Qwest Corporation (CTDD) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21425153
Cash and cash equivalents21425153
Receivables3013642,3571,6941,6701,5721,476
Prepaid expense  4137424846
Contract with customer, asset  5052
Assets held-for-sale, not part of disposal group     8 
Other current assets187122  567377
Other undisclosed current assets  3658   
Total current assets:4905002,4861,8461,7691,7061,602
Noncurrent Assets
Operating lease, right-of-use asset  105
Property, plant and equipment8,1808,3098,1708,0777,9247,6457,374
Intangible assets, net (including goodwill)9,5599,70310,1399,3609,3609,3549,354
Goodwill9,3609,3609,3609,3609,3609,3549,354
Intangible assets, net (excluding goodwill)199343779    
Regulated entity, other noncurrent assets      123
Restricted cash and investments   2   
Other noncurrent assets1411479996759692
Other undisclosed noncurrent assets   1,2021,7412,3482,925
Total noncurrent assets:17,88018,15918,51318,73719,10019,44319,868
TOTAL ASSETS:18,37018,65920,99920,58320,86921,14921,470
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities438565962962867968904
Accounts payable206292403441317398369
Accrued liabilities  13475138122135
Employee-related liabilities138178276251238273211
Taxes payable949594140174175189
Interest and dividends payable  5555   
Deferred revenue174183201
Debt19481,1051117514242
Due to related parties1,1871,1301,14179828797
Customer advances and deposits265  
Contract with customer, liability212
Other liabilities182186     
Other undisclosed current liabilities54592 1,0089651,2271,179
Total current liabilities:2,0363,6043,4092,2722,1962,7962,422
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,1562,3864,8465,9487,2646,7476,997
Finance lease, liability145
Capital lease obligations7181310
Operating lease, liability  89
Other undisclosed long-term debt and lease obligation2,1552,3824,7525,9417,2466,7346,987
Liabilities, other than long-term debt2,5432,5712,5381,3972,0722,9143,144
Deferred revenue and credits128131137
Deferred revenue  108
Contract with customer, liability91
Deferred tax liabilities, net 1,0011,7731,896
Deferred income tax liabilities1,2761,2491,198
Due to related parties5976377177598619441,051
Other liabilities670685515547826660
Total noncurrent liabilities:4,6994,9577,3847,3459,3369,66110,141
Total liabilities:6,7358,56110,7939,61711,53212,45712,563
Stockholders' equity
Stockholders' equity attributable to parent11,63510,09810,1179,8689,3378,6928,907
Common stock10,05010,05010,05010,05010,05010,05010,050
Retained earnings (accumulated deficit)1,5854867(182)(713)(1,358)(1,143)
Total stockholders' equity:11,63510,09810,1179,8689,3378,6928,907
Other undisclosed liabilities and equity  891,098   
TOTAL LIABILITIES AND EQUITY:18,37018,65920,99920,58320,86921,14921,470

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,9517,3138,1578,4938,5508,9108,964
Revenue, net8,5506,2472,407
Cost of revenue(2,453)(2,657)(3,166)(2,767)(2,881)(2,934)(2,872)
Cost of goods and services sold(1,722)(1,995)(2,438)(2,767)(2,881)(2,934)(2,872)
Gross profit:4,4984,6564,9915,7265,6695,9766,092
Operating expenses(1,390)(1,945)(2,107)(5,833)(6,237)(6,588)(6,704)
Other undisclosed operating income   2,7672,8812,9342,872
Operating income:3,1082,7112,8842,6602,3132,3222,260
Nonoperating expense(292)(409)(416)(501)(522)(559)(527)
Interest and debt expense(8)(63)(1)(30)(5)(27)(473)
Income from continuing operations before equity method investments, income taxes:2,8082,2392,4672,1291,7861,7361,260
Other undisclosed income from continuing operations before income taxes863130527473
Income from continuing operations before income taxes:2,8162,3022,4682,1591,7911,7631,733
Income tax expense(709)(595)(641)(494)(134)(678)(659)
Net income available to common stockholders, diluted:2,1071,7071,8271,6651,6571,0851,074

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2,1071,7071,8271,6651,6571,0851,074
Comprehensive income, net of tax, attributable to parent:2,1071,7071,8271,6651,6571,0851,074

Statements sources

The financial statements are based on the company's filings with the 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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