LOCKHEED MARTIN CORPORATION (LMT) FY2024 Annual P&L / Income Statement

LOCKHEED MARTIN CORPORATION (LMT) FY2024 Annual P&L / Income Statement

Income statement for 2024-01-01 through 2024-12-31. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total net sales

71,043,000,000 US dollars

Total cost of sales

64,113,000,000 US dollars

Gross profit

6,930,000,000 US dollars

Operating costs, net of other operating income (calculated)

negative 83,000,000 US dollars

Operating profit

7,013,000,000 US dollars

Other income (expense), net (calculated)

negative 793,000,000 US dollars

Earnings before income taxes

6,220,000,000 US dollars

Income tax expense

884,000,000 US dollars

Net earnings

5,336,000,000 US dollars

Fixed-price

42,728,000,000 US dollars

Cost-reimbursable

28,315,000,000 US dollars

is.operating_expenses

0 US dollars

Other income, net

negative 83,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.