Lockheed Martin 1996 Annual Report Download - page 85

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Note 17 — Summarized Consolidating Financial Information
The $5 billion of debt obligations issued by the Corporation in the second quarter of 1996 are fully and unconditionally guaranteed by Tactical
Systems. Pursuant to SEC disclosure requirements, summarized consolidating financial information follows:
(In millions)
Earnings Data
For the year ended December 31, 1996
Net sales
Earnings from operations
Net earnings
For the year ended December 31, 1995
Net sales
Earnings from operations
Net earnings
For the year ended December 31, 1994
Net sales
Earnings from operations
Net earnings
Cash Flows Data
For the year ended December 31, 1996
Net cash provided by (used for):
Operating activities
Investing activities
Financing activities
Net (decrease) increase in cash
and cash equivalents
Cash and cash equivalents:
Beginning of year
End of year
For the year ended December 31, 1995
Net cash provided by (used for):
Operating activities
Investing activities
Financing activities
Net increase (decrease) in cash
and cash equivalents
Cash and cash equivalents:
Beginning of year
End of year
For the year ended December 31, 1994
Net cash provided by (used for):
Operating activities
Investing activities
Financing activities
Net increase (decrease) in cash
and cash equivalents
Cash and cash equivalents:
Beginning of year
End of year
Lockheed
Martin (a)
$19,066
1,728
1,347
$19,516
1,060
682
$19,857
1,569
1,018 —
$ 931
(7,737)
6,101
(705)
640
$ (65)
$ 1,067
(370)
(678)
19
621
$ 640
$ 1,409
(349)
(762)
298
323
$ 621
Tactical
Systems (b)
$303
52
308
$ —
—
—
$ —
—
$353
(90)
(257)
6
—
$ 6
$ —
—
—
—
—
$ —
$ —
—
—
—
—
$ —
Non-
Guarantor
Entities
$9,152
597
575
$4,216
292
286
$3,580
241
189
$ 352
(202)
(104)
46
13
$ 59
$ 225
(329)
99
(5)
18
$ 13
$ 84
(153)
44
(25)
43
$ 18
Eliminations
$(1,646)
(96)
(883)
$ (879)
(70)
(286)
$ (531)
(31)
(189)
$
—
—
—
—
—
$
—
$
—
—
—
—
—
$
—
$
—
—
—
—
—
$
—
Consolidated
$26,875
2,281
1,347
$22,853
1,282
682
$22,906
1,779
1,018
$ 1,636
(8,029)
5,740
(653)
653
$ —
$ 1,292
(699)
(579)
14
639
$ 653
$ 1,493
(502)
(718)
273
366
$ 639
Lockheed Martin Corporation