Lumen Technologies, Inc
(NYSE:LUMN)

Lumen Technologies, Inc., a facilities-based technology and communications company, provides various integrated services and solutions under CenturyLink name to business and residential customers in the United States and internationally. The company operates through five segments: International and ...

Website: https://www.lumen.com/

Founded: 1968

Full Time Employees: 39,000

CEO: Jeffrey Storey

Sector: Communication Services

Industry: Telecom Services

Communication Services

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-11-07	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2006-03-16

operating revenue	2,899,000,000	3,041,000,000	3,087,000,000	3,092,000,000	3,329,000,000	3,221,000,000	3,268,000,000	3,290,000,000	3,517,000,000	3,641,000,000	3,661,000,000	3,738,000,000	3,800,000,000	4,390,000,000	4,612,000,000	4,676,000,000	4,847,000,000	4,887,000,000	4,924,000,000	5,029,000,000	5,125,000,000	5,167,000,000	5,192,000,000	5,228,000,000	5,570,000,000	5,606,000,000	5,578,000,000	5,647,000,000
yoy	-12.92%	-5.59%	-5.54%	-6.02%	-5.35%	-11.54%	-10.73%	-11.99%	-7.45%	-17.06%	-20.62%	-20.06%	-21.60%	-10.17%	-6.34%	-7.02%	-5.42%	-5.42%	-5.16%	-3.81%	-7.99%	-7.83%	-6.92%	-7.42%
qoq	-4.67%	-1.49%	-0.16%	-7.12%	3.35%	-1.44%	-0.67%	-6.45%	-3.41%	-0.55%	-2.06%	-1.63%	-13.44%	-4.81%	-1.37%	-3.53%	-0.82%	-0.75%	-2.09%	-1.87%	-0.81%	-0.48%	-0.69%	-6.14%	-0.64%	0.50%	-1.22%
operating expenses
cost of services and products	1,435,000,000	1,627,000,000	1,700,000,000	1,624,000,000	1,706,000,000	1,692,000,000	1,653,000,000	1,652,000,000	1,737,000,000	1,850,000,000	1,740,000,000	1,817,000,000	1,826,000,000	1,999,000,000	2,058,000,000	1,985,000,000	2,086,000,000	2,151,000,000	2,115,000,000	2,136,000,000	2,231,000,000	2,236,000,000	2,232,000,000	2,235,000,000	2,521,000,000	2,590,000,000	2,446,000,000	2,520,000,000	2,657,000,000	2,672,000,000	2,730,000,000	2,803,000,000	2,498,000,000	1,927,000,000	1,890,000,000	1,888,000,000	1,929,000,000	1,996,000,000	1,949,000,000	1,900,000,000	1,915,000,000	1,993,000,000	1,959,000,000	1,911,000,000	1,974,000,000	1,975,000,000	1,962,000,000	1,935,000,000	1,920,000,000	1,918,000,000	594,455,000	595,975,000	605,548,000	589,420,000	619,105,000	596,859,000	684,865,000	235,732,000	234,631,000	235,792,000	242,243,000	239,626,000	237,812,000	251,026,000	246,430,000	246,430,000		213,531,000	222,165,000	226,831,000	216,466,000	222,952,000
selling, general and administrative	794,000,000	940,000,000	829,000,000	755,000,000	711,000,000	696,000,000	742,000,000	823,000,000	896,000,000	791,000,000	790,000,000	721,000,000	671,000,000	792,000,000	815,000,000	800,000,000	723,000,000	654,000,000	762,000,000	756,000,000	866,000,000	850,000,000	895,000,000	853,000,000	992,000,000	831,000,000	960,000,000	932,000,000	974,000,000	967,000,000	1,115,000,000	1,109,000,000	1,104,000,000	710,000,000	884,000,000	810,000,000	1,010,000,000	796,000,000	812,000,000	831,000,000	757,000,000	857,000,000	863,000,000	851,000,000	850,000,000	823,000,000	831,000,000	843,000,000	823,000,000	1,047,000,000	268,419,000	275,058,000	278,331,000	301,671,000	282,929,000	335,479,000	448,275,000	120,742,000	109,845,000	101,924,000	98,751,000	106,836,000	91,625,000	99,008,000	101,612,000	101,612,000	97,456,000	91,457,000	84,524,000	94,212,000	95,596,000	95,940,000
net gain on sale of business	-596,000,000
depreciation and amortization	664,000,000	674,000,000	674,000,000	688,000,000	758,000,000	707,000,000	743,000,000	748,000,000	751,000,000	755,000,000	746,000,000	733,000,000	796,000,000	808,000,000	827,000,000	808,000,000	877,000,000	951,000,000	1,041,000,000	1,150,000,000	1,195,000,000	1,193,000,000	1,162,000,000	1,160,000,000	1,210,000,000	1,235,000,000	1,196,000,000	1,188,000,000	1,262,000,000	1,285,000,000	1,290,000,000	1,283,000,000	1,197,000,000	910,000,000	949,000,000	880,000,000	958,000,000	995,000,000	987,000,000	976,000,000	1,053,000,000	1,048,000,000	1,048,000,000	1,040,000,000	1,131,000,000	1,097,000,000	1,093,000,000	1,107,000,000	1,166,000,000	1,135,000,000	368,547,000	364,573,000	357,867,000	357,951,000	353,162,000	356,384,000	362,202,000	128,552,000	127,572,000	128,796,000	128,352,000	130,954,000	135,684,000	137,554,000	136,606,000	136,606,000	134,311,000	127,784,000	127,281,000	129,840,000	131,820,000	134,565,000
total operating expenses	2,297,000,000	3,241,000,000	3,203,000,000	3,695,000,000	3,175,000,000	3,095,000,000	3,133,000,000	3,245,000,000	5,293,000,000	3,418,000,000	12,082,000,000	3,348,000,000	7,084,000,000	3,006,000,000	3,700,000,000	3,593,000,000	3,686,000,000	3,756,000,000	3,918,000,000	4,042,000,000	6,934,000,000	4,279,000,000	4,289,000,000	4,248,000,000	4,723,000,000	4,656,000,000	4,602,000,000	11,146,000,000	7,619,000,000	4,924,000,000	5,135,000,000	5,195,000,000	4,799,000,000	3,547,000,000	3,723,000,000	3,578,000,000	3,897,000,000	3,787,000,000	3,748,000,000	3,707,000,000	3,725,000,000	3,898,000,000	3,870,000,000	3,802,000,000	3,955,000,000	3,895,000,000	3,886,000,000	3,885,000,000	3,901,000,000	5,200,000,000	1,231,421,000	1,235,606,000	1,241,746,000	1,249,042,000	1,255,196,000	1,288,722,000	1,495,342,000	485,026,000	472,048,000	466,512,000	469,346,000	477,416,000	465,121,000	487,588,000	484,648,000	484,648,000	458,155,000	432,772,000	433,970,000	450,883,000	443,882,000	453,457,000
operating income	602,000,000	-200,000,000	-116,000,000	-603,000,000	154,000,000	126,000,000	135,000,000	45,000,000	-1,776,000,000	223,000,000	-8,421,000,000	390,000,000	-3,284,000,000	1,384,000,000	912,000,000	1,083,000,000	1,161,000,000	1,131,000,000	1,006,000,000	987,000,000	-1,809,000,000	888,000,000	903,000,000	980,000,000	847,000,000	950,000,000	976,000,000	-5,499,000,000	-1,841,000,000	894,000,000	767,000,000	750,000,000	524,000,000	487,000,000	367,000,000	631,000,000	392,000,000	595,000,000	650,000,000	694,000,000	751,000,000	656,000,000	549,000,000	649,000,000	483,000,000	619,000,000	655,000,000	653,000,000	641,000,000	-685,000,000	464,298,000	486,371,000	505,355,000	522,988,000	545,230,000	540,338,000	378,983,000	149,443,000	164,337,000	176,442,000	180,727,000	180,690,000	183,493,000	168,974,000	224,185,000	224,185,000	231,836,000	168,083,000	172,897,000	169,200,000	165,249,000	158,192,000
yoy	290.91%	-258.73%	-185.93%	-1440.00%	-108.67%	-43.50%	-101.60%	-88.46%	-45.92%	-83.89%	-1023.36%	-63.99%	-382.86%	22.37%	-9.34%	9.73%	-164.18%	27.36%	11.41%	0.71%	-313.58%	-6.53%	-7.48%	-117.82%	-146.01%	6.26%	27.25%	-833.20%	-451.34%	83.57%	108.99%	18.86%	33.67%	-18.15%	-43.54%	-9.08%	-47.80%	-9.30%	18.40%	6.93%	55.49%	5.98%	-16.18%	-0.61%	-24.65%	-190.36%	41.07%	34.26%	26.84%	-230.98%	-14.84%	-9.99%	33.35%	249.96%	231.78%	206.24%	109.70%	-17.29%	-10.44%	4.42%	-19.38%	-19.40%	-20.85%	0.53%	29.66%	32.50%	40.29%	6.25%
qoq	-401.00%	72.41%	-80.76%	-491.56%	22.22%	-6.67%	200.00%	-102.53%	-896.41%	-102.65%	-2259.23%	-111.88%	-337.28%	51.75%	-15.79%	-6.72%	2.65%	12.43%	1.93%	-154.56%	-303.72%	-1.66%	-7.86%	15.70%	-10.84%	-2.66%	-117.75%	198.70%	-305.93%	16.56%	2.27%	43.13%	7.60%	32.70%	-41.84%	60.97%	-34.12%	-8.46%	-6.34%	-7.59%	14.48%	19.49%	-15.41%	34.37%	-21.97%	-5.50%	0.31%	1.87%	-193.58%	-247.53%	-4.54%	-3.76%	-3.37%	-4.08%	0.91%	42.58%	153.60%	-9.06%	-6.86%	-2.37%	0.02%	-1.53%	8.59%	-24.63%	0.00%	-3.30%	37.93%	-2.78%	2.18%	2.39%	4.46%
operating margin %	20.77%	-6.58%	-3.76%	-19.50%	4.63%	3.91%	4.13%	1.37%	-50.50%	6.12%	-230.02%	10.43%	-86.42%	31.53%	19.77%	23.16%	23.95%	23.14%	20.43%	19.63%	-35.30%	17.19%	17.39%	18.75%	15.21%	16.95%	17.50%	-97.38%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other income	26,000,000	45,000,000	17,000,000	28,000,000	13,000,000	54,000,000	194,000,000	73,000,000			16,000,000	-40,000,000	382,000,000	-84,000,000	-122,000,000	70,000,000	12,000,000	-38,000,000	52,000,000	34,000,000	-3,000,000	1,000,000	24,000,000		-14,000,000	-44,000,000	44,000,000	-5,000,000	-19,000,000	25,000,000	16,000,000	21,000,000	11,000,000	14,000,000	-7,000,000	-6,000,000	2,000,000	-19,000,000	7,000,000	17,000,000	7,000,000	2,000,000	12,000,000	2,000,000	4,000,000	5,000,000	-7,000,000	9,000,000	7,000,000	9,000,000	6,480,000	4,900,000	6,911,000	7,308,000	10,500,000	-63,354,000	9,362,000	7,635,000	-1,818,000	15,517,000	4,113,000	12,907,000	8,417,000	10,639,000	14,761,000	14,761,000	8,080,000	5,290,000	-4,266,000	1,927,000	2,734,000	2,524,000
interest expense	-225,000,000	-280,000,000	-319,000,000	-338,000,000	-357,000,000	-351,000,000	-373,000,000	-291,000,000	-290,000,000	-295,000,000	-294,000,000	-279,000,000	-280,000,000	-363,000,000	-337,000,000	-352,000,000	-372,000,000	-377,000,000	-384,000,000	-389,000,000	-396,000,000	-409,000,000	-414,000,000	-449,000,000	-484,000,000	-496,000,000	-518,000,000	-523,000,000	-539,000,000	-557,000,000	-546,000,000	-535,000,000	-481,000,000	-362,000,000	-320,000,000	-318,000,000	-320,000,000	-327,000,000	-340,000,000	-331,000,000	-328,000,000	-329,000,000	-327,000,000	-328,000,000	-330,000,000	-325,000,000	-325,000,000	-331,000,000	-328,000,000	-329,000,000	-131,545,000	-132,410,000	-139,594,000	-143,249,000	-142,225,000	-133,023,000	-140,422,000	-44,937,000	-52,032,000	-53,446,000	-49,483,000	-49,166,000	-50,122,000	-53,102,000	-55,176,000	-55,176,000	-57,667,000	-46,961,000	-47,375,000	-47,857,000	-50,639,000	-50,086,000
net loss on early retirement of debt	-226,000,000																												-8,500,000	-33,000,000
total other expense	-425,000,000	-309,000,000	-697,000,000	-546,000,000	-273,000,000	-298,000,000			-366,000,000	-308,000,000			102,000,000	-447,000,000	-459,000,000	-282,000,000	-482,000,000	-415,000,000	-332,000,000	-355,000,000	-399,000,000	-408,000,000	-390,000,000	-547,000,000	-498,000,000	-540,000,000	-474,000,000	-528,000,000	-524,000,000	-565,000,000	-530,000,000	-514,000,000	-470,000,000	-348,000,000	-327,000,000	-324,000,000	-318,000,000	-346,000,000	-333,000,000	-314,000,000	-321,000,000	-327,000,000	-315,000,000	-326,000,000
income before income taxes	177,000,000	-509,000,000	-813,000,000	-1,149,000,000	-119,000,000	-172,000,000	-41,000,000	102,000,000	-2,142,000,000	-85,000,000	-8,690,000,000	680,000,000	-3,182,000,000	937,000,000	453,000,000	801,000,000	679,000,000	716,000,000	674,000,000	632,000,000	356,500,000	480,000,000	513,000,000	433,000,000	-1,278,750,000	410,000,000	502,000,000
income tax expense	377,000,000	-507,000,000	-192,000,000	-234,000,000	-204,000,000	-24,000,000	8,000,000	45,000,000	-147,000,000	-7,000,000	46,000,000	169,000,000	-113,000,000	359,000,000	109,000,000	202,000,000	171,000,000	172,000,000	168,000,000	157,000,000	81,000,000	114,000,000	136,000,000	119,000,000	126,000,000	108,000,000	131,000,000	138,000,000	47,000,000	57,000,000	-55,000,000	121,000,000	-1,063,000,000	47,000,000	23,000,000	144,000,000	32,000,000	97,000,000	121,000,000	144,000,000	92,000,000	124,000,000	91,000,000	131,000,000	-31,000,000	111,000,000	130,000,000	128,000,000	91,000,000	40,000,000	127,742,000	133,399,000	141,083,000	147,921,000	160,548,000	116,085,000	99,876,000	42,813,000	43,107,000	38,441,000	50,624,000	52,264,000	53,028,000	11,478,000	70,568,000	70,568,000	69,984,000	48,542,000	44,465,000	47,678,000	85,701,000	43,278,000
