Lumen Technologies (LUMN) Financials

$3.92 -0.08 (-1.88%)

As of 11:22 AM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-55	-10,298	-1,548	2,033	-1,232	-5,269	-1,733	1,389	626	878
Consolidated Net Income / (Loss)	-55	-10,298	-1,548	2,033	-1,232	-5,269	-1,733	1,389	626	878
Net Income / (Loss) Continuing Operations	-55	-10,298	-1,548	2,033	-1,232	-5,269	-1,733	1,389	626	878
Total Pre-Tax Income	-230	-10,237	-991	2,701	-782	-4,766	-1,563	540	1,020	1,316
Total Operating Income	460	-9,584	95	4,285	962	-2,726	570	2,009	2,333	2,579
Total Gross Profit	6,405	7,413	9,610	11,199	11,778	12,324	12,581	9,453	9,696	10,122
Total Revenue	13,108	14,557	17,478	19,687	20,712	21,458	22,580	17,656	17,470	17,900
Operating Revenue	13,108	14,557	17,478	19,687	20,712	21,458	22,580	17,656	17,470	17,900
Total Cost of Revenue	6,703	7,144	7,868	8,488	8,934	9,134	9,999	8,203	7,774	7,778
Operating Cost of Revenue	6,703	7,144	7,868	8,488	8,934	9,134	9,999	8,203	7,774	7,778
Total Operating Expenses	5,945	16,997	9,515	6,914	10,816	15,050	12,011	7,444	7,363	7,543
Selling, General & Admin Expense	2,972	3,198	3,078	2,895	3,464	3,715	4,165	3,508	3,447	3,354
Depreciation Expense	2,956	2,985	3,239	4,019	4,710	4,829	5,120	3,936	3,916	4,189
Other Operating Expenses / (Income)	17	121	-113	0.00	0.00	-	-	-	-	-
Impairment Charge	0.00	10,693	3,271	0.00	2,642	6,506	2,726	0.00	0.00	-
Other Special Charges / (Income)	0.00	0.00	40	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-690	-653	-1,086	-1,584	-1,744	-2,040	-2,133	-1,469	-1,313	-1,263
Interest Expense	1,024	540	1,118	1,514	1,668	2,021	2,177	1,481	1,318	1,312
Other Income / (Expense), net	334	-113	32	-70	-76	-19	44	12	5.00	49
Income Tax Expense	-175	61	557	668	450	503	170	-849	394	438
Basic Earnings per Share	($0.06)	($10.48)	($1.54)	$1.92	($1.14)	($4.92)	($1.63)	$2.21	$1.16	$1.58
Weighted Average Basic Shares Outstanding	987.68M	983.08M	1.01B	1.06B	1.08B	1.07B	1.07B	627.81M	539.55M	554.28M
Diluted Earnings per Share	($0.06)	($10.48)	($1.54)	$1.91	($1.14)	($4.92)	($1.63)	$2.21	$1.16	$1.58
Weighted Average Diluted Shares Outstanding	987.68M	983.08M	1.01B	1.07B	1.08B	1.07B	1.07B	628.69M	540.68M	555.09M
Weighted Average Basic & Diluted Shares Outstanding	1.01B	1.01B	1.00B	1.02B	1.10B	1.09B	1.04B	628.50M	3.68B	555.70M
Cash Dividends to Common per Share	$0.00	$0.00	$0.75	$1.00	$1.00	$1.00	$2.16	$2.16	$2.16	-

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-201	85	-148	-49	57	-1,995	-78	-8,736	511	-3,069	578
Consolidated Net Income / (Loss)	-201	85	-148	-49	57	-1,995	-78	-8,736	511	-3,069	578
Net Income / (Loss) Continuing Operations	-201	85	-148	-49	57	-1,995	-78	-8,736	511	-3,069	578
Total Pre-Tax Income	-245	-119	-172	-41	102	-2,142	-85	-8,690	680	-3,182	937
Total Operating Income	107	154	126	135	45	-1,776	223	-8,421	390	-3,284	1,384
Total Gross Profit	1,495	1,623	1,529	1,615	1,638	1,780	1,791	1,921	1,921	1,974	2,391
Total Revenue	3,182	3,329	3,221	3,268	3,290	3,517	3,641	3,661	3,738	3,800	4,390
