Lumen Technologies, Inc. (LUMN) 10-Year Financial Performance & Capital Metrics

LUMN • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

AboutLumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated products and services under the Lumen, Quantum Fiber, and CenturyLink brands to business and residential customers in the United States and internationally. The company operates in two segments, Business and Mass Markets. It offers compute and application services, such as cloud services, IT solutions, unified communication and collaboration solutions, colocation and data center services, content delivery services, and managed security services; and IP and data services, including VPN data network, Ethernet, internet protocol (IP), and voice over internet protocol. The company also provides fiber infrastructure services comprising high bandwidth optical wavelength networks; and unlit optical fiber and related professional services. In addition, it offers voice and other services, including private line services, a direct circuit or channel specifically dedicated for connecting two or more organizational sites; a portfolio of traditional time division multiplexing voice services; and synchronous optical network-based Ethernet, legacy data hosting services, and conferencing services. As of December 31, 2021, the company served approximately 4.5 million broadband subscribers. The company was formerly known as CenturyLink, Inc. and changed its name to Lumen Technologies, Inc. in September 2020. Lumen Technologies, Inc. was incorporated in 1968 and is headquartered in Monroe, Louisiana.Show more

Revenue $13.11B -10.0%
EBITDA $3.42B +151.8%
Net Income -$55M +99.5%
Free Cash Flow $1.1B +217.2%
EBITDA Margin 26.06% +157.5%
Net Margin -0.42% +99.4%
ROE -12.49% +93.5%
Interest Coverage 0.34 +104.1%
Debt/Equity 41.20 -19.3%
Net Debt/EBITDA 5.04
CapEx / Revenue 24.65% +15.7%
CapEx Coverage 1.34 +92.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 83 (top 17%)

✗Weaknesses

✗High debt to equity ratio of 41.2x
✗High leverage: 5.6x Debt/EBITDA
✗Weak interest coverage of 0.3x
✗Expensive at 18.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.14%

5Y-9.39%

3Y-12.68%

TTM-4.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM22.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.84%

