<BTB> EXHIBIT 99A5 COMBINED STATEMENTS OF U S WEST COMMUNICATIONS GROUP CASH FLOWS (UNAUDITED) Nine Months Ended September 30, In millions 1997 1996 - - ------------------------------------------------- -------- --------- OPERATING ACTIVITIES Net income $ 1,007 $ 938 Adjustments to net income: Depreciation and amortization 1,591 1,580 Gains on sales of rural telephone exchanges (77) (51) Cumulative effect of change in accounting principle - (34) Deferred income taxes and amortization of investment tax credits (4) (11) Changes in operating assets and liabilities: Restructuring payments (55) (114) Postretirement medical and life costs, net of cash fundings 11 (28) Accounts receivable 35 24 Inventories, supplies and other (69) (14) Accounts payable and accrued liabilities 332 72 Other - net 121 (5) - - ------------------------------------------------- -------- --------- Cash provided by operating activities 2,892 2,357 - - ------------------------------------------------- -------- --------- INVESTING ACTIVITIES Expenditures for property, plant and equipment (1,307) (1,891) Purchase of PCS wireless licenses (51) - Proceeds from sales of rural telephone exchanges 51 130 Proceeds from (payments on) disposals of property, plant, and equipment 21 (1) - - ------------------------------------------------- -------- --------- Cash (used for) investing activities (1,286) (1,762) - - ------------------------------------------------- -------- --------- FINANCING ACTIVITIES Net (repayments of) proceeds from short-term debt (397) 195 Proceeds from issuance of long-term debt - 16 Repayments of long-term debt (410) (278) Dividends paid on common stock (733) (703) Proceeds from issuance of common stock 50 109 - - ------------------------------------------------- -------- --------- Cash (used for) financing activities (1,490) (661) - - ------------------------------------------------- -------- --------- CASH AND CASH EQUIVALENTS Increase (decrease) 116 (66) Beginning balance 80 172 - - ------------------------------------------------- -------- --------- Ending balance $ 196 $ 106 ================================================= ======== ========= 10