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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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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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: 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 financial position of the entity is characterized by a gradual increase in total liabilities and a fluctuating equity base over the analyzed period. Total liabilities grew from 45.1 billion US dollars in March 2021 to 51.7 billion US dollars by March 2026, reflecting a shift in the composition of the company's obligations.
- Current Liabilities and Operational Obligations
- Current liabilities exhibit a general upward trajectory, rising from 14.7 billion US dollars in early 2021 to 22.1 billion US dollars by March 2026. A significant driver of this increase is the growth in contract liabilities, which rose from 7.3 billion US dollars to 10.7 billion US dollars, indicating an increase in customer prepayments or deferred revenue. Accounts payable also showed an overall increase, though with quarterly volatility, peaking at 4.7 billion US dollars in March 2026. There was a notable surge in current maturities of long-term debt during 2024 and 2025, peaking at 3.1 billion US dollars in June 2025 before declining.
- Noncurrent Liabilities and Long-Term Debt
- A structural shift is observed in noncurrent liabilities. Long-term debt, net of current maturities, increased substantially from approximately 11.6 billion US dollars in 2021 to 20.5 billion US dollars by March 2026. This increase in borrowing was partially offset by a marked reduction in accrued pension liabilities, which declined from a high of 12.6 billion US dollars in March 2021 to 3.9 billion US dollars in March 2026. Other noncurrent liabilities remained relatively stable, oscillating between 5.2 billion and 7.7 billion US dollars.
- Stockholders' Equity and Retained Earnings
- Total equity has experienced significant volatility, starting at 6.3 billion US dollars in March 2021, peaking at nearly 12 billion US dollars in September 2022, and ending at 7.5 billion US dollars in March 2026. Retained earnings showed a general downward trend, decreasing from 21.9 billion US dollars in March 2021 to 14.7 billion US dollars by March 2026. This decline was mitigated by an improvement in accumulated other comprehensive loss, which reduced from a negative 16 billion US dollars to a negative 7.5 billion US dollars over the same period.
- Overall Capital Structure
- The total balance sheet size, represented by total liabilities and equity, expanded from 51.4 billion US dollars in March 2021 to 59.2 billion US dollars in March 2026. The increase in total liabilities, specifically through long-term debt, suggests a strategy of increased leverage to fund operations or share buybacks, while the reduction in pension liabilities has lowered the long-term risk profile associated with employee benefits.