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: October 22, 1997
PACIFIC BELL
A California Corporation
Commission File No. 1-1414
IRS Employer No. 94-0745535
140 New Montgomery Street, San Francisco, California 94105
Telephone Number (415) 542-9000
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Item 5. Other Events
Today Pacific Bell released the following information:
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Supplemental Financial Data
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Pacific Bell Telephone Company (PacBell Consolidated)
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<CAPTION>
Dollars in millions Three Months Ended Nine Months Ended
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Unaudited 9/30/97 9/30/96 9/30/97 9/30/96
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<S> <C> <C> <C> <C>
Operating Revenues
Local service $ 1,153 $ 1,006 $ 3,261 $ 2,962
Network access - Interstate 455 448 1,254 1,338
Network access - Intrastate 194 176 596 539
Long-distance service 302 324 900 953
Directory advertising 218 204 834 780
Other 159 157 479 434
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Total Operating Revenues 2,481 2,315 7,324 7,006
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Cash Operating Expenses 1,587 1,326 5,490 3,875
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EBITDA * 894 989 1,834 3,131
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Depreciation and amortization 471 459 1,557 1,367
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Total Operating Expenses 2,058 1,785 7,047 5,242
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Operating Income 423 530 277 1,764
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Income (Loss) Before Cumulative Effect
of Accounting Changes 195 262 (79) 884
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Analytical and Operating Information
Interstate Minutes of Use (000,000) 9,133 9,112 28,653 25,961
Intrastate Minutes of Use (000,000) 8,396 6,907 23,021 21,346
Capital Expenditures $ 518 $ 540 $ 1,687 $ 1,597
Access Lines Served (000) 16,594 16,018
Residence 10,326 9,979
Business 6,052 5,829
Other 216 210
Total Assets $ 15,770 $ 14,236
Total Debt $ 6,559 $ 5,902
Shareowner's Equity $ 3,442 $ 3,448
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* EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization
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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.
Pacific Bell
October 22, 1997 /s/ Michael F.G. Ashby
Michael F. G. Ashby
Vice President and Chief Financial Officer