Operating Revenue	3,182	3,329	3,221	3,268	3,290	3,517	3,641	3,661	3,738	3,800	4,390
Total Cost of Revenue	1,687	1,706	1,692	1,653	1,652	1,737	1,850	1,740	1,817	1,826	1,999
Operating Cost of Revenue	1,687	1,706	1,692	1,653	1,652	1,737	1,850	1,740	1,817	1,826	1,999
Total Operating Expenses	1,388	1,469	1,403	1,480	1,593	3,556	1,568	10,342	1,531	5,258	1,007
Selling, General & Admin Expense	675	711	696	742	823	896	791	790	721	671	792
Depreciation Expense	713	758	707	743	748	751	755	746	733	796	808
Other Operating Expenses / (Income)	0.00	-	0.00	-5.00	22	9.00	22	13	77	480	-593
Total Other Income / (Expense), net	-352	-273	-298	-176	57	-366	-308	-269	290	102	-447
Interest Expense	382	286	352	370	16	290	295	285	-330	75	354
Other Income / (Expense), net	30	13	54	194	73	-76	-13	16	-40	177	-93
Income Tax Expense	-44	-204	-24	8.00	45	-147	-7.00	46	169	-113	359
Basic Earnings per Share	($0.20)	$0.08	($0.15)	($0.05)	$0.06	($2.04)	($0.08)	($8.88)	$0.52	($3.04)	$0.57
Weighted Average Basic Shares Outstanding	991.27M	987.68M	988.79M	987.24M	984.86M	983.08M	983.55M	983.45M	981.56M	1.01B	1.01B
Diluted Earnings per Share	($0.20)	$0.08	($0.15)	($0.05)	$0.06	($2.04)	($0.08)	($8.88)	$0.52	($3.04)	$0.57
Weighted Average Diluted Shares Outstanding	991.27M	987.68M	988.79M	987.24M	986.26M	983.08M	983.55M	983.45M	982.28M	1.01B	1.02B
Weighted Average Basic & Diluted Shares Outstanding	1.03B	1.01B	1.01B	1.02B	1.02B	1.01B	1.01B	1.01B	1.00B	1.00B	1.03B

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	12	-753	1,146	-85	-656	1,898	-119	-731	-107	1,042	-156
Net Cash From Operating Activities	1,095	688	2,032	511	1,102	784	881	-100	595	841	1,123
Net Cash From Continuing Operating Activities	1,095	688	2,032	511	1,102	784	881	-100	595	841	1,123
Net Income / (Loss) Continuing Operations	-201	85	-148	-49	57	-1,995	-78	-8,736	511	-3,069	578
Consolidated Net Income / (Loss)	-201	85	-148	-49	57	-1,995	-78	-8,736	511	-3,069	578
Depreciation Expense	713	758	707	743	748	751	755	746	733	796	808
Non-Cash Adjustments To Reconcile Net Income	58	39	29	-174	-315	1,973	83	8,827	-411	3,646	-410
Changes in Operating Assets and Liabilities, net	525	-194	1,444	-9.00	612	55	121	-937	-238	-532	147
Net Cash From Investing Activities	-769	-831	-805	-496	-698	1,031	-827	-789	-616	4,882	1,864
Net Cash From Continuing Investing Activities	-769	-831	-805	-496	-698	1,031	-827	-789	-616	4,882	1,864
Purchase of Property, Plant & Equipment	-791	-915	-850	-753	-713	-821	-843	-796	-640	-833	-845
Sale of Property, Plant & Equipment	14	83	19	252	12	130	9.00	3.00	23	53	2.00
Other Investing Activities, net	8.00	1.00	11	5.00	3.00	-21	4.00	4.00	1.00	-	-
Net Cash From Financing Activities	-314	-610	-81	-100	-1,060	83	-173	158	-86	-4,681	-3,143
Net Cash From Continuing Financing Activities	-314	-610	-81	-100	-1,060	83	-173	158	-86	-4,681	-3,143
Repayment of Debt	-2,592	-610	-281	100	-2,382	-116	-172	159	-78	-4,401	-2,368
Payment of Dividends	-1.00	-	-	-	-3.00	-1.00	-1.00	-1.00	-8.00	-	-255
Issuance of Debt	2,279	-	200	-200	1,325	200	-	-	0.00	-80	-520
