$LUMN
Lumen Technologies, Inc.

2014 Q1 Form 10-Q Financial Statement

#000144530514002030 Filed on May 09, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $4.538B $4.513B
YoY Change 0.55% -2.1%
Cost Of Revenue $1.935B $1.796B
YoY Change 7.74% -4.32%
Gross Profit $2.603B $2.717B
YoY Change -4.2% -0.59%
Gross Profit Margin 57.36% 60.2%
Selling, General & Admin $843.0M $818.0M
YoY Change 3.06% -6.08%
% of Gross Profit 32.39% 30.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.107B $1.117B
YoY Change -0.9% -7.53%
% of Gross Profit 42.53% 41.11%
Operating Expenses $3.885B $3.731B
YoY Change 4.13% -5.69%
Operating Profit $653.0M $782.0M
YoY Change -16.5% 19.57%
Interest Expense $331.0M $316.0M
YoY Change 4.75% -7.87%
% of Operating Profit 50.69% 40.41%
Other Income/Expense, Net -$322.0M -$277.0M
YoY Change 16.25% -14.24%
Pretax Income $331.0M $505.0M
YoY Change -34.46% 52.57%
Income Tax $128.0M $207.0M
% Of Pretax Income 38.67% 40.99%
Net Earnings $203.0M $298.0M
YoY Change -31.88% 49.0%
Net Earnings / Revenue 4.47% 6.6%
Basic Earnings Per Share $0.35 $0.48
Diluted Earnings Per Share $0.35 $0.48
COMMON SHARES
Basic Shares Outstanding 574.5M shares 619.4M shares
Diluted Shares Outstanding 575.5M shares 621.1M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $219.0M $476.0M
YoY Change -53.99% -68.89%
Cash & Equivalents $219.0M $476.0M
Short-Term Investments
Other Short-Term Assets $632.0M $587.0M
YoY Change 7.67% -60.15%
Inventory $155.0M $134.0M
Prepaid Expenses $299.0M $301.0M
Receivables $1.887B $1.924B
Other Receivables $0.00 $5.000M
Total Short-Term Assets $3.748B $3.875B
YoY Change -3.28% -20.63%
LONG-TERM ASSETS
Property, Plant & Equipment $18.49B $18.83B
YoY Change -1.76% -2.44%
Goodwill $20.67B $21.63B
YoY Change -4.41%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $834.0M $800.0M
YoY Change 4.25% -4.88%
Total Long-Term Assets $47.42B $49.85B
YoY Change -4.89% -4.05%
TOTAL ASSETS
Total Short-Term Assets $3.748B $3.875B
Total Long-Term Assets $47.42B $49.85B
Total Assets $51.17B $53.73B
YoY Change -4.77% -5.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.183B $1.094B
YoY Change 8.14% 6.63%
Accrued Expenses $982.0M $982.0M
YoY Change 0.0% -11.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.126B $1.193B
YoY Change -5.62% -45.77%
Total Short-Term Liabilities $4.621B $4.583B
YoY Change 0.83% -18.78%
LONG-TERM LIABILITIES
Long-Term Debt $19.81B $19.60B
YoY Change 1.12% -5.19%
Other Long-Term Liabilities $1.212B $6.883B
YoY Change -82.39% 15.14%
Total Long-Term Liabilities $1.212B $26.48B
YoY Change -95.42% -0.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.621B $4.583B
Total Long-Term Liabilities $1.212B $26.48B
Total Liabilities $5.833B $34.87B
YoY Change -83.27% -3.68%
SHAREHOLDERS EQUITY
Retained Earnings $144.0M $1.244B
YoY Change -88.42%
Common Stock $575.0M $616.0M
YoY Change -6.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.80B $18.86B
YoY Change
Total Liabilities & Shareholders Equity $51.17B $53.73B
YoY Change -4.77% -5.48%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $203.0M $298.0M
YoY Change -31.88% 49.0%
Depreciation, Depletion And Amortization $1.107B $1.117B
YoY Change -0.9% -7.53%
Cash From Operating Activities $1.380B $1.387B
YoY Change -0.5% -12.38%
INVESTING ACTIVITIES
Capital Expenditures $670.0M $663.0M
YoY Change 1.06% -2.21%
Acquisitions
YoY Change
Other Investing Activities $13.00M -$4.000M
YoY Change -425.0% -73.33%
Cash From Investing Activities -$682.0M -$584.0M
YoY Change 16.78% -11.92%
FINANCING ACTIVITIES
Cash Dividend Paid $309.0M $341.0M
YoY Change -9.38% -24.56%
Common Stock Issuance & Retirement, Net $321.0M $384.0M
YoY Change -16.41% -1700.0%
Debt Paid & Issued, Net $47.00M $56.00M
YoY Change -16.07%
Cash From Financing Activities -647.0M -538.0M
YoY Change 20.26% -211.85%
NET CHANGE
Cash From Operating Activities 1.380B 1.387B
Cash From Investing Activities -682.0M -584.0M
Cash From Financing Activities -647.0M -538.0M
Net Change In Cash 51.00M 265.0M
YoY Change -80.75% -81.08%
FREE CASH FLOW
Cash From Operating Activities $1.380B $1.387B
Capital Expenditures $670.0M $663.0M
Free Cash Flow $710.0M $724.0M
YoY Change -1.93% -20.0%

