Lumen Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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 Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (Dollars in millions, except per shareamounts, and shares in thousands) | |||
| OPERATING REVENUE | $13,108 | 14,557 | 17,478 |
| OPERATING EXPENSES | |||
| Cost of services and products (exclusive of depreciation and amortization) | 6,703 | 7,144 | 7,868 |
| Selling, general and administrative | 2,972 | 3,198 | 3,078 |
| Net loss (gain) on sale of businesses | 17 | 121 | (113) |
| Loss on disposal groups held for sale | — | — | 40 |
| Depreciation and amortization | 2,956 | 2,985 | 3,239 |
| Goodwill impairment | — | 10,693 | 3,271 |
| Total operating expenses | 12,648 | 24,141 | 17,383 |
| OPERATING INCOME (LOSS) | 460 | (9,584) | 95 |
| OTHER EXPENSE | |||
| Interest expense | (1,372) | (1,158) | (1,332) |
| Net gain on early retirement of debt (Note 7) | 348 | 618 | 214 |
| Other income (expense), net | 334 | (113) | 32 |
| Total other expense, net | (690) | (653) | (1,086) |
| LOSS BEFORE INCOME TAXES | (230) | (10,237) | (991) |
| Income tax (benefit) expense | (175) | 61 | 557 |
| NET LOSS | $(55) | (10,298) | (1,548) |
| BASIC AND DILUTED LOSS PER COMMON SHARE | |||
| BASIC | $(0.06) | (10.48) | (1.54) |
| DILUTED | $(0.06) | (10.48) | (1.54) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | |||
| BASIC | 987,680 | 983,081 | 1,007,517 |
| DILUTED | 987,680 | 983,081 | 1,007,517 |
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