Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Lockheed Martin Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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).
- Accounts Payable
- The accounts payable as a percentage of total liabilities and equity fluctuated over the periods, starting at 6.43% in early 2020, decreasing to as low as 1.53% by the end of 2021, and then increasing again to 6.74% by the first quarter of 2025. This pattern suggests variable payment terms or timing differences in short-term obligations.
- Salaries, Benefits, and Payroll Taxes
- This expense category showed moderate variability, peaking around 6.24% during late 2020, followed by a general decline and some recovery, ending at 4.22% in early 2025. The fluctuations correspond to changes in workforce costs relative to total liabilities and equity.
- Contract Liabilities
- Contract liabilities remained relatively stable throughout the reported periods, generally hovering around 14-17%, with a slight upward trend toward the end, reaching approximately 16.54% in early 2025. This consistency indicates sustained deferred revenue or progress billings related to ongoing contracts.
- Current Maturities of Long-Term Debt
- This item showed a declining trend in 2020, with some periods of missing data. There was a small rebound to nearly 2.9% by the quarter ending March 2025, suggesting an increased portion of debt maturing within a year toward the end of the timeline.
- Other Current Liabilities
- The proportion fluctuated moderately, peaking at 6.54% in late 2024 and ending near 6.98% in early 2025. This reflects variations in miscellaneous obligations likely related to accruals or other short-term liabilities.
- Current Liabilities
- Current liabilities as a whole remained relatively stable, typically between 27% and 35%, with a noticeable increase near the end of the period, peaking at 37.39% in early 2025. This suggests growing short-term obligations relative to total liabilities and equity.
- Long-Term Debt, Net, Excluding Current Maturities
- This metric showed a steady increase from around 23.23% in early 2020 to a high near 35.29% in late 2024, before a slight decline to 32.93% in early 2025. The trend implies an increasing reliance on long-term debt financing over time.
- Accrued Pension Liabilities
- A clear downward trend is evident, starting from approximately 26.56% in early 2020, decreasing consistently to 8.5% by early 2025. This declining pattern points to reduced pension obligations as a share of total liabilities and equity, possibly due to funding or accounting changes.
- Other Noncurrent Liabilities
- These liabilities remained relatively stable across the period, hovering mostly around 9-13%, with minor fluctuations. This stability suggests consistent levels of other long-term obligations.
- Noncurrent Liabilities
- Noncurrent liabilities decreased notably from above 60% in early 2020 to about 50.82% near the end of the period, though with some intermediate fluctuations. This decline reflects a shift in the company's liability structure, possibly reduced pension liabilities being a contributing factor.
- Total Liabilities
- Total liabilities showed a gradual decrease from 92.92% early on to around 88% at period end, with some fluctuations in between. Despite this reduction, liabilities consistently constituted a large majority portion of total liabilities and equity.
- Common Stock, $1 Par Value per Share
- The proportion of common stock remained low and showed a slight declining trend, from about 0.57% in early 2020 to 0.41% by early 2025, indicating minor changes in share capital relative to total liabilities and equity.
- Additional Paid-in Capital
- Data on additional paid-in capital was sporadic. Available figures suggest a low and relatively stable presence, indicating minor influence on the overall equity composition.
- Retained Earnings
- Retained earnings as a percentage decreased gradually from nearly 38% in early 2020 to about 26% by early 2025. This decline may reflect profit distributions, write-offs, or other adjustments affecting accumulated earnings relative to total liabilities and equity.
- Accumulated Other Comprehensive Loss
- The accumulated other comprehensive loss declined in magnitude over time from about -31.56% in early 2020 to approximately -14.69% near early 2025, indicating a reduction in unrealized losses or other comprehensive loss components.
- Stockholders’ Equity
- Equity showed an increasing trend initially, rising from 7% in early 2020 to above 21% by mid-2022, followed by a gradual decline to approximately 11.79% by early 2025. This pattern suggests phases of equity strengthening and relative dilution or changes in asset valuation.
- Noncontrolling Interests in Subsidiary
- Noncontrolling interests were minimal and decreased from 0.08% early on to zero in later periods, indicating diminished minority interest in subsidiaries.
- Total Equity
- Total equity mirrored the pattern of stockholders’ equity, increasing significantly up to mid-2022, then tapering off toward early 2025, ending near 11.79%. This reflects changes in owners’ stake relative to liabilities over the timeframe.
- Total Liabilities and Equity
- This base measure consistently totaled 100%, confirming all subcategories sum appropriately for each period.