QWEST CORP

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

CTGG$12.81+0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
	2023	2022
(Dollars in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$10	8
Accounts receivable, less allowance of $34 and $36	261	347
Advances to affiliates	—	569
Other	144	120
Total current assets	415	1,044
Property, plant and equipment, net of accumulated depreciation of $8,239 and $7,617	8,700	8,273
GOODWILL AND OTHER ASSETS
Goodwill	6,955	9,360
Other intangible assets, net	103	138
Other, net	164	141
Total goodwill and other assets	7,222	9,639
TOTAL ASSETS	$16,337	18,956
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Current maturities of long-term debt	$1	2
Accounts payable	362	231
Advances from affiliates	61	—
Note payable - affiliate	—	—
Accrued expenses and other liabilities
Salaries and benefits	130	127
Income and other taxes	96	89
Other	121	130
Current portion of deferred revenue	162	167
Total current liabilities	933	746
LONG-TERM DEBT	2,156	2,155
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	1,318	1,282
Affiliate obligations, net	495	552
Other	679	654
Total deferred credits and other liabilities	2,492	2,488
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDER'S EQUITY
Common stock - one share without par value, owned by Qwest Services Corporation	10,050	10,050
Retained earnings	706	3,517
Total stockholder's equity	10,756	13,567
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$16,337	18,956

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.