EXHIBIT 99B.1
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Quarter Ended
Dollars in millions, September 30, %
except per share amounts 1994 1993 Change
- - ---------------------------------------- --------------------------------
SALES AND OTHER REVENUES $2,765 $2,577 7.3
EXPENSES
Employee-related costs 968 912 6.1
Other operating expenses 532 514 3.5
Taxes other than income taxes 109 107 1.9
Restructuring charge - 1,000 -
Depreciation and amortization 509 477 6.7
Interest expense 104 101 3.0
Other income (expense) - net (29) - -
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Income (loss) from continuing operations
before income taxes and
extraordinary items 514 (534) -
Provision (benefit) for income taxes 196 (159) -
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Income (loss) from continuing operations
before extraordinary items 318 (375) -
Discontinued operations - (20) -
Extraordinary items:
Discontinuance of SFAS No. 71, net of tax - (3,123) -
Early extinguishment of debt, net of tax - (27) -
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NET INCOME (LOSS) $318 ($3,545) -
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Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.
EXHIBIT 99B.1 (CONTINUED)
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Quarter Ended
September 30, %
1994 1993 Change
- - ---------------------------------------- --------------------------------
Earnings (loss) per common share:
Continuing operations $0.70 ($0.90) -
Discontinued operations - (0.05) -
Extraordinary items:
Discontinuance of SFAS No. 71 - (7.49) -
Early extinguishment of debt - (0.06) -
--------------------------------
EARNINGS (LOSS) PER COMMON SHARE $0.70 ($8.50) -
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