net income	-200,000,000	-2,000,000	-621,000,000	-915,000,000	85,000,000	-148,000,000	-49,000,000	57,000,000	-1,995,000,000	-78,000,000	-8,736,000,000	511,000,000	-3,069,000,000	578,000,000	344,000,000	599,000,000	508,000,000	544,000,000	506,000,000	475,000,000	-2,289,000,000	366,000,000	377,000,000	314,000,000	223,000,000	302,000,000	371,000,000	-6,165,000,000	-2,412,000,000	272,000,000	292,000,000	115,000,000	1,117,000,000	92,000,000	17,000,000	163,000,000	42,000,000	152,000,000	196,000,000	236,000,000	338,000,000	205,000,000	143,000,000	192,000,000	188,000,000	188,000,000	193,000,000	203,000,000	239,000,000	-1,045,000,000	211,491,000			239,126,000	252,957,000			69,328,000	67,380,000	100,072,000	84,733,000	92,167,000	88,760,000	115,033,000	113,202,000	113,202,000	112,265,000	77,870,000	71,751,000	76,483,000	152,368,000	69,425,000
yoy	-335.29%	-98.65%	1167.35%	-1705.26%	-104.26%	89.74%	-99.44%	-88.85%	-35.00%	-113.49%	-2639.53%	-14.69%	-704.13%	6.25%	-32.02%	26.11%	-122.19%	48.63%	34.22%	51.27%	-1126.46%	21.19%	1.62%	-105.09%	-109.25%	11.03%	27.05%	-5460.87%	-315.94%	195.65%	1617.65%	-29.45%	2559.52%	-39.47%	-91.33%	-30.93%	-87.57%	-25.85%	37.06%	22.92%	79.79%	9.04%	-25.91%	-5.42%	-21.34%	-117.99%	-8.74%			-537.01%	-16.39%			244.92%	275.42%			-24.78%	-24.09%	-13.01%	-25.15%	-18.58%	-20.94%	47.72%	57.77%	48.01%	-26.32%	12.16%
qoq	9900.00%	-99.68%	-32.13%	-1176.47%	-157.43%	202.04%	-185.96%	-102.86%	2457.69%	-99.11%	-1809.59%	-116.65%	-630.97%	68.02%	-42.57%	17.91%	-6.62%	7.51%	6.53%	-120.75%	-725.41%	-2.92%	20.06%	40.81%	-26.16%	-18.60%	-106.02%	155.60%	-986.76%	-6.85%	153.91%	-89.70%	1114.13%	441.18%	-89.57%	288.10%	-72.37%	-22.45%	-16.95%	-30.18%	64.88%	43.36%	-25.52%	2.13%	0.00%	-2.59%	-4.93%	-15.06%	-122.87%	-594.11%				-5.47%				2.89%	-32.67%	18.10%	-8.07%	3.84%	-22.84%	1.62%	0.00%	0.83%	44.17%	8.53%	-6.19%	-49.80%	119.47%
net income margin %	-6.90%	-0.07%	-20.12%	-29.59%	2.55%	-4.59%	-1.50%	1.73%	-56.72%	-2.14%	-238.62%	13.67%	-80.76%	13.17%	7.46%	12.81%	10.48%	11.13%	10.28%	9.45%	-44.66%	7.08%	7.26%	6.01%	4.00%	5.39%	6.65%	-109.17%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
basic and diluted loss per common share
basic	-200,000	1,749,998.25	-620,000	-920,000	80,000	-150,000	-50,000	60,000	-2,030,000	-80,000	-8,880,000	520,000	-3,040,000	570,000	340,000	590,000	500,000	510,000	470,000	440,000	-2,120,000	340,000	350,000	290,000	210,000	280,000	350,000	-5,770,000	-2,270,000	250,000	270,000	110,000	1,710,000	170,000	30,000	300,000	80,000	280,000	360,000	440,000	610,000	370,000	260,000	340,000	330,000	330,000	340,000	350,000	390,000	-1,760,000
diluted	-200,000	1,749,998.25	-620,000	-920,000	80,000	-150,000	-50,000	60,000	-2,030,000	-80,000	-8,880,000	520,000	-3,040,000	570,000	340,000	590,000	500,000	510,000	460,000	440,000	-2,120,000	340,000	350,000	290,000	210,000	280,000	350,000	-5,770,000	-2,260,000	250,000	270,000	110,000	1,710,000	170,000	30,000	300,000	80,000	280,000	360,000	440,000	610,000	370,000	260,000	340,000	340,000	330,000	340,000	350,000	390,000	-1,760,000
weighted-average common shares outstanding
basic	998,891,000,000	994,548	995,998,000,000	994,543,000,000	987,680,000,000	988,794,000,000	987,239,000,000	984,855,000,000	983,081,000,000	983,550,000,000	983,453,000,000	981,555,000,000	1,007,517,000,000	1,013,124,000,000	1,012,943,000,000	1,008,430,000,000	1,059,541,000,000	1,062,084,000,000	1,086,453,000,000	1,082,474,000,000	1,079,130,000,000	1,080,505,000,000	1,079,475,000,000	1,075,459,000,000	1,071,441,000,000	1,072,543,000,000	1,071,341,000,000	1,068,878,000,000	1,065,866,000,000	1,066,904,000,000	1,064,711,000,000	1,065,796,000,000	627,808,000,000	541,521,000,000	541,361,000,000	540,458,000,000	539,549,000,000	539,806,000,000	539,627,000,000	538,799,000,000	554,278,000,000	554,897,000,000	558,640,000,000	561,969,000,000	568,435,000,000	565,965,000,000	567,915,000,000	574,535,000,000	600,892,000,000	594,587,000,000
diluted	998,891,000,000	994,548	995,998,000,000	994,543,000,000	987,680,000,000	988,794,000,000	987,239,000,000	986,262,000,000	983,081,000,000	983,550,000,000	983,453,000,000	982,283,000,000	1,007,517,000,000	1,017,013,000,000	1,016,620,000,000	1,015,215,000,000	1,066,778,000,000	1,069,157,000,000	1,093,402,000,000	1,091,586,000,000	1,079,130,000,000	1,085,666,000,000	1,082,567,000,000	1,081,754,000,000	1,071,441,000,000	1,074,790,000,000	1,072,813,000,000	1,068,878,000,000	1,065,866,000,000	1,072,351,000,000	1,068,819,000,000	1,069,183,000,000	628,693,000,000	541,963,000,000	542,151,000,000	541,522,000,000	540,679,000,000	540,917,000,000	540,375,000,000	540,187,000,000	555,093,000,000	555,156,000,000	559,220,000,000	563,505,000,000	569,739,000,000	567,432,000,000	569,032,000,000	575,456,000,000	600,892,000,000	594,587,000,000
net loss on sale of business					4,250,000
goodwill impairment				628,000,000					1,900,000,000		8,793,000,000																	6,506,000,000
net gain on early retirement of debt		-74,000,000	-395,000,000	-236,000,000	71,000,000	-1,000,000	3,000,000	275,000,000			9,000,000	609,000,000
basic and diluted earnings per common share
basic	-200,000	1,749,998.25	-620,000	-920,000	80,000	-150,000	-50,000	60,000	-2,030,000	-80,000	-8,880,000	520,000	-3,040,000	570,000	340,000	590,000	500,000	510,000	470,000	440,000	-2,120,000	340,000	350,000	290,000	210,000	280,000	350,000	-5,770,000	-2,270,000	250,000	270,000	110,000	1,710,000	170,000	30,000	300,000	80,000	280,000	360,000	440,000	610,000	370,000	260,000	340,000	330,000	330,000	340,000	350,000	390,000	-1,760,000
diluted	-200,000	1,749,998.25	-620,000	-920,000	80,000	-150,000	-50,000	60,000	-2,030,000	-80,000	-8,880,000	520,000	-3,040,000	570,000	340,000	590,000	500,000	510,000	460,000	440,000	-2,120,000	340,000	350,000	290,000	210,000	280,000	350,000	-5,770,000	-2,260,000	250,000	270,000	110,000	1,710,000	170,000	30,000	300,000	80,000	280,000	360,000	440,000	610,000	370,000	260,000	340,000	340,000	330,000	340,000	350,000	390,000	-1,760,000
loss on sale of business							-5,000,000	22,000,000
total other income							-176,000,000	57,000,000			-269,000,000	290,000,000																																	-326,000,000	-320,000,000	-332,000,000	-322,000,000	-311,000,000	-320,000,000	-125,065,000	-127,510,000	-132,683,000	-135,941,000	-131,725,000	-196,377,000	-131,060,000	-37,302,000	-53,850,000	-37,929,000	-45,370,000	-36,259,000	-41,705,000	-42,463,000	-40,415,000	-40,415,000	-49,587,000	-41,671,000	-56,681,000	-45,039,000	72,820,000	-45,489,000
gain on sale of business													-148,250,000	-593,000,000
loss on disposal group held for sale									28,000,000	22,000,000	13,000,000	77,000,000
other expense									-9,250,000	-13,000,000
other loss																								-98,000,000
income before income tax expense																												-6,027,000,000	-2,365,000,000	329,000,000	237,000,000	236,000,000	54,000,000	139,000,000	40,000,000	307,000,000	74,000,000	249,000,000	317,000,000	380,000,000	430,000,000	329,000,000	234,000,000	323,000,000	157,000,000	299,000,000	323,000,000	331,000,000	330,000,000	-1,005,000,000	339,233,000	358,861,000	372,672,000	387,047,000	413,505,000	343,961,000	247,923,000	112,141,000	110,487,000	138,513,000	135,357,000	144,431,000	141,788,000	126,511,000	183,770,000	183,770,000	182,249,000	126,412,000	116,216,000	124,161,000	238,069,000	112,703,000
operating revenues																													4,416,250,000	5,818,000,000	5,902,000,000	5,945,000,000	5,323,000,000	4,034,000,000	4,090,000,000	4,209,000,000	4,289,000,000	4,382,000,000	4,398,000,000	4,401,000,000	4,476,000,000	4,554,000,000	4,419,000,000	4,451,000,000	4,438,000,000	4,514,000,000	4,541,000,000	4,538,000,000	4,542,000,000	4,515,000,000	1,695,719,000	1,721,977,000	1,747,101,000	1,772,030,000	1,800,426,000	1,829,060,000	1,874,325,000	634,469,000	636,385,000	642,954,000	650,073,000	658,106,000	648,614,000	656,562,000	708,833,000	708,833,000	689,991,000	600,855,000	606,867,000	620,083,000	609,131,000	611,649,000
dividends declared per common share																															540,000	540,000	405,000	540,000	540,000	540,000	405,000	540,000	540,000	540,000	405,000	540,000	540,000	540,000	405,000	540,000	540,000	540,000	405,000	540,000
impairment of goodwill																																																	-8,000,000	1,100,000,000
less: net income attributable to noncontrolling interests																																																			-396,000	-283,250	-422,000	-355,000	-356,000			-298,000	-226,000
net income attributable to centurylink, inc.																																																			211,095,000	225,166,000	231,167,000	238,771,000
basic earnings per share																																																			0.69	0.73	0.76	0.79	0.84	0.73	0.94	0.68	0.67	1	0.84	0.89	0.84	1.05	1.04	1.04	1.03	0.7	0.64	0.66	1.32	0.57
diluted earnings per share																																																			0.69	0.74	0.76	0.79	0.84	0.73	0.94	0.68	0.67	1.01	0.84	0.88	0.83	1.04	1.01	1.01	1	0.68	0.62	0.65	1.26	0.55
dividends per common share																																																			0.725	0.725	0.725	0.725	0.725	0.7	0.7	0.7	0.7	0.7	1.333	0.068	0.068	0.065	0.065	0.065	0.065	0.065	0.063	0.063	0.063	0.063
average basic shares outstanding																																																			303,832	561	300,702	300,058	299,413	33,255	298,133	99,414	99,126	-1,128	100,402	103,644	106,142	-118	108,996	108,996	108,405	111,031	-1,014	115,221	115,441	122,394
average diluted shares outstanding																																																			304,479	634	301,386	300,605	299,997	33,391	298,403	99,450	99,144	-1,215	100,988	104,273	106,997	-992	112,229	112,229	113,721	116,308	-1,119	120,448	121,636	127,959
income before noncontrolling interests and extraordinary item																																																				225,462,000	231,589,000			227,876,000	148,047,000
net income before extraordinary item																																																				225,166,000	231,167,000			227,435,000	147,635,000
extraordinary item, net of income tax expense and noncontrolling interests																																																								2,744,000	133,213,000
income before extraordinary item																																																				0.6	0.76			0.85	0.49
extraordinary item																																																								-0.12	0.44
net income attributable to centurytel, inc.																																																							252,601,000	104,258,000	280,848,000	69,030,000	67,154,000
noncontrolling interests																																																								-441,000	-412,000
cost of services and products (exclusive of
depreciation and amortization)																																																																			226,388,000
income from unconsolidated cellular entity																																																																					1,260,000	891,000	2,076,000	2,073,000
nonrecurring gains																																																																							118,649,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-11-07	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2006-03-16	2005-12-31

assets
current assets
