Common-Size Balance Sheet: Assets
Quarterly Data
Lockheed Martin Corp., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits significant fluctuations during the observed periods. Starting at 4.04% in March 2020, it rises to a peak of 7.08% by December 2020. Afterwards, it experiences a downward trend interspersed with minor recoveries, reaching a low of 2.2% by June 2025. This indicates variability in liquidity management across the quarters.
- Receivables, net
- Receivables as a percentage of total assets show a generally fluctuating pattern without a distinct trend. Proportions vary between approximately 3.57% and 6.57%, with peaks observed in June 2022 and June 2023, and troughs in September 2024 and March 2025. This suggests periodic variations in accounts receivable management or revenue recognition timing.
- Contract assets
- This category represents a substantial and increasing share of total assets over time. Starting at 20.69% in March 2020, it gradually ascends to levels above 25% from December 2023 onwards, indicating an expanding amount of rights to payment for performance obligations satisfied but not yet billed, possibly due to higher contract activity or changes in contract structures.
- Inventories
- Inventories show a slight declining trend in percentage terms, decreasing from 7.19% of total assets in March 2020 to generally lower levels around 5.6% to 6.3% in the later periods. There are minor fluctuations, but the overall movement suggests a controlled or slightly reduced inventory holding relative to total assets.
- Other current assets
- Other current assets remain relatively stable, mostly ranging between 0.79% and 1.35% of total assets, with occasional minor increases and decreases. This stability indicates consistent management of miscellaneous current asset components.
- Current assets
- The overall current assets as a proportion of total assets maintain a balanced stance with moderate fluctuations, fluctuating around 39% to 42%. A small peak at 42.27% in June 2023 suggests occasional accumulation or reclassification within current asset accounts.
- Property, plant and equipment, net
- This asset category holds a stable and slightly increasing presence, moving from approximately 13.4% in early 2020 to near 15.96% in December 2023, though it declines slightly afterward. This indicates ongoing investment or accumulation in fixed assets with some periodic adjustment.
- Goodwill
- Goodwill as a portion of total assets shows a gently declining trend over the periods, from 21.45% in March 2020 to near 19.21% by June 2025. The decline suggests possible amortization, impairment, or changes in acquisition activities impacting reported goodwill levels.
- Intangible assets, net
- Intangible assets display a consistent decline from 6.38% of total assets in March 2020 to approximately 3.42% by mid-2025. The decreasing pattern points to amortization effects or divestitures reducing the net value of these assets.
- Deferred income taxes
- The proportion related to deferred income taxes fluctuates moderately but generally increases from 6.42% in March 2020 to a peak around 8.6% in December 2023, before returning to levels near 6.9%. These variations may result from shifts in tax timing differences or changes in tax rates and regulations.
- Other noncurrent assets
- This category remains relatively stable with proportions between approximately 12.77% and 15.11%. A slight increase towards the later periods may indicate accumulation in long-term holdings or reclassification from other asset types.
- Noncurrent assets
- The total of noncurrent assets persistently represents about 58% to 61% of total assets, reflecting a stable long-term investment profile. Minor fluctuations within this range suggest routine revaluation or reclassification activities.
- Total assets
- By definition, total assets consistently represent 100% in normalized terms, serving as the baseline for proportional analysis of all components.