| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||||||||||||||||||||||||||
OPERATING ACTIVITIES | |||||||||||||||||||||||||||||||||||
Net income | |||||||||||||||||||||||||||||||||||
503,000 | 386,000 | 477,000 | 477,000 | 487,000 | 405,000 | 453,000 | 427,000 | 380,000 | 846,000 | 265,000 | 268,000 | 278,000 | 238,000 | 255,000 | 288,000 | 304,000 | 321,000 | 268,000 | 238,000 | 247,000 | 216,000 | 245,000 | 256,000 | 253,000 | 236,000 | 218,000 | 246,000 | 264,000 | 241,000 | 212,000 | 178,000 | 218,000 | 179,000 | 199,000 | 165,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||||||||||||||||
328,000 | 347,000 | 344,000 | 337,000 | 336,000 | 355,000 | 360,000 | 361,000 | 360,000 | 402,000 | 397,000 | 393,000 | 391,000 | 424,000 | 424,000 | 424,000 | 419,000 | 465,000 | 466,000 | 464,000 | 462,000 | 506,000 | 501,000 | 500,000 | 498,000 | 534,000 | 535,000 | 529,000 | 530,000 | 579,000 | 569,000 | 574,000 | 568,000 | 623,000 | 620,000 | 623,000 |
Deferred income taxes | |||||||||||||||||||||||||||||||||||
-11,000 | 196,000 | -31,000 | -32,000 | -33,000 | 39,000 | 13,000 | 37,000 | -41,000 | -680,000 | -30,000 | -31,000 | -32,000 | -71,000 | -17,000 | -17,000 | -18,000 | 53,000 | -62,000 | -87,000 | -93,000 | 32,000 | -80,000 | -93,000 | -87,000 | 28,000 | -68,000 | -63,000 | -49,000 | -78,000 | -20,000 | -41,000 | -62,000 | -17,000 | 94,000 | 73,000 |
Provision for uncollectible accounts | |||||||||||||||||||||||||||||||||||
13,000 | 15,000 | 9,000 | 13,000 | 14,000 | 9,000 | 12,000 | 16,000 | 23,000 | 19,000 | 18,000 | 16,000 | 21,000 | 22,000 | 18,000 | 17,000 | 23,000 | 19,000 | 20,000 | 16,000 | 23,000 | 20,000 | 19,000 | 14,000 | 11,000 | 19,000 | 18,000 | 15,000 | 13,000 | 15,000 | 16,000 | 23,000 | 20,000 | 13,000 | 14,000 | 17,000 |
Net long-term debt issuance costs and premium amortization | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4,000 | -4,000 | -3,000 | -5,000 | -6,000 | -4,000 | -11,000 | -12,000 | -11,000 | -11,000 | -11,000 | -14,000 | -15,000 | -15,000 | -14,000 | -14,000 | -22,000 | -25,000 | -48,000 | -60,000 |
Accrued interest on affiliate note | |||||||||||||||||||||||||||||||||||
31,000 | 0 | 31,000 | 0 | 30,000 | 0 | 27,000 | 0 | 16,000 | 0 | 21,000 | 30,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net loss on early retirement of debt | |||||||||||||||||||||||||||||||||||
-12,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -7,000 | 0 | -1,000 |
Changes in current assets and liabilities: | |||||||||||||||||||||||||||||||||||
Accounts receivable | |||||||||||||||||||||||||||||||||||
-36,000 | 24,000 | -12,000 | 0 | 7,000 | -37,000 | 42,000 | 50,000 | -95,000 | -19,000 | 82,000 | -1,000 | -42,000 | 43,000 | 9,000 | 29,000 | 11,000 | 1,000 | 33,000 | 0 | -8,000 | 14,000 | 25,000 | 66,000 | -39,000 | 17,000 | 47,000 | 1,000 | 29,000 | -1,000 | 107,000 | -41,000 | 11,000 | 40,000 | 11,000 | 20,000 |
