QWEST CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that QWEST CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.75B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $5.51B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $5.92B | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $6.45B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $6.95B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $7.31B | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $2.01B | Mar 5, 2020 |
| FY2019 | Sep 30, 2019 | $2.04B | Mar 5, 2020 |
| FY2019 | Jun 30, 2019 | $2.05B | Mar 5, 2020 |
| FY2019 | Mar 31, 2019 | $2.06B | Mar 5, 2020 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.49B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $5.22B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $5.60B | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $6.08B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $6.47B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $6.83B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $7.56B | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $7.86B | Mar 3, 2021 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2016 | Dec 31, 2016 | $6.25B | Mar 2, 2017 |
| FY2016 | Dec 31, 2015 | $6.56B | Mar 2, 2017 |
| FY2016 | Dec 31, 2014 | $6.68B | Mar 2, 2017 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.33B) | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $1.49B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | ($831.00M) | Feb 20, 2026 |
| FY2019 | Dec 31, 2018 | $1.67B | Mar 5, 2020 |
| FY2013 | Dec 31, 2013 | $236.00M | Mar 7, 2014 |
| FY2013 | Sep 30, 2013 | $218.00M | Mar 7, 2014 |
| FY2013 | Jun 30, 2013 | $246.00M | Mar 7, 2014 |
| FY2013 | Mar 31, 2013 | $264.00M | Mar 7, 2014 |
| FY2013 | Dec 31, 2012 | $241.00M | Mar 7, 2014 |
| FY2013 | Sep 30, 2012 | $212.00M | Mar 7, 2014 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.01B) | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $2.05B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | ($195.00M) | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $2.76B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $3.11B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $2.71B | Feb 23, 2023 |
| FY2019 | Dec 31, 2019 | $626.00M | Mar 5, 2020 |
| FY2019 | Sep 30, 2019 | $748.00M | Mar 5, 2020 |
| FY2019 | Jun 30, 2019 | $750.00M | Mar 5, 2020 |
| FY2019 | Mar 31, 2019 | $760.00M | Mar 5, 2020 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $456.00M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $438.00M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $478.00M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $454.00M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $354.00M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $564.00M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $659.00M | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $799.00M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $925.00M | Mar 5, 2020 |
| FY2018 | Dec 31, 2016 | $1.02B | Mar 22, 2019 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.76B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $2.19B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $2.39B | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $2.63B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $3.03B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $3.07B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $3.33B | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $3.79B | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $2.44B | Mar 5, 2020 |
| FY2018 | Dec 31, 2016 | $2.65B | Mar 22, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $15.82B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $17.36B | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | $16.34B | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $18.96B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $18.37B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $18.66B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $21.00B | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $20.58B | Mar 5, 2020 |
| FY2018 | Dec 31, 2017 | $20.87B | Mar 22, 2019 |
| FY2017 | Dec 31, 2016 | $21.15B | Mar 12, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.92B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $12.24B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $10.76B | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $13.57B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $11.65B | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $10.10B | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $10.12B | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $9.87B | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $9.34B | Mar 5, 2020 |
| FY2018 | Dec 31, 2016 | $8.69B | Mar 22, 2019 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.64B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $6.96B | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $6.96B | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $9.36B | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $9.36B | Feb 22, 2024 |
| FY2021 | Dec 31, 2020 | $9.36B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $9.36B | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | $9.36B | Mar 5, 2020 |
| FY2018 | Dec 31, 2017 | $9.36B | Mar 22, 2019 |
| FY2017 | Dec 31, 2016 | $9.35B | Mar 12, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $866.00M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $2.19B | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | $706.00M | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | $3.52B | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | $1.59B | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | $48.00M | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $67.00M | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | ($182.00M) | Mar 5, 2020 |
| FY2018 | Dec 31, 2017 | ($713.00M) | Mar 22, 2019 |
| FY2017 | Dec 31, 2016 | ($1.36B) | Mar 12, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $39.00M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $26.00M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $10.00M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $8.00M | Feb 20, 2025 |
| FY2023 | Dec 31, 2021 | $2.00M | Feb 22, 2024 |
| FY2022 | Dec 31, 2020 | $14.00M | Feb 23, 2023 |
| FY2021 | Dec 31, 2019 | $2.00M | Feb 24, 2022 |
| FY2020 | Dec 31, 2018 | $5.00M | Mar 3, 2021 |
| FY2019 | Dec 31, 2017 | $1.00M | Mar 5, 2020 |
| FY2018 | Dec 31, 2016 | $5.00M | Mar 22, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2021 | Dec 31, 2021 | $2.16B | Feb 24, 2022 |
| FY2021 | Dec 31, 2020 | $3.33B | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | $5.95B | Mar 3, 2021 |
| FY2012 | Dec 31, 2012 | $7.50B | Mar 12, 2013 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Feb 20, 2025 |
| FY2023 | Dec 31, 2022 | 1 | Feb 22, 2024 |
| FY2022 | Dec 31, 2021 | 1 | Feb 23, 2023 |
| FY2021 | Dec 31, 2020 | 1 | Feb 24, 2022 |
| FY2020 | Dec 31, 2019 | 1 | Mar 3, 2021 |
| FY2019 | Dec 31, 2018 | 1 | Mar 5, 2020 |
| FY2018 | Dec 31, 2017 | 1 | Mar 22, 2019 |
| FY2017 | Dec 31, 2016 | 1 | Mar 12, 2018 |