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: Business segment. 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

Aeronautics

28,618,000,000 US dollars

Missiles and Fire Control

12,682,000,000 US dollars

Rotary and Mission Systems

17,264,000,000 US dollars

Space

12,479,000,000 US dollars

is.operating_expenses

0 US dollars

Other income, net

negative 83,000,000 US dollars

Aeronautics costs (calculated)

26,095,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Missiles and Fire Control costs (calculated)

12,269,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Rotary and Mission Systems costs (calculated)

15,343,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Space costs (calculated)

11,253,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

negative 930,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

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.