ROCE

10Y Avg-0.39%

5Y Avg-3.03%

3Y Avg-8.4%

Latest1.52%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	17.9B	17.47B	17.66B	23.44B	21.46B	20.71B	19.69B	17.48B	14.56B	13.11B
Revenue Growth %	-0.01%	-0.02%	0.01%	0.33%	-0.08%	-0.03%	-0.05%	-0.11%	-0.17%	-0.1%
Cost of Revenue	7.78B	7.77B	8.2B	10.86B	9.13B	8.93B	8.49B	7.87B	7.14B	6.7B
Gross Profit+	10.12B	9.7B	9.45B	12.58B	12.32B	11.78B	11.2B	9.61B	7.41B	6.41B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.01%	-0.04%	-0.03%	0.33%	-0.02%	-0.04%	-0.05%	-0.14%	-0.23%	-0.14%
Operating Expenses+	7.52B	7.37B	7.44B	9.29B	15.05B	10.82B	6.91B	9.52B	17B	5.95B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	6.79B	6.25B	5.95B	5.69B	2.1B	5.67B	8.66B	3.33B	-6.6B	3.42B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.01%	-0.08%	-0.05%	-0.04%	-0.63%	1.7%	0.53%	-0.62%	-2.98%	1.52%
Depreciation & Amortization+	4.19B	3.92B	3.94B	5.12B	4.83B	4.71B	4.38B	3.24B	2.98B	2.96B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.6B	2.33B	2.01B	570M	-2.73B	962M	4.29B	95M	-9.58B	460M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.08%	-0.11%	-0.14%	-0.72%	-5.78%	1.35%	3.45%	-0.98%	-101.88%	1.05%
Interest Expense+	1.31B	1.32B	1.48B	2.18B	2.02B	1.67B	1.52B	1.33B	1.16B	1.37B
Interest Coverage	1.99x	1.77x	1.36x	0.26x	-1.35x	0.58x	2.82x	0.07x	-8.28x	0.34x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.32B	1.02B	540M	-1.56B	-4.77B	-782M	2.7B	-991M	-10.24B	-230M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	438M	394M	-849M	170M	503M	450M	668M	557M	61M	-175M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	878M	626M	1.39B	-1.73B	-5.27B	-1.23B	2.03B	-1.55B	-10.3B	-55M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.14%	-0.29%	1.22%	-2.25%	-2.04%	0.77%	2.65%	-1.76%	-5.65%	0.99%
EPS (Diluted)+	1.58	1.16	2.21	-1.63	-4.92	-1.14	1.91	-1.54	-10.48	-0.06
EPS Growth %	0.16%	-0.27%	0.91%	-1.74%	-2.02%	0.77%	2.68%	-1.81%	-5.81%	0.99%
EPS (Basic)	1.58	1.16	2.21	-1.63	-4.92	-1.14	1.92	-1.54	-10.48	-0.06
Diluted Shares Outstanding	555.09M	540.68M	628.69M	1.07B	1.07B	1.08B	1.07B	1.01B	983.08M	987.68M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	47.6B	47.02B	75.55B	70.24B	64.74B	59.39B	57.99B	45.61B	34.02B	33.5B
Asset Growth %	-0.05%	-0.01%	0.61%	-0.07%	-0.08%	-0.08%	-0.02%	-0.21%	-0.25%	-0.02%
PP&E (Net)+	18.07B	17.04B	26.85B	26.22B	27.77B	28.04B	20.89B	19.17B	19.76B	20.42B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.65B	5.16B	4.19B	3.82B	4.47B	2.89B	11.54B	5.23B	4.78B	4.39B
