Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Condensed Consolidating Financial Information

Level 3 Financing, Inc., a wholly owned subsidiary of the Company, has issued senior notes that are unsecured obligations of Level 3 Financing, Inc.; however, they are also fully and unconditionally and jointly and severally guaranteed on an unsecured senior basis by Level 3 Communications, Inc. and Level 3 Communications, LLC.

In conjunction with the registration of the senior notes, the accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10 “Financial statements of guarantors and affiliates whose securities collateralize an issue registered or being registered.”

The operating activities of the separate legal entities included in the Company’s consolidated financial statements are interdependent. The accompanying condensed consolidating financial information presents the results of operations, financial position and cash flows of each legal entity and, on an aggregate basis, the other non-guarantor subsidiaries based on amounts incurred by such entities, and is not intended to present the operating results of those legal entities on a stand-alone basis. Level 3 Communications, LLC leases equipment and certain facilities from other wholly owned subsidiaries of Level 3 Communications, Inc. These transactions are eliminated in the consolidated results of the Company.

Condensed Consolidating Statements of Comprehensive Income (Loss)

Three Months Ended June 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	694		$	928		$	(57	)	$	1,565
Costs and Expense:
Cost of Revenue	—			—			256			417			(57		)	616
Depreciation and Amortization	—			—			71			128			—			199
Selling, General and Administrative	—			—			412			198			—			610
Total Costs and Expenses	—			—			739			743			(57		)	1,425
Operating Income (Loss)	—			—			(45		)	185			—			140
Other Income (Expense):
Interest expense	(37		)	(125		)	—			(5		)	—			(167		)
Interest income (expense) affiliates, net	272			425			(669		)	(28		)	—			—
Equity in net earnings (losses) of subsidiaries	(259		)	(559		)	130			—			688			—
Other, net	—			—			1			13			—			14
Total Other Expense	(24		)	(259		)	(538		)	(20		)	688			(153		)
Income (Loss) before Income Taxes	(24		)	(259		)	(583		)	165			688			(13		)
Income Tax Expense	—			—			—			(11		)	—			(11		)
Net Income (Loss)	(24		)	(259		)	(583		)	154			688			(24		)
Other Comprehensive Loss, Net of Income Taxes	(11		)	(11		)	—			(11		)	22			(11		)
Comprehensive Income (Loss)	$	(35	)	$	(270	)	$	(583	)	$	143		$	710		$	(35	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Six Months EndedJune 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	1,379		$	1,884		$	(121	)	$	3,142
Costs and Expense:
Cost of Revenue	—			—			517			849			(121		)	1,245
Depreciation and Amortization	—			—			142			251			—			393
Selling, General and Administrative	1			—			793			415			—			1,209
Total Costs and Expenses	1			—			1,452			1,515			(121		)	2,847
Operating Income (Loss)	(1		)	—			(73		)	369			—			295
Other Income (Expense):
Interest expense	(76		)	(251		)	(1		)	(8		)	—			(336		)
Interest income (expense) affiliates, net	545			855			(1,338		)	(62		)	—			—
Equity in net earnings (losses) of subsidiaries	(570		)	(1,173		)	276			—			1,467			—
Other, net	—			(1		)	2			(37		)	—			(36		)
Total Other Expense	(101		)	(570		)	(1,061		)	(107		)	1,467			(372		)
Income (Loss) before Income Taxes	(102		)	(570		)	(1,134		)	262			1,467			(77		)
Income Tax Expense	—			—			(1		)	(24		)	—			(25		)
Net Income (Loss)	(102		)	(570		)	(1,135		)	238			1,467			(102		)
Other Comprehensive Loss, Net of Income Taxes	(63		)	(63		)	—			(63		)	126			(63		)
Comprehensive Income (Loss)	$	(165	)	$	(633	)	$	(1,135	)	$	175		$	1,593		$	(165	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Three Months Ended June 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	659		$	991		$	(64	)	$	1,586
Costs and Expense:
Cost of Revenue	—			—			244			465			(61		)	648
Depreciation and Amortization	—			—			66			125			—			191
Selling, General and Administrative	—			—			396			221			(3		)	614
Total Costs and Expenses	—			—			706			811			(64		)	1,453
Operating Income (Loss)	—			—			(47		)	180			—			133
Other Income (Expense):
Interest income	—			—			—			1			—			1
Interest expense	(38		)	(134		)	(1		)	(8		)	—			(181		)
Interest income (expense) affiliates, net	245			403			(558		)	(90		)	—			—
Equity in net earnings (losses) of subsidiaries	(269		)	(538		)	25			—			782			—
Other, net	—			—			2			(9		)	—			(7		)
Total Other Expense	(62		)	(269		)	(532		)	(106		)	782			(187		)
Income (Loss) before Income Taxes	(62		)	(269		)	(579		)	74			782			(54		)
Income Tax Expense	—			—			(1		)	(7		)	—			(8		)
Net Income (Loss)	(62		)	(269		)	(580		)	67			782			(62		)
Other Comprehensive Loss, Net of Income Taxes	(56		)	(56		)	—			(65		)	121			(56		)
Comprehensive Income (Loss)	$	(118	)	$	(325	)	$	(580	)	$	2		$	903		$	(118	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Six Months EndedJune 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	1,285		$	2,014		$	(127	)	$	3,172
Costs and Expense:
Cost of Revenue	—			—			480			946			(121		)	1,305
Depreciation and Amortization	—			—			133			245			—			378
Selling, General and Administrative	1			—			797			448			(6		)	1,240
Total Costs and Expenses	1			—			1,410			1,639			(127		)	2,923
Operating Income (Loss)	(1		)	—			(125		)	375			—			249
Other Income (Expense):
Interest income	—			—			1			1			—			2
Interest expense	(80		)	(273		)	(1		)	(16		)	—			(370		)
Interest income (expense) affiliates, net	490			802			(1,117		)	(175		)	—			—
Equity in net earnings (losses) of subsidiaries	(570		)	(1,077		)	61			—			1,586			—
Other, net	(39		)	(22		)	3			(1		)	—			(59		)
Total Other Expense	(199		)	(570		)	(1,053		)	(191		)	1,586			(427		)
Income (Loss) before Income Taxes	(200		)	(570		)	(1,178		)	184			1,586			(178		)
Income Tax Expense	—			—			(2		)	(20		)	—			(22		)
Net Income (Loss)	(200		)	(570		)	(1,180		)	164			1,586			(200		)
Other Comprehensive Loss, Net of Income Taxes	(14		)	(14		)	—			(30		)	44			(14		)
Comprehensive Income (Loss)	$	(214	)	$	(584	)	$	(1,180	)	$	134		$	1,630		$	(214	)

