Company profile

Ticker
CTQ
Exchange
Employees
Incorporated in
Location
Fiscal year end
Former names
U S West Communications Inc
SEC CIK

Calendar

8 Nov 19
7 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 2.04B 2.05B 2.06B 2.11B
Net income 477M 477M 487M 405M
Net profit margin 23.39% 23.26% 23.70% 19.17%
Operating income 748M 750M 760M 685M
Net change in cash -4M -2M 4M -1M
Cash on hand 3M 7M 9M 5M
Cost of revenue 630M 588M 607M 661M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 8.49B 8.55B 8.91B 8.96B
Net income 1.67B 1.66B 1.09B 1.07B
Net profit margin 19.60% 19.38% 12.18% 11.98%
Operating income 2.66B 2.31B 2.32B 2.26B
Net change in cash 4M -4M 2M -3M
Cash on hand 5M 1M 5M 3M
Cost of revenue 2.77B 2.88B 2.93B 2.87B

Financial data from Qwest earnings reports

Financial report summary

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Risks
  • Our failure to simplify our service support systems could adversely impact our competitive position.
  • We may not be able to compete successfully against current or future competitors.
  • Rapid technological changes could significantly impact our competitive and financial position.
  • Several of our services continue to experience declining revenue, and our efforts to offset these declines may not be successful.
  • Our failure to meet the evolving needs of our customers could adversely impact our competitive position.
  • Our failure to strengthen our relations with our customers could harm our competitive position.
  • We could experience difficulties in consolidating, integrating, updating and simplifying our technical infrastructure.
  • We may not be able to successfully adjust to changes in our industry, our markets and our product mix.
  • We could be harmed by security breaches or other significant disruptions or failures of networks, information technology infrastructure or related systems owned or operated by us.
  • Negative publicity may adversely impact us.
  • Market prices for many of our services have decreased in the past, and any similar price decreases in the future will adversely affect our revenue and margins.
  • Our future growth potential will depend in part on the continued development and expansion of the Internet.
  • Our failure to hire and retain qualified personnel could harm our business.
  • Increases in broadband usage may cause network capacity limitations, resulting in service disruptions, reduced capacity or slower transmission speeds for our customers.
  • We have been accused of infringing the intellectual property rights of others and will likely face similar accusations in the future, which could subject us to costly and time-consuming litigation or require us to seek third-party licenses.
  • We may not be successful in protecting and enforcing our intellectual property rights.
  • Our operations, financial performance and liquidity are materially reliant on various third parties.
  • Violating our government contracts could have other serious consequences.
  • Portions of our property, plant and equipment are located on property owned by third parties.
  • Our business customers may seek to shift risk to us.
  • We may not be able to dispose of assets or asset groups on terms that are attractive to us, or at all.
  • Unfavorable general economic conditions could negatively impact our operating results and financial condition.
  • We cannot assure you that our ultimate parent company, CenturyLink, will timely realize the anticipated benefits of the Level 3 business combination.
  • The Level 3 acquisition poses various risks to CenturyLink and us.
  • CenturyLink’s acquisition of Level 3 raises other risks.
  • We operate in a highly regulated industry and are therefore exposed to restrictions on our operations and a variety of risks relating to such regulation.
  • Our participation in the FCC's Connect America Fund ("CAF") Phase 2 support program poses certain risks.
  • Regulation of the Internet could limit our ability to operate our broadband business profitably and to manage our broadband facilities efficiently.
  • We may be liable for the material that content providers or distributors distribute over our network.
  • Any adverse outcome in any material litigation of CenturyLink or its affiliates could have a material adverse impact on our financial condition and operating results, the trading price of our securities and our ability to access the capital markets.
  • We are subject to franchising requirements that could impede our expansion opportunities or result in potential fines or penalties.
  • We are exposed to risks arising out of recent legislation affecting U.S. public companies.
  • Changes in any of the above-described laws or regulations may limit our ability to plan, and could subject us to further costs or constraints.
  • CenturyLink's and our high debt levels expose us to a broad range of risks.
  • Subject to certain limitations, our current debt agreements and the debt agreements of CenturyLink and its other subsidiaries allow us to incur additional debt, which could exacerbate the other risks described in this report.
  • We expect to periodically require financing, and we cannot assure you that we will be able to obtain such financing on terms that are acceptable to us, or at all.
  • Any downgrade in the credit ratings of us could limit our ability to obtain future financing, increase our borrowing costs and adversely affect the market price of our existing debt securities or otherwise impair our business, financial condition and results of operations.
  • Our business requires us to incur substantial capital and operating expenses, which reduces our available free cash flow.
  • Adverse changes in the value of assets or obligations associated with CenturyLink's qualified pension plan could negatively impact CenturyLink's liquidity, which may in turn affect our business and liquidity.
  • We regularly transfer our cash for centralized management by CenturyLink, which exposes us to certain risks.
  • Terrorist attacks and other acts of violence or war may adversely affect the financial markets and our business.
  • If conditions or assumptions differ from the judgments, assumptions or estimates used in our critical accounting policies or forward-looking statements, our consolidated financial statements and related disclosures could be materially affected.
  • We identified a material weakness in our internal control over financial reporting as of December 31, 2018, and the occurrence of this or any other future material weakness or significant deficiencies could have a material adverse effect on us.
  • Lapses in disclosure controls and procedures or internal control over financial reporting could materially and adversely affect our operations, profitability or reputation.
  • If our goodwill or other intangible assets become impaired, we may be required to record a significant charge to earnings and reduce our stockholders' equity.
  • The Tax Cuts and Jobs Act will have a substantial impact on us.
  • Changes in tax laws or tax audits could adversely affect us.
Management Discussion
  • For a discussion of certain trends that impact our business, see the MD&A discussion of trends impacting CenturyLink's business included in CenturyLink's reports filed with the Securities and Exchange Commission ("SEC"), including most recently its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2019.
  • Total operating revenue decreased by $110 million, or 5%, and $235 million, or 4%, for the three and nine months ended September 30, 2019 as compared to the three and nine months ended September 30, 2018. The change in operating revenue for both periods was primarily due to decreases in voice and collaboration, transport and infrastructure and affiliate services. The decrease in voice and collaboration was due to a continued decline in revenue services from our local voice services. The reduction in transport and infrastructure was attributable to a continued decline in private line (including business data services).
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New words: collateralized, created, CWA, deficit, Digital, IBEW, implicit, length, NaN, nm, Opportunity, Proposed, reached, readily, released, Rulemaking, similarly, succeed, transformational, wholly
Removed: end, retained, reviewing, software, traditional

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