Lumen Technologies (LUMN) Financials

$3.53 -0.04 (-1.12%)

As of 03:59 PM Eastern

Annual Income Statements for Lumen Technologies

This table shows Lumen Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	878	626	1,389	-1,733	-5,269	-1,232	2,033	-1,548	-10,298	-55
Consolidated Net Income / (Loss)	878	626	1,389	-1,733	-5,269	-1,232	2,033	-1,548	-10,298	-55
Net Income / (Loss) Continuing Operations	878	626	1,389	-1,733	-5,269	-1,232	2,033	-1,548	-10,298	-55
Total Pre-Tax Income	1,316	1,020	540	-1,563	-4,766	-782	2,701	-991	-10,237	-230
Total Operating Income	2,579	2,333	2,009	570	-2,726	962	4,285	95	-9,584	460
Total Gross Profit	10,122	9,696	9,453	12,581	12,324	11,778	11,199	9,610	7,413	6,405
Total Revenue	17,900	17,470	17,656	22,580	21,458	20,712	19,687	17,478	14,557	13,108
Operating Revenue	17,900	17,470	17,656	22,580	21,458	20,712	19,687	17,478	14,557	13,108
Total Cost of Revenue	7,778	7,774	8,203	9,999	9,134	8,934	8,488	7,868	7,144	6,703
Operating Cost of Revenue	7,778	7,774	8,203	9,999	9,134	8,934	8,488	7,868	7,144	6,703
Total Operating Expenses	7,543	7,363	7,444	12,011	15,050	10,816	6,914	9,515	16,997	5,945
Selling, General & Admin Expense	3,354	3,447	3,508	4,165	3,715	3,464	2,895	3,078	3,198	2,972
Depreciation Expense	4,189	3,916	3,936	5,120	4,829	4,710	4,019	3,239	2,985	2,956
Other Operating Expenses / (Income)	-	-	-	-	-	0.00	0.00	-113	121	17
Impairment Charge	-	0.00	0.00	2,726	6,506	2,642	0.00	3,271	10,693	0.00
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	40	0.00	0.00
Total Other Income / (Expense), net	-1,263	-1,313	-1,469	-2,133	-2,040	-1,744	-1,584	-1,086	-653	-690
Interest Expense	1,312	1,318	1,481	2,177	2,021	1,668	1,514	1,118	540	1,024
Other Income / (Expense), net	49	5.00	12	44	-19	-76	-70	32	-113	334
Income Tax Expense	438	394	-849	170	503	450	668	557	61	-175
Basic Earnings per Share	$1.58	$1.16	$2.21	($1.63)	($4.92)	($1.14)	$1.92	($1.54)	($10.48)	($0.06)
Weighted Average Basic Shares Outstanding	554.28M	539.55M	627.81M	1.07B	1.07B	1.08B	1.06B	1.01B	983.08M	987.68M
Diluted Earnings per Share	$1.58	$1.16	$2.21	($1.63)	($4.92)	($1.14)	$1.91	($1.54)	($10.48)	($0.06)
Weighted Average Diluted Shares Outstanding	555.09M	540.68M	628.69M	1.07B	1.07B	1.08B	1.07B	1.01B	983.08M	987.68M
Weighted Average Basic & Diluted Shares Outstanding	555.70M	3.68B	628.50M	1.04B	1.09B	1.10B	1.02B	1.00B	1.01B	1.01B
Cash Dividends to Common per Share	-	$2.16	$2.16	$2.16	$1.00	$1.00	$1.00	$0.75	$0.00	$0.00

This table shows Lumen Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	578	-3,069	511	-8,736	-78	-1,995	57	-49	-148	85
Consolidated Net Income / (Loss)	578	-3,069	511	-8,736	-78	-1,995	57	-49	-148	85
Net Income / (Loss) Continuing Operations	578	-3,069	511	-8,736	-78	-1,995	57	-49	-148	85
Total Pre-Tax Income	937	-3,182	680	-8,690	-85	-2,142	102	-41	-172	-119
Total Operating Income	1,384	-3,284	390	-8,421	223	-1,776	45	135	126	154
Total Gross Profit	2,391	1,974	1,921	1,921	1,791	1,780	1,638	1,615	1,529	1,623
Total Revenue	4,390	3,800	3,738	3,661	3,641	3,517	3,290	3,268	3,221	3,329
Operating Revenue	4,390	3,800	3,738	3,661	3,641	3,517	3,290	3,268	3,221	3,329
Total Cost of Revenue	1,999	1,826	1,817	1,740	1,850	1,737	1,652	1,653	1,692	1,706
Operating Cost of Revenue	1,999	1,826	1,817	1,740	1,850	1,737	1,652	1,653	1,692	1,706
Total Operating Expenses	1,007	5,258	1,531	10,342	1,568	3,556	1,593	1,480	1,403	1,469
Selling, General & Admin Expense	792	671	721	790	791	896	823	742	696	711
Depreciation Expense	808	796	733	746	755	751	748	743	707	758
Total Other Income / (Expense), net	-447	102	290	-269	-308	-366	57	-176	-298	-273
Interest Expense	354	75	-330	285	295	290	16	370	352	286
Other Income / (Expense), net	-93	177	-40	16	-13	-76	73	194	54	13
Income Tax Expense	359	-113	169	46	-7.00	-147	45	8.00	-24	-204
Basic Earnings per Share	$0.57	($3.04)	$0.52	($8.88)	($0.08)	($2.04)	$0.06	($0.05)	($0.15)	$0.08
Weighted Average Basic Shares Outstanding	1.01B	1.01B	981.56M	983.45M	983.55M	983.08M	984.86M	987.24M	988.79M	987.68M
Diluted Earnings per Share	$0.57	($3.04)	$0.52	($8.88)	($0.08)	($2.04)	$0.06	($0.05)	($0.15)	$0.08
Weighted Average Diluted Shares Outstanding	1.02B	1.01B	982.28M	983.45M	983.55M	983.08M	986.26M	987.24M	988.79M	987.68M
Weighted Average Basic & Diluted Shares Outstanding	1.03B	1.00B	1.00B	1.01B	1.01B	1.01B	1.02B	1.02B	1.01B	1.01B