Condensed Consolidating Balance Sheets

June 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries		Eliminations			Total
	(dollars in millions)
Assets
Current Assets:
Cash and cash equivalents	$	9		$	5		$	357		$	225	$	—		$	596
Restricted cash and securities	—			—			1			6		—			7
Receivables, less allowances for doubtful accounts	—			—			103			618		—			721
Due from affiliates	15,017			16,312			—			—		(31,329		)	—
Other	4			16			67			92		—			179
Total Current Assets	15,030			16,333			528			941		(31,329		)	1,503
Property, Plant, and Equipment, net	—			—			2,970			5,201		—			8,171
Restricted Cash and Securities	7			—			17			3		—			27
Goodwill and Other Intangibles, net	—			—			412			2,385		—			2,797
Investment in Subsidiaries	(12,322		)	(21,656		)	4,358			—		29,620			—
Other Assets, net	14			110			11			232		—			367
Total Assets	$	2,729		$	(5,213	)	$	8,296		$	8,762	$	(1,709	)	$	12,865
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Accounts payable	$	1		$	1		$	42		$	644	$	—		$	688
Current portion of long-term debt	—			6			3			21		—			30
Accrued payroll and employee benefits	—			—			131			46		—			177
Accrued interest	33			158			—			1		—			192
Current portion of deferred revenue	—			—			106			120		—			226
Due to affiliates	—			—			31,035			294		(31,329		)	—
Other	1			36			48			105		—			190
Total Current Liabilities	35			201			31,365			1,231		(31,329		)	1,503
Long-Term Debt, less current portion	1,571			6,886			18			31		—			8,506
Deferred Revenue, less current portion	—			—			593			313		—			906
Other Liabilities	15			26			23			778		—			842
Commitments and Contingencies	—			—			—			—		—			—
Stockholders' Equity (Deficit)	1,108			(12,326		)	(23,703		)	6,409		29,620			1,108
Total Liabilities and Stockholders' Equity (Deficit)	$	2,729		$	(5,213	)	$	8,296		$	8,762	$	(1,709	)	$	12,865

