LUMN FY 2017 Earnings Report — Lumen Technologies, Inc. Revenue & Financial Results | Market Cap Arena

Lumen Technologies, Inc.LUMN

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$17.7B	—	$17.5B	—	1.1%
Op. Income	$2.0B	—	$2.3B	—	-13.8%
Gross Margin	53.5%	—	55.5%	—	-2.0pp
Net Margin	7.9%	—	3.6%	—	4.3pp
EPS (Diluted)	$2.21	—	$1.16	—	90.5%
Free Cash Flow	$771M	—	$1.6B	—	-52.6%

Revenue Flow

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$8.2B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$218M
General & Administrative	$3.3B
SG&A Expenses	$3.5B
Other Expenses	$12M
Operating Expenses	$7.4B
Cost & Expenses	$15.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$1.5B
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$540M
Income Tax Expense	-$849M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.9B
EBIT	$2.0B
EBITDA	$6.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$8.2B
GROSS PROFIT	$9.5B
R&D Expenses	$0
Selling & Marketing	$218M
General & Administrative	$3.3B
SG&A Expenses	$3.5B
Other Expenses	$12M
Operating Expenses	$7.4B
Cost & Expenses	$15.6B
OPERATING INCOME	$2.0B
Interest Income	$0
Interest Expense	$1.5B
Other Income/Expenses	-$1.5B
INCOME BEFORE TAX	$540M
Income Tax Expense	-$849M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$3.9B
EBIT	$2.0B
EBITDA	$6.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$3.9B
Stock-Based Compensation	$111M
Deferred Income Tax	-$1.2B
Other Non-Cash Items	$133M
Change in Working Capital	-$499M
OPERATING CASH FLOW	$3.9B
Capital Expenditure	-$3.1B
Acquisitions (Net)	-$5.8B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$62M
NET CASH FROM INVESTING	-$8.9B
Net Debt Issuance	$6.8B
Common Stock Repurchased	-$17M
Common Dividends Paid	-$1.5B
Other Financing Activities	$2M
NET CASH FROM FINANCING	$5.4B
FREE CASH FLOW	$771M
Net Change in Cash	$363M

Balance Sheet

Item	Amount
Cash & Equivalents	$551M
Short-Term Investments	$0
Net Receivables	$2.8B
Inventory	$128M
Other Current Assets	$406M
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$26.9B
Goodwill	$30.5B
Intangible Assets	$12.8B
Long-Term Investments	-$2.4B
Tax Assets	$2.4B
Other Non-Current Assets	$14.1B
TOTAL NON-CURRENT ASSETS	$71.4B
TOTAL ASSETS	$75.6B
Account Payables	$1.6B
Short-Term Debt	$443M
Deferred Revenue	$892M
Other Current Liabilities	$932M
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$37.3B
Deferred Revenue NC	-$2.4B
Deferred Tax Liabilities	$2.4B
Other Non-Current Liabilities	$7.6B
TOTAL NON-CURRENT LIABILITIES	$47.3B
TOTAL LIABILITIES	$52.1B
Common Stock	$1.1B
Additional Paid-In Capital	$23.3B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$23.4B
Minority Interest	$0
TOTAL EQUITY	$23.4B
TOTAL LIABILITIES & EQUITY	$75.6B
Total Debt	$37.7B
Net Debt	$37.2B