Lockheed Martin 2002 Annual Report Download - page 44

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FIFTY-ONE
Lockheed Martin Corporation
CONSOLIDATED STATEMENT OF OPERATIONS
Year Ended December 31,
(In millions, except per share data) 2002 2001 2000
NET SALES $26,578 $23,990 $24,541
Cost of sales 24,629 22,447 22,881
Earnings from operations 1,949 1,543 1,660
Other income and expenses, net (791) (710) (555)
1,158 833 1,105
Interest expense 581 700 919
Earnings from continuing operations before income taxes 577 133 186
Income tax expense 44 90 663
Earnings (loss) from continuing operations 533 43 (477)
Discontinued operations (33) (1,089) (42)
NET EARNINGS (LOSS)$500 $(1,046) $ (519)
EARNINGS (LOSS) PER COMMON SHARE:
Basic:
Continuing operations $ 1.20 $0.10 $ (1.19)
Discontinued operations (0.07) (2.55) (0.10)
$ 1.13 $(2.45) $ (1.29)
Diluted:
Continuing operations $ 1.18 $0.10 $ (1.19)
Discontinued operations (0.07) (2.52) (0.10)
$ 1.11 $(2.42) $ (1.29)
See accompanying Notes to Consolidated Financial Statements.