Lockheed Martin Corp. (NYSE:LMT)

The financial data reveals various trends in liabilities, equity, and expense-related accounts over the observed periods. A comprehensive analysis of these trends follows.

Accounts Payable

The accounts payable balance exhibits volatility with notable fluctuations. Initially high at 3,166 million, it dropped sharply to under 900 million by the end of 2020, then generally increased with peaks near 3,800 million in the latter periods. This indicates periods of varied payment obligations, potentially reflecting changes in procurement or supplier payment terms.

Salaries, Benefits, and Payroll Taxes

This expense category shows a general upward trend from approximately 2,000 million to over 3,100 million. Peaks occur in several quarters without a sustained decrease, suggesting increasing labor costs or workforce expansion over time.

Contract Liabilities

Contract liabilities remained relatively stable but with a gradual upward trend from about 7,200 million to over 10,200 million. This steady increase suggests growing deferred revenue or contract-related obligations, implying strong order intake or advancing contract milestones.

Current Maturities of Long-term Debt

Values for current maturities of long-term debt generally remain low or moderate except for notable spikes near mid-2025, reaching above 3,000 million. This may indicate scheduled debt repayments or refinancing activity concentrated in those periods.

Other Current Liabilities

There is variability in other current liabilities with values ranging from about 1,800 million to nearly 5,000 million. Sharp increases in recent periods suggest growing short-term obligations that are neither accounts payable nor contract liabilities.

Current Liabilities

Current liabilities fluctuate around 13,900 million to over 24,000 million, with a clear upward trend especially into the 2024–2025 timeframe. This rise corresponds with increases in several subcomponents, indicating expanding short-term obligations.

Long-term Debt, Net, Excluding Current Maturities

This liability remains fairly stable around 11,000 to 19,600 million, with some upward movement from 2022 onward, peaking near the last periods. This suggests some incremental long-term borrowing or reclassification of debt portions.

Accrued Pension Liabilities

Accrued pension liabilities exhibit a downward trend from roughly 13,000 million to under 5,000 million, signaling possible pension plan funding improvements, settlements, or actuarial gains reducing company obligations.

Other Noncurrent Liabilities

The balance ranges between approximately 5,200 million and 7,600 million, with some periods showing decline but later recovery towards 2025. This indicates a relatively stable level of miscellaneous long-term liabilities.

Noncurrent Liabilities

Noncurrent liabilities display general stability, hovering mostly between 25,000 million and 31,000 million. However, there is a slight decrease in mid-periods before increasing again, reflecting adjustments in long-term obligations.

Total Liabilities

Total liabilities appear stable around 40,000 million to over 54,000 million, with rises corresponding to observed increases in current and noncurrent liabilities, particularly toward 2024 and 2025.

Common Stock

A gradual decline in common stock par value is observed, decreasing from 279 million to around 230 million. This may result from share buybacks or an adjustment in share count.

Additional Paid-in Capital

Data for additional paid-in capital is sparse; recorded amounts show minor fluctuations likely from equity transactions but insufficient data restricts robust trend analysis.

Retained Earnings

Retained earnings reveal a declining trajectory from approximately 21,600 million down to near 13,000 million across the observed periods, suggesting net losses, dividends, or adjustments affecting accumulated profits.

Accumulated Other Comprehensive Loss

Comprehensive loss remains consistently negative, ranging from about -15,500 million improving to roughly -8,100 million, indicating gradually reduced losses from other comprehensive income items such as foreign currency translation or pension-related adjustments.

Stockholders’ Equity

Stockholders’ equity fluctuates between approximately 3,400 million and 11,000 million with an overall decline in recent periods after peaking around late 2021. This reflects the impact of reduced retained earnings and other comprehensive components.

Noncontrolling Interests

Noncontrolling interest balances are relatively minor and decline over time, disappearing in later periods, indicating possible buyouts or restructuring reducing minority ownership.

Total Equity

Total equity mirrors stockholders’ equity trends, peaking near 11,000 million and declining thereafter, underscoring overall equity contraction across the final periods.

Total Liabilities and Equity

This total remains in the range of roughly 49,000 million to 60,000 million, gradually increasing with time, tracking the incremental liabilities and equity changes with an upward tendency toward 2025.

In summary, the analysis points toward increased overall liabilities driven by higher current obligations and long-term debt, alongside labor cost growth. Equity components show reduced retained earnings and consistent comprehensive loss, exerting downward pressure on total equity. Pension liabilities decrease significantly, likely providing relief on long-term obligations. The fluctuations in debt maturities and other liabilities indicate ongoing capital structure management. These patterns suggest dynamic financial management with areas of both strengthening obligations and evolving equity positions.