This table details how cash moves in and out of Lumen Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-1.00	96	363	-69	1,199	-1,290	-18	898	941	-348
Net Cash From Operating Activities	5,153	4,608	3,878	7,032	6,680	6,524	6,501	4,735	2,160	4,333
Net Cash From Continuing Operating Activities	5,153	4,608	3,878	7,032	6,680	6,524	6,501	4,735	2,160	4,333
Net Income / (Loss) Continuing Operations	878	626	1,389	-1,733	-5,269	-1,232	2,033	-1,548	-10,298	-55
Consolidated Net Income / (Loss)	878	626	1,389	-1,733	-5,269	-1,232	2,033	-1,548	-10,298	-55
Depreciation Expense	4,189	3,916	3,936	5,120	4,829	4,710	4,019	3,239	2,985	2,956
Non-Cash Adjustments To Reconcile Net Income	259	312	374	3,092	6,741	3,111	79	3,411	10,472	-421
Changes in Operating Assets and Liabilities, net	-170	-248	-1,821	553	379	-65	370	-367	-999	1,853
Net Cash From Investing Activities	-2,853	-2,994	-8,871	-3,078	-3,570	-3,564	-2,712	5,476	-1,201	-2,830
Net Cash From Continuing Investing Activities	-2,853	-2,994	-8,871	-3,078	-3,570	-3,564	-2,712	5,476	-1,201	-2,830
Purchase of Property, Plant & Equipment	-2,872	-2,981	-3,106	-3,175	-3,628	-3,729	-2,900	-3,016	-3,100	-3,231
Sale of Property, Plant & Equipment	31	30	1,529	158	93	153	135	120	165	366
Divestitures	-	-	-	-	-	0.00	0.00	8,369	1,746	15
Other Investing Activities, net	-8.00	-43	-5.00	-	-35	12	53	3.00	-12	20
Net Cash From Financing Activities	-2,301	-1,518	5,356	-4,023	-1,911	-4,250	-3,807	-9,313	-18	-1,851
Net Cash From Continuing Financing Activities	-2,301	-1,518	5,356	-4,023	-1,911	-4,250	-3,807	-9,313	-18	-1,851
Repayment of Debt	-1,273	-2,512	-1,980	-1,936	-4,218	-7,402	-3,601	-8,333	-207	-3,173
Repurchase of Common Equity	-819	-	-	-	0.00	0.00	-1,000	-200	0.00	0.00
Payment of Dividends	-1,198	-1,167	-1,453	-2,312	-1,100	-1,109	-1,087	-780	-11	-3.00
Issuance of Debt	989	2,161	8,433	275	3,407	4,261	1,881	0.00	200	1,325
Cash Interest Paid	1,310	1,301	1,401	2,138	2,028	1,627	1,487	1,365	1,138	1,245
Cash Income Taxes Paid	63	397	392	-674	-34	-28	112	76	1,303	-242

This table details how cash moves in and out of Lumen Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-156	1,042	-107	-731	-119	1,898	-656	-85	1,146	-753
Net Cash From Operating Activities	1,123	841	595	-100	881	784	1,102	511	2,032	688
Net Cash From Continuing Operating Activities	1,123	841	595	-100	881	784	1,102	511	2,032	688
Net Income / (Loss) Continuing Operations	578	-3,069	511	-8,736	-78	-1,995	57	-49	-148	85
Consolidated Net Income / (Loss)	578	-3,069	511	-8,736	-78	-1,995	57	-49	-148	85
Depreciation Expense	808	796	733	746	755	751	748	743	707	758
Non-Cash Adjustments To Reconcile Net Income	-410	3,646	-411	8,827	83	1,973	-315	-174	29	39
Changes in Operating Assets and Liabilities, net	147	-532	-238	-937	121	55	612	-9.00	1,444	-194
Net Cash From Investing Activities	1,864	4,882	-616	-789	-827	1,031	-698	-496	-805	-831
Net Cash From Continuing Investing Activities	1,864	4,882	-616	-789	-827	1,031	-698	-496	-805	-831
Purchase of Property, Plant & Equipment	-845	-833	-640	-796	-843	-821	-713	-753	-850	-915
Sale of Property, Plant & Equipment	2.00	53	23	3.00	9.00	130	12	252	19	83
Other Investing Activities, net	-	-	1.00	4.00	4.00	-21	3.00	5.00	11	1.00
Net Cash From Financing Activities	-3,143	-4,681	-86	158	-173	83	-1,060	-100	-81	-610
Net Cash From Continuing Financing Activities	-3,143	-4,681	-86	158	-173	83	-1,060	-100	-81	-610
Repayment of Debt	-2,368	-4,401	-78	159	-172	-116	-2,382	100	-281	-610
Cash Interest Paid	393	273	363	198	325	252	339	232	306	368
Cash Income Taxes Paid	-	18	96	1,174	19	14	-724	142	157	183

This table presents Lumen Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	47,604	47,017	75,611	70,256	64,742	59,394	57,993	45,612	34,018	33,496
Total Current Assets	2,650	5,162	4,194	3,820	4,768	3,176	11,536	5,451	4,775	4,394
Cash & Equivalents	126	222	551	488	1,690	406	354	1,251	2,234	1,889
Accounts Receivable	1,943	2,017	2,557	2,398	2,259	1,962	1,544	1,508	1,318	1,231
Other Current Assets	573	547	941	918	819	808	829	803	1,223	1,274
Plant, Property, & Equipment, net	18,069	17,039	26,852	26,408	26,079	26,338	20,895	19,166	19,758	20,421
Total Noncurrent Assets	26,885	24,816	44,565	40,028	33,895	29,880	25,562	20,995	9,485	8,681
Goodwill	20,742	19,650	30,475	28,031	21,534	18,870	15,986	12,657	1,964	1,964
Intangible Assets	5,483	4,328	12,773	10,779	9,567	8,219	6,970	6,166	5,470	4,806
Other Noncurrent Operating Assets	660	838	1,317	1,218	2,794	2,791	2,606	2,172	2,051	1,911
Total Liabilities & Shareholders' Equity	47,604	47,017	75,611	70,256	64,742	59,394	57,993	45,612	34,018	33,496
Total Liabilities	33,544	33,618	52,120	50,428	51,272	48,232	46,153	35,238	33,601	33,032
Total Current Liabilities	4,604	5,349	4,857	5,531	7,258	6,634	7,169	4,897	3,534	3,639
Short-Term Debt	1,503	1,503	443	652	2,300	2,427	1,554	154	157	412
Accounts Payable	968	1,179	1,555	1,933	1,724	1,134	758	1,044	1,134	749
Current Deferred Revenue	743	672	892	832	804	753	617	596	647	861
Current Deferred & Payable Income Tax Liabilities	318	301	370	337	311	314	228	1,158	251	272
Current Employee Benefit Liabilities	602	802	890	1,104	1,037	1,008	860	692	696	716
Other Current Liabilities	220	213	344	357	802	707	617	621	481	432
Other Current Nonoperating Liabilities	250	679	363	316	280	291	2,535	632	168	197
Total Noncurrent Liabilities	28,940	28,269	47,263	44,897	44,014	41,598	38,984	30,341	30,067	29,393
Long-Term Debt	18,722	18,185	37,283	35,409	32,394	29,410	27,428	20,418	19,831	17,494
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	1,758	1,969	3,733
Noncurrent Deferred & Payable Income Tax Liabilities	3,569	3,471	2,413	2,527	2,918	3,342	4,049	3,163	3,127	2,890
Noncurrent Employee Benefit Liabilities	5,511	5,527	5,178	4,319	4,594	4,556	3,710	2,391	2,490	2,205
Other Noncurrent Operating Liabilities	1,138	1,086	2,389	2,642	4,108	4,290	3,797	2,611	2,650	3,071
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,060	13,399	23,491	19,828	13,470	11,162	11,840	10,374	417	464
Total Preferred & Common Equity	14,060	13,399	23,491	19,828	13,470	11,162	11,840	10,374	417	464
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	14,060	13,399	23,491	19,828	13,470	11,162	11,840	10,374	417	464
Common Stock	15,722	15,517	24,383	23,932	22,964	22,006	19,996	19,082	19,134	19,149
Retained Earnings	272	-1.00	1,103	-1,643	-6,814	-8,031	-5,998	-7,609	-17,907	-17,962
Accumulated Other Comprehensive Income / (Loss)	-1,934	-2,117	-1,995	-2,461	-2,680	-2,813	-2,158	-1,099	-810	-723

