CenturyLink, Inc. (CTL) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4061,690488551222126128
Cash and cash equivalents4061,690488551222126128
Restricted cash and investments 345   
Receivables1,9622,2592,3982,5572,0171,9432,295
Prepaid expense      260
Deferred costs      103
Disposal group, including discontinued operation 8121402,376 14
Deferred tax assets    880
Other current assets808808918941547581580
Other undisclosed current assets      (684)
Total current assets:3,1764,7683,8204,1945,1622,6503,576
Noncurrent Assets
Operating lease, right-of-use asset 1,686
Property, plant and equipment26,33826,07926,40826,85217,03918,06918,433
Intangible assets, net (including goodwill), including:27,08931,10119,10020,06021,45022,56622,670
Goodwill18,87021,53428,03130,47519,65020,74220,755
Intangible assets, net (excluding goodwill)8,2199,56711,0482,1661,8001,8241,915
Other undisclosed intangible assets, net (including goodwill)  (19,979)(12,581)   
Regulated entity, other noncurrent assets     179 
Restricted cash and investments 242631   
Other noncurrent assets2,7911,0841,1921,286838660843
Deferred tax assets, net 43483 
Other undisclosed noncurrent assets  19,71022,7542,5203,4774,625
Total noncurrent assets:56,21859,97466,43671,41741,85544,95446,571
TOTAL ASSETS:59,39464,74270,25675,61147,01747,60450,147
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7473,3523,6903,1782,5422,1382,466
Accounts payable1,1341,7241,9331,5551,1799681,226
Accrued liabilities      34
Employee-related liabilities1,0081,0371,104890802602641
Taxes payable314311337370301318309
Interest and dividends payable291280316363260250256
Deferred revenue753804
Debt2,4272,4066524431,5031,503630
Disposal group, including discontinued operation    419  
Deferred revenue and credits   726
Customer advances and deposits892672743 
Contract with customer, liability832
Other liabilities328386357344213220210
Other undisclosed current liabilities379310    (114)
Total current liabilities:6,6347,2585,5314,8575,3494,6043,918
Noncurrent Liabilities
Long-term debt and lease obligation, including:29,41032,39435,40937,28318,18518,72220,121
Finance lease, liability267185
Capital lease obligations196226322362416
Operating lease, liability1,4051,342
Other undisclosed long-term debt and lease obligation27,73830,86735,21337,05717,86318,36019,705
Liabilities, other than long-term debt12,18811,3067,8219,98010,08410,21811,085
Deferred revenue 1,028
Contract with customer, liability860
Deferred tax liabilities, net 2,4133,4713,5694,030
Deferred income tax liabilities3,3422,918
Liability, pension and other postretirement and postemployment benefits4,5564,5944,3195,1785,5275,5115,808
Other liabilities4,2902,7662,6422,3891,0861,1381,247
Total noncurrent liabilities:41,59843,70043,23047,26328,26928,94031,206
Total liabilities:48,23250,95848,76152,12033,61833,54435,124
Stockholders' equity
Stockholders' equity attributable to parent11,16213,47019,82823,49113,39914,06015,023
Common stock1,0971,0901,0801,069547544569
Additional paid in capital20,90921,87422,85223,31414,97015,17816,324
Accumulated other comprehensive loss(2,813)(2,680)(2,461)(1,995)(2,117)(1,934)(2,017)
Retained earnings (accumulated deficit)(8,031)(6,814)(1,643)1,103(1)272147
Total stockholders' equity:11,16213,47019,82823,49113,39914,06015,023
Other undisclosed liabilities and equity 3141,667    
TOTAL LIABILITIES AND EQUITY:59,39464,74270,25675,61147,01747,60450,147

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues20,71222,40123,44317,65617,47017,90018,031
Cost of revenue
(Cost of Goods and Services Sold)
(8,934)(10,077)(10,862)(8,203)(7,774)(7,778)(7,846)
Gross profit:11,77812,32412,5819,4539,69610,12210,185
Operating expenses(10,816)(15,050)(22,873)(15,647)(15,139)(15,295)(15,621)
Other undisclosed operating income  10,8628,2037,7747,7787,846
Operating income (loss):962(2,726)5702,0092,3312,6052,410
Nonoperating expense(1,744)(2,040)(2,133)(1,469)(1,311)(1,289)(1,300)
Interest and debt expense(1,668)(2,021)(2,177)(5)(27)(1,312)(1,311)
Income (loss) from continuing operations before equity method investments, income taxes:(2,450)(6,787)(3,740)5359934(201)
Other undisclosed income from continuing operations before income taxes1,6682,0212,1775271,3121,311
Income (loss) from continuing operations before income taxes:(782)(4,766)(1,563)5401,0201,3161,110
Income tax expense (benefit)(450)(503)(170)849(394)(438)(338)
Net income (loss) available to common stockholders, diluted:(1,232)(5,269)(1,733)1,389626878772

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,232)(5,269)(1,733)1,389626878772
Other comprehensive income (loss)(17)622(81)10983744
Comprehensive income (loss):(1,249)(5,207)(1,731)1,3087359611,516
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(116)(281)(61)203(292) (1,959)
Comprehensive income (loss), net of tax, attributable to parent:(1,365)(5,488)(1,792)1,511443961(443)

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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