Qwest Corporation (CTY) financial statements (2020 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)

9/30/2019
TTM
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 investments35153614
Cash and cash equivalents35153614
Receivables2,1091,6941,6701,5721,4761,6811,523
Prepaid expense 374248464547
Contract with customer, asset 52
Assets held-for-sale, not part of disposal group   8 
Deferred tax assets    163161
Other current assets141 5673778079
Other undisclosed current assets 58   (129)(73)
Total current assets:2,2531,8461,7691,7061,6021,8461,751
Noncurrent Assets
Operating lease, right-of-use asset117
Property, plant and equipment8,1038,0777,9247,6457,3747,2017,208
Intangible assets, net (including goodwill)10,2599,3609,3609,3549,35413,2019,354
Goodwill9,3609,3609,3609,3549,3549,3549,354
Intangible assets, net (excluding goodwill)899    3,847 
Regulated entity, other noncurrent assets    123  
Restricted cash and investments 2     
Other noncurrent assets9896759692209210
Other undisclosed noncurrent assets 1,2021,7412,3482,925 (2,513)
Total noncurrent assets:18,57718,73719,10019,44319,86820,61114,259
Other undisclosed assets      7,208
TOTAL ASSETS:20,83020,58320,86921,14921,47022,45723,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7909628679689041,021863
Accounts payable412441317398369464440
Accrued liabilities 75138122135140 
Employee-related liabilities167251238273211220217
Taxes payable153140174175189197206
Interest and dividends payable5855     
Deferred revenue205
Debt71117514242117637
Due to related parties1,14279828797796 
Deferred revenue and credits   327320
Customer advances and deposits265   
Contract with customer, liability212
Other liabilities84      
Other undisclosed current liabilities 1,0089651,2271,179 880
Total current liabilities:2,2282,2722,1962,7962,4222,2612,700
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,9465,9487,2646,7476,9977,2626,921
Finance lease, liability5
Capital lease obligations7181310624
Operating lease, liability90
Other undisclosed long-term debt and lease obligation5,8515,9417,2466,7346,9877,2566,897
Liabilities, other than long-term debt2,3571,3972,0722,9143,1443,7513,897
Deferred revenue and credits128131137153161
Deferred revenue99
Contract with customer, liability91
Deferred tax liabilities, net 1,0011,7731,8962,2472,473
Deferred income tax liabilities1,001
Due to related parties6987598619441,0511,2711,263
Other liabilities55954782666080 
Total noncurrent liabilities:8,3037,3459,3369,66110,14111,01310,818
Total liabilities:10,5319,61711,53212,45712,56313,27413,518
Stockholders' equity
Stockholders' equity attributable to parent10,2099,8689,3378,6928,9079,1839,613
Common stock10,05010,05010,05010,05010,05010,05010,050
Retained earnings (accumulated deficit)159(182)(713)(1,358)(1,143)(867)(437)
Total stockholders' equity:10,2099,8689,3378,6928,9079,1839,613
Other undisclosed liabilities and equity901,098    87
TOTAL LIABILITIES AND EQUITY:20,83020,58320,86921,14921,47022,45723,218

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,2588,4938,5508,9108,9648,8388,753
Revenue, net8,5506,2472,4072,1621,935
Cost of revenue
(Cost of Goods and Services Sold)
(2,486)(2,767)(2,881)(2,934)(2,872)(2,879)(2,790)
Gross profit:5,7725,7265,6695,9766,0925,9595,963
Operating expenses(5,315)(5,833)(6,237)(6,588)(6,704)(6,726)(6,675)
Other undisclosed operating income2,4862,7672,8812,9342,8722,8792,790
Operating income:2,9432,6602,3132,3222,2602,1122,078
Nonoperating expense(421)(501)(522)(559)(527)(503)(512)
Interest and debt expense(282)(30)(5)(27)(473)(464)(450)
Other undisclosed income from continuing operations before equity method investments, income taxes      450
Income from continuing operations before equity method investments, income taxes:2,2402,1291,7861,7361,2601,1451,566
Other undisclosed income from continuing operations before income taxes28230527473464 
Income from continuing operations before income taxes:2,5222,1591,7911,7631,7331,6091,566
Income tax expense(676)(494)(134)(678)(659)(639)(602)
Net income available to common stockholders, diluted:1,8461,6651,6571,0851,074970964

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,8461,6651,6571,0851,074970964
Comprehensive income, net of tax, attributable to parent:1,8461,6651,6571,0851,074970964

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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