The corporate assets in the financial report show cash flow. Lockheed Martin presents cash on the financial instrument table. The cash flow is presented at fair value. The income held by the company as of December 2023 was $6.2 billion. However, as of December 2022, it was $6.1 billion in cash, and cash equivalent was held outside the US in their foreign subsidiaries. This showed a solid finish to 2023, and full-year results reflect continued strong demand for a domain portfolio of advanced defense tech solutions. The notes to financial statements note that although the cash flow equivalent has no restrictions, the company cannot use the money immediately unless it is for repatriation. Lockheed Martin's intention with foreign cash flow is to reinvest. Management makes this decision because if the company receives the money, it would be available for tax, resulting in a significant loss of cash.

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Lockheed Martins Cash Flow Strategy Reinvestment for Tax Optimization The passage describes Lockheed Martins cash flow strategy highlighting their pre... View the full answer