Lockheed Martin Corporation (LMT) quarterly cash flow statement — complete operating, investing & financing history
Lockheed Martin Corporation (LMT) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 3.23B | 220M | 3.22B | 3.73B | 201M | 1.41B | 1.02B | 2.44B | 1.88B | 1.64B | 2.37B | 2.89B | 1.1B | 1.56B | 1.93B | 3.13B | 1.33B | 1.41B | 4.27B | 1.94B |
| Operating CF Margin % | 16.12% | 1.22% | 15.83% | 20.03% | 1.11% | 7.84% | 5.49% | 14.25% | 10.35% | 9.51% | 12.53% | 17.13% | 6.59% | 10.34% | 10.15% | 18.89% | 8.62% | 9.42% | 24.07% | 12.09% |
| Operating CF Growth % | 1509.45% | -84.39% | 214.66% | 52.91% | -89.29% | -13.82% | -56.74% | -15.67% | 70.55% | 4.54% | 22.67% | -7.72% | -17.36% | 10.92% | -54.83% | 61.75% | 4.97% | -19.34% | 136.19% | 3.03% |
| Net Income | 1.84B | 1.49B | 1.34B | 1.62B | 342M | 1.71B | 527M | 1.62B | 1.64B | 1.54B | 1.87B | 1.68B | 1.68B | 1.69B | 1.91B | 1.78B | 309M | 1.73B | 2.05B | 614M |
| Depreciation & Amortization | 400M | 398M | 463M | 428M | 399M | 397M | 459M | 390M | 359M | 351M | 421M | 350M | 334M | 325M | 439M | 293M | 343M | 329M | 365M | 329M |
| Stock-Based Compensation | 97M | 83M | 89M | 74M | 81M | 60M | 48M | 75M | 93M | 61M | 44M | 75M | 89M | 57M | 43M | 61M | 80M | 54M | 38M | 62M |
| Deferred Taxes | 377M | 161M | 300M | 633M | -527M | -34M | -414M | -29M | -68M | -77M | -103M | -161M | -117M | -117M | -217M | -115M | -394M | -411M | -183M | 1.67B |
| Other Non-Cash Items | 329M | -465M | 479M | -1.53B | 1.68B | -807M | 311M | 211M | 87M | -304M | 18M | 281M | 235M | -537M | -172M | 372M | 1.91B | -338M | -376M | -22M |
| Working Capital Changes | 196M | -1.45B | 544M | 2.5B | -1.77B | 81M | 92M | 168M | -236M | 59M | 119M | 662M | -1.12B | 147M | -77M | 744M | -915M | 43M | 2.38B | -711M |
| Change in Receivables | -1.19B | 1.58B | 891M | 3.13B | -1.74B | -1.39B | 722M | 472M | -530M | -992M | 273M | 1.02B | -844M | -949M | -21M | 337M | -497M | -564M | 304M | 344M |
| Change in Inventory | -160M | -727M | 225M | -50M | -336M | -125M | -376M | -137M | 181M | -146M | 180M | 186M | -27M | -383M | 25M | 318M | -287M | -163M | -78M | 216M |
| Change in Payables | 187M | 1.22B | -303M | 144M | -180M | 1.68B | -1.06B | -82M | -249M | 1.3B | -1.58B | 334M | 180M | 1.22B | -560M | 312M | -307M | 1.83B | -751M | -90M |
| Cash from Investing | -349M | -541M | -513M | -319M | -715M | -430M | -838M | -210M | -372M | -372M | -703M | -398M | -334M | -259M | -808M | -398M | -332M | -251M | -542M | -230M |
| Capital Expenditures | -318M | -511M | -463M | -381M | -351M | -454M | -582M | -355M | -370M | -378M | -704M | -364M | -329M | -294M | -693M | -405M | -304M | -268M | -607M | -316M |
