![]() 2, 2022 /PRNewswire/ - Lumen Technologies, Inc. ![]() Completed the $7.5 billion divestiture of its 20-state ILEC business to Apollo on Oct.Announced today that it had entered into an exclusive arrangement for the proposed sale of its EMEA business to Colt Technology Services for $1.8 billion.Investing in growth initiatives while remaining relatively net leverage neutral. ![]() Authorized an up to $1.5 billion, two-year share repurchase program.Eliminated stock dividend, there will be no dividend paid in the fourth quarter of 2022.Generated Free Cash Flow of $620 million for the third quarter 2022, compared to $1.072 billion for the third quarter 2021, excluding cash paid for Special Items of $342 million and $32 million, respectively.Reported Net Cash Provided by Operating Activities of $1.123 billion for the third quarter 2022.Generated Pro Forma 1 Adjusted EBITDA of $1.659 billion for the third quarter 2022, compared to $1.872 billion for the third quarter 2021, excluding the effects of Special Items of $(527) million and $(31) million, respectively.Generated Adjusted EBITDA of $1.688 billion for the third quarter 2022, compared to $2.078 billion for the third quarter 2021, excluding the effects of Special Items of $(527) million and $(31) million, respectively.Excluding Special Items, Diluted EPS of $0.14 per share for the third quarter 2022, compared to $0.49 per share for the third quarter 2021 Diluted EPS of $0.57 for the third quarter 2022, compared to $0.51 per share for the third quarter 2021.Reported Net Income of $578 million for the third quarter 2022, compared to reported Net Income of $544 million for the third quarter 2021.Updated guidance for the full year 2022 for free cash flow and capital expenditures.Completed the $2.7 billion divestiture of its Latin American business to Stonepeak on Aug.
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