QWEST CORP
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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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.
FY2025 · Filed Feb 20, 2026
CTGG$12.81+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (Dollars in millions) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $39 | 26 |
| Accounts receivable, less allowance of $37 and $29 | 199 | 227 |
| Assets held for sale | 2,587 | — |
| Advances to affiliates | 666 | 902 |
| Note receivable - affiliates | 937 | — |
| Other current assets, net | 77 | 152 |
| Total current assets | 4,505 | 1,307 |
| Property, plant and equipment, net of accumulated depreciation of $8,910 and $8,910 | 7,446 | 8,865 |
| GOODWILL AND OTHER ASSETS | ||
| Goodwill | 3,638 | 6,955 |
| Intangible assets, net | 111 | 84 |
| Other assets, net | 120 | 151 |
| Total goodwill and other assets | 3,869 | 7,190 |
| TOTAL ASSETS | $15,820 | 17,362 |
| LIABILITIES AND STOCKHOLDER'S EQUITY | ||
| CURRENT LIABILITIES | ||
| Current maturities of long-term debt | $— | 239 |
| Accounts payable | 152 | 221 |
| Accrued expenses and other liabilities | ||
| Salaries and benefits | 129 | 130 |
| Income and other taxes | 110 | 106 |
| Other current liabilities | 109 | 117 |
| Liabilities held for sale | 10 | — |
| Current portion of deferred revenue | 143 | 153 |
| Total current liabilities | 653 | 966 |
| LONG-TERM DEBT | 1,688 | 1,688 |
| DEFERRED CREDITS AND OTHER LIABILITIES | ||
| Deferred income taxes, net | 1,461 | 1,336 |
| Affiliate obligations, net | 399 | 444 |
| Other liabilities | 703 | 685 |
| Total deferred credits and other liabilities | 2,563 | 2,465 |
| COMMITMENTS AND CONTINGENCIES (Note 15) | ||
| STOCKHOLDER'S EQUITY | ||
| Common stock - one share without par value, owned by Qwest Services Corporation | 10,050 | 10,050 |
| Retained earnings | 866 | 2,193 |
| Total stockholder's equity | 10,916 | 12,243 |
| TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY | $15,820 | 17,362 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.