Exhibit 99.2
Qwest Communications International Inc.
Condensed Consolidated Balance Sheets
(Dollars in millions, except per share amounts)
(unaudited) | |||||||||
June 30, | December 31, | ||||||||
2002 | 2001 | ||||||||
ASSETS | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | $ | 699 | $ | 257 | |||||
Accounts receivable-net | 3,824 | 4,501 | |||||||
Inventories and supplies | 83 | 166 | |||||||
Restricted cash | 750 | — | |||||||
Prepaid and other current assets | 470 | 566 | |||||||
Current assets of businesses held for sale | 7 | 5 | |||||||
Total current assets | 5,833 | 5,495 | |||||||
Property, plant and equipment-net | 29,759 | 30,230 | |||||||
Assets of businesses held for sale-net | 4 | 8 | |||||||
Goodwill-net | 29,696 | 29,696 | |||||||
Intangible assets-net | 4,774 | 4,827 | |||||||
Investments | 53 | 1,400 | |||||||
Other assets | 2,190 | 2,125 | |||||||
Total assets | $ | 72,309 | $ | 73,781 | |||||
LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||
Current liabilities: | |||||||||
Current borrowings | $ | 5,894 | $ | 4,806 | |||||
Accounts payable | 1,290 | 1,529 | |||||||
Accrued expenses and other current liabilities | 2,562 | 3,260 | |||||||
Advance billings and customer deposits | 391 | 392 | |||||||
Current liabilities of businesses held for sale | 2 | 2 | |||||||
Total current liabilities | 10,139 | 9,989 | |||||||
Long-term borrowings | 20,370 | 20,197 | |||||||
Post-retirement and other post-employment benefit obligations | 2,881 | 2,923 | |||||||
Deferred income taxes | 2,189 | 2,194 | |||||||
Deferred credits and other | 1,832 | 1,823 | |||||||
Commitments and contingencies | |||||||||
Stockholders’ equity: | |||||||||
Preferred stock-$1.00 par value, 200 million shares authorized, none issued and outstanding | — | — | |||||||
Common stock-$0.01 par value, 5 billion shares authorized, 1,696 million and 1,687 million issued, 1,681 million and 1,664 million outstanding | 17 | 17 | |||||||
Additional paid-in capital | 41,446 | 41,801 | |||||||
Treasury stock | (636 | ) | (1,041 | ) | |||||
Accumulated deficit | (5,926 | ) | (4,082 | ) | |||||
Accumulated other comprehensive loss | (3 | ) | (40 | ) | |||||
Total stockholders’ equity | 34,898 | 36,655 | |||||||
Total liabilities and stockholders’ equity | $ | 72,309 | $ | 73,781 | |||||