Cash & Equivalents	126M	222M	551M	488M	1.69B	409M	354M	1.25B	2.23B	1.89B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	144M	134M	128M	120M	105M	105M	96M	236M	209M	146M
Other Current Assets	199M	2.53B	406M	373M	67M	50M	9.07B	1.89B	327M	257M
Long-Term Investments	-3.57B	-3.47B	-2.41B	-2.53B	0	0	13M	12M	-3.13B	9M
Goodwill	20.74B	19.65B	30.48B	28.03B	21.53B	18.87B	15.99B	12.66B	1.96B	1.96B
Intangible Assets	5.48B	4.33B	12.77B	10.78B	9.57B	8.22B	6.97B	6.17B	5.47B	4.81B
Other Assets	6.14B	5.17B	14.1B	12.14B	1.4B	1.38B	2.61B	2.38B	2.05B	1.9B
Total Liabilities	33.54B	33.62B	52.12B	50.41B	51.27B	48.23B	46.15B	35.24B	33.6B	33.03B
Total Debt+	20.23B	19.69B	37.73B	36.06B	36.45B	33.62B	31.17B	22B	21.3B	19.12B
Net Debt	20.1B	19.47B	37.17B	35.57B	34.76B	33.21B	30.82B	20.75B	19.06B	17.23B
Long-Term Debt	18.72B	18.18B	37.28B	35.41B	32.21B	29.14B	27.81B	20.18B	19.62B	17.3B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	226M	196M	1.53B	1.67B	385M	1.32B	268M	253M
Total Current Liabilities+	4.6B	5.35B	4.85B	5.45B	7.26B	6.63B	7.17B	4.9B	3.53B	3.64B
Accounts Payable	968M	1.18B	1.55B	1.5B	1.25B	805M	758M	1.04B	1.13B	749M
Accrued Expenses	602M	802M	890M	1.1B	1.04B	1.01B	860M	692M	696M	913M
Deferred Revenue	743M	672M	892M	832M	804M	753M	617M	596M	647M	861M
Other Current Liabilities	470M	1.09B	932M	1.11B	1.14B	948M	2.77B	909M	381M	179M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	6.65B	6.61B	7.57B	6.76B	7.36B	7.44B	1.65B	3.91B	4.1B	4.32B
Total Equity+	14.06B	13.4B	23.43B	19.83B	13.47B	11.16B	11.84B	10.37B	417M	464M
Equity Growth %	-0.06%	-0.05%	0.75%	-0.15%	-0.32%	-0.17%	0.06%	-0.12%	-0.96%	0.11%
Shareholders Equity	14.06B	13.4B	23.43B	19.83B	13.47B	11.16B	11.84B	10.37B	417M	464M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	544M	547M	1.07B	1.08B	1.09B	1.1B	1.02B	1B	1.01B	19.15B
Additional Paid-in Capital	15.18B	14.97B	23.31B	22.85B	21.87B	20.91B	18.97B	18.08B	18.13B	0
Retained Earnings	272M	-1M	1.1B	-1.64B	-6.81B	-8.03B	-6B	-7.61B	-17.91B	-17.96B
Accumulated OCI	-1.93B	-2.12B	-2B	-2.46B	-2.68B	-2.81B	-2.16B	-1.1B	-810M	-723M
Return on Assets (ROA)	0.02%	0.01%	0.02%	-0.02%	-0.08%	-0.02%	0.03%	-0.03%	-0.26%	-0%
Return on Equity (ROE)	0.06%	0.05%	0.08%	-0.08%	-0.32%	-0.1%	0.18%	-0.14%	-1.91%	-0.12%
Debt / Equity	1.44x	1.47x	1.61x	1.82x	2.71x	3.01x	2.63x	2.12x	51.07x	41.20x
Debt / Assets	0.42%	0.42%	0.5%	0.51%	0.56%	0.57%	0.54%	0.48%	0.63%	0.57%
Net Debt / EBITDA	2.96x	3.12x	6.25x	6.25x	16.53x	5.86x	3.56x	6.22x	-	5.04x
Book Value per Share	25.33	24.78	37.27	18.6	12.57	10.34	11.1	10.3	0.42	0.47

