Lumen Technologies Inc
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 30, 2024
LUMN$4.71+9.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
CONSOLIDATED BALANCE SHEETS
| March 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Dollars in millions and shares in thousands) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $1,580 | 2,234 |
| Accounts receivable, less allowance of $67 and $67 | 1,322 | 1,318 |
| Other | 1,033 | 1,223 |
| Total current assets | 3,935 | 4,775 |
| Property, plant and equipment, net of accumulated depreciation of $21,725 and $21,318 | 19,908 | 19,758 |
| GOODWILL AND OTHER ASSETS | ||
| Goodwill | 1,964 | 1,964 |
| Other intangible assets, net | 5,290 | 5,470 |
| Other, net | 2,076 | 2,051 |
| Total goodwill and other assets | 9,330 | 9,485 |
| TOTAL ASSETS | $33,173 | 34,018 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturities of long-term debt | $86 | 157 |
| Accounts payable | 1,162 | 1,134 |
| Accrued expenses and other liabilities | ||
| Salaries and benefits | 578 | 696 |
| Income and other taxes | 761 | 251 |
| Current operating lease liabilities | 282 | 268 |
| Interest | 110 | 168 |
| Other | 172 | 213 |
| Current portion of deferred revenue | 665 | 647 |
| Total current liabilities | 3,816 | 3,534 |
| LONG-TERM DEBT | 18,591 | 19,831 |
| DEFERRED CREDITS AND OTHER LIABILITIES | ||
| Deferred income taxes, net | 3,143 | 3,127 |
| Benefit plan obligations, net | 2,457 | 2,490 |
| Deferred revenue | 2,021 | 1,969 |
| Other | 2,641 | 2,650 |
| Total deferred credits and other liabilities | 10,262 | 10,236 |
| COMMITMENTS AND CONTINGENCIES (Note 11) | ||
| STOCKHOLDERS' EQUITY | ||
| Preferred stock—non-redeemable, $25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares | — | — |
| Common stock, $1.00 par value, authorized 2,200,000 and 2,200,000 shares, issued and outstanding 1,015,967 and 1,008,486 shares | 1,016 | 1,008 |
| Additional paid-in capital | 18,137 | 18,126 |
| Accumulated other comprehensive loss | (799) | (810) |
| Accumulated deficit | (17,850) | (17,907) |
| Total stockholders' equity | 504 | 417 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $33,173 | 34,018 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.