Lockheed Martin Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 29, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4,204	5,336	6,920	5,732	6,315	6,833
Depreciation & Amortization	1,299	1,213	1,167	1,151	1,189	1,124
Other Amortization	346	346	263	253	175	166
Asset Writedown & Restructuring Costs	66	87	92	100	36	27
Loss (Gain) From Sale of Investments	-	-	-	-	-	128
Stock-Based Compensation	264	277	265	238	227	221
Other Operating Activities	835	-124	-971	913	1,225	744
Change in Accounts Receivable	-1,939	-328	-492	-2,281	-1,019	-92
Change in Inventory	-974	-478	-44	-107	564	74
Change in Accounts Payable	355	-93	151	1,274	-98	-372
Change in Unearned Revenue	254	605	702	381	562	491
Change in Income Taxes	361	131	-133	148	45	-19
Change in Other Net Operating Assets	-	-	-	-	-	-1,197
Operating Cash Flow	5,071	6,972	7,920	7,802	9,221	8,183
Operating Cash Flow Growth	-42.16%	-11.97%	1.51%	-15.39%	12.68%	11.93%
Capital Expenditures	-1,742	-1,685	-1,691	-1,670	-1,522	-1,766
Other Investing Activities	-451	-107	-3	-119	361	-244
Investing Cash Flow	-2,193	-1,792	-1,694	-1,789	-1,161	-2,010
Long-Term Debt Issued	-	2,970	1,975	6,211	-	1,131
Total Debt Issued	2,439	2,970	1,975	6,211	-	1,131
Long-Term Debt Repaid	-	-168	-115	-2,250	-500	-1,650
Total Debt Repaid	-142	-168	-115	-2,250	-500	-1,650
Net Debt Issued (Repaid)	2,297	2,802	1,860	3,961	-500	-519
Repurchase of Common Stock	-3,100	-3,700	-6,000	-7,900	-4,087	-1,100
Common Dividends Paid	-3,094	-3,059	-3,056	-3,016	-2,940	-2,764
Other Financing Activities	-211	-182	-135	-115	-89	-144
Financing Cash Flow	-4,108	-4,139	-7,331	-7,070	-7,616	-4,527
Net Cash Flow	-1,230	1,041	-1,105	-1,057	444	1,646
Free Cash Flow	3,329	5,287	6,229	6,132	7,699	6,417
Free Cash Flow Growth	-52.11%	-15.12%	1.58%	-20.35%	19.98%	10.13%
Free Cash Flow Margin	4.63%	7.44%	9.22%	9.29%	11.48%	9.81%
Free Cash Flow Per Share	14.09	22.10	24.80	23.18	27.75	22.82
Cash Interest Paid	950	950	832	573	543	567
Cash Income Tax Paid	1,300	1,300	1,800	1,600	1,400	1,400
Levered Free Cash Flow	3,822	5,398	5,458	3,790	5,173	4,998
Unlevered Free Cash Flow	4,485	6,045	6,030	4,179	5,528	5,367
Change in Working Capital	-1,943	-163	184	-585	54	-1,115

Source: S&P Global Market Intelligence. Standard template. Financial Sources.