2024 Q3 Form 10-Q Financial Statement

#000001892624000094 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $3.221B $3.268B
YoY Change -11.54% -10.73%
Cost Of Revenue $1.692B $1.653B
YoY Change -8.54% -5.0%
Gross Profit $1.529B $1.615B
YoY Change -14.63% -15.93%
Gross Profit Margin 47.47% 49.42%
Selling, General & Admin $696.0M $742.0M
YoY Change -12.01% -6.08%
% of Gross Profit 45.52% 45.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $707.0M $743.0M
YoY Change -6.36% -0.4%
% of Gross Profit 46.24% 46.01%
Operating Expenses $696.0M $742.0M
YoY Change -12.01% -51.69%
Operating Profit $126.0M $135.0M
YoY Change -43.5% -64.94%
Interest Expense -$329.0M -$179.0M
YoY Change -211.53% -37.19%
% of Operating Profit -261.11% -132.59%
Other Income/Expense, Net -$298.0M -$176.0M
YoY Change -3.25% 486.67%
Pretax Income -$172.0M -$41.00M
YoY Change 102.35% -99.53%
Income Tax -$24.00M $8.000M
% Of Pretax Income
Net Earnings -$148.0M -$49.00M
YoY Change 89.74% -99.44%
Net Earnings / Revenue -4.59% -1.5%
Basic Earnings Per Share -$0.15 -$0.05
Diluted Earnings Per Share -$0.15 -$0.05
COMMON SHARES
Basic Shares Outstanding 1.017B shares 1.015B shares
Diluted Shares Outstanding 988.8M shares 987.2M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.640B $1.495B
YoY Change 748.87% 263.75%
Cash & Equivalents $2.640B $1.495B
Short-Term Investments
Other Short-Term Assets $871.0M $971.0M
YoY Change -11.3% -63.71%
Inventory $173.0M $184.0M
Prepaid Expenses $357.0M $417.0M
Receivables $1.225B $1.294B
Other Receivables $16.00M $21.00M
Total Short-Term Assets $4.736B $3.760B
YoY Change 1.94% -22.84%
LONG-TERM ASSETS
Property, Plant & Equipment $20.34B $20.09B
YoY Change 3.76% 3.38%
Goodwill $1.964B $1.964B
YoY Change -49.17% -49.17%
Intangibles $4.967B $5.127B
YoY Change -13.53% -13.09%
Long-Term Investments
YoY Change
Other Assets $1.978B $2.003B
YoY Change -4.03% -4.62%
Total Long-Term Assets $29.25B $29.18B
YoY Change -6.47% -6.75%
TOTAL ASSETS
Total Short-Term Assets $4.736B $3.760B
Total Long-Term Assets $29.25B $29.18B
Total Assets $33.99B $32.94B
YoY Change -5.38% -8.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $905.0M $995.0M
YoY Change -10.84% -15.03%
Accrued Expenses $1.199B $1.105B
YoY Change 2.65% 0.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $415.0M $192.0M
YoY Change 167.74% 24.68%
Total Short-Term Liabilities $3.940B $3.738B
YoY Change 0.51% -5.68%
LONG-TERM LIABILITIES
Long-Term Debt $18.14B $18.41B
YoY Change -8.1% -7.48%
Other Long-Term Liabilities $2.637B $2.637B
YoY Change 0.42% -61.32%
Total Long-Term Liabilities $2.637B $2.637B
YoY Change 0.42% -90.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.940B $3.738B
Total Long-Term Liabilities $2.637B $2.637B
Total Liabilities $6.577B $6.375B
YoY Change 0.47% -81.19%
SHAREHOLDERS EQUITY
Retained Earnings -$18.05B -$17.90B
YoY Change 13.87% 13.49%
Common Stock $1.015B $1.016B
YoY Change 0.69% 0.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $342.0M $466.0M
YoY Change
Total Liabilities & Shareholders Equity $33.99B $32.94B
YoY Change -5.38% -8.92%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$148.0M -$49.00M
YoY Change 89.74% -99.44%
Depreciation, Depletion And Amortization $707.0M $743.0M
YoY Change -6.36% -0.4%
Cash From Operating Activities $2.032B $511.0M
YoY Change 130.65% -611.0%
INVESTING ACTIVITIES
Capital Expenditures $850.0M $753.0M
YoY Change 0.83% -5.4%
Acquisitions
YoY Change
Other Investing Activities $45.00M $257.0M
YoY Change 181.25% 3571.43%
Cash From Investing Activities -$805.0M -$496.0M
YoY Change -2.66% -37.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.00M -100.0M
YoY Change -53.18% -163.29%
NET CHANGE
Cash From Operating Activities 2.032B 511.0M
Cash From Investing Activities -805.0M -496.0M
Cash From Financing Activities -81.00M -100.0M
Net Change In Cash 1.146B -85.00M
YoY Change -1063.03% -88.37%
FREE CASH FLOW
Cash From Operating Activities $2.032B $511.0M
Capital Expenditures $850.0M $753.0M
Free Cash Flow $1.182B -$242.0M
YoY Change 3010.53% -72.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2300000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2800000000 usd
CY2023Q2 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2024#Revenues
CY2024Q2 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2024#Revenues
us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2024#Revenues
us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2024#Revenues
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P6M
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
7000 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
7000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
7000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
7000 shares
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-301000000 usd
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
-132000000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-25000000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
51000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1613000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
495000000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1466000000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1436000000 usd
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
5000000 usd
us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-3000000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
264000000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
26000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-13000000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1194000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1405000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1325000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1997000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100000000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-200000000 usd
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
200000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
3000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
9000000 usd
lumn Payments Of Debt Issuance And Extinguishment Costs And Related Fees
PaymentsOfDebtIssuanceAndExtinguishmentCostsAndRelatedFees
282000000 usd
lumn Payments Of Debt Issuance And Extinguishment Costs And Related Fees
PaymentsOfDebtIssuanceAndExtinguishmentCostsAndRelatedFees
13000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1160000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-741000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-838000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2248000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1307000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-582000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1270000000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
79000000 usd
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
45000000 usd
us-gaap Interest Paid Net
InterestPaidNet
571000000 usd
us-gaap Interest Paid Net
InterestPaidNet
561000000 usd
lumn Cancellation Of Debt
CancellationOfDebt
0 usd
lumn Cancellation Of Debt
CancellationOfDebt
