EXHIBIT 99A.4 CONSOLIDATED STATEMENTS OF CASH FLOWS U S WEST, Inc. (UNAUDITED) Nine Months Ended September 30, In millions 1999 1998 - -------------------------------------------------- ------- ------- OPERATING ACTIVITIES Net income $ 957 $ 1,068 Adjustments to net income: Depreciation and amortization 1,763 1,625 Deferred income taxes and amortization of investment tax credits 131 57 Changes in operating assets and liabilities: Accounts receivable (42) (18) Inventories, supplies and other current assets (93) (49) Accounts payable, accrued expense and advance billings 155 233 Other 81 34 - -------------------------------------------------- ------- ------- Cash provided by operating activities 2,952 2,950 - -------------------------------------------------- ------- ------- INVESTING ACTIVITIES Expenditures for property, plant and equipment (2,681) (1,937) Payments on disposals of property, plant and equipment (30) (14) Investment in Global Crossing Ltd. common stock (2,464) - Other (11) (57) - -------------------------------------------------- ------- ------- Cash used for investing activities (5,186) (2,008) - -------------------------------------------------- ------- ------- FINANCING ACTIVITIES Net proceeds from short-term debt 2,102 1,519 Proceeds from issuance of long-term debt 1,302 3,066 Repayments of long-term debt (307) (411) Net repayments of Old U S WEST short-term debt - (198) Repayment of Old U S WEST debt in connection with the DEX Alignment - (3,829) Proceeds from issuance of common stock 60 60 Dividends paid on common stock (917) (787) Dividends paid to Old U S WEST - (194) Payment to Old U S WEST for debt refinancing costs - (140) Return of capital from Old U S WEST - 13 Purchases of treasury stock - (46) - -------------------------------------------------- ------- ------- Cash used for financing activities 2,240 (947) - -------------------------------------------------- ------- ------- CASH AND CASH EQUIVALENTS Increase 6 (5) Beginning balance 49 27 - -------------------------------------------------- ------- ------- Ending balance $ 55 $ 22 ================================================== ======= =======