Lumen Technologies, Inc. (LUMN) Income Statement Analysis

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Complete financial analysis of Lumen Technologies, Inc. (LUMN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lumen Technologies, Inc., a leading company in the Telecommunications Services industry within the Communication Services sector.

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Lumen Technologies, Inc. (LUMN)

Industry: Telecommunications Services

Sector: Communication Services

Website: https://www.lumen.com

About Lumen Technologies, Inc.

Lumen 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986
Revenue	14.56B	17.48B	19.69B	20.71B	22.40B	23.44B	17.66B	17.47B	17.90B	18.03B	18.10B	18.38B	15.35B	7.04B	4.97B	2.60B	2.66B	2.45B	2.48B	2.41B	2.38B	1.97B	2.12B	1.85B	1.68B	1.50B	901.50M	749.70M	644.80M	540.20M	433.20M	356.80M	281.00M	248.80M	213.20M	184.00M	156.90M	147.60M
Cost of Revenue	7.14B	7.87B	8.49B	8.93B	10.08B	10.86B	8.20B	7.77B	7.78B	7.85B	7.51B	7.64B	6.33B	2.41B	1.75B	955.47M	937.38M	888.41M	821.93M	755.41M	1.16B	973.69M	1.09B	932.46M	819.80M	768.70M	474.30M	394.40M	328.20M	267.20M	222.20M	176.40M	148.60M	135.60M	116.10M	97.90M	60.50M	57.20M
Gross Profit	7.41B	9.61B	11.20B	11.78B	12.32B	12.58B	9.45B	9.70B	10.12B	10.19B	10.59B	10.74B	9.03B	4.63B	3.22B	1.64B	1.72B	1.56B	1.66B	1.65B	1.22B	998.31M	1.03B	913.47M	856.90M	730.60M	427.20M	355.30M	316.60M	273.00M	211.00M	180.40M	132.40M	113.20M	97.10M	86.10M	96.40M	90.40M
Gross Profit Ratio	50.92%	54.98%	56.89%	56.87%	55.02%	53.67%	53.54%	55.50%	56.55%	56.49%	58.51%	58.43%	58.80%	65.77%	64.78%	63.25%	64.71%	63.70%	66.85%	68.62%	51.29%	50.62%	48.70%	49.49%	51.11%	48.73%	47.39%	47.39%	49.10%	50.54%	48.71%	50.56%	47.12%	45.50%	45.54%	46.79%	61.44%	61.25%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	3.36B	3.02B	2.84B	3.41B	3.65B	4.07B	3.29B	3.23B	3.12B	3.13B	3.29B	3.06B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	62.00M	56.00M	56.00M	62.00M	98.00M	218.00M	216.00M	210.00M	214.00M	210.00M	189.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	3.36B	3.08B	2.90B	3.46B	3.72B	4.17B	3.51B	3.45B	3.33B	3.35B	3.50B	3.24B	2.98B	1.14B	1.01B	399.14M	389.53M	370.27M	388.99M	397.10M	0.00	11.28M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Expenses	13.64B	3.24B	4.02B	4.71B	4.83B	44.00M	12.00M	7.00M	23.00M	11.00M	69.00M	-144.00M	4.03B	1.43B	974.71M	523.79M	536.26M	523.51M	531.93M	500.90M	470.64M	411.63M	473.38M	388.06M	348.80M	328.60M	159.50M	132.00M	113.80M	103.60M	86.20M	70.80M	57.30M	52.10M	46.50M	39.70M	43.90M	39.60M
Operating Expenses	16.53B	6.32B	6.91B	8.17B	8.54B	9.29B	7.44B	7.37B	7.52B	7.78B	8.04B	8.02B	7.00B	2.57B	1.99B	922.92M	925.79M	893.78M	920.92M	898.01M	470.64M	422.90M	473.38M	388.06M	348.80M	328.60M	159.50M	132.00M	113.80M	103.60M	86.20M	70.80M	57.30M	52.10M	46.50M	39.70M	43.90M	39.60M
Cost & Expenses	23.68B	14.19B	15.40B	17.11B	18.62B	20.15B	15.65B	15.14B	15.30B	15.62B	15.55B	15.66B	13.33B	4.98B	3.74B	1.88B	1.86B	1.78B	1.74B	1.65B	1.63B	1.40B	1.56B	1.32B	1.17B	1.10B	633.80M	526.40M	442.00M	370.80M	308.40M	247.20M	205.90M	187.70M	162.60M	137.60M	104.40M	96.80M
Interest Income	41.00M	24.00M	1.52B	1.67B	2.02B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.16B	1.33B	1.52B	1.67B	2.02B	2.18B	1.48B	1.32B	1.31B	1.31B	1.30B	1.32B	1.07B	557.48M	370.41M	120.31M	135.37M	0.00	200.38M	209.18M	210.12M	0.00	0.00	84.95M	0.00	0.00	0.00	0.00	0.00	0.00	6.90M	22.60M	12.70M	1.10M	13.00M	3.60M	13.60M	19.50M
Depreciation & Amortization	2.99B	3.24B	4.38B	5.07B	5.16B	5.12B	3.94B	3.92B	4.19B	4.43B	4.54B	4.78B	4.03B	1.43B	974.71M	523.79M	536.26M	523.51M	531.93M	500.90M	470.64M	411.63M	473.38M	388.06M	348.80M	328.60M	159.50M	132.00M	113.80M	103.60M	86.20M	70.80M	57.30M	52.10M	46.50M	39.70M	33.90M	30.20M
