Lockheed Martin 2015 Annual Report Download - page 77
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Lockheed Martin Corporation
Consolidated Balance Sheets
(in millions, except par value)
December 31,
2015 2014
Assets
Current assets
Cash and cash equivalents $ 1,090 $ 1,446
Receivables, net 8,061 5,877
Inventories, net 4,962 2,804
Deferred income taxes 1,463 1,451
Other current assets 622 744
Total current assets 16,198 12,322
Property, plant and equipment, net 5,490 4,751
Goodwill 13,576 10,862
Intangible assets 4,147 324
Deferred income taxes 4,470 4,013
Other noncurrent assets 5,247 4,774
Total assets $ 49,128 $ 37,046
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 1,974 $ 1,562
Customer advances and amounts in excess of costs incurred 6,988 5,775
Salaries, benefits and payroll taxes 1,916 1,824
Current maturities of long-term debt 956 —
Other current liabilities 2,223 1,951
Total current liabilities 14,057 11,112
Accrued pension liabilities 11,807 11,413
Other postretirement benefit liabilities 1,070 1,102
Long-term debt, net 14,305 6,142
Other noncurrent liabilities 4,792 3,877
Total liabilities 46,031 33,646
Stockholders’ equity
Common stock, $1 par value per share 303 314
Additional paid-in capital ——
Retained earnings 14,238 14,956
Accumulated other comprehensive loss (11,444) (11,870)
Total stockholders’ equity 3,097 3,400
Total liabilities and stockholders’ equity $ 49,128 $ 37,046
The accompanying notes are an integral part of these consolidated financial statements.
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