MediaOne Group, Inc.
Condensed Consolidated Balance Sheets- As Reported
(UNAUDITED)
December 31, December 31,
Dollars in millions 1998 1997
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ASSETS
Current assets:
Cash and cash equivalents $ 415 $ 184
Accounts and notes receivable, and other 785 783
Net investment in assets of USWC and Dex - 4,367
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1,200 5,334
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Property and equipment - net 4,069 4,272
Investments:
Time Warner Entertainment 2,442 2,486
AirTouch Communications 5,919 -
International ventures 1,344 742
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9,705 3,228
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Intangible and other assets - net 13,218 13,949
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Total $ 28,192 $ 26,783
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LIABILITIES AND EQUITY
Current liabilities:
Short-term debt $ 569 $ 735
Other current liabilities 1,045 1,453
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1,614 2,188
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Long-term debt:
Exchangeable Notes (PIES) 1,702 -
Other 3,151 8,228
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4,853 8,228
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Deferred income taxes, credits and other 6,676 3,863
Minority interest in Centaur Funding 1,099 -
Company-obligated mandatorily redeemable
preferred securities of subsidiary trust
holding solely Company-guaranteed debentures 1,061 1,080
Preferred stock subject to
mandatory redemption (Series C and E) 100 100
Shareholders' equity:
Preferred shares (Series D) 927 923
Common shares 10,324 10,876
Retained earnings (deficit) 669 (359)
LESOP guarantee - (46)
Accumulated other comprehensive income (loss) 869 (70)
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12,789 11,324
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Total $ 28,192 $ 26,783
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