This table presents Lumen Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	54,817	45,530	36,168	35,921	33,173	32,943	33,989
Total Current Assets	9,382	5,405	4,873	4,646	3,935	3,760	4,736
Cash & Equivalents	252	1,148	411	311	1,580	1,495	2,640
Accounts Receivable	1,457	1,432	1,473	1,411	1,322	1,294	1,225
Other Current Assets	894	879	984	982	1,033	971	871
Plant, Property, & Equipment, net	20,713	19,321	19,432	19,606	19,908	20,089	20,344
Total Noncurrent Assets	24,722	20,804	11,863	11,669	9,330	9,094	8,909
Goodwill	15,918	12,657	3,864	3,864	1,964	1,964	1,964
Intangible Assets	6,436	6,034	5,899	5,744	5,290	5,127	4,967
Other Noncurrent Operating Assets	2,368	2,113	2,100	2,061	2,076	2,003	1,978
Total Liabilities & Shareholders' Equity	54,817	45,530	36,168	35,921	33,173	32,943	33,989
Total Liabilities	42,240	34,535	33,884	33,702	32,669	32,477	33,647
Total Current Liabilities	8,715	4,848	3,963	3,920	3,816	3,738	3,940
Short-Term Debt	3,474	153	154	155	86	192	415
Accounts Payable	1,009	1,131	1,171	1,015	1,162	995	905
Current Deferred Revenue	624	607	627	643	665	670	808
Current Deferred & Payable Income Tax Liabilities	275	1,303	234	287	761	597	434
Current Employee Benefit Liabilities	788	590	605	733	578	605	700
Other Current Liabilities	569	504	500	470	454	460	442
Other Current Nonoperating Liabilities	1,976	560	672	617	110	219	236
Total Noncurrent Liabilities	33,525	29,687	29,921	29,782	28,853	28,739	29,707
Long-Term Debt	21,764	19,743	19,899	19,740	18,591	18,411	18,142
Noncurrent Deferred Revenue	-	1,808	1,850	1,902	2,021	2,112	3,541
Noncurrent Deferred & Payable Income Tax Liabilities	4,595	3,200	3,204	3,192	3,143	3,142	3,138
Noncurrent Employee Benefit Liabilities	3,192	2,358	2,335	2,322	2,457	2,437	2,249
Other Noncurrent Operating Liabilities	3,974	2,578	2,633	2,626	2,641	2,637	2,637
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	12,577	10,995	2,284	2,219	504	466	342
Total Preferred & Common Equity	12,577	10,995	2,284	2,219	504	466	342
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	12,577	10,995	2,284	2,219	504	466	342
Common Stock	19,256	19,099	19,108	19,125	19,153	19,151	19,155
Retained Earnings	-4,477	-7,035	-15,771	-15,849	-17,850	-17,899	-18,047
Accumulated Other Comprehensive Income / (Loss)	-2,202	-1,069	-1,053	-1,057	-799	-786	-766

