secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000018926-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen Q1 revenue $3.74B (-20% YoY); adjusted EBITDA -36%; FCF negative $75M
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- Revenue $3.738B, down 20% YoY; GAAP net income $511M ($0.52 EPS); adjusted EPS $0.10 vs $0.63.
- Adjusted EBITDA (excl. special items) $1.251B, -36% YoY; FCF (excl. special items) -$75M vs +$846M.
- Business Grow revenue $1.128B (+3% QoQ); Quantum Fiber added ~120k locations in Q1.
- Reduced debt by $620M via exchange offers; full-year 2023 cash tax outlook raised to $300-400M.
- FY 2023 guidance unchanged: Adj EBITDA $4.6-4.8B, FCF $0-200M, capex $2.9-3.1B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000047/0000018926-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000047/lumn-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000018926-23-000047

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