Company delivers 10% year-over-year Strategic revenue growth, remains on track for adjusted EBITDA inflection, and advances its transformation
DENVER--(BUSINESS WIRE)--Lumen Technologies, Inc. (Nasdaq: LUMN) today reported third quarter 2026 results, delivering strong Strategic revenue growth and remaining on track for the adjusted EBITDA inflection in 2026. The company continues progress toward its financial goals and strategic transformation with expanded adoption of its Network-as-a-Service (NaaS) platform and advanced portfolio simplification.


Among the company’s highlights from the quarter:
“We’re delivering what we promised and building a stronger, more valuable Lumen,” said Kate Johnson, CEO of Lumen. “AI-driven demand for connectivity is fueling momentum in our Strategic revenue base. Customers are choosing our platform to simplify their networks and get more from every connection. As we modernize our portfolio, we’re strengthening the economics of our business and investing in what comes next.”
“Our transformation is translating into financial results: a higher-quality revenue base, with stronger margins and more operating leverage,” said Chris Stansbury, president and CFO of Lumen. “The third-quarter results reinforce that Lumen is being built on Strategic revenue growth, not on preserving the past. We remain on track to deliver adjusted EBITDA inflection this year and return to business revenue growth in 2028.”
Third Quarter 2026 Highlights
| ___________________________________ |
1 Represents a non-GAAP financial measure as later defined below under "Non-GAAP Financial Measures". |
Financial Results
Metric, as reported | Third Quarter | |||||
($ in millions, except per share data) |
| 2026 |
|
| 2025 |
|
Large Enterprise | $ | 810 |
|
| 782 |
|
Mid-Market Enterprise |
| 430 |
|
| 464 |
|
Public Sector |
| 429 |
|
| 476 |
|
North America Enterprise Channels |
| 1,669 |
|
| 1,722 |
|
Wholesale |
| 607 |
|
| 655 |
|
North America Business Revenue |
| 2,276 |
|
| 2,377 |
|
International and Other |
| 70 |
|
| 79 |
|
Business Revenue |
| 2,346 |
|
| 2,456 |
|
Mass Markets Revenue |
| 369 |
|
| 631 |
|
Total Revenue(1) | $ | 2,715 |
|
| 3,087 |
|
Cost of Services and Products |
| 1,432 |
|
| 1,700 |
|
Selling, General and Administrative Expenses |
| 784 |
|
| 829 |
|
Net Gain on Sale of Business |
| (4 | ) |
| — |
|
Stock-based Compensation Expense |
| 18 |
|
| 13 |
|
Net Loss |
| (265 | ) |
| (621 | ) |
Net Loss, Excluding Special Items(2)(3) |
| (144 | ) |
| (197 | ) |
Adjusted EBITDA(1)(2) |
| 521 |
|
| 571 |
|
Adjusted EBITDA, Excluding Special Items(2)(4) |
| 715 |
|
| 787 |
|
Net Loss Margin |
| (9.8 | )% |
| (20.1 | )% |
Net Loss Margin, Excluding Special Items(2)(3) |
| (5.3 | )% |
| (6.4 | )% |
Adjusted EBITDA Margin(2) |
| 19.2 | % |
| 18.5 | % |
Adjusted EBITDA Margin, Excluding Special Items(2)(4) |
| 26.3 | % |
| 25.5 | % |
Net Cash Provided by Operating Activities |
| 518 |
|
| 2,511 |
|
Capital Expenditures |
| 872 |
|
| 1,041 |
|
Capital Expenditures, Excluding Special Items(2)(5) |
| 796 |
|
| 950 |
|
