Lockheed Martin 1996 Annual Report Download - page 84

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Notes to Consolidated Financial Statements
Continued
Net Sales By Customer Category
Export sales were $4.7 billion, $3.7 billion and $3.6 billion in
1996, 1995 and 1994, respectively.
(In millions,
except per share data)
Net sales
Earnings (loss)
from operations
Net earnings (loss)
Earnings (loss) per common
share, assuming full dilution
First(c)
$5,644
290
137
.62
1995 Q
Second(c)
$5,606
(55)
(53)
uarters
Third
$5,551
510
287
1.29
Fourth
$6,052
537
311
1.38
(a) Net sales and earnings for the second, third and fourth quarters of 1996 include the
operations of Tactical Systems (see Note 2).
(b) Earnings for the fourth quarter of 1996 include the effects of certain nonrecurring
items (see Notes 4 and 10).
(c) Earnings for the first and second quarters of 1995 include the effects of merger
related and consolidation expenses (see Note 4).
(d) Loss per common share, assuming full dilution, of $.24 has not been presented above
as such amount was anti-dilutive when compared to the loss per common share,
assuming no dilution, of $.36.
(a) Sales made to foreign governments through the U.S. Government are included in sales
to foreign governments.
(In millions)
Expenditures for property,
plant and equipment
Space & Strategic Missiles
Electronics
Information & Services
Aeronautics
Energy, Materials and Other
1996
$264
213
104
75
81
$737
1995
$165
100
63
58
114
$500
1994
$175
102
66
96
70
$509
Identifiable assets
Space & Strategic Missiles
Electronics
Information & Services
Aeronautics
Energy, Materials and Other
$ 3,758
11,363
6,111
4,201
3,824
$29,257
$ 3,750
3,869
2,679
3,827
3,433
$17,558
$ 4,222
3,386
2,375
4,316
3,680
$17,979
(In millions)
U.S. Government (a)
Space & Strategic Missiles
Electronics
Information & Services
Aeronautics
Energy, Materials and Other
1996
$ 6,401
4,469
3,860
3,830
154
$18,714
1995
$ 6,315
2,282
2,731
4,274
168
$15,770
1994
$ 5,815
2,793
2,834
4,970
152
$16,564
Foreign governments
Space & Strategic Missiles
Electronics
Information & Services
Aeronautics
Energy, Materials and Other
$ 38
1,668
140
1,466
—
$3,312
$ Il2
832
77
1,966
—
$2,987
$ 290
1,035
157
1,958
—
$3,440
Commercial
Space & Strategic Missiles
Electronics
Information & Services
Aeronautics
Energy, Materials and Other
$1,465
568
1,863
300
653
$4,849
$1,386
259
1,349
377
725
$4,096
$ 837
212
1,072
163
618
$2,902
(In millions,
except per share data)
Net sales
Earnings from
operations
Net earnings
Earnings per common
share, assuming
full dilution
First
$5,109
472
272
1.22
1996 Quarters
Second(a)
$7,076
693
299
1.33
Third(a)
Fourth(a)(b)
$7,028 $7,662
675 441
311 465
1.38 2.11
Note 16 — Summary of Quarterly
Information (Unaudited)