EXHIBIT 99A2
EARNINGS NORMALIZATION SCHEDULE U S WEST COMMUNICATIONS GROUP
(UNAUDITED)
Quarter Ended Nine Months Ended
In millions, except September 30, % September 30, %
per share amounts 1996 1995 Change 1996 1995 Change
- -------------------------------- ------- ------------- ------- ------
NORMALIZED INCOME:
Reported net income $286 $287 (0.3) $938 $895 4.8
Adjustments to normalize
net income:
Rural exchange sales (1) (21)(95.2) (31) (70)(55.7)
Recapitalization costs - 5 - - 5 -
Extraordinary item - net
of tax - 5 - - 5 -
Cumulative effect of
change in accounting
principle-net of tax - - - (34) - -
Current year impact of
accounting change -
net of tax (3) - - (13) - -
---------------- ----------------
Normalized income $282 $276 2.2 $860 $835 3.0
================ ================
NORMALIZED EARNINGS PER
COMMON SHARE:
Reported net income $0.60 $0.61 (1.6) $1.97 $1.90 3.7
Adjustments to normalize
net income:
Rural exchange sales - (0.04) - (0.06) (0.14)(57.1)
Recapitalization costs - 0.01 - - 0.01 -
Extraordinary item - net
of tax - 0.01 - - 0.01 -
Cumulative effect of
change in accounting
principle-net of tax - - - (0.07) - -
Current year impact of
accounting change -
net of tax (0.01) - - (0.03) - -
---------------- ----------------
Normalized earnings
per common share $0.59 $0.59 - $1.81 $1.78 1.7
================ ================
7