LOCKHEED MARTIN CORP [LMT] has reported a net loss of $6.9 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $67.6 billion
Based in Bethesda, Maryland, LOCKHEED MARTIN CORP operates in the MANUFACTURING sector.
Consolidated Statements of Earnings - USD ($) in Millions for the 12 Months Ended December 31, 2023, 2022, 2021:
Net Sales:
- The total net sales for the current period in 2023 amounted to $67,571 million, showing a slight increase compared to $65,984 million in the previous year 2022 and $67,044 million in 2021.
Cost of Sales:
- The total cost of sales for the current period in 2023 was $59,092 million, higher than the $57,697 million in the previous year 2022 and $57,983 million in 2021.
Gross Profit:
- The gross profit for the current period in 2023 stood at $8,479 million, slightly higher than the $8,287 million in 2022 and lower than $9,061 million in 2021.
Operating Profit:
- The operating profit for the current period in 2023 was $8,507 million, compared to $8,348 million in 2022 and $9,123 million in 2021.
Net Earnings:
- The net earnings for the current period in 2023 amounted to $6,920 million, showing an increase from $5,732 million in the previous year 2022 and $6,315 million in 2021.
Earnings per Common Share:
- The basic earnings per share for the current period in 2023 were $27.65, higher than $21.74 in 2022 and $22.85 in 2021.
- The diluted earnings per share for the current period in 2023 were $27.55, higher than $21.66 in 2022 and $22.76 in 2021.
Products Segment:
- Net sales in the Products segment for the current period in 2023 amounted to $56,265 million, showing a slight increase from $55,466 million in 2022 and $56,435 million in 2021.
Services Segment:
- Net sales in the Services segment for the current period in 2023 reached $11,306 million, higher than $10,518 million in 2022 and $10,609 million in 2021.
Cost of Sales (Services Segment):
- The total cost of sales in the Services segment for the current period in 2023 was $(10,027) million, higher than $(9,252) million in 2022 and $(9,434) million in 2021.
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