Lockheed Martin 2005 Annual Report Download - page 46

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   
Lockheed฀Martin฀Corporation
CONSOLIDATED฀STATEMENT฀OF฀EARNINGS
Year฀Ended฀December฀31,
(In฀millions,฀except฀per฀share฀data)  2004 2003

Products  $30,202 $27,290
Services  5,324 4,534
 35,526 31,824

Products  27,879 25,306
Services  4,765 4,099
Unallocated฀Corporate฀costs  914 443
 33,558 29,848
 1,968 1,976
Other฀income฀and฀expenses,฀net  121 43
Operating฀profit  2,089 2,019
Interest฀expense  425 487
Earnings฀before฀taxes  1,664 1,532
Income฀tax฀expense  398 479
   $฀ 1,266 $฀ 1,053

฀ Basic   $฀ 2.86 $฀ 2.36
฀ Diluted฀   $฀ 2.83 $฀ 2.34
See฀accompanying฀Notes฀to฀Consolidated฀Financial฀Statements.