Lumen Technologies Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-1,652	-55	-10,298	-1,548	2,033	-1,232
Depreciation & Amortization	2,833	2,956	2,985	3,239	4,019	4,710
Loss (Gain) From Sale of Assets	-	17	121	-73	-	-
Asset Writedown & Restructuring Costs	711	83	10,720	3,276	-	2,642
Loss (Gain) From Sale of Investments	10	-195	97	191	-138	-
Stock-Based Compensation	43	29	52	98	120	175
Provision & Write-off of Bad Debts	65	72	100	133	105	189
Other Operating Activities	-204	-636	-610	-1,444	590	471
Change in Accounts Receivable	-112	19	102	-158	-8	115
Change in Accounts Payable	272	-202	-97	98	-261	-543
Change in Unearned Revenue	2,659	1,763	230	6	-	-
Change in Income Taxes	-537	-189	-1,185	972	-69	27
Change in Other Net Operating Assets	776	671	-57	-55	110	-30
Operating Cash Flow	4,864	4,333	2,160	4,735	6,501	6,524
Operating Cash Flow Growth	9.82%	100.60%	-54.38%	-27.16%	-0.35%	-2.33%
Capital Expenditures	-3,638	-3,231	-3,100	-3,016	-2,900	-3,729
Sale of Property, Plant & Equipment	127	366	165	120	135	153
Divestitures	15	15	1,746	8,369	-	-
Other Investing Activities	-4	20	-12	3	53	12
Investing Cash Flow	-3,500	-2,830	-1,201	5,476	-2,712	-3,564
Long-Term Debt Issued	-	1,325	200	-	1,931	4,361
Long-Term Debt Repaid	-	-2,878	-185	-8,293	-3,598	-7,415
Net Debt Issued (Repaid)	-948	-1,553	15	-8,293	-1,667	-3,054
Repurchase of Common Stock	-	-	-	-200	-1,000	-
Common Dividends Paid	-3	-3	-11	-780	-1,087	-1,109
Other Financing Activities	-654	-295	-22	-40	-53	-87
Financing Cash Flow	-1,605	-1,851	-18	-9,313	-3,807	-4,250
Net Cash Flow	-241	-348	941	898	-18	-1,290
Free Cash Flow	1,226	1,102	-940	1,719	3,601	2,795
Free Cash Flow Growth	-5.11%	-	-	-52.26%	28.84%	-8.42%
Free Cash Flow Margin	9.66%	8.41%	-6.46%	9.84%	18.29%	13.49%
Free Cash Flow Per Share	1.24	1.12	-0.96	1.71	3.38	2.59
Cash Interest Paid	1,352	1,245	1,138	1,365	1,487	1,627
Cash Income Tax Paid	195	-242	1,303	76	112	-28
Levered Free Cash Flow	-5,442	-918.13	298.5	7,698	-4,044	2,008
Unlevered Free Cash Flow	-4,592	-60.63	1,022	8,530	-3,093	3,050
Change in Working Capital	3,058	2,062	-1,007	863	-228	-431

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