SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 19, 2000
QWEST COMMUNICATIONS INTERNATIONAL INC.
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(Exact name of registrant as specified in its charter)
DELAWARE
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(State or other jurisdiction of incorporation)
000-22609 84-1339282
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(Commission File Number) (IRS Employer Identification No.)
700 Qwest Tower, 555 Seventeenth Street Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 303-992-1400
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On April 19, 2000, the Registrant reported its financial results for the first
quarter of 2000. A copy of the press release announcing the same is attached as
Exhibit 99.1 to this Current Report on Form 8-K.
On April 19, 2000, the Registrant also announced the following:
o It remains comfortable with the consensus of analysts' estimates for
2000 revenues of approximately $5.1 billion and EBITDA (earnings before
interest, taxes, depreciation and amortization) of approximately $1.1
billion.
o It continues to expect Internet Protocol (IP) and data revenues to
account for 35% to 40% of total revenues for the fourth quarter of
2000.
o It expects gross margins to be in the high 40% range by the end of
2000.
o It expects SG&A (selling, general and administrative expenses) for 2000
will be in the 25% to 26% range.
o It expects capital expenditure to be approximately $3.3 billion for
2000. For 2001, capital expenditure could be around $4 billion.
This information relates to Qwest on a "stand-alone" basis. It does not give
effect to Qwest's pending merger with U S WEST, Inc. or the synergies or
financial results expected to be achieved from the merger.
This Current Report on Form 8-K contains projections and other forward-looking
statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results. Readers are referred to the
documents filed by Qwest with the SEC, specifically the most recent reports
which identify important risk factors that could cause actual results to differ
from those contained in the forward-looking statements, including potential
fluctuations in quarterly results, dependence on new product development, rapid
technological and market change, failure to maintain rights of way, financial
risk management and future growth subject to risks, adverse changes in the
regulatory or legislative environment, and failure to complete the merger with
U S WEST, or to achieve the synergies and financial results expected to result
from the merger, timely or at all. This Current Report on Form 8-K and the
attachments include or incorporate by reference analysts' estimates and other
information prepared by third parties for which Qwest assumes no responsibility.
Qwest undertakes no obligation to review or confirm analysts' expectations or
estimates or to release publicly any revisions to any forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibit 99.1 Press release of the Registrant dated April 19, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
QWEST COMMUNICATIONS INTERNATIONAL INC.
DATE: April 19, 2000 By: /s/ DRAKE S. TEMPEST
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Drake S. Tempest
Executive Vice President and General Counsel
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EXHIBIT INDEX
Exhibit 99.1 Press release of the Registrant dated April 19, 2000.
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