EXHIBIT 99B.8 STATEMENTS OF INCOME U S WEST COMMUNICATIONS, Inc. (UNAUDITED) Nine Months Ended September 30, Dollars in millions 1994 1993 % Change - - ------------------------------------------------------------------------- OPERATING REVENUES Local service $3,035 $2,842 6.8 Access charges - interstate 1,691 1,593 6.2 Access charges - intrastate 541 513 5.5 Long distance network service 1,019 1,082 (5.8) Other services 442 410 7.8 ---------------------------- Total operating revenues 6,728 6,440 4.5 ---------------------------- OPERATING EXPENSES Employee-related costs 2,207 2,134 3.4 Other operating expenses 1,199 1,212 (1.1) Taxes other than income taxes 294 290 1.4 Restructuring charge - 880 - Depreciation and amortization 1,406 1,355 3.8 ---------------------------- Total operating expenses 5,106 5,871 (13.0) ---------------------------- Income from operations 1,622 569 - Interest expense 243 286 (15.0) Other income (expense) - net 25 (11) - ---------------------------- Income before income taxes and extraordinary items 1,404 272 - Provision for income taxes 527 111 - ---------------------------- Income before extraordinary items 877 161 - Extraordinary items: Discontinuance of SFAS No. 71, net of tax - (3,041) - Early extinguishment of debt, net of tax - (77) - ---------------------------- NET INCOME (LOSS) $877 ($2,957) - ============================ Note: Certain reclassifications within the financial statements have been made to conform to the current year presentation.