Lumen Technologies Inc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

LUMN$4.71+9.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

	Years Ended December 31,
	2023	2022	2021
(Dollars in millions, except per shareamounts, and shares in thousands)
OPERATING REVENUE	$14,557	17,478	19,687
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)	7,144	7,868	8,488
Selling, general and administrative	3,198	3,078	2,895
Net loss (gain) on sale of businesses	121	(113)	—
Loss on disposal groups held for sale	—	40	—
Depreciation and amortization	2,985	3,239	4,019
Goodwill impairment	10,693	3,271	—
Total operating expenses	24,141	17,383	15,402
OPERATING (LOSS) INCOME	(9,584)	95	4,285
OTHER EXPENSE
Interest expense	(1,158)	(1,332)	(1,522)
Net gain on early retirement of debt (Note 7)	618	214	8
Other (expense) income, net	(113)	32	(70)
Total other expense, net	(653)	(1,086)	(1,584)
(LOSS) INCOME BEFORE INCOME TAXES	(10,237)	(991)	2,701
Income tax expense	61	557	668
NET (LOSS) INCOME	$(10,298)	(1,548)	2,033
BASIC AND DILUTED (LOSS) EARNINGS PER COMMON SHARE
BASIC	$(10.48)	(1.54)	1.92
DILUTED	$(10.48)	(1.54)	1.91
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
BASIC	983,081	1,007,517	1,059,541
DILUTED	983,081	1,007,517	1,066,778

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.