Lockheed Martin 2001 Annual Report Download - page 2

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(In millions, except per share data and number of employees) 2001 2000 1999
Net sales $23,990 $24,541 $24,999
Operating profit 888 1,251 1,997
Operating profit before amortization of goodwill and
other intangibles 1,286 1,674 2,435
Net (loss) earnings (1,046) (519) 382
Diluted (loss) earnings per share (2.42) (1.29) 0.99
Pro forma diluted earnings per share excluding
nonrecurring and unusual items:
From continuing operations 1.60 1.17 1.48
From discontinued operations (0.14) (0.10) 0.02
1.46 1.07 1.50
Cash dividends per common share 0.44 0.44 0.88
Total assets 27,654 30,426 30,261
Total debt 7,511 9,959 11,954
Stockholders’ equity 6,443 7,160 6,361
Negotiated backlog $71,269 $55,076 $44,807
Employees 125,000 130,000 147,000
Note: For a discussion of nonrecurring and unusual items and other matters affecting the comparability of the
information presented above, refer to Management’s Discussion and Analysis of Financial Condition
and Results of Operations on pages 21 through 41 of this Annual Report.
Financial Highlights
On The Cover: To carry out their critical missions, pilots require a Joint Strike Fighter that is an affordable, stealthy, and highly
capable multi-role combat aircraft for decades to come.