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 Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

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

Lumen Appoints Ian Cunningham as Vice President of Sales and Customer Success for EMEA

LONDON, April 12, 2021 – Lumen Technologies (NYSE: LUMN) has announced the appointment of Ian Cunningham as its new vice president of sales and customer success for Europe, Middle East and...

Part 1: What is ransomware and how it evolved

Just a few years ago, few companies had ever heard of ransomware. Today, it has become a cybersecurity scourge. This article, the first of a three-part series on this cybersecurity threat, explores what it is, how it evolved, and why […] The post Part 1: What is ransomware and how it evolved appeare…

T-Mobile’s Nationwide 5G network + the Lumen Edge Computing Platform = New choice and Flexibility for Enterprises

BELLEVUE, WA and DENVER, CO— April 6, 2021 — T-Mobile (NASDAQ: TMUS) and Lumen Technologies (NYSE: LUMN) today announced a strategic alliance that will leverage T-Mobile’s 5G mobile network...

Bridging the Miles: Enhancing Media Delivery from Core to Edge with Device-Side Intelligence

The internet’s IP backbone and the many CDN servers and consumer ISP networks connected to it play a vital role in bringing content to consumers. Over the years, however, our task of delivering rich, immersive media – whether it be […] The post Bridging the Miles: Enhancing Media Delivery from Core …

Newly Discovered Watering Hole Attack Targets Ukrainian, Canadian Organizations

Black Lotus Labs’ analysis has uncovered a cluster of compromised websites previously used in a series of watering hole attacks. Any visitors who browsed to one of the sites would unknowingly be infected and vulnerable to the threat actor stealing […] The post Newly Discovered Watering Hole Attack T…

Black Lotus Labs® releases threat intelligence report showing newly discovered watering hole attack that targeted Ukrainian, Canadian organizations

Black Lotus Labs, the threat intelligence arm of Lumen Technologies (NYSE: LUMN), today announced it has uncovered a cluster of compromised websites previously used in a series of watering hole...
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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, HD NET and Ascenty.

  • 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.