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NEWS RELEASE LUMENⓇ Lumen Technologies , Inc. reports first quarter 2021 results First Quarter 2021 Highlights Reported Net Income of $ 475 million for the first quarter 2021 , compared to reported Net Income of $ 314 million for the first quarter 2020 Diluted EPS of $ 0.44 for the first quarter 2021 , compared to $ 0.29 per share for the first quarter 2020. Excluding Special Items , Diluted EPS of $ 0.44 per share for the first quarter 2021 , compared to $ 0.35 per share for the first quarter 2020 Generated Adjusted EBITDA of $ 2.165 billion for the first quarter 2021 , compared to $ 2.209 billion for the first quarter 2020 , excluding Special Items of $ 8 million and zero , respectively Reported Net Cash Provided by Operating Activities of $ 1.525 billion for the first quarter 2021 Generated Free Cash Flow of $ 850 million for the first quarter 2021 , compared to $ 385 million for the first quarter 2020 , excluding cash paid for Special Items of $ 41 million and $ 60 million , respectively Reiterated Full Year 2021 Financial Outlook Measures DENVER , May 5 , 2021 — Lumen Technologies , Inc. ( NYSE : LUMN ) reported results for the first quarter ended Mar. 31 , 2021 . " We generated solid Adjusted EBITDA and Free Cash Flow in the first quarter , and we remain on track to achieving our financial targets for the year , " said Jeff Storey , president and CEO of Lumen . " As we continually invest in our platform capabilities and forge valuable strategic partnerships , we remain uniquely positioned to meet our enterprise customers ' evolving needs . " Total revenue was $ 5.029 billion for the first quarter 2021 , compared to $ 5.228 billion for the first quarter 2020 . 1