cash and cash equivalents	1,625,000,000	2,401,000,000	1,568,000,000	1,889,000,000	2,640,000,000	1,495,000,000	1,580,000,000	2,234,000,000	311,000,000	411,000,000	1,148,000,000	1,251,000,000	252,000,000	360,000,000	366,000,000	354,000,000	635,000,000	935,000,000	486,000,000	406,000,000	526,000,000	1,763,000,000	1,564,000,000	1,690,000,000	1,404,000,000	410,000,000	441,000,000	488,000,000	390,000,000	700,000,000	501,000,000	551,000,000	160,000,000	342,000,000	214,000,000	222,000,000	140,000,000	191,000,000	438,000,000	126,000,000	355,000,000	155,000,000	155,000,000	128,000,000	734,000,000	181,000,000	219,000,000	168,000,000	266,000,000	269,659,000	172,943,000	243,061,000	186,357,000	206,490,000	161,807,000	531,189,000	59,144,000	61,230,000	243,327,000	258,957,000	63,900,000	37,539,000	34,402,000	58,714,000	58,714,000	43,525,000	763,749,000	25,668,000	32,694,000	1,769,000	15,320,000	158,846,000	158,846,000
accounts receivable	1,603,000,000
assets held for sale		3,787,000,000	3,692,000,000					104,000,000	1,942,000,000	2,005,000,000	1,946,000,000	1,889,000,000	6,779,000,000	9,089,000,000	9,025,000,000	8,809,000,000	8,682,000,000						7,000,000	8,000,000	8,000,000	8,000,000	3,000,000	12,000,000	19,000,000	15,000,000	140,000,000	140,000,000	7,000,000	7,000,000	2,343,000,000	2,376,000,000
other current assets	893,000,000	1,256,000,000	1,211,000,000
total current assets	4,121,000,000	8,707,000,000	7,737,000,000	4,394,000,000	4,736,000,000	3,760,000,000	3,935,000,000	4,775,000,000	4,646,000,000	4,873,000,000	5,405,000,000	5,420,000,000	9,382,000,000	11,790,000,000	11,772,000,000	11,536,000,000	11,701,000,000	3,746,000,000	3,293,000,000	3,176,000,000	3,504,000,000	4,858,000,000	4,690,000,000	4,768,000,000	4,589,000,000	3,878,000,000	3,820,000,000	3,820,000,000	4,114,000,000	4,451,000,000	4,183,000,000	4,194,000,000	2,694,000,000	2,908,000,000	4,968,000,000	5,162,000,000	2,728,000,000	2,791,000,000	2,926,000,000	2,650,000,000	3,350,000,000	3,305,000,000	3,468,000,000	3,576,000,000	4,018,000,000	3,598,000,000	3,748,000,000	3,907,000,000	3,812,000,000	1,140,736,000	1,143,129,000	1,227,107,000	1,083,650,000	1,040,987,000	1,123,591,000	1,458,258,000	320,303,000	320,630,000	555,407,000	508,783,000	331,316,000	292,237,000	292,399,000	327,880,000	327,880,000	294,406,000	1,012,863,000	290,117,000	268,546,000	240,252,000	253,083,000	423,016,000	423,016,000
property, plant and equipment, net of accumulated depreciation	19,926,000,000	19,107,000,000	18,665,000,000	20,421,000,000	20,344,000,000	20,089,000,000	19,908,000,000	19,758,000,000	19,606,000,000	19,432,000,000	19,321,000,000	19,166,000,000	20,713,000,000	20,720,000,000	20,829,000,000	20,895,000,000	20,926,000,000	25,993,000,000	26,091,000,000	26,338,000,000	26,290,000,000	26,079,000,000	25,956,000,000	26,079,000,000	25,874,000,000	25,860,000,000	25,793,000,000		26,168,000,000	26,494,000,000	26,826,000,000
other assets	2,335,000,000	2,061,000,000	2,049,000,000																																																639,776,000				643,823,000	630,768,000
intangible assets	4,240,000,000
total other assets	6,575,000,000
total assets	30,622,000,000	34,286,000,000	32,976,000,000	33,496,000,000	33,989,000,000	32,943,000,000	33,173,000,000	34,018,000,000	35,921,000,000	36,168,000,000	45,530,000,000	45,581,000,000	54,817,000,000	57,675,000,000	58,037,000,000	57,993,000,000	58,308,000,000	58,947,000,000	58,828,000,000	59,394,000,000	62,599,000,000	64,171,000,000	64,056,000,000	64,742,000,000	64,728,000,000	64,508,000,000	64,788,000,000	70,256,000,000	73,371,000,000	74,346,000,000	74,793,000,000	75,611,000,000	50,536,000,000	50,925,000,000	46,602,000,000	47,017,000,000	46,796,000,000	47,118,000,000	47,517,000,000	47,604,000,000	48,754,000,000	48,977,000,000	49,520,000,000	50,147,000,000	50,646,000,000	50,614,000,000	51,166,000,000	51,787,000,000	51,984,000,000	21,901,458,000	22,038,098,000	22,220,210,000	22,199,584,000	22,321,544,000	22,562,729,000	22,957,063,000	7,886,700,000	7,933,813,000	8,254,195,000	8,272,902,000	8,168,064,000	8,118,127,000	8,184,553,000	8,232,650,000	8,232,650,000	8,273,536,000	8,090,111,000	7,441,007,000	7,405,626,000	7,433,984,000	7,524,141,000	7,762,707,000	7,762,707,000
liabilities and stockholders' deficit
current liabilities
current maturities of long-term debt	35,000,000	94,000,000	331,000,000	412,000,000	415,000,000	192,000,000	86,000,000	157,000,000	155,000,000	154,000,000	153,000,000	154,000,000	3,474,000,000	156,000,000	156,000,000	1,554,000,000	2,501,000,000	2,595,000,000	3,841,000,000	2,427,000,000	1,487,000,000	2,885,000,000	1,129,000,000	2,300,000,000	1,744,000,000	1,595,000,000	632,000,000	652,000,000	778,000,000	437,000,000	437,000,000	443,000,000	124,000,000	196,000,000	1,499,000,000	1,503,000,000	1,534,000,000	1,451,000,000	517,000,000	1,503,000,000	1,910,000,000	1,519,000,000	202,000,000	550,000,000	1,169,000,000	1,188,000,000	1,126,000,000	785,000,000	191,000,000	11,539,000	11,583,000	496,552,000	496,559,000	500,071,000	500,065,000	769,482,000	19,924,000	20,148,000	20,407,000	45,357,000	45,344,000	45,444,000	279,898,000	254,895,000	254,895,000	424,307,000	360,749,000	155,012,000	194,117,000	381,455,000	280,456,000	276,736,000	276,736,000
accounts payable	1,227,000,000	1,089,000,000	831,000,000	749,000,000	905,000,000	995,000,000	1,162,000,000	1,134,000,000	1,015,000,000	1,171,000,000	1,131,000,000	950,000,000	1,009,000,000	1,053,000,000	902,000,000	758,000,000	829,000,000	966,000,000	1,017,000,000	1,134,000,000	1,364,000,000	1,448,000,000	1,581,000,000	1,724,000,000	1,712,000,000	1,634,000,000	1,481,000,000	1,933,000,000	1,387,000,000	1,360,000,000	1,508,000,000	1,555,000,000	939,000,000	944,000,000	994,000,000	1,179,000,000	1,036,000,000	1,067,000,000	1,039,000,000	968,000,000	1,087,000,000	1,049,000,000	1,068,000,000	1,226,000,000	1,069,000,000	1,153,000,000	1,183,000,000	1,111,000,000	1,158,000,000	298,687,000	299,619,000	292,675,000	299,066,000	334,695,000	394,687,000	331,695,000	139,847,000	125,218,000	135,086,000	98,736,000	114,762,000	108,308,000	120,381,000	97,914,000	97,914,000	135,185,000	126,765,000	129,350,000	108,230,000	101,891,000	99,810,000	104,444,000	104,444,000
accrued expenses and other liabilities
salaries and benefits	635,000,000	760,000,000	588,000,000	716,000,000	700,000,000	605,000,000	578,000,000	696,000,000	733,000,000	605,000,000	590,000,000	692,000,000	788,000,000	705,000,000	687,000,000	860,000,000	873,000,000	931,000,000	846,000,000	1,008,000,000	898,000,000	917,000,000	729,000,000	1,037,000,000	882,000,000	921,000,000	823,000,000	1,104,000,000	993,000,000	929,000,000	798,000,000	890,000,000	679,000,000	669,000,000	583,000,000	802,000,000	548,000,000	562,000,000	462,000,000	602,000,000	682,000,000	576,000,000	578,000,000	641,000,000	699,000,000	572,000,000	598,000,000	650,000,000	679,000,000	176,078,000	159,258,000	197,898,000	243,401,000	221,491,000	255,103,000	300,150,000	56,507,000	48,366,000	99,648,000	89,793,000	95,847,000	49,109,000	64,380,000	55,780,000	55,780,000	57,749,000	45,077,000	54,100,000	56,229,000	59,057,000	57,054,000	60,521,000	60,521,000
income and other taxes	587,000,000	323,000,000	285,000,000	272,000,000	434,000,000	597,000,000	761,000,000	251,000,000	287,000,000	234,000,000	1,303,000,000	1,158,000,000	275,000,000	233,000,000	244,000,000	228,000,000	280,000,000	294,000,000	346,000,000	314,000,000	378,000,000	337,000,000	354,000,000	311,000,000	388,000,000	374,000,000	386,000,000	337,000,000	409,000,000	344,000,000	390,000,000	370,000,000	357,000,000	290,000,000	460,000,000	301,000,000	330,000,000	505,000,000	458,000,000	318,000,000	535,000,000	423,000,000	418,000,000	309,000,000	372,000,000	342,000,000	410,000,000	339,000,000	397,000,000
current operating lease liabilities	290,000,000	273,000,000	275,000,000	253,000,000	263,000,000	281,000,000	282,000,000	268,000,000	296,000,000	323,000,000	326,000,000	344,000,000	396,000,000	400,000,000	383,000,000	385,000,000	389,000,000	389,000,000	387,000,000	379,000,000	401,000,000	474,000,000	416,000,000	416,000,000	419,000,000	488,000,000	561,000,000
interest	113,000,000	133,000,000	151,000,000	197,000,000	236,000,000	219,000,000	110,000,000	168,000,000	139,000,000	176,000,000	88,000,000	181,000,000	184,000,000	253,000,000	207,000,000	278,000,000	229,000,000	301,000,000	285,000,000	291,000,000	278,000,000	303,000,000	337,000,000	280,000,000	328,000,000	294,000,000	352,000,000	316,000,000	362,000,000	343,000,000	386,000,000	363,000,000	309,000,000	262,000,000	321,000,000	260,000,000	320,000,000	258,000,000	318,000,000	250,000,000	329,000,000	260,000,000	315,000,000	256,000,000	330,000,000	264,000,000	340,000,000	273,000,000	355,000,000	162,816,000	104,156,000	178,348,000	120,163,000	179,992,000	108,020,000	210,425,000	73,260,000	77,472,000	75,769,000	75,010,000	74,442,000	75,032,000	80,103,000	76,786,000	76,786,000	83,704,000	55,985,000	73,725,000	56,026,000	74,738,000	54,544,000	71,580,000	71,580,000
other current liabilities	229,000,000	224,000,000	179,000,000
liabilities held for sale		36,000,000	110,000,000					4,000,000	478,000,000	496,000,000	472,000,000	451,000,000	1,792,000,000	2,249,000,000	2,250,000,000	2,257,000,000	2,291,000,000
current portion of deferred revenue	1,055,000,000	1,000,000,000	882,000,000	861,000,000	808,000,000	670,000,000	665,000,000	647,000,000	643,000,000	627,000,000	607,000,000	596,000,000	624,000,000	625,000,000	642,000,000	617,000,000	624,000,000	748,000,000	758,000,000	753,000,000	738,000,000	759,000,000	788,000,000		798,000,000	852,000,000	841,000,000		983,000,000	750,000,000
total current liabilities	4,171,000,000	3,932,000,000	3,632,000,000	3,639,000,000	3,940,000,000	3,738,000,000	3,816,000,000	3,534,000,000	3,920,000,000	3,963,000,000	4,848,000,000	4,803,000,000	8,715,000,000	5,781,000,000	5,655,000,000	7,169,000,000	8,300,000,000	6,510,000,000	7,787,000,000	6,634,000,000	5,879,000,000	7,472,000,000	5,703,000,000	7,258,000,000	6,589,000,000	6,495,000,000	5,373,000,000	5,531,000,000	5,286,000,000	4,521,000,000	4,767,000,000	4,857,000,000	3,266,000,000	3,243,000,000	5,096,000,000	5,349,000,000	4,733,000,000	4,842,000,000	3,826,000,000	4,604,000,000	5,547,000,000	4,797,000,000	3,579,000,000	3,918,000,000	4,577,000,000	4,443,000,000	4,621,000,000	4,409,000,000	3,978,000,000	1,073,007,000	1,011,042,000	1,649,728,000	1,629,586,000	1,761,063,000	1,707,195,000	2,149,277,000	447,417,000	414,862,000	458,390,000	474,713,000	490,118,000	526,033,000	736,535,000	679,916,000	679,916,000	960,274,000	770,096,000	617,565,000	614,210,000	820,096,000	978,377,000	746,230,000	746,230,000
long-term debt	12,925,000,000	17,578,000,000	17,565,000,000	17,494,000,000	18,142,000,000	18,411,000,000	18,591,000,000	19,831,000,000	19,740,000,000	19,899,000,000	19,743,000,000	20,418,000,000	21,764,000,000	27,965,000,000	28,397,000,000	27,428,000,000	27,260,000,000	28,574,000,000	27,599,000,000	29,410,000,000	31,105,000,000	31,414,000,000	33,481,000,000	32,394,000,000	33,381,000,000	33,193,000,000	34,858,000,000	35,409,000,000	35,749,000,000	36,878,000,000	36,940,000,000	37,283,000,000	24,854,000,000	24,881,000,000	18,180,000,000	18,185,000,000	18,184,000,000	18,165,000,000	19,508,000,000	18,722,000,000	18,504,000,000	18,834,000,000	20,254,000,000	20,121,000,000	19,982,000,000	19,771,000,000	19,814,000,000	20,181,000,000	20,391,000,000	7,168,251,000	7,316,004,000	7,061,744,000	7,178,646,000	7,221,018,000	7,253,653,000	7,454,515,000	2,899,936,000	3,002,402,000	3,294,119,000	3,299,266,000	3,016,243,000	2,881,310,000	2,734,357,000	2,747,576,000	2,747,576,000	2,735,073,000	2,916,511,000	2,412,852,000	2,417,807,000	2,239,263,000	2,353,859,000	2,376,070,000	2,376,070,000
