 (18) 175 (205) 592 136 124 (290) 191 (127) 276 151 277 11 (30) 305
Income taxes 45 (320) 341 (52) (35) (460) 414 35 (952) 368 697 (10) 22 (268) 301 (77) (415) 306 167 (34) (229) (131) 243
Changes in assets and liabilities 168 (482) 59 497 662 (1,122) 147 (77) (3) (548) 43 2,175 (644) (1,201) (276) 588 (470) (678) 642 433 (260) (586) (410)
Qualified defined benefit pension plans (1) (1) (95) (94) (95) (94) (90) (91) (115) (116) (67) (67) (67) (66) (1,067) (53) (38) (39) (747) 276 274 278
Other, net 212 246 (303) (357) 375 330 (443) (182) 463 553 (222) (344) 237 346 (229) 65 264 764 (349) (47) 510 205 (172)
Adjustments to reconcile net earnings to net cash provided by operating activities 815 235 90 499 1,207 (581) (125) 16 1,355 1,022 (323) 2,219 1,323 (547) (89) 15 182 556 597 (8) 882 248 (41)
Net cash provided by operating activities 2,438 1,876 1,635 2,365 2,891 1,100 1,564 1,928 3,133 1,331 1,410 4,268 1,937 1,268 1,748 1,807 1,880 2,182 2,314 1,490 2,490 1,668 1,663
Capital expenditures (355) (370) (378) (704) (364) (329) (294) (693) (405) (304) (268) (607) (316) (318) (281) (722) (408) (343) (293) (643) (308) (249) (284)
Acquisitions of businesses (282)
Other, net 145 (2) 6 1 (34) (5) 35 (115) 7 (28) 17 65 86 98 112 11 23 6 (2) 205 13 (2) 27
Net cash used for investing activities (210) (372) (372) (703) (398) (334) (259) (808) (398) (332) (251) (542) (230) (220) (169) (993) (385) (337) (295) (438) (295) (251) (257)
Issuance of long-term debt, net of related costs 1,980 1,975 3,944 2,267 1,131
Repayments of long-term debt (168) (115) (2,250) (500) (500) (1,150) (900)
Repayments of commercial paper, net (400) (200)
Repurchases of common stock (850) (850) (1,000) (3,000) (1,750) (750) (500) (4,206) (1,338) (356) (2,000) (2,087) (500) (500) (1,000) (85) (259) (756) (490) (210) (219) (281)
Dividends paid (749) (752) (780) (767) (747) (758) (784) (766) (739) (744) (767) (762) (718) (721) (739) (728) (672) (671) (693) (675) (621) (622) (638)
Other, net (1) (1) (115) (4) (3) (128) 25 (3) (24) (113) (7) (15) (67) (11) (8) (29) (96) (12) 8 (68)
Net cash provided by (used for) financing activities (1,600) (1,771) 85 (3,771) (2,615) 467 (1,412) (1,003) (2,080) (1,107) (2,880) (2,849) (1,725) (1,236) (1,806) (1,239) (765) (978) (1,545) (2,077) (823) (1,241) (1,187)
Net change in cash and cash equivalents 628 (267) 1,348 (2,109) (122) 1,233 (107) 117 655 (108) (1,721) 877 (18) (188) (227) (425) 730 867 474 (1,025) 1,372 176 219

Based on: 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Lockheed Martin Corp. net cash provided by operating activities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net cash used for investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
Net cash provided by (used for) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Lockheed Martin Corp. net cash provided by (used for) financing activities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.