Lumen Technologies, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-1.74B | $-55.0M | $-10.30B | $-1.55B | $2.03B | $-1.23B | $-5.27B | $-1.73B |
| Depreciation & Amortization | $2.75B | $2.96B | $2.99B | $3.24B | $4.02B | $4.71B | $4.83B | $5.12B |
| Depreciation | $1.70B | $1.90B | $1.90B | $2.10B | $2.70B | $3.00B | $3.10B | $3.30B |
| Amortization | $1.00B | $1.10B | $1.10B | $1.10B | $1.30B | $1.70B | $1.70B | $1.80B |
| Stock-Based Compensation | $48.0M | $29.0M | $52.0M | $98.0M | $120.0M | $175.0M | $162.0M | $186.0M |
| Net Cash from Operating Activities | $4.74B | $4.33B | $2.16B | $4.74B | $6.50B | $6.52B | $6.68B | $7.03B |
| Investing Activities | ||||||||
| Capital Expenditures | $4.37B | $3.23B | $3.10B | $3.02B | $2.90B | $3.73B | $3.63B | $3.18B |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-4.31B | $-2.83B | $-1.20B | $5.48B | $-2.71B | $-3.56B | $-3.57B | $-3.08B |
| Financing Activities | ||||||||
| Dividends Paid | $1.0M | $3.0M | $11.0M | $780.0M | $1.09B | $1.11B | $1.10B | $2.31B |
| Stock Repurchases | — | $0 | $0 | $200.0M | $1.00B | $0 | $0 | — |
| Net Cash from Financing Activities | $-1.32B | $-1.85B | $-18.0M | $-9.31B | $-3.81B | $-4.25B | $-1.91B | $-4.02B |
| Net Change in Cash | $-886.0M | $-348.0M | $941.0M | $898.0M | $-18.0M | $-1.29B | $1.20B | $-69.0M |
| Free Cash Flow | $371.0M | $1.10B | $-940.0M | $1.72B | $3.60B | $2.80B | $3.05B | $3.86B |