LEVEL 3 PARENT, LLC Financial Statements (2025 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
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 496 | 399 | 2,017 | 146 | 256 | 147 | |||
| Cash and cash equivalents | 496 | 399 | 2,017 | 146 | 256 | 147 | |||
| Restricted cash and investments | 1 | 1 | |||||||
| Receivables | (11) | (11) | 546 | 567 | 518 | 1,993 | |||
| Disposal group, including discontinued operation | 12 | 1,885 | 1,937 | 1,873 | |||||
| Other current assets | 225 | 232 | 232 | 220 | 209 | 225 | |||
| Other undisclosed current assets | 3,306 | 3,337 | 1,464 | 1,466 | 1,466 | ||||
| Total current assets: | 4,016 | 3,958 | 4,272 | 4,284 | 4,386 | 4,238 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,466 | 7,413 | 7,398 | 7,384 | 7,384 | 7,372 | |||
| Intangible assets, net (including goodwill) | 3,888 | 4,067 | (5,963) | (5,684) | (5,525) | 6,795 | |||
| Goodwill | (10,200) | (10,200) | (10,200) | 1,970 | |||||
| Intangible assets, net (excluding goodwill) | 3,888 | 4,067 | 4,237 | 4,516 | 4,675 | 4,825 | |||
| Restricted cash and investments | 2 | 2 | |||||||
| Other noncurrent assets | 1,255 | 1,289 | 1,346 | 1,320 | 1,362 | 1,387 | |||
| Other undisclosed noncurrent assets | 10,200 | 10,198 | 10,198 | ||||||
| Total noncurrent assets: | 12,609 | 12,769 | 12,981 | 13,220 | 13,421 | 15,554 | |||
| TOTAL ASSETS: | 16,625 | 16,727 | 17,253 | 17,504 | 17,807 | 19,792 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 387 | 302 | 382 | 283 | 200 | 622 | |||
| Accounts payable | 434 | ||||||||
| Accrued liabilities | 387 | 302 | 382 | 283 | 200 | 188 | |||
| Deferred revenue | 310 | 312 | 300 | 292 | 279 | 272 | |||
| Debt | 34 | 32 | 31 | 29 | 28 | 26 | |||
| Disposal group, including discontinued operation | 474 | 488 | 466 | ||||||
| Other liabilities | 61 | 54 | 78 | 145 | 156 | 95 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 107 | ||
| Other undisclosed current liabilities | 586 | 698 | 717 | 698 | 779 | 323 | |||
| Total current liabilities: | 1,378 | 1,398 | 1,508 | 1,921 | 1,930 | 1,911 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 10,161 | 10,155 | 8,952 | 8,960 | 8,966 | 8,963 | |||
| Finance lease, liability | 190 | ||||||||
| Other undisclosed long-term debt and lease obligation | 10,161 | 10,155 | 8,762 | 8,960 | 8,966 | 8,963 | |||
| Liabilities, other than long-term debt | 3,183 | 3,170 | 3,177 | 3,051 | 3,028 | 3,052 | |||
| Deferred revenue | 1,775 | 1,682 | 1,623 | 1,554 | 1,486 | 1,471 | |||
| Other liabilities | 635 | 682 | 709 | 657 | 674 | 702 | |||
| Operating lease, liability | 773 | 806 | 845 | 840 | 868 | 879 | |||
| Total noncurrent liabilities: | 13,344 | 13,325 | 12,129 | 12,011 | 11,994 | 12,015 | |||
| Total liabilities: | 14,722 | 14,723 | 13,637 | 13,932 | 13,924 | 13,926 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,903 | 2,004 | 3,616 | 3,572 | 3,883 | 5,866 | |||
| Accumulated other comprehensive loss | (30) | (30) | (28) | (346) | (332) | (333) | |||
| Other undisclosed equity, attributable to parent | 1,933 | 2,034 | 3,644 | 3,918 | 4,215 | 6,199 | |||
| Total equity: | 1,903 | 2,004 | 3,616 | 3,572 | 3,883 | 5,866 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,625 | 16,727 | 17,253 | 17,504 | 17,807 | 19,792 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,600 | 1,590 | 1,726 | 1,763 | 1,764 | 1,784 | ||
| Cost of revenue | (1,083) | (1,110) | (447) | (1,149) | (1,145) | (1,187) | ||
| Cost of goods and services sold | (658) | (672) | (747) | (779) | (731) | (771) | ||
| Gross profit: | 517 | 480 | 1,279 | 614 | 619 | 597 | ||
| Operating expenses | (484) | (523) | (1,278) | (526) | (2,468) | (462) | ||
| Operating income (loss): | 33 | (43) | 1 | 88 | (1,849) | 135 | ||
| Nonoperating income (expense) | (168) | (39) | 331 | (146) | (98) | (72) | ||
| Investment income, nonoperating | 16 | |||||||
| Other nonoperating income (expense) | (3) | 14 | (39) | 7 | 5 | |||
| Interest and debt expense | (240) | 54 | (122) | (123) | (120) | (93) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (375) | (28) | 210 | (181) | (2,067) | (30) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 240 | (54) | (274) | 123 | 120 | 93 | ||
| Income (loss) from continuing operations before income taxes: | (135) | (82) | (64) | (58) | (1,947) | 63 | ||
| Income tax expense (benefit) | 34 | 18 | (12) | 13 | 23 | (22) | ||
| Net income (loss) available to common stockholders, diluted: | (101) | (64) | (76) | (45) | (1,924) | 41 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (101) | (64) | (76) | (45) | (1,924) | 41 | ||
| Other comprehensive income (loss) | (2) | (14) | 1 | 11 | ||||
| Other undisclosed comprehensive income | 2 | |||||||
| Comprehensive income (loss): | (101) | (66) | (74) | (59) | (1,923) | 52 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 316 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (101) | (66) | 242 | (59) | (1,923) | 52 | ||
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.