QWEST CORP
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
CTGG$12.81+0.1%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (Dollars in millions) | |||
| OPERATING REVENUE | |||
| Operating revenue | $3,756 | 4,155 | 4,562 |
| Operating revenue - affiliates | 2,159 | 2,294 | 2,389 |
| Total operating revenue | 5,915 | 6,449 | 6,951 |
| OPERATING EXPENSES | |||
| Cost of services and products (exclusive of depreciation and amortization) | 1,608 | 1,646 | 1,722 |
| Selling, general and administrative | 478 | 454 | 354 |
| Operating expenses - affiliates | 796 | 734 | 758 |
| Depreciation and amortization | 823 | 860 | 1,009 |
| Goodwill impairment | 2,405 | — | — |
| Total operating expenses | 6,110 | 3,694 | 3,843 |
| OPERATING (LOSS) INCOME | (195) | 2,755 | 3,108 |
| OTHER (EXPENSE) INCOME | |||
| Interest expense | (95) | (112) | (181) |
| Interest income (expense) - affiliate, net | 15 | (60) | (105) |
| Other income (expense), net | 5 | 7 | (6) |
| Total other expense, net | (75) | (165) | (292) |
| (LOSS) INCOME BEFORE INCOME TAXES | (270) | 2,590 | 2,816 |
| Income tax expense | 561 | 671 | 709 |
| NET (LOSS) INCOME | $(831) | 1,919 | 2,107 |
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