Lumen Technologies, Inc.

Lumen Technologies reported a net loss of $1.74 billion for fiscal year 2025, driven by significant operating losses and substantial other expenses. Operating revenue was $12.40 billion, but total operating expenses reached $13.21 billion, resulting in an operating loss of $812 million. The company recorded a goodwill impairment of $628 million and interest expense of $1.28 billion. Despite the net loss, operating cash flow was strong at $4.74 billion, primarily due to a $2.67 billion increase in deferred revenue. The balance sheet shows total assets of $34.34 billion, with long-term debt of $17.35 billion and stockholders' deficit of $1.12 billion. Capital expenditures were $4.37 billion, and free cash flow was $370 million.

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