CenturyLink, Inc. (CTL) financial statements (2020 and earlier)

Company profile

Business Address P O BOX 4065
MONROE, LA 71203
State of Incorp. LA
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,690488551222126128168
Cash and cash equivalents1,690488551222126128168
Restricted cash and investments345    
Receivables2,2592,3982,5572,0171,9432,2952,247
Prepaid expense     260266
Deferred costs     10394
Disposal group, including discontinued operation8121402,376 14 
Assets held-for-sale26
Deferred tax assets    8801,165
Other current assets808918941547581580597
Other undisclosed current assets     (684)(656)
Total current assets:4,7683,8204,1945,1622,6503,5763,907
Noncurrent Assets
Operating lease, right-of-use asset1,686
Property, plant and equipment26,07926,40826,85217,03918,06918,43318,646
Intangible assets, net (including goodwill), including:31,10119,10020,06021,45022,56622,67020,995
Goodwill21,53428,03130,47519,65020,74220,75520,674
Intangible assets, net (excluding goodwill)9,56711,0482,1661,8001,8241,915321
Other undisclosed intangible assets, net (including goodwill) (19,979)(12,581)   
Regulated entity, other noncurrent assets    179  
Restricted cash and investments242631    
Other noncurrent assets1,0841,1921,286838660843823
Deferred tax assets, net 43483  
Other undisclosed noncurrent assets 19,71022,7542,5203,4774,6257,416
Total noncurrent assets:59,97466,43671,41741,85544,95446,57147,880
TOTAL ASSETS:64,74270,25675,61147,01747,60450,14751,787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,3523,6903,1782,5422,1382,4662,373
Accounts payable1,7241,9331,5551,1799681,2261,111
Accrued liabilities     34 
Employee-related liabilities1,0371,104890802602641650
Taxes payable311337370301318309339
Interest and dividends payable280316363260250256273
Deferred revenue804
Debt2,4066524431,5031,503630873
Disposal group, including discontinued operation   419   
Deferred revenue and credits   726737
Customer advances and deposits892672743 
Contract with customer, liability832
Other liabilities386357344213220210514
Other undisclosed current liabilities310    (114)(88)
Total current liabilities:7,2585,5314,8575,3494,6043,9184,409
Noncurrent Liabilities
Long-term debt and lease obligation, including:32,39435,40937,28318,18518,72220,12120,181
Finance lease, liability185
Capital lease obligations196226322362416461
Operating lease, liability1,342
Other undisclosed long-term debt and lease obligation30,86735,21337,05717,86318,36019,70519,720
Liabilities, other than long-term debt11,3067,8219,98010,08410,21811,08510,006
Pension and other postretirement defined benefit plans, liabilities4,049
Deferred revenue1,028
Contract with customer, liability860
Deferred tax liabilities, net 2,4133,4713,5694,0304,753
Deferred income tax liabilities2,918
Liability, pension and other postretirement and postemployment benefits4,5944,3195,1785,5275,5115,808
Other liabilities2,7662,6422,3891,0861,1381,2471,204
Total noncurrent liabilities:43,70043,23047,26328,26928,94031,20630,187
Total liabilities:50,95848,76152,12033,61833,54435,12434,596
Stockholders' equity
Stockholders' equity attributable to parent13,47019,82823,49113,39914,06015,02317,191
Common stock1,0901,0801,069547544569584
Additional paid in capital21,87422,85223,31414,97015,17816,32417,343
Accumulated other comprehensive loss(2,680)(2,461)(1,995)(2,117)(1,934)(2,017)(802)
Retained earnings (accumulated deficit)(6,814)(1,643)1,103(1)27214766
Total stockholders' equity:13,47019,82823,49113,39914,06015,02317,191
Other undisclosed liabilities and equity3141,667     
TOTAL LIABILITIES AND EQUITY:64,74270,25675,61147,01747,60450,14751,787

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues22,40123,44317,65617,47017,90018,03118,095
Cost of revenue
(Cost of Goods and Services Sold)
(10,077)(10,862)(8,203)(7,774)(7,778)(7,846)(7,507)
Gross profit:12,32412,5819,4539,69610,12210,18510,588
Operating expenses(15,050)(22,873)(15,647)(15,139)(15,295)(15,621)(16,642)
Other undisclosed operating income 10,8628,2037,7747,7787,8467,507
Operating income (loss):(2,726)5702,0092,3312,6052,4101,453
Nonoperating expense(2,040)(2,133)(1,469)(1,311)(1,289)(1,300)(1,229)
Interest and debt expense(2,021)(2,177)(5)(27)(1,312)(1,311)(1,288)
Other undisclosed income from continuing operations before equity method investments, income taxes      1,288
Income (loss) from continuing operations before equity method investments, income taxes:(6,787)(3,740)5359934(201)224
Other undisclosed income from continuing operations before income taxes2,0212,1775271,3121,311 
Income (loss) from continuing operations before income taxes:(4,766)(1,563)5401,0201,3161,110224
Income tax expense (benefit)(503)(170)849(394)(438)(338)(463)
Net income (loss) available to common stockholders, diluted:(5,269)(1,733)1,389626878772(239)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(5,269)(1,733)1,389626878772(239)
Other comprehensive income (loss)622(81)10983744 
Comprehensive income (loss):(5,207)(1,731)1,3087359611,516(239)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(281)(61)203(292) (1,959)899
Comprehensive income (loss), net of tax, attributable to parent:(5,488)(1,792)1,511443961(443)660

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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