Lumen Technologies, Inc. (LUMN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.32B | 562M | 2.51B | 570M | 1.09B | 688M | 2.03B | 511M | 1.1B | 784M | 881M | -100M | 595M | 841M | 1.12B | 1.4B | 1.38B | 1.61B | 1.73B | 1.64B |
| Operating CF Margin % | 45.64% | 18.48% | 81.34% | 18.43% | 34.41% | 20.67% | 63.09% | 15.64% | 33.5% | 22.29% | 24.2% | -2.73% | 15.92% | 22.13% | 25.58% | 30.27% | 29.41% | 33.15% | 35.4% | 33.29% |
| Operating CF Growth % | 20.82% | -18.31% | 23.57% | 11.55% | -0.64% | -12.24% | 130.65% | 611% | 85.21% | -6.78% | -21.55% | -107.16% | -56.73% | -47.67% | -35.09% | -14.83% | -9.84% | -4.46% | -3.57% | -6.29% |
| Net Income | -200M | -2M | -621M | -915M | -201M | 85M | -148M | -49M | 57M | -2B | -78M | -8.74B | 511M | -3.07B | 578M | 344M | 599M | 508M | 544M | 506M |
| Depreciation & Amortization | 664M | 674M | 674M | 688M | 713M | 758M | 707M | 743M | 748M | 751M | 755M | 746M | 733M | 796M | 808M | 827M | 808M | 877M | 1.04B | 1.04B |
| Stock-Based Compensation | 13M | 0 | 13M | 12M | 10M | 8M | 10M | -3M | 14M | 13M | 16M | 9M | 14M | 27M | 23M | 25M | 23M | 31M | 0 | 42M |
| Deferred Taxes | -383M | -108M | -188M | -241M | -168M | -203M | -8M | -6M | 8M | -30M | -8M | 0 | 46M | -1.85B | 369M | 70M | 179M | 167M | 152M | 148M |
| Other Non-Cash Items | 1.23B | 70M | 470M | 882M | 48M | -22M | -175M | -139M | -329M | 1.93B | 82M | 8.9B | -468M | 4B | -757M | 161M | -24M | 163M | -34M | -27M |
| Working Capital Changes | 0 | -72M | 2.16B | 144M | 693M | 62M | 1.65B | -35M | 604M | 113M | 114M | -1.01B | -241M | 937M | 102M | -31M | -210M | -139M | 29M | -71M |
| Change in Receivables | -298M | 92M | -7M | -118M | 38M | -649M | -104M | -164M | -25M | 99M | 54M | -1.2B | 14M | 816M | -47M | -120M | 165M | -104M | 16M | -101M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.14B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -172M | 0 | 90M | 71M | 101M | 10M | -25M | -180M | -7M | 50M | -136M | -3M | -8M | 53M | -34M | 117M | -38M | -21M | -59M | -88M |
| Cash from Investing | 4.05B | -1.64B | -1.03B | -873M | -769M | -831M | -805M | -496M | -698M | 1.03B | -827M | -789M | -616M | 4.88B | 1.86B | -701M | -569M | -763M | -654M | -620M |
| Capital Expenditures | 4.05B | -1.64B | -1.04B | -891M | -791M | -915M | -850M | -753M | -713M | -821M | -843M | -796M | -640M | 4.88B | 1.86B | -761M | -577M | -848M | -690M | -646M |
| CapEx % of Revenue | 139.7% | 54.06% | 33.72% | 28.82% | 24.86% | 27.49% | 26.39% | 23.04% | 21.67% | 23.34% | 23.15% | 21.74% | 17.12% | 128.47% | 42.46% | 16.5% | 12.34% | 17.5% | 14.12% | 13.12% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.99B | 5M | 14M | 18M | 22M | 84M | 25M | 257M | 3M | -21M | 16M | 7M | 1M | 53M | 2.71B | 60M | 8M | 85M | 12M | 26M |
| Cash from Financing | -4.75B | -324M | -651M | -30M | -314M | -610M | -81M | -100M | -1.06B | 83M | -173M | 158M | -86M | -4.68B | -3.14B | -713M | -776M | -1.14B | -1.32B | -576M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200M | 0 | 0 | 0 | -91M | -909M | 0 |
| Dividends Paid | 0 | 0 | 0 | 1M | -1M | -3M | 0 | 0 | -3M | -1M | -1M | -1M | -8M | 0 | -255M | -254M | -271M | -253M | -266M | -274M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200M | 0 | 0 | 0 | -91M | -909M | 0 |
| Other Financing | -4.75B | 1M | -335M | -231M | -90M | 3M | -9M | -5M | -280M | -1M | -2M | -2M | -17M | -7M | -1M | -1M | -31M | -1M | -3M | -4M |
| Net Change in Cash | 622M | -1.4B | 833M | -333M | 12M | -753M | 1.15B | -85M | -656M | 1.9B | -119M | -731M | -107M | 1.04B | -156M | -18M | 30M | -295M | -300M | 443M |
| Free Cash Flow | 5.37B | -1.08B | 1.47B | -321M | 304M | -227M | 1.18B | -242M | 389M | -37M | 38M | -896M | -45M | 5.72B | 2.99B | 635M | 798M | 759M | 1.04B | 993M |
| FCF Margin % | 185.34% | -35.58% | 47.62% | -10.38% | 9.55% | -6.82% | 36.7% | -7.41% | 11.82% | -1.05% | 1.04% | -24.47% | -1.2% | 150.61% | 68.04% | 13.77% | 17.07% | 15.66% | 21.28% | 20.17% |
| FCF Growth % | 1667.43% | -376.65% | 24.37% | -32.64% | -21.85% | -513.51% | 3010.53% | 72.99% | 964.44% | -100.65% | -98.73% | -241.1% | -105.64% | 654.02% | 187.21% | -36.05% | -1.36% | -17.86% | 29.03% | 34.19% |
| FCF per Share | 5.38 | -1.09 | 1.48 | -0.32 | 0.31 | -0.23 | 1.20 | -0.25 | 0.39 | -0.04 | 0.04 | -0.91 | -0.05 | 5.75 | 2.94 | 0.62 | 0.79 | 0.75 | 0.97 | 0.91 |
| FCF Conversion (FCF/Net Income) | -6.62x | -281.00x | -4.04x | -0.62x | -5.45x | 8.09x | -13.73x | -10.43x | 19.33x | -0.39x | -11.29x | 0.01x | 1.16x | -0.27x | 1.94x | 4.06x | 2.30x | 3.16x | 3.18x | 3.24x |
| Interest Paid | 0 | 0 | 308M | 396M | 280M | 368M | 306M | 232M | 0 | 252M | 325M | 198M | 363M | 273M | 393M | 313M | 386M | 343M | 0 | 357M |
| Taxes Paid | 0 | 0 | 5M | 6M | 1M | 0 | 0 | 0 | 0 | 14M | 19M | 1.17B | 96M | 18M | 0 | 48M | 10M | 10M | 0 | 52M |