Lumen Technologies (LUMN) FY2015 results: revenue $17.9 billion, down 0.7% on the year
Lumen Technologies, Inc. (LUMN) reported revenue of $17.9 billion for fiscal 2015, the year ended 31 December 2015, down 0.7% on the year before. Net income was $878 million, up 13.7%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$17.9 billion
-0.7% on the year
FY2008FY2015
Operating margin
14.4%
13.4% a year earlier
FY2008FY2015
Net income
$878 million
+13.7% on the year
FY2008FY2015
Diluted EPS
$1.58
+16.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
17,900
18,031
18,095
-0.7%
Cost of revenue
7,778
7,846
7,507
-0.9%
Gross profit
10,122
10,185
10,588
-0.6%
Gross margin
56.5%
56.5%
58.5%
Selling, general and administrative
3,354
3,347
3,502
+0.2%
Operating income
2,579
2,410
1,453
+7.0%
Operating margin
14.4%
13.4%
8.0%
Interest expense
1,312
1,311
1,298
+0.1%
Pre-tax income
1,316
1,110
224
+18.6%
Income tax
438
338
463
+29.6%
Effective tax rate
33.3%
30.5%
206.7%
Net income
878
772
-239
+13.7%
Net margin
4.9%
4.3%
-1.3%
Diluted EPS
$1.58
$1.36
-$0.40
+16.2%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
5,153
5,188
5,559
-0.7%
Capital expenditure
2,872
3,047
3,048
-5.7%
Free cash flow
2,281
2,141
2,511
+6.5%
Free cash flow margin
12.7%
11.9%
13.9%
Depreciation and amortisation
4,189
4,428
4,541
-5.4%
Share-based compensation
73.0
79.0
71.0
-7.6%
Buybacks
819
650
1,586
+26.0%
Dividends paid
1,198
1,228
1,301
-2.4%
Diluted shares, weighted
555m
570m
601m
-2.6%
Shares outstanding at period end
544m
569m
584m
-4.3%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
14,060
15,023
17,191
-6.4%
Debt
20,225
20,503
20,966
-1.4%
Other liabilities
13,319
13,577
13,630
-1.9%
Total liabilities and equity
47,604
49,103
51,787
-3.1%
Fixed assets
18,069
18,433
18,646
-2.0%
Goodwill
20,742
20,755
20,674
-0.1%
Cash and equivalents
126
128
168
-1.6%
Receivables
1,943
1,988
1,977
-2.3%
Other assets
6,724
7,799
10,322
-13.8%
Total assets
47,604
49,103
51,787
-3.1%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.