For the quarter ending 2026-03-31, CTBB had $17M increase in cash & cash equivalents over the period. $149M in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net (loss) income | -226 | -2,064 | 176 | 561 |
| Depreciation and amortization | 150 | 158 | 162 | 365 |
| Net loss on disposal group held for sale | - | -235 | - | - |
| Goodwill impairment | - | 2,012 | - | - |
| Net loss on sale of business | -242 | - | - | - |
| Deferred income taxes | -298 | 101 | 6 | 18 |
| Provision for uncollectible accounts | 3 | 13 | 6 | 20 |
| Accounts receivable | -13 | 6 | 14 | 3 |
| Accounts payable | -32 | -20 | -1 | -29 |
| Accrued income and other taxes | 6 | -3 | 16 | -9 |
| Other current assets and liabilities, net | 11 | 24 | -85 | 4 |
| Changes in other assets and liabilities, net | -433 | 2 | -4 | -24 |
| Changes in affiliate obligations, net | -11 | -12 | -12 | -25 |
| Other, net | -5 | 14 | -1 | 15 |
| Changes in advances to affiliates | - | -157 | 28 | 365 |
| Net cash provided by operating activities | 264 | 402 | 427 | 933 |
| Capital expenditures | 115 | 242 | 175 | 407 |
| Proceeds from sale of business | 2,366 | - | - | - |
| Changes in advances to affiliates | 1,960 | - | - | - |
| Net increase in note receivable - affiliates | 539 | 0 | 37 | 900 |
| Proceeds from sale of property, plant and equipment and other assets | 1 | 1 | 5 | 7 |
| Net cash used in investing activities | -247 | -398 | -179 | -935 |
| Payments of long-term debt | - | 1 | 237 | 0 |
| Dividends paid | - | 0 | - | - |
| Changes in advances from affiliates | - | 0 | 0 | 0 |
| Net cash used in financing activities | - | -1 | -237 | 0 |
| Net increase in cash, cash equivalents and restricted cash | 17 | 3 | 11 | -2 |
| Cash, cash equivalents and restricted cash at beginning of period | 40 | 37 | 28 | - |
| Cash, cash equivalents and restricted cash at end of period | 57 | 40 | 37 | - |
QWEST CORP (CTBB)
QWEST CORP (CTBB)