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SymbolPriceChange% Chg
CTL34.43-0.31-0.89%
Quotes are by IDC Comstock and are delayed 20 minutes.
Fund prices are from Morningstar.
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Check the Fair Value List tab for current updates to Fair Values!  Information is provided "as is", solely for informational purposes, not for trading purposes or advice.

Please read disclaimer - link at the bottom of this page

 
CenturyLink Inc -Entry target below-$28.1CTLCenturyLink, Inc. operates as an integrated telecommunications company in the United States. The company operates through four segments: Consumer, Business, Wholesale, and Data Hosting. It offers local and long distance calling services; broadband services; private line, dedicated internet access, and digital subscriber line services; and multi-protocol label switching, a data networking technology that delivers service to support real time voice and video. The company also provides hosting services, including centralized information technology infrastructure; and managed services comprising cloud and traditional computing, application management, back-up, and storage services, as well as planning, design, implementation, and support services. In addition, it offers collocation, Ethernet, and facilities-based video services; satellite digital television; voice over internet protocol services; wireless services under Verizon brand name; integrated services digital network services; wide area network services; and switched access services to wireline and wireless service providers. Further, the company provides data integration services, including the sale of telecommunications equipment to customers for use on their premises, as well as related professional services, such as network management, installation and maintenance of data equipment, and building of proprietary fiber-optic networks for governmental and other business customers. Additionally, CenturyLink, Inc. leases and subleases space in its office buildings, warehouses, and other properties. As of December 31, 2013, it operated approximately 13.0 million access lines in 37 states and served approximately 6.0 million broadband subscribers; and operated 55 data centers in North America, Europe, and Asia. The company was founded in 1968 and is based in Monroe, Louisiana.
This page Last Updated:3/19/2014 15:53PE HISTORY
Calculated Fair Value as of above date$36.2

Zacks | MorningStar

(based on yr end price)
Price as of last update given above$31.42

3 | 4

fiscal yearPE 
Current discount at time of update13.2%20098.3 
Tangible book value/share per IIEX calcs($19.17)201011.7 
Market Cap (million)$18,576201129.7 
Forward diluted shares used in calcs (million)585.3201228.5 
Diviidend yield6.88%2013NA. 
Payout to FCF43%current-76.93/19/2014
Estimated 5 year EPS growth (see below)0.00%Forward12.83/19/2014
Current PENA.   
Fair Value PE14.8Past 5 yr Growth Rates
Projected FCF growth0.0%Revenue39.6%
Projected FCF growth after year 102.0%Op. Income9.7%
DCF discount10%FCF33.7%
DCF MOS30.0%  
Earnings-Projected or adjusted$2.45Check the Value Calcs tab for any updates in fair values and target prices made after this page was last updated.
52 Week Range27.93-38.40
Current Ratio0.89
Liab./ Equity2.01
Piotroski Score (last year| TTM)6 | 6
Altman Z Score (non-manufacturer)1.301.00Below numbers in millions
  Quarterly data below the yearly dataFiscal year ends - Dec
PAST DATA USED02004200520062007200820092010201120122013TTM
Income Statement-Selected financialsNA=not available at update0000012/30/200912/30/201012/30/201112/30/201212/30/2013

0

  Revenues

Revenue

$2,407.0

$2,479.0

$2,448.0

$2,656.0

$2,600.0

$4,974.0

$7,042.0

$15,351.0

$18,376.0

$18,095.0

$18,095.0

COGS

$755.0

$822.0

$889.0

$937.0

$956.0

$1,752.0

$2,544.0

$6,325.0

$7,639.0

$7,507.0

$7,507.0

COGS (%)

31.4%

33.2%

36.3%

35.3%

36.8%

35.2%

36.1%

41.2%

41.6%

41.5%

41.5%

Gross Profit

$1,652.0

$1,657.0

$1,559.0

$1,719.0

$1,644.0

$3,222.0

$4,498.0

$9,026.0

$10,737.0

$10,588.0

$10,588.0

Gross Profit (%)

68.6%

66.8%

63.7%

64.7%

63.2%

64.8%

63.9%

58.8%

58.4%

58.5%

58.5%

  Operating Income

Operating Income

$754.0

$736.0

$666.0

$793.0

$721.0

$1,233.0

$2,060.0

$2,025.0

$2,713.0

$1,453.0

$1,453.0

Operating Income (%)