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.15B	4.61B	3.88B	7.03B	6.68B	6.52B	6.5B	4.74B	2.16B	4.33B
Operating CF Growth %	-0.01%	-0.11%	-0.16%	0.81%	-0.05%	-0.02%	-0%	-0.27%	-0.54%	1.01%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	878M	626M	1.39B	-1.73B	-5.27B	-1.23B	2.03B	-1.55B	-10.3B	-55M
Depreciation & Amortization	4.19B	3.92B	3.94B	5.12B	4.83B	4.71B	4.02B	3.24B	2.98B	2.96B
Deferred Taxes	350M	11M	-1.19B	522M	440M	366M	598M	-1.23B	8M	-209M
Other Non-Cash Items	61M	106M	133M	2.26B	6.55B	2.92B	139M	3.38B	10.39B	-450M
Working Capital Changes	-399M	-131M	-499M	680M	-33M	-417M	-408M	798M	-980M	2.06B
Capital Expenditures+	-2.87B	-2.98B	-8.87B	-3.17B	-3.63B	-3.73B	-2.9B	5.48B	-3.1B	-3.23B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.85B	-2.99B	-8.87B	-3.08B	-3.57B	-3.56B	-2.71B	5.48B	-1.2B	-2.83B
Acquisitions	-4M	-39M	-5.83B	158M	93M	153M	135M	8.37B	1.75B	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	-1000K
Other Investing	23M	26M	62M	97M	-35M	12M	53M	123M	153M	606M
Cash from Financing+	-2.3B	-1.52B	5.36B	-4.02B	-1.91B	-4.25B	-3.81B	-9.31B	-18M	-1.85B
Dividends Paid	-1.2B	-1.17B	-1.45B	-2.31B	-1.1B	-1.11B	-1.09B	-780M	-11M	-3M
Dividend Payout Ratio %	1.36%	1.86%	1.05%	-	-	-	0.53%	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Stock Issued	11M	6M	0	0	0	0	0	0	0	0
Share Repurchases	-819M	-16M	-17M	0	0	0	-1B	-200M	0	0
Other Financing	9M	0	2M	-50M	-61M	-87M	-53M	-40M	-22M	-295M
Net Change in Cash+	-2M	96M	363M	-69M	1.2B	-1.29B	-18M	898M	941M	-348M
Exchange Rate Effect	0	0	-1000K	0	0	0	0	0	0	0
Cash at Beginning	128M	126M	224M	587M	518M	1.72B	427M	409M	1.31B	2.25B
Cash at End	126M	222M	587M	518M	1.72B	427M	409M	1.31B	2.25B	1.9B
Free Cash Flow+	2.28B	1.63B	-4.99B	3.86B	3.05B	2.79B	3.6B	10.21B	-940M	1.1B
FCF Growth %	0.06%	-0.29%	-4.07%	1.77%	-0.21%	-0.08%	0.29%	1.84%	-1.09%	2.17%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.04%	4.56%	7.54%	-8.01%	-31.65%	-10%	17.68%	-13.94%	-190.86%	-12.49%
EBITDA Margin	37.96%	35.76%	33.67%	24.27%	9.8%	27.39%	44%	19.08%	-45.33%	26.06%
Net Debt / EBITDA	2.96x	3.12x	6.25x	6.25x	16.53x	5.86x	3.56x	6.22x	-	5.04x
Interest Coverage	1.99x	1.77x	1.36x	0.26x	-1.35x	0.58x	2.82x	0.07x	-8.28x	0.34x
CapEx / Revenue	16.04%	17.06%	50.24%	13.54%	16.91%	18%	14.73%	31.33%	21.3%	24.65%
Dividend Payout Ratio	136.45%	186.42%	104.61%	-	-	-	53.47%	-	-	-
Debt / Equity	1.44x	1.47x	1.61x	1.82x	2.71x	3.01x	2.63x	2.12x	51.07x	41.20x
EPS Growth	16.18%	-26.58%	90.52%	-173.76%	-201.84%	76.83%	267.54%	-180.63%	-580.52%	99.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Business	-	-	-	-	-	-	14.12B	13.04B	11.54B	10.36B
Business Growth	-	-	-	-	-	-	-	-7.65%	-11.53%	-10.16%
Mass Market	-	-	-	-	-	-	5.57B	4.44B	3.02B	2.75B
Mass Market Growth	-	-	-	-	-	-	-	-20.28%	-31.92%	-9.17%
IP & Data Services	-	-	-	-	7B	6.37B	-	-	-	-
IP & Data Services Growth	-	-	-	-	-	-8.97%	-	-	-	-
Transport & Infrastructure	-	-	-	-	5.2B	4.99B	-	-	-	-
Transport & Infrastructure Growth	-	-	-	-	-	-4.11%	-	-	-	-
Voice & Collaboration	-	-	-	-	4.02B	3.62B	-	-	-	-
Voice & Collaboration Growth	-	-	-	-	-	-9.95%	-	-	-	-
Broadband	-	-	-	-	2.88B	2.91B	-	-	-	-
Broadband Growth	-	-	-	-	-	1.15%	-	-	-	-
Voice	-	-	-	-	1.88B	1.62B	-	-	-	-
Voice Growth	-	-	-	-	-	-13.77%	-	-	-	-
Regulatory Revenue	-	-	-	723M	634M	615M	-	-	-	-
Regulatory Revenue Growth	-	-	-	-	-12.31%	-3.00%	-	-	-	-
IT & Managed Services	-	-	-	-	535M	479M	-	-	-	-
IT & Managed Services Growth	-	-	-	-	-	-10.47%	-	-	-	-
Product and Service, Other	-	-	-	-	251M	105M	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-58.17%	-	-	-	-
Total Other Operating Revenues	-	-	732M	-	-	-	-	-	-	-
Total Other Operating Revenues Growth	-	-	-	-	-	-	-	-	-	-
Regulatory	-	-	732M	-	-	-	-	-	-	-
Regulatory Growth	-	-	-	-	-	-	-	-	-	-
Strategic Services	9.34B	8.05B	-	-	-	-	-	-	-	-
Strategic Services Growth	-	-13.84%	-	-	-	-	-	-	-	-
Legacy Services	6.75B	7.67B	-	-	-	-	-	-	-	-
Legacy Services Growth	-	13.63%	-	-	-	-	-	-	-	-
Other Operating Revenues	1.23B	1.22B	-	-	-	-	-	-	-	-
Other Operating Revenues Growth	-	-1.38%	-	-	-	-	-	-	-	-
High Cost Support Revenue	732M	688M	-	-	-	-	-	-	-	-
High Cost Support Revenue Growth	-	-6.01%	-	-	-	-	-	-	-	-
Miscellaneous Operating Revenue	500M	527M	-	-	-	-	-	-	-	-
Miscellaneous Operating Revenue Growth	-	5.40%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Lumen Technologies, Inc. (LUMN) reported $12.69B in revenue for fiscal year 2024. This represents a 17% decrease from $15.35B in 2011.