Cash Interest Paid	280	368	306	232	339	252	325	198	363	273	393
Cash Income Taxes Paid	1.00	183	157	142	-724	14	19	1,174	96	18	-

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	33,496	34,018	45,612	57,993	59,394	64,742	70,256	75,611	47,017	47,604
Total Current Assets	4,394	4,775	5,451	11,536	3,176	4,768	3,820	4,194	5,162	2,650
Cash & Equivalents	1,889	2,234	1,251	354	406	1,690	488	551	222	126
Accounts Receivable	1,231	1,318	1,508	1,544	1,962	2,259	2,398	2,557	2,017	1,943
Other Current Assets	1,274	1,223	803	829	808	819	918	941	547	573
Plant, Property, & Equipment, net	20,421	19,758	19,166	20,895	26,338	26,079	26,408	26,852	17,039	18,069
Total Noncurrent Assets	8,681	9,485	20,995	25,562	29,880	33,895	40,028	44,565	24,816	26,885
Goodwill	1,964	1,964	12,657	15,986	18,870	21,534	28,031	30,475	19,650	20,742
Intangible Assets	4,806	5,470	6,166	6,970	8,219	9,567	10,779	12,773	4,328	5,483
Other Noncurrent Operating Assets	1,911	2,051	2,172	2,606	2,791	2,794	1,218	1,317	838	660
Total Liabilities & Shareholders' Equity	33,496	34,018	45,612	57,993	59,394	64,742	70,256	75,611	47,017	47,604
Total Liabilities	33,032	33,601	35,238	46,153	48,232	51,272	50,428	52,120	33,618	33,544
Total Current Liabilities	3,639	3,534	4,897	7,169	6,634	7,258	5,531	4,857	5,349	4,604
Short-Term Debt	412	157	154	1,554	2,427	2,300	652	443	1,503	1,503
Accounts Payable	749	1,134	1,044	758	1,134	1,724	1,933	1,555	1,179	968
Current Deferred Revenue	861	647	596	617	753	804	832	892	672	743
Current Deferred & Payable Income Tax Liabilities	272	251	1,158	228	314	311	337	370	301	318
Current Employee Benefit Liabilities	716	696	692	860	1,008	1,037	1,104	890	802	602
Other Current Liabilities	432	481	621	617	707	802	357	344	213	220
Other Current Nonoperating Liabilities	197	168	632	2,535	291	280	316	363	679	250
Total Noncurrent Liabilities	29,393	30,067	30,341	38,984	41,598	44,014	44,897	47,263	28,269	28,940
Long-Term Debt	17,494	19,831	20,418	27,428	29,410	32,394	35,409	37,283	18,185	18,722
Noncurrent Deferred Revenue	3,733	1,969	1,758	-	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	2,890	3,127	3,163	4,049	3,342	2,918	2,527	2,413	3,471	3,569
Noncurrent Employee Benefit Liabilities	2,205	2,490	2,391	3,710	4,556	4,594	4,319	5,178	5,527	5,511
Other Noncurrent Operating Liabilities	3,071	2,650	2,611	3,797	4,290	4,108	2,642	2,389	1,086	1,138
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	464	417	10,374	11,840	11,162	13,470	19,828	23,491	13,399	14,060
Total Preferred & Common Equity	464	417	10,374	11,840	11,162	13,470	19,828	23,491	13,399	14,060
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	464	417	10,374	11,840	11,162	13,470	19,828	23,491	13,399	14,060
Common Stock	19,149	19,134	19,082	19,996	22,006	22,964	23,932	24,383	15,517	15,722
Retained Earnings	-17,962	-17,907	-7,609	-5,998	-8,031	-6,814	-1,643	1,103	-1.00	272
Accumulated Other Comprehensive Income / (Loss)	-723	-810	-1,099	-2,158	-2,813	-2,680	-2,461	-1,995	-2,117	-1,934

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	33,538	33,989	32,943	33,173	35,921	36,168	45,530	54,817