Accounts payable | |||||||||||||||||||||||||||||||||||
-20,000 | -36,000 | 18,000 | -30,000 | -2,000 | 74,000 | -7,000 | -16,000 | 18,000 | -42,000 | 18,000 | -79,000 | 59,000 | 8,000 | 17,000 | -98,000 | 78,000 | -113,000 | 4,000 | -6,000 | 36,000 | 22,000 | -36,000 | -59,000 | 64,000 | -18,000 | 7,000 | -39,000 | 49,000 | -5,000 | -7,000 | 36,000 | -82,000 | -34,000 | 22,000 | -35,000 |
Accounts receivable and payable-affiliates, net | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -52,000 | 193,000 |
Accrued income and other taxes | |||||||||||||||||||||||||||||||||||
67,000 | -59,000 | 10,000 | -27,000 | 30,000 | -27,000 | 22,000 | -45,000 | 16,000 | 8,000 | 16,000 | -41,000 | 16,000 | -8,000 | 18,000 | -55,000 | 31,000 | -21,000 | 27,000 | -47,000 | 33,000 | -9,000 | 18,000 | -58,000 | 40,000 | -12,000 | 24,000 | -55,000 | 34,000 | -14,000 | 22,000 | -59,000 | 42,000 | -24,000 | 40,000 | -52,000 |
Other current assets and liabilities, net | |||||||||||||||||||||||||||||||||||
154,000 | -148,000 | 28,000 | -35,000 | 95,000 | -148,000 | 30,000 | -52,000 | 130,000 | -59,000 | 13,000 | -65,000 | 147,000 | -72,000 | -15,000 | -15,000 | 55,000 | 56,000 | -91,000 | 46,000 | -12,000 | 45,000 | -109,000 | 38,000 | -8,000 | 34,000 | -106,000 | 37,000 | 1,000 | 76,000 | -106,000 | 118,000 | -71,000 | 46,000 | 14,000 | -54,000 |
Other current assets and liabilities - affiliates, net | |||||||||||||||||||||||||||||||||||
16,000 | - | 15,000 | -16,000 | 15,000 | - | 12,000 | -14,000 | 9,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other current assets and liabilities - affiliates, net | |||||||||||||||||||||||||||||||||||
16,000 | -15,000 | 15,000 | -16,000 | 15,000 | -15,000 | 12,000 | -14,000 | 9,000 | -16,000 | 5,000 | 15,000 | -15,000 | - | - | - | -14,000 | 13,000 | -13,000 | 17,000 | -13,000 | 8,000 | -17,000 | 13,000 | -13,000 | - | - | 0 | 0 | - | - | - | - | - | - | - |
Changes in other noncurrent assets and liabilities, net | |||||||||||||||||||||||||||||||||||
-10,000 | -9,000 | 12,000 | -3,000 | -15,000 | -88,000 | -114,000 | -270,000 | -1,000 | 7,000 | -9,000 | -3,000 | -12,000 | -22,000 | 10,000 | -6,000 | 17,000 | 4,000 | 3,000 | 17,000 | 6,000 | 0 | -2,000 | 0 | 1,000 | -6,000 | 5,000 | -6,000 | 7,000 | -72,000 | -19,000 | 23,000 | 7,000 | 48,000 | -16,000 | -43,000 |
Changes in affiliate obligations, net | |||||||||||||||||||||||||||||||||||
-18,000 | 18,000 | -23,000 | -21,000 | -23,000 | -11,000 | -50,000 | -25,000 | -19,000 | -22,000 | -22,000 | -23,000 | -21,000 | -45,000 | -21,000 | -73,000 | 22,000 | -128,000 | 1,000 | 2,000 | 2,000 | -46,000 | 32,000 | 9,000 | 13,000 | 49,000 | 209,000 | -38,000 | -41,000 | 29,000 | 21,000 | 43,000 | 37,000 | 13,000 | 33,000 | 7,000 |
