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Lumen (LUMN)

Lumen is guided by its belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, it delivers the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Company profile

Ticker
LUMN
Exchange
Website
CEO
Jeffrey Storey
Employees
Incorporated
Location
Fiscal year end
Former names
CENTURY TELEPHONE ENTERPRISES INC, CENTURYLINK, INC, CENTURYTEL INC
SEC CIK
Subsidiaries
Actel, LLC • Bloomingdale Telephone Company, Inc. • Century Cellunet International, Inc. • Cellunet of India Limited • Century Telephone of West Virginia, Inc. • CenturyLink Communications, LLC • Boxgate Holdings, LLC • ELASTICBOX INC. • Q Fiber, LLC • Qwest International Services Corporation ...
IRS number
720651161

LUMN stock data

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 380M 380M 380M 380M 380M 380M
Cash burn (monthly) 9.67M 10.25M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 27.75M 29.43M n/a n/a n/a n/a
Cash remaining 352.25M 350.57M n/a n/a n/a n/a
Runway (months of cash) 36.4 34.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 May 22 Bejar Martha Helena Common Stock Grant Acquire A No No 0 18,514 0 88,930
18 May 22 Allen Quincy L Common Stock Grant Acquire A No No 0 18,514 0 33,050
18 May 22 Brown Peter C Common Stock Grant Acquire A No No 0 18,514 0 78,821
18 May 22 Chilton Kevin P. Common Stock Grant Acquire A No No 0 18,514 0 117,002
18 May 22 Glenn T Michael Common Stock Grant Acquire A No No 0 18,514 0 116,414
76.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 745 767 -2.9%
Opened positions 90 145 -37.9%
Closed positions 112 67 +67.2%
Increased positions 293 264 +11.0%
Reduced positions 232 229 +1.3%
13F shares Current Prev Q Change
Total value 8.89B 10.19B -12.7%
Total shares 789.59M 811.16M -2.7%
Total puts 14.7M 9.23M +59.4%
Total calls 17.63M 12.83M +37.4%
Total put/call ratio 0.8 0.7 +16.0%
Largest owners Shares Value Change
Vanguard 116.14M $1.31B +2.4%
BLK Blackrock 97.64M $1.1B +2.4%
Temasek 72.66M $818.87M -25.3%
Southeastern Asset Management 62.51M $704.46M -3.0%
STT State Street 61.05M $688.02M -0.8%
First Trust Advisors 19.96M $224.95M -1.4%
Dimensional Fund Advisors 19.52M $220.02M +2.2%
Geode Capital Management 19.14M $215.76M +0.6%
IVZ Invesco 15.02M $169.23M +24.1%
ACR Alpine Capital Research 13.93M $157.03M +33.1%
Largest transactions Shares Bought/sold Change
Temasek 72.66M -24.6M -25.3%
Marshall Wace 6.25M +5.37M +609.4%
Pacer Advisors 6.79M +4.82M +243.5%
BCS Barclays 3.76M +3.76M NEW
Parametric Portfolio Associates 4.71M -3.67M -43.8%
Millennium Management 1.77M -3.63M -67.2%
ACR Alpine Capital Research 13.93M +3.47M +33.1%
Norges Bank 0 -3.46M EXIT
Robeco Institutional Asset Management B.V. 1.16M -3.29M -73.9%
MS Morgan Stanley 12.49M -3.04M -19.6%

Financial report summary

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Management Discussion
  • In this section, we discuss our overall results of operations and highlight special items that are not included in our segment results. In "Segment Results" we review the performance of our two reporting segments in more detail.
  • For years, we have experienced revenue declines, excluding the impact of acquisitions, primarily due to declines in voice and private line customers, switched access rates and minutes of use. More recently, we have experienced declines in revenue derived from the sale of certain of our other products and services and a reduction in government support payments, in particular the cessation of the CAF II program. To partially mitigate these revenue declines, we remain focused on efforts to, among other things:
  • •market our products and services to new customers.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: affordability, appellate, April, assistance, card, cessation, chain, Commerce, conclusion, delivering, denied, derecognize, Diana, difficulty, expending, faulty, fiscal, foreseeable, formal, furnish, geopolitical, inflation, intellectual, interconnected, knowledgeable, layer, lessor, macroeconomic, maximize, Mey, mid, minimize, mobile, Montana, NAV, Nebraska, Northern, orderly, outage, partnership, payout, permit, permitted, phone, Quantum, rank, recategorization, recategorized, reliability, renew, reopened, requested, revalued, similarly, single, situated, spun, Stansbury, supply, suspended, TDR, Telephone, transparency, transport, Transportation, troubled, twelve, unexpected, unfavorable, unknown, unsolicited, unused, vandalism, vendor, vi, vii, Vintage, Washington, West, WUTC, Wyoming
Removed: abundance, accelerated, acceleration, Affecting, amend, amortizing, announced, bad, barring, began, Biden, caution, chart, circumstance, Clarifying, creation, cumulative, declining, decommissioned, deficit, Dev, diminishing, discount, distraction, easing, effort, extend, Facilitation, footnote, globally, grant, guaranteed, incurrence, Indraneel, largely, limit, linear, maker, mandated, mix, pooled, prompted, realignment, reassessed, receiving, reclassification, redeem, redeemed, redemption, reorganization, repaid, restricting, route, SBG, software, sooner, subsidy, summarize, thereunder, track, treatment, TV, unrealized, workload

Patents

Utility
System and Method for Adding Routing Paths In a Network
23 Jun 22
Aspects of the present disclosure involve systems, methods, computer program products, and the like, for providing multiple egress points from a telecommunications network for a client of the network.
Utility
Consolidation of existing signal transfer points in a telecommunication network
21 Jun 22
The present disclosure is directed to consolidation of STP pairs without deploying new STP pairs and without making changes at a Service Switching Point to reflect the consolidation.
Utility
Provisioning dedicated network resources with API services
21 Jun 22
Embodiments are disclosed that provision a cloud-based service together with a dedicated network connection to provision a cloud-based service element.
Utility
Beacon services in a content delivery framework
21 Jun 22
A computer-implemented method in a content delivery network (CDN) comprising multiple content delivery (CD) services including at least one beacon service, the method comprising: at particular CD service in the CDN: (A) obtaining and responding to at least one first request; (B) obtaining and responding to at least one second request; and (C) making a beacon request to a beacon CD service, the beacon request including particular information about: (i) the at least one first request, and (ii) the at least one second request, wherein at least some of the particular information is encoded in the beacon request, wherein the beacon request comprises an HTTP request.
Utility
Network Address Resolution
16 Jun 22
A content delivery method including the operations of receiving a uniform resource locator resolution request at an authoritative name server for a domain where the uniform resource resolution request is received based, at least in part, on a host name of the uniform resource resolution request where the host name is uniquely related to a resource associated with the uniform resource resolution request.