Qwest corp (CTAA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
OPERATING ACTIVITIES
OPERATING ACTIVITIES
Net income

1,827

1,665

1,657

1,085

1,074

970

964

849

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

1,364

1,436

1,583

1,691

1,857

2,005

2,128

2,290

Deferred income taxes

100

48

-773

-123

-189

-228

-152

-201

Provision for uncollectible accounts

51

60

74

80

78

64

65

74

Net long-term debt issuance costs and premium amortization

-

-

-

-12

-18

-38

-51

-65

Accrued interest on affiliate note

61

43

51

59

59

42

0

0

Net loss on early retirement of debt

0

-30

-5

-27

0

0

-

-47

Impairment of asset

-

-

-

11

0

17

0

0

Changes in current assets and liabilities:
Accounts receivable

19

-40

20

92

26

66

94

76

Accounts payable

-50

69

-44

5

-79

-9

-1

-58

Accrued income and other taxes

-46

-34

-1

-14

-8

-9

-9

-9

Other current assets and liabilities, net

-60

-40

36

-47

-1

-34

-34

17

Other current assets and liabilities - affiliates, net

-1

-8

-11

0

4

-9

0

0

Changes in other noncurrent assets and liabilities, net

-15

-473

-17

-1

30

-1

0

-61

Changes in affiliate obligations, net

-49

-105

-88

-117

-123

8

179

130

Other, net

17

18

-1

-4

1

-1

-8

-9

Net cash provided by operating activities

3,332

3,791

2,435

2,652

2,591

2,801

2,713

2,774

INVESTING ACTIVITIES
Capital expenditures

1,055

1,040

1,328

1,259

1,247

1,165

1,264

1,266

Changes in advances to affiliates

694

119

152

84

-24

100

119

395

Proceeds from sale of property, plant and equipment and other assets

26

6

49

9

3

14

2

133

Cash paid for acquisition

0

0

5

0

0

-

-

-

Net cash provided by (used in) investing activities

-1,723

-1,153

-1,436

-1,334

-1,220

-1,251

-1,381

-1,528

FINANCING ACTIVITIES
Net proceeds from issuance of long-term debt

-

0

638

1,173

495

483

752

896

Payments of long-term debt

12

1,359

641

1,189

517

641

806

1,430

Early retirement of debt costs

-

-

-

-

2

0

0

178

Dividends paid to Qwest Services Corporation

1,600

1,275

1,000

1,300

1,350

1,400

1,325

1,150

Net cash used in financing activities

-1,612

-2,634

-1,003

-1,316

-1,374

-1,558

-1,326

-1,241

Changes in note payable - affiliate

-

-

-

-

-

-

53

701

Changes in advances from affiliates

-

-

-

-

-

-

-

-80

Net increase in cash, cash equivalents and restricted cash

-3

4

-4

2

-3

-8

6

5

Supplemental cash flow information:
Income taxes paid, net

539

-8

907

801

848

861

750

607

Interest paid (net of capitalized interest of $10 and $6)

378

466

467

488

497

505

513

513