$CTBB
Stock $ctbb

$ctbb Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000006862221000008 Filed on May 06, 2021

Income Statement

Concept	2021 Q2	2021 Q1	2020 Q1
Revenue	$1.724B	$1.792B	$1.918B
YoY Change	-4.17%	-6.57%	-5.52%
Cost Of Revenue	$440.0M	$439.0M	$473.0M
YoY Change	-10.2%	-7.19%	-18.73%
Gross Profit	$1.284B	$1.353B	$1.445B
YoY Change	-1.91%	-6.37%	-0.21%
Gross Profit Margin	74.48%	75.5%	75.34%
Selling, General & Admin	$106.0M	$107.0M	$143.0M
YoY Change	-23.74%	-25.17%	-8.92%
% of Gross Profit	8.26%	7.91%	9.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$317.0M	$328.0M
YoY Change		-3.35%	-2.38%
% of Gross Profit		23.43%	22.7%
Operating Expenses	$106.0M	$107.0M	$143.0M
YoY Change	-23.74%	-25.17%	-88.96%
Operating Profit	$757.0M	$735.0M	$779.0M
YoY Change	11.49%	-5.65%	2.5%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$76.00M	-$85.00M	-$99.00M
YoY Change	-20.83%	-14.14%	-2.94%
Pretax Income	$681.0M	$650.0M	$680.0M
YoY Change	16.81%	-4.41%	3.34%
Income Tax	$172.0M	$168.0M	$177.0M
% Of Pretax Income	25.26%	25.85%	26.03%
Net Earnings
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding	1.000 shares	1.000 shares	1.000 shares
Diluted Shares Outstanding

