Lumen Technologies (LUMN)
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About
Business overview of Lumen Technologies (LUMN)
With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.
Key Insights
Critical company metrics and information
Share Price
$6.46Market Cap
$6.55 BillionTotal Outstanding Shares
1.01 Billion SharesTotal Employees
27,000Dividend
$0.25 Per Share QuarterlyIPO Date
October 24, 1978SIC Description
Telephone Communications (no Radiotelephone)Homepage
https://www.lumen.com
Historical Stock Splits
Execution Date | Split Amount |
---|---|
No Historical Stock Splits |
Cash Flow Statement
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Net Cash Flow From Investing Activities, Continuing | $-805.00 Million |
Net Cash Flow From Financing Activities | $-81.00 Million |
Net Cash Flow, Continuing | $1.15 Billion |
Net Cash Flow | $1.15 Billion |
Net Cash Flow From Investing Activities | $-805.00 Million |
Net Cash Flow From Financing Activities, Continuing | $-81.00 Million |
Net Cash Flow From Operating Activities, Continuing | $2.03 Billion |
Net Cash Flow From Operating Activities | $2.03 Billion |
Income Statement
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Benefits Costs and Expenses | $3.39 Billion |
Other Operating Expenses | $0.00 |
Provision For Loan, Lease, And Other Losses | $15.00 Million |
Net Income/Loss Available To Common Stockholders, Basic | $-148.00 Million |
Depreciation and Amortization | $707.00 Million |
Operating Income/Loss | $126.00 Million |
Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
Net Income/Loss Attributable To Parent | $-148.00 Million |
Income Tax Expense/Benefit | $-24.00 Million |
Selling, General, and Administrative Expenses | $696.00 Million |
Preferred Stock Dividends And Other Adjustments | $0.00 |
Cost Of Revenue | $1.69 Billion |
Income/Loss From Continuing Operations After Tax | $-148.00 Million |
Diluted Average Shares | $988.79 Million |
Diluted Earnings Per Share | $-0.15 |
Revenues | $3.22 Billion |
Basic Average Shares | $988.79 Million |
Nonoperating Income/Loss | $-298.00 Million |
Income Tax Expense/Benefit, Deferred | $-8.00 Million |
Basic Earnings Per Share | $-0.15 |
Gross Profit | $1.53 Billion |
Net Income/Loss | $-148.00 Million |
Income/Loss From Continuing Operations Before Tax | $-172.00 Million |
Operating Expenses | $1.40 Billion |
Costs And Expenses | $3.10 Billion |
Balance Sheet
July 1, 2024 to September 30, 2024
Metric | Value |
---|---|
Equity | $342.00 Million |
Wages | $700.00 Million |
Prepaid Expenses | $357.00 Million |
Other Non-current Assets | $3.94 Billion |
Equity Attributable To Noncontrolling Interest | $0.00 |
Other Current Assets | $4.38 Billion |
Accounts Payable | $905.00 Million |
Liabilities | $33.65 Billion |
Current Liabilities | $3.94 Billion |
Current Assets | $4.74 Billion |
Noncurrent Liabilities | $29.71 Billion |
Noncurrent Assets | $29.25 Billion |
Liabilities And Equity | $33.99 Billion |