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CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
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328000000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
397000000 USD
CY2013Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
341000000 USD
CY2014Q1 us-gaap Payments Of Dividends
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309000000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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663000000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
670000000 USD
CY2014Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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4012000000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4049000000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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25
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
25
CY2014Q1 us-gaap Preferred Stock Shares Authorized
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2000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
7000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
7000 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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7000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
7000 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q1 us-gaap Prepaid Expense Current
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299000000 USD
CY2013Q4 us-gaap Prepaid Expense Current
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266000000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
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7000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
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13000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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988000000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
75000000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Productive Assets
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1000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Gross
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CY2013Q4 us-gaap Property Plant And Equipment Gross
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34307000000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
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18646000000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
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CY2013Q1 us-gaap Provision For Doubtful Accounts
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27000000 USD
CY2014Q1 us-gaap Provision For Doubtful Accounts
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30000000 USD
CY2013Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-14000000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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-6000000 USD
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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574535000 shares
CY2013Q1 us-gaap Repayments Of Long Term Debt
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56000000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
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47000000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
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66000000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
144000000 USD
CY2014Q1 us-gaap Revenues
Revenues
4538000000 USD
CY2013Q1 us-gaap Revenues
Revenues
4513000000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
17191000000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
18856000000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
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818000000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
843000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
1000000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
2000000000 USD
CY2014Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
114000000 USD
CY2014Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
10400000 shares
CY2014Q1 us-gaap Stock Repurchased And Retired During Period Value
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319000000 USD
CY2014Q1 us-gaap Stockholders Equity
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16798000000 USD
CY2013Q4 us-gaap Taxes Payable Current
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339000000 USD
CY2014Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
410000000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
575456000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
621074000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
578197000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