Total Current Assets	4,277	4,736	3,760	3,935	4,646	4,873	5,405	9,382
Cash & Equivalents	1,900	2,640	1,495	1,580	311	411	1,148	252
Accounts Receivable	1,180	1,225	1,294	1,322	1,411	1,473	1,432	1,457
Other Current Assets	1,197	871	971	1,033	982	984	879	894
Plant, Property, & Equipment, net	20,568	20,344	20,089	19,908	19,606	19,432	19,321	20,713
Total Noncurrent Assets	8,693	8,909	9,094	9,330	11,669	11,863	20,804	24,722
Goodwill	1,964	1,964	1,964	1,964	3,864	3,864	12,657	15,918
Intangible Assets	4,660	4,967	5,127	5,290	5,744	5,899	6,034	6,436
Other Noncurrent Operating Assets	2,069	1,978	2,003	2,076	2,061	2,100	2,113	2,368
Total Liabilities & Shareholders' Equity	33,538	33,989	32,943	33,173	35,921	36,168	45,530	54,817
Total Liabilities	33,249	33,647	32,477	32,669	33,702	33,884	34,535	42,240
Total Current Liabilities	3,545	3,940	3,738	3,816	3,920	3,963	4,848	8,715
Short-Term Debt	330	415	192	86	155	154	153	3,474
Accounts Payable	773	905	995	1,162	1,015	1,171	1,131	1,009
Current Deferred Revenue	876	808	670	665	643	627	607	624
Current Deferred & Payable Income Tax Liabilities	305	434	597	761	287	234	1,303	275
Current Employee Benefit Liabilities	563	700	605	578	733	605	590	788
Other Current Liabilities	461	442	460	454	470	500	504	569
Other Current Nonoperating Liabilities	237	236	219	110	617	672	560	1,976
Total Noncurrent Liabilities	29,704	29,707	28,739	28,853	29,782	29,921	29,687	33,525
Long-Term Debt	17,334	18,142	18,411	18,591	19,740	19,899	19,743	21,764
Noncurrent Deferred Revenue	4,226	3,541	2,112	2,021	1,902	1,850	1,808	-
Noncurrent Deferred & Payable Income Tax Liabilities	2,731	3,138	3,142	3,143	3,192	3,204	3,200	4,595
Noncurrent Employee Benefit Liabilities	2,177	2,249	2,437	2,457	2,322	2,335	2,358	3,192
Other Noncurrent Operating Liabilities	3,236	2,637	2,637	2,641	2,626	2,633	2,578	3,974
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	289	342	466	504	2,219	2,284	10,995	12,577
Total Preferred & Common Equity	289	342	466	504	2,219	2,284	10,995	12,577
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	289	342	466	504	2,219	2,284	10,995	12,577
Common Stock	19,152	19,155	19,151	19,153	19,125	19,108	19,099	19,256
Retained Earnings	-18,163	-18,047	-17,899	-17,850	-15,849	-15,771	-7,035	-4,477
Accumulated Other Comprehensive Income / (Loss)	-700	-766	-786	-799	-1,057	-1,053	-1,069	-2,202

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.28%	-5.35%	-11.54%	-10.73%	-11.99%	-7.45%	-17.06%	-20.62%	-20.06%	-21.60%	-10.17%
EBITDA Growth	-1.85%	184.01%	-8.08%	114.00%	-20.04%	52.36%	-54.03%	-573.65%	-44.77%	-220.36%	2.69%
EBIT Growth	16.10%	109.02%	-14.29%	103.91%	-66.29%	40.39%	-83.73%	-1,163.92%	-69.64%	-397.89%	18.12%
NOPAT Growth	197.85%	108.67%	-43.50%	101.60%	-91.42%	45.92%	-81.72%	-951.15%	-63.81%	-364.65%	-0.65%
Net Income Growth	-452.63%	104.26%	-89.74%	99.44%	-88.85%	35.00%	-113.49%	-2,639.53%	-14.69%	-704.13%	6.25%
EPS Growth	-433.33%	103.92%	-87.50%	99.44%	-88.46%	32.89%	-114.04%	-2,711.76%	-11.86%	-708.00%	11.76%