Equity Attributable To Parent | $342.00 Million |
Intangible Assets | $4.97 Billion |
Fixed Assets | $20.34 Billion |
Other Current Liabilities | $2.33 Billion |
Assets | $33.99 Billion |
Historical Dividends
Current dividend: $0.25 Per Share Quarterly
Announcement Date | Payment Date | Record Date | Amount | Frequency |
---|---|---|---|---|
Aug 18, 2022 | Sep 9, 2022 | Aug 30, 2022 | $0.25 | Quarterly |
May 19, 2022 | Jun 10, 2022 | May 31, 2022 | $0.25 | Quarterly |
Feb 24, 2022 | Mar 18, 2022 | Mar 8, 2022 | $0.25 | Quarterly |
Nov 18, 2021 | Dec 10, 2021 | Nov 29, 2021 | $0.25 | Quarterly |
Aug 19, 2021 | Sep 10, 2021 | Aug 30, 2021 | $0.25 | Quarterly |
May 20, 2021 | Jun 11, 2021 | Jun 1, 2021 | $0.25 | Quarterly |
Feb 25, 2021 | Mar 19, 2021 | Mar 8, 2021 | $0.25 | Quarterly |
Nov 19, 2020 | Dec 11, 2020 | Nov 30, 2020 | $0.25 | Quarterly |
Aug 20, 2020 | Sep 11, 2020 | Aug 31, 2020 | $0.25 | Quarterly |
May 20, 2020 | Jun 12, 2020 | Jun 1, 2020 | $0.25 | Quarterly |
Feb 27, 2020 | Mar 20, 2020 | Mar 9, 2020 | $0.25 | Quarterly |
Nov 21, 2019 | Dec 13, 2019 | Dec 2, 2019 | $0.25 | Quarterly |
Aug 22, 2019 | Sep 13, 2019 | Sep 2, 2019 | $0.25 | Quarterly |
May 23, 2019 | Jun 14, 2019 | Jun 3, 2019 | $0.25 | Quarterly |
Mar 1, 2019 | Mar 22, 2019 | Mar 12, 2019 | $0.25 | Quarterly |
Nov 14, 2018 | Dec 7, 2018 | Nov 26, 2018 | $0.54 | Quarterly |
Aug 21, 2018 | Sep 14, 2018 | Aug 31, 2018 | $0.54 | Quarterly |
May 23, 2018 | Jun 15, 2018 | Jun 4, 2018 | $0.54 | Quarterly |
Feb 21, 2018 | Mar 16, 2018 | Mar 5, 2018 | $0.54 | Quarterly |
Nov 14, 2017 | Dec 11, 2017 | Nov 27, 2017 | $0.54 | Quarterly |
Aug 22, 2017 | Sep 15, 2017 | Sep 5, 2017 | $0.54 | Quarterly |
May 24, 2017 | Jun 16, 2017 | Jun 5, 2017 | $0.54 | Quarterly |
Feb 21, 2017 | Mar 17, 2017 | Mar 3, 2017 | $0.54 | Quarterly |
Nov 15, 2016 | Dec 12, 2016 | Nov 28, 2016 | $0.54 | Quarterly |
Aug 23, 2016 | Sep 16, 2016 | Sep 2, 2016 | $0.54 | Quarterly |
May 18, 2016 | Jun 14, 2016 | May 31, 2016 | $0.54 | Quarterly |
Feb 23, 2016 | Mar 18, 2016 | Mar 4, 2016 | $0.54 | Quarterly |
Nov 10, 2015 | Dec 8, 2015 | Nov 24, 2015 | $0.54 | Quarterly |
Aug 25, 2015 | Sep 22, 2015 | Sep 8, 2015 | $0.54 | Quarterly |
May 20, 2015 | Jun 16, 2015 | Jun 2, 2015 | $0.54 | Quarterly |
Feb 23, 2015 | Mar 20, 2015 | Mar 6, 2015 | $0.54 | Quarterly |
Nov 11, 2014 | Dec 5, 2014 | Nov 24, 2014 | $0.54 | Quarterly |
Aug 19, 2014 | Sep 12, 2014 | Aug 29, 2014 | $0.54 | Quarterly |
May 28, 2014 | Jun 20, 2014 | Jun 9, 2014 | $0.54 | Quarterly |
Feb 24, 2014 | Mar 21, 2014 | Mar 10, 2014 | $0.54 | Quarterly |
Nov 12, 2013 | Dec 6, 2013 | Nov 25, 2013 | $0.54 | Quarterly |
Aug 27, 2013 | Sep 19, 2013 | Sep 6, 2013 | $0.54 | Quarterly |
May 22, 2013 | Jun 14, 2013 | Jun 3, 2013 | $0.54 | Quarterly |
Feb 27, 2013 | Mar 22, 2013 | Mar 11, 2013 | $0.54 | Quarterly |
Nov 13, 2012 | Dec 21, 2012 | Dec 11, 2012 | $0.725 | Quarterly |
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