Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
Lockheed Martin Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Lockheed Martin Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Lockheed Martin Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-28), 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).
The balance sheet exhibits a general expansion in total liabilities and equity, growing from 51,437 million US dollars in March 2021 to 62,450 million US dollars by June 2026. This growth is primarily driven by a substantial increase in total liabilities, which rose from 45,104 million US dollars to 53,682 million US dollars over the analyzed period.
- Current Liabilities and Short-Term Obligations
- Current liabilities demonstrate a clear upward trajectory, increasing from 14,717 million US dollars in March 2021 to 23,809 million US dollars in June 2026. A significant driver of this increase is the rise in contract liabilities, which climbed from 7,255 million US dollars to 12,151 million US dollars, suggesting an increase in advance payments or deferred revenue. Accounts payable also showed marked growth, ending the period at 4,915 million US dollars compared to 1,889 million US dollars at the start. Notably, current maturities of long-term debt experienced a sharp spike between December 2024 and March 2025, peaking at 3,118 million US dollars before receding.
- Noncurrent Liabilities and Debt Structure
- Noncurrent liabilities remained relatively stable in aggregate, moving from 30,387 million US dollars to 29,873 million US dollars. However, the composition of these liabilities shifted significantly. Long-term debt, net of current maturities, increased from 11,657 million US dollars in March 2021 to 20,538 million US dollars in June 2026. This increase in long-term borrowing was largely offset by a substantial reduction in accrued pension liabilities, which decreased from 12,643 million US dollars to 3,931 million US dollars over the same timeframe.
- Stockholders' Equity and Retained Earnings
- Total equity exhibited volatility, starting at 6,333 million US dollars, peaking at 11,966 million US dollars in September 2022, and concluding at 8,768 million US dollars in June 2026. Retained earnings followed a general downward trend, declining from 21,977 million US dollars in March 2021 to 15,759 million US dollars in June 2026, indicating a consistent return of capital to shareholders or offset by losses. This decline was partially mitigated by a significant improvement in accumulated other comprehensive loss, which moved from negative 16,008 million US dollars to negative 7,468 million US dollars.
- Overall Solvency and Capital Position
- The increase in total liabilities relative to the fluctuations in total equity indicates a growing reliance on debt and contract-based financing. While the reduction in pension obligations improved the long-term liability profile, the increase in long-term debt and the growth in current liabilities suggest an expansion of the leverage profile to support operational or strategic requirements.