CenturyLink 2005 Annual Report Download

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CENTURYTEL 2005 ANNUAL REPORT
We’ve got all the “cool” features!

Table of contents

  • Page 1
    C E N T U R Y T E L 2 0 0 5 A N N U A L R E P O R T We've got all the "cool" features!

  • Page 2
    ... Experience CenturyTel Shareholders' Letter Enterprises That (Net)Work Taking Care of Business With Advanced Solutions Service That Fits Your Lifestyle A Partner at Your Service and at Your Side A Voice for Small-to-Mid-Size Cities Access Lines Financial Highlights 2005 Financial Information Leading...

  • Page 3
    ...to deliver a consistent, positive experience to every customer, every time they interact with CenturyTel. In this report, you will read about the many different ways our customers benefit from CenturyTel - as the broadband connection to their home or business, as the network that makes their schools...

  • Page 4
    ...are outpaced by the opportunities we will have to offer a broad array of advanced services - both to our existing customers and to new customers in new markets. D riving change in our industry is the rapid advancement in Internet Protocol (IP) based technologies We take our relationships with our...

  • Page 5
    ...2005 with over 248,700 broadband subscribers, an increase of 74.4 percent over 2004; and Further secured our customer base by increasing bundle penetration from 12.2 percent to 15.5 percent of total access lines, driving further penetration of our enhanced calling features and long distance services...

  • Page 6
    .... We have also introduced switched digital television service to portions of La Crosse, Wisconsin, and the surrounding area. We continue to utilize our flexible product bundles to drive penetration of Broadband Deployment (% of total access lines) 71 61 59 63 75 DSL Customers (in thousands) 249...

  • Page 7
    ... a key element in customer retention. As of the end of 2005, 19.6 percent of our residential customers had purchased a Simple Choiceâ„¢ product bundle from us. Additionally, we have increased our efforts to provide our business customers with the latest in communications services to help ensure the...

  • Page 8
    Beth is looking for...flexible technologies to meet changing needs. capabilities that make life easier. solutions that lower costs for the University of Missouri while improving service. 6

  • Page 9
    ... fiber optic services to communications carriers, large businesses and government. At year-end 2005, LightCore's total network covered nearly 10,500 lit route miles of fiber and 634 total points of presence. IP-Enabled We continue to invest in expanding our Internet Protocol (IP) capabilities using...

  • Page 10
    Jeff needs...multiple services that work together. a telecommunications provider to help Yogi Bear's Jellystone Park grow. enhanced features to make every guest a happy camper. 8

  • Page 11
    ..., location or industry. Taking Care of Business Customers Large or small, business customers demand quality, reliability and excellent service, all at a good value. Our skilled technicians and dedicated account managers provide the expertise and local presence that are key to enriching lives and...

  • Page 12
    Jeff wants...reliable service at a good value. a provider who makes it easy. access to proven technologies. 10

  • Page 13
    ... of central station operators. We offer communications services - such as reliable local service and calling features, long distance, high-speed Internet access, digital television, home security and, in the future, wireless - in our Simple Choiceâ„¢ bundles. Our customers recognize the value in...

  • Page 14
    Falon loves...connecting people with the services they need. reliable advanced communications that support her work. helping others by volunteering. 12

  • Page 15
    ... and Alabama to prepare to restore essential services. Jason Ewing, CenturyTel Customer Account Manager, worked with the United Way to immediately expand the 2-1-1 call center in Monroe, Louisiana, so that it could accept calls from New Orleans and other stricken Louisiana cities following...

  • Page 16
    Mayor Nedra Reed knows...her city is a wonderful place to live and work. Forks, Washington, needs advanced communications to grow. communications providers are vital partners to rural communities. 14

  • Page 17
    ... competitive issues in a rapidly changing telecommunications environment. Jeffrey Wittenborn, CenturyTel Plant Technician, works with city officials in Forks, Washington, to bring advanced communications services to the residents and businesses of this beautiful community, located on the forks of...

  • Page 18
    ...*LightCore operates in four states where we don't have access lines. State Wisconsin Missouri Alabama Arkansas Washington Michigan Louisiana Colorado Ohio Oregon Montana Texas Minnesota Tennessee Mississippi New Mexico Wyoming Idaho Indiana Iowa Arizona Nevada Total Access Lines December 31, 2005...

  • Page 19
    ...Dividends per common share Average diluted shares outstanding Number of common shareholders Total assets Long-term debt Stockholders' equity Telephone access lines DSL customers...$3,617,273 2,214,149 248,706 (1) Five-year compounded annual growth rate. (2) As adjusted to reflect the effect of ...

  • Page 20
    ... will be mailed to shareholders. A copy of our Form 10-K can be obtained at no charge by contacting our Investor Relations department at 800.833.1188 or by accessing our Web site at www.centurytel.com. In addition to historical information, this Annual Report includes certain forward-looking...

  • Page 21
    ... Operating Expenses Cost of services and products (exclusive of depreciation and amortization) Selling, general and administrative Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Income from unconsolidated cellular entity Other income...

  • Page 22
    ...,580 5,361 14,691 419,847 3,341,401 Liabilities and Equity Current Liabilities Current maturities of long-term debt Accounts payable Accrued expenses and other current liabilities Advance billings and customer deposits Total current liabilities Long-Term Debt Deferred Credits and Other Liabilities...

  • Page 23
    ... from unconsolidated cellular entity Changes in current assets and current liabilities Retirement benefits (Increase) decrease in noncurrent assets Increase (decrease) in noncurrent liabilities Other, net Net cash provided by operating activities Investing Activities Payments for property, plant and...

  • Page 24
    ... Chief Information Officer | Karen A. Puckett, President and Chief Operating Officer | Glen F. Post, III, Chairman of the Board and Chief Executive Officer Back: Stacey W. Goff, Senior Vice President, General Counsel and Corporate Secretary | David D. Cole, Senior Vice President - Operations Support...

  • Page 25
    ... Choiceâ„¢ bundle by 22.1 percent over 2004. Increased the number of DSL connections by 106,100, reaching 15.1 percent penetration of DSL-enabled lines. Added more than 100,000 long distance lines, reaching 52.5 percent penetration of total access lines. Expanded our markets for satellite television...

  • Page 26
    ... Inc. Monroe, Louisiana Joined Board: 1992 Gregory J. McCray (5) Chief Executive Officer, Antenova Limited Moline, Illinois Joined Board: 2005 C. G. Melville, Jr. (3, 4*) Private Investor New Orleans, Louisiana Joined Board: 1968 Fred Nichols (2, 4) Retired Cable Executive Tyler, Texas Joined Board...

  • Page 27
    ...or monthly, via direct debit. Upon request, shareholders can obtain information on the Service directly from CenturyTel or from our Transfer Agent. Corporate Headquarters 100 CenturyTel Drive Monroe, Louisiana 71203 Trading and Dividend Information High 2005 1st Quarter $35.47 2nd Quarter 35.00 3rd...

  • Page 28
    CenturyTel, Inc. 100 CenturyTel Drive Monroe, Louisiana 71203 800.833.1188 www.centurytel.com