Unlevered Cash Flow(2) |
| (132 | ) |
| 1,760 |
|
Unlevered Cash Flow, Excluding Special Items(2)(6) |
| 146 |
|
| 1,951 |
|
Free Cash Flow(2) |
| (354 | ) |
| 1,470 |
|
Free Cash Flow, Excluding Special Items(2)(6) |
| (76 | ) |
| 1,661 |
|
Net Loss per Common Share - Diluted | $ | (0.26 | ) | $ | (0.62 | ) |
Net Loss per Common Share - Diluted, Excluding Special Items(2)(3) | $ | (0.14 | ) | $ | (0.20 | ) |
Weighted Average Shares Outstanding (in millions) - Diluted |
| 1,004.8 |
|
| 996.0 |
|
(1) Third quarter 2026 was positively impacted by revenue of $27 million related to support payments received under the Federal Communications Commission's Connect America Fund ("CAF") Phase II program, which lapsed on December 31, 2021. The revenue had been deferred pending the resolution of program-related compliance review activities. | ||||||
(2) See "Non-GAAP Financial Measures" at the end of this release for definitions of non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures. | ||||||
(3) Excludes Special Items (net of the income tax effect thereof) in the amounts of $121 million and $424 million for the third quarter of 2026 and 2025, respectively. | ||||||
(4) Excludes Special Items in the amounts of $194 million and $216 million for the third quarter of 2026 and 2025, respectively. | ||||||
(5) Excludes Special Items in the amounts of $76 million and $91 million for the third quarter of 2026 and 2025, respectively. | ||||||
(6) Excludes Special Items in the amounts of $278 million and $191 million for the third quarter of 2026 and 2025, respectively. | ||||||
Revenue | Third Quarter | Second Quarter | QoQ Percent | Third Quarter | YoY Percent | |
($ in millions) | 2026 | 2026 | Change | 2025 | Change | |
Revenue By Sales Channel |
|
|
|
|
| |
Large Enterprise | $ | 810 | 794 | 2% | 782 | 4% |
Mid-Market Enterprise |
| 430 | 435 | (1)% | 464 | (7)% |
Public Sector |
| 429 | 490 | (12)% | 476 | (10)% |
North America Enterprise Channels |
| 1,669 | 1,719 | (3)% | 1,722 | (3)% |
Wholesale |
| 607 | 653 | (7)% | 655 | (7)% |
North America Business Revenue |
| 2,276 | 2,372 | (4)% | 2,377 | (4)% |
International and Other |
| 70 | 72 | (3)% | 79 | (11)% |
Business Revenue |
| 2,346 | 2,444 | (4)% | 2,456 | (4)% |
Mass Markets Revenue |
| 369 | 361 | 2% | 631 | (42)% |
Total Revenue | $ | 2,715 | 2,805 | (3)% | 3,087 | (12)% |
Business Revenue by Product Category |
|
|
|
|
| |
Strategic | $ | 1,279 | 1,289 | (1)% | 1,167 | 10% |
Legacy |
| 1,067 | 1,155 | (8)% | 1,289 | (17)% |
Business Revenue | $ | 2,346 | 2,444 | (4)% | 2,456 | (4)% |
Revenue
Total Revenue was $2.715 billion for the third quarter 2026, compared to $3.09 billion for the third quarter 2025.
Cash Flow
Net Cash Provided by Operating Activities was $518 million in the third quarter 2026, compared to $2.5 billion in the third quarter 2025.
Free Cash Flow, excluding Special Items, was $(76) million in the third quarter 2026, compared to $1.7 billion in the third quarter 2025.
Liquidity
As of September 30, 2026, Lumen had cash and cash equivalents of $978 million.