deferred credits and other liabilities																																																									1,353,025,000	1,341,340,000	1,338,446,000	1,302,683,000	1,286,666,000	1,310,800,000	1,304,456,000	1,440,737,000	1,440,737,000	1,441,155,000	1,276,274,000	1,219,639,000	1,068,570,000	1,073,065,000	1,049,124,000	1,023,134,000	1,023,134,000
deferred income taxes	1,887,000,000	2,314,000,000	2,496,000,000	2,890,000,000	3,138,000,000	3,142,000,000	3,143,000,000	3,127,000,000	3,192,000,000	3,204,000,000	3,200,000,000	3,163,000,000	4,595,000,000	4,254,000,000	4,222,000,000	4,049,000,000	3,732,000,000	3,643,000,000	3,471,000,000	3,342,000,000	3,232,000,000	3,094,000,000	2,957,000,000	2,918,000,000	2,910,000,000	2,826,000,000	2,701,000,000	2,527,000,000	2,502,000,000	2,407,000,000	2,196,000,000	2,413,000,000	3,128,000,000	3,230,000,000	3,461,000,000	3,471,000,000	3,653,000,000	3,625,000,000	3,596,000,000	3,569,000,000	450,000,000	596,000,000	718,000,000	880,000,000	715,000,000	803,000,000	1,010,000,000	1,165,000,000	1,004,000,000	2,408,054,000	2,368,698,000	2,260,097,000	2,216,831,000	2,218,967,000	2,256,579,000	2,157,468,000
benefit plan obligations	1,966,000,000	2,140,000,000	2,152,000,000	2,205,000,000	2,249,000,000	2,437,000,000	2,457,000,000	2,490,000,000	2,322,000,000	2,335,000,000	2,358,000,000	2,391,000,000	3,192,000,000	3,553,000,000	3,634,000,000	3,710,000,000	3,980,000,000	4,321,000,000	4,435,000,000	4,556,000,000	4,345,000,000	4,428,000,000	4,516,000,000	4,594,000,000	4,140,000,000	4,213,000,000	4,265,000,000	4,319,000,000	4,392,000,000	4,884,000,000	5,085,000,000	5,178,000,000	5,183,000,000	5,362,000,000	5,448,000,000	5,527,000,000	5,228,000,000	5,390,000,000	5,445,000,000	5,511,000,000	5,534,000,000	5,696,000,000	5,755,000,000	5,808,000,000	3,761,000,000	3,924,000,000	4,012,000,000	4,049,000,000	5,488,000,000	1,196,382,000	1,305,997,000	1,242,322,000	1,229,006,000	1,229,970,000	1,485,564,000	1,514,092,000
deferred revenue	8,008,000,000	6,200,000,000	4,450,000,000	3,733,000,000	3,541,000,000	2,112,000,000	2,021,000,000	1,969,000,000	1,902,000,000	1,850,000,000	1,808,000,000
other liabilities	2,982,000,000	3,295,000,000	3,276,000,000
total deferred credits and other liabilities	14,843,000,000	13,949,000,000	12,374,000,000	11,899,000,000	11,565,000,000	10,328,000,000	10,262,000,000	10,236,000,000	10,042,000,000	10,022,000,000	9,944,000,000	9,923,000,000	11,761,000,000	11,710,000,000	11,703,000,000	11,556,000,000	11,565,000,000	12,157,000,000	12,139,000,000	12,188,000,000	11,926,000,000	11,823,000,000	11,581,000,000	11,620,000,000	11,084,000,000	11,128,000,000	11,014,000,000	9,488,000,000	9,533,000,000	9,958,000,000	9,643,000,000	9,980,000,000	9,456,000,000	9,715,000,000	10,020,000,000	10,084,000,000	9,987,000,000	10,126,000,000	10,147,000,000	10,218,000,000	10,453,000,000	10,759,000,000	10,922,000,000	11,085,000,000	9,642,000,000	9,802,000,000	9,933,000,000	10,006,000,000	10,901,000,000	4,001,593,000	4,063,893,000	3,902,884,000	3,840,256,000	3,838,210,000	4,135,082,000	3,989,242,000
commitments and contingencies
stockholders' deficit
preferred stock—non-redeemable, 25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares
common stock	19,165,000,000	19,173,000,000	19,162,000,000	19,149,000,000	1,015,000,000	1,016,000,000	1,016,000,000	1,008,000,000	1,008,000,000	1,008,000,000	1,005,000,000	1,002,000,000	1,035,000,000	1,032,000,000	1,033,000,000	1,024,000,000	1,031,000,000	1,105,000,000	1,106,000,000	1,097,000,000	1,097,000,000	1,097,000,000	1,098,000,000	1,090,000,000	1,090,000,000	1,090,000,000	1,090,000,000	1,080,000,000	1,081,000,000	1,079,000,000	1,079,000,000	1,069,000,000	550,000,000	550,000,000	549,000,000	547,000,000	547,000,000	546,000,000	546,000,000	544,000,000	554,000,000	563,000,000	566,000,000	569,000,000	571,000,000	571,000,000	575,000,000	584,000,000	593,000,000	305,778,000	304,948,000	302,685,000	301,266,000		299,189,000	297,467,000	101,140,000	100,579,000	100,277,000	100,121,000		106,259,000	108,492,000	111,179,000	111,179,000		110,311,000	113,254,000	115,400,000			131,074,000	131,074,000
accumulated other comprehensive loss	-581,000,000	-647,000,000	-679,000,000	-723,000,000	-766,000,000	-786,000,000	-799,000,000	-810,000,000	-1,057,000,000	-1,053,000,000	-1,069,000,000	-1,099,000,000	-2,202,000,000	-2,217,000,000	-2,047,000,000	-2,158,000,000	-2,577,000,000	-2,710,000,000	-2,845,000,000	-2,813,000,000	-2,795,000,000	-2,902,000,000	-2,955,000,000	-2,680,000,000	-2,499,000,000	-2,419,000,000	-2,429,000,000	-2,461,000,000	-2,454,000,000	-2,490,000,000	-2,288,000,000	-1,995,000,000	-1,994,000,000	-2,050,000,000	-2,086,000,000	-2,117,000,000	-1,855,000,000	-1,881,000,000	-1,907,000,000	-1,934,000,000	-1,941,000,000	-1,959,000,000	-2,001,000,000	-2,017,000,000	-789,000,000	-779,000,000	-795,000,000	-802,000,000	-1,660,000,000
accumulated deficit	-19,901,000,000	-19,699,000,000	-19,078,000,000	-17,962,000,000	-18,047,000,000	-17,899,000,000	-17,850,000,000	-17,907,000,000	-15,849,000,000	-15,771,000,000	-7,035,000,000	-7,546,000,000	-4,477,000,000	-5,055,000,000	-5,399,000,000	-5,998,000,000	-6,506,000,000	-7,050,000,000	-7,556,000,000	-8,031,000,000	-5,743,000,000	-6,109,000,000	-6,486,000,000	-6,814,000,000	-7,018,000,000	-7,321,000,000	-7,693,000,000							-51,000,000
total stockholders' deficit	-1,317,000,000
total liabilities and stockholders' deficit	30,622,000,000
accounts receivables		1,263,000,000	1,266,000,000	1,231,000,000	1,225,000,000	1,294,000,000	1,322,000,000	1,318,000,000	1,411,000,000	1,473,000,000	1,432,000,000	1,477,000,000	1,457,000,000	1,460,000,000	1,419,000,000	1,544,000,000	1,541,000,000	1,905,000,000	1,883,000,000	1,962,000,000	2,143,000,000	2,182,000,000	2,175,000,000	2,259,000,000	2,290,000,000	2,446,000,000	2,347,000,000	2,398,000,000	2,465,000,000	2,471,000,000	2,432,000,000	2,557,000,000	1,888,000,000	1,868,000,000	1,854,000,000	2,017,000,000	1,957,000,000	1,972,000,000	1,871,000,000	1,943,000,000	1,951,000,000	1,955,000,000	1,973,000,000	1,988,000,000	1,978,000,000	1,986,000,000	1,887,000,000	1,977,000,000	1,911,000,000	667,842,000	712,814,000	749,653,000	702,030,000	670,957,000		670,732,000	199,100,000	194,194,000		214,012,000	232,501,000	218,507,000		233,960,000	233,960,000	214,810,000	211,534,000		215,114,000	214,989,000	213,096,000
goodwill and other assets
goodwill				1,964,000,000	1,964,000,000	1,964,000,000	1,964,000,000	1,964,000,000	3,864,000,000	3,864,000,000	12,657,000,000	12,657,000,000	15,918,000,000	15,947,000,000	15,976,000,000	15,986,000,000	15,987,000,000	18,867,000,000	18,854,000,000	18,870,000,000	21,476,000,000	21,469,000,000	21,473,000,000	21,534,000,000	21,507,000,000	21,527,000,000	21,526,000,000	28,031,000,000	30,770,000,000	30,715,000,000	30,778,000,000	30,475,000,000	19,638,000,000	19,639,000,000	19,650,000,000	19,650,000,000	20,766,000,000	20,766,000,000	20,743,000,000	20,742,000,000	20,757,000,000	20,758,000,000	20,753,000,000	20,755,000,000	20,664,000,000	20,674,000,000	20,674,000,000	20,674,000,000	20,637,000,000	10,260,640,000	10,260,640,000	10,260,640,000	10,260,640,000	10,251,758,000	10,251,758,000	10,033,994,000	4,015,674,000	4,015,674,000	4,015,674,000	4,010,027,000	4,010,027,000	4,010,916,000	4,010,916,000	3,997,028,000	3,997,028,000	3,999,526,000	3,431,136,000	3,431,136,000	3,431,136,000	3,431,136,000	3,432,649,000	3,432,649,000	3,432,649,000
other intangible assets		4,411,000,000	4,525,000,000	4,806,000,000	4,967,000,000	5,127,000,000	5,290,000,000	5,470,000,000	5,744,000,000	5,899,000,000	6,034,000,000	6,166,000,000	6,436,000,000	6,628,000,000	6,785,000,000	6,970,000,000	7,160,000,000	7,663,000,000	7,884,000,000	8,219,000,000	8,563,000,000	8,903,000,000	1,981,000,000	1,971,000,000				1,868,000,000				1,897,000,000				1,531,000,000				1,555,000,000				1,647,000,000				1,802,000,000
total goodwill and other assets		6,472,000,000	6,574,000,000	8,681,000,000	8,909,000,000	9,094,000,000	9,330,000,000	9,485,000,000	11,669,000,000	11,863,000,000	20,804,000,000	20,995,000,000	24,722,000,000	25,165,000,000	25,436,000,000	25,562,000,000	25,681,000,000	29,208,000,000	29,444,000,000	29,880,000,000	32,805,000,000	33,234,000,000	33,410,000,000	33,895,000,000	34,265,000,000	34,770,000,000	35,175,000,000	40,028,000,000	43,089,000,000	43,401,000,000	43,784,000,000	44,565,000,000	30,208,000,000	30,434,000,000	24,618,000,000	24,816,000,000	26,228,000,000	26,433,000,000	26,628,000,000	26,885,000,000	27,336,000,000	27,583,000,000	27,869,000,000	28,138,000,000	28,305,000,000	28,581,000,000	28,925,000,000	29,234,000,000	29,507,000,000	12,112,142,000	12,140,493,000	12,191,360,000	12,249,463,000	12,310,260,000	12,341,999,000	12,135,618,000	4,780,187,000	4,791,613,000	4,802,896,000	4,848,769,000	4,868,908,000	4,792,756,000	4,783,778,000	4,759,951,000	4,759,951,000	4,774,580,000	4,042,691,000	4,041,613,000	4,007,040,000	4,021,725,000	4,037,016,000	4,035,205,000	4,035,205,000
liabilities and stockholders' (deficit) equity
stockholders' (deficit) equity
total stockholders' (deficit) equity		-1,173,000,000	-595,000,000
total liabilities and stockholders' (deficit) equity		34,286,000,000	32,976,000,000
other				1,274,000,000	871,000,000	971,000,000	1,033,000,000	1,119,000,000	982,000,000	984,000,000	879,000,000	803,000,000	894,000,000	881,000,000	962,000,000	829,000,000	843,000,000	906,000,000	924,000,000	808,000,000	835,000,000	913,000,000	941,000,000	808,000,000	884,000,000	1,011,000,000	1,026,000,000	918,000,000	1,237,000,000	1,260,000,000	1,105,000,000	941,000,000	639,000,000	691,000,000	557,000,000	547,000,000	631,000,000	628,000,000	617,000,000	581,000,000	594,000,000	599,000,000	622,000,000	580,000,000	591,000,000	628,000,000	632,000,000	597,000,000	563,000,000	57,137,000	40,849,000	34,355,000	43,513,000	51,356,000	41,437,000	107,734,000	52,675,000	56,425,000	72,926,000	26,530,000	26,132,000	28,057,000	26,412,000	27,519,000	27,519,000	29,094,000	30,586,000	30,475,000	13,775,000	17,105,000	17,840,000	20,458,000	20,458,000
liabilities and stockholders' equity
stockholders' equity
preferred stock — non-redeemable, 25.00 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares
additional paid-in capital					18,140,000,000	18,135,000,000	18,137,000,000	18,126,000,000	18,117,000,000	18,100,000,000	18,094,000,000	18,080,000,000	18,221,000,000	18,459,000,000	18,695,000,000	18,972,000,000	19,235,000,000	20,361,000,000	20,598,000,000	20,909,000,000	21,130,000,000	21,376,000,000	21,634,000,000	21,874,000,000	22,101,000,000	22,342,000,000	22,575,000,000	22,852,000,000	23,399,000,000	23,360,000,000	23,316,000,000	23,314,000,000	14,370,000,000	14,637,000,000	14,733,000,000	14,970,000,000	15,121,000,000	15,205,000,000	15,184,000,000	15,178,000,000	15,460,000,000	15,896,000,000	16,059,000,000	16,324,000,000	16,532,000,000	16,671,000,000	16,874,000,000	17,343,000,000	17,954,000,000
