QWEST CORP
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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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, 2025 · Filed Oct 30, 2025
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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| (Dollars in millions) | ||
| OPERATING ACTIVITIES | ||
| Net income | $737 | 1,096 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 527 | 557 |
| Deferred income taxes | 24 | (23) |
| Provision for uncollectible accounts | 26 | 35 |
| Changes in current assets and liabilities: | ||
| Accounts receivable | (17) | 9 |
| Accounts payable | (30) | (16) |
| Accrued income and other taxes | 7 | 12 |
| Other current assets and liabilities, net | 81 | (6) |
| Changes in other assets and liabilities, net | 28 | 30 |
| Changes in affiliate obligations, net | (37) | (41) |
| Other, net | 14 | (7) |
| Net cash provided by operating activities | 1,360 | 1,646 |
| INVESTING ACTIVITIES | ||
| Capital expenditures | (582) | (776) |
| Changes in advances to affiliates | 393 | (576) |
| Net increase in note receivable - affiliates | (937) | — |
| Proceeds from sale of property, plant and equipment and other assets | 12 | 6 |
| Net cash used in investing activities | (1,114) | (1,346) |
| FINANCING ACTIVITIES | ||
| Payments of long-term debt | (237) | (227) |
| Changes in advances from affiliates | — | (61) |
| Net cash used in financing activities | (237) | (288) |
| Net increase in cash, cash equivalents and restricted cash | 9 | 12 |
| Cash, cash equivalents and restricted cash at beginning of period | 28 | 12 |
| Cash, cash equivalents and restricted cash at end of period | $37 | 24 |
| Supplemental cash flow information: | ||
| Income taxes paid, net | $(222) | (393) |
| Interest paid, including affiliate interest (net of capitalized interest of $27 and $60) | (75) | (47) |
| Supplemental noncash information regarding financing activities: | ||
| Repayment of long-term debt in exchange for reductions of advances from affiliates | $— | 215 |
| Cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $36 | 22 |
| Restricted cash included in Other assets, net | 1 | 2 |
| Total | $37 | 24 |
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