QWEST CORP
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in millions) | ||
| OPERATING ACTIVITIES | ||
| Net (loss) income | $(226) | 284 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization | 150 | 191 |
| Net loss on sale of business | 242 | — |
| Deferred income taxes | (298) | 8 |
| Provision for uncollectible accounts | 3 | 10 |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 13 | (7) |
| Accounts payable | (32) | (61) |
| Accrued income and other taxes | 6 | 22 |
| Other current assets and liabilities, net | (11) | (4) |
| Changes in other assets and liabilities, net | 433 | 12 |
| Changes in affiliate obligations, net | (11) | (12) |
| Other, net | (5) | 10 |
| Net cash provided by operating activities | 264 | 453 |
| INVESTING ACTIVITIES | ||
| Capital expenditures | (115) | (203) |
| Proceeds from sale of business | 2,366 | — |
| Changes in advances to affiliates | (1,960) | 658 |
| Net increase in note receivable - affiliates | (539) | (900) |
| Proceeds from sale of property, plant and equipment and other assets | 1 | 6 |
| Net cash used in investing activities | (247) | (439) |
| Net increase in cash, cash equivalents and restricted cash | 17 | 14 |
| Cash, cash equivalents and restricted cash at beginning of period | 40 | 28 |
| Cash, cash equivalents and restricted cash at end of period | $57 | 42 |
| Supplemental cash flow information: | ||
| Income taxes paid, net | $(580) | (84) |
| Interest paid, including affiliate interest (net of capitalized interest of $5 and $10) | (22) | (25) |
| Cash, cash equivalents, and restricted cash: | ||
| Cash and cash equivalents | $56 | 40 |
| Restricted cash included in Other assets, net | 1 | 2 |
| Total | $57 | 42 |
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