1995 Annual Report - Lockheed Martin

Lockheed Martin CorporationC o n s o l i d a t e d B a l a n c e S h e e t(In millions)AssetsCurrent assets:Cash and cash equivalentsReceivablesInventoriesDeferred income taxesOther current assetsTotal current assets1995$ 6533,8762,8045802648,177December 31,1994$ 6393,4733,1595063668,143Property, plant and equipmentIntangible assets related to contracts and programs acquiredCost in excess of net assets acquiredOther assetsLiabilities and Stockholders' EquityCurrent liabilities:Accounts payableCustomer advances and amounts in excess of costs incurredSalaries, benefits and payroll taxesIncome taxesCurrent maturities of long-term debtOther current liabilitiesTotal current liabilitiesLong-term debtPost-retirement benefit liabilitiesOther liabilities3,1651,8082,8171,681$17,648$ 7871,5705672927221,3535,2913,0101,7781,1363,4551,9712,8311,649$18,049$ 1,3061,872767862851,3195,6353,5941,756978Stockholders' equity:Series A preferred stock, $50 liquidation preference per shareCommon stock, $1 par value per shareAdditional paid-in capitalRetained earningsUnearned ESOP sharesTotal stockholders' equity1,0001996834,838(287)6,433$17,6481,0001997344,470(317)6,086$18,049See accompanying Notes to Consolidated Financial Statements.