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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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): January 26, 2000
U S WEST Communications, Inc.
(Exact Name of Registrant as Specified in its Charter)
<TABLE>
<CAPTION>
<S> <C> <C>
Colorado Commission File Number IRS Employer Identification
(State of Incorporation) 1-3040 No. 84-0273800
</TABLE>
1801 California Street, Denver, Colorado 80202
(Address of Principal Executive Offices, Including Zip Code)
Telephone Number (303) 672-2700
(Registrant's Telephone Number, Including Area Code)
(The Exhibits Index is located on page 2
of this report.)
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Item 5. Other Events
On January 26, 2000, U S WEST, Inc. filed a Form 8-K containing its
fourth quarter 1999 earnings results, unaudited consolidated financial
statements and U S WEST Communications, Inc.'s unaudited consolidated financial
statements. Filed herewith are the unaudited consolidated financial statements
of U S WEST Communications, Inc.
Item 7. Financial Statements and Exhibits
27 Financial Data Schedule
99.1 Unaudited Consolidated Statements of Operations of U S WEST
Communications, Inc. for the quarters and years ended December 31,
1999 and 1998, respectively.
99.2 Unaudited Consolidated Balance Sheets of U S WEST Communications, Inc.
for the year ended December 31, 1998.
<PAGE>
SIGNATURE
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 hereunto duly authorized.
U S WEST Communications, Inc.
By: /S/ THOMAS O. MCGIMPSEY
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Thomas O. McGimpsey
Assistant Secretary
Dated: February 11, 2000
EXHIBIT 99.1
CONSOLIDATED STATEMENTS OF OPERATIONS U S WEST COMMUNICATIONS, INC.
(UNAUDITED) (Telephone Operations Only)
<TABLE>
<CAPTION>
Quarter Ended Year Ended
December 31, % December 31, %
In millions 1999 1998 Change 1999 1998 Change
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES
Local service $ 1,996 $ 1,835 8.8 $ 7,773 $ 7,124 9.1
Access services 691 671 3.0 2,731 2,662 2.6
Long-distance services 109 184 (40.8) 568 779 (27.1)
Other services 130 85 52.9 392 306 28.1
Total operating revenues 2,926 2,775 5.4 11,464 10,871 5.5
OPERATING EXPENSES
Employee-related 977 880 11.0 3,696 3,430 7.8
Other operating 611 723 (15.5) 2,515 2,685 (6.3)
Depreciation & amort 580 558 3.9 2,293 2,138 7.2
Total operating expenses 2,168 2,161 0.3 8,504 8,253 3.0
Operating income 758 614 23.5 2,960 2,618 13.1
Interest expense 114 98 16.3 403 386 4.4
Other expense 4 6 (33.3) 37 82 (54.9)
Income before income
taxes 640 510 25.5 2,520 2,150 17.2
Income tax provision 245 185 32.4 958 815 17.5
NET INCOME $ 395 $ 325 21.5 $ 1,562 $ 1,335 17.0
</TABLE>
EXHIBIT 99.2
CONSOLIDATED BALANCE SHEETS U S WEST COMMUNICATIONS, INC.
(Telephone Operations Only)
<TABLE>
<CAPTION>
December 31, December 31,
In millions 1999 1998
<S> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 61 $ 68
Accounts receivable, net 1,811 1,619
Inventories and supplies 211 154
Deferred tax asset 154 113
Prepaid and other 95 61
Total current assets 2,332 2,015
Property, plant and equipment - net 16,049 14,681
Other assets - net 1,597 882
Total assets $ 19,978 $ 17,578
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Short-term debt $ 1,684 $ 789
Accounts payable 1,721 1,411
Accrued expenses 1,560 1,383
Advance billings and deposits 343 326
Total current liabilities 5,308 3,909
Long-term debt 5,408 5,154
Postretirement and other postemployment
benefit obligations 2,462 2,458
Deferred taxes, credits and other 2,080 1,594
Stockholder's equity 4,720 4,463
Total liabilities and
stockholder's equity $ 19,978 $ 17,578
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000068622
<NAME> U S WEST COMMUNICATIONS, INC.
<MULTIPLIER> 1,000,000
<S> <C> <C>
<PERIOD-TYPE> 3-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1999 DEC-31-1999
<PERIOD-START> OCT-01-1999 JAN-01-1999
<PERIOD-END> DEC-31-1999 DEC-31-1999
<CASH> 61 61
<SECURITIES> 0 0
<RECEIVABLES> 1,811 1,811
<ALLOWANCES> 0 0
<INVENTORY> 211 211
<CURRENT-ASSETS> 2,332 2,332
<PP&E> 37,350 37,350
<DEPRECIATION> 21,301 21,301
<TOTAL-ASSETS> 19,978 19,978
<CURRENT-LIABILITIES> 5,308 5,308
<BONDS> 5,408 5,408
0 0
0 0
<COMMON> 0 0
<OTHER-SE> 4,720 4,720
<TOTAL-LIABILITY-AND-EQUITY> 19,978 19,978
<SALES> 2,926 11,464
<TOTAL-REVENUES> 2,926 11,464
<CGS> 0 0
<TOTAL-COSTS> 0 0
<OTHER-EXPENSES> 2,168 8,504
<LOSS-PROVISION> 0 0
<INTEREST-EXPENSE> 114 403
<INCOME-PRETAX> 640 2,520
<INCOME-TAX> 245 958
<INCOME-CONTINUING> 395 1,562
<DISCONTINUED> 0 0
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 395 1,562
<EPS-BASIC> 0 0
<EPS-DILUTED> 0 0
</TABLE>
