EXHIBIT 99B.6
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
CASH FLOWS (UNAUDITED)
Nine Months Ended
September 30,
In millions 1994 1993
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OPERATING ACTIVITIES
Net income $1,017 ($3,070)
Adjustments to net income:
Discontinuance of SFAS No. 71 - 3,123
Restructuring charge - 1,000
Depreciation and amortization 1,519 1,465
Discontinued operations - 82
Deferred income taxes and amortization
of investment tax credits 181 (270)
Changes in operating assets and liabilities:
Accounts and notes receivable (173) (153)
Inventories, supplies and other (42) (79)
Accounts payable and accrued liabilities 111 186
Restructuring payments (167) (77)
Other - net (112) 80
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Cash provided by operating activities 2,334 2,287
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INVESTING ACTIVITIES
Expenditures for property, plant and equipment (1,948) (1,714)
Investment in Time Warner Entertainment - (1,531)
Proceeds from disposals of property, plant and
equipment 49 29
Proceeds from the sale of assets 143 -
Other - net (311) (179)
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Cash (used) for investing activities (2,067) (3,395)
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FINANCING ACTIVITIES
Net proceeds from short-term debt 403 2,535
Proceeds from issuance of long-term debt 251 1,794
Repayments of long-term debt (408) (1,878)
Dividends paid on common stock (663) (608)
Proceeds from issuance of common stock 329 80
Proceeds from issuance of preferred stock 50 -
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Cash provided by financing activities (38) 1,923
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Cash provided by continuing operations 229 815
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Cash provided by (used for) discontinued
operations (59) (152)
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CASH AND CASH EQUIVALENTS
Increase 170 663
Beginning balance 128 159
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Ending balance $298 $822
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Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.