This table displays calculated financial ratios and metrics derived from Lumen Technologies' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.73%	-2.40%	1.06%	27.89%	-4.97%	-3.48%	-4.95%	-11.22%	-16.71%	-9.95%
EBITDA Growth	-0.21%	-8.19%	-4.78%	-3.74%	-63.66%	168.52%	47.14%	-59.12%	-299.41%	155.87%
EBIT Growth	8.55%	-11.04%	-13.56%	-69.62%	-547.07%	132.28%	375.73%	-96.99%	-7,735.43%	108.19%
NOPAT Growth	2.65%	-16.79%	260.91%	-92.28%	-578.25%	135.29%	378.95%	-97.94%	-10,188.42%	104.80%
Net Income Growth	13.73%	-28.70%	121.89%	-224.77%	-204.04%	76.62%	265.02%	-176.14%	-565.25%	99.47%
EPS Growth	16.18%	-26.58%	90.52%	-173.76%	-201.84%	76.83%	267.54%	-180.63%	-580.52%	99.43%
Operating Cash Flow Growth	-0.67%	-10.58%	-15.84%	81.33%	-5.01%	-2.34%	-0.35%	-27.17%	-54.38%	100.60%
Free Cash Flow Firm Growth	-30.59%	56.87%	-626.25%	122.74%	26.10%	-35.45%	162.25%	-51.13%	-41.77%	-41.51%
Invested Capital Growth	-3.51%	-9.40%	95.34%	-8.51%	-16.06%	-8.28%	-20.26%	-16.83%	-35.51%	-9.06%
Revenue Q/Q Growth	0.21%	-1.06%	6.22%	-1.77%	1.86%	-0.87%	-1.39%	-5.65%	-1.91%	-1.41%
EBITDA Q/Q Growth	2.78%	-6.81%	6.81%	-28.59%	498.47%	-32.22%	44.53%	-55.69%	15.27%	117.52%
EBIT Q/Q Growth	11.50%	-13.47%	7.50%	-79.36%	49.20%	-74.91%	209.93%	-97.03%	11.46%	164.82%
NOPAT Q/Q Growth	5.48%	-19.45%	387.62%	-93.52%	49.65%	-74.19%	250.38%	-97.93%	13.60%	131.29%
Net Income Q/Q Growth	20.60%	-32.10%	342.36%	-196.49%	33.34%	-196.25%	366.10%	-176.29%	9.44%	97.42%
EPS Q/Q Growth	20.61%	-31.36%	281.03%	-169.66%	33.51%	-195.00%	369.01%	-177.00%	8.71%	97.25%
Operating Cash Flow Q/Q Growth	-1.04%	-2.14%	2.16%	13.16%	-1.29%	-3.36%	-1.14%	-13.92%	-2.57%	-2.17%
Free Cash Flow Firm Q/Q Growth	-28.95%	77.66%	-659.95%	137.18%	9.98%	-19.43%	-6.96%	26.67%	-24.96%	-32.87%
Invested Capital Q/Q Growth	-0.68%	-7.76%	59.88%	-5.99%	-4.71%	-6.84%	0.14%	-13.19%	-10.45%	1.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.55%	55.50%	53.54%	55.72%	57.43%	56.87%	56.89%	54.98%	50.92%	48.86%
EBITDA Margin	38.07%	35.81%	33.74%	25.39%	9.71%	27.02%	41.82%	19.26%	-46.11%	28.61%
Operating Margin	14.41%	13.35%	11.38%	2.52%	-12.70%	4.64%	21.77%	0.54%	-65.84%	3.51%
EBIT Margin	14.68%	13.38%	11.45%	2.72%	-12.79%	4.28%	21.41%	0.73%	-66.61%	6.06%
Profit (Net Income) Margin	4.91%	3.58%	7.87%	-7.67%	-24.55%	-5.95%	10.33%	-8.86%	-70.74%	-0.42%
Tax Burden Percent	66.72%	61.37%	257.22%	110.88%	110.55%	157.54%	75.27%	156.21%	100.60%	23.91%
Interest Burden Percent	50.08%	43.63%	26.72%	-254.56%	173.62%	-88.26%	64.08%	-780.32%	105.57%	-28.97%
Effective Tax Rate	33.28%	38.63%	-157.22%	0.00%	0.00%	0.00%	24.73%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	4.91%	4.37%	11.23%	0.68%	-3.73%	1.50%	8.37%	0.21%	-28.68%	1.84%
ROIC Less NNEP Spread (ROIC-NNEP)	0.80%	0.14%	-2.47%	-5.14%	-13.44%	-4.36%	3.96%	-7.78%	-48.63%	-0.37%
Return on Net Nonoperating Assets (RNNOA)	1.13%	0.19%	-3.70%	-8.69%	-27.92%	-11.51%	9.31%	-14.15%	-162.18%	-14.32%
Return on Equity (ROE)	6.04%	4.56%	7.53%	-8.00%	-31.65%	-10.00%	17.68%	-13.94%	-190.86%	-12.49%
Cash Return on Invested Capital (CROIC)	8.49%	14.23%	-53.34%	9.58%	13.74%	10.14%	30.92%	18.59%	14.50%	11.33%
Operating Return on Assets (OROA)	5.44%	4.94%	3.30%	0.84%	-4.07%	1.43%	7.18%	0.25%	-24.36%	2.35%
Return on Assets (ROA)	1.82%	1.32%	2.27%	-2.38%	-7.81%	-1.98%	3.46%	-2.99%	-25.86%	-0.16%
Return on Common Equity (ROCE)	6.04%	4.56%	7.53%	-8.00%	-31.65%	-10.00%	17.68%	-13.94%	-190.86%	-12.49%
Return on Equity Simple (ROE_SIMPLE)	6.24%	4.67%	5.91%	-8.74%	-39.12%	-11.04%	17.17%	-14.92%	-2,469.54%	-11.85%
Net Operating Profit after Tax (NOPAT)	1,721	1,432	5,168	399	-1,908	673	3,225	67	-6,709	322
NOPAT Margin	9.61%	8.20%	29.27%	1.77%	-8.89%	3.25%	16.38%	0.38%	-46.09%	2.46%
Net Nonoperating Expense Percent (NNEP)	4.11%	4.23%	13.70%	5.82%	9.72%	5.86%	4.41%	7.99%	19.95%	2.21%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.21%	-32.88%	1.75%
Cost of Revenue to Revenue	43.45%	44.50%	46.46%	44.28%	42.57%	43.13%	43.11%	45.02%	49.08%	51.14%
SG&A Expenses to Revenue	18.74%	19.73%	19.87%	18.45%	17.31%	16.72%	14.71%	17.61%	21.97%	22.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.14%	42.15%	42.16%	53.19%	70.14%	52.22%	35.12%	54.44%	116.76%	45.35%
Earnings before Interest and Taxes (EBIT)	2,628	2,338	2,021	614	-2,745	886	4,215	127	-9,697	794
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,814	6,256	5,957	5,734	2,084	5,596	8,234	3,366	-6,712	3,750
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.53	0.56	0.49	0.60	0.85	0.83	1.01	0.52	4.43	11.61
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.41	0.43	0.65	0.53	0.53	0.45	0.61	0.31	0.13	0.41
Price to Earnings (P/E)	8.45	12.06	8.32	0.00	0.00	0.00	5.91	0.00	0.00	0.00
Dividend Yield	15.98%	15.64%	19.98%	19.59%	9.57%	11.84%	8.53%	19.16%	0.00%	0.00%
Earnings Yield	11.83%	8.29%	12.02%	0.00%	0.00%	0.00%	16.93%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.87	0.80	0.85	0.95	0.95	1.19	0.87	1.07	1.28
Enterprise Value to Revenue (EV/Rev)	1.54	1.55	2.76	2.10	2.07	1.96	2.06	1.41	1.35	1.63
Enterprise Value to EBITDA (EV/EBITDA)	4.04	4.32	8.18	8.28	21.30	7.27	4.93	7.34	0.00	5.71
Enterprise Value to EBIT (EV/EBIT)	10.47	11.56	24.11	77.34	0.00	45.93	9.64	194.66	0.00	26.96
Enterprise Value to NOPAT (EV/NOPAT)	15.99	18.87	9.43	119.01	0.00	60.44	12.60	371.75	0.00	66.48
Enterprise Value to Operating Cash Flow (EV/OCF)	5.34	5.86	12.56	6.75	6.65	6.24	6.25	5.22	9.07	4.94
Enterprise Value to Free Cash Flow (EV/FCFF)	9.25	5.79	0.00	8.51	6.31	8.96	3.41	4.25	5.78	10.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.44	1.47	1.61	1.82	2.58	2.85	2.45	1.98	47.93	38.59
Long-Term Debt to Equity	1.33	1.36	1.59	1.79	2.40	2.63	2.32	1.97	47.56	37.70
Financial Leverage	1.41	1.39	1.50	1.69	2.08	2.64	2.35	1.82	3.33	38.75
Leverage Ratio	3.33	3.45	3.32	3.37	4.05	5.04	5.10	4.66	7.38	76.63
