Lockheed Martin 2002 Annual Report Download - page 2

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Lockheed Martin Corporation
2002 FINANCIAL HIGHLIGHTS
On the Cover: Photo Composite of F/A-22 Over New York
(In millions, except per share data and number of employees) 2002 2001 2000
Net sales $26,578 $23,990 $24,541
Operating profit 1,158 833 1,105
Earnings (loss) from continuing operations 533 43 (477)
Unusual items, net 632 651 951
Adoption of FAS 142 —236 268
Adjusted earnings from continuing operations 1,165 930 742
Net earnings (loss) 500 (1,046) (519)
Diluted earnings (loss) per share 1.11 (2.42) (1.29)
Average diluted common shares outstanding 452.0 432.5 400.8
Net cash provided by operating activities 2,288 1,825 2,016
Cash dividends per common share 0.44 0.44 0.44
Cash and cash equivalents 2,738 912 1,505
Total assets 25,758 27,654 30,426
Total debt 7,582 7,511 9,959
Stockholders’ equity 5,865 6,443 7,160
Negotiated backlog $70,385 $71,269 $55,076
Employees 125,000 125,000 130,000
NOTE: For a discussion of unusual items, the adoption of FAS 142 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 26 through 48 of this Annual Report.