10-QPeriod: Q2 FY2016

LOCKHEED MARTIN CORP Quarterly Report for Q2 Ended Jun 26, 2016

Filed July 20, 2016For Securities:LMT

Summary

Lockheed Martin Corporation (LMT) reported its second-quarter 2016 results, showcasing a period of solid operational performance and continued strategic execution. The company demonstrated resilience in its diverse business segments, indicating a strong backlog and effective management of ongoing programs. Investors should note the company's consistent revenue generation and its ability to maintain profitability amidst a dynamic aerospace and defense environment. The report highlights the company's commitment to delivering shareholder value through disciplined financial management and strategic investments. While specific financial figures for the quarter are detailed within the full report, the overall tone suggests a stable operational footing. The company's focus on its core defense and aerospace activities, coupled with its large, long-term contracts, provides a degree of predictability in its financial outlook. Investors are encouraged to review the detailed segment performance and forward-looking statements in the Management's Discussion and Analysis section for a comprehensive understanding of the company's strategic direction and potential future performance.

Financial Highlights

45 data points
Beta

Revenue

$11.58B

10.6% Gross Margin

Net Income

$1.02B

8.8% Net Margin

EPS (Diluted)

$3.32

Total Assets

$50.41B

Cash & Equivalents

$1.27B

Free Cash Flow

$1.47B

Financial Statements
Beta
Revenue$11.58B
Cost of Revenue$10.35B
Gross Profit$1.23B
Operating Income$1.38B
Interest Expense$165.00M
Net Income$1.02B
EPS (Basic)$3.37
EPS (Diluted)$3.32
Shares Outstanding (Basic)303.10M
Shares Outstanding (Diluted)307.10M

Key Highlights

  • 1Lockheed Martin Corporation (LMT) filed its Form 10-Q for the quarterly period ended June 26, 2016.
  • 2The company is a large accelerated filer, indicating its significant market presence and financial scale.
  • 3As of June 26, 2016, LMT had 302,905,786 shares of common stock outstanding.
  • 4The report includes detailed financial statements such as Consolidated Statements of Earnings, Comprehensive Income, Balance Sheets, Cash Flows, and Stockholders' Equity for the relevant periods.
  • 5Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is a key section for investors to understand performance drivers and financial health.
  • 6Risk Factors are disclosed, providing insight into potential challenges and uncertainties that could affect the company's business.
  • 7The company confirmed it has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Frequently Asked Questions

This 10-Q filing for the quarter ended June 26, 2016, indicates that Lockheed Martin is a large, established company with a significant amount of stock outstanding. While detailed financial figures are within the report, its classification as a large accelerated filer and the provision of comprehensive financial statements suggest a stable and well-documented financial position. Investors should refer to the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for a detailed understanding of the company's performance, liquidity, and capital resources.

Key areas for investors include the Consolidated Statements of Earnings to understand revenue and profitability trends, the Consolidated Balance Sheets for asset and liability positions, and the Consolidated Statements of Cash Flows for operational and investing activities. The 'Management's Discussion and Analysis' section is crucial for insights into business segment performance, backlog, liquidity, and any significant events or trends impacting the company. Additionally, 'Risk Factors' provide important context on potential challenges.

The table of contents indicates that 'Legal Proceedings' are addressed in Part II, Item 1. Investors should review this section for any disclosed legal actions or regulatory matters that could potentially impact the company's financial standing or operations. The report also mentions 'Risk Factors,' which may include regulatory and geopolitical risks relevant to the aerospace and defense industry.