QWEST CORP
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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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.
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in millions) | |||
| OPERATING REVENUE | |||
| Operating revenue | $2,813 | 3,259 | 3,756 |
| Operating revenue - affiliates | 1,935 | 2,249 | 2,159 |
| Total operating revenue | 4,748 | 5,508 | 5,915 |
| OPERATING EXPENSES | |||
| Cost of services and products (exclusive of depreciation and amortization) | 1,449 | 1,505 | 1,608 |
| Selling, general and administrative | 456 | 438 | 478 |
| Net loss on disposal group held for sale | 235 | — | — |
| Operating expenses - affiliates | 920 | 761 | 796 |
| Depreciation and amortization | 685 | 753 | 823 |
| Goodwill impairment | 2,012 | — | 2,405 |
| Total operating expenses | 5,757 | 3,457 | 6,110 |
| OPERATING (LOSS) INCOME | (1,009) | 2,051 | (195) |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (91) | (62) | (95) |
| Interest income - affiliate, net | 89 | 24 | 15 |
| Other income, net | 36 | 1 | 5 |
| Total other income (expense), net | 34 | (37) | (75) |
| (LOSS) INCOME BEFORE INCOME TAXES | (975) | 2,014 | (270) |
| Income tax expense | 352 | 527 | 561 |
| NET (LOSS) INCOME | $(1,327) | 1,487 | (831) |
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