CENTURYLINK, INC. CTL Cash Flow

Centurylink, inc. (CTL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income (loss)
314,000	223,000	302,000	371,000	-6,165,000	-2,412,000	272,000	292,000	115,000	1,117,000	92,000	17,000	163,000	42,000	152,000	196,000	236,000	338,000	205,000	143,000	192,000	188,000	188,000	193,000	203,000	239,000	-1,045,000	269,000	298,000	233,000	270,000	74,000	200,000	109,000	138,000	115,000	211,000	225,000	232,000	238,043	252,957
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
1,160,000	1,210,000	1,235,000	1,196,000	1,188,000	1,262,000	1,285,000	1,290,000	1,283,000	1,197,000	910,000	949,000	880,000	958,000	995,000	987,000	976,000	1,053,000	1,048,000	1,048,000	1,040,000	1,131,000	1,097,000	1,093,000	1,107,000	1,166,000	1,135,000	1,123,000	1,117,000	1,220,000	1,144,000	1,208,000	1,208,000	1,252,000	1,228,000	1,177,000	369,000	365,000	358,000	357,838	353,162
Impairment of goodwill and other assets
2,000	-10,000	10,000	-2,000	6,508,000	2,700,000	18,000	1,000	27,000	-11,000	0	11,000	0	-	-	-	-	0	1,000	0	8,000	0	0	32,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
105,000	90,000	106,000	118,000	126,000	36,000	86,000	277,000	123,000	-688,000	-117,000	-89,000	-37,000	-26,000	11,000	10,000	11,000	257,000	40,000	16,000	37,000	-10,000	93,000	102,000	106,000	42,000	42,000	141,000	166,000	134,000	123,000	22,000	115,000	97,000	124,000	134,000	40,000	113,000	36,000	-1,631	-15,369
Provision for uncollectible accounts
35,000	29,000	31,000	39,000	46,000	34,000	36,000	36,000	47,000	49,000	49,000	31,000	47,000	48,000	48,000	50,000	46,000	49,000	44,000	42,000	42,000	49,000	47,000	33,000	30,000	41,000	46,000	38,000	27,000	43,000	41,000	47,000	56,000	59,000	33,000	41,000	20,000	-	-	-	-
Gain on sale of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	32,000	-	-	-	-	-	-	-	-	-	-	-	-
Net long-term debt issuance costs and premium amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	0	0	-1,000	-2,000	9,000	-9,000	-10,000	-11,000	-1,000	-13,000	-16,000	-16,000	-17,000	-22,000	-21,000	-28,000	-	-	-	-	-	-	-	-
Net loss (gain) on early retirement of debt
-79,000	2,000	4,000	57,000	9,000	23,000	-29,000	0	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	0	-202,000	8,000	-	-	-	-	-	-	-	-
Income from unconsolidated cellular entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,236
Distributions from unconsolidated cellular entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,754
Share-based compensation
69,000	48,000	38,000	43,000	33,000	42,000	49,000	54,000	41,000	47,000	21,000	22,000	21,000	20,000	20,000	22,000	18,000	16,000	19,000	20,000	18,000	17,000	20,000	23,000	19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,101
Changes in current assets and liabilities:
Accounts receivable
-60,000	-2,000	-125,000	137,000	-5,000	-33,000	43,000	82,000	-117,000	-29,000	69,000	45,000	-116,000	108,000	33,000	151,000	-26,000	41,000	40,000	24,000	27,000	52,000	39,000	132,000	-60,000	107,000	57,000	14,000	34,000	18,000	72,000	82,000	-18,000	36,000	74,000	17,000	-25,000	-13,000	73,000	43,368	14,632
Accounts payable
-115,000	4,000	1,000	-27,000	-239,000	275,000	22,000	-159,000	-14,000	-30,000	19,000	-31,000	-81,000	57,000	-22,000	-4,000	78,000	-84,000	28,000	-32,000	-80,000	91,000	-96,000	-48,000	123,000	-76,000	-123,000	157,000	-34,000	-120,000	188,000	58,000	-198,000	-44,000	10,000	-23,000	-1,000	6,000	-6,000	-36,008	-59,992
Accrued income and other taxes
-16,000	-111,000	111,000	-25,000	45,000	-142,000	364,000	-167,000	20,000	-49,000	74,000	-177,000	206,000	-44,000	-207,000	48,000	160,000	-218,000	130,000	-16,000	136,000	-122,000	49,000	-76,000	65,000	-2,000	41,000	-87,000	76,000	-79,000	43,000	-58,000	80,000	-49,000	13,000	-29,000	96,000	-57,000	-20,000	-79,274	194,274
