Lumen Technologies, a leading global technology and communications company, reported a decrease in consolidated operating revenue from $17.478 billion in 2022 to $14.557 billion in 2023, a 17% year-on-year decline. This reduction is primarily attributed to the divestitures of the company's Latin American, ILEC, and EMEA businesses. Despite these sales, the company's net cash provided by operating activities decreased by $2.575 billion, from $4.735 billion in 2022 to $2.160 billion in 2023. Lumen Technologies' capital expenditures are projected to be between $2.7 billion to $2.9 billion for 2024, with a focus on enhancing network efficiencies, new service developments, and expanding their fiber network, including the Quantum Fiber buildout plan. The company's future obligations include long-term debt of $20 billion and operating lease obligations of $1.5 billion. Lumen Technologies also participates in the Rural Digital Opportunity Fund (RDOF) program, receiving approximately $17 million in annual support payments. The company's market risk exposure includes $7.9 billion of unhedged floating rate debt and potential impacts from international currency exchange fluctuations.

Lumen Technologies, a leading global technology and communications company, reported a decrease in consolidated operating revenue from $17.478 billion in 2022 to $14.557 billion in 2023, a 17% year-on-year decline. This reduction is primarily attributed to the divestitures of the company's Latin American, ILEC, and EMEA businesses. Despite these sales, the company's net cash provided by operating activities decreased by $2.575 billion, from $4.735 billion in 2022 to $2.160 billion in 2023. Lumen Technologies' capital expenditures are projected to be between $2.7 billion to $2.9 billion for 2024, with a focus on enhancing network efficiencies, new service developments, and expanding their fiber network, including the Quantum Fiber buildout plan. The company's future obligations include long-term debt of $20 billion and operating lease obligations of $1.5 billion. Lumen Technologies also participates in the Rural Digital Opportunity Fund (RDOF) program, receiving approximately $17 million in annual support payments. The company's market risk exposure includes $7.9 billion of unhedged floating rate debt and potential impacts from international currency exchange fluctuations.