1995 Annual Report - Lockheed Martin

C o n s o l i d a t e d S t a t e m e n t o f E a r n i n g sLockheed Martin Corporation(In millions, except per share data)Net salesCosts and expenses:Cost of salesMerger related and consolidation expensesEarnings from operationsOther income and expenses, netInterest expenseEarnings before income taxes and cumulative effectof change in accountingIncome tax expenseEarnings before cumulative effect of change in accountingCumulative effect of change in accountingNet earningsEarnings per common share:Assuming no dilution:Before cumulative effect of change in accountingCumulative effect of change in accountingAssuming full dilution:Before cumulative effect of change in accountingCumulative effect of change in accountingYear Ended December 311995 1994$22,85320,8816901,282951,3772881,089407682$ 682$ 3.28$ 3.28$ 3.05$ 3.05$22,90621,1271,7792001,9793041,6756201,055(37)$ 1,018$ 5.32(.20)$ 5.12$ 4.83(.17)$ 4.661993$22,397$$%$$20,8571,540441,5842781,3064778298293.993.993.753.7558See accompanying Notes to Consolidated Financial Statements.