2026 Financial Outlook
The Company reiterated its full-year 2026 financial outlook, which is detailed below:
Metric (1)(2)(4) | Outlook |
Adjusted EBITDA excluding Special Items(3) | $3.1 to $3.3 billion |
Free Cash Flow excluding Special Items(3) | $1.9 to $2.1 billion |
Net Cash Interest | $650 to $750 million |
Capital Expenditures excluding Special Items | $3.2 to $3.4 billion |
Cash Income Taxes (Refunded) | ($350) to ($450) million |
Other Metrics | Range |
Income tax expense | $45 to $200 million |
Total other expense, net | $1.1 to $1.3 billion |
Depreciation and amortization expense | $2.6 to $2.8 billion |
Stock-based compensation expense | $60 to $80 million |
(1) Outlook metrics reflect our expectations as of the date hereof. Actual results may vary and are subject to a number of risks and uncertainties, many of which are beyond our control. See “Forward-Looking Statements.” | |
(2) Reflects a $420 million refund, including interest, from recent tax legislation. Excludes the taxes related to the Mass Markets Fiber-to-the-Home divestiture. | |
(3) Adjusted EBITDA, Free Cash Flow and Capital Expenditures, in each case, excluding Special Items, are non-GAAP financial measures. For definitions of these non-GAAP financial measures and reconciliations of historical non-GAAP financial measures to the most directly comparable GAAP measures, see "Non-GAAP Financial Measures" at the end of this release and our Investor Relations website. A reconciliation of these forward-looking non-GAAP financial measures to corresponding GAAP measures cannot be provided without unreasonable effort due to the inherent uncertainty and difficulty of forecasting, with sufficient precision, the timing and amount of certain material non-operating or non-recurring items that have not yet occurred. Forward-looking non-GAAP financial measures may vary materially from the corresponding GAAP financial measures. For the full year 2026, the Company currently expects certain expenses, which are reconciling items to net loss, to be in the ranges reflected above. Actual results may vary and are subject to a number of risks and uncertainties, many of which are beyond our control. See “Forward-Looking Statements.” | |
(4) Free Cash Flow guidance for 2026 includes $729 million of proceeds from the Mass Markets Fiber-to-the-Home divestiture classified as cash flow from operations. Free Cash Flow for the first quarter of 2026 as reported included this $729 million. The cash proceeds from the divestiture were primarily used to pay down debt in the first quarter of 2026. | |
Investor Call
Lumen’s management team will host a conference call at 5:00 p.m. ET today, Nov 4, 2026. The conference call will be streamed live over the Lumen website at ir.lumen.com. Additional information regarding third quarter 2026 results, including the presentation materials, will be available on the Investor Relations website prior to the call. A webcast replay of the call will also be available on our website for one year.
About Lumen Technologies:
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers’ needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly-owned affiliate of Lumen Technologies, Inc.
Forward-Looking Statements
Except for historical and factual information, the matters set forth in this release and our other oral or written statements identified by words such as “estimates,” “expects,” “anticipates,” “believes,” “plans,” “intends,” “will,” and similar expressions with respect to the future are forward-looking statements as defined by the federal securities laws, and are subject to the “safe harbor” protections thereunder. The forward-looking statements included in this release include, without limitation, statements regarding our financial outlook and anticipated financial and operating performance; our anticipated EBITDA inflection and path to business revenue growth in 2028; our ability to achieve the objectives described at Investor Day; grow strategic and digital revenues and sales; conversion of sales, contracts, and infrastructure agreements into revenue and cash flows; our expectations with respect to increased adoption and