LEVEL 3 PARENT, LLC Financial Statements (2026 and earlier)

Company Profile

Business Address 1025 ELDORADO BOULEVARD
BROOMFIELD, CO 80021
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6002,017118146190316
Cash and cash equivalent6002,017118146190316
Restricted cash and investments11   3
Receivables5345461,9852,1102,1512,257
Disposal group, including discontinued operation  121,8532,708  
Other current assets246232197239297266
Other undisclosed current assets2,6651,464    
Total current assets:4,0464,2724,1535,2032,6382,842
Noncurrent Assets
Operating lease, right-of-use asset      1,060
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization7,5547,3987,3039,04210,5189,936
Intangible asset, including goodwill, after accumulated amortization3,569(5,963)6,94312,39114,0107,884
Goodwill  (10,200)1,9706,6667,4057,415
Intangible asset, excluding goodwill, after accumulated amortization3,5694,2374,9735,7256,605469
Restricted cash and investments      19
Other noncurrent assets1,2571,3461,3601,4591,410492
Other undisclosed noncurrent assets  10,200   6,865
Total noncurrent assets:12,38012,98115,60622,89225,93826,256
TOTAL ASSETS:16,42617,25319,75928,09528,57629,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4193822322593311,131
Interest and dividends payable✕✕✕✕  85
Taxes payable✕✕✕✕83111152
Employee-related liabilities✕✕✕✕176220240
Accounts payable      654
Accrued liabilities419382232   
Deferred revenue529300274291315309
Debt363126261411
Disposal group, including discontinued operation   446435  
Other liabilities647810915015977
Due to related parties✕✕✕7018869669
Other undisclosed current liabilities801717691680736249
Total current liabilities:1,8491,5081,8481,8592,4242,446
Noncurrent Liabilities
Long-term debt and lease obligation, including:9,6298,9528,07010,39610,37310,356
Finance lease, liability174190210226241160
Other undisclosed long-term debt and lease obligation9,4558,7627,8609,2179,2299,342
Liabilities, other than long-term debt, including:4,7523,1773,0431,8782,2182,751
Deferred revenue3,3921,6231,4201,4041,3961,343
Deferred income tax liabilities     247 
Other liabilities641709701474575313
Operating lease, liability719845922953903854
Other undisclosed liabilities, other than long-term debt      1,095
Total noncurrent liabilities:14,38112,12911,11312,27412,59113,107
Total liabilities:16,23013,63712,96114,13315,01515,553
Equity
Equity, attributable to parent, including:1963,6166,79813,00912,90513,545
Accumulated other comprehensive loss(26)(28)(344)(351)(234)(179)
Other undisclosed equity, attributable to parent2223,6447,14213,36013,13913,724
Total equity:1963,6166,79813,00912,90513,545
Other undisclosed liabilities and equity    953656 
TOTAL LIABILITIES AND EQUITY:16,42617,25319,75928,09528,57629,098

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues6,4967,0377,4937,9527,9338,185
Cost of revenue(4,355)(4,468)(5,260)(4,848)(4,639)(4,894)
Cost of product and service sold(2,720)(3,028)(3,229)(3,525)(3,486)(3,799)
Gross profit:2,1412,5692,2333,1043,2943,291
Operating expenses(2,080)(4,194)(6,481)(2,072)(2,130)(5,818)
Operating income (loss):61(1,625)(4,248)1,0321,164(2,527)
Nonoperating income (expense)(372)1585112101(419)
Investment income, nonoperating   62655161
Other nonoperating income83152347508
Interest and debt expense119(458)(374)(361)(393)(502)
Other undisclosed income from continuing operations before equity method investments, income taxes      502
Income (loss) from continuing operations before equity method investments, income taxes:(192)(2,068)(4,537)783872(2,946)
Other undisclosed income (loss) from continuing operations before income taxes(119)62    
Income (loss) from continuing operations before income taxes:(311)(2,006)(4,537)783872(2,946)
Income tax expense (benefit)352(256)(197)(221)(255)
Income (loss) from continuing operations:(276)(2,004)(4,793)586651(3,201)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕586651(3,201)
Net income (loss) available to common stockholders, diluted:(276)(2,004)(4,793)586651(3,201)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(276)(2,004)(4,793)586651(3,201)
Other comprehensive income (loss)    30(43)(8)
Comprehensive income (loss):(276)(2,004)(4,793)616608(3,209)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent23167(147)(12) 
Comprehensive income (loss), net of tax, attributable to parent:(274)(1,688)(4,786)469596(3,209)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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