1 EXHIBIT 99B.1 CONSOLIDATED STATEMENTS OF U S WEST, Inc. INCOME (UNAUDITED) Quarter Ended Dollars in millions, December 31, % except per share amounts 1993 1992 Change - --------------------------------------------------- ----------- ------- SALES AND OTHER REVENUES $2,666.0 $2,519.0 5.8 EXPENSES Employee-related costs 941.0 968.0 (2.8) Other operating expenses 562.3 486.5 15.6 Taxes other than income taxes 100.0 77.6 28.9 Depreciation and amortization 489.2 473.8 3.3 Interest expense 125.1 109.2 14.6 Other income (expense) - net (54.3) (34.6) 56.9 ----------- ----------- --------- Income from continuing operations before income taxes 394.1 369.3 6.7 Provision for income taxes 130.0 107.4 21.0 ----------- ----------- --------- Income from continuing operations 264.1 261.9 0.8 Discontinued operations - 41.7 - ----------- ----------- --------- NET INCOME $264.1 $303.6 (13.0) =========== ============ ========= Earnings per share: Continuing operations $0.62 $0.63 (1.6) Discontinued operations - 0.10 - ----------- ----------- --------- EARNINGS PER SHARE $0.62 $0.73 (15.1) =========== ============ ========= <FN> Note: Certain reclassifications within the financial statements have been made to conform to the current year presentation. 1