QWEST CORP

For the period ended Mar 31, 2024. Filed Apr 30, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 30, 2024

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

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Contents

Consolidated Balance Sheets (Unaudited)

CONSOLIDATED BALANCE SHEETS

	March 31, 2024	December 31, 2023
(Dollars in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$14	10
Accounts receivable, less allowance of $38 and $34	272	261
Other	162	144
Total current assets	448	415
Property, plant and equipment, net of accumulated depreciation of $8,410 and $8,239	8,763	8,700
GOODWILL AND OTHER ASSETS
Goodwill	6,955	6,955
Other intangible assets, net	99	103
Other, net	162	164
Total goodwill and other assets	7,216	7,222
TOTAL ASSETS	$16,427	16,337
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Current maturities of long-term debt	$1	1
Accounts payable	305	362
Advances from affiliates	83	61
Accrued expenses and other liabilities
Salaries and benefits	111	130
Income and other taxes	119	96
Other	121	121
Current portion of deferred revenue	159	162
Total current liabilities	899	933
LONG-TERM DEBT	1,941	2,156
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	1,310	1,318
Affiliate obligations, net	481	495
Other	687	679
Total deferred credits and other liabilities	2,478	2,492
COMMITMENTS AND CONTINGENCIES (Note 8)
STOCKHOLDER'S EQUITY
Common stock - one share without par value, owned by Qwest Services Corporation	10,050	10,050
Retained earnings	1,059	706
Total stockholder's equity	11,109	10,756
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$16,427	16,337

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.