31.3%

29.7%

27.2%

29.9%

27.7%

24.8%

29.3%

13.2%

14.8%

8.0%

8.0%

  Other Income and
  Expense

Net i Inc,other &charges

($211.0)

($202.0)

($196.0)

($213.0)

($202.0)

($370.0)

($544.0)

($1,072.0)

($1,319.0)

($1,298.0)

($1,298.0)

Earnings Before Taxes

$547.0

$736.0

$591.0

$619.0

$561.0

$815.0

$1,531.0

$948.0

$1,250.0

$224.0

$224.0

Income Taxes

$210.0

$402.0

$221.0

$201.0

$195.0

$168.0

$583.0

$375.0

$473.0

$463.0

$463.0

Earnings After Taxes

$337.0

$334.0

$370.0

$418.0

$366.0

$647.0

$948.0

$573.0

$777.0

($239.0)

($239.0)

  Net Income

Net Income

$337.0

$334.0

$370.0

$418.0

$366.0

$647.0

$948.0

$573.0

$777.0

($239.0)

($239.0)

Net Income (%)

14.0%

13.5%

15.1%

15.7%

14.1%

13.0%

13.5%

3.7%

4.2%

-1.3%

-1.3%

Diluted EPS

$2.37

$2.45

$3.03

$3.70

$3.56

$3.25

$3.15

$1.07

$1.25

($0.40)

($0.41)

Diluted EPS 

$2.37

$2.45

$3.03

$3.70

$3.56

$3.25

$3.15

$1.07

$1.25

($0.40)

($0.41)

Shares Outstanding (Diluted)

142

136

122

113

103

199

301

534

622

601

585

Balance Sheet

0

 $               - 

 $               - 

 $               - 

 $               - 

 $                - 

 $                  - 

 $                  - 

 $                  - 

 $                  - 

 $                  - 

 $                  - 

  Assets

Cash and Equiv

$167.0

$159.0

$26.0

$34.0

$243.0

$162.0

$173.0

$128.0

$211.0

$168.0

$168.0

Short-Term Investments

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

Accts Rec

$233.0

$237.0

$227.0

$223.0

$230.0

$801.0

$815.0

$1,977.0

$1,959.0

$1,977.0

$1,977.0

Inventory

$5.0

$7.0

$7.0

$9.0

$9.0

$36.0

$33.0

$0.0

$0.0

$0.0

$172.0

Other Current Assets

$15.0

$20.0

$30.0

$26.0

$73.0

$125.0

$122.0

$1,412.0

$1,468.0

$1,762.0

$1,762.0

Total Current Assets

$420.0

$423.0

$290.0

$292.0

$555.0

$1,124.0

$1,143.0

$3,517.0

$3,638.0

$3,907.0

$3,907.0

Net PP&E

$3,341.0

$3,304.0

$3,109.0

$3,108.0

$2,896.0

$9,097.0

$8,754.0

$19,444.0

$18,909.0

$18,646.0

$34,307.0

Intangibles/Goodwill

$3,434.0

$3,433.0

$3,431.0

$4,011.0

$4,803.0

$12,342.0

$12,140.0

$32,214.0

$30,597.0

$28,411.0

$28,411.0

Other Long-Term Assets

$602.0

$603.0

$611.0

$774.0

$0.0

$0.0

$1.0

$869.0

$796.0

$823.0

($14,838.0)

