MediaOne Group, Inc.
Proportionate Results Highlights (1)
(UNAUDITED)
Three Year
Months Ended Pro Ended Pro
Dollars in Dec 31, Forma(2) Dec 31, Forma(2)
millions
1999 1998 % % 1999 1998 % %
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Proportionate Revenue
MediaOne $ 693 $ 627 10.5% 11.6% $2,686 $2,467 8.9% 10.9%
Multimedia
Venture(3) 943 832 13.3 13.9 3,358 3,124 7.5 10.0
Int'l 291 434 (32.9) 20.7 1,715 1,456 17.8 26.7
Corporate
& other - 28 (100.0) (100.0) 7 85 (91.8) (119.0)
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$1,927 $1,921 0.3% 13.7% $7,766 $7,132 8.9% 13.2%
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Proportionate Operating Cash Flow(4)
MediaOne $ 249 $ 235 6.0% 7.3% $ 980 $ 941 4.1% 5.0%
Multimedia
Venture(3) 474 196 141.8 16.9 1,342 800 67.8 10.4
Int'l 72 58 24.1 53.2 352 205 71.7 63.7
Corporate
& other (12) (16) 25.0 40.0 (63) (68) 7.4 19.7
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$ 783 $ 473 65.5% 18.3% $2,611 $1,878 39.0% 15.2%
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(1) Excludes results for the domestic wireless operations which were
sold in April, 1998.
(2) Results reflect pro forma adjustments for acquisitions,
dispositions and other asset transactions. Total pro forma
revenue would be $1,927 and $1,695 for the three months ended
December 31, 1999 and 1998, respectively, and $7,755 and $6,850
for the respective twelve month periods. Total pro forma
operating cash flow would be $530 and $448 for the three months
ended December 31, 1999 and 1998, respectively, and $2,099 and
$1,822 for the respective twelve month periods.
(3) Includes 25.51% of Time Warner Entertainment's (TWE) reported
results less a $79 deferred gain in third quarter 1999 related
to a cable system swap between MediaOne and TWE.
(4) Operating cash flow represents earnings before interest, taxes,
depreciation and amortization.
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