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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 18.1B | 5.4% |
Gross Profit | 2.13B | 6.9% |
Cost of Revenue | 16B | 5.2% |
Operating expense | 16B | 16352.6% |
Net Income | 1.64B | 6.2% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 55.1B | 0.2% |
Total Liabilities | 48.9B | 1.2% |
Total Equity | 6.18B | 7.1% |
Shares Outstanding | 239M | 0.7% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.88B | 14.7% |
Cash from investing | -372M | 0% |
Cash from financing | -1.77B | 2183.5% |
EPS
Financial Highlights for Lockheed Martin in Q2 '24
Lockheed Martin reported a revenue of 18.1B, which is a 5.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.13B, marking a 6.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 16B, a 5.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 16B, showing a 16352.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.64B, showing a 6.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Lockheed Martin with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.