secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000018926-23-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen posts $8.736B net loss in Q2, driven by $8.793B goodwill impairment
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- Net loss of $8.736B ($8.88 diluted loss per share); excludes $8.793B non-cash goodwill impairment.
- Revenue $3.661B, down 21% YoY; Mass Markets revenue fell 36% to $764M.
- Adjusted EBITDA excl. special items $1.229B, down 32% YoY from $1.811B.
- Free cash flow negative $896M, including $938M cash tax from divestitures.
- Deployed ~130k Quantum Fiber locations; Grow product revenue $1.138B, up slightly QoQ but down 5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000084/0000018926-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892623000084/lumn-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000018926-23-000084

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