Lumen Technologies, Inc. (LUMN) saw revenue decline by 10.0% over the past year.

Lumen Technologies, Inc. (LUMN) reported a net loss of $1.65B for fiscal year 2024.

Dividend & Returns

Lumen Technologies, Inc. (LUMN) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Lumen Technologies, Inc. (LUMN) has a return on equity (ROE) of -12.5%. Negative ROE indicates the company is unprofitable.

Lumen Technologies, Inc. (LUMN) generated $1.23B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Lumen Technologies, Inc. (LUMN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

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Lumen Technologies, Inc. (LUMN) 10-Year Financial Performance & Capital Metrics

LUMN • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

Revenue $13.11B -10.0%
EBITDA $3.42B +151.8%
Net Income -$55M +99.5%
Free Cash Flow $1.1B +217.2%
EBITDA Margin 26.06% +157.5%
Net Margin -0.42% +99.4%
ROE -12.49% +93.5%
Interest Coverage 0.34 +104.1%
Debt/Equity 41.20 -19.3%
Net Debt/EBITDA 5.04
CapEx / Revenue 24.65% +15.7%
CapEx Coverage 1.34 +92.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 83 (top 17%)

✗Weaknesses

✗High debt to equity ratio of 41.2x
✗High leverage: 5.6x Debt/EBITDA
✗Weak interest coverage of 0.3x
✗Expensive at 18.4x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.14%

