Lockheed Martin (Lockheed Martin) Cash, Cash Equivalents, Marketable Securities

: $1,442 Mil (As of Dec. 2023)

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Lockheed Martin's quarterly cash, cash equivalents, marketable securities declined from Jun. 2023 ($3,673.00 Mil) to Sep. 2023 ($3,551.00 Mil) but then stayed the same from Sep. 2023 ($3,551.00 Mil) to Dec. 2023 ($1,442.00 Mil).

Lockheed Martin's annual cash, cash equivalents, marketable securities declined from Dec. 2021 ($3,604.00 Mil) to Dec. 2022 ($2,547.00 Mil) and declined from Dec. 2022 ($2,547.00 Mil) to Dec. 2023 ($1,442.00 Mil).

Lockheed Martin Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Lockheed Martin's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lockheed Martin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash, Cash Equivalents, Marketable Securities

1,514.00

3,160.00

3,604.00

2,547.00

1,442.00

Lockheed Martin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash, Cash Equivalents, Marketable Securities																2,547.00	2,440.00	3,673.00	3,551.00	1,442.00

Lockheed Martin Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Lockheed Martin (NYSE:LMT) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Lockheed Martin Cash, Cash Equivalents, Marketable Securities Related Terms

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Lockheed Martin (Lockheed Martin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lockheed Martin Corp (NYSE:LMT) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

LMT:Mexico 1LMT:Italy LOM:Germany LOM:Germany LOM:Germany LMTB34:Brazil LMT:Austria LMT:Argentina

Address

6801 Rockledge Drive, Bethesda, MD, USA, 20817

Website

https://www.lockheedmartin.com

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

Executives

John Donovan	director	208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Stephanie C. Hill	officer: Executive Vice President	55 WATER STREET, NEW YORK NY 10041
Timothy S Cahill	officer: Executive Vice President	6802 ROCKLEDGE DRIVE, BETHESDA MD 20817
St John Frank A	officer: Executive Vice President	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Gregory M Ulmer	officer: Acting Executive Vice Pres.	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Paul Harry Edward Iii	officer: Vice President & Controller	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Evan T Scott	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John W Mollard	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Brian P Colan	officer: VP & Controller	6801 ROCKLEDGE DR, BETHESDA MD 20817
Maryanne Lavan	officer: SVP & General Counsel	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Jesus Jr Malave	officer: Chief Financial Officer	L3HARRIS TECHNOLOGIES INC, 1025 WEST NASA BOULEVARD, MELBOURNE FL 32919
Lightfoot Robert M Jr	officer: Executive Vice President	6801 ROCKLEDGE DR, BETHESDA MD 20817
Patricia E Yarrington	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Kenneth R Possenriede	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817