Compound Leverage Factor	1.67	1.50	0.89	-8.57	7.04	-4.45	3.27	-36.39	7.79	-22.20
Debt to Total Capital	58.99%	59.50%	61.63%	64.52%	72.03%	74.04%	71.00%	66.48%	97.96%	97.47%
Short-Term Debt to Total Capital	4.38%	4.54%	0.72%	1.17%	4.78%	5.64%	3.81%	0.50%	0.77%	2.24%
Long-Term Debt to Total Capital	54.61%	54.96%	60.90%	63.36%	67.26%	68.40%	67.19%	65.98%	97.19%	95.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.01%	40.50%	38.37%	35.48%	27.97%	25.96%	29.00%	33.52%	2.04%	2.53%
Debt to EBITDA	2.97	3.15	6.33	6.29	16.65	5.69	3.52	6.11	-2.98	4.77
Net Debt to EBITDA	2.95	3.11	6.24	6.20	15.84	5.62	3.48	5.74	-2.65	4.27
Long-Term Debt to EBITDA	2.75	2.91	6.26	6.18	15.54	5.26	3.33	6.07	-2.95	4.67
Debt to NOPAT	11.75	13.75	7.30	90.38	-18.18	47.28	8.99	309.35	-2.98	55.61
Net Debt to NOPAT	11.68	13.60	7.19	89.15	-17.30	46.68	8.88	290.54	-2.65	49.74
Long-Term Debt to NOPAT	10.88	12.70	7.21	88.74	-16.98	43.67	8.50	307.04	-2.96	54.33
Altman Z-Score	0.65	0.67	0.46	0.43	0.13	0.25	0.68	0.27	-1.17	-0.16
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.58	0.97	0.86	0.69	0.66	0.48	1.61	1.11	1.35	1.21
Quick Ratio	0.45	0.42	0.64	0.52	0.54	0.36	0.26	0.56	1.01	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,974	4,665	-24,548	5,582	7,039	4,543	11,915	5,823	3,390	1,983
Operating Cash Flow to CapEx	181.38%	156.15%	245.91%	233.08%	188.97%	182.44%	235.12%	163.50%	73.59%	151.24%
Free Cash Flow to Firm to Interest Expense	2.27	3.54	-16.58	2.56	3.48	2.72	7.87	5.21	6.28	1.94
Operating Cash Flow to Interest Expense	3.93	3.50	2.62	3.23	3.31	3.91	4.29	4.24	4.00	4.23
Operating Cash Flow Less CapEx to Interest Expense	1.76	1.26	1.55	1.84	1.56	1.77	2.47	1.64	-1.44	1.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.37	0.29	0.31	0.32	0.33	0.34	0.34	0.37	0.39
Accounts Receivable Turnover	9.11	8.82	7.72	9.11	9.22	9.81	11.23	11.45	10.30	10.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.98	1.00	0.80	0.85	0.82	0.79	0.83	0.87	0.75	0.65
Accounts Payable Turnover	7.09	7.24	6.00	5.73	5.00	6.25	8.97	8.73	6.56	7.12
Days Sales Outstanding (DSO)	40.08	41.37	47.28	40.05	39.61	37.19	32.50	31.87	35.43	35.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	51.48	50.40	60.83	63.66	73.07	58.38	40.68	41.80	55.64	51.27
Cash Conversion Cycle (CCC)	-11.40	-9.03	-13.55	-23.61	-33.46	-21.19	-8.18	-9.93	-20.21	-15.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	34,401	31,168	60,884	55,701	46,754	42,884	34,194	28,438	18,339	16,678
Invested Capital Turnover	0.51	0.53	0.38	0.39	0.42	0.46	0.51	0.56	0.62	0.75
Increase / (Decrease) in Invested Capital	-1,253	-3,233	29,716	-5,183	-8,947	-3,870	-8,690	-5,756	-10,099	-1,661
Enterprise Value (EV)	27,518	27,017	48,727	47,485	44,397	40,698	40,633	24,722	19,600	21,406
Market Capitalization	7,419	7,551	11,557	11,916	11,393	9,267	12,005	5,401	1,846	5,389
Book Value per Share	$25.61	$24.51	$21.97	$18.35	$12.36	$10.17	$11.56	$10.03	$0.41	$0.46
Tangible Book Value per Share	($22.16)	($19.35)	($18.48)	($17.57)	($16.17)	($14.52)	($10.86)	($8.17)	($6.96)	($6.21)
Total Capital	34,285	33,087	61,217	55,889	48,164	42,999	40,822	30,946	20,405	18,370
Total Debt	20,225	19,688	37,726	36,061	34,694	31,837	28,982	20,572	19,988	17,906
Total Long-Term Debt	18,722	18,185	37,283	35,409	32,394	29,410	27,428	20,418	19,831	17,494
Net Debt	20,099	19,466	37,170	35,569	33,004	31,431	28,628	19,321	17,754	16,017
Capital Expenditures (CapEx)	2,841	2,951	1,577	3,017	3,535	3,576	2,765	2,896	2,935	2,865
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-577	1,094	-776	-1,551	-1,880	-1,437	5,567	-543	-836	-722
Debt-free Net Working Capital (DFNWC)	-451	1,316	-220	-1,059	-190	-1,031	5,921	708	1,398	1,167
Net Working Capital (NWC)	-1,954	-187	-663	-1,711	-2,490	-3,458	4,367	554	1,241	755
Net Nonoperating Expense (NNE)	843	806	3,779	2,132	3,361	1,905	1,192	1,615	3,589	377
Net Nonoperating Obligations (NNO)	20,341	17,769	37,393	35,873	33,284	31,722	22,354	18,064	17,922	16,214
Total Depreciation and Amortization (D&A)	4,186	3,918	3,936	5,120	4,829	4,710	4,019	3,239	2,985	2,956
Debt-free, Cash-free Net Working Capital to Revenue	-3.22%	6.26%	-4.40%	-6.87%	-8.76%	-6.94%	28.28%	-3.11%	-5.74%	-5.51%
Debt-free Net Working Capital to Revenue	-2.52%	7.53%	-1.25%	-4.69%	-0.89%	-4.98%	30.08%	4.05%	9.60%	8.90%
Net Working Capital to Revenue	-10.92%	-1.07%	-3.76%	-7.58%	-11.60%	-16.70%	22.18%	3.17%	8.53%	5.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$1.16	$2.21	($1.63)	($4.92)	($1.14)	$1.92	($1.54)	($10.48)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	554.28M	539.55M	627.81M	1.07B	1.07B	1.08B	1.06B	1.01B	983.08M	987.68M
Adjusted Diluted Earnings per Share	$1.58	$1.16	$2.21	($1.63)	($4.92)	($1.14)	$1.91	($1.54)	($10.48)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	555.09M	540.68M	628.69M	1.07B	1.07B	1.08B	1.07B	1.01B	983.08M	987.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	543.85M	546.58M	1.07B	1.08B	1.09B	1.10B	1.02B	1.00B	1.01B	1.01B
Normalized Net Operating Profit after Tax (NOPAT)	1,721	1,432	1,406	2,307	2,646	2,523	3,225	2,384	776	322
Normalized NOPAT Margin	9.61%	8.20%	7.97%	10.22%	12.33%	12.18%	16.38%	13.64%	5.33%	2.46%
Pre Tax Income Margin	7.35%	5.84%	3.06%	-6.92%	-22.21%	-3.78%	13.72%	-5.67%	-70.32%	-1.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.00	1.77	1.36	0.28	-1.36	0.53	2.78	0.11	-17.96	0.78
NOPAT to Interest Expense	1.31	1.09	3.49	0.18	-0.94	0.40	2.13	0.06	-12.42	0.31
EBIT Less CapEx to Interest Expense	-0.16	-0.47	0.30	-1.10	-3.11	-1.61	0.96	-2.48	-23.39	-2.02
NOPAT Less CapEx to Interest Expense	-0.85	-1.15	2.42	-1.20	-2.69	-1.74	0.30	-2.53	-17.86	-2.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	136.45%	186.42%	104.61%	-133.41%	-20.88%	-90.02%	53.47%	-50.39%	-0.11%	-5.45%
Augmented Payout Ratio	229.73%	186.42%	104.61%	-133.41%	-20.88%	-90.02%	102.66%	-63.31%	-0.11%	-5.45%

