In fiscal 2025, which ended Dec 31, 2025, Qwest Corp generated $1.8 billion of cash from operations, down 19.7% from the year before. It spent $824.0 million on capital expenditures. That left free cash flow of $938.0 million.
USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.
| Line |
FY 2026
Mar 31, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | |||||||||||
| Depreciation and amortization |
644
|
685
-9.0%
|
753
-8.5%
|
823
-4.3%
|
860
-14.8%
|
1,009
-23.3%
|
1,315
-3.6%
|
1,364
-5.0%
|
1,436
-9.3%
|
1,583
-6.4%
|
1,691
-8.9%
|
| Operating cash flow |
1,573
|
1,762
-19.7%
|
2,194
-8.2%
|
2,389
-9.0%
|
2,626
-13.4%
|
3,033
-1.2%
|
3,071
-7.8%
|
3,332
-12.1%
|
3,791
+55.7%
|
2,435
-8.2%
|
2,652
+2.4%
|
| Investing | |||||||||||
| Capital expenditures |
736
|
824
-21.3%
|
1,047
-1.4%
|
1,062
+25.1%
|
849
+6.5%
|
797
-26.9%
|
1,091
+3.4%
|
1,055
+1.4%
|
1,040
-21.7%
|
1,328
+5.5%
|
1,259
+1.0%
|
| Investing cash flow |
-1,320
|
-1,512
+20.0%
|
-1,891
-305.8%
|
-466
+65.5%
|
-1,349
-79.6%
|
-751
-199.6%
|
754
+143.8%
|
-1,723
-49.4%
|
-1,153
+19.7%
|
-1,436
-7.6%
|
-1,334
-9.3%
|
| Financing | |||||||||||
| Debt issued |
—
|
—
|
—
|
—
|
0
|
0
-100.0%
|
115
|
—
|
0
|
638
-45.6%
|
1,173
+137.0%
|
| Debt repaid |
—
|
238
+5.3%
|
226
+11200.0%
|
2
+100.0%
|
1
-99.9%
|
1,186
-57.6%
|
2,796
+23200.0%
|
12
-99.1%
|
1,359
+112.0%
|
641
-46.1%
|
1,189
+130.0%
|
| Dividends paid |
—
|
0
|
0
-100.0%
|
1,980
|
0
-100.0%
|
570
-67.0%
|
1,725
+7.8%
|
1,600
+25.5%
|
1,275
+27.5%
|
1,000
-23.1%
|
1,300
-3.7%
|
| Financing cash flow |
—
|
-238
+17.1%
|
-287
+85.1%
|
-1,921
-51.1%
|
-1,271
+44.6%
|
-2,293
+39.9%
|
-3,814
-136.6%
|
-1,612
+38.8%
|
-2,634
-162.6%
|
-1,003
+23.8%
|
-1,316
+4.2%
|
| Change in cash | |||||||||||
| Net change in cash |
15
|
12
-25.0%
|
16
+700.0%
|
2
-66.7%
|
6
+154.5%
|
-11
-200.0%
|
11
+466.7%
|
-3
-175.0%
|
4
|
—
|
—
|
| Free cash flow |
837
|
938
-18.2%
|
1,147
-13.6%
|
1,327
-25.3%
|
1,777
-20.5%
|
2,236
+12.9%
|
1,980
-13.0%
|
2,277
-17.2%
|
2,751
+148.5%
|
1,107
-20.5%
|
1,393
+3.6%
|
| Shareholder returns | |||||||||||
| Returned to shareholders |
—
|
0
|
0
|
1,980
|
0
|
570
|
1,725
|
1,600
|
1,275
|
1,000
|
1,300
|
| Share of free cash flow |
—
|
0.00%
|
0.00%
|
149.21%
|
0.00%
|
25.49%
|
87.12%
|
70.27%
|
46.35%
|
90.33%
|
93.32%
|
| Ratios | |||||||||||
| Free cash flow margin |
19.38%
|
20.91%
|
21.96%
|
23.70%
|
29.25%
|
34.57%
|
28.97%
|
28.28%
|
32.77%
|
12.95%
|
15.63%
|
| Capital expenditures to revenue |
17.04%
|
18.37%
|
20.05%
|
18.96%
|
13.97%
|
12.32%
|
15.96%
|
13.10%
|
12.39%
|
15.53%
|
14.13%
|
| Cash conversion |
—
|
—
|
—
|
—
|
—
|
—
|
—
|
2.00x
|
2.28x
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.
Company profile
- Industry
- Telephone Communications (No Radiotelephone) (SIC 4813)
- Listed as
- CTGG (Nasdaq), CTHH (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- CO
- Headquarters
- Monroe, LA
- SEC filer status
- Non-accelerated filer
- SEC CIK
- 68622
- Former names
- U S WEST COMMUNICATIONS INC (until Oct 11, 2000)
Other Telephone Communications (No Radiotelephone) companies
- Verizon Communications Inc VZ
- AT&T Inc. T
- America Movil Sab De CV/ AMX
- Swisscom AG SCMWY
- Telenor ASA TELNY
- Bce Inc BCE
- Telefonica Brasil S.A. VIV
- Perusahaan Perseroan Persero PT Telekomunikasi Indonesia TBK TLK
All 33 Telephone Communications (No Radiotelephone) companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.