← Lumen Technologies, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($1.5b) ($10.3b) ($55.0m) ($1.7b)
Net Income (Loss) Attributable to Parent $626.0m $1.4b ($1.7b) ($5.3b) ($1.2b) $2.0b ($1.5b) ($10.3b) ($55.0m) ($1.7b)
Net Income (Loss) Available to Common Stockholders, Basic $626.0m $1.4b ($1.7b) ($5.3b) ($1.2b) $2.0b ($1.5b) ($10.3b) ($55.0m) ($1.7b)
Depreciation, Depletion and Amortization $3.9b $3.9b $5.1b $4.8b $4.7b $4.0b $3.2b $3.0b $3.0b $2.7b
Amortization of Debt Issuance Costs and Discounts $2.0m $9.0m $13.0m — — — $0 ($14.0m) — —
Amortization of Intangible Assets $1.2b $1.2b $1.8b $1.7b $1.7b $1.3b $1.1b $1.1b $1.1b $1.0b
Depreciation $2.7b $2.7b $3.3b $3.1b $3.0b $2.7b $2.1b $1.9b $1.9b $1.7b
Amortization Cash Flow — — — — — — $1.1b $1.1b $1.1b $1.0b
Amortization Of Intangibles — — — — — — $1.1b $1.1b $1.1b $1.0b
Depreciation Amortization Depletion — — — — — — $3.2b $3.0b $3.0b $2.7b
Deferred Income Tax Expense (Benefit) $6.0m ($931.0m) $522.0m $440.0m $366.0m $598.0m ($1.2b) $8.0m ($209.0m) ($705.0m)
Deferred Income Tax — — — — — — ($1.2b) $8.0m ($209.0m) ($705.0m)
Deferred Tax — — — — — — ($1.2b) $8.0m ($209.0m) ($705.0m)
Share-based Payment Arrangement, Noncash Expense $80.0m $111.0m $186.0m $162.0m $175.0m $120.0m $98.0m $52.0m $29.0m $48.0m
Goodwill, Impairment Loss — — $2.7b $6.5b $2.6b $0 $3.3b $10.7b $0 $628.0m
Share-based Payment Arrangement, Expense $80.0m $111.0m $185.0m $162.0m $175.0m $120.0m $98.0m $52.0m $29.0m $48.0m
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — $0 $0 $0 $0 $0 —
Asset Impairment Charge — — — — — — $3.3b $10.7b $83.0m $737.0m
Gain (Loss) on Extinguishment of Debt ($27.0m) ($5.0m) $7.0m ($72.0m) $105.0m $8.0m $214.0m $618.0m $348.0m ($740.0m)
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — — — $205.0m $0
Gain (Loss) on Disposition of Business — — $0 $0 — — $773.0m ($121.0m) ($17.0m) $0
Income Tax Expense (Benefit) $394.0m ($849.0m) $170.0m $503.0m $450.0m $668.0m $557.0m $61.0m ($175.0m) ($977.0m)
Interest Expense Nonoperating — — — — — — — — $1.4b $1.3b
Operating Lease, Lease Income — — — $1.4b $1.3b $1.2b $1.2b $1.0b $1.0b $1.1b
Other Nonoperating Income (Expense) $7.0m $12.0m $44.0m ($19.0m) ($76.0m) ($62.0m) $246.0m ($113.0m) $334.0m $120.0m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $266.0m ($31.0m) ($25.0m) $5.0m ($115.0m) $8.0m $158.0m ($102.0m) ($19.0m) $168.0m
Increase (Decrease) in Accounts Payable $109.0m ($123.0m) $124.0m ($261.0m) ($543.0m) ($261.0m) $98.0m ($97.0m) ($202.0m) $632.0m
Accounts Receivable, Credit Loss Expense (Reversal) $192.0m $176.0m $153.0m $145.0m $189.0m $105.0m $133.0m $100.0m $72.0m $70.0m
Asset Retirement Obligation, Accretion Expense $6.0m $6.0m $10.0m $11.0m $10.0m $10.0m $10.0m $6.0m $12.0m $10.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — ($700.0m) $0 $0 —
