Lockheed Martin 2013 Annual Report Download - page 66

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Lockheed Martin Corporation
Consolidated Balance Sheets
(in millions, except par value)
December 31,
2013 2012
Assets
Current assets
Cash and cash equivalents $ 2,617 $ 1,898
Receivables, net 5,834 6,563
Inventories, net 2,977 2,937
Deferred income taxes 1,088 1,269
Other current assets 813 1,188
Total current assets 13,329 13,855
Property, plant, and equipment, net 4,706 4,675
Goodwill 10,348 10,370
Deferred income taxes 2,850 4,809
Other noncurrent assets 4,955 4,948
Total assets $36,188 $ 38,657
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 1,397 $ 2,038
Customer advances and amounts in excess of costs incurred 6,349 6,503
Salaries, benefits, and payroll taxes 1,809 1,649
Current portion of long-term debt —150
Other current liabilities 1,565 1,815
Total current liabilities 11,120 12,155
Accrued pension liabilities 9,361 15,278
Other postretirement benefit liabilities 902 1,220
Long-term debt, net 6,152 6,158
Other noncurrent liabilities 3,735 3,807
Total liabilities 31,270 38,618
Stockholders’ equity
Common stock, $1 par value per share 319 321
Additional paid-in capital ——
Retained earnings 14,200 13,211
Accumulated other comprehensive loss (9,601) (13,493)
Total stockholders’ equity 4,918 39
Total liabilities and stockholders’ equity $36,188 $ 38,657
The accompanying notes are an integral part of these consolidated financial statements.
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