QWEST CORP
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
CTGG$12.81+0.1%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (Dollars in millions) | |||
| OPERATING REVENUE | |||
| Operating revenue | $3,259 | 3,756 | 4,155 |
| Operating revenue - affiliates | 2,249 | 2,159 | 2,294 |
| Total operating revenue | 5,508 | 5,915 | 6,449 |
| OPERATING EXPENSES | |||
| Cost of services and products (exclusive of depreciation and amortization) | 1,505 | 1,608 | 1,646 |
| Selling, general and administrative | 438 | 478 | 454 |
| Operating expenses - affiliates | 761 | 796 | 734 |
| Depreciation and amortization | 753 | 823 | 860 |
| Goodwill impairment | — | 2,405 | — |
| Total operating expenses | 3,457 | 6,110 | 3,694 |
| OPERATING INCOME (LOSS) | 2,051 | (195) | 2,755 |
| OTHER EXPENSE | |||
| Interest expense | (62) | (95) | (112) |
| Interest income (expense) - affiliate, net | 24 | 15 | (60) |
| Other income, net | 1 | 5 | 7 |
| Total other expense, net | (37) | (75) | (165) |
| INCOME (LOSS) BEFORE INCOME TAXES | 2,014 | (270) | 2,590 |
| Income tax expense | 527 | 561 | 671 |
| NET INCOME (LOSS) | $1,487 | (831) | 1,919 |
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