Other, net | |||||||||||||||||||||||||||||||||||
4,000 | 34,000 | -20,000 | 8,000 | -5,000 | 29,000 | -11,000 | -1,000 | 1,000 | -4,000 | 0 | -7,000 | 10,000 | -9,000 | 6,000 | 4,000 | -5,000 | 5,000 | 1,000 | -5,000 | 0 | 7,000 | -4,000 | -2,000 | -2,000 | 1,000 | -8,000 | 1,000 | -2,000 | -4,000 | 3,000 | -3,000 | -5,000 | -18,000 | -14,000 | -1,000 |
Net cash provided by operating activities | |||||||||||||||||||||||||||||||||||
785,000 | 1,015,000 | 812,000 | 773,000 | 732,000 | 1,139,000 | 901,000 | 1,042,000 | 709,000 | 620,000 | 597,000 | 594,000 | 624,000 | 642,000 | 726,000 | 537,000 | 747,000 | 551,000 | 786,000 | 527,000 | 727,000 | 793,000 | 731,000 | 461,000 | 816,000 | 681,000 | 734,000 | 548,000 | 750,000 | 695,000 | 773,000 | 603,000 | 703,000 | 626,000 | 965,000 | 610,000 |
INVESTING ACTIVITIES | |||||||||||||||||||||||||||||||||||
Capital expenditures | |||||||||||||||||||||||||||||||||||
317,000 | 278,000 | 260,000 | 229,000 | 288,000 | 308,000 | 222,000 | 218,000 | 292,000 | 242,000 | 392,000 | 376,000 | 318,000 | 399,000 | 314,000 | 275,000 | 271,000 | 348,000 | 335,000 | 304,000 | 260,000 | 366,000 | 296,000 | 277,000 | 226,000 | 308,000 | 349,000 | 345,000 | 262,000 | 370,000 | 296,000 | 259,000 | 341,000 | 398,000 | 338,000 | 300,000 |
Changes in advances to affiliates | |||||||||||||||||||||||||||||||||||
-1,147,000 | 238,000 | 153,000 | 193,000 | 110,000 | 479,000 | -1,010,000 | 541,000 | 109,000 | 175,000 | 5,000 | -111,000 | 83,000 | -102,000 | 163,000 | -375,000 | 398,000 | -595,000 | 188,000 | 123,000 | 260,000 | -467,000 | 713,000 | -427,000 | 281,000 | 0 | 182,000 | -240,000 | 177,000 | -138,000 | -624,000 | 879,000 | 278,000 | -610,000 | 576,000 | 191,000 |
Proceeds from sale of property, plant and equipment and other assets | |||||||||||||||||||||||||||||||||||
0 | - | 1,000 | 0 | 23,000 | - | 3,000 | 1,000 | 1,000 | - | 0 | 2,000 | 41,000 | - | 7,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | -1,000 | -1,000 |
Net cash provided by (used in) investing activities | |||||||||||||||||||||||||||||||||||
830,000 | -514,000 | -412,000 | -422,000 | -375,000 | -786,000 | 791,000 | -758,000 | -400,000 | -411,000 | -397,000 | -268,000 | -360,000 | -295,000 | -470,000 | 100,000 | -669,000 | 250,000 | -523,000 | -427,000 | -520,000 | 115,000 | -1,009,000 | 150,000 | -507,000 | -306,000 | -531,000 | -105,000 | -439,000 | -232,000 | 328,000 | -1,005,000 | -619,000 | 212,000 | -913,000 | -490,000 |
FINANCING ACTIVITIES | |||||||||||||||||||||||||||||||||||
Net proceeds from issuance of long-term debt | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 946,000 | 0 | 227,000 | 0 | 396,000 | 0 | 99,000 | 0 | 483,000 | 0 | 0 | - | - | - | - | - | - | - | - | 926,000 | 557,000 | 643,000 |
