This is interesting from SeekingAlpha about CenturyLink: "The balance sheet for Dec. 31, 2010 shows total assets of $22+ billion with liabilities of $12+ billion. Of those total assets, nearly half are categorized as goodwill and intangible – vague and ambiguous at best. The 2011 acquisitions for future growth will no doubt increase operating costs and company debt in the near term." This Morningstar chart has CLink debt at $22B, which fits in with corporate debt schedules. Revenue for the last quarter was $4.6B with $140M in profit. CenturyLink is a stock darling because it pays dividends. Just saying.