LUMN FY 2010 Earnings Report — Lumen Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lumen Technologies, Inc.LUMN

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$7.0B	—	$5.0B	—	41.6%
Op. Income	$2.1B	—	$1.2B	—	67.1%
Gross Margin	65.8%	—	64.8%	—	1.0pp
Net Margin	13.5%	—	13.0%	—	0.4pp
EPS (Diluted)	$3.13	—	$2.16	—	44.9%
Free Cash Flow	$1.2B	—	$817M	—	44.5%

Revenue Flow

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$2.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$1.4B
Operating Expenses	$2.6B
Cost & Expenses	$5.0B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$557M
Other Income/Expenses	-$528M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$583M
Net Income from Continuing Ops	$949M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$1M
NET INCOME	$948M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$942M
D&A	$1.4B
EBIT	$2.1B
EBITDA	$3.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$7.0B
Cost of Revenue	$2.4B
GROSS PROFIT	$4.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$1.4B
Operating Expenses	$2.6B
Cost & Expenses	$5.0B
OPERATING INCOME	$2.1B
Interest Income	$0
Interest Expense	$557M
Other Income/Expenses	-$528M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$583M
Net Income from Continuing Ops	$949M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$1M
NET INCOME	$948M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$942M
D&A	$1.4B
EBIT	$2.1B
EBITDA	$3.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$949M
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$38M
Deferred Income Tax	$132M
Other Non-Cash Items	-$284M
Change in Working Capital	-$224M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$864M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$859M
Net Debt Issuance	-$426M
Common Stock Repurchased	-$17M
Common Dividends Paid	-$878M
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.2B
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$173M
Short-Term Investments	$0
Net Receivables	$815M
Inventory	$33M
Other Current Assets	$122M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$8.8B
Goodwill	$10.3B
Intangible Assets	$1.9B
Long-Term Investments	-$1.9B
Tax Assets	$81M
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$20.9B
TOTAL ASSETS	$22.0B
Account Payables	$300M
Short-Term Debt	$12M
Deferred Revenue	$190M
Other Current Liabilities	$226M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$7.3B
Deferred Revenue NC	$389M
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$1.5B
TOTAL NON-CURRENT LIABILITIES	$11.4B
TOTAL LIABILITIES	$12.4B
Common Stock	$305M
Additional Paid-In Capital	$6.2B
Retained Earnings	$3.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$141M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.6B
Minority Interest	$6M
TOTAL EQUITY	$9.7B
TOTAL LIABILITIES & EQUITY	$22.0B
Total Debt	$7.3B
Net Debt	$7.2B