usage of our digital networking, Network-as-a-Service and other strategic offerings; our ability to develop and scale Lumen Intelligent Internet and other programmable networking products; execute our AI, multi-cloud and digital platform strategies; our ability to realize anticipated benefits from PCF agreements, the Alkira acquisition and our quantum networking collaborations; the achievement of anticipated benefits and cost savings from our modernization, simplification, and portfolio initiatives; the transition of our legacy copper network and redirecting investment toward strategic services; and our ability to complete, or realize, anticipated benefits from, acquisitions, divestitures, separation activities, debt transactions, and other strategic transactions. These forward-looking statements and the assumptions on which they are based are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties include , but are not limited to our ability to successfully and timely implement our corporate strategies, including our transformation, modernization and simplification, buildout and deleveraging strategies and to successfully manage the decline of our legacy products; our ability to successfully respond to challenges with integrating, modernizing and digitally transforming our systems, capitalize on emerging market opportunities, especially artificial intelligence ("AI"), and innovate in response to new technologies and changing customer demands; risks associated with our use of AI in our service offerings and internal operations, including the risk that AI-enabled features do not perform as expected or produce inaccurate, biased, or harmful outputs, the inadvertent disclosure of confidential, proprietary or customer data, and the introduction of security vulnerabilities through AI-generated software code; rapid and uncertain developments in AI technology, regulation, and market dynamics that may increase cybersecurity, legal, competitive and reputational risks and adversely affect our business; our complex debt structure and our ability to comply with our debt obligations and covenants, including our ability to make transfers of cash in compliance therewith; our obligations under the guarantees we have provided of indebtedness issued or incurred by our subsidiaries; our ability to effectively retain and hire key personnel and to successfully negotiate collective bargaining agreements on reasonable terms without work stoppages; our ability to safeguard our network, and to avoid the adverse impact of cyber-attacks (including state-sponsored attacks targeting telecommunications infrastructure), security breaches, service outages, system failures, or similar events impacting our network or the availability and quality of our services; the effects of, and our ability to comply with, complex and evolving regulations and judicial proceedings affecting our business and our industry; our ability to protect and continue to use intellectual property necessary to conduct our operations; our ability to use our net operating loss carryforwards in the amounts projected and to fully realize any anticipated benefits from recently-enacted federal tax legislation; the effects of adverse weather, terrorism, epidemics, pandemics, war, rioting, vandalism, societal unrest, political discord, inflation, trade policy changes, trade wars and tensions, sanctions, armed conflicts (including the ongoing conflict in the Middle East) and other social, political, and economic factors; and other risks and uncertainties described in our Securities and Exchange Commission ("SEC") filings, including those set forth in the Risk Factors section and under the heading "Special Note Regarding Forward-Looking Statements" in our most recently filed Annual Report on Form 10-K, our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 to be filed with the SEC, and in our other filings with the SEC. Additional factors or risks that we currently deem immaterial, that are not presently known to us, or that arise in the future could also cause our actual results to differ materially from our expected results. Given these uncertainties, investors are cautioned not to unduly rely upon our forward-looking statements, which speak only as of the date made. