1 EXHIBIT 99B.1 CONSOLIDATED STATEMENTS OF U S WEST, Inc. INCOME (UNAUDITED) Quarter Ended Dollars in millions, March 31, % except per share amounts 1995 1994 Change - -------------------------------------------------------------------- SALES AND OTHER REVENUES $2,828 $2,641 7.1 EXPENSES Employee-related expenses 978 911 7.4 Other operating expenses 510 477 6.9 Taxes other than income taxes 114 108 5.6 Depreciation and amortization 560 503 11.3 Interest expense 128 109 17.4 Equity losses in unconsolidated ventures 57 35 62.9 Gains on sales of rural telephone exchanges 63 24 - Other expense - net 6 - - ------------------------------ Income before income taxes 538 522 3.1 Provision for income taxes 208 198 5.1 ------------------------------ NET INCOME $330 $324 1.9 ============================== Average common shares outstanding 468,557 444,378 5.4 (thousands) ============================== EARNINGS PER COMMON SHARE $0.70 $0.73 (4.1) ============================== <FN> <F1> Note: Certain reclassifications within the financial statements have been made to conform to the current year presentation. </FN> - 4 -