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
SOUTHWESTERN BELL TELEPHONE COMPANY
A Missouri Corporation
Commission File No. 1-2346
IRS Employer No. 43-0529710
One Bell Center, St. Louis, Missouri 63101-3099
Telephone Number (314) 235-9800
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Item 5. Other Events
Today Southwestern Bell Telephone Company released the following information:
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Supplemental Financial Data
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Southwestern Bell Telephone Company
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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 $ 1,337 $ 1,203 $ 3,898 $ 3,495
Network access - Interstate 548 537 1,631 1,601
Network access - Intrastate 273 283 813 827
Long-distance service 204 213 620 656
Other 266 220 743 632
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Total Operating Revenues 2,628 2,456 7,705 7,211
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Cash Operating Expenses 1,487 1,365 4,435 3,960
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EBITDA * 1,141 1,091 3,270 3,251
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Depreciation and amortization 475 452 1,440 1,337
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Total Operating Expenses 1,962 1,817 5,875 5,297
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Operating Income 666 639 1,830 1,914
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Net Income 374 354 997 1,053
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Analytical and Operating Information
Interstate Minutes of Use (000,000) 10,664 9,729 31,288 28,509
Intrastate Minutes of Use (000,000) 4,429 4,225 12,941 12,461
Capital Expenditures $ 639 $ 587 $ 1,890 $ 1,629
Access Lines Served (000) 15,556 14,797
Residence 10,127 9,779
Business 5,243 4,831
Other 186 187
Total Assets $ 14,733 $ 13,758
Total Debt $ 5,736 $ 5,258
Shareowner's Equity $ 2,863 $ 2,881
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* EBITDA = Earnings Before Interest, Taxes, Depreciation and Amortization
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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 thereunto duly authorized.
Southwestern Bell Telephone Company
/s/ Richard G. Lindner
Richard G. Lindner
Vice President and Chief Financial Officer
October 22, 1997