Total Assets

$7,797.0

$7,763.0

$7,441.0

$8,185.0

$8,254.0

$22,563.0

$22,038.0

$56,044.0

$53,940.0

$51,787.0

$51,787.0

  Liabilities & Equity

Accounts Payable & Accrued Expenses

$391.0

$455.0

$416.0

$426.0

$381.0

$758.0

$563.0

$2,964.0

$2,748.0

$2,887.0

$2,887.0

Curr. Portion:Long-Term Debt

$250.0

$277.0

$178.0

$280.0

$20.0

$500.0

$12.0

$480.0

$1,205.0

$785.0

$785.0

Other Short-Term Liabilities

$51.0

$15.0

$23.0

$31.0

$57.0

$449.0

$436.0

$573.0

$642.0

$737.0

$737.0

Total Current Liabilities

$692.0

$746.0

$618.0

$737.0

$458.0

$1,707.0

$1,011.0

$4,017.0

$4,595.0

$4,409.0

$4,409.0

Long-Term Debt

$2,762.0

$2,376.0

$2,413.0

$2,734.0

$3,294.0

$7,254.0

$7,316.0

$21,356.0

$19,400.0

$20,181.0

$20,181.0

Other Long-Term Liabilities

$934.0

$353.0

$547.0

$494.0

$136.0

$399.0

$395.0

$1,189.0

$1,248.0

$1,204.0

$1,204.0

Total Liabilities

$4,387.0

$4,145.0

$4,250.0

$4,775.0

$5,091.0

$13,102.0

$12,397.0

$35,217.0

$34,651.0

$34,596.0

$34,596.0

Total Equity

$3,410.0

$3,618.0

$3,191.0

$3,410.0

$3,163.0

$9,461.0

$9,641.0

$20,827.0

$19,289.0

$17,191.0

$17,191.0

Total Liabilities & Equity

$7,797.0

$7,763.0

$7,441.0

$8,185.0

$8,254.0

$22,563.0

$22,038.0

$56,044.0

$53,940.0

$51,787.0

$51,787.0

Cash Flow Data

0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

$0.0

  Cash Flows From
  Operating Activities

Net Income

$337.0

$334.0

$370.0

$418.0

$366.0

$647.0

$948.0

$573.0

$777.0

($239.0)

($239.0)

Depr & Amort

$501.0

$532.0

$524.0

$536.0

$524.0

$975.0

$1,434.0

$4,026.0

$4,780.0

$4,541.0

$4,541.0

Other

$118.0

$101.0

($53.0)

$76.0

($37.0)

($48.0)

($337.0)

($398.0)

$508.0

$1,257.0

$1,257.0

Cash from Operations

$956.0

$967.0

$841.0

$1,030.0

$853.0

$1,574.0

$2,045.0

$4,201.0

$6,065.0

$5,559.0

$5,559.0

  Cash Flows From
  Investing Activities

Cap Ex

($385.0)

($411.0)

($308.0)

($318.0)

($435.0)

($755.0)

($864.0)

($2,411.0)

($2,728.0)

($2,968.0)

($2,968.0)

Other

($28.0)

($73.0)

$114.0

($301.0)

$46.0

$76.0

$5.0

($1,236.0)

$38.0

($180.0)

($180.0)

Cash from Investing

($413.0)

($484.0)

($194.0)

($619.0)

($389.0)

($679.0)

($859.0)

($3,647.0)

($2,690.0)

($3,148.0)

($3,148.0)

  Cash Flows From
  Financing Activities

Net Issuance of Stock

($372.0)

($103.0)

($704.0)

($411.0)

($333.0)

$41.0

$113.0

$72.0

$73.0

($1,513.0)

($1,513.0)

Net Issuance of Debt

($179.0)

($349.0)

($59.0)

$29.0

$278.0

($453.0)

($426.0)

$1,030.0

($1,213.0)

$376.0

$376.0

Dividends

($32.0)

($32.0)

($29.0)

($29.0)

($220.0)

($561.0)

($879.0)

($1,556.0)

($1,811.0)

($1,301.0)

($1,301.0)

Other

$4.0

($7.0)

$12.0

$9.0

$20.0

($4.0)

$17.0

($123.0)

($344.0)

($16.0)

($16.0)

Cash from Financing

($578.0)

($492.0)

($780.0)

($402.0)

($255.0)

($976.0)

($1,175.0)

($577.0)

($3,295.0)

($2,454.0)

($2,454.0)

  Free Cash Flow

Currency Adj

($1.0)

$1.0

$0.0

$0.0

$0.0

($1.0)

$0.0

($22.0)

$3.0

$0.0

$0.0

Change in Cash

($36.0)

($8.0)

($133.0)

$9.0

$209.0

($82.0)

$11.0

($45.0)

$83.0

($43.0)

($43.0)

Cash from Operations

$956.0

$967.0

$841.0

$1,030.0

$853.0

$1,574.0

$2,045.0

$4,201.0

$6,065.0

$5,559.0

$5,559.0

Cap Ex

($385.0)

($411.0)

($308.0)

($318.0)

($435.0)

($755.0)

($864.0)

