Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
565.07
+1.50 (0.27%)
Aug 24, 2026, 12:38 PM EDT - Market open
Lockheed Martin Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Net Income | 6,287 | 5,017 | 5,336 | 6,920 | 5,732 | 6,315 |
Depreciation & Amortization | 1,296 | 1,294 | 1,213 | 1,167 | 1,151 | 1,189 |
Other Amortization | 393 | 393 | 346 | 263 | 253 | 175 |
Asset Writedown & Restructuring Costs | - | 66 | 87 | 92 | 100 | 36 |
Stock-Based Compensation | 343 | 304 | 277 | 265 | 238 | 227 |
Other Operating Activities | 910 | 1,297 | -124 | -971 | 913 | 1,225 |
Change in Accounts Receivable | -1,192 | -1,833 | -328 | -492 | -2,281 | -1,019 |
Change in Inventory | -712 | -286 | -478 | -44 | -107 | 564 |
Change in Accounts Payable | 1,250 | 1,341 | -93 | 151 | 1,274 | -98 |
Change in Unearned Revenue | 2,290 | 1,219 | 605 | 702 | 381 | 562 |
Change in Income Taxes | -463 | -255 | 131 | -133 | 148 | 45 |
Operating Cash Flow | 10,402 | 8,557 | 6,972 | 7,920 | 7,802 | 9,221 |
Operating Cash Flow Growth | 105.13% | 22.73% | -11.97% | 1.51% | -15.39% | 12.68% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Capital Expenditures | -1,673 | -1,649 | -1,685 | -1,691 | -1,670 | -1,522 |
Other Investing Activities | -49 | -328 | -107 | -3 | -119 | 361 |
Investing Cash Flow | -1,722 | -1,977 | -1,792 | -1,694 | -1,789 | -1,161 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Long-Term Debt Issued | - | 1,985 | 2,970 | 1,975 | 6,211 | - |
Total Debt Issued | 536 | 1,985 | 2,970 | 1,975 | 6,211 | - |
Long-Term Debt Repaid | - | -642 | -168 | -115 | -2,250 | -500 |
Total Debt Repaid | -1,668 | -642 | -168 | -115 | -2,250 | -500 |
Net Debt Issued (Repaid) | -1,132 | 1,343 | 2,802 | 1,860 | 3,961 | -500 |
Repurchase of Common Stock | -1,750 | -3,000 | -3,700 | -6,000 | -7,900 | -4,087 |
Common Dividends Paid | -3,176 | -3,131 | -3,059 | -3,056 | -3,016 | -2,940 |
Other Financing Activities | -124 | -154 | -182 | -135 | -115 | -89 |
Financing Cash Flow | -6,182 | -4,942 | -4,139 | -7,331 | -7,070 | -7,616 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Net Cash Flow | 2,498 | 1,638 | 1,041 | -1,105 | -1,057 | 444 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 |
Free Cash Flow | 8,729 | 6,908 | 5,287 | 6,229 | 6,132 | 7,699 |
Free Cash Flow Growth | 162.21% | 30.66% | -15.12% | 1.58% | -20.35% | 19.98% |
Free Cash Flow Margin | 11.33% | 9.21% | 7.44% | 9.22% | 9.29% | 11.48% |
Free Cash Flow Per Share | 37.68 | 29.59 | 22.10 | 24.80 | 23.18 | 27.75 |
Levered Free Cash Flow | 5,563 | 5,282 | 5,713 | 5,458 | 3,790 | 5,173 |
Unlevered Free Cash Flow | 6,257 | 5,980 | 6,360 | 6,030 | 4,179 | 5,528 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 28, 2026 | 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 Interest Paid | 1,000 | 1,000 | 950 | 832 | 573 | 543 |
Cash Income Tax Paid | 788 | 788 | 1,300 | 1,800 | 1,600 | 1,400 |
Change in Working Capital | 1,173 | 186 | -163 | 184 | -585 | 54 |