Balance Sheet

Concept	2021 Q2	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$7.000M	$10.00M	$8.000M
Short-Term Investments
Other Short-Term Assets	$137.0M	$143.0M	$151.0M
YoY Change	-2.84%	-5.3%	-5.03%
Inventory
Prepaid Expenses	$56.00M	$62.00M	$64.00M
Receivables	$327.0M	$340.0M	$470.0M
Other Receivables
Total Short-Term Assets	$471.0M	$493.0M	$1.324B
YoY Change	-54.76%	-62.76%	-32.62%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.200B	$8.258B	$8.211B
YoY Change	-1.13%	0.57%	2.55%
Goodwill	$9.360B	$9.360B	$9.360B
YoY Change	0.0%	0.0%	0.0%
Intangibles	$231.0M	$245.0M
YoY Change	-59.26%
Long-Term Investments
YoY Change
Other Assets	$146.0M	$149.0M	$94.00M
YoY Change	-21.08%	58.51%	1.08%
Total Long-Term Assets	$17.94B	$18.01B	$18.45B
YoY Change	-2.55%	-2.37%	-1.42%
TOTAL ASSETS
Total Short-Term Assets	$471.0M	$493.0M	$1.324B
Total Long-Term Assets	$17.94B	$18.01B	$18.45B
Total Assets	$18.41B	$18.51B	$19.77B
YoY Change	-5.34%	-6.41%	-4.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$232.0M	$231.0M	$347.0M
YoY Change	-19.44%	-33.43%	-5.19%
Accrued Expenses
YoY Change
Deferred Revenue	$182.0M	$182.0M	$200.0M
YoY Change	-1.62%	-9.0%	-9.5%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.185B	$3.501B	$2.206B
YoY Change	33.1%	58.7%	0.96%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities	$687.0M	$684.0M	$518.0M
YoY Change	-3.78%	32.05%	-5.82%
Total Long-Term Liabilities	$687.0M	$684.0M	$518.0M
YoY Change	-3.78%	32.05%	-5.82%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.185B	$3.501B	$2.206B
Total Long-Term Liabilities	$687.0M	$684.0M	$518.0M
Total Liabilities	$3.872B	$4.185B	$2.724B
YoY Change	24.62%	53.63%	-0.4%
SHAREHOLDERS EQUITY
Retained Earnings	$469.0M	$230.0M	$68.00M
YoY Change	542.47%	238.24%	-251.11%
Common Stock	$10.05B	$10.05B	$10.05B
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$10.52B	$10.28B	$10.12B
YoY Change
Total Liabilities & Shareholders Equity	$18.41B	$18.51B	$19.77B
YoY Change	-5.34%	-6.41%	-4.39%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income
YoY Change
Depreciation, Depletion And Amortization	$317.0M	$328.0M
YoY Change	-3.35%	-2.38%
Cash From Operating Activities	$814.0M	$785.0M
YoY Change	3.69%	7.24%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$211.0M	$830.0M
YoY Change	-125.42%	-321.33%
FINANCING ACTIVITIES
Cash Dividend Paid	$300.0M	$500.0M
YoY Change	-40.0%	42.86%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$235.0M	$1.109B
YoY Change	-78.81%	36866.67%
Cash From Financing Activities	-$607.0M	-$1.609B
YoY Change	-62.27%	355.81%
NET CHANGE
Cash From Operating Activities	$814.0M	$785.0M
Cash From Investing Activities	-$211.0M	$830.0M
Cash From Financing Activities	-$607.0M	-$1.609B
Net Change In Cash	-$4.000M	$6.000M
YoY Change	-166.67%	50.0%
FREE CASH FLOW
Cash From Operating Activities	$814.0M	$785.0M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000068622
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2019	us-gaap	Accounting Standards Update Extensible List AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201613Member
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P2Y9M
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	001-03040
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	QWEST CORPORATION
CY2021Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	CO
CY2021Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	84-0273800
CY2021Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	100 CenturyLink Drive,
CY2021Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Monroe,
CY2021Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	LA
CY2021Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	71203
CY2021Q1	dei	City Area Code CityAreaCode	318
CY2021Q1	dei	Local Phone Number LocalPhoneNumber	388-9000
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1	shares
CY2021Q1	us-gaap	Revenues Revenues	1792000000	USD
CY2020Q1	us-gaap	Revenues Revenues	1918000000	USD
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	439000000	USD
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	473000000	USD
CY2021Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	107000000	USD
CY2020Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	143000000	USD
CY2021Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	194000000	USD
CY2020Q1	us-gaap	Costs And Expenses Related Party CostsAndExpensesRelatedParty	195000000	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	317000000	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	328000000	USD
CY2021Q1	us-gaap	Costs And Expenses CostsAndExpenses	1057000000	USD
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	1139000000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	735000000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	779000000	USD
CY2021Q1	us-gaap	Interest Expense Other InterestExpenseOther	48000000	USD
CY2020Q1	us-gaap	Interest Expense Other InterestExpenseOther	75000000	USD
CY2021Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	31000000	USD
CY2020Q1	us-gaap	Interest Expense Related Party InterestExpenseRelatedParty	16000000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-6000000	USD
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-8000000	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-85000000	USD
CY2020Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-99000000	USD
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	650000000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	680000000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	168000000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	177000000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	482000000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	503000000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10000000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14000000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	53000000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	61000000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	340000000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	364000000	USD
CY2021Q1	us-gaap	Other Assets Current OtherAssetsCurrent	143000000	USD
CY2020Q4	us-gaap	Other Assets Current OtherAssetsCurrent	122000000	USD
CY2021Q1	us-gaap	Assets Current AssetsCurrent	493000000	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	500000000	USD
CY2021Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8522000000	USD
CY2020Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8347000000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8258000000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8309000000	USD
CY2021Q1	us-gaap	Goodwill Goodwill	9360000000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	9360000000	USD
CY2021Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	245000000	USD
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	343000000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	149000000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	147000000	USD
CY2021Q1	lumn	Intangible Assets Net Including Goodwill And Other Assets Noncurrent IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent	9754000000	USD
CY2020Q4	lumn	Intangible Assets Net Including Goodwill And Other Assets Noncurrent IntangibleAssetsNetIncludingGoodwillAndOtherAssetsNoncurrent	9850000000	USD
CY2021Q1	us-gaap	Assets Assets	18505000000	USD
CY2020Q4	us-gaap	Assets Assets	18659000000	USD
CY2021Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	948000000	USD
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	948000000	USD