($2,411.0)

($2,728.0)

($2,968.0)

($2,968.0)

Free Cash Flow

$571.0

$556.0

$533.0

$712.0

$418.0

$819.0

$1,181.0

$1,790.0

$3,337.0

$2,591.0

$2,591.0

Misc Data

Book Value Per Share

$24.00

$26.58

$26.11

$30.15

$30.74

$47.52

$32.00

$38.99

$31.00

$28.61

$29.37

Div/Share

($0.23)

($0.24)

($0.24)

($0.26)

($2.14)

($2.82)

($2.92)

($2.91)

($2.91)

($2.17)

($2.22)

Year end stock price

$21.26

$20.73

$27.42

$26.21

$17.95

$26.88

$36.91

$31.89

$35.56

$31.42

$31.42

Year End PE

9.0

8.4

9.1

7.1

5.0

8.3

11.7

29.7

28.5

NA.

NA.

Free Cash Flow %Revenue

23.7%

22.4%

21.8%

26.8%

16.1%

16.5%

16.8%

11.7%

18.2%

14.3%

14.3%

Quarterly Income Statement

 

Dec13

Sep13

Jun13

Mar13

 

 

 

 

 

 

 

  Revenues

Revenue

$4,542.0

$4,515.0

$4,525.0

$4,513.0

 

 

 

 

 

 

 

COGS

$1,920.0

$1,918.0

$1,873.0

$1,796.0

 

Metric paths as of last update

Gross Profit

$2,622.0

$2,597.0

$2,652.0

$2,717.0

 

Equity/ Share Path

FCF/ Share Path

Diluted EPS Path

Gross Margin Path

Rev/ Share Path

EBITDA/ Share Path

  Operating Expenses

SG&A

$0.0

$0.0

$0.0

$0.0

 

R&D

$0.0

$0.0

$0.0

$0.0

 

FLAT

FLAT

FLAT

FLAT

UP

FLAT

Other

$1,981.0

$3,282.0

$1,937.0

$1,935.0

 

 

 

 

 

 

 

Operating Income

$641.0

($685.0)

$715.0

$782.0

 

 

 

 

 

 

 

  Other Income and
  Expense

Net Int Inc & Other

($328.0)

($329.0)

($325.0)

($316.0)

 

 

 

 

 

 

 

Earnings Before Taxes

$330.0

($1,005.0)

$394.0

$505.0

 

 

 

 

 

 

 

Income Taxes

$91.0

$40.0

$125.0

$207.0

 

 

 

 

 

 

 

Earnings After Taxes

$239.0

($1,045.0)

$269.0

$298.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Cash Flow Data

 

Dec13

Sep13

Jun13

Mar13

Dec12

 

 

 

 

 

 

  Cash From Operations
  Operating Activities

Cash Flow from Operations

$1,151.0

$1,552.0

$1,469.0

$1,387.0

$1,379.0

 

 

 

 

 

 

  Cash Flows From
  Investing Activities

Purchase Of Property, Plant, Equipment

($757.0)

($1,548.0)

$0.0

($663.0)

($704.0)

 

 

 

 

 

 

Other

($274.0)

$743.0

($728.0)

$79.0

($123.0)

 

 

 

 

 

 

Cash Flow from Investing

($1,031.0)

($805.0)

($728.0)

($584.0)

($827.0)

 

 

 

 

 

 

  Cash Flows From
  Financing Activities

Net Issuance of Stock

($315.0)

($371.0)

($443.0)

($384.0)

$2.0

 

 

 

 

 

 

Net Issuance of Debt

$425.0

$4.0

($240.0)

$187.0

($50.0)

 

 

 

 

 

 

Cash Flow for Dividends

($315.0)

($325.0)

($320.0)

($341.0)

($454.0)

 

 

 

 

 

 

Other Financing

($13.0)

($3.0)

$0.0

$0.0

($34.0)

 

 

 

 

 

 

Cash Flow from Financing

($218.0)

($695.0)

($1,003.0)

($538.0)

($536.0)

 

 

 

 

 

 

 

Currency Adj.