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, whether as a result of new information, future events or developments, changed circumstances, or otherwise. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. Furthermore, any information about our intentions contained in any of our forward-looking statements reflects our intentions as of the date of such forward-looking statement, and is based upon, among other things, our assessment of regulatory, technological, industry, competitive, economic, or market conditions as of such date. We may change our intentions, strategies or plans (including our capital allocation plans) at any time and without notice, based upon any changes in such factors or otherwise, and we undertake no obligation to make any public announcement of such changed intentions, except to the extent required by applicable law.
Lumen Technologies, Inc. | ||||||||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||||
THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025 | ||||||||||||||||||
(UNAUDITED) | ||||||||||||||||||
($ in millions, except per share amounts; shares in thousands) | ||||||||||||||||||
|
|
|
|
|
|
|
|
| ||||||||||
|
Three months ended
| (Decrease) / Increase |
Nine months ended
| (Decrease) / Increase | ||||||||||||||
|
| 2026 |
|
|
| 2025 |
|
| 2026 |
|
|
| 2025 |
| ||||
OPERATING REVENUE | $ | 2,715 |
|
|
| 3,087 |
| (12 | )% |
| 8,419 |
|
|
| 9,361 |
| (10 | )% |
OPERATING EXPENSES |
|
|
|
|
|
|
|
| ||||||||||
Cost of services and products (exclusive of depreciation and amortization) |
| 1,432 |
|
|
| 1,700 |
| (16 | )% |
| 4,282 |
|
|
| 5,011 |
| (15 | )% |
Selling, general and administrative |
| 784 |
|
|
| 829 |
| (5 | )% |
| 2,357 |
|
|
| 2,259 |
| 4 | % |
Net gain on sale of business |
| (4 | ) |
|
| — |
| nm |
| (569 | ) |
|
| — |
| nm | ||
Depreciation and amortization |
| 670 |
|
|
| 674 |
| (1 | )% |
| 2,002 |
|
|
| 2,075 |
| (4 | )% |
Goodwill impairment |
| — |
|
|
| — |
| nm |
| — |
|
|
| 628 |
| nm | ||
Total operating expenses |
| 2,882 |
|
|
| 3,203 |
| (10 | )% |
| 8,072 |
|
|
| 9,973 |
| (19 | )% |
OPERATING (LOSS) INCOME |
| (167 | ) |
|
| (116 | ) | 44 | % |
| 347 |
|
|
| (612 | ) | nm | |
OTHER (EXPENSE) INCOME |
|
|
|
|
|
|
|
| ||||||||||
Interest expense |
| (189 | ) |
|
| (319 | ) | (41 | )% |
| (615 | ) |
|
| (1,004 | ) | (39 | )% |
Net gain (loss) on early retirement of debt |
| 1 |
|
|
| (395 | ) | nm |
| (219 | ) |
|
| (666 | ) | (67 | )% | |
Other income, net |
| 20 |
|
|
| 17 |
| 18 | % |
| 74 |
|
|
| 75 |
| (1 | )% |
Total other expense, net |
| (168 | ) |
|
| (697 | ) | (76 | )% |
| (760 | ) |
|
| (1,595 | ) | (52 | )% |
Income tax (benefit) expense |
| (70 | ) |
|
| (192 | ) | (64 | )% |
| 253 |
|
|
| (470 | ) | nm | |
NET LOSS | $ | (265 | ) |
| $ | (621 | ) | (57 | )% | $ | (666 | ) |
| $ | (1,737 | ) | (62 | )% |
|
|
|
|
|
|
|
|
| ||||||||||
BASIC LOSS PER SHARE | $ | (0.26 | ) |
|
| (0.62 | ) | (58 | )% |
| (0.66 | ) |
|
| (1.75 | ) | (62 | )% |
DILUTED LOSS PER SHARE | $ | (0.26 | ) |
|
| (0.62 | ) | (58 | )% |
| (0.66 | ) |
|
| (1.75 | ) | (62 | )% |
|
|
|
|
|
|
|
|
| ||||||||||
WEIGHTED AVERAGE SHARES OUTSTANDING |
|
|
|
|
|
|
|
| ||||||||||
Basic |
| 1,004,773 |
|
|
| 995,998 |
| 1 | % |
| 1,002,590 |
|
|
| 993,937 |
| 1 | % |
Diluted |
| 1,004,773 |
|
|
| 995,998 |
| 1 | % |
| 1,002,590 |
|
|
| 993,937 |
| 1 | % |
|
|
|
|
|
|
|
|
| ||||||||||
nm - Percentages greater than 200% and comparisons between positive and negative values or to/from zero values are considered not meaningful. | ||||||||||||||||||
Lumen Technologies, Inc. | ||||||
CONSOLIDATED BALANCE SHEETS | ||||||
AS OF SEPTEMBER 30, 2026 AND DECEMBER 31, 2025 | ||||||
(UNAUDITED) | ||||||
($ in millions) | ||||||
| September 30, 2026 |
| December 31, 2025 | |||
ASSETS |
|
|
| |||
CURRENT ASSETS |
|
|
| |||
Cash and cash equivalents | $ | 978 |
|
| 1,003 |
|
Accounts receivable, less allowance of $39 and $67 |
| 1,400 |
|
| 1,314 |
|
Assets held for sale |
| 9 |
|
| 4,285 |
|
Other |
| 817 |
|
| 1,307 |
|
Total current assets |
| 3,204 |
|
| 7,909 |
