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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): April 28, 2000
U S WEST Communications, Inc.
(Exact name of registrant as specified in its charter)
Colorado CommissionFile Number IRS Employer Identification
(State of Incorporation) 1-3040 No. 84-0273800
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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<PAGE>
Item 5. Other Events
On April 28, 2000, U S WEST, Inc. filed a Form 8-K containing its first
quarter earnings results, unaudited consolidated financial statements and U S
WEST Communications, Inc.'s unaudited consolidated financial statements.
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 ended March 31, 1999 and
2000, respectively, filed in connection with U S WEST, Inc.'s
Press Release dated April 28, 2000.
99.2 Unaudited Consolidated Balance Sheets of U S WEST Communications,
Inc. for the quarter ended March 31, 2000, and the year ended
December 31, 1999, respectively, filed in connection with the
Press Release dated April 28, 2000.
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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: April 28, 2000
CONSOLIDATED STATEMENTS OF OPERATIONS U S WEST COMMUNICATIONS, INC.
(UNAUDITED) (Telephone Operations Only)
<TABLE>
<CAPTION>
Quarter Ended
March 31, %
In millions 2000 1999 Change
- - ------------------------------------------- ------- ------- --------
<S> <C> <C> <C>
OPERATING REVENUES
Local services $2,045 $1,871 9.3
Access services 710 672 5.7
Long-distance services 106 171 (38.0)
Other services 90 74 21.6
------- -------
Total operating revenues 2,951 2,788 5.8
------- -------
OPERATING EXPENSES
Employee-related 802 893 (10.2)
Other operating 777 624 24.5
Depreciation & amort 564 585 (3.6)
------- -------
Total operating expenses 2,143 2,102 2.0
------- -------
Operating income 808 686 17.8
Interest expense 119 89 33.7
Other expense 6 12 (50.0)
------- -------
Income before income
taxes 683 585 16.8
Income tax provision 258 216 19.4
------- -------
NET INCOME $425 $369 15.2
======= =======
</TABLE>
CONSOLIDATED BALANCE SHEETS U S WEST COMMUNICATIONS, INC.
(Telephone Operations Only)
<TABLE>
<CAPTION>
(UNAUDITED)
March 31, December 31,
In millions 2000 1999
- - ----------------------------------------- ------------ -------------
<S> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 66 $ 61
Accounts receivable, net 1,765 1,811
Inventories and supplies 217 211
Deferred tax asset 141 154
Prepaid and other 147 95
------------ -------------
Total current assets 2,336 2,332
Property, plant and equipment - net 16,546 16,049
Other assets - net 1,478 1,597
------------ -------------
Total assets $20,360 $19,978
============ =============
LIABILITIES AND STOCKHOLDER'S EQUITY
Current liabilities:
Short-term debt $2,393 $1,684
Accounts payable 1,576 1,721
Accrued expenses 1,541 1,560
Advance billings and deposits 352 343
------------ -------------
Total current liabilities 5,862 5,308
Long-term debt 5,464 5,408
Postretirement and other postemployment
benefit obligations 2,406 2,462
Deferred taxes, credits and other 2,125 2,080
Stockholder's equity 4,503 4,720
------------ -------------
Total liabilities and
stockholder's equity $20,360 $19,978
============ =============
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000068622
<NAME> U S WEST Communications, Inc.
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-02-2000
<PERIOD-END> MAR-31-2000
<CASH> 66
<SECURITIES> 0
<RECEIVABLES> 1,765
<ALLOWANCES> 0
<INVENTORY> 217
<CURRENT-ASSETS> 2,336
<PP&E> 37,972
<DEPRECIATION> 21,426
<TOTAL-ASSETS> 20,360
<CURRENT-LIABILITIES> 5,862
<BONDS> 0
0
0
<COMMON> 8,135
<OTHER-SE> (3,632)
<TOTAL-LIABILITY-AND-EQUITY> 20,360
<SALES> 2,951
<TOTAL-REVENUES> 2,951
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 2,143
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 119
<INCOME-PRETAX> 683
<INCOME-TAX> 258
<INCOME-CONTINUING> 425
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 425
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