Other current assets and liabilities, net
366,000	-291,000	90,000	-103,000	336,000	-169,000	-234,000	14,000	262,000	393,000	-85,000	40,000	266,000	-116,000	-40,000	-8,000	72,000	176,000	-173,000	34,000	16,000	140,000	-226,000	61,000	295,000	40,000	-466,000	126,000	37,000	118,000	-140,000	162,000	-156,000	119,000	-21,000	10,000	-32,000	120,000	-17,000	-3,272	27,272
Retirement benefits
-25,000	12,000	-16,000	6,000	-14,000	-28,000	-444,000	-146,000	-49,000	-21,000	-125,000	-31,000	-25,000	-9,000	-115,000	-7,000	-21,000	-7,000	-115,000	-10,000	-9,000	71,000	-153,000	-74,000	-28,000	-54,000	-68,000	-42,000	-178,000	10,000	-16,000	-88,000	-75,000	-518,000	-41,000	-19,000	-110,000	-10,000	19,000	4,807	-284,807
Changes in other noncurrent assets and liabilities, net
14,000	-173,000	-5,000	-71,000	4,000	-5,000	76,000	-255,000	-145,000	120,000	-38,000	104,000	-12,000	-23,000	6,000	0	35,000	23,000	43,000	1,000	10,000	-33,000	0	-63,000	-3,000	53,000	-13,000	-34,000	-14,000	-70,000	-38,000	-6,000	-47,000	27,000	-31,000	-5,000	15,000	-	-	-	-
Other, net
11,000	18,000	-34,000	2,000	-2,000	-9,000	45,000	55,000	-73,000	225,000	-13,000	-53,000	-21,000	-5,000	-1,000	-17,000	-1,000	-33,000	15,000	6,000	-7,000	14,000	-5,000	9,000	2,000	57,000	-15,000	8,000	-20,000	74,000	-10,000	-10,000	-12,000	-26,000	-25,000	-39,000	-3,000	-5,000	-7,000	-15,306	1,306
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,190
Increase in other noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,097
Increase in other noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,002
Net cash provided by operating activities
1,299,000	1,909,000	1,888,000	1,701,000	1,182,000	1,996,000	1,787,000	1,582,000	1,667,000	1,178,000	958,000	685,000	1,057,000	1,096,000	911,000	1,178,000	1,423,000	1,197,000	1,475,000	1,145,000	1,336,000	1,251,000	1,428,000	1,129,000	1,380,000	1,151,000	1,552,000	1,469,000	1,387,000	1,379,000	1,887,000	1,216,000	1,583,000	728,000	1,455,000	1,348,000	670,000	564,000	600,000	419,537	461,463
INVESTING ACTIVITIES
Capital expenditures
974,000	940,000	957,000	800,000	931,000	915,000	684,000	771,000	805,000	743,000	753,000	830,000	780,000	971,000	746,000	653,000	611,000	833,000	767,000	656,000	616,000	934,000	712,000	731,000	670,000	837,000	801,000	747,000	663,000	895,000	719,000	627,000	678,000	900,000	721,000	579,000	211,000	264,000	238,000	194,820	167,180
Proceeds from sale of property, plant and equipment and other assets
35,000	39,000	28,000	1,000	25,000	33,000	0	122,000	3,000	1,478,000	3,000	3,000	45,000	8,000	11,000	4,000	7,000	2,000	3,000	12,000	14,000	63,000	0	-1,000	1,000	5,000	0	0	75,000	-	-	-	-	-	-	-	-	-	-	-	-
Deposits received from assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	0	0	95,000	-34,000	0	0	8,000	-3,000	-	-	1,000	1,000	0	0	0	8,000	0	-18,000	5,000	13,000	39,000	4,000	-19,000	-4,000	-10,000	-31,000	18,000	-15,000	-2,000	-5,000	-6,000	-3,000	-3,000	0	-342	-1,658
Net cash used in investing activities
-939,000	-899,000	-954,000	-811,000	-906,000	-882,000	-684,000	-744,000	-768,000	-8,021,000	-756,000	638,000	-732,000	-982,000	-733,000	-674,000	-605,000	-831,000	-764,000	-648,000	-610,000	-964,000	-694,000	-737,000	-682,000	-1,031,000	-805,000	-728,000	-584,000	-827,000	-688,000	-512,000	-663,000	-898,000	-2,387,000	-154,000	-208,000	-261,000	-238,000	-191,514	-168,486
FINANCING ACTIVITIES
Net proceeds from issuance of long-term debt
1,237,000	2,719,000	988,000	0	0	0	0	0	130,000	1,790,000	0	6,608,000	0	0	946,000	988,000	227,000	-1,000	396,000	0	594,000	0	483,000	0	0	741,000	0	752,000	988,000	-1,000	2,000	1,329,000	2,032,000	-	-	-	-	-	-	-	-
