Skip to main content
logo
Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
505.41
-0.09 (-0.02%)
At close: Oct 2, 2026, 4:00 PM EDT
506.98
+1.57 (0.31%)
After-hours: Oct 2, 2026, 7:59 PM EDT

Lockheed Martin Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
6,2875,0175,3366,9205,7326,315
Depreciation & Amortization
1,2961,2941,2131,1671,1511,189
Other Amortization
393393346263253175
Asset Writedown & Restructuring Costs
-66879210036
Stock-Based Compensation
343304277265238227
Other Operating Activities
9101,297-124-9719131,225
Change in Accounts Receivable
-1,192-1,833-328-492-2,281-1,019
Change in Inventory
-712-286-478-44-107564
Change in Accounts Payable
1,2501,341-931511,274-98
Change in Unearned Revenue
2,2901,219605702381562
Change in Income Taxes
-463-255131-13314845
Operating Cash Flow
10,4028,5576,9727,9207,8029,221
Operating Cash Flow Growth
105.13%22.73%-11.97%1.51%-15.39%12.68%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,673-1,649-1,685-1,691-1,670-1,522
Other Investing Activities
-49-328-107-3-119361
Investing Cash Flow
-1,722-1,977-1,792-1,694-1,789-1,161

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,9852,9701,9756,211-
Total Debt Issued
5361,9852,9701,9756,211-
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)
-1,1321,3432,8021,8603,961-500
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
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
2,4981,6381,041-1,105-1,057444

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
8,7296,9085,2876,2296,1327,699
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
37.6829.5922.1024.8023.1827.75
Levered Free Cash Flow
5,5635,2825,7135,4583,7905,173
Unlevered Free Cash Flow
6,2575,9806,3606,0304,1795,528

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,0001,000950832573543
Cash Income Tax Paid
7887881,3001,8001,6001,400
Change in Working Capital
1,173186-163184-58554
SEC Filings: 10-K · 10-Q