Lumen Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.40B | $13.11B | $14.56B | $17.48B | $19.69B | $20.71B | $21.46B | $22.58B |
| Cost of Revenue | $6.64B | $6.70B | $7.14B | $7.87B | $8.49B | $8.93B | $9.13B | $10.00B |
| Gross Profit | $5.76B | $6.41B | $7.41B | $9.61B | $11.20B | $11.78B | $12.32B | $12.58B |
| Gross Margin | 46.5% | 48.9% | 50.9% | 55.0% | 56.9% | 56.9% | 57.4% | 55.7% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $3.20B | $2.97B | $3.20B | $3.08B | $2.90B | $3.46B | $3.72B | $4.17B |
| Operating Income | $-812.0M | $460.0M | $-9.58B | $95.0M | $4.29B | $962.0M | $-2.73B | $570.0M |
| Operating Margin | -6.5% | 3.5% | -65.8% | 0.5% | 21.8% | 4.6% | -12.7% | 2.5% |
| Interest Expense | $1.28B | $1.37B | $1.16B | $1.33B | $1.52B | $1.67B | $2.02B | $2.18B |
| Pretax Income | $-2.72B | $-230.0M | $-10.24B | $-991.0M | $2.70B | $-782.0M | $-4.77B | $-1.56B |
| Income Tax Expense | $-977.0M | $-175.0M | $61.0M | $557.0M | $668.0M | $450.0M | $503.0M | $170.0M |
| Net Income | $-1.74B | $-55.0M | $-10.30B | $-1.55B | $2.03B | $-1.23B | $-5.27B | $-1.73B |
| Net Margin | -14.0% | -0.4% | -70.7% | -8.9% | 10.3% | -5.9% | -24.6% | -7.7% |
| EPS (Basic) | $-1.75 | $-0.06 | $-10.48 | $-1.54 | $1.92 | $-1.14 | $-4.92 | $-1.63 |
| EPS (Diluted) | $-1.75 | $-0.06 | $-10.48 | $-1.54 | $1.91 | $-1.14 | $-4.92 | $-1.63 |
| Shares Outstanding (Basic) | 994.5M | 987.7M | 983.1M | 1.01B | 1.06B | 1.08B | 1.07B | 1.07B |
| Shares Outstanding (Diluted) | 994.5M | 987.7M | 983.1M | 1.01B | 1.07B | 1.08B | 1.07B | 1.07B |
| Dividends Per Share | — | $0.00 | $0.00 | $0.75 | $1.00 | $1.00 | $1.00 | $2.16 |