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Lockheed Martin Financial Statement Analysis

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Submitted By Donna1217
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Lockheed Martin, Fiscal Year 2012
Donna K Falkenburg
Professor Susan Lightweis
Accounting 206 – Accounting II
6/02/2013

Lockheed Martin is a publicly traded, global security and aerospace company formed in 1995. They are principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. They are also known to provide a broad range of management, engineering, technical, scientific, logistic, and information systems. They serve both domestic and international customers with products and services that have defense, civil, and commercial applications. Their principal customers are the agencies of the U.S. Government. In 2012, 82% of their $47.2 billion in net sales were from the U.S. Government, in which they were a prime contractor or as a subcontractor. This includes 61% from the Department of Defense (DOD), 17% were from international customers, which includes foreign military sales (FMS) that were contracted through the U.S. Government), and 1% were from the U.S. commercial and other customers. Lockheed Martin’s main areas of focus includes defense, space, intelligence, homeland security, and information technology which includes cyber security. The organizational governance and structure of Lockheed Martin include a Board of Directors which is made up of ten (10) Executive officers. The positions range from Chairman which is held by Robert J. Stevens, to executive vice presidents. Some of the executives hold several other positions as well. The cash flow for Lockheed Martin, which is shown in the millions for the year of 2012 is as follows:
CASH FLOW DATA
Net cash provided by operating activities $ 1,561
Net cash used for investing activities (1,222)
Net cash used for financing activities (2,023) The decrease in Lockheed Martin’s net cash that were…...

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