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.
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Lockheed Martin Corp. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Lockheed Martin Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
- Accounts payable
- The accounts payable balance exhibits notable volatility, with a general pattern of increases followed by declines. It reached a peak near Dec 2023 but showed fluctuations thereafter. The changes suggest varying payment cycles or changes in procurement activity over the periods.
- Salaries, benefits and payroll taxes
- These expenses rose from early 2020 through mid-2021, peaking around Sep 2021 to Dec 2021. Afterward, there is a slight downtrend through 2023, with another decrease in mid-2025. This could indicate adjustments in workforce size or compensation strategies.
- Contract liabilities
- Contract liabilities remained relatively stable but trended upward gradually from 2020 through early 2025, peaking near Jun 2025. This trend suggests an increasing amount of unearned revenue or deferred performance obligations growing over time.
- Current maturities of long-term debt and commercial paper
- This liability category shows irregular values with some quarters showing zero or missing data. Notably, a large increase occurs toward mid and late 2025, indicating significant upcoming debt repayments or refinancing activities.
- Other current liabilities
- These liabilities fluctuated substantially across the quarters, generally showing upward movement by mid-2025. The volatility may be related to accrued expenses or other short-term obligations sensitive to operational cycles.
- Current liabilities
- Current liabilities overall exhibit a pattern of increases and fluctuations but display an upward trend into 2025, suggesting growing short-term obligations potentially linked to business expansion or increased operating expenses.
- Long-term debt, net, excluding current maturities
- This figure largely remained stable from 2020 through 2022, with a notable jump near Dec 2022. It then continued to increase until early 2024 before slightly declining by mid-2025. The changes indicate new issuances or repayments of long-term debt during these periods.
- Accrued pension liabilities
- Accrued pension liabilities have been on a consistent downtrend from 2020 to 2025, more than halving over the span. This suggests improving pension funding status or changes in actuarial assumptions or plan settlements.
- Other noncurrent liabilities
- These liabilities maintain a relatively stable range with modest increases observed intermittently. Late 2023 shows a decline followed by a slight recovery, indicating management of certain noncurrent obligations.
- Noncurrent liabilities
- Overall noncurrent liabilities decreased significantly from 2020 to late 2021, with some recovery and stabilization afterward. Trends imply active liability management or restructuring during the earlier periods followed by steadier obligations.
- Total liabilities
- Total liabilities have fluctuated moderately, with a decline in late 2021 and early 2022, followed by increases in 2023 through mid-2025, culminating in a significant rise by Jun 2025. This reflects changes across both current and noncurrent liabilities influencing overall debt and obligations.
- Common stock, $1 par value per share
- The common stock value steadily declined from early 2020 through mid-2025, indicating possible share buybacks or retirement reducing the par value amount reported.
- Additional paid-in capital
- Additional paid-in capital data is largely missing except for isolated periods in 2020-2023 showing modest values. The inconsistencies limit conclusive trend analysis but suggest some capital transactions during these reported intervals.
- Retained earnings
- Retained earnings peaked around early 2021 and then declined steadily through 2023, with a sharper drop into 2025. This decline may reflect distributions, net losses, or significant expenses exceeding earnings.
- Accumulated other comprehensive loss
- This account shows a steadily decreasing negative balance, improving from a large loss in early 2020 to a smaller loss by mid-2025. The pattern indicates recovery in other comprehensive income components such as foreign currency translation, pension adjustments, or unrealized gains.
- Stockholders’ equity
- Equity increased substantially from 2020 to late 2021, reaching a high point near Dec 2021 before declining sharply through 2025. The decrease aligns with falling retained earnings and suggests pressures on net income or capital returns to shareholders.
- Noncontrolling interests in subsidiary
- Reported only early in the period and declining to zero afterward, indicating possible buyout or consolidation of minority interests.
- Total equity
- Total equity mirrors stockholders’ equity trends, rising through 2021 then falling through 2025, reinforcing the assessment of weakening equity position in recent periods.
- Total liabilities and equity
- This total remains relatively stable with minor increases over the period, reflecting overall asset growth balanced by corresponding liabilities and equity changes.