洛克希德马丁 2025年季度报告

PART I.FINANCIAL INFORMATION ITEM1.Financial Statements (Unaudited)Consolidated Statements of Earnings for the Quarters Ended March30, 2025 and March31,2024Consolidated Statements of Comprehensive Income for the Quarters Ended March30, 2025and March31, 2024 Consolidated Balance Sheets as of March 30, 2025 and December31, 20245Consolidated Statements of Cash Flows for the Three Months Ended March30, 2025 and PART II.OTHER INFORMATION ITEM1.Legal Proceedings40ITEM1A.Risk Factors40ITEM2.Unregistered Sales of Equity Securities and Use of Proceeds41ITEM5.Other Information41ITEM6.Exhibits42 Lockheed Martin CorporationConsolidated Statements of Earnings Lockheed Martin CorporationConsolidated Statements of Equity NOTE 1-BASIS OF PRESENTATION We prepared these consolidated financial statements in accordance with U.S. generally accepted accountingprinciples (GAAP) for interim financial information, the instructions to Form 10-Q and Article 10 of U.S. Securities and 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 theinterim periods presented. The preparation of these consolidated financial statements requires us to make estimates andassumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We basethese estimates on historical experience and on various other assumptions that we believe are reasonable under thecircumstances, 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. We close our books and records on the last Sunday of each interim calendar quarter, which was on March 30 for thefirst quarter of 2025 and March 31 for the first quarter of 2024, to align our financial closing with our business processes. The results of operations for the interim periods presented are not necessarily indicative of results to be expected forthe 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 conjunction NOTE 2-EARNINGS PER COMMON SHARE The weighted average number of shares outstanding used to compute earnings per common share were as follows(inmillions): We compute basic and diluted earnings per common share by dividing net earnings by the respective weightedaverage number of common shares outstanding for the periods presented. Our calculation of diluted earnings percommon share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units (RSUs) andperformance stock units (PSUs) based on the treasury stock method. There werenosignificant anti-dilutive equity awards NOTE 3-INFORMATION ON BUSINESS SEGMENTS Our operations are organized intofourbusiness segments, which also comprise our reportable segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. We generally organize our Our chief operating decision maker (CODM) consists of the Chairman, President and Chief Executive Officer andthe Chief Operating Officer. The CODM is responsible for allocating resources and assessing the performance of ourconsolidated enterprise and business segments. The profitability measure the CODM uses to allocate resources and Operating profit by segment includes certain immaterial items, such as other income (primarily equity earnings) that are notpresented separately in the table. Accordingly, the difference between sales less operating costs and expenses may not equaloperating profit by segment. 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 Table of Contents Lockheed Martin CorporationNotes to Consolidated Financial Statements (unaudited) (continued) includes our share of earnings or losses from equity method investees as the operating activities of the equity methodinvestees are closely aligned with the operations of our business segments. Unallocated Items Business segment operating profit excludes the FAS/CAS pension operating adjustment described below, a portion ofcorporate costs not considered allowable or allocable to contracts with the U.S. Government under the applicable U.S.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 o