LEVEL 3 PARENT, LLC (LVLT) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1902561,4622393161,224228
Cash and cash equivalents1902561,4622393161,224228
Restricted cash and investments   3333
Receivables2,1512,1982,2612,2052,2572,3082,596
Other current assets297316305323266294311
Total current assets:2,6382,7704,0282,7702,8423,8293,138
Noncurrent Assets
Finance lease, right-of-use asset     147150
Operating lease, right-of-use asset   1,0611,0601,1021,183
Property, plant and equipment10,51810,33410,0599,9239,9369,7199,654
Intangible assets, net (including goodwill)14,01014,14814,3137,3557,8847,3897,408
Goodwill7,4057,3697,3557,3557,4157,3897,408
Intangible assets, net (excluding goodwill)6,6056,7796,958 469  
Restricted cash and investments   18191922
Other noncurrent assets1,4101,4901,508474492550627
Other undisclosed noncurrent assets   7,1316,8657,3377,501
Total noncurrent assets:25,93825,97225,88025,96226,25626,26326,545
TOTAL ASSETS:28,57628,74229,90828,73229,09830,09229,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3313233203391,131407405
Accounts payable    654  
Employee-related liabilities220196188130240216197
Taxes payable111127132131152113117
Interest and dividends payable   78857891
Deferred revenue315305310316309296297
Debt14131,21010114077
Due to related parties8691,149959862669552458
Other liabilities15913716871777167
Other undisclosed current liabilities7368689649712499971,046
Total current liabilities:2,4242,7953,9312,5692,4462,7302,280
Noncurrent Liabilities
Long-term debt and lease obligation, including:10,37310,37710,33210,35310,35610,99510,820
Finance lease, liability241   160153155
Operating lease, liability903930851846854900962
Other undisclosed long-term debt and lease obligation9,2299,4479,4819,5079,3429,9429,703
Liabilities, other than long-term debt, including:2,2181,9021,8921,8472,7512,6752,751
Deferred revenue1,3961,3891,3821,3381,3431,2641,236
Deferred income tax liabilities247  212 225257
Other liabilities575513510297313286296
Other undisclosed liabilities, other than long-term debt    1,095900962
Total noncurrent liabilities:12,59112,27912,22412,20013,10713,67013,571
Total liabilities:15,01515,07416,15514,76915,55316,40015,851
Stockholders' equity
Stockholders' equity attributable to parent, including:12,90512,73812,90213,11713,54513,69213,832
Accumulated other comprehensive loss(234)(358)(399)(407)(179)(286)(176)
Other undisclosed stockholders' equity attributable to parent13,13913,09613,30113,52413,72413,97814,008
Total stockholders' equity:12,90512,73812,90213,11713,54513,69213,832
Other undisclosed liabilities and equity656930851846   
TOTAL LIABILITIES AND EQUITY:28,57628,74229,90828,73229,09830,09229,683

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,9981,9711,9841,9802,0612,0642,014
Cost of revenue(1,118)(1,177)(1,167)(1,177)(1,244)(1,257)(1,187)
Cost of goods and services sold(863)(857)(890)(876)(953)(960)(919)
Gross profit:880794817803817807827
Operating expenses(582)(510)(520)(518)(532)(498)(555)
Operating income:298284297285285309272
Nonoperating income (expense)335435(21)(468)219
Investment income, nonoperating12131313 1516
Other nonoperating income (expense)214122(34) (13)3
Interest and debt expense(92)(99)(96)(106)(118)(123)(130)
Other undisclosed income from continuing operations before equity method investments, income taxes    502  
Income from continuing operations before income taxes:239239236158201188161
Income tax expense(74)(42)(60)(45)(41)(74)(51)
Net income available to common stockholders, diluted:165197176113160114110

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:165197176113160114110
Other comprehensive income (loss)136418(228)107(110)(8)
Comprehensive income (loss):301238184(115)2674102
Other undisclosed comprehensive loss, net of tax, attributable to parent(12)      
Comprehensive income (loss), net of tax, attributable to parent:289238184(115)2674102

Statements sources

The financial statements are based on the company's filings with the 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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