Level 3 Parent Revenue

Level 3 Parent revenue was $7.93 b in FY, 2020

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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, 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

Gross profit Margin, %

50%49%52%54%56%

General and administrative expense

1.4b1.5b1.4b1.3b1.2b

Operating expense total

2.7b1.5b7.3b6.9b3.3b

Depreciation and amortization

1.3b1.3b1.7b1.6b1.7b

EBIT

1.4b1.3b968.0m(2.5b)1.2b

EBIT margin, %

18%16%12%(31%)15%

Interest expense

546.0m521.0m509.0m

Interest income

4.0m12.0m9.0m

Pre tax profit

842.0m786.0m537.0m(2.9b)872.0m

Income tax expense

165.0m502.0m196.0m255.0m221.0m

Net Income

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

Level 3 Parent Balance Sheet

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

Goodwill

7.7b10.8b11.1b7.4b7.4b

Total Assets

24.9b33.1b32.3b29.1b28.6b

Accounts Payable

706.0m736.0m726.0m654.0m

Short-term debt

7.0m8.0m6.0m345.0m255.0m

Current Liabilities

1.5b1.4b1.8b2.4b2.4b

Long-term debt

10.9b10.9b10.8b11.2b11.5b

Total Debt

10.9b10.9b10.8b11.6b11.8b

Total Liabilities

12.5b

Common Stock

4.0m19.3b18.0b

Additional Paid-in Capital

19.8b

Retained Earnings

(8.5b)

Total Equity

10.9b19.3b17.9b13.5b12.9b

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 x2.2 x

Level 3 Parent Cash Flow

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 Receivable

31.0m(17.0m)46.0m21.0m(63.0m)

Accounts Payable

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

Cash From Operating Activities

2.3b2.2b2.4b2.7b2.3b

Purchases of PP&E

(1.3b)(1.4b)

Capital Expenditures

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

Cash From Investing Activities

(1.3b)(3.1b)(904.0m)(1.1b)(1.2b)

Long-term Borrowings

(820.0m)(4.9b)(7.0m)(2.9b)(2.1b)

Dividends Paid

(1.1b)(1.2b)

Cash From Financing Activities

(56.0m)(599.0m)(1.6b)(1.5b)(1.2b)

Net Change in Cash

953.0m(1.5b)(59.0m)66.0m(133.0m)

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

40.6 k41.4 k42.2 k42.9 k43.2 k43.9 k44.7 k45.35 k46.3 k47.2 k47.9 k

Countries

6060606060

Customers

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

Data Centers

350360360360

Fiber Miles

64 k67 k69 k69 k

Manufacturing Space, sq. ft.

8 m12.4 m

Markets

350350350350

Patents Issued

1 k1 k1.4 k1.7 k1.8 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