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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Data (Unaudited)  
Quarterly Financial Data (Unaudited)

(15)   Quarterly Financial Data (Unaudited)

 
  Quarterly Financial Data  
 
  Successor  
 
  First
Quarter
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Twelve
Months
Total
 
 
  (Dollars in millions)
 

2012

                               

Operating revenues

  $ 2,260     2,195     2,183     2,210     8,848  

Operating income

    466     455     459     525     1,905  

Income tax expense (benefit)

    136     113     133     160     542  

Net income (loss)

    218     178     212     241     849  


 

 
  Quarterly Financial Data  
 
  Predecessor    
  Successor  
 
  First
Quarter
   
  Second
Quarter
  Third
Quarter
  Fourth
Quarter
  Nine
Months
Total
 
 
  (Dollars in millions)
 

2011

                                   

Operating revenues

  $ 2,268         2,231     2,190     2,214     6,635  

Operating income

    638         370     412     417     1,199  

Income tax expense (benefit)

    191         116     118     115     349  

Net income (loss)

    299         165     199     179     543  

Second Quarter 2011

        We recognized $123 million of certain expenses associated with activities related to CenturyLink's indirect acquisition of us during the successor three months ended June 30, 2011. These expenses were comprised primarily of severance of $98 million, retention bonuses of $12 million, share-based compensation of $11 million allocated to us by QCII and system integration consulting of $1 million.