EXHIBIT 99A.1
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Quarter Ended Nine Months Ended
September 30, % September 30, %
In millions 1995 1994 Change 1995 1994 Change
- ---------------------- ------- ------- ------ ------- ------- ------
SALES & OTHER REVENUES $2,964 $2,765 7.2 $8,686 $8,114 7.0
EXPENSES
Employee-related 1,007 968 4.0 2,982 2,822 5.7
Other operating 592 532 11.3 1,661 1,527 8.8
Taxes other than
income taxes 103 109 (5.5) 330 322 2.5
Depreciation & amort. 573 509 12.6 1,695 1,519 11.6
Interest expense 137 104 31.7 404 323 25.1
Equity losses in
unconsol. ventures 38 26 46.2 128 83 54.2
Gains on asset sales:
Rural tele. exchanges 34 - - 112 48 -
Paging assets - - - - 68 -
Guaranteed minority
interest expense 2 - - 2 - -
Other income
(expense)- net (8) (3) - (6) 11 -
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Income before income
taxes and extra-
ordinary item 538 514 4.7 1,590 1,645 (3.3)
Income taxes 213 196 8.7 617 628 (1.8)
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Income before extra-
ordinary item 325 318 2.2 973 1,017 (4.3)
Extraordinary item:
Early extinguishment
of debt, net of tax (9) - - (9) - -
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NET INCOME 316 318 (0.6) 964 1,017 (5.2)
Preferred dividends 1 - - 3 - -
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EARNINGS AVAILABLE FOR
COMMON STOCK $315 $318 (0.9) $961 $1,017 (5.5)
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Average common shares
outstanding 471.2 455.0 3.6 470.1 451.0 4.2
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Note: Certain reclassifications within the financial
statements have been made to conform to the current year
presentation.
EXHIBIT 99A.1 (continued)
CONSOLIDATED STATEMENTS OF U S WEST, Inc.
INCOME (UNAUDITED)
Quarter Ended Nine Months Ended
September 30, % September 30, %
1995 1994 Change 1995 1994 Change
- ---------------------- ------ ------- ------- ------ ------- ------
Earnings per common
share:
Income available $0.69 $0.70 (1.4) $2.06 $2.25 (8.4)
for common stock
before extraordinary
item
Extraordinary item (0.02) - - (0.02) - -
------- ------- ------- --------
EARNINGS PER COMMON
SHARE $0.67 $0.70 (4.3) $2.04 $2.25 (9.3)
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