#Lumen technology stock free#

We estimate that we would have recorded an additional $163 million of depreciation, intangible amortization, and amortization of right-of use assets for the quarter ended Jif our Latin American and 20-state ILEC businesses had not been designated as held for sale. (5) Since designating our Latin American business and our 20-state ILEC business as held for sale on Jand August 3, 2021, respectively, we have ceased recording depreciation of property, plant and equipment and amortization of finite-lived intangible assets and right-of-use assets with respect to these assets. (4) Excludes cash paid for Special Items of (i) $33 million for the second quarter of 2022 and (ii) $51 million for the second quarter of 2021. (3) Excludes Special Items in the amounts of (i) $47 million for the second quarter of 2022 and (ii) $20 million for the second quarter of 2021. (2) See the attached schedules for definitions of non-GAAP metrics and reconciliations to GAAP figures. (1) Second quarter 2021 Total Revenue and Adjusted EBITDA, Excluding Special Items each included $122 million of payments from the Federal Communication Commission's Connect America Fund ('CAF') Phase II program, which lapsed on December 31, 2021. Weighted Average Shares Outstanding (in millions) - Diluted Net Income per Common Share - Diluted, Excluding Special Items (2)(5)(6) Net Income, Excluding Special Items (2)(5)(6) Unlevered Cash Flow, Excluding Cash Special Items (2)(4)įree Cash Flow, Excluding Cash Special Items (2)(4) Net Cash Provided by Operating Activities Selling, General and Administrative ExpensesĪdjusted EBITDA, Excluding Special Items (1)(2)(3)Īdjusted EBITDA Margin, Excluding Special Items (2)(3)

Total Revenue was $4.612 billion for the second quarter 2022, compared to $4.924 billion 1 for the second quarter 2021. 'We announced our new Business segment product categories, which further sharpens our focus as we position Lumen to generate profitable revenue growth.'

In addition, we closed the divestiture of our Latin America business on August 1 and expect to close the divestiture of our 20-state ILEC business early in the fourth quarter of this year,' said Jeff Storey, president and CEO of Lumen. 'We improved our revenue trajectory and accelerated the number of Quantum Fiber locations enabled in the second quarter. (NYSE: LUMN) reported results for the second quarter ended June 30, 2022. 3, 2022 /PRNewswire/ - Lumen Technologies, Inc. Completed the $2.7 billion divestiture of its Latin American business to Stonepeak on August 1ĭENVER, Aug.Reiterated full-year 2022 financial outlook measures.

#Lumen technology stock free#

Generated Free Cash Flow of $668 million for the second quarter 2022, compared to $1.044 billion for the second quarter 2021, excluding cash paid for Special Items of $33 million and $51 million, respectively.Reported Net Cash Provided by Operating Activities of $1.396 billion for the second quarter 2022.Generated Adjusted EBITDA of $1.811 billion for the second quarter 2022, compared to $2.109 billion 1 for the second quarter 2021, excluding Special Items of $47 million and $20 million, respectively.Excluding Special Items, Diluted EPS of $0.35 per share for the second quarter 2022, compared to $0.48 per share for the second quarter 2021

Diluted EPS of $0.34 for the second quarter 2022, compared to $0.46 per share for the second quarter 2021.

Reported Net Income of $344 million for the second quarter 2022, compared to reported Net Income of $506 million for the second quarter 2021.