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Lockheed Martin Corporation (LMT)
NYSE: LMT · Real-Time Price · USD
604.18
+14.27 (2.42%)
At close: Oct 23, 2026, 4:00 PM EDT
604.23
+0.05 (0.01%)
After-hours: Oct 23, 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
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
6,5135,0175,3366,9205,7326,315
Depreciation & Amortization
1,2931,2941,2131,1671,1511,189
Other Amortization
393393346263253175
Asset Writedown & Restructuring Costs
-66879210036
Stock-Based Compensation
358304277265238227
Other Operating Activities
8241,297-124-9719131,225
Change in Accounts Receivable
-2,202-1,833-328-492-2,281-1,019
Change in Inventory
-238-286-478-44-107564
Change in Accounts Payable
1,1851,341-931511,274-98
Change in Unearned Revenue
2,3851,219605702381562
Change in Income Taxes
-399-255131-13314845
Operating Cash Flow
10,1128,5576,9727,9207,8029,221
Operating Cash Flow Growth
58.97%22.73%-11.97%1.51%-15.39%12.68%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,731-1,649-1,685-1,691-1,670-1,522
Other Investing Activities
-142-328-107-3-119361
Investing Cash Flow
-1,873-1,977-1,792-1,694-1,789-1,161

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,9852,9701,9756,211-
Total Debt Issued
-1,9852,9701,9756,211-
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)
-1,6681,3432,8021,8603,961-500
Repurchase of Common Stock
-750-3,000-3,700-6,000-7,900-4,087
Common Dividends Paid
-3,207-3,131-3,059-3,056-3,016-2,940
Other Financing Activities
-124-154-182-135-115-89
Financing Cash Flow
-5,749-4,942-4,139-7,331-7,070-7,616

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
2,4901,6381,041-1,105-1,057444

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
8,3816,9085,2876,2296,1327,699
Free Cash Flow Growth
82.47%30.66%-15.12%1.58%-20.35%19.98%
Free Cash Flow Margin
10.59%9.21%7.44%9.22%9.29%11.48%
Free Cash Flow Per Share
36.2329.5922.1024.8023.1827.75
Levered Free Cash Flow
5,6465,2825,7135,4583,7905,173
Unlevered Free Cash Flow
6,3265,9806,3606,0304,1795,528

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '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
731186-163184-58554
SEC Filings: 10-K · 10-Q