Lumen Technologies, Inc. (LUMN) financial statements (2022 and earlier)

Company profile

Business Address P O BOX 4065
MONROE, LA 71203
State of Incorp. LA
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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3544061,690488551222126
Cash and cash equivalents3544061,690488551222126
Restricted cash and investments  345  
Receivables1,5441,9622,2592,3982,5572,0171,943
Disposal group, including discontinued operation8,809 8121402,376 
Other current assets829808808918941547581
Total current assets:11,5363,1764,7683,8204,1945,1622,650
Noncurrent Assets
Operating lease, right-of-use asset  1,686✕✕✕✕
Property, plant and equipment20,89526,33826,07926,40826,85217,03918,069
Intangible assets, net (including goodwill), including:22,95627,08931,10119,10020,06021,45022,566
Goodwill15,98618,87021,53428,03130,47519,65020,742
Intangible assets, net (excluding goodwill)6,9708,2199,56711,0482,1661,8001,824
Other undisclosed intangible assets, net (including goodwill)   (19,979)(12,581)  
Regulated entity, other noncurrent assets      179
Restricted cash and investments  242631  
Other noncurrent assets2,6062,7911,0841,1921,286838660
Deferred tax assets, net✕✕✕ 43483
Other undisclosed noncurrent assets   19,71022,7542,5203,477
Total noncurrent assets:46,45756,21859,97466,43671,41741,85544,954
TOTAL ASSETS:57,99359,39464,74270,25675,61147,01747,604
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1242,7473,3523,6903,1782,5422,138
Accounts payable7581,1341,7241,9331,5551,179968
Employee-related liabilities8601,0081,0371,104890802602
Taxes payable228314311337370301318
Interest and dividends payable278291280316363260250
Deferred revenue617753804✕✕✕✕
Debt1,5542,4272,4066524431,5031,503
Disposal group, including discontinued operation2,257    419 
Customer advances and deposits✕✕✕✕892672743
Contract with customer, liability✕✕✕832✕✕✕
Other liabilities232328386357344213220
Other undisclosed current liabilities385379310    
Total current liabilities:7,1696,6347,2585,5314,8575,3494,604
Noncurrent Liabilities
Long-term debt and lease obligation, including:27,42829,41032,39435,40937,28318,18518,722
Finance lease, liability251267185✕✕✕✕
Capital lease obligations✕✕✕196226322362
Operating lease, liability 1,4051,342✕✕✕✕
Other undisclosed long-term debt and lease obligation27,17727,73830,86735,21337,05717,86318,360
Liabilities, other than long-term debt11,55612,18811,3067,8219,98010,08410,218
Deferred revenue  1,028✕✕✕✕
Contract with customer, liability✕✕✕860✕✕✕
Deferred tax liabilities, net✕✕✕ 2,4133,4713,569
Deferred income tax liabilities4,0493,3422,918✕✕✕✕
Liability, pension and other postretirement and postemployment benefits3,7104,5564,5944,3195,1785,5275,511
Other liabilities3,7974,2902,7662,6422,3891,0861,138
Total noncurrent liabilities:38,98441,59843,70043,23047,26328,26928,940
Total liabilities:46,15348,23250,95848,76152,12033,61833,544
Stockholders' equity
Stockholders' equity attributable to parent11,84011,16213,47019,82823,49113,39914,060
Common stock1,0241,0971,0901,0801,069547544
Additional paid in capital18,97220,90921,87422,85223,31414,97015,178
Accumulated other comprehensive loss(2,158)(2,813)(2,680)(2,461)(1,995)(2,117)(1,934)
Retained earnings (accumulated deficit)(5,998)(8,031)(6,814)(1,643)1,103(1)272
Total stockholders' equity:11,84011,16213,47019,82823,49113,39914,060
Other undisclosed liabilities and equity  3141,667   
TOTAL LIABILITIES AND EQUITY:57,99359,39464,74270,25675,61147,01747,604

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,68720,71222,40123,44317,65617,47017,900
Cost of revenue
(Cost of Goods and Services Sold)		(8,488)(8,934)(10,077)(10,862)(8,203)(7,774)(7,778)
Gross profit:11,19911,77812,32412,5819,4539,69610,122
Operating expenses(6,914)(10,816)(15,050)(22,873)(15,647)(15,139)(15,295)
Other undisclosed operating income   10,8628,2037,7747,778
Operating income (loss):4,285962(2,726)5702,0092,3312,605
Nonoperating expense(1,584)(1,744)(2,040)(2,133)(1,469)(1,311)(1,289)
Interest and debt expense8(1,668)(2,021)(2,177)(5)(27)(1,312)
Income (loss) from continuing operations before equity method investments, income taxes:2,709(2,450)(6,787)(3,740)5359934
Other undisclosed income (loss) from continuing operations before income taxes(8)1,6682,0212,1775271,312
Income (loss) from continuing operations before income taxes:2,701(782)(4,766)(1,563)5401,0201,316
Income tax expense (benefit)(668)(450)(503)(170)849(394)(438)
Net income (loss) available to common stockholders, diluted:2,033(1,232)(5,269)(1,733)1,389626878

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2,033(1,232)(5,269)(1,733)1,389626878
Other comprehensive income (loss)(222)(17)622(81)10983
Comprehensive income (loss):1,811(1,249)(5,207)(1,731)1,308735961
Other undisclosed comprehensive income (loss), net of tax, attributable to parent877(116)(281)(61)203(292) 
Comprehensive income (loss), net of tax, attributable to parent:2,688(1,365)(5,488)(1,792)1,511443961

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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