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The following condensed operating financial data reflects our quarterly operating results for the last eight consecutive quarters. We made certain reclassifications to prior balances to conform to the current presentation.
EXHIBIT 99.2
QWEST COMMUNICATIONS INTERNATIONAL, INC.
QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
(Unaudited)
| 2004 | 2003 | 2002 | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q2 | Q1 | Q4 | Q3 | Q2 | Q1 | Q4 | Q3 | ||||||||||||||||||
Operating revenue | $ | 3,442 | $ | 3,481 | $ | 3,498 | $ | 3,570 | $ | 3,596 | $ | 3,624 | $ | 3,705 | $ | 3,772 | ||||||||||
Operating expenses: | ||||||||||||||||||||||||||
Cost of sales | 1,487 | 1,454 | 1,544 | 1,965 | 1,475 | 1,476 | 1,459 | 1,488 | ||||||||||||||||||
SG&A | 1,357 | 1,139 | 1,201 | 1,065 | 1,138 | 1,168 | 1,018 | 1,276 | ||||||||||||||||||
Deprec. & amort. | 785 | 777 | 798 | 796 | 789 | 784 | 805 | 796 | ||||||||||||||||||
Impairments & Other | 170 | 15 | 46 | 267 | 17 | 13 | 47 | 135 | ||||||||||||||||||
Total operating expenses | 3,799 | 3,385 | 3,589 | 4,093 | 3,419 | 3,441 | 3,329 | 3,695 | ||||||||||||||||||
Operating (loss) income | (357 | ) | 96 | (91 | ) | (523 | ) | 177 | 183 | 376 | 77 | |||||||||||||||
Other expense (income): | ||||||||||||||||||||||||||
Interest expense—net | 394 | 397 | 436 | 437 | 444 | 440 | 464 | 451 | ||||||||||||||||||
Other—net | (111 | ) | 12 | (37 | ) | (18 | ) | (63 | ) | (61 | ) | (1,823 | ) | (2 | ) | |||||||||||
Total other expense (income) | 283 | 409 | 399 | 419 | 381 | 379 | (1,359 | ) | 449 | |||||||||||||||||
Income tax (expense) benefit | (136 | ) | 3 | 108 | 256 | 79 | 76 | (682 | ) | 134 | ||||||||||||||||
(Loss) income from continuing operations | (776 | ) | (310 | ) | (382 | ) | (686 | ) | (125 | ) | (120 | ) | 1,053 | (238 | ) | |||||||||||
Discontinued operations—net | — | — | (25 | ) | 2,517 | 61 | 66 | 1,682 | 115 | |||||||||||||||||
Cumulative effect of accounting changes—net | — | — | — | — | — | 206 | — | — | ||||||||||||||||||
Net income (loss) | $ | (776 | ) | $ | (310 | ) | $ | (407 | ) | $ | 1,831 | $ | (64 | ) | $ | 152 | $ | 2,735 | $ | (123 | ) | |||||
QWEST COMMUNICATIONS INTERNATIONAL, INC. QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions) (Unaudited)