This table displays calculated financial ratios and metrics derived from Lumen Technologies' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.17%	-21.60%	-20.06%	-20.62%	-17.06%	-7.45%	-11.99%	-10.73%	-11.54%	-5.35%
EBITDA Growth	2.69%	-220.36%	-44.77%	-573.65%	-54.03%	52.36%	-20.04%	114.00%	-8.08%	184.01%
EBIT Growth	18.12%	-397.89%	-69.64%	-1,163.92%	-83.73%	40.39%	-66.29%	103.91%	-14.29%	109.02%
NOPAT Growth	-0.65%	-364.65%	-63.81%	-951.15%	-81.72%	45.92%	-91.42%	101.60%	-43.50%	108.67%
Net Income Growth	6.25%	-704.13%	-14.69%	-2,639.53%	-113.49%	35.00%	-88.85%	99.44%	-89.74%	104.26%
EPS Growth	11.76%	-708.00%	-11.86%	-2,711.76%	-114.04%	32.89%	-88.46%	99.44%	-87.50%	103.92%
Operating Cash Flow Growth	-35.09%	-47.67%	-56.73%	-107.16%	-21.55%	-6.78%	85.21%	611.00%	130.65%	-12.24%
Free Cash Flow Firm Growth	-82.42%	-63.83%	-38.24%	-27.62%	455.09%	156.16%	82.82%	-58.08%	-67.27%	-80.03%
Invested Capital Growth	-4.06%	-16.83%	-16.35%	-38.33%	-37.49%	-35.51%	-37.54%	-13.60%	-19.45%	-9.06%
Revenue Q/Q Growth	-4.81%	-13.44%	-1.63%	-2.06%	-0.55%	-3.41%	-6.45%	-0.67%	-1.44%	3.35%
EBITDA Q/Q Growth	29.81%	-210.10%	146.86%	-807.20%	112.60%	-214.09%	178.66%	23.79%	-17.26%	4.28%
EBIT Q/Q Growth	63.42%	-340.67%	111.26%	-2,501.43%	102.50%	-981.90%	106.37%	178.81%	-45.29%	-7.22%
NOPAT Q/Q Growth	23.27%	-369.26%	112.75%	-2,111.34%	102.65%	-896.41%	102.02%	275.79%	-6.67%	22.22%
Net Income Q/Q Growth	68.02%	-630.97%	116.65%	-1,809.59%	99.11%	-2,457.69%	102.86%	-185.96%	-202.04%	157.43%
EPS Q/Q Growth	67.65%	-633.33%	117.11%	-1,807.69%	99.10%	-2,450.00%	102.94%	-183.33%	-200.00%	153.33%
Operating Cash Flow Q/Q Growth	-19.56%	-25.11%	-29.25%	-116.81%	981.00%	-11.01%	40.56%	-53.63%	297.65%	-66.14%
Free Cash Flow Firm Q/Q Growth	-76.51%	54.29%	68.84%	18.30%	80.12%	-28.80%	20.50%	-72.88%	40.65%	-56.55%
Invested Capital Q/Q Growth	-1.90%	-13.19%	-0.28%	-27.38%	-0.56%	-10.45%	-3.42%	0.46%	-7.30%	1.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	54.46%	51.95%	51.39%	52.47%	49.19%	50.61%	49.79%	49.42%	47.47%	48.75%
EBITDA Margin	47.81%	-60.82%	28.97%	-209.21%	26.50%	-31.31%	26.32%	32.80%	27.54%	27.79%
Operating Margin	31.53%	-86.42%	10.43%	-230.02%	6.12%	-50.50%	1.37%	4.13%	3.91%	4.63%
EBIT Margin	29.41%	-81.76%	9.36%	-229.58%	5.77%	-52.66%	3.59%	10.07%	5.59%	5.02%
Profit (Net Income) Margin	13.17%	-80.76%	13.67%	-238.62%	-2.14%	-56.72%	1.73%	-1.50%	-4.59%	2.55%
Tax Burden Percent	61.69%	96.45%	75.15%	100.53%	91.76%	93.14%	55.88%	119.51%	86.05%	-71.43%
Interest Burden Percent	72.58%	102.41%	194.29%	103.39%	-40.48%	115.66%	86.44%	-12.46%	-95.56%	-71.26%
Effective Tax Rate	38.31%	0.00%	24.85%	0.00%	0.00%	0.00%	44.12%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	10.77%	-33.76%	4.17%	-92.99%	2.39%	-22.00%	0.47%	2.07%	1.97%	2.42%
ROIC Less NNEP Spread (ROIC-NNEP)	9.49%	-37.57%	5.28%	-107.38%	1.17%	-26.18%	0.65%	1.26%	0.60%	2.29%
Return on Net Nonoperating Assets (RNNOA)	17.24%	-68.37%	8.85%	-292.33%	3.05%	-87.30%	1.96%	16.34%	8.02%	88.76%
Return on Equity (ROE)	28.00%	-102.13%	13.01%	-385.32%	5.44%	-109.30%	2.43%	18.41%	9.99%	91.18%
Cash Return on Invested Capital (CROIC)	13.74%	18.59%	16.47%	21.67%	16.97%	14.50%	16.04%	9.58%	15.98%	11.33%
Operating Return on Assets (OROA)	9.63%	-27.59%	2.99%	-76.28%	1.89%	-19.25%	1.29%	4.00%	2.13%	1.95%
Return on Assets (ROA)	4.31%	-27.25%	4.37%	-79.28%	-0.70%	-20.74%	0.62%	-0.60%	-1.75%	0.99%
Return on Common Equity (ROCE)	28.00%	-102.13%	13.01%	-385.32%	5.44%	-109.30%	2.43%	18.41%	9.99%	91.18%
Return on Equity Simple (ROE_SIMPLE)	16.13%	0.00%	-14.88%	-469.18%	-512.48%	0.00%	-2,133.33%	-443.13%	-624.27%	0.00%
Net Operating Profit after Tax (NOPAT)	854	-2,299	293	-5,895	156	-1,243	25	95	88	108
NOPAT Margin	19.45%	-60.49%	7.84%	-161.01%	4.29%	-35.35%	0.76%	2.89%	2.74%	3.24%
Net Nonoperating Expense Percent (NNEP)	1.28%	3.81%	-1.12%	14.39%	1.22%	4.18%	-0.18%	0.81%	1.37%	0.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-7.43%	-	-	-	-6.09%	-	-	-	0.59%
Cost of Revenue to Revenue	45.54%	48.05%	48.61%	47.53%	50.81%	49.39%	50.21%	50.58%	52.53%	51.25%
SG&A Expenses to Revenue	18.04%	17.66%	19.29%	21.58%	21.72%	25.48%	25.02%	22.71%	21.61%	21.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.94%	138.37%	40.96%	282.49%	43.07%	101.11%	48.42%	45.29%	43.56%	44.13%
Earnings before Interest and Taxes (EBIT)	1,291	-3,107	350	-8,405	210	-1,852	118	329	180	167
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,099	-2,311	1,083	-7,659	965	-1,101	866	1,072	887	925
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.60	0.52	0.24	0.99	0.65	4.43	3.12	2.40	21.11	11.61
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.41	0.31	0.16	0.15	0.10	0.13	0.11	0.08	0.54	0.41
Price to Earnings (P/E)	3.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	13.74%	19.16%	37.74%	44.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	26.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.99	0.87	0.75	1.06	1.03	1.07	1.05	1.02	1.40	1.28
Enterprise Value to Revenue (EV/Rev)	1.76	1.41	1.29	1.41	1.42	1.35	1.32	1.33	1.74	1.63
Enterprise Value to EBITDA (EV/EBITDA)	4.28	7.34	8.60	0.00	0.00	0.00	0.00	10.11	13.42	5.71
Enterprise Value to EBIT (EV/EBIT)	7.60	194.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.96
Enterprise Value to NOPAT (EV/NOPAT)	10.13	371.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00	66.48
Enterprise Value to Operating Cash Flow (EV/OCF)	5.91	5.22	5.41	8.91	9.48	9.07	7.00	5.56	5.22	4.94
Enterprise Value to Free Cash Flow (EV/FCFF)	7.08	4.25	4.18	3.75	4.65	5.78	5.05	9.91	7.83	10.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.01	1.98	1.81	8.78	8.97	47.93	37.06	39.92	54.26	38.59
Long-Term Debt to Equity	1.73	1.97	1.80	8.71	8.90	47.56	36.89	39.51	53.05	37.70
Financial Leverage	1.82	1.82	1.67	2.72	2.60	3.33	3.01	12.96	13.44	38.75
