On Jan. 25, defense giant Lockheed Martin
- The company's fourth-quarter net sales went up by 6% to $10.8 billion, with increasing revenues across all segments.
- Operating profit increased across each sector, helping to drive the bottom line. The 32% increase in operating profit from the aeronautics segment led the company to increase operating-profit estimates for 2007.
- With the formation of the United Launch Alliance joint venture, net sales for 2007 will be reduced by an estimated $800 million.
- Lockheed Martin is a three-star stock in Motley Fool CAPS, our interactive stock-rating database.
(Figures millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$10,840.0 |
$10,229.0 |
6.0% |
Net Profit |
$729.0 |
$568.0 |
28.3% |
EPS |
$1.68 |
$1.29 |
30.2% |
Diluted Shares |
432.8 |
439.0 |
(1.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
9.5% |
7.1% |
2.4 |
Operating Margin |
10.5% |
8.7% |
1.8 |
Net Margin |
6.7% |
5.6% |
1.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$2,293 |
$2,673 |
(14.2%) |
Accounts Rec. |
$4,601 |
$4,579 |
0.5% |
Inventory |
$1,663 |
$1,921 |
(13.4%) |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$2,196 |
$1,998 |
9.9% |
Long-Term Debt |
$4,405 |
$4,784 |
(7.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$3,783 |
$3,194 |
18.4% |
Capital Expenditures |
$893 |
$865 |
3.2% |
Free Cash Flow |
$2,890 |
$2,329 |
24.1% |
Find out why Fools always follow the money.
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Related Foolishness:
- Foolish Forecast: Locking In on Lockheed
- Lockheed Locks In Q3: Fool by Numbers
- Defense Contractors Under Attack?
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