EX-99.2 6 a2135689zex-99_2.htm EXHIBIT 99.2
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EXHIBIT 99.2

        The following condensed operating financial data reflects our quarterly operating results for all quarters in 2002 and 2003. We made certain reclassifications to prior balances to conform to the current presentation.


QWEST COMMUNICATIONS INTERNATIONAL, INC.
QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts)
(Unaudited)

 
   2003
   2002
  
 
   Q1
   Q2
   Q3
   Q4
   Total
   Q1
   Q2
   Q3
   Q4
   Total
  
Operating revenue   $ 3,624   $ 3,596   $ 3,570   $ 3,498   $ 14,288   $ 3,983   $ 3,911   $ 3,772   $ 3,705   $ 15,371  
Operating expenses:                                                              
  Cost of sales     1,476     1,479     1,960     1,541     6,456     1,511     1,646     1,486     1,459     6,102  
  SG&A     1,168     1,134     1,070     1,204     4,576     1,421     1,432     1,278     1,018     5,149  
  Deprec. & amort.     784     789     796     798     3,167     1,114     1,132     796     805     3,847  
  Impairments & Other     13     17     267     46     343     31     18,977     135     47     19,190  
   
 
 
 
 
 
 
 
 
 
 
Total operating expenses     3,441     3,419     4,093     3,589     14,542     4,077     23,187     3,695     3,329     34,288  
   
 
 
 
 
 
 
 
 
 
 
Operating income (loss)     183     177     (523 )   (91 )   (254 )   (94 )   (19,276 )   77     376     (18,917 )
Other expense (income):                                                              
  Interest expense—net     440     444     437     436     1,757     424     450     451     464     1,789  
  Other—net     (61 )   (63 )   (18 )   (37 )   (179 )   646     588     (2 )   (1,823 )   (591 )
   
 
 
 
 
 
 
 
 
 
 
Total other expense (income)     379     381     419     399     1,578     1,070     1,038     449     (1,359 )   1,198  
Income tax benefit (expense)     76     79     256     108     519     189     2,856     134     (682 )   2,497  
   
 
 
 
 
 
 
 
 
 
 
Loss from continuing operations     (120 )   (125 )   (686 )   (382 )   (1,313 )   (975 )   (17,458 )   (238 )   1,053     (17,618 )
Discontinued operations—net     66     61     2,517     (25 )   2.619     125     28     115     1,682     1.950  
Cumulative effect of accounting changes—net     206     —     —     —     206     (22,800 )   —     —     —     (22,800 )
   
 
 
 
 
 
 
 
 
 
 
Net income (loss)   $ 152   $ (64 ) $ 1,831   $ (407 ) $ 1,512   $ (23,650 ) $ (17,430 ) $ (123 ) $ 2,735   $ (38,468 )
   
 
 
 
 
 
 
 
 
 
 



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QWEST COMMUNICATIONS INTERNATIONAL, INC. QUARTERLY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in millions, except per share amounts) (Unaudited)