LUMN FY 2016 Earnings Report — Lumen Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lumen Technologies, Inc.LUMN

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$17.5B	—	$17.9B	—	-2.4%
Op. Income	$2.3B	—	$2.6B	—	-10.5%
Gross Margin	55.5%	—	56.5%	—	-1.0pp
Net Margin	3.6%	—	4.9%	—	-1.3pp
EPS (Diluted)	$1.16	—	$1.58	—	-26.6%
Free Cash Flow	$1.6B	—	$2.3B	—	-28.6%

Revenue Flow

Item	Amount
REVENUE	$17.5B
Cost of Revenue	$7.8B
GROSS PROFIT	$9.7B
R&D Expenses	$0
Selling & Marketing	$216M
General & Administrative	$3.2B
SG&A Expenses	$3.4B
Other Expenses	$7M
Operating Expenses	$7.4B
Cost & Expenses	$15.1B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$394M
Net Income from Continuing Ops	$626M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$626M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$626M
D&A	$3.9B
EBIT	$2.3B
EBITDA	$6.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.5B
Cost of Revenue	$7.8B
GROSS PROFIT	$9.7B
R&D Expenses	$0
Selling & Marketing	$216M
General & Administrative	$3.2B
SG&A Expenses	$3.4B
Other Expenses	$7M
Operating Expenses	$7.4B
Cost & Expenses	$15.1B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.3B
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$394M
Net Income from Continuing Ops	$626M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$626M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$626M
D&A	$3.9B
EBIT	$2.3B
EBITDA	$6.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$626M
Depreciation & Amortization	$3.9B
Stock-Based Compensation	$80M
Deferred Income Tax	$11M
Other Non-Cash Items	$106M
Change in Working Capital	-$131M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$3.0B
Acquisitions (Net)	-$39M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	-$341M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$1.2B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.6B
Net Change in Cash	$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$222M
Short-Term Investments	$0
Net Receivables	$2.1B
Inventory	$134M
Other Current Assets	$2.5B
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$17.0B
Goodwill	$19.6B
Intangible Assets	$4.3B
Long-Term Investments	-$3.5B
Tax Assets	$3.5B
Other Non-Current Assets	$5.2B
TOTAL NON-CURRENT ASSETS	$41.9B
TOTAL ASSETS	$47.0B
Account Payables	$1.2B
Short-Term Debt	$1.5B
Deferred Revenue	$672M
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$5.3B
Long-Term Debt	$18.2B
Deferred Revenue NC	-$3.5B
Deferred Tax Liabilities	$3.5B
Other Non-Current Liabilities	$6.6B
TOTAL NON-CURRENT LIABILITIES	$28.3B
TOTAL LIABILITIES	$33.6B
Common Stock	$547M
Additional Paid-In Capital	$15.0B
Retained Earnings	-$1M
Treasury Stock	$0
Accum. Other Comp. Income	-$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.4B
Minority Interest	$0
TOTAL EQUITY	$13.4B
TOTAL LIABILITIES & EQUITY	$47.0B
Total Debt	$19.7B
Net Debt	$19.5B