EXHIBIT C.2
CONSOLIDATED BALANCE SHEETS U S WEST, Inc.
(UNAUDITED)
December 31,
In millions 1996 1995
- - --------------------------------------- -------------------------
ASSETS
Current assets:
Cash and cash equivalents $201 $192
Accounts and notes receivable 2,113 1,886
Inventories and supplies 159 227
Deferred tax asset 140 282
Marketable securities 58 -
Prepaid and other 367 322
-------------------------
Total current assets 3,038 2,909
-------------------------
Property, plant and equipment - net 18,281 14,677
Investment in Time Warner Entertainment 2,477 2,483
Intangible assets - net 12,078 1,798
Investment in international ventures 1,882 1,511
Net investment in assets held for sale 409 429
Other assets 2,433 1,264
-------------------------
Total assets $40,598 $25,071
=========================
LIABILITIES AND SHAREOWNERS' EQUITY
Current liabilities:
Short-term debt $1,051 $1,901
Accounts payable 1,316 975
Due to Continental shareholders 1,150 -
Dividends payable 263 254
Other payables 2,294 1,922
-------------------------
Total current liabilities 6,074 5,052
-------------------------
Long-term debt 14,300 6,954
Deferred taxes 4,304 1,270
Postretirement and other postemployment
benefit obligations 2,479 2,433
Deferred credits and other 799 763
Preferred securities of subsidiary
trust holding Company-guaranteed
debentures 1,080 600
Preferred stock subject to
mandatory redemption 51 51
Shareowners' equity:
Preferred shares 920 -
Common shares 10,741 8,228
Retained deficit (30) (115)
LESOP guarantee (91) (127)
Foreign currency translation adjustments (29) (38)
-------------------------
Total shareowners' equity 11,511 7,948
-------------------------
Total liabilities & shareowners' equity $40,598 $25,071
=========================