| CapEx % of Revenue | 1.58% | 2.84% | 2.28% | 2.05% | 1.93% | 2.53% | 3.13% | 2.08% | 2.04% | 2.2% | 3.73% | 2.16% | 1.97% | 1.94% | 3.65% | 2.44% | 1.97% | 1.79% | 3.42% | 1.97% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -31M | -30M | -50M | 62M | -364M | 24M | -256M | 145M | -2M | 6M | 1M | -34M | -5M | 35M | -115M | 7M | -28M | 17M | 65M | 86M |
| Cash from Financing | -989M | -1.91B | -2.06B | -1.23B | 4M | -1.66B | -853M | -1.6B | -1.77B | 85M | -3.77B | -2.62B | 467M | -1.41B | -1B | -2.08B | -1.11B | -2.88B | -2.85B | -1.73B |
| Debt Issued (Net) | -168M | -1B | -1.84B | 536M | 1.31B | 0 | 990M | 0 | -168M | 1.98B | 0 | -115M | 1.98B | 0 | 3.94B | 0 | 17M | 0 | 0 | -500M |
| Equity Issued (Net) | 0 | 0 | -750M | -1B | -500M | -750M | -1B | -850M | -850M | -1B | -3B | -1.75B | -750M | -500M | -4.21B | -1.34B | -356M | -2B | -2.09B | -500M |
| Dividends Paid | -796M | -816M | -799M | -765M | -771M | -796M | -778M | -749M | -752M | -780M | -767M | -747M | -758M | -784M | -766M | -739M | -744M | -767M | -762M | -718M |
| Share Repurchases | 0 | 0 | -750M | -1B | -500M | -750M | -1B | -850M | -850M | -1B | -3B | -1.75B | -750M | -500M | -4.21B | -1.34B | -356M | -2B | -2.09B | -500M |
| Other Financing | -25M | -90M | 1.34B | -3M | -32M | -113M | -65M | -1M | -1M | -115M | -4M | -3M | 0 | -128M | 25M | -3M | -24M | -113M | 0 | -7M |
| Net Change in Cash | 1.9B | -2.23B | 651M | 2.18B | -510M | -680M | -668M | 628M | -267M | 1.35B | -2.11B | -122M | 1.23B | -107M | 117M | 655M | -108M | -1.72B | 877M | -18M |
| Free Cash Flow | 2.92B | -291M | 2.76B | 3.35B | -150M | 955M | 441M | 2.08B | 1.51B | 1.26B | 1.66B | 2.53B | 771M | 1.27B | 1.24B | 2.73B | 1.03B | 1.14B | 3.66B | 1.62B |
| FCF Margin % | 14.54% | -1.61% | 13.56% | 17.99% | -0.83% | 5.32% | 2.37% | 12.18% | 8.31% | 7.31% | 8.8% | 14.97% | 4.62% | 8.4% | 6.5% | 16.45% | 6.65% | 7.63% | 20.65% | 10.11% |
| FCF Growth % | 2044.67% | -130.47% | 524.94% | 60.68% | -109.96% | -24.03% | -73.45% | -17.57% | 95.33% | -1.02% | 34.49% | -7.37% | -24.93% | 11.21% | -66.27% | 68.29% | 8.11% | -22.15% | 237.42% | 10.12% |
| FCF per Share | 12.62 | -1.26 | 11.88 | 14.38 | -0.64 | 4.06 | 1.86 | 8.73 | 6.29 | 5.20 | 6.75 | 10.10 | 3.04 | 4.97 | 4.78 | 10.29 | 3.85 | 4.24 | 13.35 | 5.85 |
| FCF Conversion (FCF/Net Income) | 1.76x | 0.15x | 2.40x | 2.30x | 0.59x | 0.82x | 1.94x | 1.50x | 1.14x | 1.06x | 1.27x | 1.72x | 0.65x | 0.93x | 1.01x | 1.76x | 4.31x | 0.81x | 2.08x | 3.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |