Lumen Technologies (LUMN) FY2024 results: revenue $13.1 billion, down 10.0% on the year
Lumen Technologies, Inc. (LUMN) reported revenue of $13.1 billion for fiscal 2024, the year ended 31 December 2024, down 10.0% on the year before. Net income was -$55 million, and diluted earnings per share $-0.06. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$13.1 billion
-10.0% on the year
FY2017FY2024
Operating margin
3.5%
-65.8% a year earlier
FY2017FY2024
Net income
-$55 million
FY2017FY2024
Diluted EPS
-$0.06
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,333
2,160
4,735
+100.6%
Capital expenditure
3,231
3,100
3,016
+4.2%
Free cash flow
1,102
-940
1,719
Free cash flow margin
8.4%
-6.5%
9.8%
Cash from investing
-2,830
-1,201
5,476
Cash from financing
-1,851
-18.0
-9,313
Depreciation and amortisation
2,956
2,985
3,239
-1.0%
Share-based compensation
29.0
52.0
98.0
-44.2%
Buybacks
0.0
0.0
200
Dividends paid
3.0
11.0
780
-72.7%
Dividend per share
$0.00
$0.00
$0.75
Diluted shares, weighted
988m
983m
1,008m
+0.5%
Shares outstanding at period end
1,015m
1,008m
1,002m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
464
417
10,374
+11.3%
Debt
17,906
19,988
20,572
-10.4%
Operating lease liabilities
959
1,040
1,088
-7.8%
Finance lease liabilities
198
215
234
-7.9%
Other liabilities
13,969
12,358
13,313
+13.0%
Total liabilities and equity
33,496
34,018
45,581
-1.5%
Fixed assets
20,421
19,758
19,166
+3.4%
Goodwill
1,964
1,964
12,657
0.0%
Intangible assets
4,806
5,470
6,166
-12.1%
Cash and equivalents
1,889
2,234
1,251
-15.4%
Receivables
1,231
1,318
1,508
-6.6%
Other assets
3,185
3,274
4,833
-2.7%
Total assets
33,496
34,018
45,581
-1.5%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.