Level 3 Parent

Level 3 Parent (formerly Level 3 Communications) is an international communications company developing IP transit networks. The company offers fiber-based infrastructure and data center solutions, IP-based voice and data communications, wide-area Ethernet services, video and content distribution, security solutions, and cloud-based solutions.

Employee Rating

3More
TypeSubsidiary
Parent CompanyLumen
HQBroomfield, CO, US
Founded1998
Websitelevel3.com
Level 3 Parent was founded in 1998 and is headquartered in Broomfield, CO, US

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Level 3 Parent Office Locations

Level 3 Parent has offices in Broomfield, Albany, Albuquerque, Allen and in 137 other locations
Broomfield, CO, US (HQ)
1025 Eldorado Blvd
Albany, NY, US
Albany, NY, USA
Albuquerque, NM, US
Albuquerque, NM, USA
Allen, TX, US
Allen, TX, USA
Anderson, MO, US
Anderson, MO 64831, USA
Arlington, TX, US
Arlington, TX, USA
Show all (141)

Level 3 Parent Financials and Metrics

Summary Metrics

Founding Date

1998

Total Funding

$13.7 m

Investors

In total, Level 3 Parent had raised $13.7 m. Level 3 Parent is a subsidiary of Lumen

Level 3 Parent Revenue

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View revenue for all periods
Level 3 Parent's revenue was reported to be $7.93 b in FY, 2020
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

8.2b8.3b8.2b8.2b7.9b

Revenue growth, %

(1%)1%(1%)

Cost of goods sold

4.1b4.2b3.9b3.8b3.5b

Gross profit

4.1b4.1b4.3b4.4b4.4b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.0b2.1b2.1b2.1b2.1b2.0b2.0b2.0b2.1b2.0b1.9b1.9b

Cost of goods sold

1.0b1.0b1.0b998.0m980.0m976.0m967.0m919.0m960.0m876.0m

Gross profit

1.0b1.0b1.0b1.1b1.1b1.0b1.1b1.1b1.1b1.1b

Gross profit Margin, %

50%51%50%52%52%51%53%54%53%56%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.8b297.0m243.0m316.0m190.0m

Accounts Receivable

712.0m761.0m712.0m667.0m683.0m

Current Assets

2.7b3.1b3.0b2.8b2.6b

PP&E

10.1b9.4b9.5b9.9b10.5b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.9b1.1b2.3b259.0m282.0m188.0m217.0m228.0m1.2b239.0m1.5b256.0m

Accounts Receivable

712.0m707.0m750.0m729.0m748.0m715.0m699.0m771.0m718.0m737.0m793.0m730.0m

Prepaid Expenses

294.0m

Current Assets

2.8b3.0b3.1b3.1b3.1b3.0b3.0b3.1b3.8b2.8b4.0b2.8b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

677.0m284.0m341.0m(3.2b)651.0m

Depreciation and Amortization

1.2b1.3b1.7b1.6b1.7b

Accounts Payable

83.0m(67.0m)(37.0m)(134.0m)(218.0m)

Cash From Operating Activities

2.3b2.2b2.4b2.7b2.3b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

95.0m249.0m406.0m62.0m102.0m190.0m(3.6b)(3.5b)(3.4b)113.0m289.0m486.0m

Depreciation and Amortization

320.0m650.0m983.0m431.0m864.0m1.3b390.0m779.0m1.2b416.0m821.0m1.3b

Accounts Payable

42.0m(17.0m)(10.0m)(18.0m)(100.0m)(64.0m)(48.0m)(53.0m)(72.0m)22.0m5.0m(139.0m)

Cash From Operating Activities

539.0m1.1b1.8b571.0m1.0b1.6b483.0m1.1b1.8b395.0m1.2b1.9b
USDFY, 2016

Revenue/Employee

648.6k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x
Show all financial metrics

Level 3 Parent Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017FY, 2017FY, 2018

Countries

6060606060

Customers

52 k52 k52 k52 k52 k51 k51 k50 k49 k48 k47 k

Fiber Miles

64 k67 k69 k69 k

Markets

350350350350
Show all operating metrics

Level 3 Parent Revenue Breakdown

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Level 3 Parent revenue breakdown by business segment: 18.0% from Voice and Collaboration, 33.3% from Transport and Infrastructure, 48.6% from IP and Data Services and 0.1% from Other

Level 3 Parent revenue breakdown by geographic segment: 9.0% from Latin America, 9.1% from EMEA and 82.0% from North America

Level 3 Parent Online and Social Media Presence

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Level 3 Parent Company Culture

  • Overall Culture

    D-

    55/100

  • CEO Rating

    F

    45/100

  • Compensation

    D

    55/100

Learn more on Comparably

Level 3 Parent News and Updates

Cloud Content Delivery Network (Cdn) 2018 Global Market Key Players - Limelight Networks, Inc., Level 3 Communications, CacheFly, Fastly, Inc., Amazon Web Services, Inc.Google, Inc.......

Cloud Content Delivery Network (Cdn) – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Level 3 Parent Blogs

Everything must change: why disruption in the automotive industry means brands must transform to survive

The automotive industry is on the brink of enormous change. Regulatory, social and environmental pressures, along with evolving consumer demands, mean that traditional operating models are rapidly becoming unsustainable. After decades of a comparatively stable business model – selling internal… Read…

Business transformation: The journey to a dynamic, secure future

DDoS and ransomware attacks are no longer a matter of “IF” it is now “WHEN”. Consequently, there’s a question I always ask whenever talking to customers about access, whether it be Dedicated Internet Access, MPLS or some other connection. I […] The post Business transformation: The journey to a dyna…

8 ways to succeed in your first Capture the Flag (CTF)

Introduction Last August, Black Lotus Labs participated in the DEF CON Red Team Village CTF. If that sentence reads as gobbledygook to you, read on as we unpack it. This blog will introduce CTFs and related security concepts, then show […] The post 8 ways to succeed in your first Capture the Flag (C…

The Whole Is Greater Than the Sum of its Parts: Taking a Holistic Approach to the White House Cyber Executive Order

By delivering the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences, Lumen plays a critical role in the communications and technology ecosystem that can help protect the cybersecurity of all things. […] The post The Who…

Building a better sandwich and a better business solution

In the past year, many small to medium-sized businesses had to shift to new ways of managing their businesses. The ability to work from anywhere took on greater importance, and that meant data accessibility, application performance and integrated solutions were […] The post Building a better sandwic…

Lumen to Sell Latin American Business to Stonepeak for $2.7B

Lumen Technologies (NYSE: LUMN) and Stonepeak today announced the signing of a definitive agreement for Lumen to sell its Latin American business to Stonepeak, a leading alternative investment...
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Level 3 Parent Frequently Asked Questions

  • When was Level 3 Parent founded?

    Level 3 Parent was founded in 1998.

  • How many employees does Level 3 Parent have?

    Level 3 Parent has 11,300 employees.

  • What is Level 3 Parent revenue?

    Latest Level 3 Parent annual revenue is $7.9 b.

  • What is Level 3 Parent revenue per employee?

    Latest Level 3 Parent revenue per employee is $702 k.

  • Who are Level 3 Parent competitors?

    Competitors of Level 3 Parent include Akamai, Bifrost Communications and HD NET.

  • Where is Level 3 Parent headquarters?

    Level 3 Parent headquarters is located at 1025 Eldorado Blvd, Broomfield.

  • Where are Level 3 Parent offices?

    Level 3 Parent has offices in Broomfield, Albany, Albuquerque, Allen and in 137 other locations.

  • How many offices does Level 3 Parent have?

    Level 3 Parent has 141 offices.