Lockheed Martin Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	4,121	2,483	1,442	2,547	3,604
Cash & Short-Term Investments	4,121	2,483	1,442	2,547	3,604
Cash Growth	65.97%	72.19%	-43.38%	-29.33%	14.05%
Receivables	16,902	15,308	15,315	14,823	12,542
Inventory	3,524	3,474	3,132	3,088	2,981
Other Current Assets	815	584	632	533	688
Total Current Assets	25,362	21,849	20,521	20,991	19,815
Property, Plant & Equipment	9,851	8,726	8,370	7,975	7,597
Long-Term Investments	653	654	701	685	689
Goodwill	11,314	11,067	10,799	10,780	10,813
Other Intangible Assets	4,304	3,881	3,612	3,378	3,483
Long-Term Deferred Tax Assets	2,975	3,557	2,953	3,744	2,290
Other Long-Term Assets	5,381	5,883	5,500	5,327	6,186
Total Assets	59,840	55,617	52,456	52,880	50,873
Accounts Payable	3,630	2,222	2,312	2,117	780
Accrued Expenses	3,184	3,125	3,133	3,075	3,108
Current Portion of Long-Term Debt	1,168	643	168	118	-
Current Portion of Leases	246	-	-	-	-
Current Unearned Revenue	11,440	9,795	9,190	8,488	8,107
Other Current Liabilities	3,667	3,635	2,134	2,089	2,002
Total Current Liabilities	23,335	19,420	16,937	15,887	13,997
Long-Term Debt	20,532	19,627	17,291	15,429	11,670
Long-Term Leases	825	-	-	-	-
Pension & Post-Retirement Benefits	3,915	4,791	6,162	5,472	8,319
Other Long-Term Liabilities	4,512	5,446	5,231	6,826	5,928
Total Liabilities	53,119	49,284	45,621	43,614	39,914
Common Stock	229	234	240	254	271
Additional Paid-In Capital	-	-	-	92	94
Retained Earnings	14,034	14,551	15,398	16,943	21,600
Comprehensive Income & Other	-7,542	-8,452	-8,803	-8,023	-11,006
Total Common Equity	6,721	6,333	6,835	9,266	10,959
Shareholders' Equity	6,721	6,333	6,835	9,266	10,959
Total Liabilities & Equity	59,840	55,617	52,456	52,880	50,873
Total Debt	22,771	20,270	17,459	15,547	11,670
Net Cash (Debt)	-18,650	-17,787	-16,017	-13,000	-8,066
Net Cash Per Share	-79.87	-74.36	-63.76	-49.13	-29.08
Filing Date Shares Outstanding	230.08	235.39	241.64	255.3	272.33
Total Common Shares Outstanding	229	235	242	254	271
Working Capital	2,027	2,429	3,584	5,104	5,818
Book Value Per Share	29.35	26.95	28.24	36.48	40.44
Tangible Book Value	-8,897	-8,615	-7,576	-4,892	-3,337
Tangible Book Value Per Share	-38.85	-36.66	-31.31	-19.26	-12.31
Land	147	143	144	147	144
Buildings	10,209	9,624	9,049	8,555	8,003
Machinery	10,941	10,399	9,908	9,400	9,053
Construction In Progress	1,806	2,053	2,081	2,036	1,900
Order Backlog	193,622	176,040	160,567	149,998	-

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