Lumen Technologies Inc

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 6, 2024

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

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Contents

Consolidated Statements of Operations (Unaudited)

CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
(Dollars in millions, except per share amounts, and shares in thousands)
OPERATING REVENUE	$3,268	3,661	6,558	7,399
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)	1,653	1,740	3,305	3,557
Selling, general and administrative	742	790	1,565	1,511
(Gain) loss on sale of business	(5)	13	17	90
Depreciation and amortization	743	746	1,491	1,479
Goodwill impairment	—	8,793	—	8,793
Total operating expenses	3,133	12,082	6,378	15,430
OPERATING INCOME (LOSS)	135	(8,421)	180	(8,031)
OTHER (EXPENSE) INCOME
Interest expense	(373)	(294)	(664)	(573)
Net gain on early retirement of debt (Note 5)	3	9	278	618
Other income (expense), net	194	16	267	(24)
Total other (expense) income, net	(176)	(269)	(119)	21
(LOSS) INCOME BEFORE INCOME TAXES	(41)	(8,690)	61	(8,010)
Income tax expense	8	46	53	215
NET (LOSS) INCOME	(49)	(8,736)	8	(8,225)
BASIC AND DILUTED (LOSS) EARNINGS PER COMMON SHARE
BASIC	$(0.05)	(8.88)	0.01	(8.37)
DILUTED	$(0.05)	(8.88)	0.01	(8.37)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC	987,239	983,453	986,047	982,505
DILUTED	987,239	983,453	987,224	982,505

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.