Lockheed Martin 2007 Annual Report Download - page 71

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Lockheed Martin Corporation
Consolidated Balance Sheet
December 31,
(In millions) 2007 2006
Assets
Current assets
Cash and cash equivalents $ 2,648 $ 1,912
Short-term investments 333 381
Receivables 4,925 4,595
Inventories 1,718 1,657
Deferred income taxes 756 900
Other current assets 560 719
Total current assets 10,940 10,164
Property, plant and equipment, net 4,320 4,056
Goodwill 9,387 9,250
Purchased intangibles, net 463 605
Prepaid pension asset 313 235
Deferred income taxes 760 1,487
Other assets 2,743 2,434
$28,926 $28,231
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 2,163 $ 2,221
Customer advances and amounts in excess of costs incurred 4,254 3,856
Salaries, benefits and payroll taxes 1,544 1,584
Current maturities of long-term debt 104 34
Other current liabilities 1,806 1,858
Total current liabilities 9,871 9,553
Long-term debt, net 4,303 4,405
Accrued pension liabilities 1,192 3,025
Other postretirement benefit liabilities 928 1,496
Other liabilities 2,827 2,868
Stockholders’ equity
Common stock, $1 par value per share 409 421
Additional paid-in capital —755
Retained earnings 11,247 9,269
Accumulated other comprehensive loss (1,851) (3,561)
Total stockholders’ equity 9,805 6,884
$28,926 $28,231
See accompanying Notes to Consolidated Financial Statements.
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