Lockheed Martin 2023 10-K Filed: Key Financials Revealed
Ticker: LMT · Form: 10-K · Filed: 2024-01-23T00:00:00.000Z
Sentiment: neutral
Topics: earnings, annual-report, financial-performance
TL;DR
**LMT's 2023 10-K is out, giving a full financial picture for the past year.**
AI Summary
Lockheed Martin Corp. filed its 10-K on January 23, 2024, for the fiscal year ending December 31, 2023. This filing provides a comprehensive overview of the company's financial performance and operational status, including details on its product and service revenues for 2023, 2022, and 2021. Investors should pay close attention to the trends in product and service revenues, as these indicate the company's ability to secure and execute large defense contracts, which directly impacts its profitability and future growth prospects.
Why It Matters
This filing offers a detailed look into Lockheed Martin's financial health and operational performance, crucial for investors to assess the company's stability and growth potential in the defense sector.
Risk Assessment
Risk Level: medium — The defense industry faces geopolitical risks and government budget fluctuations, which can impact Lockheed Martin's contract awards and revenue.
Analyst Insight
Investors should review the detailed financial statements within the full 10-K to understand the specific revenue breakdowns for products and services, and analyze the trends over the past three years (2021-2023) to project future performance.
Key Numbers
- 2023-12-31 — Fiscal Year End Date (The period covered by this 10-K filing.)
- 2024-01-23 — Filing Date (The date the 10-K was officially filed with the SEC.)
- 0000936468 — Central Index Key (CIK) (Unique identifier for Lockheed Martin Corp. in SEC filings.)
- 107 — Public Document Count (Number of documents included in this filing.)
- 001-11437 — SEC File Number (The SEC file number for Lockheed Martin Corp.)
Key Players & Entities
- LOCKHEED MARTIN CORP (company) — the filer of the 10-K
- January 23, 2024 (date) — the filing date of the 10-K
- December 31, 2023 (date) — the fiscal year end date for the report
- 0000936468 (other) — Central Index Key (CIK) for Lockheed Martin Corp.
- 6801 ROCKLEDGE DR (other) — Lockheed Martin's business address
Forward-Looking Statements
- Lockheed Martin will continue to see stable product and service revenues in 2024, consistent with the trends observed in 2021-2023. (LOCKHEED MARTIN CORP) — medium confidence, target: 2024-12-31
FAQ
What is the filing date of this 10-K for Lockheed Martin Corp.?
The 10-K for Lockheed Martin Corp. was filed on January 23, 2024.
What fiscal period does this 10-K report cover?
This 10-K reports on the fiscal period ending December 31, 2023.
What is Lockheed Martin Corp.'s Central Index Key (CIK) according to this filing?
Lockheed Martin Corp.'s CIK is 0000936468.
What is the business address listed for Lockheed Martin Corp. in this filing?
The business address listed is 6801 ROCKLEDGE DR, BETHESDA, MD 20817.
What type of industry classification does Lockheed Martin Corp. fall under?
Lockheed Martin Corp. is classified under GUIDED MISSILES & SPACE VEHICLES & PARTS [3760].
From the Filing
0000936468-24-000010.txt : 20240123 0000936468-24-000010.hdr.sgml : 20240123 20240123161708 ACCESSION NUMBER: 0000936468-24-000010 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 107 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11437 FILM NUMBER: 24552857 BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 10-K 1 lmt-20231231.htm 10-K lmt-20231231 false FY 0000936468 2023 P5Y P2Y P3Y http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent P8Y P8Y P1Y http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 0000936468 2023-01-01 2023-12-31 0000936468 2023-06-25 iso4217:USD 0000936468 2024-01-19 xbrli:shares 0000936468 us-gaap:ProductMember 2023-01-01 2023-12-31 0000936468 us-gaap:ProductMember 2022-01-01 2022-12-31 0000936468 us-gaap:ProductMember 2021-01-01 2021-12-31 0000936468 us-gaap:ServiceMember 2023-01-01 2023-12-31 0000936468 us-gaap:ServiceMember 2022-01-01 2022-12-31 0000936468 us-gaap:ServiceMember 2021-01-01 2021-12-31 0000936468 2022-01-01 2022-12-31 0000936468 2021-01-01 2021-12-31 iso4217:USD xbrli:shares 0000936468 2023-12-31 0000936468 2022-12-31 0000936468 2021-12-31 0000936468 2020-12-31 0000936468 us-gaap:CommonStockMember 2020-12-31 0000936468 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0000936468 us-gaap:RetainedEarningsMember 2020-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-12-31 0000936468 us-gaap:ParentMember 2020-12-31 0000936468 us-gaap:NoncontrollingInterestMember 2020-12-31 0000936468 us-gaap:RetainedEarningsMember 2021-01-01 2021-12-31 0000936468 us-gaap:ParentMember 2021-01-01 2021-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-01-01 2021-12-31 0000936468 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0000936468 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-12-31 0000936468 us-gaap:NoncontrollingInterestMember 2021-01-01 2021-12-31 0000936468 us-gaap:CommonStockMember 2021-12-31 0000936468 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000936468 us-gaap:RetainedEarningsMember 2021-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000936468 us-gaap:ParentMember 2021-12-31 0000936468 us-gaap:NoncontrollingInterestMember 2021-12-31 0000936468 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000936468 us-gaap:ParentMember 2022-01-01 2022-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000936468 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0000936468 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000936468 us-gaap:CommonStockMember 2022-12-31 0000936468 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000936468 us-gaap:RetainedEarningsMember 2022-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000936468 us-gaap:ParentMember 2022-12-31 0000936468 us-gaap:NoncontrollingInterestMember 2022-12-31 0000936468 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000936468 us-gaap:ParentMember 2023-01-01 2023-12-31 0000936468 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000936468 us-gaap:Comm