EXHIBIT 99A5 COMBINED STATEMENTS OF U S WEST COMMUNICATIONS GROUP CASH FLOWS (UNAUDITED) Nine Months Ended September 30, In millions 1996 1995 - --------------------------------------------------------------------- OPERATING ACTIVITIES Net income $938 $895 Adjustments to net income: Depreciation and amortization 1,580 1,514 Gains on sales of rural telephone exchanges (51) (112) Cumulative effect of change in accounting principle (34) - Deferred income taxes and amortization of investment tax credits (11) 121 Changes in operating assets and liabilities: Restructuring payments (114) (254) Postretirement medical and life costs, net of cash fundings (28) (156) Accounts and notes receivable 24 (204) Inventories, supplies and other (14) (63) Accounts payable and accrued liabilities 72 (33) Other - net (5) (10) - --------------------------------------------------------------------- Cash provided by operating activities 2,357 1,698 - --------------------------------------------------------------------- INVESTING ACTIVITIES Expenditures for property, plant and equipment (1,891) (1,703) Proceeds from sales of rural telephone exchanges 130 162 Proceeds from (payments on) disposals of property, plant and equipment (1) (1) - --------------------------------------------------------------------- Cash (used for) investing activities (1,762) (1,542) - --------------------------------------------------------------------- FINANCING ACTIVITIES Net proceeds from issuance of short-term debt 195 365 Proceeds from issuance of long-term debt 16 499 Repayments of long-term debt (278) (256) Dividends paid on common stock (703) (694) Proceeds from issuance of common stock 109 - Advance to Media Group - (105) - --------------------------------------------------------------------- Cash (used for) financing activities (661) (191) - --------------------------------------------------------------------- CASH AND CASH EQUIVALENTS Decrease (66) (35) Beginning balance 172 116 - --------------------------------------------------------------------- Ending balance $106 $81 ===================================================================== 10