QWEST CORP
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
CTGG$12.55-2.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations (Unaudited)
CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Dollars in millions) | ||||
| OPERATING REVENUE | ||||
| Operating revenue | $829 | 964 | 1,675 | 1,945 |
| Operating revenue—affiliates | 560 | 503 | 1,106 | 1,063 |
| Total operating revenue | 1,389 | 1,467 | 2,781 | 3,008 |
| OPERATING EXPENSES | ||||
| Cost of services and products (exclusive of depreciation and amortization) | 373 | 404 | 743 | 791 |
| Selling, general and administrative | 118 | 116 | 246 | 244 |
| Operating expenses—affiliates | 181 | 184 | 393 | 375 |
| Depreciation and amortization | 187 | 203 | 374 | 400 |
| Total operating expenses | 859 | 907 | 1,756 | 1,810 |
| OPERATING INCOME | 530 | 560 | 1,025 | 1,198 |
| OTHER (EXPENSE) INCOME | ||||
| Interest expense | (14) | (25) | (33) | (52) |
| Interest income—affiliate, net | 4 | 1 | 6 | 2 |
| Other (expense) income, net | (2) | 3 | (1) | 4 |
| Total other expense, net | (12) | (21) | (28) | (46) |
| INCOME BEFORE INCOME TAX EXPENSE | 518 | 539 | 997 | 1,152 |
| Income tax expense | 140 | 141 | 266 | 300 |
| NET INCOME | $378 | 398 | 731 | 852 |
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