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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)
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 |
Lumen Announces Any and All Cash Tender Offers for Unsecured Notes of Lumen and Level 3
DENVER , Nov. 12, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) (the "Company" or "Lumen") and its indirect, wholly-owned subsidiary Level 3 Financing, Inc. ("Level 3") have commenced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase...
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Lumen Technologies, Inc. (LUMN) Q3 2024 Earnings Call Transcript
Lumen Technologies, Inc. (NYSE:LUMN ) Q3 2024 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Jim Breen - Senior Vice President, Investor Relations Kate Johnson - President and Chief Executive Officer Chris Stansbury - Executive Vice President...
Compared to Estimates, Lumen (LUMN) Q3 Earnings: A Look at Key Metrics
The headline numbers for Lumen (LUMN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Lumen (LUMN) Reports Q3 Loss, Tops Revenue Estimates
Lumen (LUMN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.09 per share a year ago.
Lumen CEO on tech partnerships, Google Cloud deal and future of AI
Kate Johnson, Lumen CEO, joins 'Closing Bell: Overtime' to discuss the company's tech partnerships, Google Cloud deal and AI.
Lumen Technologies reports third quarter 2024 results
DENVER , Nov. 5, 2024 /PRNewswire/ -- Lumen Technologies, Inc. (NYSE: LUMN) reported results for the third quarter ended September 30, 2024. Big Tech is Choosing Lumen to Build the Backbone for the AI Economy Continued operational progress and sales...
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