CTBB FY 2020 Earnings Report — Qwest Corp. NT Revenue & Financial Results | Market Cap Arena

Qwest Corp. NTCTBB

FY 2020 Earnings

Reported March 3, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$7.3B	—	—	—	—
Op. Income	$2.7B	—	—	—	—
Gross Margin	73.6%	—	—	—	—
Net Margin	23.3%	—	—	—	—
EPS (Diluted)	$0.00	—	—	—	—
Free Cash Flow	$2.0B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$1.3B
Operating Expenses	$2.7B
Cost & Expenses	$4.6B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$353M
Other Income/Expenses	-$409M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$595M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.3B
EBIT	$2.7B
EBITDA	$4.0B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$7.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$25M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$1.3B
Operating Expenses	$2.7B
Cost & Expenses	$4.6B
OPERATING INCOME	$2.7B
Interest Income	$0
Interest Expense	$353M
Other Income/Expenses	-$409M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$595M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.3B
EBIT	$2.7B
EBITDA	$4.0B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$21M
Deferred Income Tax	$0
Other Non-Cash Items	$178M
Change in Working Capital	-$150M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$1.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.8B
NET CASH FROM INVESTING	$754M
Net Debt Issuance	-$2.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.7B
Other Financing Activities	$592M
NET CASH FROM FINANCING	-$3.8B
FREE CASH FLOW	$2.0B
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$327M
Inventory	$0
Other Current Assets	$119M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$8.4B
Goodwill	$9.4B
Intangible Assets	$343M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$80M
TOTAL NON-CURRENT ASSETS	$18.2B
TOTAL ASSETS	$18.7B
Account Payables	$292M
Short-Term Debt	$2.7B
Deferred Revenue	$0
Other Current Liabilities	$408M
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$2.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$8.6B
Common Stock	$10.1B
Additional Paid-In Capital	$0
Retained Earnings	$48M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.1B
Minority Interest	$0
TOTAL EQUITY	$10.1B
TOTAL LIABILITIES & EQUITY	$18.7B
Total Debt	$5.2B
Net Debt	$5.1B