Payments of long-term debt | |||||||||||||||||||||||||||||||||||
1,109,000 | 2,000 | 4,000 | 3,000 | 3,000 | 4,000 | 1,347,000 | 4,000 | 4,000 | 12,000 | 2,000 | 626,000 | 1,000 | -1,000 | 949,000 | 237,000 | 4,000 | 405,000 | 6,000 | 100,000 | 6,000 | 608,000 | 9,000 | 10,000 | 14,000 | 12,000 | 10,000 | 760,000 | 24,000 | 11,000 | 496,000 | 897,000 | 26,000 | 1,515,000 | 14,000 | 839,000 |
Early retirement of debt costs | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13,000 |
Dividends paid to Qwest Services Corporation | |||||||||||||||||||||||||||||||||||
500,000 | 500,000 | 400,000 | 350,000 | 350,000 | 350,000 | 350,000 | 275,000 | 300,000 | 200,000 | 200,000 | 350,000 | 250,000 | 350,000 | 250,000 | 400,000 | 300,000 | 400,000 | 650,000 | 0 | 300,000 | 300,000 | 200,000 | 600,000 | 300,000 | 375,000 | 200,000 | 450,000 | 300,000 | - | - | - | - | 200,000 | 600,000 | 100,000 |
Net cash used in financing activities | |||||||||||||||||||||||||||||||||||
-1,609,000 | -502,000 | -404,000 | -353,000 | -353,000 | -354,000 | -1,697,000 | -279,000 | -304,000 | -212,000 | -202,000 | -338,000 | -251,000 | -349,000 | -253,000 | -637,000 | -77,000 | -807,000 | -260,000 | -100,000 | -207,000 | -908,000 | 274,000 | -610,000 | -314,000 | -374,000 | -198,000 | -446,000 | -308,000 | -464,000 | -1,096,000 | 406,000 | -87,000 | -842,000 | -57,000 | -309,000 |
Changes in note payable - affiliate | |||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 53,000 | -28,000 | 12,000 | 16,000 | 762,000 | 0 | 0 | -61,000 | - | - | - |
Net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||
6,000 | -1,000 | -4,000 | -2,000 | 4,000 | -1,000 | -5,000 | 5,000 | 5,000 | -3,000 | -2,000 | -12,000 | 13,000 | -2,000 | 3,000 | 0 | 1,000 | -6,000 | 3,000 | 0 | 0 | 0 | -4,000 | 1,000 | -5,000 | 1,000 | 5,000 | -3,000 | 3,000 | -1,000 | 5,000 | 4,000 | -3,000 | -4,000 | -5,000 | -189,000 |
Supplemental cash flow information: | |||||||||||||||||||||||||||||||||||
Income taxes paid, net | |||||||||||||||||||||||||||||||||||
179,000 | -45,000 | 193,000 | 194,000 | 197,000 | 50,000 | -100,000 | -129,000 | 171,000 | 303,000 | 197,000 | 202,000 | 205,000 | 223,000 | 177,000 | 195,000 | 206,000 | 116,000 | 353,000 | 118,000 | 261,000 | 123,000 | 236,000 | 254,000 | 248,000 | 114,000 | 202,000 | 219,000 | 215,000 | 248,000 | 152,000 | 156,000 | 51,000 | - | - | - |
Interest paid (net of capitalized interest of $10 and $6) | |||||||||||||||||||||||||||||||||||
81,000 | 97,000 | 92,000 | 97,000 | 92,000 | 100,000 | 129,000 | 127,000 | 110,000 | 124,000 | 114,000 | 128,000 | 101,000 | 135,000 | 104,000 | 148,000 | 101,000 | 150,000 | 100,000 | 148,000 | 99,000 | 162,000 | 90,000 | 161,000 | 92,000 | 169,000 | 99,000 | 158,000 | 87,000 | 158,000 | 78,000 | 197,000 | 80,000 | - | - | - |