Annual Data
Quarterly Data
Lockheed Martin Corp., common-size consolidated income statement (quarterly data)
3 months ended:
Jun 28, 2020
Mar 29, 2020
Dec 31, 2019
Sep 29, 2019
Jun 30, 2019
Mar 31, 2019
Dec 31, 2018
Sep 30, 2018
Jun 24, 2018
Mar 25, 2018
Dec 31, 2017
Sep 24, 2017
Jun 25, 2017
Mar 26, 2017
Dec 31, 2016
Sep 25, 2016
Jun 26, 2016
Mar 27, 2016
Dec 31, 2015
Sep 27, 2015
Jun 28, 2015
Mar 29, 2015
Products
83.67% 84.12% 84.09% 83.90% 83.20% 83.50% 84.48% 83.24% 83.22% 83.90% 86.13% 86.25% 85.36% 86.04% 85.34% 87.11% 84.78% 84.41% 77.90% 76.87% 78.65% 77.67%
Services
16.33% 15.88% 15.91% 16.10% 16.80% 16.50% 15.52% 16.76% 16.78% 16.10% 13.87% 13.75% 14.64% 13.96% 14.66% 12.89% 15.22% 15.59% 22.10% 23.13% 21.35% 22.33%
Net sales
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Products
-74.55% -75.02% -75.27% -74.74% -73.99% -74.11% -75.65% -74.74% -74.59% -74.75% -78.16% -77.91% -76.87% -78.57% -78.74% -78.15% -76.64% -76.07% -70.33% -68.66% -69.59% -68.75%
Services
-14.42% -14.14% -14.35% -14.57% -15.21% -14.28% -13.96% -14.46% -14.68% -14.52% -12.27% -12.43% -13.07% -12.44% -12.50% -11.37% -13.57% -13.86% -19.49% -20.29% -19.03% -19.30%
Severance and restructuring charges
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.77% -0.52% -0.31% 0.00% 0.00%
Other unallocated, net
2.61% 2.52% 2.99% 2.91% 3.01% 3.66% 3.09% 2.61% 3.07% 3.52% 1.13% 1.45% 1.17% 1.44% 1.08% 1.50% 0.84% 1.26% 0.48% 0.22% 0.40% 0.53%
Cost of sales
-86.36%
-86.64%
-86.63%
-86.40%
-86.19%
-84.74%
-86.52%
-86.58%
-86.92%
-85.75%
-89.30%
-88.90%
-88.77%
-89.57%
-90.16%
-88.02%
-89.38%
-89.44%
-89.86%
-89.04%
-88.22%
-87.51%
Gross profit
13.64%
13.36%
13.37%
13.60%
13.81%
15.26%
13.48%
13.42%
13.08%
14.25%
10.70%
11.10%
11.23%
10.43%
9.84%
11.98%
10.62%
10.56%
10.14%
10.96%
11.78%
12.49%
Other income (expense), net
-0.78% 0.20% 0.16% 0.28% 0.10% 0.66% -0.63% 0.29% 0.31% 0.58% 1.59% 0.63% 0.47% -0.04% 0.55% 1.77% 1.25% 0.61% -0.22% 0.86% 0.64% 0.92%
Operating profit
12.86%
13.56%
13.53%
13.88%
13.92%
15.92%
12.84%
13.71%
13.40%
14.83%
12.28%
11.73%
11.71%
10.39%
10.38%
13.75%
11.88%
11.17%
9.92%
11.81%
12.41%
13.41%
Interest expense
-0.92% -0.95% -0.99% -1.07% -1.13% -1.19% -1.19% -1.24% -1.23% -1.33% -1.15% -1.33% -1.26% -1.40% -1.24% -1.40% -1.43% -1.59% -1.10% -0.91% -0.89% -0.92%
Other non-operating income (expense), net
0.15% 0.36% -1.01% -1.07% -1.12% -1.16% -1.37% -1.47% -1.57% -1.80% 0.05% -0.06% -0.02% 0.01% -0.01% 0.01% 0.00% 0.01% 0.19% 0.01% 0.02% 0.03%
Earnings from continuing operations before income taxes
12.10%
12.97%
11.54%
11.74%
11.67%
13.57%
10.29%
11.00%
10.60%
11.69%
11.18%
10.35%
10.43%
9.00%
9.13%
12.35%
10.45%
9.59%
9.00%
10.92%
11.53%
12.52%
Income tax expense
-2.07% -2.00% -2.10% -1.14% -1.82% -1.68% -1.60% -0.71% -1.92% -1.74% -15.90% -2.63% -3.00% -2.10% -2.15% -2.93% -2.69% -1.81% -1.78% -3.37% -3.56% -3.84%
Net earnings from continuing operations
10.02%
10.97%
9.43%
10.60%
9.84%
11.89%
8.69%
10.29%
8.68%
9.94%
-4.72%
7.72%
7.43%
6.90%
6.97%
9.43%
7.77%
7.77%
7.22%
7.55%
7.98%
8.68%
Net earnings from discontinued operations
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.48% 0.00% 0.00% 0.00% 0.21% 11.31% 1.05% 0.89% 0.00% 0.00% 0.00% 0.00%
Net earnings
10.02%
10.97%
9.43%
10.60%
9.84%
11.89%
8.69%
10.29%
8.68%
9.94%
-4.24%
7.72%
7.43%
6.90%
7.18%
20.73%
8.82%
8.66%
7.22%
7.55%
7.98%
8.68%
Based on:
10-Q (filing date: 2020-07-21) 10-Q (filing date: 2020-04-22) 10-K (filing date: 2020-02-07) 10-Q (filing date: 2019-10-25) 10-Q (filing date: 2019-07-23) 10-Q (filing date: 2019-04-24) 10-K (filing date: 2019-02-08) 10-Q (filing date: 2018-10-25) 10-Q (filing date: 2018-07-24) 10-Q (filing date: 2018-04-25) 10-K (filing date: 2018-02-06) 10-Q (filing date: 2017-10-26) 10-Q (filing date: 2017-07-20) 10-Q (filing date: 2017-04-26) 10-K (filing date: 2017-02-09) 10-Q (filing date: 2016-10-27) 10-Q (filing date: 2016-07-20) 10-Q (filing date: 2016-04-27) 10-K (filing date: 2016-02-24) 10-Q (filing date: 2015-10-22) 10-Q (filing date: 2015-07-22) 10-Q (filing date: 2015-04-22)
Income statement item
Description
The company
Operating profit
The net result for the period of deducting operating expenses from operating revenues.
Lockheed Martin Corp.’s operating profit as a percentage of net sales increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Earnings from continuing operations before income taxes
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
Lockheed Martin Corp.’s earnings from continuing operations before income taxes as a percentage of net sales increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Net earnings
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
Lockheed Martin Corp.’s net earnings as a percentage of net sales increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