Gain (Loss) on Investments — — — — — — ($83.0m) ($75.0m) — —
Gain (Loss) Related to Litigation Settlement — — — ($71.0m) — — — — — —
Goodwill $19.6b $30.5b $28.0b $21.5b $18.9b $16.0b $12.7b $2.0b $2.0b $0
Nonoperating Income (Expense) ($1.3b) ($1.5b) ($2.1b) ($2.0b) ($1.7b) ($1.6b) ($1.1b) ($653.0m) ($690.0m) ($1.9b)
Operating Expenses $15.1b $15.6b $22.9b — — — — — — —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — $189.0m $105.0m $133.0m $100.0m $72.0m $70.0m
Revenue from Contract with Customer, Including Assessed Tax — — $21.9b — — — — — — —
Unrealized Gain (Loss) on Investments — — — — $0 ($138.0m) ($191.0m) ($97.0m) ($10.0m) $0
Beginning Cash Position — — — — — — $409.0m $1.3b $2.2b $1.9b
Cash Flow From Continuing Financing Activities — — — — — — ($9.3b) ($18.0m) ($1.9b) ($1.3b)
Cash Flow From Continuing Investing Activities — — — — — — $5.5b ($1.2b) ($2.8b) ($4.3b)
Change In Account Payable — — — — — — $98.0m ($97.0m) ($202.0m) $632.0m
Change In Income Tax Payable — — — — — ($69.0m) $972.0m ($1.2b) — —
Change In Other Working Capital — — — — — — ($114.0m) $181.0m $2.7b $2.2b
Change In Payable — — — — — — $98.0m ($97.0m) ($202.0m) $632.0m
Change In Payables And Accrued Expense — — — — — — $98.0m ($97.0m) ($202.0m) $632.0m
Change In Receivables — — — — — — $814.0m ($1.1b) ($170.0m) ($148.0m)
Change In Tax Payable — — — — — ($69.0m) $972.0m ($1.2b) — —
Change In Working Capital — — — — — — $798.0m ($999.0m) $2.4b $2.7b
Changes In Account Receivables — — — — — — ($158.0m) $102.0m $19.0m ($168.0m)
Changes In Cash — — — — — — $898.0m $941.0m ($348.0m) ($886.0m)
End Cash Position — — — — — — $1.3b $2.2b $1.9b $1.0b
Financing Cash Flow — — — — — — ($9.3b) ($18.0m) ($1.9b) ($1.3b)
Free Cash Flow — — — — — — $1.7b ($940.0m) $1.1b $371.0m
Gain Loss On Sale Of Business — — — — — — ($73.0m) $121.0m $17.0m $0
Investing Cash Flow — — — — — — $5.5b ($1.2b) ($2.8b) ($4.3b)
Net Business Purchase And Sale — — — — — — $8.4b $1.7b $15.0m $0
Net PPE Purchase And Sale — — — — — — $120.0m $165.0m $366.0m $47.0m
Operating Gains Losses — — — — — — ($241.0m) ($498.0m) ($717.0m) $770.0m
Other Non Cash Items — — — — — — $19.0m ($7.0m) ($186.0m) $78.0m
Pension And Employee Benefit Expense — — — — — — $46.0m ($1.0m) ($181.0m) $30.0m
Provisionand Write Offof Assets — — — — — — $133.0m $100.0m $72.0m $70.0m
Repurchase Of Capital Stock — — — — — ($1.0b) ($200.0m) $0 $0 —
Sale Of Business — — — — — — $8.4b $1.7b $15.0m $0
Sale Of PPE — — — — — — $120.0m $165.0m $366.0m $47.0m
Stock Based Compensation — — — — — — $98.0m $52.0m $29.0m $48.0m
Unrealized Gain Loss On Investment Securities — — — — — — $191.0m $97.0m $10.0m $0
Net Cash Provided by (Used in) Operating Activities $4.6b $3.9b $7.0b $6.7b $6.5b $6.5b $4.7b $2.2b $4.3b $4.7b
