Company profile

Ticker
LVLT
Exchange
Employees
Incorporated in
Location
Fiscal year end
Former names
Kiewit Peter Sons Inc, Level 3 Communications Inc
SEC CIK
IRS number
470210602

Calendar

9 Aug 19
19 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 2.01B 2.05B 2.07B 2.01B
Net income 110M -3.59B 151M 88M
Diluted EPS
Net profit margin 5.46% -175% 7.29% 4.38%
Operating income 272M -3.39B 284M 227M
Net change in cash 11M -26M 55M -94M
Cash on hand 228M 217M 243M 188M
Cost of revenue 919M 967M 983M 976M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 8.22B 8.28B 8.17B 8.23B
Net income 341M 284M 677M 3.43B
Diluted EPS 1.87 9.58
Net profit margin 4.15% 3.43% 8.28% 41.71%
Operating income 968M 1.31B 1.44B 1.33B
Net change in cash -54M -1.52B 965M 274M
Cash on hand 243M 297M 1.82B 854M
Cost of revenue 3.94B 4.16B 4.35B

Financial data from company earnings reports

Financial report summary

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Competition
AT&TAT&TTelmexOrangeAkamaiVoipEquinixVoipLimelight NetworksZayo
Risks
  • Our failure to simplify our service support systems could adversely impact our competitive position.
  • We may not be able to compete successfully against current or future competitors.
  • Rapid technological changes could significantly impact our competitive and financial position.
  • Our failure to meet the evolving needs of our customers could adversely impact our competitive position.
  • We could experience difficulties in consolidating, integrating, updating and simplifying our technical infrastructure.
  • We could be harmed by security breaches or other significant disruptions or failures of networks, information technology infrastructure or related systems owned or operated by us.
  • Negative publicity may adversely impact us.
  • Market prices for many of our services have decreased in the past, and any similar price decreases in the future will adversely affect our revenue and margins.
  • Our future growth potential will depend in part on the continued development and expansion of the Internet.
  • Our failure to hire and retain qualified personnel could harm our business.
  • Increases in broadband usage may cause network capacity limitations, resulting in service disruptions, reduced capacity or slower transmission speeds for our customers.
  • We have been accused of infringing the intellectual property rights of others and will likely face similar accusations in the future, which could subject us to costly and time-consuming litigation or require us to seek third-party licenses.
  • We may not be successful in protecting and enforcing our intellectual property rights.
  • Our operations, financial performance and liquidity are materially reliant on various third parties.
  • Violating our government contracts could have other serious consequences.
  • Portions of our property, plant and equipment are located on property owned by third parties.
  • Our business customers may seek to shift risk to us.
  • Our international operations expose us to various regulatory, currency, tax, legal and other risks.
  • Certain of our international operations are conducted in countries or regions experiencing corruption or instability, which subjects us to heightened legal and economic risks.
  • We are exposed to currency exchange rate risks and currency transfer restrictions and our results may suffer due to currency translations and re-measurements.
  • We may not be able to dispose of assets or asset groups on terms that are attractive to us, or at all.
  • Unfavorable general economic conditions could negatively impact our operating results and financial condition.
  • Our consolidated revenue is concentrated in a relatively small number of customers.
  • We cannot assure you that our ultimate parent company, CenturyLink, will timely realize the anticipated benefits of the business combination with us.
  • The combination poses various risks to CenturyLink and us.
  • CenturyLink's combination with us raises other risks.
  • We operate in a highly regulated industry and are therefore exposed to restrictions on our operations and a variety of risks relating to such regulation.
  • Regulation of the Internet could limit our ability to operate our broadband business profitably and to manage our broadband facilities efficiently.
  • We may be liable for the material that content providers or distributors distribute over our network.
  • Our pending legal proceedings could have a material adverse impact on our financial condition and operating results and our ability to access the capital markets.
  • We are subject to franchising requirements that could impede our expansion opportunities or result in potential fines or penalties.
  • We are exposed to risks arising out of recent legislation affecting U.S. public companies.
  • Changes in any of the above-described laws or regulations may limit our ability to plan, and could subject us to further costs or constraints.
  • Our high debt levels expose us to a broad range of risks.
  • Subject to certain limitations, our current debt agreements and the debt agreements of our subsidiaries allow us to incur additional debt, which could exacerbate the other risks described in this report.
  • We expect to periodically require financing, and we cannot assure you that we will be able to obtain such financing on terms that are acceptable to us, or at all.
  • Any downgrade in the credit ratings of us or our affiliates could limit our ability to obtain future financing, increase our borrowing costs and adversely affect the market price of our existing debt securities or otherwise impair our business, financial condition and results of operations.
  • Our business requires us to incur substantial capital and operating expenses, which reduces our available free cash flow.
  • As a holding company, we rely on payments from our operating companies to meet our obligations.
  • Our current distribution practices could limit our ability to deploy cash for other beneficial purposes.
  • We cannot assure you whether, when or in what amounts we will be able to use our net operating loss carryforwards, or when they will be depleted.
  • We have lent money to CenturyLink, which exposes us to certain risks.
  • We face risks from natural disasters, which can disrupt our operations and cause us to incur substantial additional capital and operating costs.
  • Terrorist attacks and other acts of violence or war may adversely affect the financial markets and our business.
  • If conditions or assumptions differ from the judgments, assumptions or estimates used in our critical accounting policies or forward-looking statements, our consolidated financial statements and related disclosures could be materially affected.
  • We identified material weaknesses in our internal control over financial reporting as of December 31, 2018, and the occurrence of this or any other future material weakness or significant deficiencies could have a material adverse effect on us.
  • Lapses in disclosure controls and procedures or internal control over financial reporting could materially and adversely affect our operations, profitability or reputation.
  • If our goodwill or other intangible assets become impaired, we may be required to record a significant charge to earnings and reduce our member's equity.
  • The Tax Cuts and Jobs Act will have a substantial impact on us.
  • Additional changes in tax laws or tax audits could adversely affect us.
Management Discussion
  • Our analysis presented below is organized to provide the information we believe will be useful for understanding the relevant trends affecting our business. The discussion in MD&A is presented on a combined basis for the successor and predecessor periods in 2017. We believe that the discussion on a combined basis is more meaningful as it allows our 2018 results of operations to be more readily compared to our aggregate 2017 results of operations. This discussion should be read in conjunction with our consolidated financial statements and the notes thereto in Item 8 of this report.
  • From time to time, we may change the categorization of our products and services.
  • For more information, see "Products and Services" in Item I of this report.
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New words: accuracy, addressed, announced, conducted, disseminated, exited, formal, framework, hardware, hierarchy, identical, ineffective, Inline, misstatement, power, redeem, reliability, runoff, slightly, software, space, training, transformation, unobservable
Removed: merged, survived