Operating Cash Flow Growth	-0.64%	-12.24%	130.65%	611.00%	85.21%	-6.78%	-21.55%	-107.16%	-56.73%	-47.67%	-35.09%
Free Cash Flow Firm Growth	-85.98%	-80.03%	-67.27%	-58.08%	82.82%	156.16%	455.09%	-27.62%	-38.24%	-63.83%	-82.42%
Invested Capital Growth	-8.02%	-9.06%	-19.45%	-13.60%	-37.54%	-35.51%	-37.49%	-38.33%	-16.35%	-16.83%	-4.06%
Revenue Q/Q Growth	-4.42%	3.35%	-1.44%	-0.67%	-6.45%	-3.41%	-0.55%	-2.06%	-1.63%	-13.44%	-4.81%
EBITDA Q/Q Growth	-8.11%	4.28%	-17.26%	23.79%	178.66%	-214.09%	112.60%	-807.20%	146.86%	-210.10%	29.81%
EBIT Q/Q Growth	-17.96%	-7.22%	-45.29%	178.81%	106.37%	-981.90%	102.50%	-2,501.43%	111.26%	-340.67%	63.42%
NOPAT Q/Q Growth	-30.52%	22.22%	-6.67%	275.79%	102.02%	-896.41%	102.65%	-2,111.34%	112.75%	-369.26%	23.27%
Net Income Q/Q Growth	-336.47%	157.43%	-202.04%	-185.96%	102.86%	-2,457.69%	99.11%	-1,809.59%	116.65%	-630.97%	68.02%
EPS Q/Q Growth	-350.00%	153.33%	-200.00%	-183.33%	102.94%	-2,450.00%	99.10%	-1,807.69%	117.11%	-633.33%	67.65%
Operating Cash Flow Q/Q Growth	59.16%	-66.14%	297.65%	-53.63%	40.56%	-11.01%	981.00%	-116.81%	-29.25%	-25.11%	-19.56%
Free Cash Flow Firm Q/Q Growth	-15.43%	-56.55%	40.65%	-72.88%	20.50%	-28.80%	80.12%	18.30%	68.84%	54.29%	-76.51%
Invested Capital Q/Q Growth	-2.33%	1.11%	-7.30%	0.46%	-3.42%	-10.45%	-0.56%	-27.38%	-0.28%	-13.19%	-1.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.98%	48.75%	47.47%	49.42%	49.79%	50.61%	49.19%	52.47%	51.39%	51.95%	54.46%
EBITDA Margin	26.71%	27.79%	27.54%	32.80%	26.32%	-31.31%	26.50%	-209.21%	28.97%	-60.82%	47.81%
Operating Margin	3.36%	4.63%	3.91%	4.13%	1.37%	-50.50%	6.12%	-230.02%	10.43%	-86.42%	31.53%
EBIT Margin	4.31%	5.02%	5.59%	10.07%	3.59%	-52.66%	5.77%	-229.58%	9.36%	-81.76%	29.41%
Profit (Net Income) Margin	-6.32%	2.55%	-4.59%	-1.50%	1.73%	-56.72%	-2.14%	-238.62%	13.67%	-80.76%	13.17%
Tax Burden Percent	82.04%	-71.43%	86.05%	119.51%	55.88%	93.14%	91.76%	100.53%	75.15%	96.45%	61.69%
Interest Burden Percent	-178.83%	-71.26%	-95.56%	-12.46%	86.44%	115.66%	-40.48%	103.39%	194.29%	102.41%	72.58%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	44.12%	0.00%	0.00%	0.00%	24.85%	0.00%	38.31%
Return on Invested Capital (ROIC)	1.80%	2.42%	1.97%	2.07%	0.47%	-22.00%	2.39%	-92.99%	4.17%	-33.76%	10.77%
ROIC Less NNEP Spread (ROIC-NNEP)	0.14%	2.29%	0.60%	1.26%	0.65%	-26.18%	1.17%	-107.38%	5.28%	-37.57%	9.49%
Return on Net Nonoperating Assets (RNNOA)	5.79%	88.76%	8.02%	16.34%	1.96%	-87.30%	3.05%	-292.33%	8.85%	-68.37%	17.24%
Return on Equity (ROE)	7.59%	91.18%	9.99%	18.41%	2.43%	-109.30%	5.44%	-385.32%	13.01%	-102.13%	28.00%
Cash Return on Invested Capital (CROIC)	10.51%	11.33%	15.98%	9.58%	16.04%	14.50%	16.97%	21.67%	16.47%	18.59%	13.74%
Operating Return on Assets (OROA)	1.68%	1.95%	2.13%	4.00%	1.29%	-19.25%	1.89%	-76.28%	2.99%	-27.59%	9.63%
Return on Assets (ROA)	-2.46%	0.99%	-1.75%	-0.60%	0.62%	-20.74%	-0.70%	-79.28%	4.37%	-27.25%	4.31%
Return on Common Equity (ROCE)	7.59%	91.18%	9.99%	18.41%	2.43%	-109.30%	5.44%	-385.32%	13.01%	-102.13%	28.00%
