EXHIBIT 99B.3
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Nine Months Ended
Dollars in millions, September 30, %
except per share amounts 1994 1993 Change
- - ---------------------------------------------------------------------------
SALES AND OTHER REVENUES $8,114 $7,628 6.4
EXPENSES
Employee-related costs 2,822 2,665 5.9
Other operating expenses 1,527 1,481 3.1
Taxes other than income taxes 322 317 1.6
Restructuring charge - 1,000 -
Depreciation and amortization 1,519 1,465 3.7
Interest expense 323 314 2.9
Other income (expense) - net 44 (35) -
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Income from continuing operations
before income taxes and
extraordinary items 1,645 351 -
Provision for income taxes 628 139 -
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Income from continuing operations
before extraordinary items 1,017 212 -
Discontinued operations - (82) -
Extraordinary items:
Discontinuance of SFAS No. 71, net of tax - (3,123) -
Early extinguishment of debt, net of tax - (77) -
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NET INCOME (LOSS) $1,017 ($3,070) -
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Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.
EXHIBIT 99B.3 (CONTINUED)
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Nine Months Ended
September 30, %
1994 1993 Change
- - ---------------------------------------- ------------------------------
Earnings (loss) per common share:
Continuing operations $2.25 $0.51 -
Discontinued operations - net - (0.20) -
Extraordinary items:
Discontinuance of SFAS No. 71 - (7.51) -
Early extinguishment of debt - (0.18) -
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EARNINGS (LOSS) PER COMMON SHARE $2.25 ($7.38) -
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