total stockholders' equity				464,000,000	342,000,000	466,000,000	504,000,000	417,000,000	2,219,000,000	2,284,000,000	10,995,000,000	10,437,000,000	12,577,000,000	12,219,000,000	12,282,000,000	11,840,000,000	11,183,000,000	11,706,000,000	11,303,000,000	11,162,000,000	13,689,000,000	13,462,000,000	13,291,000,000	13,470,000,000	13,674,000,000	13,692,000,000	13,543,000,000	19,828,000,000	22,803,000,000	22,989,000,000	23,443,000,000	23,491,000,000	12,960,000,000	13,086,000,000	13,306,000,000	13,399,000,000	13,892,000,000	13,985,000,000	14,036,000,000	14,060,000,000	14,250,000,000	14,587,000,000	14,765,000,000	15,023,000,000	16,445,000,000	16,598,000,000	16,798,000,000	17,191,000,000	16,714,000,000		9,647,159,000				9,466,799,000				3,163,240,000				3,409,205,000					3,190,951,000				3,617,273,000	3,617,273,000
total liabilities and stockholders' equity				33,496,000,000	33,989,000,000	32,943,000,000	33,173,000,000	34,018,000,000	35,921,000,000	36,168,000,000	45,530,000,000	45,581,000,000	54,817,000,000	57,675,000,000	58,037,000,000	57,993,000,000	58,308,000,000	58,947,000,000	58,828,000,000	59,394,000,000	62,599,000,000	64,171,000,000	64,056,000,000	64,742,000,000	64,728,000,000	64,508,000,000	64,788,000,000	70,256,000,000	73,371,000,000	74,346,000,000	74,793,000,000	75,611,000,000	50,536,000,000	50,925,000,000	46,602,000,000	47,017,000,000	46,796,000,000	47,118,000,000	47,517,000,000	47,604,000,000	48,754,000,000	48,977,000,000	49,520,000,000	50,147,000,000	50,646,000,000	50,614,000,000	51,166,000,000	51,787,000,000	51,984,000,000
restricted cash - current																							3,000,000	3,000,000				4,000,000			5,000,000	5,000,000
operating lease assets																							1,667,000,000	1,686,000,000	1,721,000,000	1,844,000,000	1,952,000,000
restricted cash																							24,000,000	24,000,000	3,000,000	3,000,000	3,000,000	26,000,000			31,000,000	31,000,000	6,004,000,000	6,015,000,000
customer relationships																							7,245,000,000	7,596,000,000	7,902,000,000	8,245,000,000	8,580,000,000	8,911,000,000	9,309,000,000	9,667,000,000		10,876,000,000				2,797,000,000				3,928,000,000				4,893,000,000				5,935,000,000
noncurrent operating lease liabilities																							1,316,000,000	1,342,000,000	1,351,000,000	1,467,000,000	1,501,000,000
advance billings and customer deposits																								804,000,000				832,000,000			820,000,000	892,000,000	642,000,000	644,000,000	656,000,000	672,000,000	710,000,000	727,000,000	730,000,000	743,000,000	736,000,000	745,000,000	739,000,000	726,000,000	714,000,000	716,000,000	709,000,000	737,000,000	700,000,000	178,341,000	190,443,000	177,915,000	181,053,000	182,329,000	182,374,000	218,983,000	56,656,000	56,549,000	56,570,000	60,313,000	61,062,000	60,813,000	57,637,000	57,569,000	57,569,000	57,413,000	57,237,000	51,614,000	51,220,000	51,287,000	51,031,000	48,917,000	48,917,000
preferred stock — non-redeemable, 25 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares
other intangibles																									1,977,000,000	1,962,000,000	1,929,000,000		1,857,000,000	1,869,000,000
net property, plant and equipment																												26,408,000,000				26,852,000,000	17,634,000,000	17,583,000,000	17,016,000,000	17,039,000,000	17,840,000,000	17,894,000,000	17,963,000,000	18,069,000,000	18,068,000,000	18,089,000,000	18,183,000,000	18,433,000,000	18,323,000,000	18,435,000,000	18,493,000,000	18,646,000,000	18,665,000,000	8,648,580,000	8,754,476,000	8,801,743,000	8,866,471,000	8,970,297,000	9,097,139,000	9,363,187,000	2,786,210,000	2,821,570,000	2,895,892,000	2,915,350,000	2,967,840,000	3,033,134,000	3,108,376,000	3,144,819,000	3,144,819,000	3,204,550,000	3,034,557,000	3,109,277,000	3,130,040,000	3,172,007,000	3,234,042,000	3,304,486,000	3,304,486,000
property, plant and equipment																												53,267,000,000				51,204,000,000	41,352,000,000	40,744,000,000	39,642,000,000	39,194,000,000	40,304,000,000	39,763,000,000	39,229,000,000	38,785,000,000	38,250,000,000	37,642,000,000	37,100,000,000	36,718,000,000	35,970,000,000	35,404,000,000	34,847,000,000	34,307,000,000	33,724,000,000	16,516,985,000		16,101,285,000	15,876,487,000	15,705,912,000		15,608,553,000	8,974,039,000	8,900,683,000		8,793,320,000	8,751,414,000	8,706,712,000		8,598,777,000	8,598,777,000	8,560,266,000	7,919,996,000		7,866,852,000	7,844,529,000	7,837,651,000
accumulated depreciation																												-26,859,000,000				-24,352,000,000	-23,718,000,000	-23,161,000,000	-22,626,000,000	-22,155,000,000	-22,464,000,000	-21,869,000,000	-21,266,000,000	-20,716,000,000	-20,182,000,000	-19,553,000,000	-18,917,000,000	-18,285,000,000	-17,647,000,000	-16,969,000,000	-16,354,000,000	-15,661,000,000	-15,059,000,000	-7,868,405,000		-7,299,542,000	-7,010,016,000	-6,735,615,000		-6,245,366,000	-6,187,829,000	-6,079,113,000		-5,877,970,000	-5,783,574,000	-5,673,578,000		-5,453,958,000	-5,453,958,000	-5,355,716,000	-4,885,439,000		-4,736,812,000	-4,672,522,000	-4,603,609,000
(accumulated deficit) retained earnings																												-1,643,000,000								-1,000,000													-173,000,000
restricted cash and securities																													3,000,000	5,000,000
preferred stock—non-redeemable, 25 par value, authorized 2,000 and 2,000 shares, issued and outstanding 7 and 7 shares
retained earnings																													777,000,000	1,040,000,000	1,336,000,000	1,103,000,000	34,000,000		110,000,000		79,000,000	115,000,000	213,000,000	272,000,000	177,000,000	87,000,000	141,000,000	147,000,000	131,000,000	135,000,000	144,000,000	66,000,000		3,291,784,000	3,302,469,000	3,298,643,000	3,287,225,000	3,267,318,000	3,232,769,000	3,212,328,000	3,141,334,000	3,143,036,000	3,146,255,000	3,116,300,000	3,301,180,000	3,326,801,000	3,245,302,000	3,137,480,000	3,137,480,000	3,031,639,000	3,061,660,000	3,150,933,000	3,120,092,000	3,079,291,000	2,934,283,000	3,358,162,000	3,358,162,000
customer relationships, less accumulated amortization of 7,450 and 7,096																															10,058,000,000
other intangible assets, less accumulated amortization of 2,412 and 2,325																															1,870,000,000
current liabilities associated with assets held for sale																																			406,000,000	419,000,000
customer relationships, less accumulated amortization of 6,902 and 6,318																																	2,214,000,000
other intangible assets, less accumulated amortization of 2,256 and 2,042																																	1,539,000,000
customer relationships, less accumulated amortization of 6,716 and 6,318																																		2,401,000,000
other intangible assets, less accumulated amortization of 2,176 and 2,042																																		1,556,000,000
customer relationships, less accumulated amortization of 6,519 and 6,318																																			2,596,000,000
other intangible assets, less accumulated amortization of 2,105 and 2,042																																			1,534,000,000
preferred stock—non-redeemable, 25.00 par value, authorized 2,000 shares, issued and outstanding 7 and 7 shares
preferred stock — non-redeemable, 25.00 par value, authorized 2,000 shares, issued and outstanding 7 and 7 shares
customer relationships, less accumulated amortization of 6,322 and 5,648																																					3,254,000,000
other intangible assets, less accumulated amortization of 1,980 and 1,798																																					1,518,000,000
customer relationships, less accumulated amortization of 6,104 and 5,648																																						3,472,000,000
other intangible assets, less accumulated amortization of 1,901 and 1,798																																						1,506,000,000
customer relationships, less accumulated amortization of 5,878 and 5,648																																							3,698,000,000
other intangible assets, less accumulated amortization of 1,878 and 1,798																																							1,525,000,000
customer relationships, less accumulated amortization of 5,414 and 4,682																																									4,162,000,000
other intangible assets, less accumulated amortization of 1,767 and 1,729																																									1,568,000,000
customer relationships, less accumulated amortization of 5,177 and 4,682																																										4,399,000,000
other intangible assets, less accumulated amortization of 1,714 and 1,729																																										1,586,000,000
customer relationships, less accumulated amortization of 4,932 and 4,682																																											4,644,000,000
other intangible assets, less accumulated amortization of 1,809 and 1,729																																											1,616,000,000
customer relationships, less accumulated amortization of 4,430 and 3,641																																													5,146,000,000
other intangible assets, less accumulated amortization of 1,632 and 1,401																																													1,664,000,000
customer relationships, less accumulated amortization of 4,174 and 3,641																																														5,402,000,000
other intangible assets, less accumulated amortization of 1,534 and 1,401																																														1,676,000,000
customer relationships, less accumulated amortization of 3,909 and 3,641																																															5,667,000,000
other intangible assets, less accumulated amortization of 1,452 and 1,401																																															1,750,000,000
income tax receivable																																																	68,000,000	31,202,000	102,465,000	85,435,000	42,261,000		115,684,000
customer relationships, less accumulated amortization of 3,370 and 2,524																																																	6,206,000,000
other intangible assets, less accumulated amortization of 1,290 and 986																																																	1,842,000,000
materials and supplies, at average cost																																																		35,448,000	32,717,000	35,135,000	35,599,000	37,007,000	35,755,000	43,371,000	9,384,000	8,781,000	8,862,000	9,284,000	8,783,000	8,134,000	8,558,000	7,687,000	7,687,000	6,977,000	6,994,000	6,628,000	6,963,000	6,389,000	6,827,000	6,998,000	6,998,000
deferred income tax asset																																																		79,448,000	81,341,000	79,468,000	73,890,000	75,177,000	83,319,000	105,232,000
liabilities and equity
other taxes																																																		135,840,000	124,155,000	167,233,000	148,175,000	119,728,000	98,743,000	156,316,000	52,829,000	50,726,000	44,137,000	62,128,000	56,088,000	55,239,000	48,961,000	67,164,000	67,164,000	60,038,000	55,416,000	46,890,000	66,120,000	56,496,000	57,132,000	58,660,000	58,660,000
other deferred credits																																																		397,157,000	389,198,000	400,465,000	394,419,000	389,273,000	392,939,000	317,682,000
centurylink, inc.
