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EXHIBIT 99B.6
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
CASH FLOWS (UNAUDITED)
Year Ended
December 31,
In millions 1994 1993
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OPERATING ACTIVITIES
Net income $1,426 ($2,806)
Adjustments to net income:
Discontinuance of SFAS No. 71 - 3,123
Restructuring charge - 1,000
Depreciation and amortization 2,052 1,955
Gains on sales of assets:
Partial sale of joint venture interest (164) -
Paging assets (68) -
Rural exchange sales (82) -
Equity losses of unconsolidated ventures 121 74
Discontinued operations - 82
Deferred income taxes and amortization
of investment tax credits 373 (225)
Changes in operating assets and liabilities:
Restructuring payments (289) (120)
Funding of postretirement benefit obligation (110) (255)
Accounts and notes receivable (104) (90)
Inventories, supplies and other (81) (56)
Accounts payable and accrued liabilities (10) 238
Other - net 177 302
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Cash provided by operating activities 3,241 3,222
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INVESTING ACTIVITIES
Expenditures for property, plant and equipment (2,597) (2,449)
Investment in Time Warner Entertainment - (1,557)
Investment in Southern Multimedia Communications (745) -
Investment in international ventures (350) (230)
Proceeds from disposals of property, plant and
equipment 96 45
Proceeds from the sale of paging assets 143 -
Other - net (119) (10)
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Cash (used) for investing activities (3,572) (4,201)
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FINANCING ACTIVITIES
Net proceeds from short-term debt 1,280 687
Proceeds from issuance of long-term debt 251 2,282
Repayments of long-term debt (526) (2,969)
Dividends paid on common stock (886) (812)
Proceeds from issuance of common stock 364 1,150
Proceeds from issuance of preferred stock 50 -
Purchase of treasury stock (20) -
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Cash provided by financing activities 513 338
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Cash provided by (used for) continuing operations 182 (641)
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CONSOLIDATED STATEMENTS OF U S WEST, Inc.
CASH FLOWS (UNAUDITED)
Year Ended
December 31,
In millions 1994 1993
- - ---------------------------------------------------------------------
Cash provided by (used for) discontinued
operations (101) 610
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CASH AND CASH EQUIVALENTS
Increase 81 (31)
Beginning balance 128 159
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Ending balance $209 $128
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Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.
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