Leverage Ratio	4.76	4.66	4.45	6.47	6.13	7.38	6.84	25.13	27.30	76.63
Compound Leverage Factor	3.46	4.78	8.64	6.69	-2.48	8.53	5.92	-3.13	-26.08	-54.61
Debt to Total Capital	66.74%	66.48%	64.41%	89.77%	89.97%	97.96%	97.37%	97.56%	98.19%	97.47%
Short-Term Debt to Total Capital	9.19%	0.50%	0.50%	0.69%	0.70%	0.77%	0.45%	1.01%	2.20%	2.24%
Long-Term Debt to Total Capital	57.55%	65.98%	63.91%	89.09%	89.26%	97.19%	96.92%	96.55%	95.99%	95.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	33.26%	33.52%	35.59%	10.23%	10.03%	2.04%	2.63%	2.44%	1.81%	2.53%
Debt to EBITDA	3.32	6.11	8.00	-2.95	-2.51	-2.98	-2.70	10.32	10.76	4.77
Net Debt to EBITDA	3.29	5.74	7.54	-2.89	-2.47	-2.65	-2.47	9.49	9.23	4.27
Long-Term Debt to EBITDA	2.86	6.07	7.94	-2.93	-2.49	-2.95	-2.68	10.22	10.52	4.67
Debt to NOPAT	7.86	309.35	-47.53	-2.88	-2.56	-2.98	-2.69	-19.36	-18.03	55.61
Net Debt to NOPAT	7.78	290.54	-44.79	-2.83	-2.52	-2.65	-2.46	-17.80	-15.47	49.74
Long-Term Debt to NOPAT	6.78	307.04	-47.16	-2.86	-2.54	-2.96	-2.67	-19.16	-17.63	54.33
Altman Z-Score	0.42	0.03	0.23	-0.88	-0.14	-0.41	-0.28	-0.29	-0.18	-0.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.11	1.11	1.23	1.19	1.35	1.03	1.01	1.20	1.21
Quick Ratio	0.20	0.56	0.53	0.48	0.44	1.01	0.76	0.75	0.98	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,241	3,457	5,837	6,905	12,438	8,856	10,671	2,895	4,071	1,769
Operating Cash Flow to CapEx	133.21%	107.82%	96.43%	-12.61%	105.64%	113.46%	157.20%	102.00%	244.52%	82.69%
Free Cash Flow to Firm to Interest Expense	6.33	46.10	0.00	24.23	42.16	30.54	666.95	7.82	11.57	6.18
Operating Cash Flow to Interest Expense	3.17	11.21	0.00	-0.35	2.99	2.70	68.88	1.38	5.77	2.41
Operating Cash Flow Less CapEx to Interest Expense	0.79	0.81	0.00	-3.13	0.16	0.32	25.06	0.03	3.41	-0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.33	0.34	0.32	0.33	0.33	0.37	0.36	0.40	0.38	0.39
Accounts Receivable Turnover	12.36	11.45	11.60	10.63	10.35	10.30	10.25	9.91	10.09	10.28
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.89	0.87	0.82	0.78	0.74	0.75	0.72	0.69	0.67	0.65
Accounts Payable Turnover	8.84	8.73	7.58	6.64	7.15	6.56	6.09	6.36	7.01	7.12
Days Sales Outstanding (DSO)	29.54	31.87	31.46	34.34	35.27	35.43	35.62	36.82	36.18	35.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	41.27	41.80	48.18	54.98	51.07	55.64	59.96	57.36	52.03	51.27
Cash Conversion Cycle (CCC)	-11.73	-9.93	-16.73	-20.65	-15.80	-20.21	-24.34	-20.54	-15.85	-15.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	32,760	28,438	28,357	20,593	20,478	18,339	17,711	17,793	16,495	16,678
Invested Capital Turnover	0.55	0.56	0.53	0.58	0.56	0.62	0.61	0.71	0.72	0.75
Increase / (Decrease) in Invested Capital	-1,387	-5,756	-5,544	-12,800	-12,282	-10,099	-10,646	-2,800	-3,983	-1,661
Enterprise Value (EV)	32,523	24,722	21,401	21,912	21,015	19,600	18,671	18,225	23,136	21,406
Market Capitalization	7,537	5,401	2,653	2,270	1,431	1,846	1,574	1,117	7,219	5,389
Book Value per Share	$12.15	$10.03	$10.98	$2.27	$2.20	$0.41	$0.51	$0.46	$0.34	$0.46
Tangible Book Value per Share	($9.44)	($8.17)	($7.69)	($7.45)	($7.33)	($6.96)	($6.85)	($6.53)	($6.48)	($6.21)
Total Capital	37,815	30,946	30,891	22,337	22,114	20,405	19,181	19,069	18,899	18,370
Total Debt	25,238	20,572	19,896	20,053	19,895	19,988	18,677	18,603	18,557	17,906
Total Long-Term Debt	21,764	20,418	19,743	19,899	19,740	19,831	18,591	18,411	18,142	17,494
Net Debt	24,986	19,321	18,748	19,642	19,584	17,754	17,097	17,108	15,917	16,017
Capital Expenditures (CapEx)	843	780	617	793	834	691	701	501	831	832
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,889	-543	-438	653	570	-836	-1,375	-1,281	-1,429	-722
Debt-free Net Working Capital (DFNWC)	4,141	708	710	1,064	881	1,398	205	214	1,211	1,167
Net Working Capital (NWC)	667	554	557	910	726	1,241	119	22	796	755
Net Nonoperating Expense (NNE)	276	770	-218	2,841	234	752	-32	144	236	23
Net Nonoperating Obligations (NNO)	20,183	18,064	17,362	18,309	18,259	17,922	17,207	17,327	16,153	16,214
Total Depreciation and Amortization (D&A)	808	796	733	746	755	751	748	743	707	758
Debt-free, Cash-free Net Working Capital to Revenue	20.99%	-3.11%	-2.65%	4.19%	3.84%	-5.74%	-9.75%	-9.34%	-10.75%	-5.51%
Debt-free Net Working Capital to Revenue	22.35%	4.05%	4.29%	6.83%	5.94%	9.60%	1.45%	1.56%	9.11%	8.90%
Net Working Capital to Revenue	3.60%	3.17%	3.37%	5.84%	4.89%	8.53%	0.84%	0.16%	5.99%	5.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.57	($3.04)	$0.52	($8.88)	($0.08)	($2.04)	$0.06	($0.05)	($0.15)	$0.08
Adjusted Weighted Average Basic Shares Outstanding	1.01B	1.01B	981.56M	983.45M	983.55M	983.08M	984.86M	987.24M	988.79M	987.68M
Adjusted Diluted Earnings per Share	$0.57	($3.04)	$0.52	($8.88)	($0.08)	($2.04)	$0.06	($0.05)	($0.15)	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	1.02B	1.01B	982.28M	983.45M	983.55M	983.08M	986.26M	987.24M	988.79M	987.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.03B	1.00B	1.00B	1.01B	1.01B	1.01B	1.02B	1.02B	1.01B	1.01B
Normalized Net Operating Profit after Tax (NOPAT)	854	-2,299	293	260	156	-1,243	25	95	88	108
Normalized NOPAT Margin	19.45%	-60.49%	7.84%	7.11%	4.29%	-35.35%	0.76%	2.89%	2.74%	3.24%
Pre Tax Income Margin	21.34%	-83.74%	18.19%	-237.37%	-2.33%	-60.90%	3.10%	-1.25%	-5.34%	-3.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.65	-41.43	0.00	-29.49	0.71	-6.39	7.38	0.89	0.51	0.58
NOPAT to Interest Expense	2.41	-30.65	0.00	-20.68	0.53	-4.29	1.57	0.26	0.25	0.38
EBIT Less CapEx to Interest Expense	1.27	-51.83	0.00	-32.27	-2.12	-8.77	-36.44	-0.46	-1.85	-2.33
NOPAT Less CapEx to Interest Expense	0.03	-41.05	0.00	-23.47	-2.30	-6.67	-42.24	-1.10	-2.11	-2.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.91%	-50.39%	-31.60%	-2.46%	-0.09%	-0.11%	-0.06%	-0.24%	-0.19%	-5.45%
Augmented Payout Ratio	50.91%	-63.31%	-31.60%	-2.46%	-0.09%	-0.11%	-0.06%	-0.24%	-0.19%	-5.45%