paid-in capital																																																		6,194,095,000	6,174,741,000	6,087,136,000	6,048,168,000	6,021,924,000	6,014,051,000	5,958,950,000	53,312,000	43,489,000	39,961,000	26,340,000	16,317,000	3,286,000	91,147,000	196,998,000	196,998,000	81,666,000	50,771,000	24,256,000	71,439,000	107,927,000	95,446,000	129,806,000	129,806,000
accumulated other comprehensive loss, net of tax																																																		-138,957,000	-141,153,000	-89,544,000	-92,074,000	-94,603,000	-85,306,000	-111,681,000	-114,472,000	-116,605,000	-123,489,000	-46,757,000	-47,011,000	-43,333,000	-42,707,000	-88,590,000	-88,590,000	-91,911,000	-102,962,000	-104,942,000	-9,353,000	-9,620,000	-10,782,000	-9,619,000	-9,619,000
preferred stock - non-redeemable																																																		236,000	236,000	236,000	236,000	236,000	236,000	236,000	236,000	236,000	236,000	236,000	874,000	6,971,000	6,971,000	7,354,000	7,354,000	7,439,000	7,450,000	7,450,000	7,461,000	7,661,000	7,850,000	7,850,000	7,850,000
noncontrolling interests																																																		5,671,000	5,918,000	6,698,000	6,275,000	6,216,000	5,860,000	6,729,000	4,772,000	4,474,000
total stockholders’ equity																																																		9,658,607,000		9,605,854,000	9,551,096,000	9,501,253,000		9,364,029,000	3,186,322,000	3,175,209,000		3,196,240,000	3,375,037,000	3,399,984,000		3,364,421,000	3,364,421,000	3,137,034,000	3,127,230,000		3,305,039,000	3,301,560,000	3,142,781,000
total liabilities and equity																																																		21,901,458,000	22,038,098,000	22,220,210,000	22,199,584,000	22,321,544,000	22,562,729,000	22,957,063,000	7,886,700,000	7,933,813,000	8,254,195,000	8,272,902,000	8,168,064,000	8,118,127,000	8,184,553,000	8,232,650,000	8,232,650,000	8,273,536,000	8,090,111,000	7,441,007,000	7,405,626,000	7,433,984,000	7,524,141,000	7,762,707,000	7,762,707,000
customer list																																																			929,907,000				1,130,817,000	1,143,922,000
accrued expenses and other current liabilities
income taxes																																																						54,399,000		95,925,000	20,556,000	12,093,000		13,310,000	12,735,000	57,790,000	54,233,000	40,286,000	40,286,000	22,143,000	40,138,000	60,522,000	64,348,000	79,625,000	70,791,000	110,521,000	110,521,000
centurytel, inc.
issued and outstanding 300,162,320 and 299,189,279 shares																																																						300,162,000
customers, less allowance of 38,275 and 10,973																																																							487,958,000
interexchange carriers and other, less allowance of 9,175 and 5,317																																																							197,631,000
customers, less allowance of 10,973 and 12,129																																																											153,838,000
interexchange carriers and other, less allowance of 5,317 and 8,232																																																											76,454,000
issued and outstanding 103,677,471 and 108,491,736 shares																																																													103,677,000
short-term debt																																																														40,000,000				87,000,000		23,000,000			291,000,000
customers, less allowance of 12,129 and 11,321																																																															152,809,000
interexchange carriers and other, less allowance of 8,232 and 9,584																																																															70,218,000
net income																																																																	113,202,000
other comprehensive income, net of tax
minimum pension liability adjustment net of 75 and 50 tax
unrealized gain on investments, net of 322, 33, 626 and (60) tax																																																																	516,000
derivative instruments:
net gain on derivatives hedging the variability of cash flows, net of 294 tax
reclassification adjustment for net incomees included in net income, net of 67, 59, 187 and 176 tax																																																																	107,000
items related to employee benefit plans*:
change in net actuarial loss, net of 967 and 6,940 tax																																																																	1,552,000
amortization of net actuarial loss, net of 907 and 2,722 tax																																																																	1,455,000
amortization of net prior service credit, net of (178) and (534) tax																																																																	-286,000
amortization of unrecognized transition asset, net of (13) and (41) tax																																																																	-23,000
net change in other comprehensive income, net of tax																																																																	3,321,000
comprehensive income																																																																	116,523,000
issued and outstanding 108,201,274 and 113,253,889 shares																																																																		108,201,000
customers, less allowance of 11,321 and 11,312																																																																				150,892,000
interexchange carriers and other, less allowance of 9,584 and 10,409																																																																				76,454,000
issued and outstanding 116,300,908 and 131,074,399 shares																																																																						116,301,000
issued and outstanding 115,984,439 and 131,074,399 shares																																																																							115,984,000
customers, less allowance of 11,312 and 12,766																																																																								154,367,000	154,367,000
interexchange carriers and other, less allowance of 10,409 and 8,421																																																																								82,347,000	82,347,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-06-30	2006-03-31

operating activities
net loss	-200,000,000		85,000,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation and amortization	664,000,000	674,000,000	758,000,000	707,000,000	743,000,000	748,000,000	751,000,000	755,000,000	746,000,000	733,000,000	796,000,000	808,000,000	827,000,000	808,000,000	877,000,000	951,000,000	1,041,000,000	1,150,000,000	1,195,000,000	1,193,000,000	1,162,000,000	1,160,000,000	1,210,000,000	1,235,000,000	1,196,000,000	1,188,000,000	1,262,000,000	1,285,000,000	1,290,000,000	1,283,000,000	1,197,000,000	910,000,000	949,000,000	880,000,000	958,000,000	995,000,000	987,000,000	976,000,000	1,053,000,000	1,048,000,000	1,048,000,000	1,040,000,000	1,131,000,000	1,097,000,000	1,093,000,000	1,107,000,000	1,166,000,000	368,547,000	364,573,000	711,113,000	353,162,000	356,384,000	256,124,000	127,572,000	128,796,000	266,638,000	135,684,000	137,554,000	262,095,000	127,784,000	127,281,000	266,385,000	134,565,000
net gain on sale of business	-596,000,000
deferred income taxes	-383,000,000	-188,000,000	-203,000,000	-8,000,000	-6,000,000	8,000,000	-30,000,000	-8,000,000	0	46,000,000	-1,848,000,000	369,000,000	70,000,000	179,000,000	167,000,000	152,000,000	148,000,000	131,000,000	51,000,000	95,000,000	115,000,000	105,000,000	90,000,000	106,000,000	118,000,000	126,000,000	36,000,000	86,000,000	277,000,000	123,000,000	-688,000,000	-117,000,000	-89,000,000	-37,000,000	-26,000,000	11,000,000	10,000,000	11,000,000	257,000,000	40,000,000	16,000,000	37,000,000	-10,000,000	93,000,000	102,000,000	106,000,000	42,000,000	39,660,000	112,893,000	-17,467,000	-15,369,000	115,713,000	25,831,000	17,249,000	43,561,000	13,425,000	8,357,000	-42,093,000	30,005,000	13,371,000	15,972,000	22,352,000	9,522,000
provision for uncollectible accounts	12,000,000	16,000,000	18,000,000	15,000,000	16,000,000	23,000,000	23,000,000	30,000,000	20,000,000	27,000,000	34,000,000	43,000,000	31,000,000	25,000,000	25,000,000	27,000,000	26,000,000	27,000,000	52,000,000	47,000,000	55,000,000	35,000,000	29,000,000	31,000,000	39,000,000	46,000,000	34,000,000	36,000,000	36,000,000	47,000,000	49,000,000	49,000,000	31,000,000	47,000,000	48,000,000	48,000,000	50,000,000	46,000,000	49,000,000	44,000,000	42,000,000	42,000,000	49,000,000	47,000,000	33,000,000	30,000,000	41,000,000
net loss on early retirement of debt	226,000,000	395,000,000														0	0	-8,000,000		-8,000,000	7,000,000	79,000,000		-4,000,000	-57,000,000	-9,000,000	-23,000,000				0	0			0
stock-based compensation	13,000,000	13,000,000	8,000,000	10,000,000	-3,000,000	14,000,000	13,000,000	16,000,000	9,000,000	14,000,000	27,000,000	23,000,000	25,000,000	23,000,000
changes in current assets and liabilities:
accounts receivable	-298,000,000	-12,000,000	-20,000,000	54,000,000	10,000,000	-25,000,000	99,000,000	39,000,000	-50,000,000	14,000,000	-131,000,000	-59,000,000	-99,000,000	131,000,000	-28,000,000	16,000,000	-41,000,000	45,000,000	149,000,000	-32,000,000	-62,000,000	60,000,000	2,000,000	125,000,000	-137,000,000	5,000,000	33,000,000	-43,000,000	-82,000,000	117,000,000	29,000,000	-69,000,000	-45,000,000	116,000,000	-108,000,000	-33,000,000	-151,000,000	26,000,000	-41,000,000	-40,000,000	-24,000,000	-27,000,000	-52,000,000	-39,000,000	-132,000,000	60,000,000	-107,000,000	44,971,000			14,632,000	-20,996,000	31,192,000	36,098,000	-16,280,000	-9,615,000	4,520,000	10,933,000	24,316,000	15,812,000	-12,232,000	21,641,000	23,618,000
accounts payable	-172,000,000	90,000,000	10,000,000	-25,000,000	-180,000,000	-7,000,000	50,000,000	-136,000,000	-3,000,000	-8,000,000	53,000,000	-34,000,000	117,000,000	-38,000,000	-21,000,000	-59,000,000	-88,000,000	-93,000,000	-218,000,000	-98,000,000	-112,000,000	-115,000,000	4,000,000	1,000,000	-27,000,000	-239,000,000	275,000,000	22,000,000	-159,000,000	-14,000,000	-30,000,000	19,000,000	-31,000,000	-81,000,000	57,000,000	-22,000,000	-4,000,000	78,000,000	-84,000,000	28,000,000	-32,000,000	-80,000,000	91,000,000	-96,000,000	-48,000,000	123,000,000		-932,000	6,944,000	-95,621,000	-59,992,000	61,074,000	4,761,000	-9,868,000	36,350,000	-6,281,000	-12,073,000	22,467,000	1,106,000	-2,585,000	21,120,000	-2,553,000	-4,634,000
accrued income and other taxes	769,000,000	5,000,000	-629,000,000	-158,000,000	-174,000,000	772,000,000	-189,000,000	15,000,000	-1,154,000,000	143,000,000	947,000,000	12,000,000	-21,000,000	34,000,000	-76,000,000	36,000,000	-60,000,000	31,000,000	-63,000,000	93,000,000	13,000,000	-16,000,000	-111,000,000	111,000,000	-25,000,000	45,000,000	-142,000,000	364,000,000	-167,000,000	20,000,000	-49,000,000	74,000,000	-177,000,000	206,000,000	-44,000,000	-207,000,000	48,000,000	160,000,000	-218,000,000	130,000,000	-16,000,000	136,000,000	-122,000,000	49,000,000	-76,000,000	65,000,000	-2,000,000	96,352,000		114,945,000	194,274,000		31,094,000	19,103,000		-32,629,000	9,699,000		27,071,000	35,695,000		-28,113,000	-37,072,000
other current assets and liabilities	-264,000,000	297,000,000	40,000,000	319,000,000	206,000,000	-261,000,000	-353,000,000	134,000,000	44,000,000	-374,000,000	-49,000,000	107,000,000	-54,000,000	-376,000,000	-90,000,000	-55,000,000	64,000,000	-272,000,000	146,000,000	-205,000,000	163,000,000	-366,000,000	291,000,000	-90,000,000	103,000,000	-336,000,000	169,000,000	234,000,000	-14,000,000	-262,000,000	-393,000,000	85,000,000	-40,000,000	-266,000,000	116,000,000	40,000,000	8,000,000	-72,000,000	-176,000,000	173,000,000	-34,000,000	-16,000,000	-140,000,000
retirement benefits	-114,000,000	15,000,000	4,000,000	-169,000,000	-3,000,000	-13,000,000	8,000,000	7,000,000	-1,000,000	-15,000,000	486,000,000	-354,000,000	-48,000,000	-38,000,000	289,000,000	5,000,000	-60,000,000	-71,000,000	-15,000,000	-34,000,000	-37,000,000	-25,000,000	12,000,000	-16,000,000	6,000,000	-14,000,000	-28,000,000	-444,000,000	-146,000,000	-49,000,000	-21,000,000	-125,000,000	-31,000,000	-25,000,000	-9,000,000	-115,000,000	-7,000,000	-21,000,000	-7,000,000	-115,000,000	-10,000,000	-9,000,000	71,000,000	-153,000,000	-74,000,000	-28,000,000	-54,000,000	-109,615,000	-9,957,000	-279,509,000	-284,807,000	18,186,000	-14,537,000	-23,497,000	-47,412,000	18,202,000	5,474,000	5,958,000	14,647,000	5,636,000	-19,369,000	14,926,000	7,378,000
change in deferred revenue	1,602,000,000	1,750,000,000	191,000,000
changes in other assets and liabilities	70,000,000	33,000,000
other	-6,000,000	44,000,000	-57,000,000	-25,000,000	35,000,000	-60,000,000	-39,000,000	8,000,000	79,000,000	-28,000,000	-102,000,000	30,000,000	41,000,000	55,000,000	-151,000,000	-1,000,000	7,000,000	24,000,000	-9,000,000	110,000,000	-15,000,000	11,000,000	-50,000,000			-2,000,000	32,000,000	-46,000,000	-55,000,000	74,000,000	42,000,000	18,000,000	49,000,000	20,000,000	7,000,000	-1,000,000	17,000,000	1,000,000	26,000,000	-13,000,000	-3,000,000	9,000,000	-64,000,000	25,000,000	14,000,000	17,000,000	14,000,000	2,429,000	2,800,000	2,263,000	-1,306,000	0	7,944,000	8,226,000	1,299,000	5,987,000	5,564,000	6,501,000	4,634,000	2,558,000	15,088,000	6,393,000	2,615,000