5Y-9.39%

3Y-12.68%

TTM-4.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM22.62%

EPS CAGR

10Y-

5Y-

3Y-

TTM23.84%

ROCE

10Y Avg-0.39%

5Y Avg-3.03%

3Y Avg-8.4%

Latest1.52%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	17.9B	17.47B	17.66B	23.44B	21.46B	20.71B	19.69B	17.48B	14.56B	13.11B
Revenue Growth %	-0.01%	-0.02%	0.01%	0.33%	-0.08%	-0.03%	-0.05%	-0.11%	-0.17%	-0.1%
Cost of Revenue	7.78B	7.77B	8.2B	10.86B	9.13B	8.93B	8.49B	7.87B	7.14B	6.7B
Gross Profit+	10.12B	9.7B	9.45B	12.58B	12.32B	11.78B	11.2B	9.61B	7.41B	6.41B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.01%	-0.04%	-0.03%	0.33%	-0.02%	-0.04%	-0.05%	-0.14%	-0.23%	-0.14%
Operating Expenses+	7.52B	7.37B	7.44B	9.29B	15.05B	10.82B	6.91B	9.52B	17B	5.95B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	6.79B	6.25B	5.95B	5.69B	2.1B	5.67B	8.66B	3.33B	-6.6B	3.42B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.01%	-0.08%	-0.05%	-0.04%	-0.63%	1.7%	0.53%	-0.62%	-2.98%	1.52%
Depreciation & Amortization+	4.19B	3.92B	3.94B	5.12B	4.83B	4.71B	4.38B	3.24B	2.98B	2.96B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.6B	2.33B	2.01B	570M	-2.73B	962M	4.29B	95M	-9.58B	460M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.08%	-0.11%	-0.14%	-0.72%	-5.78%	1.35%	3.45%	-0.98%	-101.88%	1.05%
Interest Expense+	1.31B	1.32B	1.48B	2.18B	2.02B	1.67B	1.52B	1.33B	1.16B	1.37B
Interest Coverage	1.99x	1.77x	1.36x	0.26x	-1.35x	0.58x	2.82x	0.07x	-8.28x	0.34x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.32B	1.02B	540M	-1.56B	-4.77B	-782M	2.7B	-991M	-10.24B	-230M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	438M	394M	-849M	170M	503M	450M	668M	557M	61M	-175M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	878M	626M	1.39B	-1.73B	-5.27B	-1.23B	2.03B	-1.55B	-10.3B	-55M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.14%	-0.29%	1.22%	-2.25%	-2.04%	0.77%	2.65%	-1.76%	-5.65%	0.99%
EPS (Diluted)+	1.58	1.16	2.21	-1.63	-4.92	-1.14	1.91	-1.54	-10.48	-0.06
EPS Growth %	0.16%	-0.27%	0.91%	-1.74%	-2.02%	0.77%	2.68%	-1.81%	-5.81%	0.99%
EPS (Basic)	1.58	1.16	2.21	-1.63	-4.92	-1.14	1.92	-1.54	-10.48	-0.06
Diluted Shares Outstanding	555.09M	540.68M	628.69M	1.07B	1.07B	1.08B	1.07B	1.01B	983.08M	987.68M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	47.6B	47.02B	75.55B	70.24B	64.74B	59.39B	57.99B	45.61B	34.02B	33.5B
Asset Growth %	-0.05%	-0.01%	0.61%	-0.07%	-0.08%	-0.08%	-0.02%	-0.21%	-0.25%	-0.02%
PP&E (Net)+	18.07B	17.04B	26.85B	26.22B	27.77B	28.04B	20.89B	19.17B	19.76B	20.42B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.65B	5.16B	4.19B	3.82B	4.47B	2.89B	11.54B	5.23B	4.78B	4.39B
