https://finance.yahoo.com/news/lumen-technologies-reports-first-quarter-200100575.html
Drove Business product Grow revenue of $1.128 billion for the first quarter 2023, compared to Grow revenue of $1.091 billion for the fourth quarter 2022. These results showed a significant improvement from the first quarter 2022 when considering the impacts of our divested businesses
Increased our Quantum Fiber-enabled location pacing, deploying approximately 120 thousand fiber locations during the first quarter 2023
Reduced our principal debt balance by $620 million through exchange offers for Lumen senior notes
Reported Net Income of $511 million for the first quarter 2023, compared to reported Net Income of $599 million for the first quarter 2022
Reported diluted earnings per share of $0.52 for the first quarter 2023, compared to diluted earnings per share of $0.59 for the first quarter 2022. Excluding Special Items, Diluted EPS was $0.10 per share for the first quarter 2023, compared to $0.63 per share for the first quarter 2022
Generated Adjusted EBITDA of $1.251 billion1 for the first quarter 2023, compared to $1.966 billion1 for the first quarter 2022, excluding the effects of Special Items of $114 million and $52 million, respectively
Reported Net Cash Provided by Operating Activities of $595 million for the first quarter 2023
Generated negative Free Cash Flow of $(75) million2 for the first quarter 2023, compared to positive $846 million for the first quarter 2022, excluding cash paid for Special Items of $(30) million and $48 million, respectively