Return on Equity Simple (ROE_SIMPLE)	-108.30%	0.00%	-624.27%	-443.13%	-2,133.33%	0.00%	-512.48%	-469.18%	-14.88%	0.00%	16.13%
Net Operating Profit after Tax (NOPAT)	75	108	88	95	25	-1,243	156	-5,895	293	-2,299	854
NOPAT Margin	2.35%	3.24%	2.74%	2.89%	0.76%	-35.35%	4.29%	-161.01%	7.84%	-60.49%	19.45%
Net Nonoperating Expense Percent (NNEP)	1.66%	0.13%	1.37%	0.81%	-0.18%	4.18%	1.22%	14.39%	-1.12%	3.81%	1.28%
Return On Investment Capital (ROIC_SIMPLE)	0.42%	0.59%	-	-	-	-6.09%	-	-	-	-7.43%	-
Cost of Revenue to Revenue	53.02%	51.25%	52.53%	50.58%	50.21%	49.39%	50.81%	47.53%	48.61%	48.05%	45.54%
SG&A Expenses to Revenue	21.21%	21.36%	21.61%	22.71%	25.02%	25.48%	21.72%	21.58%	19.29%	17.66%	18.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.62%	44.13%	43.56%	45.29%	48.42%	101.11%	43.07%	282.49%	40.96%	138.37%	22.94%
Earnings before Interest and Taxes (EBIT)	137	167	180	329	118	-1,852	210	-8,405	350	-3,107	1,291
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	850	925	887	1,072	866	-1,101	965	-7,659	1,083	-2,311	2,099
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	13.75	11.61	21.11	2.40	3.12	4.43	0.65	0.99	0.24	0.52	0.60
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	0.00
Price to Revenue (P/Rev)	0.31	0.41	0.54	0.08	0.11	0.13	0.10	0.15	0.16	0.31	0.41
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.71
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	44.25%	37.74%	19.16%	13.74%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.92%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.28	1.40	1.02	1.05	1.07	1.03	1.06	0.75	0.87	0.99
Enterprise Value to Revenue (EV/Rev)	1.52	1.63	1.74	1.33	1.32	1.35	1.42	1.41	1.29	1.41	1.76
Enterprise Value to EBITDA (EV/EBITDA)	5.29	5.71	13.42	10.11	0.00	0.00	0.00	0.00	8.60	7.34	4.28
Enterprise Value to EBIT (EV/EBIT)	24.28	26.96	0.00	0.00	0.00	0.00	0.00	0.00	0.00	194.66	7.60
Enterprise Value to NOPAT (EV/NOPAT)	54.02	66.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	371.75	10.13
Enterprise Value to Operating Cash Flow (EV/OCF)	4.56	4.94	5.22	5.56	7.00	9.07	9.48	8.91	5.41	5.22	5.91
Enterprise Value to Free Cash Flow (EV/FCFF)	11.05	10.79	7.83	9.91	5.05	5.78	4.65	3.75	4.18	4.25	7.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	61.12	38.59	54.26	39.92	37.06	47.93	8.97	8.78	1.81	1.98	2.01
Long-Term Debt to Equity	59.98	37.70	53.05	39.51	36.89	47.56	8.90	8.71	1.80	1.97	1.73
Financial Leverage	41.88	38.75	13.44	12.96	3.01	3.33	2.60	2.72	1.67	1.82	1.82
Leverage Ratio	84.12	76.63	27.30	25.13	6.84	7.38	6.13	6.47	4.45	4.66	4.76
Compound Leverage Factor	-150.44	-54.61	-26.08	-3.13	5.92	8.53	-2.48	6.69	8.64	4.78	3.46
Debt to Total Capital	98.39%	97.47%	98.19%	97.56%	97.37%	97.96%	89.97%	89.77%	64.41%	66.48%	66.74%
Short-Term Debt to Total Capital	1.84%	2.24%	2.20%	1.01%	0.45%	0.77%	0.70%	0.69%	0.50%	0.50%	9.19%
Long-Term Debt to Total Capital	96.55%	95.23%	95.99%	96.55%	96.92%	97.19%	89.26%	89.09%	63.91%	65.98%	57.55%
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%	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%	0.00%
