Lumen Technologies Inc

For the period ended Sep 30, 2024. Filed Nov 5, 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.

Sep 30, 2024 · Filed Nov 5, 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 September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
(Dollars in millions, except per share amounts, and shares in thousands)
OPERATING REVENUE	$3,221	3,641	9,779	11,040
OPERATING EXPENSES
Cost of services and products (exclusive of depreciation and amortization)	1,692	1,850	4,997	5,407
Selling, general and administrative	696	791	2,261	2,302
Net loss on sale of business	—	22	17	112
Depreciation and amortization	707	755	2,198	2,234
Goodwill impairment	—	—	—	8,793
Total operating expenses	3,095	3,418	9,473	18,848
OPERATING INCOME (LOSS)	126	223	306	(7,808)
OTHER (EXPENSE) INCOME
Interest expense	(351)	(295)	(1,015)	(868)
Net (loss) gain on early retirement of debt (Note 5)	(1)	—	277	618
Other income (expense), net	54	(13)	321	(37)
Total other expense, net	(298)	(308)	(417)	(287)
LOSS BEFORE INCOME TAXES	(172)	(85)	(111)	(8,095)
Income tax (benefit) expense	(24)	(7)	29	208
NET LOSS	(148)	(78)	(140)	(8,303)
BASIC AND DILUTED LOSS PER COMMON SHARE
BASIC	$(0.15)	(0.08)	(0.14)	(8.45)
DILUTED	$(0.15)	(0.08)	(0.14)	(8.45)
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING
BASIC	988,794	983,550	986,963	982,853
DILUTED	988,794	983,550	986,963	982,853

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.