2020 Annual Report FINANCIAL HIGHLIGHTS
Lockheed Martin Corporation 2020 Annual Report FINANCIAL HIGHLIGHTS In millions, except per share data 2020 2019 2018 Net Sales $ 65,398 $ 59,812 $ 53,762 Segment Operating Profit 7,152 6,574 5,877 Consolidated Operating Profit 8,644 8,545 7,334 Net Earnings From Continuing Operations 6,888 6,230 5,046 Net Earnings 6,833 6,230 5,046 Diluted Earnings Per Common Share Continuing Operations 24.50 21.95 17.59 Net Earnings 24.30 21.95 17.59 Cash Dividends Per Common Share 9.80 9.00 8.20 Average Diluted Common Shares Outstanding 281 284 287 Cash and Cash Equivalents $ 3,160 $ 1,514 $ 772 Total Assets 50,710 47,528 44,876 Total Debt, net 12,169 12,654 14,104 Total Equity 6,038 3,171 1,449 Common Shares Outstanding at Year-End 279 280 281 Net Cash Provided by Operating Activities $ 8,183 $ 7,311 $ 3,138 NOTE: For additional information regarding the amounts presented above, see the Form 10-K portion of this Annual Report. A reconciliation of Segment Operating Profit to Consolidated Operating Profit is included on the page preceding the back cover of this Annual Report. Dear Fellow Stockholders: James D. Taiclet Chairman, President and Chief Executive Officer In 2020, Lockheed Martin demonstrated our agility, resilience, and resolve in the face of the year’s many and varied geopolitical, business, and public health challenges. Through it all, we maintained the highest level of focus on our customers’ missions. We also developed a new strategic vision to accelerate the adoption of leading-edge network-centric technologies to help our nation and allies meet the heightened and evolving threats of the 21st century.
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