LUMN FY 2009 Earnings Report — Lumen Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lumen Technologies, Inc.LUMN

FY 2009 Earnings

Reported March 1, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$5.0B	—	$2.6B	—	91.3%
Op. Income	$1.2B	—	$721M	—	70.9%
Gross Margin	64.8%	—	63.2%	—	1.5pp
Net Margin	13.0%	—	14.1%	—	-1.1pp
EPS (Diluted)	$2.16	—	$3.52	—	-38.6%
Free Cash Flow	$817M	—	$566M	—	44.3%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$975M
Operating Expenses	$2.0B
Cost & Expenses	$3.7B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$370M
Other Income/Expenses	-$419M
INCOME BEFORE TAX	$815M
Income Tax Expense	$302M
Net Income from Continuing Ops	$513M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$137M
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$975M
EBIT	$1.2B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$1.8B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$975M
Operating Expenses	$2.0B
Cost & Expenses	$3.7B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$370M
Other Income/Expenses	-$419M
INCOME BEFORE TAX	$815M
Income Tax Expense	$302M
Net Income from Continuing Ops	$513M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$137M
NET INCOME	$647M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$975M
EBIT	$1.2B
EBITDA	$2.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$649M
Depreciation & Amortization	$975M
Stock-Based Compensation	$55M
Deferred Income Tax	$154M
Other Non-Cash Items	-$213M
Change in Working Capital	-$45M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$757M
Acquisitions (Net)	$77M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$794.0K
NET CASH FROM INVESTING	-$679M
Net Debt Issuance	-$453M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$561M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$976M
FREE CASH FLOW	$817M
Net Change in Cash	-$82M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$0
Net Receivables	$801M
Inventory	$36M
Other Current Assets	$125M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$9.1B
Goodwill	$10.3B
Intangible Assets	$2.1B
Long-Term Investments	-$2.1B
Tax Assets	$83M
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$21.4B
TOTAL ASSETS	$22.5B
Account Payables	$395M
Short-Term Debt	$500M
Deferred Revenue	$182M
Other Current Liabilities	$276M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$7.3B
Deferred Revenue NC	$393M
Deferred Tax Liabilities	$2.3B
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$11.3B
TOTAL LIABILITIES	$13.0B
Common Stock	$299M
Additional Paid-In Capital	$6.0B
Retained Earnings	$3.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.5B
Minority Interest	$6M
TOTAL EQUITY	$9.5B
TOTAL LIABILITIES & EQUITY	$22.5B
Total Debt	$7.8B
Net Debt	$7.6B