For the year ending 2025-12-31, LUMN had -$886M decrease in cash & cash equivalents over the period. $371M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -1,739 | -55 | -10,298 | -1,548 |
| Depreciation and amortization | 2,749 | 2,956 | 2,985 | 3,239 |
| Net loss on sale of businesses | 0 | -17 | -121 | 773 |
| Loss on disposal groups held for sale | - | 0 | 0 | -700 |
| Goodwill impairment | 628 | 0 | - | - |
| Impairment of long-lived assets | 109 | 83 | 10,693 | 3,271 |
| Deferred income taxes | -705 | -209 | 8 | -1,230 |
| Provision for uncollectible accounts | 70 | 72 | 100 | 133 |
| Net loss (gain) on early retirement and modification of debt | -740 | 348 | 618 | - |
| Debt modification costs and related fees | 0 | -79 | - | - |
| Net (gain) loss on early retirement and modification of debt | - | - | - | 214 |
| Gain on sale of investment | 0 | 205 | - | - |
| Unrealized loss on investments | 0 | -10 | -97 | -191 |
| Stock-based compensation | 48 | 29 | 52 | 98 |
| Accounts receivable | 168 | -19 | -102 | 158 |
| Accounts payable | 632 | -202 | -97 | 98 |
| Accrued income and other taxes | 20 | -189 | -1,185 | 972 |
| Other current assets and liabilities, net | -98 | -304 | 549 | 372 |
| Retirement benefits | 30 | -181 | -1 | 46 |
| Change in deferred revenue | 2,673 | 1,763 | - | - |
| Changes in other noncurrent assets and liabilities, net | 525 | -655 | -730 | -258 |
| Other, net | 78 | -107 | 20 | 24 |
| Net cash provided by operating activities | 4,738 | 4,333 | 2,160 | 4,735 |
| Capital expenditures | 4,367 | 3,231 | 3,100 | 3,016 |
| Proceeds from sale of businesses | 0 | 15 | 1,746 | 8,369 |
| Proceeds from sale of property, plant and equipment, and other assets | 47 | 366 | 165 | 120 |
| Other, net | -15 | -20 | 12 | -3 |
| Net cash used in investing activities | -4,305 | -2,830 | -1,201 | 5,476 |
| Net proceeds from issuance of long-term debt | 8,158 | 1,325 | 0 | 0 |
| Payments of long-term debt | 8,818 | 2,678 | 185 | 8,093 |
| Net proceeds from (payments on) revolving line of credit | 0 | -200 | 200 | -200 |
| Dividends paid | 1 | 3 | 11 | 780 |
| Debt issuance and extinguishment costs and related fees | 645 | 283 | - | - |
| Repurchases of common stock | - | 0 | 0 | 200 |
| Other, net | -13 | -12 | -22 | -40 |
| Net cash used in financing activities | -1,319 | -1,851 | -18 | -9,313 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -886 | -348 | 941 | 898 |
| Cash, cash equivalents and restricted cash at beginning of period | - | 2,248 | 1,307 | 409 |
| Cash, cash equivalents and restricted cash at end of period | - | 1,900 | 2,248 | 1,307 |
Lumen Technologies, Inc. (LUMN)
Lumen Technologies, Inc. (LUMN)