洛克希德马丁 2025年季度报告

company,” and “emerging growth company” in Rule 12b–2 of the Exchange Act.Large accelerated filer☒Accelerated filer☐Non–accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ There were234,295,953shares of our common stock, $1 par value per share, outstanding as of April17, 2025. For the Quarterly Period Ended March30, 2025Table of Contents PART I.FINANCIAL INFORMATION ITEM1.Financial Statements (Unaudited) ITEM4.Controls and Procedures PART II.OTHER INFORMATIONITEM1.Legal ProceedingsITEM1A.Risk FactorsITEM2.Unregistered Sales of Equity Securities and Use of ProceedsITEM5.Other InformationITEM6.Exhibits PART I.FINANCIAL INFORMATIONITEM1. Financial StatementsLockheed Martin Corporation NOTE 1-BASIS OF PRESENTATIONWe prepared these consolidated financial statements in accordance with U.S. generally accepted accounting GAAP for complete financial statements.In the opinion of management, these consolidated financial statements reflect all adjustments that are of a normalrecurring nature necessary for a fair presentation of our results of operations, financial condition, and cash flows for the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets andliabilities that are not readily apparent from other sources. Our actual results may differ materially from these estimates. Estimates inherent in the preparation of our consolidated financial statements include, but are not limited to, accountingfor sales and cost recognition; postretirement benefit plans; environmental liabilities and assets for the portion of the full year or future periods. Unless otherwise noted, we present all per share amounts cited in these consolidatedfinancial statements on a “per diluted share” basis. These consolidated financial statements should be read in conjunctionwith the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for theyear ended December 31, 2024 (2024 Form 10-K). We compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented. Our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units (RSUs) and performance stock units (PSUs) based on the treasury stock method. There werenosignificant anti-dilutive equity awardsduring the quarters ended March30, 2025 and March31, 2024. Basic and diluted weighted average common sharesoutstanding decreased in 2025 compared to 2024 due to share repurchases.See “Note 9-Stockholders’ Equity” for more information.NOTE 3-INFORMATION ON BUSINESS SEGMENTS Segment results exclude intersegment transactions as these activities are eliminated in consolidation and are notconsidered in assessing the performance of each segment. As described below, segment operating profit also excludesother transactions that are not part of management’s evaluation of segment operating performance, which are included in includes our share of earnings or losses from equity method investees as the operating activities of the equity method investees are closely aligned with the operations of our business segments. Business segment operating profit excludes the FAS/CAS pension operating adjustment described below, a portion of Government Cost Accounting Standards (CAS) or Federal Acquisition Regulations (FAR), and other items not consideredpart of management’s evaluation of segment operating performance such as a portion of management and administration costs, legal fees and settlements, stock-based compensation expense, changes in the fair value of assets and liabilitiesfor deferred compensation plans, retiree benefits, significant severance charges, significant asset impairments, gains orlosses from divestitures, intangible asset amortization expense, and other miscellaneous corporate activities. Collectivelythese items are included in “Unallocated items” to reconcile total segment to consolidated operating profit. See “Note10-Other” for a discussion related to certain factors that may impact the comparability of sales and operating profit of ourbusiness segments. sales and operating costs and expenses. Our consolidated financial statements must present pension and otherpostretirement benefit plan (expense) income calculated in accordance with Financial Accounting Standards (FAS) requirements under U.S. GAAP. The FAS/CAS pension operating adjustment represents the difference between CASpension cost included in segme