Frequently Asked Questions About Lumen Technologies' Financials

When does Lumen Technologies's financial year end?

According to the most recent income statement we have on file, Lumen Technologies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Lumen Technologies' net income changed over the last 9 years?

Lumen Technologies' net income appears to be on an upward trend, with a most recent value of -$55 million in 2024, falling from $878 million in 2015. The previous period was -$10.30 billion in 2023.

What is Lumen Technologies's operating income?

Lumen Technologies's total operating income in 2024 was $460 million, based on the following breakdown:

Total Gross Profit: $6.41 billion
Total Operating Expenses: $5.95 billion

How has Lumen Technologies revenue changed over the last 9 years?

Over the last 9 years, Lumen Technologies' total revenue changed from $17.90 billion in 2015 to $13.11 billion in 2024, a change of -26.8%.

How much debt does Lumen Technologies have?

Lumen Technologies' total liabilities were at $33.03 billion at the end of 2024, a 1.7% decrease from 2023, and a 1.5% decrease since 2015.

How much cash does Lumen Technologies have?

In the past 9 years, Lumen Technologies' cash and equivalents has ranged from $126 million in 2015 to $2.23 billion in 2023, and is currently $1.89 billion as of their latest financial filing in 2024.

How has Lumen Technologies' book value per share changed over the last 9 years?

Over the last 9 years, Lumen Technologies' book value per share changed from 25.61 in 2015 to 0.46 in 2024, a change of -98.2%.

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This page (NYSE:LUMN) was last updated on 4/30/2025 by MarketBeat.com Staff

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Lumen Technologies (LUMN) Financials

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