Condensed Consolidating Balance Sheets

December 31, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries		Eliminations			Total
	(dollars in millions)
Assets
Current Assets:
Cash and cash equivalents	$	253		$	5		$	386		$	335	$	—		$	979
Restricted cash and securities	—			—			1			7		—			8
Receivables, less allowances for doubtful accounts	—			—			93			621		—			714
Due from affiliates	14,446			15,709			—			7		(30,162		)	—
Other	3			16			49			73		—			141
Total Current Assets	14,702			15,730			529			1,043		(30,162		)	1,842
Property, Plant, and Equipment, net	—			—			2,926			5,273		—			8,199
Restricted Cash and Securities	12			—			17			6		—			35
Goodwill and Other Intangibles, net	—			—			429			2,404		—			2,833
Investment in Subsidiaries	(11,756		)	(20,470		)	3,242			—		28,984			—
Other Assets, net	16			119			11			252		—			398
Total Assets	$	2,974		$	(4,621	)	$	7,154		$	8,978	$	(1,178	)	$	13,307
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Accounts payable	$	1		$	2		$	53		$	723	$	—		$	779
Current portion of long-term debt	172			6			6			32		—			216
Accrued payroll and employee benefits	—			—			161			50		—			211
Accrued interest	45			163			—			1		—			209
Current portion of deferred revenue	—			—			109			142		—			251
Due to affiliates	—			—			30,162			—		(30,162		)	—
Other	1			1			29			105		—			136
Total Current Liabilities	219			172			30,520			1,053		(30,162		)	1,802
Long-Term Debt, less current portion	1,570			6,886			20			40		—			8,516
Deferred Revenue, less current portion	—			—			602			285		—			887
Other Liabilities	14			81			75			761		—			931
Commitments and Contingencies	—			—			—			—		—			—
Stockholders' Equity (Deficit)	1,171			(11,760		)	(24,063		)	6,839		28,984			1,171
Total Liabilities and Stockholders' Equity (Deficit)	$	2,974		$	(4,621	)	$	7,154		$	8,978	$	(1,178	)	$	13,307

Condensed Consolidating Statements of Cash Flows

Six Months EndedJune 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations		Total
	(dollars in millions)
Net Cash Provided by (Used in) Operating Activities	$	(86	)	$	(269	)	$	74		$	504		$	—	$	223
Cash Flows from Investing Activities:
Capital Expenditures	—			—			(159		)	(218		)	—		(377		)
Decrease in restricted cash and securities, net	5			—			—			3			—		8
Other	—			—			—			(14		)	—		(14		)
Net Cash Provided by (Used in) Investing Activities	5			—			(159		)	(229		)	—		(383		)
Cash Flows from Financing Activities:
Payments on and repurchases of long-term debt, including current portion and refinancing costs	(172		)	(3		)	(4		)	(20		)	—		(199		)
Increase (decrease) due from/to affiliates, net	9			272			60			(341		)	—		—
Net Cash Provided by (Used in) Financing Activities	(163		)	269			56			(361		)	—		(199		)
Effect of Exchange Rates on Cash and Cash Equivalents	—			—			—			(24		)	—		(24		)
Net Change in Cash and Cash Equivalents	(244		)	—			(29		)	(110		)	—		(383		)
Cash and Cash Equivalents at Beginning of Period	253			5			386			335			—		979
Cash and Cash Equivalents at End of Period	$	9		$	5		$	357		$	225		$	—	$	596

Condensed Consolidating Statements of Cash Flows

Six Months EndedJune 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations		Total
	(dollars in millions)
Net Cash Provided by (Used in) Operating Activities	$	(144	)	$	(245	)	$	(66	)	$	563		$	—	$	108
Cash Flows from Investing Activities:
Capital Expenditures	—			—			(123		)	(195		)	—		(318		)
Decrease in restricted cash and securities, net	3			—			—			1			—		4
Proceeds from sale of property, plant and equipment and other assets	—			—			—			5			—		5
Net Cash Provided by (Used in) Investing Activities	3			—			(123		)	(189		)	—		(309		)
Cash Flows from Financing Activities:
Long-term debt borrowings, net of issuance costs	—			880			—			—			—		880
Payments on and repurchases of long-term debt, including current portion and refinancing costs	—			(825		)	—			(38		)	—		(863		)
Proceeds from stock options exercised	1			—			—			—			—		1
Increase (decrease) due from/to affiliates, net	140			190			(13		)	(317		)	—		—
Net Cash Provided by (Used in) Financing Activities	141			245			(13		)	(355		)	—		18
Effect of Exchange Rates on Cash and Cash Equivalents	—			—			—			(2		)	—		(2		)
Net Change in Cash and Cash Equivalents	—			—			(202		)	17			—		(185		)
Cash and Cash Equivalents at Beginning of Period	2			6			618			292			—		918
Cash and Cash Equivalents at End of Period	$	2		$	6		$	416		$	309		$	—	$	733

