Lockheed Martin 2007 Annual Report Download - page 2

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2007 FINANCIAL HIGHLIGHTS(a)
(In millions, except per share data) 2007 2006 2005
Net sales $41,862 $39,620 $37,213
Operating profit from business segments 4,691 4,031 3,421
Consolidated operating profit 4,527 3,770 2,853
Net earnings 3,033 2,529 1,825
Earnings per diluted share 7.10 5.80 4.10
Average diluted common shares outstanding 427.1 436.4 445.7
Net cash provided by operating activities $ 4,241 $ 3,783 $ 3,194
Cash dividends per common share 1.47 1.25 1.05
Cash, cash equivalents and short-term investments 2,981 2,293 2,673
Total assets 28,926 28,231 27,744
Total debt 4,407 4,439 4,986
Stockholders’ equity 9,805 6,884 7,867
Common shares outstanding at year-end 409 421 432
Debt-to-total-capital ratio 31% 39% 39%
Return on invested capital(b) 21.4% 19.2% 14.5%
NOTES:
(a) For a discussion of matters affecting the comparability of the information presented above, refer to Management’s
Discussion and Analysis of Financial Condition and Results of Operations in our 2007 Annual Report on Form 10-K.
(b) For additional information concerning return on invested capital, including its definition and use, see Note (g) to the
Consolidated Financial Data—Five Year Summary in the Annual Report on Form 10-K.