MediaOne Group, Inc.
Consolidated Domestic Cable Highlights-Pro Forma (1)
MediaOne
(UNAUDITED)
Three Months Ended Year Ended
Dollars in December 31, December 31,
millions 1998 1997 Percent 1998 1997 Percent
- ---------------------------------------------------------------------------
Video Revenues
Basic cable $ 428 $ 391 9.5% $ 1,704 $ 1,534 11.1%
Premium 82 81 1.2 322 328 (1.8)
Pay-per-view 12 13 (7.7) 52 55 (5.5)
Advertising 49 38 28.9 157 128 22.7
Equip. & instal. 46 40 15.0 176 154 14.3
Other (6) (5) (20.0) (28) (20) (40.0)
--------------- ---------------
Total Video
Revenues 611 558 9.5 2,383 2,179 9.4
New products 16 7 128.6 50 20 150.0
--------------- ----------------
Total Broadband
Revenue $ 627 $ 565 11.0% $ 2,433 $ 2,199 10.6%
=============== ================
Operating Cash Flow(2)(3)
Video
(Excluding Y2K) $ 260 $ 245 6.1% $ 1,008 $ 951 6.0%
New Products (19) (9) (111.1) (58) (34) (70.6)
Year 2000 costs (6) - - (13) - -
--------------- ----------------
Total Operating
Cash Flow $ 235 $ 236 (0.4)% $ 937 $ 917 2.2%
=============== ================
- ---------------------------------------------------------------------
(1) Results reflect pro forma adjustments for acquisitions and
dispositions.
(2) Includes spending initiatives (e.g. systems improvements, call
center consolidations, etc.)
(3) Operating cash flow represents earnings before interest, taxes,
depreciation and amortization.
- ---------------------------------------------------------------------
-6-