Lockheed Martin Cash Flow Statement
NYSE: LMTIndustrialsMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lockheed Martin free cash flow
In fiscal 2025, Lockheed Martin generated $8.56 billion of operating cash flow and spent $1.65 billion on capital expenditures. That left free cash flow of $6.91 billion, a free-cash-flow margin of 9.2% of revenue. Free cash flow was up 30.7% from the prior year's $5.29 billion.
Lockheed Martin returned $6.13 billion to shareholders: $3.13 billion in dividends and $3.00 billion in share repurchases, equal to 89% of free cash flow. Free cash flow covered dividend payments 2.2 times.
Summary generated from market data by MetaCap's automated system. Methodology
Lockheed Martin cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.02B | 5.34B | 6.92B | 5.73B | 6.32B | 6.83B | 6.23B | 5.05B | 1.96B | 5.17B |
| Net Income growth (YoY) | -5.98% | -22.89% | +20.73% | -9.23% | -7.58% | +9.68% | +23.46% | +157.06% | -62.05% | +43.50% |
| Depreciation & Amortization | 1.69B | 1.56B | 1.43B | 1.40B | 1.36B | 1.02B | 906.00M | 1.16B | 1.20B | 1.17B |
| Stock-Based Compensation | 304.00M | 277.00M | 265.00M | 238.00M | 227.00M | 221.00M | 189.00M | 173.00M | 158.00M | 149.00M |
| Change in Working Capital | 724.00M | -185.00M | 1.18B | 1.01B | 1.04B | 552.00M | -1.05B | 79.00M | -817.00M | 420.00M |
| Operating Cash Flow | 8.56B | 6.97B | 7.92B | 7.80B | 9.22B | 8.18B | 7.31B | 3.14B | 6.48B | 5.19B |
| Capital Expenditures | -1.65B | -1.69B | -1.69B | -1.67B | -1.52B | -1.77B | -1.48B | -1.28B | -1.18B | -1.06B |
| Investing Cash Flow | -1.98B | -1.79B | -1.69B | -1.79B | -1.16B | -2.01B | -1.24B | -1.07B | -1.15B | -985.00M |
| Dividends Paid | -3.13B | -3.06B | -3.06B | -3.02B | -2.94B | -2.76B | -2.56B | -2.35B | -2.16B | -2.05B |
| Share Repurchases | -3.00B | -3.70B | -6.00B | -7.90B | -4.09B | -1.10B | -1.20B | -1.49B | -2.00B | -2.10B |
| Debt Issued | 1.99B | 2.97B | 1.98B | 6.21B | 0 | 1.13B | 0 | 0 | 0 | 0 |
| Debt Repaid | -642.00M | -168.00M | -115.00M | -2.25B | -500.00M | -1.65B | -900.00M | -750.00M | 0 | -952.00M |
| Financing Cash Flow | -4.94B | -4.14B | -7.33B | -7.07B | -7.62B | -4.53B | -5.33B | -4.15B | -4.30B | -3.46B |
| Net Change in Cash | 1.64B | 1.04B | -1.10B | -1.06B | 444.00M | 1.65B | 742.00M | -2.09B | 1.02B | 747.00M |
| Free Cash Flow | 6.91B | 5.29B | 6.23B | 6.13B | 7.70B | 6.42B | 5.83B | 1.86B | 5.30B | 4.13B |
This table shows 10 annual periods of Lockheed Martin's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow LMT's reporting calendar. What is a cash flow statement?