MediaOne Group, Inc.
Condensed Consolidated Balance Sheets- As Reported
(UNAUDITED) September 30, December 31,
Dollars in millions 1998 1997
- ---------------------------------------------------------------------
ASSETS
Current assets:
Cash and cash equivalents $ 52 $ 184
Net investment in assets of USWC and Dex - 4,367
Accounts and notes receivable, and other 538 783
------------ ------------
590 5,334
------------ ------------
Property and equipment - net 3,595 4,272
Investments:
Time Warner Entertainment 2,447 2,486
AirTouch Communications 5,025 -
International ventures 913 742
------------ ------------
8,385 3,228
------------ ------------
Intangible and other assets - net 12,741 13,949
------------ ------------
Total $ 25,311 $ 26,783
============ ============
- ---------------------------------------------------------------------
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt $ 567 $ 735
Other current liabilities 1,159 1,453
------------ ------------
1,726 2,188
------------ ------------
Long-term debt:
Exchangeable Notes 1,653 -
Other 2,984 8,228
------------ ------------
4,637 8,228
------------ ------------
Deferred income taxes, credits and other 5,584 3,863
Company-obligated mandatorily redeemable
preferred securities of subsidiary trust
holding solely Company-guaranteed
debentures 561 1,080
Preferred stock subject to
mandatory redemption (Series C and E) 100 100
Shareholders' equity:
Preferred shares (Series D) 925 923
Common shares 10,455 10,876
Retained earnings (deficit) 1,021 (359)
LESOP guarantee - (46)
Accumulated other comprehensive
income (loss) 302 (70)
------------ ------------
12,703 11,324
------------ ------------
Total $ 25,311 $ 26,783
============ ============
-12-