secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0000018926-23-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen Q4 2022 net loss $3.07B on $3.27B goodwill impairment; appoints Kate Johnson CEO
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- Net loss $3.069B (diluted EPS -$3.08) includes $3.271B goodwill impairment; vs net income $508M (EPS $0.50) prior year.
- Excluding special items, adjusted diluted EPS $0.43 vs $0.51 prior year; Adjusted EBITDA $1.393B vs $2.088B.
- Appointed Kate Johnson as president and CEO; completed $7.5B ILEC divestiture to Apollo and announced $1.8B EMEA sale to Colt.
- Repurchased 33M shares for $200M; generated free cash flow $126M vs $776M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000008/0000018926-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000008/lumn-20230207.htm
  HTML page:      https://secwatch.observer/filing/0000018926-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer