QWEST CORP

CTGG · XNAS

CIK 68622fmd_0J88GSBS9WBP6PQRP13VV394H5Transportation, Communications, Electric, Gas and Sanitary Services · Telephone Communications (No Radiotelephone)Template: Standard

Coverage: Jan 01, 2011 to Mar 31, 2026, 60 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	8,910	8,550	8,395	8,052	7,313	6,951	6,449	5,915	5,508	4,748
Rental revenue	–	555	522	320	312	324	346	304	273	262
Cost of revenue	2,934	2,881	2,669	2,333	1,995	1,722	1,646	1,608	1,505	1,449
Gross profit	5,976	5,669	5,726	5,719	5,318	5,229	4,803	4,307	4,003	3,299
Provision for credit losses	–	–	–	–	66	27	60	66	45	39
Selling, general and administrative	1,020	925	799	659	564	354	454	478	438	456
Total operating expenses	6,586	6,237	5,833	–	–	–	–	–	–	–
Impairment of real estate	11	1	0	–	–	–	–	–	–	–
Operating income	2,324	2,313	2,660	2,884	2,711	3,108	2,755	(195)	2,051	(1,009)
Interest expense	478	465	448	380	279	181	112	95	62	91
Other non-operating income (expense)	(561)	(522)	(501)	(416)	(409)	(292)	(165)	(75)	(37)	34
Income before taxes	1,763	1,791	2,159	2,468	2,302	2,816	2,590	(270)	2,014	(975)
Income tax expense	678	134	494	641	595	709	671	561	527	352
Net income from continuing operations	1,085	1,657	1,665	1,827	1,707	2,107	1,919	(831)	1,487	(1,327)
Net income	–	–	1,665	–	–	–	–	(831)	1,487	(1,327)
Net income to common shareholders	1,085	1,657	1,665	1,827	1,707	2,107	1,919	(831)	1,487	–