Cash flow Lumen Technologies, Inc.

Equities

LUMN

US5502411037

Integrated Telecommunications Services

Market Closed - Nyse Other stock markets 16:00:02 2024-12-10 EST			5-day change	1st Jan Change
6.230 ^USD	-4.15%		-7.57%	+240.44%

12-05	FCC chair proposes cybersecurity rules in response to China's Salt Typhoon telecom hack	RE
12-03	Lumen Technologies, Inc. Presents at Bank of America Securities 2024 Leveraged Finance Conference, Dec-03-2024 10:10 AM

432fb64ff34180f0b2b8a6bb0d87903b.fzjcV1rozQL0PsjmRClEitvfatN4vPScEImNoZm6GFg.EWetNA2CrlaGc7_ScEU9s-PuR4Qrj6X2KbC629KOQgomVJI_Ioz6WLB_gQ

Published financial data: LUMEN TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	22.4B	20.71B	19.69B	17.48B	14.56B
Total Revenues	22.4B	20.71B	19.69B	17.48B	14.56B
Cost of Goods Sold, Total	10.08B	8.93B	8.49B	7.87B	7.14B
Gross Profit	12.32B	11.78B	11.2B	9.61B	7.41B
Selling General & Admin Expenses, Total	3.55B	3.32B	3.18B	3.07B	3.28B
Depreciation & Amortization - (IS)	4.83B	4.71B	4B	3.24B	2.98B
Other Operating Expenses, Total	8.38B	8.03B	7.18B	6.31B	6.27B
Operating Income	3.94B	3.74B	4.02B	3.3B	1.15B
Interest Expense, Total	-2.02B	-1.67B	-1.52B	-1.33B	-1.16B
Interest And Investment Income	-	-	-	-	41M
Net Interest Expenses	-2.02B	-1.67B	-1.52B	-1.33B	-1.12B
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	30M	-28M	12M	-10M
Other Non Operating Income (Expenses)	73M	30M	115M	213M	111M
EBT, Excl. Unusual Items	2B	2.14B	2.58B	2.2B	130M
Restructuring Charges	-95M	-172M	-9M	-12M	-74M
Merger & Related Restructuring Charges	-234M	-	-	-	-
Impairment of Goodwill	-6.51B	-2.64B	-	-3.27B	-10.69B
Gain (Loss) On Sale Of Investments	-	-	138M	-192M	-97M
Gain (Loss) On Sale Of Assets	-	-	-	73M	-121M
Asset Writedown	-	-	-21M	-	-
Other Unusual Items	72M	-105M	8M	214M	618M
EBT, Incl. Unusual Items	-4.77B	-782M	2.7B	-991M	-10.24B
Income Tax Expense	503M	450M	668M	557M	61M
Earnings From Continuing Operations	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Net Income to Company	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Net Income - (IS)	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Net Income to Common Incl Extra Items	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Net Income to Common Excl. Extra Items	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Per Share Items
Net EPS - Basic	-4.92	-1.14	1.92	-1.54	-10.48
Basic EPS - Continuing Operations	-4.92	-1.14	1.92	-1.54	-10.48
Basic Weighted Average Shares Outstanding	1.07B	1.08B	1.06B	1.01B	983M
Net EPS - Diluted	-4.92	-1.14	1.91	-1.54	-10.48
Diluted EPS - Continuing Operations	-4.92	-1.14	1.91	-1.54	-10.48
Diluted Weighted Average Shares Outstanding	1.07B	1.08B	1.07B	1.01B	983M
Normalized Basic EPS	1.16	1.24	1.52	1.36	0.08
Normalized Diluted EPS	1.16	1.24	1.51	1.36	0.08
Dividend Per Share	1	1	1	0.75	-
