QWEST CORP

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

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

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Contents

Consolidated Balance Sheets

	December 31,
	2024	2023
(Dollars in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$26	10
Accounts receivable, less allowance of $29 and $34	227	261
Advances to affiliates	902	—
Other	152	144
Total current assets	1,307	415
Property, plant and equipment, net of accumulated depreciation of $8,910 and $8,239	8,865	8,700
GOODWILL AND OTHER ASSETS
Goodwill	6,955	6,955
Other intangible assets, net	84	103
Other, net	151	164
Total goodwill and other assets	7,190	7,222
TOTAL ASSETS	$17,362	16,337
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Current maturities of long-term debt	$239	1
Accounts payable	221	362
Advances from affiliates	—	61
Accrued expenses and other liabilities
Salaries and benefits	130	130
Income and other taxes	106	96
Other	117	121
Current portion of deferred revenue	153	162
Total current liabilities	966	933
LONG-TERM DEBT	1,688	2,156
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred income taxes, net	1,336	1,318
Affiliate obligations, net	444	495
Other	685	679
Total deferred credits and other liabilities	2,465	2,492
COMMITMENTS AND CONTINGENCIES (Note 14)
STOCKHOLDER'S EQUITY
Common stock - one share without par value, owned by Qwest Services Corporation	10,050	10,050
Retained earnings	2,193	706
Total stockholder's equity	12,243	10,756
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$17,362	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.