net cash from operating activities	1,323,000,000	2,511,000,000	688,000,000	2,032,000,000	511,000,000	1,102,000,000	784,000,000	881,000,000	-100,000,000	595,000,000	841,000,000	1,123,000,000	1,396,000,000	1,375,000,000	1,607,000,000	1,730,000,000	1,639,000,000	1,525,000,000	1,682,000,000	1,794,000,000	1,749,000,000	1,299,000,000	1,909,000,000	1,888,000,000	1,701,000,000	1,182,000,000	1,996,000,000	1,787,000,000	1,582,000,000	1,667,000,000	1,178,000,000	958,000,000	685,000,000	1,057,000,000	1,096,000,000	911,000,000	1,178,000,000	1,423,000,000	1,196,000,000	1,475,000,000	1,145,000,000	1,336,000,000	1,251,000,000	1,428,000,000	1,129,000,000	1,380,000,000	1,151,000,000	669,835,000	563,245,000	881,169,000	461,463,000	611,954,000	482,205,000	230,167,000	186,067,000	426,987,000	230,210,000	240,553,000	558,025,000	258,710,000	218,211,000	406,317,000	184,030,000
investing activities
capital expenditures	-943,000,000	-1,041,000,000	-915,000,000	-850,000,000	-753,000,000	-713,000,000	-821,000,000	-843,000,000	-796,000,000	-640,000,000	-833,000,000	-845,000,000	-761,000,000	-577,000,000	-848,000,000	-690,000,000	-646,000,000	-716,000,000	0	-988,000,000	-1,009,000,000	-974,000,000	0	-957,000,000	-800,000,000	-931,000,000	0	-684,000,000	0	-805,000,000	-743,000,000	-753,000,000	-830,000,000	-780,000,000	-971,000,000	-746,000,000	-653,000,000	-611,000,000	-833,000,000	-767,000,000	-656,000,000	-616,000,000	-934,000,000	-712,000,000	-731,000,000	-670,000,000	-837,000,000	-210,591,000	-263,990,000	-362,226,000	-167,180,000	-337,417,000	-130,801,000	-45,496,000	-101,813,000	-114,398,000	-54,739,000	-141,744,000	-106,856,000	-48,880,000	-101,037,000	-130,455,000	-60,088,000
free cash flows	380,000,000	1,470,000,000	-227,000,000	1,182,000,000	-242,000,000	389,000,000	-37,000,000	38,000,000	-896,000,000	-45,000,000	8,000,000	278,000,000	635,000,000	798,000,000	759,000,000	1,040,000,000	993,000,000	809,000,000	1,682,000,000	806,000,000	740,000,000	325,000,000	1,909,000,000	931,000,000	901,000,000	251,000,000	1,996,000,000	1,103,000,000	1,582,000,000	862,000,000	435,000,000	205,000,000	-145,000,000	277,000,000	125,000,000	165,000,000	525,000,000	812,000,000	363,000,000	708,000,000	489,000,000	720,000,000	317,000,000	716,000,000	398,000,000	710,000,000	314,000,000	459,244,000	299,255,000	518,943,000	294,283,000	274,537,000	351,404,000	184,671,000	84,254,000	312,589,000	175,471,000	98,809,000	451,169,000	209,830,000	117,174,000	275,862,000	123,942,000
proceeds from sale of business	4,977,000,000			20,000,000
proceeds from sale of property, plant and equipment, and other assets	16,000,000	13,000,000	83,000,000	19,000,000	252,000,000	12,000,000	130,000,000	9,000,000	3,000,000	23,000,000
net cash from investing activities	4,050,000,000	-1,027,000,000	-831,000,000	-805,000,000	-496,000,000	-698,000,000	1,031,000,000	-827,000,000	-789,000,000	-616,000,000	4,882,000,000	1,864,000,000	-701,000,000	-569,000,000	-763,000,000	-654,000,000	-620,000,000	-675,000,000	-724,000,000	-942,000,000	-959,000,000	-939,000,000	-899,000,000	-954,000,000	-811,000,000	-906,000,000	-882,000,000	-684,000,000	-744,000,000	-768,000,000	-8,021,000,000	-756,000,000	638,000,000	-732,000,000	-982,000,000	-733,000,000	-674,000,000	-605,000,000	-831,000,000	-764,000,000	-648,000,000	-610,000,000	-964,000,000	-694,000,000	-737,000,000	-682,000,000	-1,031,000,000	-208,162,000	-261,190,000	-359,963,000	-168,486,000	-341,648,000	-130,591,000	-45,368,000	-102,214,000	-226,078,000	-77,547,000	-136,756,000	-412,757,000	-50,515,000	-102,294,000	-8,289,000	-65,718,000
financing activities
net proceeds from issuance of long-term debt	656,000,000	2,659,000,000	0	0	0	1,325,000,000									0	0	990,000,000	891,000,000	1,104,000,000	832,000,000	1,188,000,000	1,237,000,000	2,719,000,000				0	0	0	130,000,000	1,790,000,000	0			0	946,000,000	988,000,000	227,000,000	-1,000,000	396,000,000	0	594,000,000	0				741,000,000									275,000,000			741,840,000
payments of long-term debt	-5,375,000,000	-2,975,000,000	-609,000,000	-72,000,000	-95,000,000	-1,902,000,000	-40,000,000	-45,000,000	-39,000,000	-61,000,000	-4,194,000,000	-2,367,000,000	-58,000,000	-1,474,000,000	-994,000,000	-140,000,000	-1,288,000,000	-1,176,000,000	-981,000,000	-2,638,000,000	-1,208,000,000	-2,488,000,000	-2,698,000,000	-699,000,000	-607,000,000	-153,000,000	-397,000,000	-1,416,000,000	-55,000,000	-68,000,000	-351,000,000	-82,000,000	-1,499,000,000	-31,000,000	-26,000,000	-972,000,000	-1,439,000,000	-25,000,000	-431,000,000	-29,000,000	-120,000,000	-386,000,000	-638,000,000	-41,000,000	-74,000,000	-47,000,000	-841,000,000
debt issuance and extinguishment costs and related fees		-333,000,000	-1,000,000	0	-4,000,000	-278,000,000
net cash from financing activities	-4,751,000,000	-651,000,000	-610,000,000	-81,000,000	-100,000,000	-1,060,000,000	83,000,000	-173,000,000	158,000,000	-86,000,000	-4,681,000,000	-3,143,000,000	-713,000,000	-776,000,000	-1,139,000,000	-1,318,000,000	-576,000,000	-774,000,000	-1,078,000,000	-2,089,000,000	-597,000,000	-486,000,000	-724,000,000	57,000,000	-924,000,000	-320,000,000	-1,016,000,000	-1,417,000,000	-642,000,000	-948,000,000	1,268,000,000	-395,000,000	4,818,000,000	-333,000,000	-32,000,000	-229,000,000	-751,000,000	-506,000,000	-594,000,000	-511,000,000	-497,000,000	-699,000,000	-893,000,000	-181,000,000	-430,000,000	-647,000,000	-218,000,000	-364,957,000	-372,173,000	-496,656,000	-248,294,000	-639,688,000	-535,797,000	-366,896,000	-99,483,000	-171,411,000	-149,526,000	-128,109,000	-127,411,000	529,886,000	-122,943,000	-555,105,000	-261,838,000
net increase in cash, cash equivalents and restricted cash	622,000,000		-753,000,000						-731,000,000	-107,000,000	1,042,000,000	-156,000,000	-18,000,000	30,000,000	-295,000,000	-242,000,000	443,000,000	76,000,000	-120,000,000	-1,237,000,000			286,000,000	991,000,000							-5,577,000,000	-193,000,000
cash, cash equivalents and restricted cash at beginning of period	1,014,000,000	0	0	0	0	2,248,000,000	0	0	0	1,307,000,000	0	0	0	409,000,000	0	0	0	427,000,000	0	0	0	1,717,000,000	0	0	0	518,000,000				587,000,000	0	0
cash, cash equivalents and restricted cash at end of period	1,636,000,000	833,000,000	-753,000,000	1,146,000,000	-85,000,000	1,592,000,000	1,898,000,000	-119,000,000	-731,000,000	1,200,000,000	1,042,000,000	-156,000,000	-18,000,000	439,000,000	-295,000,000	-242,000,000	443,000,000	503,000,000	-120,000,000	-1,237,000,000	193,000,000	1,591,000,000	286,000,000	991,000,000	-34,000,000	474,000,000				537,000,000	-5,577,000,000	-193,000,000
supplemental cash flow information:
income taxes paid	-3,000,000						-14,000,000	-19,000,000	-1,174,000,000	-96,000,000		0	-48,000,000	-10,000,000			-52,000,000	-21,000,000			-14,000,000	-6,000,000				-7,000,000					-14,000,000				-53,000,000	-323,000,000	-10,000,000	-11,000,000	-9,000,000	-13,000,000	-36,000,000	-5,000,000						4,698,000		247,866,000	2,839,000		24,168,000	851,000		136,062,000	44,152,000		72,928,000	8,022,000		132,666,000	69,376,000
interest paid	-249,000,000	-308,000,000		-306,000,000	-232,000,000	-339,000,000	-252,000,000	-325,000,000	-198,000,000	-363,000,000	-273,000,000	-393,000,000	-313,000,000	-386,000,000		-400,000,000	-357,000,000	-387,000,000		-426,000,000	-445,000,000	-383,000,000		-456,000,000	-570,000,000	-480,000,000		-510,000,000	-570,000,000	-491,000,000	-484,000,000	-293,000,000	-369,000,000	-255,000,000	-379,000,000	-262,000,000	-398,000,000	-262,000,000	-396,000,000	-260,000,000	-384,000,000	-270,000,000						70,074,000		265,848,000	65,727,000		98,906,000	50,002,000		103,543,000	54,467,000		96,227,000	64,434,000		96,562,000	66,586,000
supplemental noncash information regarding financing activities:
cancellation of term loans as part of refinancings
issuance of term loans as part of refinancings
cash, cash equivalents and restricted cash:
cash and cash equivalents	1,625,000,000	833,000,000		1,145,000,000	-85,000,000	1,580,000,000	1,923,000,000	-100,000,000	-737,000,000	1,148,000,000	999,000,000	-108,000,000	-6,000,000	366,000,000		-300,000,000	449,000,000	486,000,000		-1,237,000,000	199,000,000	1,564,000,000		994,000,000
restricted cash included in other current assets	3,000,000	1,000,000		0	0	2,000,000						0	-1,000,000	2,000,000		0	0	2,000,000		0
restricted cash included in other assets	8,000,000	-1,000,000
total	1,636,000,000	833,000,000		1,146,000,000	-85,000,000	1,592,000,000	1,898,000,000	-119,000,000	-731,000,000	1,200,000,000	1,042,000,000	-156,000,000	-18,000,000	439,000,000		-242,000,000	443,000,000	503,000,000		-1,237,000,000	193,000,000	1,591,000,000		991,000,000
net loss on sale of business
goodwill impairment		0					1,900,000,000	0
debt modification costs and related fees			1,000,000	-5,000,000	4,000,000	-79,000,000
gain on sale of investment			0	0
net payments of revolving line of credit
income taxes (paid) refunded		-5,000,000																												-2,000,000
net income					-49,000,000	57,000,000	-1,995,000,000	-78,000,000	-8,736,000,000	511,000,000	-3,069,000,000	578,000,000	344,000,000	599,000,000	508,000,000	544,000,000	506,000,000	475,000,000		366,000,000	377,000,000	314,000,000	223,000,000	302,000,000	371,000,000	-6,165,000,000	-2,412,000,000	272,000,000	292,000,000	115,000,000	1,117,000,000	92,000,000	17,000,000	163,000,000	42,000,000	152,000,000	196,000,000	236,000,000	338,000,000	205,000,000	143,000,000	192,000,000	188,000,000	188,000,000	193,000,000	203,000,000	239,000,000	211,491,000	225,462,000	492,083,000		230,620,000	136,708,000		100,072,000	180,927,000	88,760,000	115,033,000	190,135,000	77,870,000	71,751,000	221,793,000	69,425,000
adjustments to reconcile net income to net cash from operating activities:
net decrease in cash, cash equivalents and restricted cash					-85,000,000	-656,000,000																-126,000,000				-44,000,000				-50,000,000
cancellation of term loans as part of refinancing
issuance of term loan as part of refinancing
net loss on sale of businesses
loss on disposal groups held for sale
impairment of long-lived assets
net gain on early retirement of debt			-71,000,000	1,000,000	-3,000,000	-275,000,000		0	-9,000,000	-609,000,000
unrealized loss on investments			0	8,000,000	22,000,000	-20,000,000	1,000,000	15,000,000	1,000,000	80,000,000	-6,000,000
changes in other noncurrent assets and liabilities			470,000,000	-116,000,000	103,000,000	198,000,000	536,000,000	62,000,000	148,000,000	-16,000,000	117,000,000	5,000,000	163,000,000	-27,000,000	76,000,000	87,000,000	54,000,000	66,000,000	-41,000,000	236,000,000	65,000,000	-14,000,000	173,000,000	5,000,000	71,000,000	-4,000,000	5,000,000	-76,000,000	255,000,000	145,000,000	-120,000,000	38,000,000	-104,000,000	12,000,000	23,000,000	-6,000,000	0	-35,000,000	-24,000,000	-43,000,000	-1,000,000	-10,000,000	33,000,000	0	63,000,000	3,000,000	-42,000,000
proceeds from sale of businesses
net (payments of) proceeds from revolving line of credit																0	0	-150,000,000
dividends paid			0	0	0	-3,000,000	-1,000,000	-1,000,000	-1,000,000	-8,000,000	0	-255,000,000	-254,000,000	-271,000,000	-253,000,000	-266,000,000	-274,000,000	-294,000,000	-272,000,000	-275,000,000	-271,000,000	-291,000,000	-271,000,000	-275,000,000	-269,000,000	-285,000,000	-577,000,000	-579,000,000	-576,000,000	-580,000,000	-572,000,000	-291,000,000	-294,000,000	-296,000,000	-291,000,000	-290,000,000	-296,000,000	-290,000,000	-293,000,000	-296,000,000	-305,000,000	-304,000,000	-304,000,000	-308,000,000	-307,000,000	-309,000,000	-315,000,000
repurchases of common stock															-91,000,000
net proceeds on revolving line of credit				0																				50,000,000	-45,000,000	145,000,000				-405,000,000
income taxes refunded (paid)				-157,000,000	-142,000,000	724,000,000																						382,000,000					-265,000,000	5,000,000
cancellation of senior unsecured notes as part of exchange offers							0	0	-19,000,000	-1,535,000,000
issuance of senior secured notes as part of exchange offers							0	0	9,000,000	915,000,000
cash and cash equivalents and restricted cash included in assets held for sale								-19,000,000	6,000,000	41,000,000
restricted cash included in other, net noncurrent assets				1,000,000	0	10,000,000	-1,000,000	0	0	11,000,000	0	0	0	12,000,000		19,000,000	-6,000,000	15,000,000		0
loss on sale of business					-5,000,000	22,000,000
net payments on revolving line of credit						-200,000,000
net gain on early retirement and modification of debt
net proceeds from (payments on) revolving line of credit												-520,000,000	-400,000,000	1,000,000,000
supplemental non-cash information regarding investing activities:
sale of property, plant and equipment in exchange for note receivable
supplemental non-cash information regarding financing activities:
purchase of software subscription in exchange for installment debt
gain on sale of business
loss on disposal group held for sale								22,000,000	13,000,000	77,000,000
net proceeds from revolving line of credit								-125,000,000												0	-300,000,000	1,125,000,000
gain on sale of businesses
net loss on early retirement and modification of debt
