Qwest Corporation (CTDD) Financial Statements (2024 and earlier)

Company Profile

Business Address P O BOX 4065
MONROE, LA 71203
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8214251
Cash and cash equivalents8214251
Receivables8853013642,3571,6941,670
Prepaid expense    413742
Contract with customer, asset, after allowance for credit loss    5052✕
Other current assets120187122  56
Other undisclosed current assets    3658 
Total current assets:1,0134905002,4861,8461,769
Noncurrent Assets
Operating lease, right-of-use asset    105✕✕
Property, plant and equipment8,2738,1808,3098,1708,0777,924
Intangible assets, net (including goodwill)9,4989,5599,70310,1399,3609,360
Goodwill9,3609,3609,3609,3609,3609,360
Intangible assets, net (excluding goodwill)138199343779  
Restricted cash and investments     2 
Other noncurrent assets141141147999675
Other undisclosed noncurrent assets     1,2021,741
Total noncurrent assets:17,91217,88018,15918,51318,73719,100
TOTAL ASSETS:18,92518,37018,65920,99920,58320,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities429438565962962867
Interest and dividends payable✕✕  5555 
Taxes payable✕✕949594140174
Employee-related liabilities✕✕138178276251238
Accounts payable213206292403441317
Accrued liabilities 216  13475138
Deferred revenue167174183201✕✕
Debt  19481,1051117
Due to related parties✕ 1,1871,1301,1417982
Customer advances and deposits✕✕✕✕✕✕265
Contract with customer, liability✕✕✕✕✕212✕
Other liabilities130182186   
Other undisclosed current liabilities254592 1,008965
Total current liabilities:7282,0363,6043,4092,2722,196
Noncurrent Liabilities
Long-term debt and lease obligation, including:22,1562,3864,8465,9487,264
Capital lease obligations✕✕✕✕✕718
Finance lease, liability2145✕✕
Other undisclosed long-term debt and lease obligation 2,1552,3824,7525,9417,246
Liabilities, other than long-term debt2,4882,5432,5712,5381,3972,072
Deferred revenue and credits✕✕✕✕✕✕128
Deferred revenue    108✕✕
Contract with customer, liability✕✕✕✕✕91✕
Deferred tax liabilities, net✕✕✕✕✕ 1,001
Deferred income tax liabilities1,2821,2761,2491,198✕✕
Due to related parties✕552597637717759861
Other liabilities65467068551554782
Operating lease, liability    89✕✕
Total noncurrent liabilities:2,4904,6994,9577,3847,3459,336
Total liabilities:3,2186,7358,56110,7939,61711,532
Equity
Equity, attributable to parent13,55411,63510,09810,1179,8689,337
Common stock10,05010,05010,05010,05010,05010,050
Retained earnings (accumulated deficit)3,5041,5854867(182)(713)
Total equity:13,55411,63510,09810,1179,8689,337
Other undisclosed liabilities and equity2,153  891,098 
TOTAL LIABILITIES AND EQUITY:18,92518,37018,65920,99920,58320,869

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,4496,9517,3138,1578,4938,550
Revenue, net✕✕✕✕✕✕8,550
Cost of revenue(2,320)(2,453)(2,657)(3,166)(2,767)(2,881)
Cost of goods and services sold(1,646)(1,722)(1,995)(2,438)(2,767)(2,881)
Gross profit:4,1294,4984,6564,9915,7265,669
Operating expenses(1,374)(1,390)(1,945)(2,107)(5,833)(6,237)
Other undisclosed operating income     2,7672,881
Operating income (loss):2,7553,1082,7112,8842,6602,313
Nonoperating expense(165)(292)(409)(416)(501)(522)
Interest and debt expense(60)(8)(63)(1)(30)(5)
Income (loss) from continuing operations before equity method investments, income taxes:2,5302,8082,2392,4672,1291,786
Other undisclosed income from continuing operations before income taxes608631305
Income (loss) from continuing operations before income taxes:2,5902,8162,3022,4682,1591,791
Income tax expense(671)(709)(595)(641)(494)(134)
Income (loss) from continuing operations:1,9192,1071,7071,8271,6651,657
Income before gain (loss) on sale of properties:✕✕2,1071,7071,8271,6651,657
Net income (loss) available to common stockholders, diluted:1,9192,1071,7071,8271,6651,657

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,9192,1071,7071,8271,6651,657
Comprehensive income (loss), net of tax, attributable to parent:1,9192,1071,7071,8271,6651,657

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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