Exhibit 99.1

Qwest Communications International Inc.
Condensed Consolidated Statements of Operations
(Dollars and shares in millions, except per share amounts)
(unaudited)

			Three Months Ended June 30,						Six Months Ended June 30,
			2002			2001			2002			2001
Operating revenues:
	Business services		$	1,551		$	1,657		$	3,096		$	3,439
	Consumer services			1,410			1,481			2,839			2,944
	Wholesale services			995			1,699			2,016			3,148
	Directory services			345			348			695			690
	Network services and other revenues			15			34			35			46
		Total operating revenues		4,316			5,219			8,681			10,267
Operating expenses:
	Cost of sales (exclusive of items shown separately below)			1,644			1,848			3,217			3,643
	Selling, general and administrative			1,699			1,342			3,038			2,600
	Depreciation			1,075			865			2,129			1,696
	Depreciation adjustment for access lines returned to service			—			222			—			222
	Goodwill and other intangible amortization			85			392			170			711
	Merger-related and other charges			—			415			—			624
		Total operating expenses		4,503			5,084			8,554			9,496
Operating (loss) income				(187	)		135			127			771
Other expense-net:
	Interest expense-net			455			343			866			681
	Investment write-downs			740			3,108			1,202			3,247
	Loss on sale of investments and fair market value adjustments, net			11			23			21			—
	Gain on sale of rural exchanges			—			(50	)		—			(50	)
	Other expense-net			38			14			209			34
		Total other expense-net		1,244			3,438			2,298			3,912
Loss before income taxes, discontinued operations and extraordinary item				(1,431	)		(3,303	)		(2,171	)		(3,141	)
Income tax (benefit) provision				(298	)		3			(334	)		147
Loss before discontinued operations and extraordinary item				(1,133	)		(3,306	)		(1,837	)		(3,288	)
(Loss) income from discontinued operations (including a loss on disposal of $4 in 2002), net of tax				(3	)		—			(3	)		1
Extraordinary item — early retirement of debt, net of tax				—			—			6			(65	)
Net loss			$	(1,136	)	$	(3,306	)	$	(1,834	)	$	(3,352	)
Basic loss per share:
Loss before discontinued operations and extraordinary item, net of tax			$	(0.68	)	$	(1.99	)	$	(1.10	)	$	(1.98	)
(Loss) income from discontinued operations (including a loss on disposal of $4 in 2002), net of tax				—			—			—			—
Extraordinary item — early retirement of debt, net of tax				—			—			—			(0.04	)
Basic loss per share			$	(0.68	)	$	(1.99	)	$	(1.10	)	$	(2.02	)
Basic average shares outstanding				1,678			1,661			1,672			1,659
Diluted loss per share:
Loss before discontinued operations and extraordinary item			$	(0.68	)	$	(1.99	)	$	(1.10	)	$	(1.98	)
(Loss) income from discontinued operations (including a loss on disposal of $4 in 2002), net of tax				—			—			—			—
Extraordinary item — early retirement of debt, net of tax				—			—			—			(0.04	)
Diluted loss per share			$	(0.68	)	$	(1.99	)	$	(1.10	)	$	(2.02	)
Diluted average shares outstanding				1,678			1,661			1,672			1,659
Dividends per share			$	—		$	0.05		$	—		$	0.05