QWEST CORP
For the period ended Mar 31, 2024. Filed Apr 30, 2024.
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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$12.55-2.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows (Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in millions) | ||
| OPERATING ACTIVITIES | ||
| Net income | $353 | 454 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 187 | 197 |
| Deferred income taxes | (8) | (10) |
| Provision for uncollectible accounts | 20 | 13 |
| Changes in current assets and liabilities: | ||
| Accounts receivable | (30) | (42) |
| Accounts payable | (23) | 6 |
| Accrued income and other taxes | 23 | 27 |
| Other current assets and liabilities, net | (39) | (34) |
| Changes in other noncurrent assets and liabilities, net | 7 | (4) |
| Changes in affiliate obligations, net | (14) | (16) |
| Other, net | (5) | 5 |
| Net cash provided by operating activities | 471 | 596 |
| INVESTING ACTIVITIES | ||
| Capital expenditures | (277) | (196) |
| Changes in advances to affiliates | — | (402) |
| Proceeds from sale of property, plant and equipment and other assets | 3 | — |
| Net cash used in investing activities | (274) | (598) |
| FINANCING ACTIVITIES | ||
| Payments of long-term debt | — | (2) |
| Changes in advances from affiliates | (193) | — |
| Net cash used in financing activities | (193) | (2) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 4 | (4) |
| Cash, cash equivalents and restricted cash at beginning of period | 12 | 10 |
| Cash, cash equivalents and restricted cash at end of period | $16 | 6 |
| Supplemental cash flow information: | ||
| Income taxes paid, net | $(126) | (161) |
| Interest paid, including affiliate interest (net of capitalized interest of $19 and $10) | $(21) | (30) |
| Supplemental noncash information regarding financing activities: | ||
| Repayment of long-term debt in exchange for advances from affiliates | $215 | — |
| Cash, cash equivalents and restricted cash: | ||
| Cash and cash equivalents | $14 | 4 |
| Restricted cash - noncurrent | 2 | 2 |
| Total | $16 | 6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.