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Qwest (CTBB)

We are an integrated communications company engaged primarily in providing an array of communications services to our business and residential customers. Our specific products and services are detailed below under the heading "Operations - Products and Services."

Calendar

4 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6M 6M 6M 6M 6M 6M
Cash burn (monthly) 1.67M 166.67K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.23M 222.9K n/a n/a n/a n/a
Cash remaining 3.77M 5.78M n/a n/a n/a n/a
Runway (months of cash) 2.3 34.7 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • For a discussion of certain trends that impact our business, see the MD&A discussion of trends impacting Lumen's business included in Lumen's reports filed with the SEC, including most recently its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022.
  • Total operating revenue decreased by $92 million and $228 million, respectively, for the three and six months ended June 30, 2022 as compared to the three and six months ended June 30, 2021. The decreases were primarily due to (i) decreases in our voice, traditional broadband and ethernet services in both periods, (ii) a $37 million reduction in CAF II revenue for the three months ended June 30, 2022 compared to the same period in 2021 due to the conclusion of the CAF II program on December 31, 2021, and (iii) a $60 million reduction in CAF II revenue, net of a non-cash revenue release related to CAF II support payments received through the end of 2021 based on our final buildout and filing submissions, for the six months ended June 30, 2022 as compared to the same period in 2021. Affiliate services revenue also decreased for the six months ended June 30, 2022 due to a reduction in the number of employees providing services to our affiliates.

Content analysis

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Legalese
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Readability
H.S. sophomore Avg
New words: automatically, commenced, eligible, initial, intent, Lender, original, successive, unlimited
Removed: begin, indebted
Proxies
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