622522000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
619423000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3099000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
3662000 shares
CY2013Q4 ctl Capital Lease And Other Obligations
CapitalLeaseAndOtherObligations
619000000 USD
CY2014Q1 ctl Capital Lease And Other Obligations
CapitalLeaseAndOtherObligations
578000000 USD
CY2013Q4 ctl Customer Relationships Finite Lived Intangible Assets Net
CustomerRelationshipsFiniteLivedIntangibleAssetsNet
5935000000 USD
CY2014Q1 ctl Customer Relationships Finite Lived Intangible Assets Net
CustomerRelationshipsFiniteLivedIntangibleAssetsNet
5667000000 USD
CY2014Q1 ctl Finite Lived Intangible Assets Customer Relationships Accumulated Amortization
FiniteLivedIntangibleAssetsCustomerRelationshipsAccumulatedAmortization
3909000000 USD
CY2013Q4 ctl Finite Lived Intangible Assets Customer Relationships Accumulated Amortization
FiniteLivedIntangibleAssetsCustomerRelationshipsAccumulatedAmortization
3641000000 USD
CY2014Q1 ctl Finite Lived Intangible Other Assets Accumulated Amortization
FiniteLivedIntangibleOtherAssetsAccumulatedAmortization
1452000000 USD
CY2013Q4 ctl Finite Lived Intangible Other Assets Accumulated Amortization
FiniteLivedIntangibleOtherAssetsAccumulatedAmortization
1401000000 USD
CY2013Q1 ctl Income Loss Applicable To Unvested Restricted Stock Awards
IncomeLossApplicableToUnvestedRestrictedStockAwards
0 USD
CY2014Q1 ctl Income Loss Applicable To Unvested Restricted Stock Awards
IncomeLossApplicableToUnvestedRestrictedStockAwards
0 USD
CY2013Q4 ctl Intangible Assets Net Including Goodwill And Other Assets Noncurrent
IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent
29234000000 USD
CY2014Q1 ctl Intangible Assets Net Including Goodwill And Other Assets Noncurrent
IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent
28925000000 USD
CY2013Q4 ctl Legal Reserve Current
LegalReserveCurrent
273000000 USD
CY2014Q1 ctl Legal Reserve Current
LegalReserveCurrent
28000000 USD
CY2014Q1 ctl Number Of Groups Of Products And Services
NumberOfGroupsOfProductsAndServices
4 category
CY2014Q1 ctl Number Of Groups Of Products And Services Included In Segment Revenue
NumberOfGroupsOfProductsAndServicesIncludedInSegmentRevenue
3 category
CY2014Q1 ctl Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustmentand Other Adjustments
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentandOtherAdjustments
1000000 USD
CY2013Q1 ctl Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustmentand Other Adjustments
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentandOtherAdjustments
-8000000 USD
CY2014Q1 ctl Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustmentand Other Adjustments Tax Attributableto Parent
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentandOtherAdjustmentsTaxAttributabletoParent
0 USD
CY2013Q1 ctl Other Comprehensive Income Loss Foreign Currency Transactionand Translation Adjustmentand Other Adjustments Tax Attributableto Parent
OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentandOtherAdjustmentsTaxAttributabletoParent
-2000000 USD
CY2013Q1 ctl Proceedsfrom Paymentsof Longterm Linesof Credit
ProceedsfromPaymentsofLongtermLinesofCredit
-745000000 USD
CY2014Q1 ctl Proceedsfrom Paymentsof Longterm Linesof Credit
ProceedsfromPaymentsofLongtermLinesofCredit
30000000 USD
CY2014Q1 ctl Stock Repurchase Program Shares Unsettled Amount
StockRepurchaseProgramSharesUnsettledAmount
18000000 USD
CY2014Q1 ctl Stock Repurchase Program Shares Unsettled Average Cost Per Share
StockRepurchaseProgramSharesUnsettledAverageCostPerShare
32.69
CY2014Q1 ctl Stock Repurchasedand Retired During Period Average Costper Share
StockRepurchasedandRetiredDuringPeriodAverageCostperShare
30.63
CY2014Q1 ctl Universal Service Taxes And Surcharges
UniversalServiceTaxesAndSurcharges
131000000 USD
CY2013Q1 ctl Universal Service Taxes And Surcharges
UniversalServiceTaxesAndSurcharges
128000000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000018926
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
572747122 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
CENTURYLINK, INC

Files In Submission

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0001445305-14-002030-index-headers.html Edgar Link pending
0001445305-14-002030-index.html Edgar Link pending
0001445305-14-002030.txt Edgar Link pending
0001445305-14-002030-xbrl.zip Edgar Link pending
centurylinklogoa01.jpg Edgar Link pending
ctl-20140331.xml Edgar Link completed
ctl-20140331.xsd Edgar Link pending
ctl-20140331_cal.xml Edgar Link unprocessable
ctl-20140331_def.xml Edgar Link unprocessable
ctl-20140331_lab.xml Edgar Link unprocessable
ctl-20140331_pre.xml Edgar Link unprocessable
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Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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