EXHIBIT 99 A.2
EARNINGS NORMALIZATION SCHEDULE U S WEST, INC.
(UNAUDITED)
Quarter Ended Nine Months Ended
In millions, except September 30, % September 30, %
per share amounts 1999 1998 Change 1999 1998 Change
- --------------------- ------- ---- ------ ------- ------- ------
Reported net income $ 139 $ 379 (63.3) $ 957 $1,068 (10.4)
Adjustments:
Terminated merger-
related expenses 282 - - 282 - -
Separation costs - - - - 68 -
Asset impairment - - - - 21 -
----- ----- ------- ------
Normalized income $ 421 $ 379 11.1 $1,239 $1,157 7.1
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NORMALIZED BASIC
EARNINGS PER SHARE:
Reported basic
earnings per share $0.28 $0.76 (63.2) $1.90 $2.13 (10.8)
Adjustments:
Terminated merger-
related expenses 0.56 - - 0.56 - -
Separation costs - - - - 0.13 -
Asset impairment - - - - 0.04 -
----- ----- ------- ------
Normalized basic
earnings per share $0.84 $0.76 10.5 $2.46 $2.31 # 6.5
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NORMALIZED DILUTED
EARNINGS PER SHARE:
Reported diluted
earnings per share $0.27 $0.75 (64.0) $1.88 $2.11 (10.9)
Adjustments:
Terminated merger-
related expenses 0.56 - - 0.56 - -
Separation costs - - - 0.13 -
Asset impairment - - - - 0.04 -
----- ----- ------- --------
Normalized diluted
earnings per share $0.83 $0.75 10.7 $2.44 $2.29 # 6.6
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<F1>
# Amount does not foot due to rounding of individual components.
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