MediaOne Group, Inc.
Condensed Consolidated Balance Sheets- As Reported
(UNAUDITED)
June 30, December 31,
Dollars in millions 1999 1998
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ASSETS
Current assets:
Cash and cash equivalents $ 1,032 $ 415
Accounts and notes receivable, and other 1,099 785
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2,131 1,200
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Property and equipment - net 4,501 4,069
Investments:
Time Warner Entertainment 2,479 2,442
Vodafone Group/AirTouch Communications 7,310 5,919
International ventures 643 1,344
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10,432 9,705
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Intangible and other assets - net 13,447 13,218
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Total $ 30,511 $ 28,192
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LIABILITIES AND EQUITY
Current liabilities:
Short-term debt $ 1,718 $ 569
Other current liabilities 1,185 1,045
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2,903 1,614
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Long-term debt:
Exchangeable Notes (PIES) 2,525 1,702
Other 3,720 3,151
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6,245 4,853
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Deferred income taxes, credits and other 7,096 6,676
Minority interest in Centaur Funding 1,107 1,099
Company-obligated mandatorily redeemable
preferred securities of subsidiary trust
holding solely Company-guaranteed debentures 1,060 1,061
Preferred stock subject to
mandatory redemption (Series C and E) 100 100
Shareholders' equity:
Preferred shares (Series D) 929 927
Common shares 10,409 10,324
Retained earnings 371 669
Accumulated other comprehensive income 291 869
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12,000 12,789
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Total $ 30,511 $ 28,192
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