Payments of long-term debt
2,488,000	2,698,000	699,000	607,000	153,000	397,000	1,416,000	55,000	68,000	351,000	82,000	1,499,000	31,000	26,000	972,000	1,439,000	25,000	431,000	29,000	120,000	386,000	638,000	41,000	74,000	47,000	841,000	151,000	962,000	56,000	589,000	899,000	2,781,000	849,000	1,542,000	585,000	854,000	3,000	-	-	-	-
Net proceeds from revolving line of credit
1,125,000	-450,000	50,000	-45,000	145,000	-40,000	590,000	0	-405,000	405,000	-740,000	365,000	5,000	-365,000	735,000	0	-410,000	-410,000	320,000	830,000	-425,000	144,000	-260,000	90,000	30,000	-715,000	1,395,000	-30,000	-745,000	546,000	-30,000	-250,000	277,000	-453,000	0	220,000	145,000	-	-	-	-
Dividends paid
291,000	271,000	275,000	269,000	285,000	577,000	579,000	576,000	580,000	572,000	291,000	294,000	296,000	291,000	290,000	296,000	290,000	293,000	296,000	305,000	304,000	304,000	308,000	307,000	309,000	315,000	325,000	320,000	341,000	454,000	452,000	453,000	452,000	451,000	448,000	435,000	222,000	221,000	221,000	218,948	218,052
Payments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,629
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	3,000	-	2,000	-1,000	4,000	-	2,000	1,000	8,000	5,000	13,000	25,000	7,000	19,000	14,000	27,000	13,000	19,000	26,000	30,000	35,000	24,000	21,000	39,000	19,000	76,000	28,000	17,031	8,969
Shares withheld to satisfy tax withholdings
-	-	-	-	-	-	-	-	-	-	-	-	14,000	-	0	3,000	12,000	278,000	264,000	92,000	185,000	92,000	65,000	165,000	328,000	334,000	385,000	470,000	397,000	17,000	0	9,000	11,000	0	1,000	15,000	15,000	3,000	1,000	2,570	10,430
Other, net
-69,000	-24,000	-7,000	-3,000	-27,000	-2,000	-10,000	-12,000	-26,000	-	-	-	-	-	-	-	-	10,000	0	-1,000	-1,000	0	-3,000	1,000	0	-	-	-	-	-12,000	7,000	4,000	3,000	32,000	-20,000	-22,000	1,000	-	-	-	-
Net cash used in financing activities
-486,000	-724,000	57,000	-924,000	-320,000	-1,016,000	-1,415,000	-643,000	-949,000	1,266,000	-395,000	4,818,000	-333,000	-32,000	-229,000	-751,000	-506,000	-594,000	-511,000	-497,000	-699,000	-893,000	-181,000	-430,000	-647,000	-218,000	-695,000	-1,003,000	-538,000	-536,000	-1,286,000	-1,954,000	481,000	-818,000	-476,000	1,082,000	-365,000	-373,000	-305,000	-248,706	-248,294
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,190
Effect of exchange rates on cash, cash equivalents, restricted cash and securities
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	1,000	1,000	-	-	-	-	-	-	-	-
Net decrease in cash, cash equivalents and restricted cash
-126,000	286,000	991,000	-34,000	-44,000	98,000	-312,000	195,000	-50,000	-5,577,000	-193,000	6,141,000	-8,000	82,000	-51,000	-247,000	312,000	-228,000	200,000	0	27,000	-606,000	553,000	-38,000	51,000	-98,000	52,000	-262,000	265,000	17,000	-87,000	-1,249,000	1,402,000	-995,000	-1,423,000	2,276,000	97,000	-70,000	57,000	-20,683	44,683
Supplemental cash flow information:
Income taxes paid, net
6,000	20,000	-76,000	15,000	7,000	0	-382,000	-294,000	2,000	14,000	118,000	265,000	-5,000	53,000	323,000	10,000	11,000	9,000	13,000	36,000	5,000	6,000	-2,000	13,000	10,000	3,000	-1,000	38,000	8,000	23,000	28,000	30,000	1,000	-18,000	-1,000	-94,000	-5,000	822,000	-150,000	-250,839	2,839
Interest paid (net of capitalized interest of $23 and $15)
383,000	522,000	456,000	570,000	480,000	567,000	510,000	570,000	491,000	484,000	293,000	369,000	255,000	379,000	262,000	398,000	262,000	396,000	260,000	384,000	270,000	404,000	262,000	407,000	265,000	418,000	268,000	382,000	265,000	408,000	268,000	485,000	244,000	465,000	300,000	530,000	-70,000	203,000	611,000	-331,727	65,727