proceeds from sale of property, plant and equipment and other assets													59,000,000	6,000,000	45,000,000	24,000,000	31,000,000	35,000,000	34,000,000	35,000,000	49,000,000	35,000,000	39,000,000	28,000,000				0
supplemental noncash information regarding investing activities:
cash and cash equivalents included in assets held for sale													-11,000,000	59,000,000
share-based compensation																27,000,000	42,000,000	20,000,000	55,000,000	31,000,000	20,000,000	69,000,000	48,000,000	38,000,000	43,000,000	33,000,000	42,000,000	49,000,000	54,000,000	41,000,000	47,000,000	21,000,000	22,000,000	21,000,000	20,000,000	20,000,000	22,000,000	18,000,000	16,000,000	19,000,000	20,000,000	18,000,000						9,388,000	10,180,000	18,126,000	7,101,000	15,535,000	9,859,000	4,487,000	4,511,000	7,551,000	3,324,000
capitalized expenditures
net proceeds on credit facility and revolving line of credit																																		5,000,000
impairment of goodwill																																															-8,000,000
income taxes refunded
impairment of goodwill and other assets																						2,000,000	-10,000,000	10,000,000	-2,000,000	6,508,000,000
restricted cash - current																						3,000,000		0
restricted cash - noncurrent																						24,000,000		-3,000,000
loss on the sale of data centers and colocation business																															0	-37,000,000
cash paid for level 3 acquisition, net of 2.3 billion cash acquired
proceeds from financing obligation																															0	-22,000,000
proceeds from sale of property, plant and equipment																										25,000,000
net long-term debt issuance costs and premium amortization																																		1,000,000	0			-1,000,000
payments for property, plant and equipment and capitalized software																														-805,000,000	-743,000,000	-753,000,000	-830,000,000	-780,000,000	-971,000,000	-746,000,000	-653,000,000	-611,000,000	-833,000,000	-767,000,000	-656,000,000	-616,000,000	-934,000,000	-712,000,000	-731,000,000	-670,000,000	-837,000,000
proceeds from sale of property and intangible assets
impairment of assets																												18,000,000	1,000,000	27,000,000					12,000,000	0			0	1,000,000	0	8,000,000	0	0
proceeds from the sale of data centers and colocation business, less cash sold
other investing																												0
net borrowings (payments) on revolving line of credit
other financing																												-12,000,000
net increase in cash, cash equivalents, restricted cash and securities																												-312,000,000
cash, cash equivalents, restricted cash and securities at beginning of period																												0
cash, cash equivalents, restricted cash and securities at end of period																												-312,000,000
effect of exchange rates on cash, cash equivalents, restricted cash and securities
proceeds from sale of property																														3,000,000		3,000,000	3,000,000	45,000,000		11,000,000	4,000,000	7,000,000		3,000,000
deposits received from assets held for sale																														34,000,000
proceeds from issuance of common stock																																1,000,000	1,000,000	3,000,000	1,000,000													18,664,000	75,848,000	26,432,000	8,969,000	44,151,000	7,295,000	2,948,000	3,927,000	6,047,000	2,339,000	4,341,000	42,292,000	20,031,000	32,464,000	41,206,000	32,623,000
shares withheld to satisfy tax withholdings																														-25,000,000		-1,000,000	-1,000,000	-14,000,000
effect of exchange rate changes on cash and cash equivalents																														-1,000,000
cash paid for other acquisitions
repurchase of common stock and shares withheld to satisfy tax withholdings																																			-1,000,000	0
impairment of assets held for sale																																0
cash paid for acquisitions																																0			-15,000,000	0
proceeds from sale of data centers and colocation business, less cash sold
net payments on credit facility and revolving line of credit																																0			285,000,000	85,000,000	0	-410,000,000	410,000,000
net increase in cash and cash equivalents																																		-8,000,000	82,000,000	-51,000,000	-247,000,000	312,000,000		200,000,000	0	27,000,000	-606,000,000	553,000,000	-38,000,000	51,000,000	-98,000,000	96,716,000	-70,118,000	24,550,000	44,683,000	-369,382,000	-184,183,000	-182,097,000	-15,630,000	29,498,000	3,137,000	-24,312,000	17,857,000	738,081,000	-7,026,000
cash and cash equivalents at beginning of period																																		222,000,000	0	0	0	126,000,000	0	0	0	128,000,000	0	0	0	168,000,000	0	172,943,000		161,807,000	161,807,000		243,327,000	243,327,000		34,402,000	34,402,000		25,668,000	25,668,000		158,846,000	158,846,000
cash and cash equivalents at end of period																																		214,000,000	82,000,000	-51,000,000	-247,000,000	438,000,000	-229,000,000	200,000,000	0	155,000,000	-606,000,000	553,000,000	-38,000,000	219,000,000	-98,000,000	269,659,000		186,357,000	206,490,000		59,144,000	61,230,000		63,900,000	37,539,000		43,525,000	763,749,000		1,769,000	15,320,000
early retirement of debt costs
adjustments to reconcile net income to net cash from operatingactivities:
net proceeds from issuance of common stock																																					-1,000,000	4,000,000	0	2,000,000	1,000,000	8,000,000	5,000,000	13,000,000	25,000,000	7,000,000	19,000,000
repurchase of common stock																																						-12,000,000	-278,000,000	-264,000,000	-92,000,000	-185,000,000	-92,000,000	-65,000,000	-165,000,000	-328,000,000	-334,000,000	-14,636,000	-2,194,000	-13,394,000	-10,430,000	-6,789,000	-4,786,000	-4,026,000	-3,000	-209,688,000	-95,621,000	-122,167,000	-302,033,000	-164,009,000	-132,335,000	-573,888,000	-573,888,000
gain on sale of intangible assets																																															0
net decrease in cash and cash equivalents																																																														-157,077,000	-143,526,000
net long-term debt premium amortization																																								-2,000,000	-4,000,000	-4,000,000	-3,000,000	-9,000,000
net (payments) borrowings on credit facility and revolving line of credit
proceeds from sale of intangible assets or property																																										14,000,000				1,000,000
net (payments) borrowings on credit facility																																										-425,000,000
share based compensation
changes in current assets and current liabilities:
net payments on credit facility
income taxes (paid)																																												2,000,000	-13,000,000	-10,000,000
interest																																												-262,000,000	-407,000,000	-265,000,000	-418,000,000
other current assets and other current liabilities																																													-61,000,000	-295,000,000	-40,000,000	32,237,000	-120,402,000	-24,240,000	27,272,000	-26,494,000	-3,425,000	-12,302,000	-1,144,000	-8,501,000	-14,423,000	13,751,000	18,342,000	-15,030,000	17,584,000	8,719,000	-13,892,000
net borrowings (payments) on credit facility																																													90,000,000	30,000,000
long-term debt premium amortization																																														-11,000,000
long-term debt (premium) discount amortization
cash paid for savvis acquisition, net of 61 cash acquired
cash acquired in qwest acquisition, net of 5 cash paid
income from unconsolidated cellular entity																																																-3,822,000	-2,487,000	-9,787,000	-5,236,000	-3,734,000	-9,914,000	-4,723,000	-3,841,000	-8,695,000	-3,306,000				-821,000	-4,149,000	-2,073,000
distributions from unconsolidated cellular entity																																																1,850,000	2,236,000	9,134,000	2,754,000	5,963,000	9,602,000	4,088,000	0	11,918,000	6,363,000
excess tax benefits from share-based compensation																																																-5,763,000	-5,858,000	-3,636,000	-2,190,000	-3,089,000	-753,000	-335,000	-336,000	-74,000	-19,000	7,000	-6,312,000	-3,032,000	-4,174,000	-4,947,000	-4,186,000
increase in other noncurrent assets																																																-18,718,000					2,542,000				-789,000						-2,193,000
increase in other noncurrent liabilities																																																4,189,000	4,977,000	1,581,000
payments for property, plant and equipment																																																-210,591,000	-263,990,000	-362,226,000	-167,180,000	-337,417,000	-130,801,000	-45,496,000	-101,813,000	-114,398,000	-54,739,000	-141,744,000	-106,856,000	-48,880,000	-101,037,000	-130,455,000	-60,088,000
payments of debt																																																-147,797,000	-304,509,000	-78,513,000	-32,629,000	-470,448,000	-394,666,000	-291,976,000	-30,097,000	-250,225,000	-245,058,000	-26,635,000	-667,132,000	-64,955,000	-43,049,000	-12,559,000	-8,002,000
cash dividends																																																-221,780,000	-221,340,000	-436,916,000	-218,052,000	-209,738,000	-141,105,000	-70,373,000	-70,117,000	-14,346,000	-7,261,000	-7,211,000	-14,480,000	-7,309,000	-7,227,000	-14,661,000	-7,301,000
extraordinary item																																																				-2,744,000
gains on asset dispositions and liquidation of marketable securities
receivables																																																	36,839,000	-16,441,000
accrued taxes
decrease in noncurrent assets
cash acquired from embarq acquisition																																																				0
purchase of wireless spectrum																																																							0	-148,964,000
proceeds from liquidation of marketable securities																																																							0	34,945,000
proceeds from sale of assets																																																													0	5,865,000
net proceeds from issuance of debt
net proceeds from settlement of hedges																																																							0	20,745,000	20,745,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
decrease in other noncurrent assets																																																		-19,112,000	-25,097,000					2,254,000			3,653,000
net income attributable to centurytel, inc.																																																			252,957,000			67,154,000
adjustments to reconcile net income to net cash provided
by operating activities:
increase (decrease) in other noncurrent liabilities																																																			2,002,000								-11,667,000	-401,000	1,211,000	1,550,000	957,000
(increase) decrease in noncurrent assets
acquisitions, net of cash acquired																																																										-40,000	-307,424,000
proceeds from redemption of rural telephone bank stock																																																													0	122,819,000
gain on asset disposition and liquidation of marketable securities																																																								-8,641,000
decrease in other noncurrent liabilities																																																					-4,823,000	-2,779,000		-5,479,000	-2,790,000
proceeds from sales of assets, net of cash sold
proceeds from sale of nonoperating investment																																																								4,209,000	4,209,000
gain on asset disposition																																																									-4,135,000
increase (decrease) in other noncurrent assets																																																						-306,000						1,032,000
deposit paid for wireless spectrum auction																																																									-25,000,000
net proceeds from the issuance of long-term debt																																																									135,000,000			741,840,000
proceeds from issuance of short-term debt																																																									40,000,000						291,000,000
proceeds from issuance of debt
gain on asset dispositions and liquidation of marketable securities
net payments of short-term debt
net proceeds from the issuance of short-term debt																																																											64,000,000
adjustments to reconcile net income to net cash from operating activities
gains on asset dispositions
changes in current assets and current liabilities
investment in unconsolidated cellular entity																																																													0	-5,222,000	-5,222,000
settlement of equity units
settlements of interest rate hedge contracts
gain on asset dispositions																																																													0
proceeds from sale of assets, net of cash sold
adjustments to reconcile net income to net cash provided by operating activities:
investment in debt security
(increase) decrease in other noncurrent assets																																																														969,000
nonrecurring gains																																																														-118,649,000
increase in noncurrent assets

Lumen Technologies, Inc(NYSE:LUMN)

Lumen Technologies, Inc
(NYSE:LUMN)