|
Property, plant and equipment, net of accumulated depreciation of $24,547 and $23,744 |
| 20,857 |
|
| 19,575 |
|
GOODWILL AND OTHER ASSETS |
|
|
| |||
Goodwill |
| 268 |
|
| — |
|
Other intangible assets, net |
| 4,110 |
|
| 4,463 |
|
Other, net |
| 2,285 |
|
| 2,395 |
|
Total other assets |
| 6,663 |
|
| 6,858 |
|
TOTAL ASSETS | $ | 30,724 |
|
| 34,342 |
|
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY |
|
|
| |||
CURRENT LIABILITIES |
|
|
| |||
Current maturities of long-term debt | $ | 29 |
|
| 88 |
|
Accounts payable |
| 1,302 |
|
| 1,508 |
|
Accrued expenses and other liabilities |
|
|
| |||
Salaries and benefits |
| 791 |
|
| 854 |
|
Income and other taxes |
| 700 |
|
| 279 |
|
Current operating lease liabilities |
| 282 |
|
| 266 |
|
Interest |
| 123 |
|
| 149 |
|
Other |
| 293 |
|
| 203 |
|
Liabilities held for sale |
| 2 |
|
| 38 |
|
Current portion of deferred revenue |
| 1,020 |
|
| 1,005 |
|
Total current liabilities |
| 4,542 |
|
| 4,390 |
|
LONG-TERM DEBT |
| 13,164 |
|
| 17,353 |
|
DEFERRED CREDITS AND OTHER LIABILITIES |
|
|
| |||
Deferred income taxes, net |
| 1,671 |
|
| 2,270 |
|
Benefit plan obligations, net |
| 1,904 |
|
| 2,103 |
|
Deferred revenue |
| 8,238 |
|
| 6,406 |
|
Other |
| 2,927 |
|
| 2,937 |
|
Total deferred credits and other liabilities |
| 14,740 |
|
| 13,716 |
|
STOCKHOLDERS' DEFICIT |
|
|
| |||
Common stock |
| 19,196 |
|
| 19,185 |
|
Accumulated other comprehensive loss |
| (551 | ) |
| (601 | ) |
Accumulated deficit |
| (20,367 | ) |
| (19,701 | ) |
Total stockholders' deficit |
| (1,722 | ) |
| (1,117 | ) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | 30,724 |
|
| 34,342 |
|
Lumen Technologies, Inc. | ||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||
NINE MONTHS ENDED SEPTEMBER 30, 2026 AND 2025 | ||||||
(UNAUDITED) | ||||||
($ in millions) | ||||||
| Nine months ended September 30, | |||||
|
| 2026 |
|
| 2025 |
|
OPERATING ACTIVITIES |
|
|
| |||
Net loss | $ | (666 | ) |
| (1,737 | ) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
| |||
Depreciation and amortization |
| 2,002 |
|
| 2,075 |
|
Net gain on sale of business |
| (569 | ) |
| — |
|
Goodwill impairment |
| — |
|
| 628 |
|
Deferred income taxes |
| (602 | ) |
| (597 | ) |
Provision for uncollectible accounts |
| 33 |
|
| 47 |
|
Net loss on early retirement of debt |
| 219 |
|
| 666 |
|
Stock-based compensation |
| 49 |
|
| 35 |
|
Changes in current assets and liabilities, net |
| 483 |
|
| 330 |
|
Retirement benefits |
| (139 | ) |
| 14 |
|
Change in deferred revenue |
| 1,832 |
|
| 2,468 |
|
Changes in other assets and liabilities, net |
| 208 |
|
| 102 |
|
Other, net |
| (38 | ) |
| 145 |
|
Net cash provided by operating activities |
| 2,812 |
|
| 4,176 |
|
INVESTING ACTIVITIES |
|
|
| |||
Capital expenditures |
| (2,717 | ) |
| (2,723 | ) |
Proceeds from sale of business |
| 4,977 |
|
| — |
|
Payment for acquisition, net of cash acquired |
| (470 | ) |
| — |
|
Proceeds from sale of property, plant and equipment, and other assets |
| 24 |
|
| 44 |
|
Other, net |
| (11 | ) |
| 10 |
|
Net cash provided by (used in) investing activities |
| 1,803 |
|
| (2,669 | ) |
FINANCING ACTIVITIES |
|
|
| |||
Net proceeds from issuance of long-term debt |
| 1,728 |
|
| 6,920 |
|
Payments of long-term debt |
| (6,307 | ) |
| (7,259 | ) |
Debt issuance and extinguishment costs and related fees |
| (23 | ) |
| (641 | ) |
Other, net |
| (37 | ) |
| (15 | ) |
Net cash used in financing activities |
| (4,639 | ) |
| (995 | ) |
Net (decrease) increase in cash, cash equivalents and restricted cash |
| (24 | ) |
| 512 |
|
Cash, cash equivalents and restricted cash at beginning of period |
| 1,014 |
|
| 1,900 |
|
Cash, cash equivalents and restricted cash at end of period | $ | 990 |
|
| 2,412 |
|
|
|
|
| |||
Cash, cash equivalents and restricted cash: |
|
|
| |||
Cash and cash equivalents | $ | 978 |
|
| 2,401 |
|
Restricted cash |
| 12 |
|
| 11 |
|
Total | $ | 990 |
|
| 2,412 |
|
Media Relations Contacts:
Anita Gomes
anita.gomes@lumen.com
+1 858-229-8538
Investor Relations Contact:
Jessica Cox
investor.relations@lumen.com
+1 603-404-7003
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