Lockheed Martin Corporation 2010 Annual Report
Lockheed Martin Corporation 2010 Annual Report Littoral Combat Ship: Freedom At Sea 2010 FINANCIAL HIGHLIGHTS (In millions, except per share data) 2010 2009 2008 Net Sales $ 45,803 $ 43,995 $ 41,372 Segment Operating Profit 5,076 5,104 4,888 Consolidated Operating Profit 4,097 4,415 5,049 Earnings From Continuing Operations 2,645 2,999 3,167 Net Earnings 2,926 3,024 3,217 Earnings Per Diluted Share Continuing Operations 7.18 7.71 7.74 Net Earnings 7.94 7.78 7.86 Cash Dividends Per Common Share 2.64 2.34 1.83 Average Diluted Common Shares Outstanding 368 389 409 Cash, Cash Equivalents and Short-Term Investments $ 2,777 $ 2,737 $ 2,229 Total Assets 35,067 35,111 33,439 Total Debt 5,019 5,052 3,805 Stockholders’ Equity 3,708 4,129 2,865 Common Shares Outstanding at Year-End 346 373 393 Net Cash Provided by Operating Activities 3,547 3,173 4,421 Return on Invested Capital 17.9% 19.9% 21.7% NOTE: For additional information regarding matters affecting the comparability of the information presented above, refer to Selected Financial Data, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and the Consolidated Financial Statements in our 2010 Annual Report on Form 10-K. For additional information concerning return on invested capital, including its definition and use, refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations in our 2010 Annual Report on Form 10-K. DEAR FELLOW SHAREHOLDERS, Thanks to the solid execution of our business strategy in 2010 and the efforts of the dedicated professionals who work for this industry-leading enterprise, we can confidently report that Lockheed Martin remains on course both operationally and financially.
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