Cash & Equivalents	126M	222M	551M	488M	1.69B	409M	354M	1.25B	2.23B	1.89B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	144M	134M	128M	120M	105M	105M	96M	236M	209M	146M
Other Current Assets	199M	2.53B	406M	373M	67M	50M	9.07B	1.89B	327M	257M
Long-Term Investments	-3.57B	-3.47B	-2.41B	-2.53B	0	0	13M	12M	-3.13B	9M
Goodwill	20.74B	19.65B	30.48B	28.03B	21.53B	18.87B	15.99B	12.66B	1.96B	1.96B
Intangible Assets	5.48B	4.33B	12.77B	10.78B	9.57B	8.22B	6.97B	6.17B	5.47B	4.81B
Other Assets	6.14B	5.17B	14.1B	12.14B	1.4B	1.38B	2.61B	2.38B	2.05B	1.9B
Total Liabilities	33.54B	33.62B	52.12B	50.41B	51.27B	48.23B	46.15B	35.24B	33.6B	33.03B
Total Debt+	20.23B	19.69B	37.73B	36.06B	36.45B	33.62B	31.17B	22B	21.3B	19.12B
Net Debt	20.1B	19.47B	37.17B	35.57B	34.76B	33.21B	30.82B	20.75B	19.06B	17.23B
Long-Term Debt	18.72B	18.18B	37.28B	35.41B	32.21B	29.14B	27.81B	20.18B	19.62B	17.3B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	226M	196M	1.53B	1.67B	385M	1.32B	268M	253M
Total Current Liabilities+	4.6B	5.35B	4.85B	5.45B	7.26B	6.63B	7.17B	4.9B	3.53B	3.64B
Accounts Payable	968M	1.18B	1.55B	1.5B	1.25B	805M	758M	1.04B	1.13B	749M
Accrued Expenses	602M	802M	890M	1.1B	1.04B	1.01B	860M	692M	696M	913M
Deferred Revenue	743M	672M	892M	832M	804M	753M	617M	596M	647M	861M
Other Current Liabilities	470M	1.09B	932M	1.11B	1.14B	948M	2.77B	909M	381M	179M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	6.65B	6.61B	7.57B	6.76B	7.36B	7.44B	1.65B	3.91B	4.1B	4.32B
Total Equity+	14.06B	13.4B	23.43B	19.83B	13.47B	11.16B	11.84B	10.37B	417M	464M
Equity Growth %	-0.06%	-0.05%	0.75%	-0.15%	-0.32%	-0.17%	0.06%	-0.12%	-0.96%	0.11%
Shareholders Equity	14.06B	13.4B	23.43B	19.83B	13.47B	11.16B	11.84B	10.37B	417M	464M
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	544M	547M	1.07B	1.08B	1.09B	1.1B	1.02B	1B	1.01B	19.15B
Additional Paid-in Capital	15.18B	14.97B	23.31B	22.85B	21.87B	20.91B	18.97B	18.08B	18.13B	0
Retained Earnings	272M	-1M	1.1B	-1.64B	-6.81B	-8.03B	-6B	-7.61B	-17.91B	-17.96B
Accumulated OCI	-1.93B	-2.12B	-2B	-2.46B	-2.68B	-2.81B	-2.16B	-1.1B	-810M	-723M
Return on Assets (ROA)	0.02%	0.01%	0.02%	-0.02%	-0.08%	-0.02%	0.03%	-0.03%	-0.26%	-0%
Return on Equity (ROE)	0.06%	0.05%	0.08%	-0.08%	-0.32%	-0.1%	0.18%	-0.14%	-1.91%	-0.12%
Debt / Equity	1.44x	1.47x	1.61x	1.82x	2.71x	3.01x	2.63x	2.12x	51.07x	41.20x
Debt / Assets	0.42%	0.42%	0.5%	0.51%	0.56%	0.57%	0.54%	0.48%	0.63%	0.57%
Net Debt / EBITDA	2.96x	3.12x	6.25x	6.25x	16.53x	5.86x	3.56x	6.22x	-	5.04x
Book Value per Share	25.33	24.78	37.27	18.6	12.57	10.34	11.1	10.3	0.42	0.47

