Level 3 Parent Revenue

Level 3 Parent revenue was $8.19 b in FY, 2019

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Summary - Funding Rounds

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 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 Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.2b8.3b8.2b8.2b

Revenue growth, %

(1%)1%(1%)

Cost of goods sold

4.1b4.2b3.9b3.8b

Gross profit

4.1b4.1b4.3b4.4b

Gross profit Margin, %

50%49%52%54%

General and administrative expense

1.4b1.5b1.4b1.3b

Operating expense total

2.7b1.5b7.3b6.9b

Depreciation and amortization

1.3b1.3b1.7b1.6b

EBIT

1.4b1.3b968.0m(2.5b)

EBIT margin, %

18%16%12%(31%)

Interest expense

546.0m521.0m509.0m

Interest income

4.0m12.0m9.0m

Pre tax profit

842.0m786.0m537.0m(2.9b)

Income tax expense

165.0m502.0m196.0m255.0m

Net Income

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

Level 3 Parent Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

1.8b297.0m243.0m316.0m

Accounts Receivable

712.0m761.0m712.0m667.0m

Current Assets

2.7b3.1b3.0b2.8b

PP&E

10.1b9.4b9.5b9.9b

Goodwill

7.7b10.8b11.1b7.4b

Total Assets

24.9b33.1b32.3b29.1b

Accounts Payable

706.0m736.0m726.0m654.0m

Short-term debt

7.0m8.0m6.0m345.0m

Current Liabilities

1.5b1.4b1.8b2.4b

Long-term debt

10.9b10.9b10.8b11.2b

Total Debt

10.9b10.9b10.8b11.6b

Total Liabilities

12.5b

Common Stock

4.0m19.3b18.0b

Additional Paid-in Capital

19.8b

Retained Earnings

(8.5b)

Total Equity

10.9b19.3b17.9b13.5b

Debt to Equity Ratio

1 x0.6 x0.6 x

Debt to Assets Ratio

0.4 x0.3 x0.3 x

Financial Leverage

2.3 x1.7 x1.8 x2.1 x

Level 3 Parent Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

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

Depreciation and Amortization

1.2b1.3b1.7b1.6b

Accounts Receivable

31.0m(17.0m)46.0m21.0m

Accounts Payable

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

Cash From Operating Activities

2.3b2.2b2.4b2.7b

Purchases of PP&E

(1.3b)

Capital Expenditures

(1.3b)(1.3b)(1.0b)

Cash From Investing Activities

(1.3b)(3.1b)(904.0m)(1.1b)

Long-term Borrowings

(820.0m)(4.9b)(7.0m)(2.9b)

Dividends Paid

(1.1b)

Cash From Financing Activities

(56.0m)(599.0m)(1.6b)(1.5b)

Net Change in Cash

953.0m(1.5b)(59.0m)66.0m

Interest Paid

508.0m524.0m542.0m531.0m

Income Taxes Paid

35.0m59.0m33.0m(23.0m)

Free Cash Flow

1.0b896.0m1.4b

Level 3 Parent Ratios

USDFY, 2016

Revenue/Employee

648.6k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x

Level 3 Parent Operating Metrics

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

Buildings Connected

40.60 k41.40 k42.20 k42.90 k43.20 k43.90 k44.70 k45.35 k46.30 k47.20 k47.90 k

Countries

60 60 60 60 60

Customers

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

Data Centers

350 360 360 360

Fiber Miles

64 k67 k69 k69 k

Manufacturing Space, sq. ft.

8 m12.40 m

Markets

350 350 350 350

Patents Issued

1 k1 k1.40 k1.70 k1.80 k

Level 3 Parent Employee Rating

31261 votes
Culture & Values
2.9
Work/Life Balance
3.1
Senior Management
2.8
Salary & Benefits
3.3
Career Opportunities
2.9
Source