Lumen Technologies Inc Capital Reinvestment Ratio
Lumen Technologies Inc capital reinvestment ratio. Lumen Technologies Inc (LUMN) has a Capital Reinvestment Ratio of 0.93x as of June 2026, meaning it reinvests 1% of its operating cash flow ($971.00 Million) in capital expenditures ($902.00 Million). See LUMN FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Lumen Technologies Inc (1989–2025)
Capital reinvestment ratio of Lumen Technologies Inc from 1989 to 2025. This chart tracks Lumen Technologies Inc's Capital Reinvestment Ratio across 37 annual periods. See financial agility of Lumen Technologies Inc to measure the company's free cash flow as a share of total liabilities.
Lumen Technologies Inc Capital Reinvestment Ratio by Year (1989–2025)
Lumen Technologies Inc capital reinvestment ratio by year from 1989 to 2025. For the full cash flow conversion analysis, see LUMN cash flow conversion.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.92x | $4.74 Billion | $4.37 Billion | ▲ +23.6% |
| 2024 | 0.75x | $4.33 Billion | $3.23 Billion | ▼ -48.0% |
| 2023 | 1.44x | $2.16 Billion | $3.10 Billion | ▲ +125.3% |
| 2022 | 0.64x | $4.74 Billion | $3.02 Billion | ▲ +42.8% |
| 2021 | 0.45x | $6.50 Billion | $2.90 Billion | ▼ -22.0% |
| 2020 | 0.57x | $6.52 Billion | $3.73 Billion | ▲ +5.2% |
| 2019 | 0.54x | $6.68 Billion | $3.63 Billion | ▲ +20.3% |
| 2018 | 0.45x | $7.03 Billion | $3.17 Billion | ▼ -43.6% |
| 2017 | 0.80x | $3.88 Billion | $3.11 Billion | ▲ +23.8% |
| 2016 | 0.65x | $4.61 Billion | $2.98 Billion | ▲ +16.0% |
| 2015 | 0.56x | $5.15 Billion | $2.87 Billion | ▼ -5.1% |
| 2014 | 0.59x | $5.19 Billion | $3.05 Billion | ▲ +7.1% |
| 2013 | 0.55x | $5.56 Billion | $3.05 Billion | ▲ +13.9% |
| 2012 | 0.48x | $6.07 Billion | $2.92 Billion | ▼ -16.1% |
| 2011 | 0.57x | $4.20 Billion | $2.41 Billion | ▲ +35.9% |
| 2010 | 0.42x | $2.04 Billion | $863.77 Million | ▼ -12.1% |
| 2009 | 0.48x | $1.57 Billion | $756.54 Million | ▲ +43.0% |
| 2008 | 0.34x | $853.30 Million | $286.82 Million | ▲ +6.2% |
| 2007 | 0.32x | $1.03 Billion | $326.05 Million | ▼ -15.3% |
| 2006 | 0.37x | $840.72 Million | $314.07 Million | ▼ -13.1% |
| 2005 | 0.43x | $964.74 Million | $414.87 Million | ▲ +6.7% |
| 2004 | 0.40x | $955.83 Million | $385.32 Million | ▲ +13.9% |
| 2003 | 0.35x | $1.07 Billion | $377.94 Million | ▼ -27.1% |
| 2002 | 0.49x | $795.40 Million | $386.27 Million | ▼ -36.2% |
| 2001 | 0.76x | $665.36 Million | $506.73 Million | ▼ -4.7% |
| 2000 | 0.80x | $562.47 Million | $449.54 Million | ▼ -20.5% |
| 1999 | 1.01x | $408.70 Million | $411.00 Million | ▼ -12.3% |
| 1998 | 1.15x | $467.80 Million | $536.50 Million | ▲ +88.2% |
| 1997 | 0.61x | $297.30 Million | $181.20 Million | ▼ -27.6% |
| 1996 | 0.84x | $264.70 Million | $222.90 Million | ▼ -7.6% |
| 1995 | 0.91x | $215.70 Million | $196.60 Million | ▼ -9.3% |
| 1994 | 1.01x | $199.80 Million | $200.80 Million | ▼ -17.9% |
| 1993 | 1.22x | $166.80 Million | $204.20 Million | ▲ +27.8% |
| 1992 | 0.96x | $146.30 Million | $140.10 Million | ▼ -6.0% |
| 1991 | 1.02x | $93.90 Million | $95.70 Million | ▲ +35.3% |
| 1990 | 0.75x | $86.80 Million | $65.40 Million | ▼ -29.7% |
| 1989 | 1.07x | $58.20 Million | $62.40 Million | — |