Lockheed Martin (LMT) FY2022 results: revenue $66.0 billion, down 1.6% on the year
Lockheed Martin Corp. (LMT) reported revenue of $66.0 billion for fiscal 2022, the year ended 31 December 2022, down 1.6% on the year before. Net income was $5.7 billion, down 9.2%, and diluted earnings per share $21.66. The figures are the company's own, from the 10-K it filed with the SEC on 26 January 2023.
Revenue
$66.0 billion
-1.6% on the year
FY2015FY2022
Operating margin
12.7%
13.6% a year earlier
FY2015FY2022
Net income
$5.7 billion
-9.2% on the year
FY2015FY2022
Diluted EPS
$21.66
-4.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
7,802
9,221
8,183
-15.4%
Capital expenditure
1,670
1,522
1,766
+9.7%
Free cash flow
6,132
7,699
6,417
-20.4%
Free cash flow margin
9.3%
11.5%
9.8%
Cash from investing
-1,789
-1,161
-2,010
Cash from financing
-7,070
-7,616
-4,527
Depreciation and amortisation
1,404
1,364
1,019
+2.9%
Share-based compensation
238
227
221
+4.8%
Buybacks
7,900
4,087
1,100
+93.3%
Dividends paid
3,016
2,940
2,764
+2.6%
Dividend per share
$11.40
$10.60
$9.80
+7.5%
Diluted shares, weighted
265m
277m
281m
-4.6%
Shares outstanding at period end
254m
271m
279m
-6.3%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
9,266
10,959
6,015
-15.4%
Non-controlling interest
n/a
0.0
23.0
Debt
15,547
11,676
12,169
+33.2%
Operating lease liabilities
916
1,100
841
-16.7%
Other liabilities
27,151
27,138
31,662
+0.0%
Total liabilities and equity
52,880
50,873
50,710
+3.9%
Fixed assets
7,975
7,597
7,213
+5.0%
Goodwill
10,780
10,813
10,806
-0.3%
Intangible assets
2,459
2,706
3,012
-9.1%
Trading assets
1,600
2,100
2,000
-23.8%
Cash and equivalents
2,547
3,604
3,160
-29.3%
Receivables
2,505
1,963
1,978
+27.6%
Inventory
3,088
2,981
3,545
+3.6%
Other assets
21,926
19,109
18,996
+14.7%
Total assets
52,880
50,873
50,710
+3.9%
10-K for the year ended 31 December 2022, filed 26 January 2023: the filing.