CY2021Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	231000000	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	292000000	USD
CY2021Q1	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	520000000	USD
CY2020Q4	us-gaap	Due To Related Parties Current And Noncurrent DueToRelatedPartiesCurrentAndNoncurrent	592000000	USD
CY2021Q1	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	1158000000	USD
CY2020Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	1130000000	USD
CY2021Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	147000000	USD
CY2020Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	178000000	USD
CY2021Q1	us-gaap	Taxes Payable Current TaxesPayableCurrent	125000000	USD
CY2020Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	95000000	USD
CY2021Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	190000000	USD
CY2020Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	186000000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	182000000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	183000000	USD
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	3501000000	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3604000000	USD
CY2021Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2156000000	USD
CY2021Q1	lumn	Operating Lease Lease Income Percentof Operating Revenue OperatingLeaseLeaseIncomePercentofOperatingRevenue	0.04
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2386000000	USD
CY2021Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1242000000	USD
CY2020Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1249000000	USD
CY2021Q1	us-gaap	Due To Affiliate Noncurrent DueToAffiliateNoncurrent	642000000	USD
CY2020Q4	us-gaap	Due To Affiliate Noncurrent DueToAffiliateNoncurrent	637000000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	684000000	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	685000000	USD
CY2021Q1	us-gaap	Deferred Credits And Other Liabilities Noncurrent DeferredCreditsAndOtherLiabilitiesNoncurrent	2568000000	USD
CY2020Q4	us-gaap	Deferred Credits And Other Liabilities Noncurrent DeferredCreditsAndOtherLiabilitiesNoncurrent	2571000000	USD
CY2021Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1	shares
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1	shares
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1	shares
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	10050000000	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	10050000000	USD
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	230000000	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	48000000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	10280000000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	10098000000	USD
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	18505000000	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	18659000000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	482000000	USD
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	503000000	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	317000000	USD
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	328000000	USD
CY2021Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-7000000	USD
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-11000000	USD
CY2021Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	7000000	USD
CY2020Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	13000000	USD
CY2021Q1	us-gaap	Increase Decrease In Notes Payable Related Parties Current IncreaseDecreaseInNotesPayableRelatedPartiesCurrent	28000000	USD
CY2020Q1	us-gaap	Increase Decrease In Notes Payable Related Parties Current IncreaseDecreaseInNotesPayableRelatedPartiesCurrent	31000000	USD
CY2021Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-8000000	USD
CY2020Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-12000000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-17000000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-36000000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-7000000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	-20000000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	30000000	USD
CY2020Q1	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	67000000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	64000000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	154000000	USD
CY2021Q1	lumn	Increase Decrease In Other Current Assets And Other Current Liabilities Related Parties IncreaseDecreaseInOtherCurrentAssetsAndOtherCurrentLiabilitiesRelatedParties	0	USD
CY2020Q1	lumn	Increase Decrease In Other Current Assets And Other Current Liabilities Related Parties IncreaseDecreaseInOtherCurrentAssetsAndOtherCurrentLiabilitiesRelatedParties	16000000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	14000000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Noncurrent Assets And Liabilities Net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet	-10000000	USD
CY2021Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	5000000	USD
CY2020Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-18000000	USD
CY2021Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	12000000	USD
CY2020Q1	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	4000000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	814000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	785000000	USD
CY2021Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	219000000	USD
CY2020Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	317000000	USD
CY2021Q1	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	0	USD
CY2020Q1	us-gaap	Proceeds From Collection Of Advance To Affiliate ProceedsFromCollectionOfAdvanceToAffiliate	1147000000	USD
CY2021Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	8000000	USD
CY2020Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-211000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	830000000	USD
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	235000000	USD
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1109000000	USD
CY2021Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	300000000	USD
CY2021Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	79000000	USD
CY2020Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	500000000	USD
CY2021Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-72000000	USD
CY2020Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	0	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-607000000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1609000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	6000000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15000000	USD
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10000000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	172000000	USD
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	179000000	USD
CY2021Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	5000000	USD
CY2020Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	10000000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	37000000	USD
CY2021Q1	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1	reporting_unit
CY2021Q1	lumn	Intangible Assets Gross Including Goodwill IntangibleAssetsGrossIncludingGoodwill	17200000000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	81000000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10000000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8000000	USD
CY2021Q1	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	1000000	USD
CY2020Q1	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	2000000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11000000	USD