$0.0

$0.0

$0.0

$0.0

$1.0

 

 

 

 

 

 

Net Change in Cash

($98.0)

$52.0

($262.0)

$265.0

$17.0

 

 

 

 

 

 

Net Income

$239.0

($1,045.0)

$269.0

$298.0

$233.0

 

 

 

 

 

 

  Free Cash Flow

FCF

$394.0

$4.0

$1,469.0

$724.0

$675.0

 

 

 

 

 

 

FCF/Share

$0.67

$0.01

$2.51

$1.24

$1.15

             
Additional analysis information - see notes below           
Earnings Growth information Year3yr op income average (y)Operating income (y)Diluted EPS - cont. ops.  Year3yr op income average (y)Operating income (y)Diluted EPS - cont. ops. 
 20067196663.0310 year trend data 20067196663.03Actural
 20077327933.70 20077327933.70
 20087277213.56 20087277213.56
 200991612333.25 200991612333.25
 2010133820603.15 2010133820603.15
 2011177320251.075 year trend data2011177320251.07
 2012226627131.252012226627131.25
calculates the statistics for a trend line by using the "least squares" method to calculate a straight line that best fits the data, and then returns an array that describes the trend line. Projections are an extension of the historical data based on 10 and 5 year trends. Also applies to the FCF section.201320641453-0.40201320641453-0.40
2014192416052.562014192416052.56Estimates
2015154815872.53EPS based on %USED2015154815872.53
2016158215552.48             $2.482016158215552.48Projections
2017154514922.38             $2.482017154514922.38
2018184524873.85             $2.48201813118841.41
2019220026213.93             $2.48201910216861.09
 10 year analysis9.16%7.83%1.93%  5 year analysis-11.90%-15.64%-15.64%Blended 10 & 5 yr EPS
   From MSN or NASDAQ0.10%From Yahoo-1.00%USED0.00% -6.86%
        
FCF & operating cash Growth information Year10 yr FCF trend projection5 yr FCF trend projection3 yr FCF trend projection  Year10 yr op cash trend projection5 yr op cash trend projection3 yr op cash trend projection 
 Actual Data2004571571571Actual Data2004956956956 
 20055565565562005967967967 
 20065335335332006841841841 
 20077127127122007103010301030 
 20084184184182008853853853 
 20098198198192009157415741574 
 20101181118111812010204520452045 
 201117901790179020114201420142012013-2017
 20123337333733372012606560656065Blended
 2013295029502950FCF USED20135559555955593.47%
Manual are projections from research not the least squares method as decscribed aboveAdjusted2014295029502950Manual20145800580058002014-2017
Manual20152290229022902290Possible projections2015580058005800Blended
 20163441284720702290201669048519690812.03%
Projections201737583807276822902017750293717337 
  Calc FCF Growth10 yr calc5 yr calc3yr calc  Calc Op.Cash Growth10 yr calc5 yr calc3yr calcAve weighting
  18.10%2.67%-2.10% 21.97%9.09%8.14%10.76%
 Adjusted Trend0.00%0.00%USED0.00% 2013-20177.78%13.95%7.18% 
FCF & operating cash Growth information per share Year10 yr FCF trend projection5 yr FCF trend projection3 yr FCF trend projection  Year10 yr op cash trend projection5 yr op cash trend projection3 yr op cash trend projection 
 20044.024.024.02Actual Data20046.736.736.73 
 20054.094.094.0920057.117.117.11 
 20064.364.364.3620066.886.886.88 
 20076.306.306.3020079.119.119.11 
 20084.064.064.0620088.298.298.29 
 20094.114.114.1120097.917.917.91 
 20103.923.923.9220106.796.796.79 
 20113.353.353.3520117.877.877.87 
 20125.365.365.3620129.759.759.75 
 20134.914.914.9120139.259.259.25 
 20145.045.045.042014-201720149.919.919.912014-2017
 20153.873.873.873.57%20159.819.819.8110.92%
 20165.764.773.472013-2017201611.5614.2611.572013-2017
 20176.236.314.593.37%201712.4415.5312.1610.04%
 Proj FCF Growth10 yr calc5 yr calc3yr calcAveProj Op.Cash Growth10 yr calc5 yr calc3yr calcAve
  -0.10%3.31%-3.09%-0.46% 3.16%9.77%7.06%7.31%
The USED earnings and FCF growthrates are determined based on several sources which may include but may not be limited to the percentages generated through the model (used as a starting point) various third party analyst reports, conference call transcripts, etc.