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	5.15B	4.61B	3.88B	7.03B	6.68B	6.52B	6.5B	4.74B	2.16B	4.33B
Operating CF Growth %	-0.01%	-0.11%	-0.16%	0.81%	-0.05%	-0.02%	-0%	-0.27%	-0.54%	1.01%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	878M	626M	1.39B	-1.73B	-5.27B	-1.23B	2.03B	-1.55B	-10.3B	-55M
Depreciation & Amortization	4.19B	3.92B	3.94B	5.12B	4.83B	4.71B	4.02B	3.24B	2.98B	2.96B
Deferred Taxes	350M	11M	-1.19B	522M	440M	366M	598M	-1.23B	8M	-209M
Other Non-Cash Items	61M	106M	133M	2.26B	6.55B	2.92B	139M	3.38B	10.39B	-450M
Working Capital Changes	-399M	-131M	-499M	680M	-33M	-417M	-408M	798M	-980M	2.06B
Capital Expenditures+	-2.87B	-2.98B	-8.87B	-3.17B	-3.63B	-3.73B	-2.9B	5.48B	-3.1B	-3.23B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.85B	-2.99B	-8.87B	-3.08B	-3.57B	-3.56B	-2.71B	5.48B	-1.2B	-2.83B
Acquisitions	-4M	-39M	-5.83B	158M	93M	153M	135M	8.37B	1.75B	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0	0	0	0	-1000K
Other Investing	23M	26M	62M	97M	-35M	12M	53M	123M	153M	606M
Cash from Financing+	-2.3B	-1.52B	5.36B	-4.02B	-1.91B	-4.25B	-3.81B	-9.31B	-18M	-1.85B
Dividends Paid	-1.2B	-1.17B	-1.45B	-2.31B	-1.1B	-1.11B	-1.09B	-780M	-11M	-3M
Dividend Payout Ratio %	1.36%	1.86%	1.05%	-	-	-	0.53%	-	-	-
Debt Issuance (Net)	-1000K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K
Stock Issued	11M	6M	0	0	0	0	0	0	0	0
Share Repurchases	-819M	-16M	-17M	0	0	0	-1B	-200M	0	0
Other Financing	9M	0	2M	-50M	-61M	-87M	-53M	-40M	-22M	-295M
Net Change in Cash+	-2M	96M	363M	-69M	1.2B	-1.29B	-18M	898M	941M	-348M
Exchange Rate Effect	0	0	-1000K	0	0	0	0	0	0	0
Cash at Beginning	128M	126M	224M	587M	518M	1.72B	427M	409M	1.31B	2.25B
Cash at End	126M	222M	587M	518M	1.72B	427M	409M	1.31B	2.25B	1.9B
Free Cash Flow+	2.28B	1.63B	-4.99B	3.86B	3.05B	2.79B	3.6B	10.21B	-940M	1.1B
FCF Growth %	0.06%	-0.29%	-4.07%	1.77%	-0.21%	-0.08%	0.29%	1.84%	-1.09%	2.17%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.04%	4.56%	7.54%	-8.01%	-31.65%	-10%	17.68%	-13.94%	-190.86%	-12.49%
EBITDA Margin	37.96%	35.76%	33.67%	24.27%	9.8%	27.39%	44%	19.08%	-45.33%	26.06%
Net Debt / EBITDA	2.96x	3.12x	6.25x	6.25x	16.53x	5.86x	3.56x	6.22x	-	5.04x
Interest Coverage	1.99x	1.77x	1.36x	0.26x	-1.35x	0.58x	2.82x	0.07x	-8.28x	0.34x
CapEx / Revenue	16.04%	17.06%	50.24%	13.54%	16.91%	18%	14.73%	31.33%	21.3%	24.65%
Dividend Payout Ratio	136.45%	186.42%	104.61%	-	-	-	53.47%	-	-	-
Debt / Equity	1.44x	1.47x	1.61x	1.82x	2.71x	3.01x	2.63x	2.12x	51.07x	41.20x
EPS Growth	16.18%	-26.58%	90.52%	-173.76%	-201.84%	76.83%	267.54%	-180.63%	-580.52%	99.47%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Business	-	-	-	-	-	-	14.12B	13.04B	11.54B	10.36B
Business Growth	-	-	-	-	-	-	-	-7.65%	-11.53%	-10.16%
Mass Market	-	-	-	-	-	-	5.57B	4.44B	3.02B	2.75B
Mass Market Growth	-	-	-	-	-	-	-	-20.28%	-31.92%	-9.17%
IP & Data Services	-	-	-	-	7B	6.37B	-	-	-	-
IP & Data Services Growth	-	-	-	-	-	-8.97%	-	-	-	-
Transport & Infrastructure	-	-	-	-	5.2B	4.99B	-	-	-	-
Transport & Infrastructure Growth	-	-	-	-	-	-4.11%	-	-	-	-
Voice & Collaboration	-	-	-	-	4.02B	3.62B	-	-	-	-
Voice & Collaboration Growth	-	-	-	-	-	-9.95%	-	-	-	-
Broadband	-	-	-	-	2.88B	2.91B	-	-	-	-
Broadband Growth	-	-	-	-	-	1.15%	-	-	-	-
Voice	-	-	-	-	1.88B	1.62B	-	-	-	-
Voice Growth	-	-	-	-	-	-13.77%	-	-	-	-
Regulatory Revenue	-	-	-	723M	634M	615M	-	-	-	-
Regulatory Revenue Growth	-	-	-	-	-12.31%	-3.00%	-	-	-	-
IT & Managed Services	-	-	-	-	535M	479M	-	-	-	-
IT & Managed Services Growth	-	-	-	-	-	-10.47%	-	-	-	-
Product and Service, Other	-	-	-	-	251M	105M	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-58.17%	-	-	-	-
Total Other Operating Revenues	-	-	732M	-	-	-	-	-	-	-
Total Other Operating Revenues Growth	-	-	-	-	-	-	-	-	-	-
Regulatory	-	-	732M	-	-	-	-	-	-	-
Regulatory Growth	-	-	-	-	-	-	-	-	-	-
Strategic Services	9.34B	8.05B	-	-	-	-	-	-	-	-
Strategic Services Growth	-	-13.84%	-	-	-	-	-	-	-	-
Legacy Services	6.75B	7.67B	-	-	-	-	-	-	-	-
Legacy Services Growth	-	13.63%	-	-	-	-	-	-	-	-
Other Operating Revenues	1.23B	1.22B	-	-	-	-	-	-	-	-
Other Operating Revenues Growth	-	-1.38%	-	-	-	-	-	-	-	-
High Cost Support Revenue	732M	688M	-	-	-	-	-	-	-	-
High Cost Support Revenue Growth	-	-6.01%	-	-	-	-	-	-	-	-
Miscellaneous Operating Revenue	500M	527M	-	-	-	-	-	-	-	-
Miscellaneous Operating Revenue Growth	-	5.40%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Lumen Technologies, Inc. (LUMN) reported $12.69B in revenue for fiscal year 2024. This represents a 17% decrease from $15.35B in 2011.

Lumen Technologies, Inc. (LUMN) saw revenue decline by 10.0% over the past year.

Lumen Technologies, Inc. (LUMN) reported a net loss of $1.65B for fiscal year 2024.

Dividend & Returns

Lumen Technologies, Inc. (LUMN) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.

Lumen Technologies, Inc. (LUMN) has a return on equity (ROE) of -12.5%. Negative ROE indicates the company is unprofitable.

Lumen Technologies, Inc. (LUMN) generated $1.23B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Lumen Technologies, Inc. (LUMN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.