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

    $6.58
  • Market Cap

    $6.68 Billion
  • Total Outstanding Shares

    1.01 Billion Shares
  • Total Employees

    27,000
  • Dividend

    $0.25 Per Share Quarterly
  • IPO Date

    October 24, 1978
  • SIC Description

    Telephone Communications (no Radiotelephone)
  • Homepage

    https://www.lumen.com

Historical Stock Splits

Execution DateSplit Amount
No Historical Stock Splits

Cash Flow Statement

July 1, 2024 to September 30, 2024
MetricValue
Net Cash Flow From Operating Activities, Continuing$2.03 Billion
Net Cash Flow From Investing Activities$-805.00 Million
Net Cash Flow From Financing Activities, Continuing$-81.00 Million
Net Cash Flow From Financing Activities$-81.00 Million
Net Cash Flow From Operating Activities$2.03 Billion
Net Cash Flow From Investing Activities, Continuing$-805.00 Million
Net Cash Flow$1.15 Billion
Net Cash Flow, Continuing$1.15 Billion

Income Statement

July 1, 2024 to September 30, 2024
MetricValue
Benefits Costs and Expenses$3.39 Billion
Income/Loss From Continuing Operations After Tax$-148.00 Million
Net Income/Loss Available To Common Stockholders, Basic$-148.00 Million
Preferred Stock Dividends And Other Adjustments$0.00
Selling, General, and Administrative Expenses$696.00 Million
Cost Of Revenue$1.69 Billion
Revenues$3.22 Billion
Provision For Loan, Lease, And Other Losses$15.00 Million
Net Income/Loss Attributable To Parent$-148.00 Million
Basic Average Shares$988.79 Million
Gross Profit$1.53 Billion
Basic Earnings Per Share$0.15
Operating Income/Loss$126.00 Million
Other Operating Expenses$0.00
Depreciation and Amortization$707.00 Million
Income/Loss From Continuing Operations Before Tax$-172.00 Million
Diluted Earnings Per Share$0.15
Net Income/Loss Attributable To Noncontrolling Interest$0.00
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00
Income Tax Expense/Benefit$-24.00 Million
Income Tax Expense/Benefit, Deferred$-8.00 Million
Costs And Expenses$3.10 Billion
Net Income/Loss$-148.00 Million
Operating Expenses$1.40 Billion
Diluted Average Shares$988.79 Million
Nonoperating Income/Loss$-298.00 Million

Balance Sheet

July 1, 2024 to September 30, 2024
MetricValue
Noncurrent Assets$29.25 Billion
Liabilities$33.65 Billion
Other Current Assets$4.38 Billion
Wages$700.00 Million
Prepaid Expenses$357.00 Million
Noncurrent Liabilities$29.71 Billion
Equity Attributable To Parent$342.00 Million
Equity Attributable To Noncontrolling Interest$0.00
Fixed Assets$20.34 Billion
Other Current Liabilities$2.33 Billion
Equity$342.00 Million
Current Liabilities$3.94 Billion
Intangible Assets$4.97 Billion
Other Non-current Assets$3.94 Billion
Current Assets$4.74 Billion
Liabilities And Equity$33.99 Billion
Assets$33.99 Billion
Accounts Payable$905.00 Million

Historical Dividends

Current dividend: $0.25 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Aug 18, 2022Sep 9, 2022Aug 30, 2022$0.25Quarterly
May 19, 2022Jun 10, 2022May 31, 2022$0.25Quarterly
Feb 24, 2022Mar 18, 2022Mar 8, 2022$0.25Quarterly
Nov 18, 2021Dec 10, 2021Nov 29, 2021$0.25Quarterly
Aug 19, 2021Sep 10, 2021Aug 30, 2021$0.25Quarterly
May 20, 2021Jun 11, 2021Jun 1, 2021$0.25Quarterly
Feb 25, 2021Mar 19, 2021Mar 8, 2021$0.25Quarterly
Nov 19, 2020Dec 11, 2020Nov 30, 2020$0.25Quarterly
Aug 20, 2020Sep 11, 2020Aug 31, 2020$0.25Quarterly
May 20, 2020Jun 12, 2020Jun 1, 2020$0.25Quarterly
Feb 27, 2020Mar 20, 2020Mar 9, 2020$0.25Quarterly
Nov 21, 2019Dec 13, 2019Dec 2, 2019$0.25Quarterly
Aug 22, 2019Sep 13, 2019Sep 2, 2019$0.25Quarterly
May 23, 2019Jun 14, 2019Jun 3, 2019$0.25Quarterly
Mar 1, 2019Mar 22, 2019Mar 12, 2019$0.25Quarterly
Nov 14, 2018Dec 7, 2018Nov 26, 2018$0.54Quarterly
Aug 21, 2018Sep 14, 2018Aug 31, 2018$0.54Quarterly
May 23, 2018Jun 15, 2018Jun 4, 2018$0.54Quarterly
Feb 21, 2018Mar 16, 2018Mar 5, 2018$0.54Quarterly
Nov 14, 2017Dec 11, 2017Nov 27, 2017$0.54Quarterly
Aug 22, 2017Sep 15, 2017Sep 5, 2017$0.54Quarterly
May 24, 2017Jun 16, 2017Jun 5, 2017$0.54Quarterly
Feb 21, 2017Mar 17, 2017Mar 3, 2017$0.54Quarterly
Nov 15, 2016Dec 12, 2016Nov 28, 2016$0.54Quarterly
Aug 23, 2016Sep 16, 2016Sep 2, 2016$0.54Quarterly
May 18, 2016Jun 14, 2016May 31, 2016$0.54Quarterly
Feb 23, 2016Mar 18, 2016Mar 4, 2016$0.54Quarterly
Nov 10, 2015Dec 8, 2015Nov 24, 2015$0.54Quarterly
Aug 25, 2015Sep 22, 2015Sep 8, 2015$0.54Quarterly
May 20, 2015Jun 16, 2015Jun 2, 2015$0.54Quarterly
Feb 23, 2015Mar 20, 2015Mar 6, 2015$0.54Quarterly
Nov 11, 2014Dec 5, 2014Nov 24, 2014$0.54Quarterly
Aug 19, 2014Sep 12, 2014Aug 29, 2014$0.54Quarterly
May 28, 2014Jun 20, 2014Jun 9, 2014$0.54Quarterly
Feb 24, 2014Mar 21, 2014Mar 10, 2014$0.54Quarterly
Nov 12, 2013Dec 6, 2013Nov 25, 2013$0.54Quarterly
Aug 27, 2013Sep 19, 2013Sep 6, 2013$0.54Quarterly
May 22, 2013Jun 14, 2013Jun 3, 2013$0.54Quarterly
Feb 27, 2013Mar 22, 2013Mar 11, 2013$0.54Quarterly
Nov 13, 2012Dec 21, 2012Dec 11, 2012$0.725Quarterly
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