Lumen Technologies (LUMN) FY2012 results: revenue $18.4 billion, up 19.7% on the year
Lumen Technologies, Inc. (LUMN) reported revenue of $18.4 billion for fiscal 2012, the year ended 31 December 2012, up 19.7% on the year before. Net income was $777 million, up 35.6%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$18.4 billion
+19.7% on the year
FY2008FY2012
Operating margin
14.8%
13.2% a year earlier
FY2008FY2012
Net income
$777 million
+35.6% on the year
FY2008FY2012
Diluted EPS
$1.25
+16.8% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
18,376
15,351
7,042
+19.7%
Cost of revenue
7,639
6,325
2,544
+20.8%
Gross profit
10,737
9,026
4,498
+19.0%
Gross margin
58.4%
58.8%
63.9%
Selling, general and administrative
3,244
2,975
1,004
+9.0%
Operating income
2,713
2,025
2,060
+34.0%
Operating margin
14.8%
13.2%
29.3%
Interest expense
1,319
1,072
544
+23.0%
Pre-tax income
1,250
948
1,532
+31.9%
Income tax
473
375
583
+26.1%
Effective tax rate
37.8%
39.6%
38.0%
Net income
777
573
948
+35.6%
Net margin
4.2%
3.7%
13.5%
Diluted EPS
$1.25
$1.07
$3.13
+16.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
6,065
4,201
2,045
+44.4%
Capital expenditure
2,919
2,411
864
+21.1%
Free cash flow
3,146
1,790
1,181
+75.8%
Free cash flow margin
17.1%
11.7%
16.8%
Cash from investing
n/a
n/a
-859
Cash from financing
n/a
n/a
-1,175
Depreciation and amortisation
4,780
4,026
1,434
+18.7%
Share-based compensation
110
65.0
38.2
+69.2%
Buybacks
37.0
31.0
17.0
+19.4%
Dividends paid
1,811
1,556
878
+16.4%
Dividend per share
n/a
n/a
$2.90
Diluted shares, weighted
622m
534m
301m
+16.5%
Shares outstanding at period end
626m
619m
305m
+1.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
19,289
20,827
9,647
-7.4%
Non-controlling interest
n/a
n/a
5.9
Debt
20,605
21,836
7,328
-5.6%
Other liabilities
14,126
13,476
5,058
+4.8%
Total liabilities and equity
54,020
56,139
22,038
-3.8%
Fixed assets
18,909
19,436
8,754
-2.7%
Goodwill
21,627
21,724
10,261
-0.4%
Cash and equivalents
211
128
173
+64.8%
Receivables
1,917
1,952
713
-1.8%
Inventory
n/a
n/a
32.7
Other assets
11,356
12,899
2,105
-12.0%
Total assets
54,020
56,139
22,038
-3.8%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.