EXHIBIT 99B.1
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Quarter Ended Six Months Ended
In millions, except June 30, % June 30, %
per share amounts 1995 1994 Change 1995 1994 Change
- - ------------------------------ ------- -------------- ------- -------
SALES & OTHER REVENUES $2,894 $2,708 6.9 $5,722 $5,349 7.0
EXPENSES
Employee-related 997 943 5.7 1,975 1,854 6.5
Other operating 559 518 7.9 1,069 995 7.4
Taxes other than
income taxes 113 105 7.6 227 213 6.6
Depreciation & amort. 562 507 10.8 1,122 1,010 11.1
Interest expense 139 110 26.4 267 219 21.9
Equity losses in
unconsol. ventures 33 22 50.0 90 57 57.9
Gains on asset sales:
Rural tele. exchanges 15 24 (37.5) 78 48 62.5
Paging assets - 68 - - 68 -
Other income - net 8 14 (42.9) 2 14 (85.7)
---------------- ----------------
Income before income 514 609 (15.6) 1,052 1,131 (7.0)
taxes
Income taxes 196 234 (16.2) 404 432 (6.5)
---------------- ----------------
NET INCOME 318 375 (15.2) 648 699 (7.3)
Preferred dividends 1 - - 2 - -
---------------- ----------------
EARNINGS AVAILABLE FOR $ 317 $ 375 (15.5) $ 646 $ 699 (7.6)
COMMON STOCK ================ ================
Average common shares 470.4 453.6 3.7 469.5 449.0 4.6
outstanding ================ ================
EARNINGS PER COMMON $0.67 $0.83 (19.3) $1.37 $1.56 (12.2)
SHARE ================ ================
<FN>
Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.
</FN>