1554000000 usd
us-gaap Notes Issued1
NotesIssued1
0 usd
us-gaap Notes Issued1
NotesIssued1
924000000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1495000000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
411000000 usd
CY2024Q2 lumn Disposal Group Including Discontinued Operation Cash And Cash Equivalents And Restricted Cash
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalentsAndRestrictedCash
0 usd
CY2023Q2 lumn Disposal Group Including Discontinued Operation Cash And Cash Equivalents And Restricted Cash
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalentsAndRestrictedCash
47000000 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
2000000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
0 usd
CY2024Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
10000000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
11000000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1507000000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
469000000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
466000000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2221000000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
466000000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
2221000000 usd
lumn Number Of Business Divestitures
NumberOfBusinessDivestitures
3 divestiture
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
We reclassified certain prior period amounts to conform to the current period presentation, including the recategorization of our Business revenue by product category and sales channel in our segment reporting.
CY2024Q2 us-gaap Bank Overdrafts
BankOverdrafts
5000000 usd
CY2023Q4 us-gaap Bank Overdrafts
BankOverdrafts
0 usd
CY2024Q2 us-gaap Goodwill
Goodwill
1964000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1964000000 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9000000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9000000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5127000000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5470000000 usd
CY2024Q2 lumn Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
15400000000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21700000000 usd
CY2024Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
21700000000 usd
us-gaap Number Of Reporting Units
NumberOfReportingUnits
3 reporting_unit
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
8800000000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
277000000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
263000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
549000000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
523000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
479000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
900000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
847000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
759000000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
688000000 usd
CY2024Q2 lumn Finite Lived Intangible Asset Expected Amortization After Year Four And Thereafter
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFourAndThereafter
1445000000 usd
CY2024Q2 us-gaap Revenues
Revenues
3268000000 usd
CY2024Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
250000000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3018000000 usd
CY2023Q2 us-gaap Revenues
Revenues
3661000000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
266000000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3395000000 usd
us-gaap Revenues
Revenues
6558000000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
479000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6079000000 usd
us-gaap Revenues
Revenues
7399000000 usd
us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
542000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6857000000 usd
CY2024Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
240000000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
257000000 usd
CY2023Q2 lumn Operating Lease Lease Income Percent Of Operating Revenue
OperatingLeaseLeaseIncomePercentOfOperatingRevenue
0.07
CY2024Q2 lumn Operating Lease Lease Income Percent Of Operating Revenue
OperatingLeaseLeaseIncomePercentOfOperatingRevenue
0.07
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
461000000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
526000000 usd
lumn Operating Lease Lease Income Percent Of Operating Revenue
OperatingLeaseLeaseIncomePercentOfOperatingRevenue
0.07
lumn Operating Lease Lease Income Percent Of Operating Revenue
OperatingLeaseLeaseIncomePercentOfOperatingRevenue
0.07
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
1263000000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1256000000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
23000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
29000000 usd
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
701000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
698000000 usd
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1300000000 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1300000000 usd
CY2024Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
43000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
343000000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
698000000 usd
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
42000000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
347000000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
715000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6800000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1700000000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
67000000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
39000000 usd
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
50000000 usd
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
6000000 usd
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
62000000 usd
CY2024Q2 lumn Number Of Subsidiary
NumberOfSubsidiary
3 subsidiary
CY2024Q2 lumn Finance Lease And Other Obligations
FinanceLeaseAndOtherObligations
270000000 usd
CY2023Q4 lumn Finance Lease And Other Obligations
FinanceLeaseAndOtherObligations
285000000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
476000000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
4000000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
235000000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
145000000 usd
CY2024Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
18603000000 usd
CY2023Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
19988000000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
192000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
157000000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
18411000000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
19831000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Remainder Of Fiscal Year
LongTermDebtAndLeaseObligationMaturityRemainderOfFiscalYear
43000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Year One
LongTermDebtAndLeaseObligationMaturityYearOne