Schedule of Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Comprehensive Income (Loss)

Three Months Ended June 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	694		$	928		$	(57	)	$	1,565
Costs and Expense:
Cost of Revenue	—			—			256			417			(57		)	616
Depreciation and Amortization	—			—			71			128			—			199
Selling, General and Administrative	—			—			412			198			—			610
Total Costs and Expenses	—			—			739			743			(57		)	1,425
Operating Income (Loss)	—			—			(45		)	185			—			140
Other Income (Expense):
Interest expense	(37		)	(125		)	—			(5		)	—			(167		)
Interest income (expense) affiliates, net	272			425			(669		)	(28		)	—			—
Equity in net earnings (losses) of subsidiaries	(259		)	(559		)	130			—			688			—
Other, net	—			—			1			13			—			14
Total Other Expense	(24		)	(259		)	(538		)	(20		)	688			(153		)
Income (Loss) before Income Taxes	(24		)	(259		)	(583		)	165			688			(13		)
Income Tax Expense	—			—			—			(11		)	—			(11		)
Net Income (Loss)	(24		)	(259		)	(583		)	154			688			(24		)
Other Comprehensive Loss, Net of Income Taxes	(11		)	(11		)	—			(11		)	22			(11		)
Comprehensive Income (Loss)	$	(35	)	$	(270	)	$	(583	)	$	143		$	710		$	(35	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Six Months EndedJune 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	1,379		$	1,884		$	(121	)	$	3,142
Costs and Expense:
Cost of Revenue	—			—			517			849			(121		)	1,245
Depreciation and Amortization	—			—			142			251			—			393
Selling, General and Administrative	1			—			793			415			—			1,209
Total Costs and Expenses	1			—			1,452			1,515			(121		)	2,847
Operating Income (Loss)	(1		)	—			(73		)	369			—			295
Other Income (Expense):
Interest expense	(76		)	(251		)	(1		)	(8		)	—			(336		)
Interest income (expense) affiliates, net	545			855			(1,338		)	(62		)	—			—
Equity in net earnings (losses) of subsidiaries	(570		)	(1,173		)	276			—			1,467			—
Other, net	—			(1		)	2			(37		)	—			(36		)
Total Other Expense	(101		)	(570		)	(1,061		)	(107		)	1,467			(372		)
Income (Loss) before Income Taxes	(102		)	(570		)	(1,134		)	262			1,467			(77		)
Income Tax Expense	—			—			(1		)	(24		)	—			(25		)
Net Income (Loss)	(102		)	(570		)	(1,135		)	238			1,467			(102		)
Other Comprehensive Loss, Net of Income Taxes	(63		)	(63		)	—			(63		)	126			(63		)
Comprehensive Income (Loss)	$	(165	)	$	(633	)	$	(1,135	)	$	175		$	1,593		$	(165	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Three Months Ended June 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	659		$	991		$	(64	)	$	1,586
Costs and Expense:
Cost of Revenue	—			—			244			465			(61		)	648
Depreciation and Amortization	—			—			66			125			—			191
Selling, General and Administrative	—			—			396			221			(3		)	614
Total Costs and Expenses	—			—			706			811			(64		)	1,453
Operating Income (Loss)	—			—			(47		)	180			—			133
Other Income (Expense):
Interest income	—			—			—			1			—			1
Interest expense	(38		)	(134		)	(1		)	(8		)	—			(181		)
Interest income (expense) affiliates, net	245			403			(558		)	(90		)	—			—
Equity in net earnings (losses) of subsidiaries	(269		)	(538		)	25			—			782			—
Other, net	—			—			2			(9		)	—			(7		)
Total Other Expense	(62		)	(269		)	(532		)	(106		)	782			(187		)
Income (Loss) before Income Taxes	(62		)	(269		)	(579		)	74			782			(54		)
Income Tax Expense	—			—			(1		)	(7		)	—			(8		)
Net Income (Loss)	(62		)	(269		)	(580		)	67			782			(62		)
Other Comprehensive Loss, Net of Income Taxes	(56		)	(56		)	—			(65		)	121			(56		)
Comprehensive Income (Loss)	$	(118	)	$	(325	)	$	(580	)	$	2		$	903		$	(118	)

