Lockheed Martin Corporation (LMT)

Lockheed Martin Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	69,640	67,571	65,984	67,044	65,398	59,812
Revenue Growth (YoY)	5.28%	2.41%	-1.58%	2.52%	9.34%	11.25%
Cost of Revenue	61,214	59,092	57,697	57,983	56,744	51,445
Gross Profit	8,426	8,479	8,287	9,061	8,654	8,367
Operating Income	8,426	8,479	8,287	9,061	8,654	8,367
Interest Expense / Income	969	916	623	569	591	653
Other Expense / Income	-482	-535	984	942	-117	473
Pretax Income	7,939	8,098	6,680	7,550	8,180	7,241
Income Tax	1,163	1,178	948	1,235	1,347	1,011
Net Income	6,776	6,920	5,732	6,315	6,833	6,230
Net Income Growth	19.13%	20.73%	-9.23%	-7.58%	9.68%	23.46%
Shares Outstanding (Basic)	242	248	262	276	280	282
Shares Change	-5.35%	-5.33%	-4.97%	-1.43%	-0.81%	-0.83%
EPS (Basic)	27.43	27.65	21.74	22.85	24.40	22.09
EPS (Diluted)	27.33	27.55	21.66	22.76	24.30	21.95
EPS Growth	25.19%	27.19%	-4.83%	-6.34%	10.71%	24.79%
Free Cash Flow	6,216	6,229	6,132	7,699	6,417	5,827
Free Cash Flow Per Share	25.72	25.11	23.40	27.92	22.94	20.66
Dividend Per Share	12.300	12.150	11.400	10.600	9.800	9.000
Dividend Growth	6.03%	6.58%	7.55%	8.16%	8.89%	9.76%
Gross Margin	12.10%	12.55%	12.56%	13.52%	13.23%	13.99%
Operating Margin	12.10%	12.55%	12.56%	13.52%	13.23%	13.99%
Profit Margin	9.73%	10.24%	8.69%	9.42%	10.45%	10.42%
Free Cash Flow Margin	8.93%	9.22%	9.29%	11.48%	9.81%	9.74%
Effective Tax Rate	14.65%	14.55%	14.19%	16.36%	16.47%	13.96%
EBITDA	10,364	10,444	8,707	9,483	10,061	9,083
EBITDA Margin	14.88%	15.46%	13.20%	14.14%	15.38%	15.19%
Depreciation & Amortization	1,456	1,430	1,404	1,364	1,290	1,189
EBIT	8,908	9,014	7,303	8,119	8,771	7,894
EBIT Margin	12.79%	13.34%	11.07%	12.11%	13.41%	13.20%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).