<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the audited consolidated financial statements of McLeodUSA Incorporated and subsidiaries for the year ended December 31, 1999 and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 326,856 <SECURITIES> 934,111 <RECEIVABLES> 225,219 <ALLOWANCES> 41,415 <INVENTORY> 27,461 <CURRENT-ASSETS> 1,569,473 <PP&E> 1,442,579 <DEPRECIATION> 172,547 <TOTAL-ASSETS> 4,203,147 <CURRENT-LIABILITIES> 296,679 <BONDS> 1,763,775 <PREFERRED-MANDATORY> 1,000,000 <PREFERRED> 12 <COMMON> 1,576 <OTHER-SE> 1,106,954 <TOTAL-LIABILITY-AND-EQUITY> 4,203,147 <SALES> 908,792 <TOTAL-REVENUES> 908,792 <CGS> 457,085 <TOTAL-COSTS> 457,085 <OTHER-EXPENSES> 562,970 <LOSS-PROVISION> 20,412 <INTEREST-EXPENSE> 136,868 <INCOME-PRETAX> (220,282) <INCOME-TAX> 0 <INCOME-CONTINUING> (220,282) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (220,282) <EPS-BASIC> (1.61) <EPS-DILUTED> (1.61)