EBITDA	-6.09B	3.58B	8.52B	5.90B	3.29B	5.73B	5.96B	6.25B	6.82B	6.85B	6.06B	7.35B	6.05B	3.52B	2.16B	1.29B	1.33B	1.07B	1.27B	1.25B	1.21B	987.03M	832.34M	708.95M	856.90M	808.40M	427.20M	355.30M	316.60M	273.00M	211.00M	180.40M	132.40M	113.20M	97.10M	86.10M	86.40M	81.00M
EBITDA Ratio	-41.86%	38.78%	41.87%	39.77%	38.35%	36.09%	33.74%	35.80%	38.08%	37.98%	39.54%	39.99%	39.42%	49.61%	51.42%	46.32%	48.59%	43.61%	51.23%	52.23%	50.94%	53.10%	37.73%	46.55%	45.16%	37.67%	24.93%	43.16%	44.17%	44.11%	46.03%	47.73%	45.37%	40.88%	43.34%	42.28%	55.64%	57.32%
Operating Income	-9.58B	3.54B	4.29B	3.53B	3.76B	570.00M	2.01B	2.33B	2.61B	2.41B	1.45B	2.71B	2.03B	2.06B	1.23B	721.35M	793.08M	665.54M	736.40M	753.95M	750.40M	575.41M	557.92M	525.41M	508.10M	402.00M	267.70M	223.30M	202.80M	169.40M	124.80M	109.60M	75.10M	61.10M	50.60M	46.40M	52.50M	50.80M
Operating Income Ratio	-65.84%	20.25%	21.77%	17.03%	16.79%	2.43%	11.38%	13.34%	14.55%	13.37%	8.03%	14.76%	13.19%	29.25%	24.79%	27.75%	29.86%	27.19%	29.70%	31.32%	31.52%	29.18%	26.35%	28.46%	30.30%	26.81%	29.69%	29.79%	31.45%	31.36%	28.81%	30.72%	26.73%	24.56%	23.73%	25.22%	33.46%	34.42%
Total Other Income/Expenses	-653.00M	-4.30B	-1.58B	-1.74B	-2.04B	-2.13B	-1.47B	-1.31B	-1.29B	-1.30B	-1.23B	-1.46B	-1.08B	-527.86M	-418.59M	-161.26M	-174.14M	-74.39M	0.00	-206.58M	-218.44M	-281.95M	127.75M	48.00K	-78.80M	-14.50M	140.70M	-19.60M	-19.70M	-7.90M	-18.50M	-17.00M	-17.60M	-12.60M	-17.70M	-11.90M	-12.70M	-15.90M
Income Before Tax	-10.24B	-991.00M	2.70B	-782.00M	-4.77B	-1.56B	540.00M	1.02B	1.32B	1.11B	224.00M	1.25B	948.00M	1.53B	814.51M	560.09M	618.94M	591.15M	736.40M	547.37M	531.96M	293.46M	553.06M	386.19M	429.30M	387.50M	408.40M	203.70M	183.10M	161.50M	106.30M	92.60M	57.50M	48.50M	32.90M	34.50M	39.80M	34.90M
Income Before Tax Ratio	-70.32%	-5.67%	13.72%	-3.78%	-21.28%	-6.67%	3.06%	5.84%	7.35%	6.16%	1.24%	6.80%	6.18%	21.76%	16.37%	21.54%	23.30%	24.15%	29.70%	22.74%	22.34%	14.88%	26.12%	20.92%	25.60%	25.85%	45.30%	27.17%	28.40%	29.90%	24.54%	25.95%	20.46%	19.49%	15.43%	18.75%	25.37%	23.64%
Income Tax Expense	61.00M	557.00M	668.00M	450.00M	503.00M	170.00M	-849.00M	394.00M	438.00M	338.00M	463.00M	473.00M	375.00M	582.95M	301.88M	194.36M	200.57M	221.12M	203.29M	210.13M	187.25M	103.54M	210.03M	154.71M	189.50M	158.70M	152.40M	74.60M	68.30M	61.30M	37.30M	32.60M	20.10M	17.40M	10.70M	11.10M	16.50M	17.70M
Net Income	-10.30B	-1.55B	2.03B	-1.23B	-5.27B	-1.73B	1.39B	626.00M	878.00M	772.00M	-239.00M	777.00M	573.00M	947.71M	647.21M	365.73M	418.37M	370.03M	334.48M	337.24M	344.71M	801.62M	343.03M	231.47M	239.80M	228.80M	256.00M	129.10M	114.80M	100.20M	69.00M	44.30M	37.40M	31.10M	22.20M	23.40M	23.30M	17.20M
Net Income Ratio	-70.74%	-8.86%	10.33%	-5.95%	-23.52%	-7.39%	7.87%	3.58%	4.91%	4.28%	-1.32%	4.23%	3.73%	13.46%	13.01%	14.07%	15.75%	15.12%	13.49%	14.01%	14.48%	40.65%	16.20%	12.54%	14.30%	15.26%	28.40%	17.22%	17.80%	18.55%	15.93%	12.42%	13.31%	12.50%	10.41%	12.72%	14.85%	11.65%
EPS	-10.48	-1.54	1.92	-1.14	-4.92	-1.63	2.21	1.16	1.58	1.36	-0.40	1.25	1.07	3.13	3.23	3.53	3.82	3.17	2.55	2.45	2.40	5.66	1.06	0.91	1.72	1.67	1.89	0.96	0.88	0.84	0.58	0.40	0.35	0.30	0.22	0.25	0.39	0.29
EPS Diluted	-10.48	-1.54	1.91	-1.14	-4.92	-1.63	2.21	1.16	1.58	1.36	-0.40	1.25	1.07	3.13	3.23	3.52	3.72	3.07	2.49	2.41	2.35	5.61	1.05	0.90	1.70	1.64	1.87	0.95	0.87	0.80	0.58	0.40	0.35	0.30	0.22	0.25	0.39	0.29
Weighted Avg Shares Out	983.08M	1.01B	1.06B	1.08B	1.07B	1.06B	627.81M	539.55M	554.28M	568.44M	597.50M	620.21M	532.78M	300.62M	198.81M	102.27M	109.36M	116.67M	130.84M	137.22M	143.58M	141.61M	140.74M	140.07M	138.85M	137.01M	134.95M	134.69M	131.12M	119.92M	118.97M	110.75M	106.57M	103.33M	100.45M	92.80M	59.23M	57.93M
Weighted Avg Shares Out (Dil)	983.08M	1.01B	1.07B	1.08B	1.07B	1.07B	628.69M	540.68M	555.09M	569.74M	600.89M	622.29M	534.12M	301.30M	199.06M	102.56M	113.09M	122.23M	136.09M	142.14M	148.78M	142.88M	142.31M	141.86M	141.43M	140.11M	136.88M	135.32M	132.46M	125.25M	118.97M	110.75M	106.57M	103.33M	100.45M	92.80M	59.23M	57.93M

