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Lumen Technologies, Inc. (CTL)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
   
OPERATING EXPENSES          
Cost of services and products (exclusive of depreciation and amortization)  7,868.08,488.08,934.09,134.09,999.08,203.07,774.07,778.0
Selling, general and administrative  3,078.02,895.03,464.03,715.04,165.03,508.03,447.03,354.0
Depreciation and amortization  3,239.04,019.04,710.04,829.05,120.03,936.03,916.04,189.0
    Total operating expenses  17,383.015,402.019,750.024,184.022,010.015,647.022,911.023,099.0
    OPERATING INCOME  95.04,285.0962.0-2,726.0570.02,009.02,333.02,579.0
   
OTHER INCOME (EXPENSE)          
Interest expense  -1,332.0-1,522.0-1,668.0-2,021.0-2,177.0-1,481.0-1,318.0-1,312.0
   
Net gain on early retirement of debt (Note 6)          
Other (expense) income, net  246.0-62.0-76.0-19.044.012.05.049.0
    Total other income (expense), net  -1,086.0-1,584.0-1,744.0-2,040.0-2,133.0-1,469.0-1,313.0-1,263.0
    INCOME BEFORE INCOME TAXES  -991.02,701.0-782.0-4,766.0-1,563.0540.01,020.01,316.0
Income tax expense  557.0668.0450.0503.0170.0-849.0394.0438.0
    NET INCOME  -1,548.02,033.0-1,232.0-5,269.0-1,733.01,389.0626.0878.0
   
BASIC AND DILUTED EARNINGS PER COMMON SHARE          
BASIC (in dollars per share)  ($1.54)$1.92($1.14)($4.92)($1.63)$2.21$1.16$1.58
DILUTED (in dollars per share)  ($1.54)$1.91($1.14)($4.92)($1.63)$2.21$1.16$1.58
   
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING          
BASIC (in shares)  1,007.51,059.51,079.11,071.41,065.9627.8539.5554.3
DILUTED (in shares)  1,007.51,066.81,079.11,071.41,065.9628.7540.7555.1

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