Lumen Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	12,402	13,108	14,557	17,478	19,687
Revenue Growth (YoY)	-5.39%	-9.95%	-16.71%	-11.22%	-4.95%
Cost of Revenue	6,638	6,703	7,144	7,868	8,488
Gross Profit	5,764	6,405	7,413	9,610	11,199
Selling, General & Admin	3,319	2,994	3,355	3,078	2,895
Operating Expenses	6,068	5,950	6,340	6,317	6,914
Operating Income	-304	455	1,073	3,293	4,285
Interest Expense	-1,284	-1,372	-1,158	-1,332	-1,522
Interest & Investment Income	75	119	-	-	-
Currency Exchange Gain (Loss)	14	-25	-	-	-
Other Non Operating Income (Expenses)	215	197	44	32	-70
EBT Excluding Unusual Items	-1,284	-626	-41	1,993	2,693
Merger & Restructuring Charges	-64	-130	-	-	-
Impairment of Goodwill	-628	-	-10,693	-3,271	-
Gain (Loss) on Sale of Investments	-	195	-	-	-
Gain (Loss) on Sale of Assets	-	-17	-121	73	-
Other Unusual Items	-740	348	618	214	8
Pretax Income	-2,716	-230	-10,237	-991	2,701
Income Tax Expense	-977	-175	61	557	668
Net Income	-1,739	-55	-10,298	-1,548	2,033
Net Income to Common	-1,739	-55	-10,298	-1,548	2,033
Shares Outstanding (Basic)	995	988	983	1,008	1,060
Shares Outstanding (Diluted)	995	988	983	1,008	1,067
Shares Change (YoY)	0.69%	0.47%	-2.43%	-5.56%	-1.15%
EPS (Basic)	-1.75	-0.06	-10.48	-1.54	1.92
EPS (Diluted)	-1.75	-0.06	-10.48	-1.54	1.91
Free Cash Flow	371	1,102	-940	1,719	3,601
Free Cash Flow Per Share	0.37	1.12	-0.96	1.71	3.38
Dividend Per Share	-	-	-	0.750	1.000
Dividend Growth	-	-	-	-25.00%	-
Gross Margin	46.48%	48.86%	50.92%	54.98%	56.88%
Operating Margin	-2.45%	3.47%	7.37%	18.84%	21.77%
Profit Margin	-14.02%	-0.42%	-70.74%	-8.86%	10.33%
Free Cash Flow Margin	2.99%	8.41%	-6.46%	9.84%	18.29%
EBITDA	2,445	3,411	4,058	6,532	8,304
EBITDA Margin	19.71%	26.02%	27.88%	37.37%	42.18%
D&A For EBITDA	2,749	2,956	2,985	3,239	4,019
EBIT	-304	455	1,073	3,293	4,285
EBIT Margin	-2.45%	3.47%	7.37%	18.84%	21.77%
Effective Tax Rate	-	-	-	-	24.73%
Advertising Expenses	84	94	87	62	56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.