secwatch.observer — SEC 8-K summary
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Issuer:     Lumen Technologies, Inc. (LUMN)
CIK:        0000018926
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000018926-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lumen Q4 revenue down 7% to $3.5B; adj EPS $0.08; announces ~$9B debt restructuring
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- Q4 revenue $3.5B (-7% YoY); net loss $(2.0)B incl. $1.9B goodwill impairment; adj EPS $0.08 vs $0.43.
- Full year 2023 revenue $14.6B (-17% YoY); adj EBITDA $4.63B (-33% YoY); FCF negative $(878)M vs positive $2.26B.
- Announced debt restructuring to address ~$9B of maturities, covering >77% of debt due through 2027.
- Completed $1.8B EMEA divestiture; net debt reduced by $1.6B in 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18926/000001892624000008/0000018926-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18926/000001892624000008/lumn-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000018926-24-000008

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