Lumen Technologies, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
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 Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in millions) | ||
| OPERATING ACTIVITIES | ||
| Net loss | $(666) | (1,737) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,002 | 2,075 |
| Net gain on sale of business | (569) | — |
| Goodwill impairment | — | 628 |
| Deferred income taxes | (602) | (597) |
| Provision for uncollectible accounts | 33 | 47 |
| Net loss on early retirement of debt | 219 | 666 |
| Stock-based compensation | 49 | 35 |
| Changes in current assets and liabilities: | ||
| Accounts receivable | (110) | (92) |
| Accounts payable | (266) | 262 |
| Accrued income and other taxes | 875 | 92 |
| Other current assets and liabilities, net | (16) | 68 |
| Retirement benefits | (139) | 14 |
| Change in deferred revenue | 1,832 | 2,468 |
| Changes in other assets and liabilities, net | 208 | 102 |
| Other, net | (38) | 145 |
| Net cash provided by operating activities | 2,812 | 4,176 |
| INVESTING ACTIVITIES | ||
| Capital expenditures | (2,717) | (2,723) |
| Proceeds from sale of business | 4,977 | — |
| Payment for acquisition, net of cash acquired | (470) | — |
| Proceeds from sale of property, plant and equipment, and other assets | 24 | 44 |
| Other, net | (11) | 10 |
| Net cash provided by (used in) investing activities | 1,803 | (2,669) |
| FINANCING ACTIVITIES | ||
| Net proceeds from issuance of long-term debt | 1,728 | 6,920 |
| Payments of long-term debt | (6,307) | (7,259) |
| Debt issuance and extinguishment costs and related fees | (23) | (641) |
| Other, net | (37) | (15) |
| Net cash used in financing activities | (4,639) | (995) |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (24) | 512 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,014 | 1,900 |
| Cash, cash equivalents and restricted cash at end of period | $990 | 2,412 |
| Supplemental cash flow information: | ||
| Income taxes paid, net | $(51) | (12) |
| Interest paid (net of capitalized interest of $137 and $110) | (605) | (984) |
| Supplemental noncash information regarding financing activities: | ||
| Cancellation of term loans as part of refinancings (Note 5) | $(2,318) | (2,267) |
| Issuance of term loans as part of refinancings (Note 5) | 2,318 | 2,267 |
| Cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $978 | 2,401 |
| Restricted cash included in Other current assets, net | 3 | 3 |
| Restricted cash included in Other assets, net | 9 | 8 |
| Total | $990 | 2,412 |
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