Payout Ratio	-20.88	-90.02	53.47	-50.39	-0.11
Supplemental Items
EBITDA	8.77B	8.46B	8.02B	6.54B	4.13B
EBITA	5.68B	5.49B	5.35B	4.41B	2.2B
EBIT	3.94B	3.74B	4.02B	3.3B	1.15B
EBITDAR	9.43B	9.16B	8.53B	6.97B	4.56B
Effective Tax Rate - (Ratio)	-10.55	-57.54	24.73	-56.21	-0.6
Current Domestic Taxes	22M	55M	47M	1.12B	1M
Current Foreign Taxes	35M	29M	23M	32M	-
Total Current Taxes	57M	84M	70M	1.15B	1M
Deferred Domestic Taxes	457M	393M	586M	-523M	53M
Deferred Foreign Taxes	-11M	-27M	12M	-73M	7M
Total Deferred Taxes	446M	366M	598M	-596M	60M
Normalized Net Income	1.25B	1.34B	1.62B	1.37B	81.25M
Interest Capitalized	72M	75M	53M	66M	111M
Interest on Long-Term Debt	2.09B	1.74B	1.58B	1.4B	1.27B
Non-Cash Pension Expense	39M	-63M	230M	467M	82M
Supplemental Operating Expense Items
Advertising Expense	62M	56M	56M	62M	87M
Selling and Marketing Expenses	62M	56M	56M	62M	87M
Net Rental Expense, Total	653M	704M	510M	426M	434M
Imputed Operating Lease Interest Expense	302M	280M	200M	181M	204M
Imputed Operating Lease Depreciation	351M	424M	310M	245M	230M
Stock-Based Comp., Other (Total)	162M	175M	120M	98M	52M
Total Stock-Based Compensation	162M	175M	120M	98M	52M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.69B	406M	354M	1.25B	2.23B
Total Cash And Short Term Investments	1.69B	406M	354M	1.25B	2.23B
Accounts Receivable, Total	2.28B	1.94B	1.53B	1.43B	1.3B
Other Receivables	55M	98M	140M	65M	326M
Notes Receivable	-	-	56M	-	-
Total Receivables	2.34B	2.04B	1.72B	1.5B	1.62B
Inventory	105M	105M	96M	236M	209M
Prepaid Expenses	274M	290M	295M	319M	395M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	3M	3M	2M	-	-
Other Current Assets, Total	360M	337M	9.07B	2.12B	313M
Total Current Assets	4.77B	3.18B	11.54B	5.42B	4.78B
Gross Property Plant And Equipment	57.11B	59.63B	41.62B	40.39B	42.31B
Accumulated Depreciation	-29.35B	-31.6B	-19.27B	-19.89B	-21.32B
Net Property Plant And Equipment	27.76B	28.04B	22.35B	20.51B	20.99B
Long-term Investments	150M	-	-	-	-
Goodwill	21.53B	18.87B	15.99B	12.66B	1.96B
Other Intangibles, Total	9.57B	8.22B	6.97B	6.17B	5.47B
Deferred Tax Assets Long-Term	-	-	160M	133M	112M
Deferred Charges Long-Term	354M	218M	-	-	-
Other Long-Term Assets, Total	604M	874M	995M	699M	709M
Total Assets	64.74B	59.39B	57.99B	45.58B	34.02B
Liabilities
Accounts Payable, Total	1.72B	1.13B	758M	950M	1.13B
Accrued Expenses, Total	1.39B	1.3B	1.14B	873M	864M
Current Portion of Long-Term Debt	2.26B	2.4B	1.54B	138M	141M
Current Portion of Leases	451M	405M	404M	360M	284M
Current Income Taxes Payable	311M	314M	228M	1.16B	251M
Unearned Revenue Current, Total	804M	753M	617M	596M	647M
Other Current Liabilities	311M	328M	2.49B	728M	213M
Total Current Liabilities	7.26B	6.63B	7.17B	4.8B	3.53B
Long-Term Debt	32.21B	29.14B	27.18B	20.18B	19.62B
Long-Term Leases	1.53B	1.67B	1.42B	1.32B	1.26B
Unearned Revenue Non Current	-	-	-	-	1.97B
