MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is listed on the New York Stock Exchange ("NYSE") and the Berlin Stock Exchange and is traded under the symbol CTL and CYT, respectively.
+Added: Our common stock is listed on the New York Stock Exchange ("NYSE") and the Berlin Stock Exchange and is traded under the symbol LUMN and CYTH, respectively.
At February 23, 2021, there were approximately 89,000 stockholders of record, although there were significantly more beneficial holders of our common stock.
4 unchanged sentences
Shares Withheld
−Removed: Average Price Paid
+Added: for Taxes Average Price Paid
+Added: October 2020 30,741 $ 10.12
November 2020 165,096 9.00
December 2020 13,514 10.59
+Added: Total 209,351
Equity Compensation Plan Information
1 unchanged sentence
SELECTED FINANCIAL DATA
−Removed: The following tables of selected consolidated financial data should be read in conjunction with, and are qualified by reference to, our consolidated financial statements and notes thereto in Item 8 of Part II and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 of Part II of this report.
−Removed: The tables of selected financial data shown below are derived from our audited consolidated financial statements, which include the operating results, cash flows and financial condition of Level 3 beginning November 1, 2017.
−Removed: These historical results are not necessarily indicative of results that you can expect for any future period.
−Removed: The following table summarizes selected financial information from our consolidated statements of operations.
−Removed: Years Ended December 31, (1)
−Removed: 2019 (2)(3)(4)
−Removed: 2018 (2)(3)(4)(5)
−Removed: 2017 (3)(4)(5)
−Removed: (Dollars in millions, except per share amounts
−Removed: and shares in thousands)
−Removed: Operating revenue
−Removed: Operating expenses
−Removed: Operating (loss) income
−Removed: (Loss) income before income tax expense
−Removed: Net (loss) income
−Removed: Basic (loss) earnings per common share
−Removed: Diluted (loss) earnings per common share
−Removed: Dividends declared per common share
−Removed: Weighted average basic common shares outstanding
−Removed: Weighted average diluted common shares outstanding
−Removed: _______________________________________________________________________________
−Removed: See "Management's Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations" in Item 7 of Part II of this report and in our preceding annual reports on Form 10-K for a discussion of unusual items affecting the results for each of the years presented.
−Removed: During 2019 and 2018, we recorded non-cash, non-tax-deductible goodwill impairment charges of $6.5 billion and $2.7 billion , respectively.
−Removed: During 2019, 2018, 2017 and 2016, we incurred Level 3 acquisition-related expenses of $234 million , $393 million , $271 million and $52 million , respectively.
−Removed: For additional information, see "Management's Discussion and Analysis of Financial Condition and Results of Operations—Acquisition of Level 3" and Note 2—Acquisition of Level 3 to our consolidated financial statements in Item 8 of Part II of this report.
−Removed: During 2019, 2018, 2017, 2016 and 2015, we recognized an incremental $157 million , $171 million , $186 million , $201 million and $215 million, respectively, of revenue associated with the Federal Communications Commission ("FCC") Connect America Fund Phase II support program, as compared to revenue received under the previous interstate USF program.
−Removed: The enactment of the Tax Cuts and Jobs Act in December 2017 resulted in a re-measurement of our deferred tax assets and liabilities at the new federal corporate tax rate of 21%.
−Removed: The re-measurement resulted in tax expense of $92 million for 2018 and a tax benefit of approximately $1.1 billion for 2017.
−Removed: Selected financial information from our consolidated balance sheets is as follows:
−Removed: As of December 31,
−Removed: (Dollars in millions)
−Removed: Net property, plant and equipment (1)
−Removed: Goodwill (1)(2)
−Removed: Total assets (3)(4)
−Removed: Total long-term debt (3)(5)
−Removed: Total stockholders' equity
−Removed: _______________________________________________________________________________
−Removed: During 2016, as a result of our then pending sale of a portion of our colocation business and data centers, we reclassified $1.1 billion in net property, plant and equipment and $1.1 billion of goodwill to assets held for sale which is included in other current assets on our consolidated balance sheet.
−Removed: See Note 3—Sale of Data Centers and Colocation Business to our consolidated financial statements in Item 8 of Part II of this report, for additional information.
−Removed: During 2019 and 2018, we recorded non-cash, non-tax-deductible goodwill impairment charges of $6.5 billion and $2.7 billion , respectively.
−Removed: In 2015, we adopted both ASU 2015-03 "Simplifying the Presentation of Debt Issuance Costs" and ASU 2015-17 "Balance Sheet Classification of Deferred Taxes" by retrospectively applying the requirements of the ASUs to our previously issued consolidated financial statements.
−Removed: In 2019, we adopted ASU 2016-02 "Leases (ASC 842)" by using the non-comparative transition option pursuant to ASU 2018-11.
−Removed: Therefore, we have not restated comparative period financial information for the effects of ASC 842.
−Removed: Total long-term debt includes current maturities of long-term debt and finance lease obligations of $305 million for the year ended December 31, 2016 associated with assets held for sale.
−Removed: For additional information on our total long-term debt, see Note 7—Long-Term Debt and Credit Facilities to our consolidated financial statements in Item 8 of Part II of this report.
−Removed: For total contractual obligations, see "Management's Discussion and Analysis of Financial Condition and Results of Operations—Future Contractual Obligations" in Item 7 of Part II of this report.
−Removed: Selected financial information from our consolidated statements of cash flows is as follows:
−Removed: Years Ended December 31,
−Removed: (Dollars in millions)
−Removed: Net cash provided by operating activities
−Removed: Net cash used in investing activities
−Removed: Net cash (used in) provided by financing activities
−Removed: Capital Expenditures
+Added: Not applicable.
+Added: See "Changes From Prior Periodic Reports" in Item 1 of Part I of this report.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.