Cash flows from investing activities:
Capital Expenditure — — — — — — ($3.0b) ($3.1b) ($3.2b) ($4.4b)
Capital Expenditure Reported $3.0b $3.1b $3.2b $3.6b $3.7b $2.9b ($3.0b) ($3.1b) ($3.2b) ($4.4b)
Payments to Acquire Businesses, Net of Cash Acquired — $7.3b $0 $0 — — — — — —
Payments for (Proceeds from) Other Investing Activities $4.0m $0 $61.0m $35.0m ($12.0m) ($53.0m) ($3.0m) $12.0m ($20.0m) ($15.0m)
Net Other Investing Changes — — — — — — $3.0m ($12.0m) $20.0m $15.0m
Net Cash Provided by (Used in) Investing Activities ($3.0b) ($8.9b) ($3.1b) ($3.6b) ($3.6b) ($2.7b) $5.5b ($1.2b) ($2.8b) ($4.3b)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $2.2b $8.4b $130.0m $3.7b $4.4b $1.9b $0 $0 $1.3b $8.2b
Issuance Of Debt — — — — — — $0 $0 $1.3b $8.2b
Long Term Debt Issuance — — — — — — $0 $0 $1.3b $8.2b
Net Issuance Payments Of Debt — — — — — — ($8.3b) $15.0m ($1.6b) ($660.0m)
Net Long Term Debt Issuance — — — — — — ($8.1b) ($185.0m) ($1.4b) ($660.0m)
Net Short Term Debt Issuance — — — — — — ($200.0m) $200.0m ($200.0m) $0
Repayments of Long-term Debt $2.5b $2.0b $1.9b $4.2b $7.3b $3.6b $8.1b $185.0m $2.7b $8.8b
Long Term Debt Payments — — — — — — ($8.1b) ($185.0m) ($2.7b) ($8.8b)
Repayment Of Debt — — — — — — ($8.1b) ($185.0m) ($2.7b) ($8.8b)
Proceeds from Issuance of Common Stock $6.0m — — — — — — — — —
Net Common Stock Issuance — — — — — ($1.0b) ($200.0m) $0 $0 —
Payments for Repurchase of Common Stock $16.0m $17.0m — — — $1.0b $200.0m $0 $0 —
Common Stock Payments — — — — — ($1.0b) ($200.0m) $0 $0 —
Dividends paid $1.2b $1.5b $2.3b $1.1b $1.1b $1.1b $780.0m $11.0m $3.0m $1.0m
Payments of Dividends $1.2b $1.5b $2.3b $1.1b $1.1b $1.1b $780.0m $11.0m $3.0m $1.0m
Cash Dividends Paid — — — — — — ($780.0m) ($11.0m) ($3.0m) ($1.0m)
Proceeds from (Payments for) Other Financing Activities $0 $2.0m ($50.0m) ($61.0m) ($87.0m) ($53.0m) ($40.0m) ($22.0m) ($12.0m) ($13.0m)
Net Other Financing Charges — — — — — — ($40.0m) ($22.0m) ($295.0m) ($658.0m)
Net Cash Provided by (Used in) Financing Activities ($1.5b) $5.4b ($4.0b) ($1.9b) ($4.2b) ($3.8b) ($9.3b) ($18.0m) ($1.9b) ($1.3b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $96.0m $363.0m ($69.0m) $1.2b ($1.3b) ($18.0m) $898.0m $941.0m ($348.0m) ($886.0m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $96.0m $587.0m $518.0m $1.7b $427.0m $409.0m $1.3b $941.0m ($348.0m) $1.0b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $898.0m $941.0m ($348.0m) ($886.0m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.3b $1.4b $2.1b $2.0b $1.6b $1.5b $1.4b $1.1b $1.2b $1.2b
Income Taxes Paid, Net $397.0m $392.0m ($674.0m) ($34.0m) ($28.0m) $112.0m $76.0m $1.3b ($242.0m) $18.0m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.