Pension & Other Post Retirement Benefits	4.59B	4.56B	3.71B	2.39B	2.49B
Deferred Tax Liability Non Current	2.92B	3.34B	4.05B	3.16B	3.13B
Other Non Current Liabilities	2.77B	2.88B	2.63B	3.28B	1.61B
Total Liabilities	51.27B	48.23B	46.15B	35.14B	33.6B
Common Stock, Total	1.09B	1.1B	1.02B	1B	1.01B
Additional Paid In Capital	21.87B	20.91B	18.97B	18.08B	18.13B
Retained Earnings	-6.81B	-8.03B	-6B	-7.55B	-17.91B
Comprehensive Income and Other	-2.68B	-2.81B	-2.16B	-1.1B	-810M
Total Common Equity	13.47B	11.16B	11.84B	10.44B	417M
Total Equity	13.47B	11.16B	11.84B	10.44B	417M
Total Liabilities And Equity	64.74B	59.39B	57.99B	45.58B	34.02B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.09B	1.1B	1.02B	1B	1.01B
ECS Total Common Shares Outstanding	1.09B	1.1B	1.02B	1B	1.01B
Book Value / Share	12.36	10.18	11.57	10.42	0.41
Tangible Book Value	-17.63B	-15.93B	-11.12B	-8.39B	-7.02B
Tangible Book Value Per Share	-16.17	-14.52	-10.86	-8.37	-6.96
Total Debt	36.45B	33.62B	30.54B	22B	21.3B
Net Debt	34.76B	33.22B	30.18B	20.75B	19.06B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.72B	1.66B	1.15B	580M	736M
Debt Equivalent Oper. Leases	5.22B	5.63B	4.08B	3.41B	3.47B
Equity Method Investments, Total	150M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	867M	848M	751M	651M	646M
Buildings, Total	-	-	-	-	-
Machinery, Total	19.61B	20.69B	15.39B	15.08B	15.74B
Full Time Employees	42.5K	39K	36K	29K	28K
Accumulated Allowance for Doubtful Accounts (Supple)	106M	191M	114M	85M	67M
Order Backlog	-	5.5B	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-5.27B	-1.23B	2.03B	-1.55B	-10.3B
Depreciation & Amortization - CF	3.09B	2.96B	2.67B	2.13B	1.93B
Amortization of Goodwill and Intangible Assets - (CF)	1.74B	1.75B	1.33B	1.11B	1.05B
Depreciation & Amortization, Total	4.83B	4.71B	4B	3.24B	2.98B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-73M	121M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	191M	97M
Asset Writedown & Restructuring Costs	6.51B	2.64B	21M	3.27B	10.69B
Stock-Based Compensation (CF)	162M	175M	120M	98M	52M
Provision and Write-off of Bad Debts	145M	189M	105M	133M	100M
Other Operating Activities, Total	368M	471M	590M	-1.44B	-610M
Change In Accounts Receivable	-5M	115M	-8M	-158M	102M
Change In Accounts Payable	-261M	-543M	-261M	98M	-97M
Change In Income Taxes	20M	27M	-69M	972M	-1.18B
Change in Other Net Operating Assets	185M	-30M	-28M	-44M	200M
Cash from Operations	6.68B	6.52B	6.5B	4.74B	2.16B
Capital Expenditure	-3.63B	-3.73B	-2.9B	-3.02B	-3.1B
Sale of Property, Plant, and Equipment	93M	153M	135M	120M	165M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	8.37B	1.75B
Other Investing Activities, Total	-35M	12M	53M	3M	-12M
Cash from Investing	-3.57B	-3.56B	-2.71B	5.48B	-1.2B
Long-Term Debt Issued, Total	3.71B	4.36B	1.93B	-	200M
Total Debt Issued	3.71B	4.36B	1.93B	-	200M
