QWEST CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.75B | $5.51B | $5.92B | $6.45B | $6.95B | $7.31B | $8.05B | $8.40B |
| Cost of Revenue | $1.45B | $1.51B | $1.61B | $1.65B | $1.72B | $2.00B | $2.33B | $2.67B |
| Gross Profit | $3.30B | $4.00B | $4.31B | $4.80B | $5.23B | $5.32B | $5.72B | $5.73B |
| Gross Margin | 69.5% | 72.7% | 72.8% | 74.5% | 75.2% | 72.7% | 71.0% | 68.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $456.0M | $438.0M | $478.0M | $454.0M | $354.0M | $564.0M | $659.0M | $799.0M |
| Operating Income | $-1.01B | $2.05B | $-195.0M | $2.76B | $3.11B | $2.71B | $2.88B | $2.66B |
| Operating Margin | -21.3% | 37.2% | -3.3% | 42.7% | 44.7% | 37.1% | 35.8% | 31.7% |
| Interest Expense | — | $62.0M | $95.0M | $112.0M | $181.0M | $279.0M | $380.0M | $448.0M |
| Pretax Income | $-975.0M | $2.01B | $-270.0M | $2.59B | $2.82B | $2.30B | $2.47B | $2.16B |
| Income Tax Expense | $352.0M | $527.0M | $561.0M | $671.0M | $709.0M | $595.0M | $641.0M | $494.0M |
| Net Income | $-1.33B | $1.49B | $-831.0M | $1.92B | $2.11B | $1.71B | $1.83B | $1.67B |
| Net Margin | -27.9% | 27.0% | -14.0% | 29.8% | 30.3% | 23.3% | 22.7% | 19.8% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Shares Outstanding (Diluted) | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Dividends Per Share | — | — | — | — | — | — | — | — |