Condensed Consolidating Statements of Comprehensive Income (Loss)

Six Months EndedJune 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations			Total
	(dollars in millions)
Revenue	$	—		$	—		$	1,285		$	2,014		$	(127	)	$	3,172
Costs and Expense:
Cost of Revenue	—			—			480			946			(121		)	1,305
Depreciation and Amortization	—			—			133			245			—			378
Selling, General and Administrative	1			—			797			448			(6		)	1,240
Total Costs and Expenses	1			—			1,410			1,639			(127		)	2,923
Operating Income (Loss)	(1		)	—			(125		)	375			—			249
Other Income (Expense):
Interest income	—			—			1			1			—			2
Interest expense	(80		)	(273		)	(1		)	(16		)	—			(370		)
Interest income (expense) affiliates, net	490			802			(1,117		)	(175		)	—			—
Equity in net earnings (losses) of subsidiaries	(570		)	(1,077		)	61			—			1,586			—
Other, net	(39		)	(22		)	3			(1		)	—			(59		)
Total Other Expense	(199		)	(570		)	(1,053		)	(191		)	1,586			(427		)
Income (Loss) before Income Taxes	(200		)	(570		)	(1,178		)	184			1,586			(178		)
Income Tax Expense	—			—			(2		)	(20		)	—			(22		)
Net Income (Loss)	(200		)	(570		)	(1,180		)	164			1,586			(200		)
Other Comprehensive Loss, Net of Income Taxes	(14		)	(14		)	—			(30		)	44			(14		)
Comprehensive Income (Loss)	$	(214	)	$	(584	)	$	(1,180	)	$	134		$	1,630		$	(214	)

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

June 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries		Eliminations			Total
	(dollars in millions)
Assets
Current Assets:
Cash and cash equivalents	$	9		$	5		$	357		$	225	$	—		$	596
Restricted cash and securities	—			—			1			6		—			7
Receivables, less allowances for doubtful accounts	—			—			103			618		—			721
Due from affiliates	15,017			16,312			—			—		(31,329		)	—
Other	4			16			67			92		—			179
Total Current Assets	15,030			16,333			528			941		(31,329		)	1,503
Property, Plant, and Equipment, net	—			—			2,970			5,201		—			8,171
Restricted Cash and Securities	7			—			17			3		—			27
Goodwill and Other Intangibles, net	—			—			412			2,385		—			2,797
Investment in Subsidiaries	(12,322		)	(21,656		)	4,358			—		29,620			—
Other Assets, net	14			110			11			232		—			367
Total Assets	$	2,729		$	(5,213	)	$	8,296		$	8,762	$	(1,709	)	$	12,865
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Accounts payable	$	1		$	1		$	42		$	644	$	—		$	688
Current portion of long-term debt	—			6			3			21		—			30
Accrued payroll and employee benefits	—			—			131			46		—			177
Accrued interest	33			158			—			1		—			192
Current portion of deferred revenue	—			—			106			120		—			226
Due to affiliates	—			—			31,035			294		(31,329		)	—
Other	1			36			48			105		—			190
Total Current Liabilities	35			201			31,365			1,231		(31,329		)	1,503
Long-Term Debt, less current portion	1,571			6,886			18			31		—			8,506
Deferred Revenue, less current portion	—			—			593			313		—			906
Other Liabilities	15			26			23			778		—			842
Commitments and Contingencies	—			—			—			—		—			—
Stockholders' Equity (Deficit)	1,108			(12,326		)	(23,703		)	6,409		29,620			1,108
Total Liabilities and Stockholders' Equity (Deficit)	$	2,729		$	(5,213	)	$	8,296		$	8,762	$	(1,709	)	$	12,865