Long-Term Debt Repaid, Total	-4.46B	-7.42B	-3.6B	-8.29B	-185M
Total Debt Repaid	-4.46B	-7.42B	-3.6B	-8.29B	-185M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-1B	-200M	-
Common Dividends Paid	-1.1B	-1.11B	-1.09B	-780M	-11M
Common & Preferred Stock Dividends Paid	-1.1B	-1.11B	-1.09B	-780M	-11M
Other Financing Activities, Total	-61M	-87M	-53M	-40M	-22M
Cash from Financing	-1.91B	-4.25B	-3.81B	-9.31B	-18M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	1.2B	-1.29B	-18M	898M	941M
Supplemental Items
Cash Interest Paid	2.03B	1.63B	1.49B	1.36B	1.14B
Cash Income Tax Paid (Refund)	-34M	-28M	112M	76M	1.3B
Levered Free Cash Flow	2.48B	2.05B	-4.23B	7.64B	298M
Unlevered Free Cash Flow	3.75B	3.09B	-3.28B	8.47B	1.02B
Change In Net Working Capital	83M	406M	7.01B	-6.09B	-369M
Net Debt Issued / Repaid	-750M	-3.05B	-1.67B	-8.29B	15M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.65	3.77	4.28	3.99	1.8
Return on Total Capital	4.66	4.94	5.77	5.52	2.65
Return On Equity %	-31.65	-10	17.68	-13.9	-190.86
Return on Common Equity	-31.65	-10	17.68	-13.9	-190.86
Margin Analysis
Gross Profit Margin %	55.02	56.87	56.89	54.98	50.92
SG&A Margin	15.85	16.04	16.16	17.55	22.55
EBITDA Margin %	39.17	40.82	40.73	37.44	28.38
EBITA Margin %	25.38	26.52	27.16	25.23	15.11
EBIT Margin %	17.61	18.08	20.42	18.9	7.87
Income From Continuing Operations Margin %	-23.52	-5.95	10.33	-8.86	-70.74
Net Income Margin %	-23.52	-5.95	10.33	-8.86	-70.74
Net Avail. For Common Margin %	-23.52	-5.95	10.33	-8.86	-70.74
Normalized Net Income Margin	5.57	6.45	8.21	7.86	0.56
Levered Free Cash Flow Margin	11.08	9.89	-21.49	43.72	2.05
Unlevered Free Cash Flow Margin	16.72	14.92	-16.66	48.48	7.02
Asset Turnover
Asset Turnover	0.33	0.33	0.34	0.34	0.37
Fixed Assets Turnover	0.83	0.74	0.78	0.82	0.7
Receivables Turnover (Average Receivables)	9.51	9.82	11.37	11.81	10.54
Inventory Turnover (Average Inventory)	89.57	85.09	84.46	47.4	32.11
Short Term Liquidity
Current Ratio	0.66	0.48	1.61	1.13	1.35
Quick Ratio	0.55	0.37	0.28	0.57	1.09
Operating Cash Flow to Current Liabilities	0.92	0.98	0.91	0.99	0.61
Days Sales Outstanding (Average Receivables)	38.37	37.27	32.11	30.9	34.61
Days Outstanding Inventory (Average Inventory)	4.07	4.3	4.32	7.7	11.37
Average Days Payable Outstanding	66.33	58.54	40.72	38.92	55.85
Cash Conversion Cycle (Average Days)	-23.88	-16.97	-4.29	-0.33	-9.87
Long Term Solvency
Total Debt/Equity	270.62	301.21	257.92	210.83	5.11K
Total Debt / Total Capital	73.02	75.08	72.06	67.83	98.08
LT Debt/Equity	250.45	276.07	241.55	206.06	5.01K
Long-Term Debt / Total Capital	67.58	68.81	67.49	66.29	96.12
Total Liabilities / Total Assets	79.19	81.21	79.58	77.1	98.77
EBIT / Interest Expense	1.95	2.25	2.64	2.48	0.99
EBITDA / Interest Expense	4.66	5.49	5.6	5.23	3.94
(EBITDA - Capex) / Interest Expense	2.87	3.26	3.7	2.97	1.27
Total Debt / EBITDA