Common Equity to Total Capital	1.61%	2.53%	1.81%	2.44%	2.63%	2.04%	10.03%	10.23%	35.59%	33.52%	33.26%
Debt to EBITDA	4.73	4.77	10.76	10.32	-2.70	-2.98	-2.51	-2.95	8.00	6.11	3.32
Net Debt to EBITDA	4.22	4.27	9.23	9.49	-2.47	-2.65	-2.47	-2.89	7.54	5.74	3.29
Long-Term Debt to EBITDA	4.64	4.67	10.52	10.22	-2.68	-2.95	-2.49	-2.93	7.94	6.07	2.86
Debt to NOPAT	48.34	55.61	-18.03	-19.36	-2.69	-2.98	-2.56	-2.88	-47.53	309.35	7.86
Net Debt to NOPAT	43.14	49.74	-15.47	-17.80	-2.46	-2.65	-2.52	-2.83	-44.79	290.54	7.78
Long-Term Debt to NOPAT	47.44	54.33	-17.63	-19.16	-2.67	-2.96	-2.54	-2.86	-47.16	307.04	6.78
Altman Z-Score	-0.26	-0.22	-0.18	-0.29	-0.28	-0.41	-0.14	-0.88	0.23	0.03	0.42
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.21	1.21	1.20	1.01	1.03	1.35	1.19	1.23	1.11	1.11	1.08
Quick Ratio	0.87	0.86	0.98	0.75	0.76	1.01	0.44	0.48	0.53	0.56	0.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,496	1,769	4,071	2,895	10,671	8,856	12,438	6,905	5,837	3,457	2,241
Operating Cash Flow to CapEx	140.93%	82.69%	244.52%	102.00%	157.20%	113.46%	105.64%	-12.61%	96.43%	107.82%	133.21%
Free Cash Flow to Firm to Interest Expense	3.92	6.18	11.57	7.82	666.95	30.54	42.16	24.23	0.00	46.10	6.33
Operating Cash Flow to Interest Expense	2.87	2.41	5.77	1.38	68.88	2.70	2.99	-0.35	0.00	11.21	3.17
Operating Cash Flow Less CapEx to Interest Expense	0.83	-0.50	3.41	0.03	25.06	0.32	0.16	-3.13	0.00	0.81	0.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.39	0.38	0.40	0.36	0.37	0.33	0.33	0.32	0.34	0.33
Accounts Receivable Turnover	10.39	10.28	10.09	9.91	10.25	10.30	10.35	10.63	11.60	11.45	12.36
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.64	0.65	0.67	0.69	0.72	0.75	0.74	0.78	0.82	0.87	0.89
Accounts Payable Turnover	6.96	7.12	7.01	6.36	6.09	6.56	7.15	6.64	7.58	8.73	8.84
Days Sales Outstanding (DSO)	35.12	35.49	36.18	36.82	35.62	35.43	35.27	34.34	31.46	31.87	29.54
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	52.41	51.27	52.03	57.36	59.96	55.64	51.07	54.98	48.18	41.80	41.27
Cash Conversion Cycle (CCC)	-17.29	-15.78	-15.85	-20.54	-24.34	-20.21	-15.80	-20.65	-16.73	-9.93	-11.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,290	16,678	16,495	17,793	17,711	18,339	20,478	20,593	28,357	28,438	32,760
Invested Capital Turnover	0.76	0.75	0.72	0.71	0.61	0.62	0.56	0.58	0.53	0.56	0.55
Increase / (Decrease) in Invested Capital	-1,421	-1,661	-3,983	-2,800	-10,646	-10,099	-12,282	-12,800	-5,544	-5,756	-1,387
Enterprise Value (EV)	19,738	21,406	23,136	18,225	18,671	19,600	21,015	21,912	21,401	24,722	32,523
Market Capitalization	3,974	5,389	7,219	1,117	1,574	1,846	1,431	2,270	2,653	5,401	7,537
Book Value per Share	$0.29	$0.46	$0.34	$0.46	$0.51	$0.41	$2.20	$2.27	$10.98	$10.03	$12.15
Tangible Book Value per Share	($6.25)	($6.21)	($6.48)	($6.53)	($6.85)	($6.96)	($7.33)	($7.45)	($7.69)	($8.17)	($9.44)
Total Capital	17,953	18,370	18,899	19,069	19,181	20,405	22,114	22,337	30,891	30,946	37,815
Total Debt	17,664	17,906	18,557	18,603	18,677	19,988	19,895	20,053	19,896	20,572	25,238
