QWEST CORP
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
CTGG$12.55-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets (Unaudited)
CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Dollars in millions) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $22 | 10 |
| Accounts receivable, less allowance of $31 and $34 | 217 | 261 |
| Advances to affiliates | 576 | — |
| Other | 133 | 144 |
| Total current assets | 948 | 415 |
| Property, plant and equipment, net of accumulated depreciation of $8,748 and $8,239 | 8,829 | 8,700 |
| GOODWILL AND OTHER ASSETS | ||
| Goodwill | 6,955 | 6,955 |
| Other intangible assets, net | 92 | 103 |
| Other, net | 164 | 164 |
| Total goodwill and other assets | 7,211 | 7,222 |
| TOTAL ASSETS | $16,988 | 16,337 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturities of long-term debt | $241 | 1 |
| Accounts payable | 239 | 362 |
| Advances from affiliates | — | 61 |
| Accrued expenses and other liabilities | ||
| Salaries and benefits | 131 | 130 |
| Income and other taxes | 108 | 96 |
| Other | 121 | 121 |
| Current portion of deferred revenue | 147 | 162 |
| Total current liabilities | 987 | 933 |
| LONG-TERM DEBT | 1,689 | 2,156 |
| DEFERRED CREDITS AND OTHER LIABILITIES | ||
| Deferred income taxes, net | 1,295 | 1,318 |
| Affiliate obligations, net | 454 | 495 |
| Other | 711 | 679 |
| Total deferred credits and other liabilities | 2,460 | 2,492 |
| COMMITMENTS AND CONTINGENCIES (Note 9) | ||
| STOCKHOLDER'S EQUITY | ||
| Common stock - one share without par value, owned by Qwest Services Corporation | 10,050 | 10,050 |
| Retained earnings | 1,802 | 706 |
| Total stockholder's equity | 11,852 | 10,756 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $16,988 | 16,337 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.