Discontinued — last reported Q4 '22
Missiles and Fire Control — Amortization of purchased intangibles
Lockheed Martin Missiles and Fire Control — Amortization of purchased intangibles increased by 500.0% to $4.00M in Q4 2022 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $4.00M to $4.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in this metric typically reflects recent acquisition activity within the segment, while a stable or decreasing trend suggests that the amortization period for older acquisitions is concluding or that no new significant intangible assets have been added. High levels of amortization relative to segment operating income can mask the underlying cash-generating efficiency of the business unit.
Detailed definition
This metric represents the non-cash expense recognized over the useful life of intangible assets acquired through busine...
Peer comparison
This is a standard accounting adjustment found in most large-cap defense contractors that utilize an M&A growth strategy; it is comparable to 'Amortization of Acquired Intangibles' reported by peers like Raytheon or Northrop Grumman.
lmt_segment_mfc_amortization_of_purchased_intangiblesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | $0.00 | -$1.00M | $4.00M | -$1.00M | $0.00 | -$1.00M | $4.00M |
| QoQ Change | — | — | +500.0% | -125.0% | +100.0% | — | +500.0% |
| YoY Change | — | — | — | — | — | +0.0% | +0.0% |
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Frequently Asked Questions
- What is Lockheed Martin's missiles and fire control — amortization of purchased intangibles?
- Lockheed Martin (LMT) reported missiles and fire control — amortization of purchased intangibles of $4.00M in Q4 2022.
- How has Lockheed Martin's missiles and fire control — amortization of purchased intangibles changed year-over-year?
- Lockheed Martin's missiles and fire control — amortization of purchased intangibles decreased by 0.0% year-over-year, from $4.00M to $4.00M.
- What does missiles and fire control — amortization of purchased intangibles mean?
- The annual non-cash expense related to the gradual write-down of intangible assets acquired through past business acquisitions within the Missiles and Fire Control segment.