Total Long-Term Debt	17,334	17,494	18,142	18,411	18,591	19,831	19,740	19,899	19,743	20,418	21,764
Net Debt	15,764	16,017	15,917	17,108	17,097	17,754	19,584	19,642	18,748	19,321	24,986
Capital Expenditures (CapEx)	777	832	831	501	701	691	834	793	617	780	843
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-838	-722	-1,429	-1,281	-1,375	-836	570	653	-438	-543	3,889
Debt-free Net Working Capital (DFNWC)	1,062	1,167	1,211	214	205	1,398	881	1,064	710	708	4,141
Net Working Capital (NWC)	732	755	796	22	119	1,241	726	910	557	554	667
Net Nonoperating Expense (NNE)	276	23	236	144	-32	752	234	2,841	-218	770	276
Net Nonoperating Obligations (NNO)	16,001	16,214	16,153	17,327	17,207	17,922	18,259	18,309	17,362	18,064	20,183
Total Depreciation and Amortization (D&A)	713	758	707	743	748	751	755	746	733	796	808
Debt-free, Cash-free Net Working Capital to Revenue	-6.45%	-5.51%	-10.75%	-9.34%	-9.75%	-5.74%	3.84%	4.19%	-2.65%	-3.11%	20.99%
Debt-free Net Working Capital to Revenue	8.17%	8.90%	9.11%	1.56%	1.45%	9.60%	5.94%	6.83%	4.29%	4.05%	22.35%
Net Working Capital to Revenue	5.63%	5.76%	5.99%	0.16%	0.84%	8.53%	4.89%	5.84%	3.37%	3.17%	3.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	$0.08	($0.15)	($0.05)	$0.06	($2.04)	($0.08)	($8.88)	$0.52	($3.04)	$0.57
Adjusted Weighted Average Basic Shares Outstanding	991.27M	987.68M	988.79M	987.24M	984.86M	983.08M	983.55M	983.45M	981.56M	1.01B	1.01B
Adjusted Diluted Earnings per Share	($0.20)	$0.08	($0.15)	($0.05)	$0.06	($2.04)	($0.08)	($8.88)	$0.52	($3.04)	$0.57
Adjusted Weighted Average Diluted Shares Outstanding	991.27M	987.68M	988.79M	987.24M	986.26M	983.08M	983.55M	983.45M	982.28M	1.01B	1.02B
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.03B	1.01B	1.01B	1.02B	1.02B	1.01B	1.01B	1.01B	1.00B	1.00B	1.03B
Normalized Net Operating Profit after Tax (NOPAT)	75	108	88	95	25	-1,243	156	260	293	-2,299	854
Normalized NOPAT Margin	2.35%	3.24%	2.74%	2.89%	0.76%	-35.35%	4.29%	7.11%	7.84%	-60.49%	19.45%
Pre Tax Income Margin	-7.70%	-3.57%	-5.34%	-1.25%	3.10%	-60.90%	-2.33%	-237.37%	18.19%	-83.74%	21.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.36	0.58	0.51	0.89	7.38	-6.39	0.71	-29.49	0.00	-41.43	3.65
NOPAT to Interest Expense	0.20	0.38	0.25	0.26	1.57	-4.29	0.53	-20.68	0.00	-30.65	2.41
EBIT Less CapEx to Interest Expense	-1.68	-2.33	-1.85	-0.46	-36.44	-8.77	-2.12	-32.27	0.00	-51.83	1.27
NOPAT Less CapEx to Interest Expense	-1.84	-2.53	-2.11	-1.10	-42.24	-6.67	-2.30	-23.47	0.00	-41.05	0.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-0.32%	-5.45%	-0.19%	-0.24%	-0.06%	-0.11%	-0.09%	-2.46%	-31.60%	-50.39%	50.91%
Augmented Payout Ratio	-0.32%	-5.45%	-0.19%	-0.24%	-0.06%	-0.11%	-0.09%	-2.46%	-31.60%	-63.31%	50.91%

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. View Lumen Technologies' forecast to see where analysts expect Lumen Technologies to go next.

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 5/21/2025 by MarketBeat.com Staff

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