Qwest Corporation (CTY) financial statements (2021 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)

12/31/2020
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 investments14251536
Cash and cash equivalents14251536
Receivables3642,3571,6941,6701,5721,4761,681
Prepaid expense 413742484645
Contract with customer, asset 5052
Assets held-for-sale, not part of disposal group    8 
Deferred tax assets    163
Other current assets122  56737780
Other undisclosed current assets 3658   (129)
Total current assets:5002,4861,8461,7691,7061,6021,846
Noncurrent Assets
Operating lease, right-of-use asset 105
Property, plant and equipment8,3098,1708,0777,9247,6457,3747,201
Intangible assets, net (including goodwill)9,70310,1399,3609,3609,3549,35413,201
Goodwill9,3609,3609,3609,3609,3549,3549,354
Intangible assets, net (excluding goodwill)343779    3,847
Regulated entity, other noncurrent assets     123 
Restricted cash and investments  2    
Other noncurrent assets1479996759692209
Other undisclosed noncurrent assets  1,2021,7412,3482,925 
Total noncurrent assets:18,15918,51318,73719,10019,44319,86820,611
TOTAL ASSETS:18,65920,99920,58320,86921,14921,47022,457
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5659629628679689041,021
Accounts payable292403441317398369464
Accrued liabilities 13475138122135140
Employee-related liabilities178276251238273211220
Taxes payable9594140174175189197
Interest and dividends payable 5555    
Deferred revenue183201
Debt9481,1051117514242117
Due to related parties1,1301,14179828797796
Deferred revenue and credits   327
Customer advances and deposits265   
Contract with customer, liability212
Other liabilities186      
Other undisclosed current liabilities592 1,0089651,2271,179 
Total current liabilities:3,6043,4092,2722,1962,7962,4222,261
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,3864,8465,9487,2646,7476,9977,262
Finance lease, liability45
Capital lease obligations71813106
Operating lease, liability 89
Other undisclosed long-term debt and lease obligation2,3824,7525,9417,2466,7346,9877,256
Liabilities, other than long-term debt2,5712,5381,3972,0722,9143,1443,751
Deferred revenue and credits128131137153
Deferred revenue 108
Contract with customer, liability91
Deferred tax liabilities, net 1,0011,7731,8962,247
Deferred income tax liabilities1,2491,198
Due to related parties6377177598619441,0511,271
Other liabilities68551554782666080
Total noncurrent liabilities:4,9577,3847,3459,3369,66110,14111,013
Total liabilities:8,56110,7939,61711,53212,45712,56313,274
Stockholders' equity
Stockholders' equity attributable to parent10,09810,1179,8689,3378,6928,9079,183
Common stock10,05010,05010,05010,05010,05010,05010,050
Retained earnings (accumulated deficit)4867(182)(713)(1,358)(1,143)(867)
Total stockholders' equity:10,09810,1179,8689,3378,6928,9079,183
Other undisclosed liabilities and equity 891,098    
TOTAL LIABILITIES AND EQUITY:18,65920,99920,58320,86921,14921,47022,457

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
Revenues7,3138,1578,4938,5508,9108,9648,838
Revenue, net8,5506,2472,4072,162
Cost of revenue(2,657)(3,166)(2,767)(2,881)(2,934)(2,872)(2,879)
Cost of goods and services sold(1,995)(2,438)(2,767)(2,881)(2,934)(2,872)(2,879)
Gross profit:4,6564,9915,7265,6695,9766,0925,959
Operating expenses(1,945)(2,107)(5,833)(6,237)(6,588)(6,704)(6,726)
Other undisclosed operating income  2,7672,8812,9342,8722,879
Operating income:2,7112,8842,6602,3132,3222,2602,112
Nonoperating expense(409)(416)(501)(522)(559)(527)(503)
Interest and debt expense(63)(1)(30)(5)(27)(473)(464)
Income from continuing operations before equity method investments, income taxes:2,2392,4672,1291,7861,7361,2601,145
Other undisclosed income from continuing operations before income taxes63130527473464
Income from continuing operations before income taxes:2,3022,4682,1591,7911,7631,7331,609
Income tax expense(595)(641)(494)(134)(678)(659)(639)
Net income available to common stockholders, diluted:1,7071,8271,6651,6571,0851,074970

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:1,7071,8271,6651,6571,0851,074970
Comprehensive income, net of tax, attributable to parent:1,7071,8271,6651,6571,0851,074970

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: