CTBB (CTBB)
Qwest Corp. NT
NASDAQ:CTBBCommunication Services · Telecommunications Services
Mkt Cap-
Float-
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.75B
Net Income-$1.33B
Total Assets$15.82B
Free Cash Flow$938M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$1.69B
Total Equity$10.92B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CTBB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$15.82B
Liabilities$4.9B
Accounts Receivable$199M
Accounts Payable$152M
Inventory$0
PP&E (Net)$7.45B
Goodwill$3.64B
Intangible Assets$111M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $4.75B | $5.51B | $5.92B | $6.45B | $6.95B | $7.31B |
| YoY Growth | -13.8% | -6.9% | -8.3% | -7.2% | -5.0% | - |
| Cost of Revenue | $0 | $1.48B | $1.58B | $1.62B | $1.7B | $1.93B |
| Gross Profit | $0 | $4.03B | $4.33B | $4.83B | $5.26B | $5.38B |
| Gross Margin | - | 73.1% | 73.3% | 74.9% | 75.6% | 73.6% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $456M | $438M | $1.3B | $1.21B | $1.14B | $1.36B |
| Other | $5.3B | $1.54B | $3.23B | $860M | $1.01B | $1.31B |
| Total Operating Expenses | $5.76B | $1.98B | $4.53B | $2.07B | $2.15B | $2.67B |
| Operating Income (EBIT) | -$1.01B | $2.05B | -$195M | $2.75B | $3.11B | $2.71B |
| Operating Margin | -21.3% | 37.2% | -3.3% | 42.7% | 44.7% | 37.1% |
| Interest Expense | $91M | $62M | $80M | $172M | $286M | $353M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $34M | -$37M | -$75M | -$165M | -$292M | -$409M |
| Income Before Tax (EBT) | -$975M | $2.01B | -$270M | $2.59B | $2.82B | $2.3B |
| Income Tax Expense | $352M | $527M | $561M | $671M | $709M | $595M |
| Net Income | -$1.33B | $1.49B | -$831M | $1.92B | $2.11B | $1.71B |
| Net Income Margin | -27.9% | 27.0% | -14.0% | 29.8% | 30.3% | 23.3% |
| Supplementary Data | ||||||
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Weighted Average OS | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -$199M | $2.83B | $3.03B | $3.62B | $4.12B | $4.03B |
| EBITDA Margin | -4.2% | 51.4% | 51.3% | 56.1% | 59.2% | 55.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $39M | $26M | $10M | $8M | $2M | $14M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $39M | $26M | $10M | $8M | $2M | $14M |
| Accounts Receivable | $199M | $199M | $238M | $307M | $265M | $327M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.27B | $1.08B | $119M | $683M | $173M | $119M |
| Total Current Assets | $4.5B | $1.31B | $415M | $1.04B | $490M | $500M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $7.45B | $8.87B | $8.77B | $8.34B | $8.25B | $8.38B |
| Goodwill | $3.64B | $6.96B | $6.96B | $9.36B | $9.36B | $9.36B |
| Intangible Assets | $111M | $84M | $103M | $138M | $199M | $343M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $120M | $151M | $99M | $73M | $72M | $80M |
| Total Long-Term Assets | $11.31B | $16.05B | $15.92B | $17.91B | $17.88B | $18.16B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $15.82B | $17.36B | $16.34B | $18.96B | $18.37B | $18.66B |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $152M | $221M | $362M | $231M | $206M | $292M |
| Short-Term Debt | $0 | $239M | $61M | $0 | $1.24B | $2.67B |
| Current Income Tax Payable | $110M | $106M | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $143M | $153M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $358M | $338M | $359M | $365M | $416M | $408M |
| Total Current Liabilities | $653M | $966M | $933M | $746M | $2.04B | $3.6B |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $1.69B | $1.69B | $2.15B | $2.15B | $2.15B | $2.38B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $1.46B | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.1B | $2.42B | $2.44B | $2.43B | $2.48B | $2.5B |
| Total Long-Term Liabilities | $4.25B | $4.15B | $4.65B | $4.64B | $4.7B | $4.96B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.9B | $5.12B | $5.58B | $5.39B | $6.74B | $8.56B |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $10.05B | $10.05B | $10.05B | $10.05B | $10.05B | $10.05B |
| Retained Earnings | $866M | $2.19B | $706M | $3.52B | $1.58B | $48M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $10.92B | $12.24B | $10.76B | $13.57B | $11.63B | $10.1B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $15.82B | $17.36B | $16.34B | $18.96B | $18.37B | $18.66B |
| Supplementary Data | ||||||
| Total Debt | $1.69B | $1.99B | $2.29B | $2.24B | $3.5B | $5.16B |
| Net Debt | $1.65B | $1.97B | $2.27B | $2.23B | $3.49B | $5.15B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$1.33B | $1.49B | -$831M | $1.92B | $2.11B | $1.71B |
| Depreciation & Amortization | $685M | $753M | $823M | $860M | $1.01B | $1.31B |
| Deferred Income Tax | $125M | $37M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $15M | $21M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$23M | -$11M | $20M | -$68M | $36M | $88M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$50M | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | -$112M | -$142M | -$144M | -$201M | -$238M |
| Total Working Capital Change | $0 | -$123M | -$122M | -$212M | -$165M | -$150M |
| Other Non-Cash Items | $2.28B | $40M | $2.52B | $59M | $67M | $178M |
| Net Cash from Operating | $1.76B | $2.19B | $2.39B | $2.63B | $3.03B | $3.07B |
| Investing Activities | ||||||
| Capital Expenditures | -$824M | -$1.05B | -$1.06B | -$849M | -$797M | -$1.09B |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$688M | -$844M | $596M | -$500M | $46M | $1.84B |
| Net Cash from Investing | -$1.51B | -$1.89B | -$466M | -$1.35B | -$751M | $754M |
| Financing Activities | ||||||
| Debt Repaid | - | $226M | $2M | $1M | $1.19B | $2.68B |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | -$1.98B | $0 | -$570M | -$1.73B |
| Other Financing Activities | -$238M | -$61M | $61M | -$1.27B | -$537M | $592M |
| Net Cash from Financing | -$238M | -$287M | -$1.92B | -$1.27B | -$2.29B | -$3.81B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $12M | $16M | $2M | $6M | -$11M | $11M |
| Supplementary Data | ||||||
| Operating Cash Flow | $1.76B | $2.19B | $2.39B | $2.63B | $3.03B | $3.07B |
| Capital Expenditure | -$824M | -$1.05B | -$1.06B | -$849M | -$797M | -$1.09B |
| Free Cash Flow | $938M | $1.15B | $1.33B | $1.78B | $2.24B | $1.98B |
| Cash at Beginning | $28M | $12M | $10M | $4M | $15M | $4M |
| Cash at End | $40M | $28M | $12M | $10M | $4M | $15M |