LUMN FY 2012 Earnings Report — Lumen Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lumen Technologies, Inc.LUMN

FY 2012 Earnings

Reported March 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$18.4B	—	$15.4B	—	19.7%
Op. Income	$2.7B	—	$2.0B	—	34.0%
Gross Margin	58.4%	—	58.8%	—	-0.4pp
Net Margin	4.2%	—	3.7%	—	0.5pp
EPS (Diluted)	$1.25	—	$1.07	—	16.8%
Free Cash Flow	$3.1B	—	$1.8B	—	75.8%

Revenue Flow

Item	Amount
REVENUE	$18.4B
Cost of Revenue	$7.6B
GROSS PROFIT	$10.7B
R&D Expenses	$0
Selling & Marketing	$189M
General & Administrative	$3.1B
SG&A Expenses	$3.2B
Other Expenses	-$144M
Operating Expenses	$8.0B
Cost & Expenses	$15.7B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$473M
Net Income from Continuing Ops	$777M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$777M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$776M
D&A	$4.8B
EBIT	$2.6B
EBITDA	$7.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$18.4B
Cost of Revenue	$7.6B
GROSS PROFIT	$10.7B
R&D Expenses	$0
Selling & Marketing	$189M
General & Administrative	$3.1B
SG&A Expenses	$3.2B
Other Expenses	-$144M
Operating Expenses	$8.0B
Cost & Expenses	$15.7B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$473M
Net Income from Continuing Ops	$777M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$777M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$776M
D&A	$4.8B
EBIT	$2.6B
EBITDA	$7.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$777M
Depreciation & Amortization	$4.8B
Stock-Based Compensation	$110M
Deferred Income Tax	$394M
Other Non-Cash Items	-$20M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$6.1B
Capital Expenditure	-$2.9B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$229M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	-$1.6B
Common Stock Repurchased	-$37M
Common Dividends Paid	-$1.8B
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$3.1B
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$211M
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$125M
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$19.0B
Goodwill	$21.6B
Intangible Assets	$9.0B
Long-Term Investments	-$891M
Tax Assets	$891M
Other Non-Current Assets	$9.6B
TOTAL NON-CURRENT ASSETS	$50.4B
TOTAL ASSETS	$54.0B
Account Payables	$1.2B
Short-Term Debt	$1.2B
Deferred Revenue	$642M
Other Current Liabilities	$502M
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$19.4B
Deferred Revenue NC	-$3.6B
Deferred Tax Liabilities	$3.6B
Other Non-Current Liabilities	$7.1B
TOTAL NON-CURRENT LIABILITIES	$30.1B
TOTAL LIABILITIES	$34.7B
Common Stock	$626M
Additional Paid-In Capital	$19.1B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.3B
Minority Interest	$0
TOTAL EQUITY	$19.3B
TOTAL LIABILITIES & EQUITY	$54.0B
Total Debt	$20.6B
Net Debt	$20.4B