2Q YTD Cash Flow Summary
4
Adjusted Earnings Per Share
Lockheed Martin defines adjusted earnings per share as GAAP earnings per share excluding the effect of the FAS/CAS pension adjustment.
Management uses these measures as an additional means to compare and forecast the company's operating performance before the effect of the
FAS/CAS pension adjustment and in comparison to that of other companies within our industry as an alternative to GAAP.
Definitions of Non-GAAP Measures
Continued
Chart 17
Reconciliation of Adjusted EPS
GAAP EPS Continuing Operations
Plus: Discontinued Operations
EPS Excluding Unusual Adjustment
Plus: FAS/CAS Adjustment
Adjusted EPS
2Q 2009
$1.87
0.01
$1.88
0.19
$2.07
2Q 2010
$1.96
0.26
$2.22
0.19
$2.41
July 27, 2010View entire presentation