Essay about The Financial Statements Of Lockheed Martin Corporation
This paper will analyze the financial statements of Lockheed Martin Corporation for the fiscal years 2015 and 2014. Lockheed Martin Corporation is a Fortune 500 company, currently at number 60 (Lockheed Martin) that is a global security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services (Who We Are). The customer base for Lockheed Martin Corporation is primarily with the U.S. Department of Defense and U.S. federal government agencies. The annual report, Form 10-K, provides a comprehensive overview of the company’s business and financial condition (Fast Answers), the Form 10-K will provide the majority of the financial information for this paper.
Financial Statements Lockheed Martin Corporation’s Consolidated Statement of Earnings (Appendix A), Consolidated Balance Sheet (Appendix B), Consolidated Statement of Cash Flows (Appendix C), and Consolidated Statements of Stockholders’ Equity (Appendix D) can all be found in the annual Form 10-K financial statement. The fiscal year for Lockheed Martin Corporation end on December 31 of every year. An importatnt part about Lockheed Martin Corporation is that the corporation is a defense contract organization for the U.S. Government.
“We derived 78% of our total net sales from the U.S. Government in 2015, including 58% from the Department of…