LUMN: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	12.40bn	13.11bn
Cost of revenue	6.64bn	6.70bn
Selling, general and administrative	3.20bn	2.97bn
Operating expenses	13.21bn	12.65bn
Operating income	−812m	460m
Pre-tax income	−2.72bn	−230m
Income tax	−977m	−175m
Net income	−1.74bn	−55m
Earnings per share	−1.75	−0.06
Earnings per share, diluted	−1.75	−0.06
Weighted average shares	995m	988m
Weighted average shares, diluted	995m	988m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	1.63bn	1.00bn	2.40bn	1.57bn	1.90bn	1.89bn	2.64bn	1.50bn
Receivables	1.60bn	1.31bn	1.26bn	1.27bn	1.18bn	1.23bn	1.23bn	1.29bn
Current assets	4.12bn	7.91bn	8.71bn	7.74bn	4.28bn	4.39bn	4.74bn	3.76bn
Property, plant and equipment	—	—	19.11bn	18.67bn	20.57bn	20.42bn	20.34bn	20.09bn
Goodwill	—	0	0	0	1.96bn	1.96bn	1.96bn	1.96bn
Total assets	30.62bn	34.34bn	34.29bn	32.98bn	33.54bn	33.50bn	33.99bn	32.94bn
Current liabilities	4.17bn	4.39bn	3.93bn	3.63bn	3.55bn	3.64bn	3.94bn	3.74bn
Long-term debt	12.93bn	17.35bn	17.58bn	17.57bn	17.33bn	17.49bn	18.14bn	18.41bn
Equity	−1.32bn	−1.12bn	−1.17bn	−595m	289m	464m	342m	466m
Shares outstanding	1.03bn	1.03bn	1.03bn	1.03bn	1.02bn	1.01bn	1.01bn	1.02bn
Shares issued	1.03bn	1.03bn	1.03bn	1.03bn	1.02bn	1.01bn	1.01bn	1.02bn

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	4.74bn	4.33bn
Depreciation and amortisation	2.75bn	2.96bn
Share-based compensation	48m	29m
Capital expenditure	4.37bn	3.23bn
Investing cash flow	−4.31bn	−2.83bn
Dividends paid	1m	3m
Share buybacks	—	0
Financing cash flow	−1.32bn	−1.85bn