Lockheed Martin 2011 Annual Report Download - page 2

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2011 FINANCIAL HIGHLIGHTS
(In millions, except per share data) 2011 2010 2009
Net Sales $46,499 $45,671 $43,867
Segment Operating Profit 5,281 5,028 5,056
Consolidated Operating Profit 3,980 4,049 4,367
Net Earnings From Continuing Operations 2,667 2,614 2,967
Net Earnings 2,655 2,878 2,973
Diluted Earnings Per Common Share
Continuing Operations 7.85 7.10 7.63
Net Earnings 7.81 7.81 7.64
Cash Dividends Per Common Share 3.25 2.64 2.34
Average Diluted Common Shares Outstanding 340 368 389
Cash, Cash Equivalents and Short-Term Investments $ 3,585 $ 2,777 $ 2,737
Total Assets 37,908 35,113 35,167
Total Debt 6,460 5,019 5,052
Stockholders’ Equity 1,001 3,497 3,966
Common Shares Outstanding at Year-End 321 346 373
Net Cash Provided by Operating Activities $ 4,253 $ 3,801 $ 3,487
NOTE: For additional information regarding matters affecting the comparability of the information presented above, refer to
Item 6. Selected Financial Data, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations, and Item 8. Financial Statements and Supplementary Data in our 2011 Annual Report on Form 10-K.
On the Cover: F-35B: Proud to Serve the U.S. Marines
This F-35B Short-Takeoff/Vertical Landing (STOVL) aircraft makes its first landing on the USS WASP October 6, 2011.
Lockheed Martin is developing three variants of the 5th Generation F-35 combat aircraft for the U.S. Marine Corps, U.S.
Navy, U.S. Air Force, eight international partners, and two Foreign Military Sales customers.