466000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Year Two
LongTermDebtAndLeaseObligationMaturityYearTwo
238000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Year Three
LongTermDebtAndLeaseObligationMaturityYearThree
847000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Year Four
LongTermDebtAndLeaseObligationMaturityYearFour
1162000000 usd
CY2024Q2 lumn Long Term Debt And Lease Obligation Maturity Year Four And Thereafter
LongTermDebtAndLeaseObligationMaturityYearFourAndThereafter
16558000000 usd
CY2024Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
19314000000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
2258000000 usd
lumn Exchanges Of Debt
ExchangesOfDebt
10244000000 usd
CY2024Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
11970000000 usd
CY2024Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
275000000 usd
lumn Debt Fair Value Adjustment
DebtFairValueAdjustment
-492000000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
278000000 usd
lumn Payment For Lender Fees
PaymentForLenderFees
209000000 usd
lumn Payment For Third Party Costs
PaymentForThirdPartyCosts
174000000 usd
CY2024Q2 lumn Debt Instrument Capitalized Lender Fees
DebtInstrumentCapitalizedLenderFees
52000000 usd
CY2024Q2 lumn Debt Instrument Capitalized Third Party Costs
DebtInstrumentCapitalizedThirdPartyCosts
62000000 usd
CY2024Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
221000000 usd
us-gaap Severance Costs1
SeveranceCosts1
2000000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-49000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-8736000000 usd
us-gaap Net Income Loss
NetIncomeLoss
8000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8225000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-49000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8736000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8225000000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-49000000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8736000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8000000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8225000000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1015857000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1006229000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1013603000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
1004948000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
28618000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
22776000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
27556000 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
22443000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
987239000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
983453000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
986047000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
982505000 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
10000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2024Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1167000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
987239000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
983453000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
987224000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
982505000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-8.37
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-8.37
CY2024Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-23000000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-3000000 usd
CY2023Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
2000000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-59000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-41000000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8690000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8010000000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
215000000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-49000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-8736000000 usd
us-gaap Net Income Loss
NetIncomeLoss
8000000 usd
us-gaap Net Income Loss
NetIncomeLoss
-8225000000 usd
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
82000000 usd
CY2024Q2 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
82000000 usd
CY2021Q4 lumn Loss Contingency Number Of People Killed
LossContingencyNumberOfPeopleKilled
2 people
us-gaap Loss Contingency Patents Allegedly Infringed Number
LossContingencyPatentsAllegedlyInfringedNumber
1 patent
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
417000000 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
395000000 usd
CY2024Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
21000000 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
273000000 usd
CY2024Q2 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
184000000 usd
CY2023Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
209000000 usd
CY2024Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
15000000 usd
CY2023Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
19000000 usd
CY2024Q2 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
107000000 usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
104000000 usd
CY2024Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
21000000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
14000000 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
971000000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1223000000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
205000000 usd
CY2024Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
205000000 usd
CY2022Q4 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2022Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1500000000 usd
CY2024Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2024Q2 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
1300000000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-5000000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-29000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
24000000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
20000000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-26000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
46000000 usd

Files In Submission

Name View Source Status
0000018926-24-000094-index-headers.html Edgar Link pending
0000018926-24-000094-index.html Edgar Link pending
0000018926-24-000094.txt Edgar Link pending
0000018926-24-000094-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lumn-20240630.htm Edgar Link pending
lumn-20240630.xsd Edgar Link pending
lumn-20240630_g1.jpg Edgar Link pending
lumn2024063010qex311.htm Edgar Link pending
lumn2024063010qex312.htm Edgar Link pending
lumn2024063010qex321.htm Edgar Link pending
lumn2024063010qex322.htm Edgar Link pending
lumn20240630ex102.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
lumn-20240630_def.xml Edgar Link unprocessable
lumn-20240630_lab.xml Edgar Link unprocessable
lumn-20240630_pre.xml Edgar Link unprocessable
lumn-20240630_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
lumn-20240630_cal.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending