2001(Restated) Annual Report.pdf

ANNUAL REPORT FORM M -6 O10:0
QWEST CORPORATION
OF
DENVER,COLORADO
TO THE
PUBLIC UTILITY COMMISSION OF IDAHO (NO.)
FOR THE
YEAR ENDING DECEMBER 31,2001
RESTATED
Office or other person to whom correspondence should be addressed concerning this report:
Name:James M.Schmit Title:Vice President
Address:999 Main St,11th Floor City:Boise State:Idaho Zip:83702
ANNUAL REPORT FORM M
PUBLIC UTILITY COMMISSION OF IDAHO (NO)
TABLE OF CONTENTS
REPORT DESCRIPTION
MR 1,IP Restated Earnings and Expenses
Balance Sheet
ARMIS 43-02,IP Restated B-5,Analysis of Entries in Accumulated Depreciation
ARMIS 43-02,IP Restated B-7,Bases of Charges for Depreciation
MR 1,TOTAL COMPANY Restated Earnings and Expenses
Balance Sheet
RESTATED
IDAHO-NORTH
Qwest Corporation Period December -2001
Summary of Reports
Earnings and Expenses Restated
(Lines 1-33 in Thousands)Year to Date
Revenue
1 Local Service 7,812,156
Access Service
2 Interstate 6,430,829
3 Intrastate 2,577,510
4 Long Distance Service 571,236
5 Miscellaneous 880,919
6 Total Revenue 18,272,649
Expenses
Cost of Services and Products
7 Maintenance 1,848,555
8 Engineering 123,577
9 Network Operations 174,304
10 Network Access 68,999
11 Access 329,975
12 Other (23,036)
Selling,General and Administrative
14 Customer Operations 2,504,248
15 Corporate Operations 2,473,135
16 Property and Other Operating Taxes 693,418
17 Uncollectibles 134,219
18 Total Selling,General and Administrative 5,805,021
19 Other Operating income and Expense 0
20 Depreciation and Amortization 5,998,903
21 Total Operating Expenses 14,326,298
22 Incomefrom Operations Before Taxes 3,946,351
23 Interest Expense 643,909
24 Nonoperating Income and Expense 649,434
25 Income before income Taxes 2,653,008
Income Taxes
26 Federal 826,909
27 State and Local 87,692
28 income Before Juris Diff and Extraord Items 1,738,407
29 Juris Diff and Nonreg Net income (341,499)
30 Extraordinary items O
31 Net Income 2,079,906
RESTATED
IDAHO-NORTH
Qwest Corporation
Balance Sheet Period:December-2001
(Thousands)Restated
Assets
Current
1 Cash and Short Term Investments 2,402,685
Receivable
2 Trade 2,917,008
3 Other 0
4 Total Receivable 2,917,008
5 Inventories 58,769
6 Prepaid Expenses and Other Current Assets 43,726
7 Total Current Assets 5,422,188
Property,Plant and Equipment
8 Telecommunications Plant in Service 74,391,624
9 Telecommunications Plant Under Construction 48,856
10 Prop Held for Future Use &Plant Adjustment 0
11 Non -Operating Plant 0
12 Gross Property,Plant and Equipment 74,440,480
13 Less-Accumulated Deprec.and Amortization 47,443,324
14 Total Telephone Plant Less Reserves 26,997,157
15 Investments and Other Assets 9,906,030
16 Total Assets 42,325,374
Liabilit¡es
Current
17 Short Term Borrowings 0
Accounts Payable and Accrued Liabilities
18 Accounts Payable -Trade 197,690
19 Accounts Payable -Other 185,323
20 Employee Compensation (2,673)
21 Advance Billing and Payments 678,318
22 Dividend Payable 0
23 Customers'Deposits 37,097
24 Other Accrued Liabilities 356,461
25 Total Acct Payable &Accured Liabilities 1,452,216
26 Income Taxes Payable (70,655)
27 Current Portion long Term Borrowing/Lease 38,845
28 Total Current Liabilities 1,420,405
Other
29 Long Term Borrowings 37,486
30 Accum Deferred Income Taxes (Non-Current)2,122,718
31 Unamortized InvestmentTax Credit 881,841
32 Other 4,384,774
33 Other Juris Liabilities &Deferred Credits -Net 932,623
34 Total Other Liabilities 8,359,442
35 Total Liabilities 9,779,847
Shareholders'Equity
36 Capital Stock &Additional Paid in Capital 0
37 Retained Earnings O
37 Retained Earnings 32,545,527
38 Total Capital Stock and Retained Earnings 32,545,527
39 Total Liabilities and Capital 42,325,374
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:
4
1
PM
RESTATED
TOTAL COMPANY
Qwest Corporation Period December -2001
Summary of Reports
Earnings and Expenses Restated
(Lines 1-33 in Thousands)Year to Date
Revenue
1 Local Service 5,832,813,293
Access Service
2 Interstate 3,480,621,628
3 Intrastate 712,139,016
4 Long Distance Service 263,819,712
5 Miscellaneous 1,643,963,750
6 Total Revenue 11,933,357,399
Expenses
Cost of Services and Products
7 Maintenance 2,064,067,278
8 Engineering 60,114,699
9 Network Operations 334,119,736
10 Network Access 7,548,374
11 Access 319,302,958
12 Other 6,933,312
13 Total Cost of Services and Products 2,792,086,357
Selling,General and Administrative
14 Customer Operations 1,376,175,619
15 Corporate Operations 1,199,821,786
16 Property and Other Operating Taxes 368,279,917
17 Uncollectibles 198,361,974
18 Total Selling,General and Administrative 3,142,639,296
19 Other Operating Income and Expense 142,112
20 Depreciation and Amortization 3,151,907,517
21 Total Operating Expenses 9,086,775,283
22 Income from Operations Before Taxes 2,846,582,117
23 Interest Expense 519,342,343
24 Nonoperating income and Expense 274,708,451
25 Income before Income Taxes 2,052,531,323
Income Taxes
26 Federal 758,382,197
27 State and Local 95,544,184
28 Income Before Juris Diff and Extraord Items 1,198,604,942
29 Juris Diff and Nonreg Net income 121,710,045
30 Extraordinary Items 0
31 Net Income 1,076,894,897
Private and Confidential
Disclose and Distribute solely to designated Qwest employees to whom it is assigned.Do not copy.
RESTATED
TOTAL COMPANY
Qwest Corporation
Balance Sheet Period:December-2001
(Thousands)Restated
Assets
Current
1 Cash and Short Term Investments 154,214,267
Receivable
2 Trade 1,899,887,634
3 Other 401,745,805
4 Total Receivable 2,301,633,440
5 Inventories 181,391,047
6 Prepaid Expenses and Other Current Assets 208,408,014
7 Total Current Assets 2,845,646,768
Property,Plant and Equipment
8 Telecommunications Plant in Service 41,703,629,573
9 Telecommunications Plant Under Construction 687,870,817
10 Prop Held for Future Use &Plant Adjustment 2,745,906
11 Non -Operating Plant 46,887,827
12 Gross Property,Plant and Equipment 42,441,134,123
13 Less-Accumulated Deprec.and Amortization 21,530,591,951
14 Total Telephone Plant Less Reserves 20,910,542,172
15 Investments and Other Assets 611,428,988
16 Total Assets 24,367,617,928
Liabilities
Current
17 Short Term Borrowings 1,011,703,889
Accounts Payable and Accrued Liabilities
18 Accounts Payable -Trade 1,129,868,627
19 Accounts Payable -Other 125,529,355
20 Employee Compensation 159,547,064
21 Advance Billing and Payments 342,009,568
22 Dividend Payable 2,108,533,442
23 Customers'Deposits 40,417,085
24 Other Accrued Liabilities 624,493,866
25 Total Acct Payable &Accured Liabilities 4,530,399,008
26 income Taxes Payable (87,159,763)
27 Current Portion long Term Borrowing/Lease 480,346,534
28 Total Current Liabilities 5,935,289,668
Other
29 Long Term Borrowings 5,768,703,115
30 Accum Deferred income Taxes (Non-Current)2,981,063,606
31 Unamortized Investment Tax Credit 209,254,837
32 Other 3,144,782,811
33 Other Juris Liabilities &Deferred Credits -Net (71,145,763)
34 Total Other Liabilities 12,032,658,605
35 Total Liabilities 17,967,948,273
Shareholders'Equity
36 Capital Stock &Additional Paid in Capital 8,321,158,429
37 Retained Earnings O
37 Retained Earnings (1,921,488,774)
38 Total Capital Stock and Retained Earnings 6,399,669,655
39 Total Liabilities and Capital 24,367,617,928
Private and Confidential
Disclose and Distribute solely to designated Qwest employees to whom it is assigned.Do not copy.