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10000000	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	10280000000	USD
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	10118000000	USD
CY2021Q1	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	14	state
CY2021Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	We reclassified certain prior period amounts to conform to the current period presentation, including our revenue by product and service categories.
CY2021Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2020Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	79000000	USD
CY2020Q1	lumn	Operating Lease Lease Income Percentof Operating Revenue OperatingLeaseLeaseIncomePercentofOperatingRevenue	0.04
CY2021Q1	us-gaap	Goodwill Goodwill	9360000000	USD
CY2020Q4	us-gaap	Goodwill Goodwill	9360000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	245000000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	343000000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	110000000	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	124000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	64000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	85000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	60000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	12000000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	10000000	USD
CY2021Q1	lumn	Number Of Categories Of Products And Services NumberOfCategoriesOfProductsAndServices	4	category
CY2021Q1	us-gaap	Revenues Revenues	1792000000	USD
CY2021Q1	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	119000000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1673000000	USD
CY2020Q1	us-gaap	Revenues Revenues	1918000000	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	167000000	USD
CY2020Q1	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	121000000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1797000000	USD
CY2021Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	342000000	USD
CY2020Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	346000000	USD
CY2021Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	12000000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	13000000	USD
CY2021Q1	lumn	Contract With Customer Contract Liability ContractWithCustomerContractLiability	301000000	USD
CY2020Q4	lumn	Contract With Customer Contract Liability ContractWithCustomerContractLiability	300000000	USD
CY2021Q1	us-gaap	Accounts Receivable Gross AccountsReceivableGross	387000000	USD
CY2020Q4	us-gaap	Accounts Receivable Gross AccountsReceivableGross	396000000	USD
CY2021Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	45000000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	50000000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	163000000	USD
CY2020Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	184000000	USD
CY2021Q1	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.99
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	61000000	USD
CY2021Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	7000000	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	17000000	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	2000000	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	53000000	USD
CY2021Q1	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-5000000	USD
CY2020Q4	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-5000000	USD
CY2021Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	54000000	USD
CY2020Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	62000000	USD
CY2021Q1	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	3104000000	USD
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations Including Current Maturities LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities	3334000000	USD
CY2021Q1	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	948000000	USD
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	948000000	USD
CY2021Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2156000000	USD
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	2386000000	USD
CY2021Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	300000000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	951000000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1000000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	250000000	USD
CY2021Q1	lumn	Long Term Debt Maturity Year Five And Thereafter LongTermDebtMaturityYearFiveAndThereafter	1951000000	USD
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	3153000000	USD
CY2021Q1	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	19000000	USD
CY2021Q1	us-gaap	Loss Contingency Patents Allegedly Infringed Number LossContingencyPatentsAllegedlyInfringedNumber	1	patent
CY2020Q1	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	500000000	USD
CY2021Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	62000000	USD
CY2020Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	40000000	USD
CY2021Q1	us-gaap	Capitalized Contract Cost Net Current CapitalizedContractCostNetCurrent	45000000	USD
CY2020Q4	us-gaap	Capitalized Contract Cost Net Current CapitalizedContractCostNetCurrent	47000000	USD
CY2021Q1	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	29000000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	28000000	USD
CY2021Q1	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	7000000	USD
CY2020Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	7000000	USD
CY2021Q1	us-gaap	Other Assets Current OtherAssetsCurrent	143000000	USD
CY2020Q4	us-gaap	Other Assets Current OtherAssetsCurrent	122000000	USD
CY2021Q1	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	451000000	USD
CY2020Q4	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	448000000	USD
CY2021Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	109000000	USD
CY2020Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	108000000	USD
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	70000000	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	76000000	USD
CY2021Q1	us-gaap	Deferred Income Taxes And Other Liabilities Noncurrent DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent	54000000	USD
CY2020Q4	us-gaap	Deferred Income Taxes And Other Liabilities Noncurrent DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent	53000000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	684000000	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	685000000	USD

Files In Submission

Name	View Source	Status
0000068622-21-000008-index-headers.html	Edgar Link	pending
0000068622-21-000008-index.html	Edgar Link	pending
0000068622-21-000008.txt	Edgar Link	pending
0000068622-21-000008-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lumn-20210331.htm	Edgar Link	pending
lumn-20210331.xsd	Edgar Link	pending
lumn-20210331_cal.xml	Edgar Link	unprocessable
lumn-20210331_def.xml	Edgar Link	unprocessable
lumn-20210331_htm.xml	Edgar Link	completed
lumn-20210331_lab.xml	Edgar Link	unprocessable
lumn-20210331_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
qc2021033110qex311.htm	Edgar Link	pending
qc2021033110qex312.htm	Edgar Link	pending
qc2021033110qex321.htm	Edgar Link	pending
qc2021033110qex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CTBB
Stock $ctbb

2021 Q2 Form 10-Q Financial Statement

#000006862221000008 Filed on May 06, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTBB Stock $ctbb

2021 Q2 Form 10-Q Financial Statement

#000006862221000008 Filed on May 06, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTBB
Stock $ctbb