Why Is Lumen (LUMN) Down 27.1% Since Last Earnings Report?

December 5, 2024zacks.com

Lumen (LUMN) reported earnings 30 days ago. What's next for the stock?

Lumen Technologies, Inc. (LUMN) Bank of America Securities 2024 Leveraged Finance Conference (Transcript)

December 3, 2024seekingalpha.com

Lumen Technologies, Inc. (NYSE:LUMN ) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of...

Lumen price target raised to $8 from $6.50 at Citi

November 29, 2024https://thefly.com

Citi analyst Michael Rollins raised the firm's price target on Lumen to $8 from $6.50 and keeps a Neutral rating on the shares after having updated the firm's model incorporating Q3 results that were "generally mixed with respect to the...

Lumen Announces Expiration and Results of Any and All Cash Tender Offers for Unsecured 2028 Notes of Lumen and Level 3

November 26, 2024prnewswire.com

DENVER , Nov. 26, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") announced today the expiration and results of the cash tender offers (the "Amended Offers") of Lumen and its indirect, wholly-owned subsidiary Level 3 Financing,...

Lumen Announces (1) Expiration and Results of Certain Previously-Announced Cash Tender Offers of Lumen and Level 3 and (2) Amendments to the Remaining Previously-Announced Cash Tender Offers to Increase the Tender Consideration and Extend the Expiration Time

November 19, 2024prnewswire.com

Results are set forth below for (i) Lumen's tender offers for its unsecured senior notes maturing in 2025, 2026 and 2027 and (ii) Level 3's tender offers for its unsecured senior notes maturing in 2027 Amended terms are set forth...

Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030

November 19, 2024https://247wallst.com

After struggling for years, shares of Lumen Technologies (NYSE: LUMN) skyrocketed in 2024, more than doubling through the first three quarters of the year. But as the company continues operating with a negative price-to-earnings (Pbu/E) ratio, there are lingering concerns...

Lumen Technologies (LUMN) Price Prediction and Forecast 2025-2030

November 14, 2024https://247wallst.com

Lumen Technologies to Present at BofA 2024 Leveraged Finance Conference

November 13, 2024prnewswire.com

DENVER , Nov. 13, 2024 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) ("Lumen"), a global integrated network solutions provider that unleashes the world's digital potential, today announced that Chris Stansbury, Lumen's executive vice president and chief financial officer will present at...