1995 Annual Report - Lockheed Martin

Lockheed Martin CorporationC o n s o l i d a t e d S t a t e m e n t o fS t o c k h o l d e r s ' E q u i t y(In millions)Balance at December 31, 1992Net earningsPreferred stock issuedDividends declared on preferredstock ($2.25 per share)Dividends declared on commonstock ($1.09 per share)Stock awards and options, andESOP activityPreferredStock$ ——1,000———CommonStock$195————3AdditionalPaid-in RetainedCapital Earnings$582————107$3,136829—(45)(215)16UnearnedESOPShares$ ——————Guarantee Totalof ESOP Stockholders'Obligations Equity$(431)————24$3,4828291,000(45)(215)150Balance at December 31, 1993Earnings before cumulative effectof change in accountingCumulative effect of change inaccountingDividends declared on preferredstock ($3.00 per share)Dividends declared on commonstock ($1.14 per share)Stock awards and options, andESOP activity1,000—————198————1689————453,721 —1,055 —(37) (350)(60) —(214) —5 33(407)—407———5,2011,05520(60)(214)84Balance at December 31, 1994Net earningsDividends declared on preferredstock ($3.00 per share)Dividends declared on commonstock ($1.34 per share)Repurchases of common stockStock awards and options, andESOP activity1,000—————199———(2)2734———(148)974,470682(60)(254)——(317) —— ————30————6,086682(60)(254)(150)129Balance at December 31, 1995$1,000$199$683$4,838$ (287)$ —$6,433See accompanying Notes to Consolidated Financial Statements.