ADDED
The aggregate market value of the voting stock held by non-affiliates as of June 30, 2025 was $ 4.4 billion.
Management's Discussion and Analysis of Financial Condition and Results of Operations 39 Overview 40 Results of Operations 42 Segment Results 45 Liquidity and Capital Resources 49 Critical Accounting Estimates 58 Item 7A.
Form 10-K Summary 171 Signatures 172 2 Table o f Contents References in this report on Form 10-K, for all periods presented, to "Lumen Technologies, Inc.," "Lumen Technologies" or "Lumen," "we," "us," the "Company" and "our" refer to Lumen Technologies, Inc.
PART I Special Note Regarding Forward-Looking Statements This report and other documents filed by us under the federal securities laws include, and future oral or written statements by us and our management may include "forward-looking" statements about our business, financial condition, operating results, or prospects within the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve substantial risks and uncertainties.
These statements include, among others: forecasts of our anticipated future results of operations, cash flows or financial position; statements concerning our completed, pending or proposed transactions, including with respect to the sale of our Mass Markets Fiber-to-the-Home business in 11 states (Arizona, Colorado, Florida, Idaho, Iowa, Minnesota, Nebraska, Nevada, Oregon, Utah, and Washington) (the "Territory") to a wholly owned subsidiary of AT T Inc.
These forward-looking statements, and the assumptions upon which they are based, (i) are not guarantees of future results and are based on current expectations only, (ii) are inherently speculative, and (iii) are subject to a number of risks and uncertainties, many of which are beyond our control.
These factors include, but are not limited to, the "Risk Factors" section of this Annual Report on Form 10-K, other portions of this report or other of our filings with the U.S.
BUSINESS Business Overview We are a leading digital networking services company, empowering enterprise businesses to fuel growth in a multi-cloud, AI-first marketplace by connecting people, data, and applications quickly, securely, and effortlessly.
We are unleashing the world's digital potential by providing a broad array of integrated products and services to our customers.
REMOVED
The aggregate market value of the voting stock held by non-affiliates as of June 30, 2024 was $ 1.1 billion.
Management's Discussion and Analysis of Financial Condition and Results of Operations 40 O verview 40 R esults of Operations 43 S egment Results 47 Critical Accounting Policies and Estimates 51 L iquidity and Capital Resources 55 M arket Risk 62 Item 7A.
PART I Special Note Regarding Forward-Looking Statements This report and other documents filed by us under the federal securities law include, and future oral or written statements or press releases by us and our management may include, forward-looking statements about our business, financial condition, operating results or prospects.
These "forward-looking" statements are defined by, and are subject to the "safe harbor" protections under, the federal securities laws.
These forward-looking statements, and the assumptions upon which they are based, (i) are not guarantees of future results, (ii) are inherently speculative and (iii) are subject to a number of risks and uncertainties.
BUSINESS Business Overview and Purpose We are a networking company with the goal of connecting people, data, and applications quickly, securely and effortlessly.
We are unleashing the world's digital potential by providing a broad array of integrated products and services to our domestic and global Business customers and our domestic Mass Markets customers.
With approximately 163,000 fiber on-net buildings and 340,000 route miles of fiber optic cable globally, we are among the largest providers of communications services to domestic and global enterprise customers.
As further discussed immediately below under the heading Acquisitions and Divestitures, we sold (i) both our Latin American business and a portion of our incumbent local exchange carrier ("ILEC") business during 2022 and (ii) our business conducted in Europe, the Middle East and Africa ("EMEA") during 2023.
For a discussion of certain risks applicable to our business, see Risk Factors in Item 1A of Part I of this report.