Condensed Consolidating Balance Sheets

December 31, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries		Eliminations			Total
	(dollars in millions)
Assets
Current Assets:
Cash and cash equivalents	$	253		$	5		$	386		$	335	$	—		$	979
Restricted cash and securities	—			—			1			7		—			8
Receivables, less allowances for doubtful accounts	—			—			93			621		—			714
Due from affiliates	14,446			15,709			—			7		(30,162		)	—
Other	3			16			49			73		—			141
Total Current Assets	14,702			15,730			529			1,043		(30,162		)	1,842
Property, Plant, and Equipment, net	—			—			2,926			5,273		—			8,199
Restricted Cash and Securities	12			—			17			6		—			35
Goodwill and Other Intangibles, net	—			—			429			2,404		—			2,833
Investment in Subsidiaries	(11,756		)	(20,470		)	3,242			—		28,984			—
Other Assets, net	16			119			11			252		—			398
Total Assets	$	2,974		$	(4,621	)	$	7,154		$	8,978	$	(1,178	)	$	13,307
Liabilities and Stockholders' Equity (Deficit)
Current Liabilities:
Accounts payable	$	1		$	2		$	53		$	723	$	—		$	779
Current portion of long-term debt	172			6			6			32		—			216
Accrued payroll and employee benefits	—			—			161			50		—			211
Accrued interest	45			163			—			1		—			209
Current portion of deferred revenue	—			—			109			142		—			251
Due to affiliates	—			—			30,162			—		(30,162		)	—
Other	1			1			29			105		—			136
Total Current Liabilities	219			172			30,520			1,053		(30,162		)	1,802
Long-Term Debt, less current portion	1,570			6,886			20			40		—			8,516
Deferred Revenue, less current portion	—			—			602			285		—			887
Other Liabilities	14			81			75			761		—			931
Commitments and Contingencies	—			—			—			—		—			—
Stockholders' Equity (Deficit)	1,171			(11,760		)	(24,063		)	6,839		28,984			1,171
Total Liabilities and Stockholders' Equity (Deficit)	$	2,974		$	(4,621	)	$	7,154		$	8,978	$	(1,178	)	$	13,307

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

Six Months EndedJune 30, 2013

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations		Total
	(dollars in millions)
Net Cash Provided by (Used in) Operating Activities	$	(86	)	$	(269	)	$	74		$	504		$	—	$	223
Cash Flows from Investing Activities:
Capital Expenditures	—			—			(159		)	(218		)	—		(377		)
Decrease in restricted cash and securities, net	5			—			—			3			—		8
Other	—			—			—			(14		)	—		(14		)
Net Cash Provided by (Used in) Investing Activities	5			—			(159		)	(229		)	—		(383		)
Cash Flows from Financing Activities:
Payments on and repurchases of long-term debt, including current portion and refinancing costs	(172		)	(3		)	(4		)	(20		)	—		(199		)
Increase (decrease) due from/to affiliates, net	9			272			60			(341		)	—		—
Net Cash Provided by (Used in) Financing Activities	(163		)	269			56			(361		)	—		(199		)
Effect of Exchange Rates on Cash and Cash Equivalents	—			—			—			(24		)	—		(24		)
Net Change in Cash and Cash Equivalents	(244		)	—			(29		)	(110		)	—		(383		)
Cash and Cash Equivalents at Beginning of Period	253			5			386			335			—		979
Cash and Cash Equivalents at End of Period	$	9		$	5		$	357		$	225		$	—	$	596

Condensed Consolidating Statements of Cash Flows

Six Months EndedJune 30, 2012

	Level 3 Communications, Inc.			Level 3 Financing, Inc.			Level 3 Communications, LLC			Other Non-Guarantor Subsidiaries			Eliminations		Total
	(dollars in millions)
Net Cash Provided by (Used in) Operating Activities	$	(144	)	$	(245	)	$	(66	)	$	563		$	—	$	108
Cash Flows from Investing Activities:
Capital Expenditures	—			—			(123		)	(195		)	—		(318		)
Decrease in restricted cash and securities, net	3			—			—			1			—		4
Proceeds from sale of property, plant and equipment and other assets	—			—			—			5			—		5
Net Cash Provided by (Used in) Investing Activities	3			—			(123		)	(189		)	—		(309		)
Cash Flows from Financing Activities:
Long-term debt borrowings, net of issuance costs	—			880			—			—			—		880
Payments on and repurchases of long-term debt, including current portion and refinancing costs	—			(825		)	—			(38		)	—		(863		)
Proceeds from stock options exercised	1			—			—			—			—		1
Increase (decrease) due from/to affiliates, net	140			190			(13		)	(317		)	—		—
Net Cash Provided by (Used in) Financing Activities	141			245			(13		)	(355		)	—		18
Effect of Exchange Rates on Cash and Cash Equivalents	—			—			—			(2		)	—		(2		)
Net Change in Cash and Cash Equivalents	—			—			(202		)	17			—		(185		)
Cash and Cash Equivalents at Beginning of Period	2			6			618			292			—		918
Cash and Cash Equivalents at End of Period	$	2		$	6		$	416		$	309		$	—	$	733