Lumen Technologies, Inc. (LUMN) Financial Statements (2024 and earlier)

Company Profile

Business Address P O BOX 4065
MONROE, LA 71203
State of Incorp. LA
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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2513544061,690488551
Cash and cash equivalents1,2513544061,690488551
Restricted cash and investments    345
Receivables1,4771,5441,9622,2592,3982,557
Disposal group, including discontinued operation1,8898,809 812140
Other current assets803829808808918941
Total current assets:5,42011,5363,1764,7683,8204,194
Noncurrent Assets
Operating lease, right-of-use asset    1,686✕✕
Property, plant and equipment19,16620,89526,33826,07926,40826,852
Intangible assets, net (including goodwill), including:18,82322,95627,08931,10119,10020,060
Goodwill12,65715,98618,87021,53428,03130,475
Intangible assets, net (excluding goodwill)6,1666,9708,2199,56711,0482,166
Other undisclosed intangible assets, net (including goodwill)     (19,979)(12,581)
Restricted cash and investments    242631
Other noncurrent assets2,1722,6062,7911,0841,1921,286
Deferred tax assets, net✕✕✕✕✕ 434
Other undisclosed noncurrent assets     19,71022,754
Total noncurrent assets:40,16146,45756,21859,97466,43671,417
TOTAL ASSETS:45,58157,99359,39464,74270,25675,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9812,1242,7473,3523,6903,178
Interest and dividends payable✕✕278291280316363
Taxes payable✕✕228314311337370
Employee-related liabilities✕✕8601,0081,0371,104890
Accounts payable9507581,1341,7241,9331,555
Accrued liabilities2,031     
Deferred revenue596617753804✕✕
Debt1541,5542,4272,406652443
Disposal group, including discontinued operation4512,257    
Customer advances and deposits✕✕✕✕✕✕892
Contract with customer, liability✕✕✕✕✕832✕
Other liabilities277232328386357344
Other undisclosed current liabilities344385379310  
Total current liabilities:4,8037,1696,6347,2585,5314,857
Noncurrent Liabilities
Long-term debt and lease obligation, including:20,41827,42829,41032,39435,40937,283
Capital lease obligations✕✕✕✕✕196226
Finance lease, liability234251267185✕✕
Other undisclosed long-term debt and lease obligation20,18427,17727,73830,86735,21337,057
Liabilities, other than long-term debt9,92311,55612,18811,3067,8219,980
Deferred revenue   1,028✕✕
Contract with customer, liability✕✕✕✕✕860✕
Deferred tax liabilities, net✕✕✕✕✕ 2,413
Deferred income tax liabilities3,1634,0493,3422,918✕✕
Liability, pension and other postretirement and postemployment benefits2,3913,7104,5564,5944,3195,178
Other liabilities4,3693,7974,2902,7662,6422,389
Operating lease, liability   1,4051,342✕✕
Total noncurrent liabilities:30,34138,98441,59843,70043,23047,263
Total liabilities:35,14446,15348,23250,95848,76152,120
Equity
Equity, attributable to parent10,43711,84011,16213,47019,82823,491
Common stock1,0021,0241,0971,0901,0801,069
Additional paid in capital18,08018,97220,90921,87422,85223,314
Accumulated other comprehensive loss(1,099)(2,158)(2,813)(2,680)(2,461)(1,995)
Retained earnings (accumulated deficit)(7,546)(5,998)(8,031)(6,814)(1,643)1,103
Total equity:10,43711,84011,16213,47019,82823,491
Other undisclosed liabilities and equity    3141,667 
TOTAL LIABILITIES AND EQUITY:45,58157,99359,39464,74270,25675,611

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues17,47819,68720,71222,40123,44317,656
Cost of revenue(8,568)(8,488)(8,934)(10,077)(10,862)(8,203)
Cost of goods and services sold(7,868)(8,488)(8,934)(10,077)(10,862)(8,203)
Gross profit:8,91011,19911,77812,32412,5819,453
Operating expenses(8,815)(6,914)(10,816)(15,050)(22,873)(15,647)
Other undisclosed operating income     10,8628,203
Operating income (loss):954,285962(2,726)5702,009
Nonoperating expense(1,086)(1,584)(1,744)(2,040)(2,133)(1,469)
Other nonoperating income (expense)246(62)(76)(19)4412
Interest and debt expense2148(1,668)(2,021)(2,177)(5)
Income (loss) from continuing operations before equity method investments, income taxes:(777)2,709(2,450)(6,787)(3,740)535
Other undisclosed income (loss) from continuing operations before income taxes(214)(8)1,6682,0212,1775
Income (loss) from continuing operations before income taxes:(991)2,701(782)(4,766)(1,563)540
Income tax expense (benefit)(557)(668)(450)(503)(170)849
Income (loss) from continuing operations:(1,548)2,033(1,232)(5,269)(1,733)1,389
Income (loss) before gain (loss) on sale of properties:✕✕2,033(1,232)(5,269)(1,733)1,389
Net income (loss) available to common stockholders, diluted:(1,548)2,033(1,232)(5,269)(1,733)1,389

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,548)2,033(1,232)(5,269)(1,733)1,389
Other comprehensive income (loss)(297)(222)(17)622(81)
Comprehensive income (loss):(1,845)1,811(1,249)(5,207)(1,731)1,308
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,356877(116)(281)(61)203
Comprehensive income (loss), net of tax, attributable to parent:(489)2,688(1,365)(5,488)(1,792)1,511

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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