Lockheed Martin 2008 Annual Report Download - page 71

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Lockheed Martin Corporation
Consolidated Statement of Earnings
Year ended December 31,
(In millions, except per share data) 2008 2007 2006
Net Sales
Products $34,809 $35,267 $33,863
Services 7,922 6,595 5,757
42,731 41,862 39,620
Cost of Sales
Products 30,874 31,479 30,572
Services 7,147 5,874 5,118
Unallocated Corporate Costs 61 275 496
38,082 37,628 36,186
4,649 4,234 3,434
Other Income (Expense), Net 482 293 336
Operating Profit 5,131 4,527 3,770
Interest Expense 341 352 361
Other Non-operating Income (Expense), Net (88) 193 183
Earnings Before Income Taxes 4,702 4,368 3,592
Income Tax Expense 1,485 1,335 1,063
Net Earnings $ 3,217 $ 3,033 $ 2,529
Earnings Per Common Share
Basic $ 8.05 $ 7.29 $ 5.91
Diluted $ 7.86 $ 7.10 $ 5.80
See accompanying Notes to Consolidated Financial Statements.
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