For the quarter ending 2026-03-31, LUMN had $622M increase in cash & cash equivalents over the period. $380M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Adjusted ebitda | 1,279 | - | - | - |
| Stock-based compensation | 13 | - | - | - |
| Depreciation and amortization | 664 | - | - | - |
| Total other expense, net | -425 | - | - | - |
| Income tax expense (benefit) | 377 | - | - | - |
| Net loss | -200 | -2 | -621 | -915 |
| Depreciation and amortization | 664 | 674 | 674 | 688 |
| Net gain on sale of business | 596 | 0 | 0 | 0 |
| Goodwill impairment | - | 0 | 0 | 628 |
| Impairment of long-lived assets | - | 109 | - | - |
| Deferred income taxes | -383 | -108 | -188 | -409 |
| Provision for uncollectible accounts | 12 | 23 | 16 | 18 |
| Net loss on early retirement of debt | -226 | -74 | -395 | -236 |
| Debt modification costs and related fees | - | 0 | 0 | 0 |
| Gain on sale of investment | - | 0 | 0 | 0 |
| Unrealized loss on investments | - | 0 | - | - |
| Stock-based compensation | 13 | 13 | 13 | 12 |
| Accounts receivable | 298 | 76 | 12 | 118 |
| Accounts payable | -172 | 370 | 90 | 71 |
| Accrued income and other taxes | 769 | -72 | 5 | -46 |
| Other current assets and liabilities, net | 264 | -30 | -297 | 91 |
| Retirement benefits | -114 | 16 | 15 | 1 |
| Change in deferred revenue | 1,602 | 205 | 1,750 | 225 |
| Changes in other assets and liabilities, net | -70 | 627 | -33 | -39 |
| Other, net | -6 | -67 | 44 | 63 |
| Net cash provided by operating activities | 1,323 | 562 | 2,511 | 570 |
| Capital expenditures | 943 | 1,644 | 1,041 | 891 |
| Proceeds from sale of businesses | - | 0 | - | - |
| Proceeds from sale of business | -4,977 | - | - | - |
| Proceeds from sale of property, plant and equipment, and other assets | 16 | 3 | 13 | 17 |
| Other, net | 0 | -5 | -1 | -1 |
| Net cash provided by (used in) investing activities | 4,050 | -1,636 | -1,027 | -873 |
| Net proceeds from issuance of long-term debt | 656 | 1,238 | 2,659 | 1,982 |
| Payments of long-term debt | 5,375 | 1,559 | 2,975 | 1,782 |
| Net proceeds from (payments on) revolving line of credit | - | 0 | 0 | 0 |
| Dividends paid | - | 0 | - | - |
| Debt issuance and extinguishment costs and related fees | 0 | 4 | 333 | 228 |
| Other, net | -32 | 2 | -2 | -3 |
| Net cash used in financing activities | -4,751 | -324 | -651 | -30 |
| Net increase in cash, cash equivalents and restricted cash | 622 | -1,398 | 833 | -333 |
| Cash, cash equivalents and restricted cash at beginning of period | 1,014 | 2,412 | 1,579 | 1,912 |
| Cash, cash equivalents and restricted cash at end of period | 1,636 | 1,014 | 2,412 | 1,579 |
Lumen Technologies, Inc. (LUMN)
Lumen Technologies, Inc. (LUMN)