Lumen Technologies (LUMN) FY2021 results: revenue $19.7 billion, down 4.9% on the year
Lumen Technologies, Inc. (LUMN) reported revenue of $19.7 billion for fiscal 2021, the year ended 31 December 2021, down 4.9% on the year before. Net income was $2.0 billion, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$19.7 billion
-4.9% on the year
FY2014FY2021
Operating margin
21.8%
4.6% a year earlier
FY2014FY2021
Net income
$2.0 billion
FY2014FY2021
Diluted EPS
$1.91
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
6,501
6,524
6,680
-0.4%
Capital expenditure
2,900
3,729
3,628
-22.2%
Free cash flow
3,601
2,795
3,052
+28.8%
Free cash flow margin
18.3%
13.5%
14.2%
Cash from investing
-2,712
-3,564
-3,570
Cash from financing
-3,807
-4,250
-1,911
Depreciation and amortisation
4,019
4,710
4,829
-14.7%
Share-based compensation
120
175
162
-31.4%
Buybacks
1,000
0.0
0.0
Dividends paid
1,087
1,109
1,100
-2.0%
Dividend per share
$1.00
$1.00
$1.00
0.0%
Diluted shares, weighted
1,067m
1,079m
1,071m
-1.1%
Shares outstanding at period end
1,024m
1,097m
1,090m
-6.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,777
11,162
13,470
+5.5%
Debt
28,982
31,837
34,694
-9.0%
Operating lease liabilities
1,171
1,405
1,342
-16.7%
Finance lease liabilities
251
267
185
-6.0%
Other liabilities
15,812
14,723
15,051
+7.4%
Total liabilities and equity
57,993
59,394
64,742
-2.4%
Fixed assets
20,895
26,338
26,079
-20.7%
Goodwill
15,986
18,870
21,534
-15.3%
Intangible assets
6,970
8,219
9,567
-15.2%
Cash and equivalents
354
406
1,690
-12.8%
Receivables
1,544
1,962
2,259
-21.3%
Other assets
12,244
3,599
3,613
+240.2%
Total assets
57,993
59,394
64,742
-2.4%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.