-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HKrhRn//uALY1vEuy/RagzqXN3MTnnXLdjeorZOW0KUVuVZ1opQtD8dDJSrBFGv5 0rfQoZFNBJVWo7swX0AvrA== 0000732718-99-000016.txt : 19990222 0000732718-99-000016.hdr.sgml : 19990222 ACCESSION NUMBER: 0000732718-99-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 19981231 ITEM INFORMATION: FILED AS OF DATE: 19990219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEDIAONE GROUP INC CENTRAL INDEX KEY: 0000732718 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 840926774 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08611 FILM NUMBER: 99545600 BUSINESS ADDRESS: STREET 1: 188 INVERNESS DRIVE WEST CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037936500 MAIL ADDRESS: STREET 1: 188 INVERNESS DRIVE WEST STREET 2: 6TH FLOOR CITY: ENGLEWOOD STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: MEDIA ONE GROUP INC DATE OF NAME CHANGE: 19980616 FORMER COMPANY: FORMER CONFORMED NAME: US WEST INC DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K CURRENT REPORT 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): February 18, 1999 MediaOne Group, Inc. (Exact name of registrant as specified in its charter)
A Delaware Corporation Commission File Number IRS Employer Identification No. (State of incorporation) 1-8611 84-0926774
188 Inverness Drive West Englewood, Colorado 80112 (Address of principal executive offices) (303) 858-3000 (Registrant's telephone number, including area code) Item 5. Other Events On February 18, 1999 MediaOne Group, Inc. released its 1998 earnings results. The releases and financial statements are attached hereto as Exhibits. Item 7. Exhibits
Exhibit Description 7 Financial Data Schedule 99 Press Release issued February 18, 1999 concerning the earnings results of MediaOne Group, Inc.for the fourth quarter ending December 31, 1998. 99 Proportionate Results Highlights of MediaOne Group, Inc. for the three months and the years ended December 31, 1997 and 1998, filed in connection with the Press Release dated February 18, 1999. 99.1 Pro Forma Consolidated Domestic Cable Highlights of MediaOne Group, Inc. for the three months and year ended December 31, 1997 and 1998, filed in connection with the Press Release dated February 18, 1999. 99.2 Pro Forma Key Operating Statistics - Domestic Cable - of MediaOne Group, Inc. for the quarters ended December 31, 1998, September 30, 1998, and December 31, 1997, filed in connection with the Press Release dated February 18, 1999. 99.3 Pro Forma Key Operating Statistics - International - of MediaOne Group, Inc. for the quarter ended December 31, 1998, September 30, 1998, and December 31, 1997, filed in connection with the Press Release dated February 18, 1999. 99.4 Consolidated Statement of Operations of MediaOne Group, Inc. for the three months and year ended December 31, 1998 and 1997, filed in connection with the press Release dated February 18, 1999. 99.5 Consolidated Revenues and Operating Cash Flow Highlights - As Reported - of MediaOne Group, Inc. for the three months and year ended December 31, 1998 and 1997, as filed in connection with the Press Release dated February 18, 1999. 99.6 Condensed Consolidated Balance Sheets - As Reported - for MediaOne Group, Inc. as of December 31, 1998 and December 31, 1997, as filed in connection with the Press Release dated February 18, 1999.
Item 7. Exhibits (Continued)
Exhibit Description 99.7 Pro Forma Supplementary Quarterly Data for Domestic Cable Operations, as filed in connection with the Press Release dated February 18, 1999. 99.8 Supplementary Quarterly Data As Reported for Domestic Cable Operations, as filed in connection with the Press Release dated February 18, 1999.
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. MediaOne Group, Inc. /s/ STEPHEN E. BRILZ By:___________________________________ Stephen E. Brilz Assistant Secretary Dated: February 18, 1998 EX-99 2 EXHIBIT 99: PRESS RELEASE February 18, 1999 Cathy Fowler (303) 858-3405 Steve Lang, 303-858-3406 MediaOne Group Operating Cash Flow Up 21 Percent in 1998 -- International Operating Cash Flow Increases More than Six-Fold -- -- 84,000 U.S. High-speed Internet Subscribers; More Markets to Come -- ENGLEWOOD, Colo. -- MediaOne Group (NYSE: UMG) today reported year-end proportionate operating cash flow of $1.9 billion, up 21 percent on a pro-forma basis over 1997 results. In 1998 in the U.S., the company introduced a new video packaging concept, launched telephone service in six markets, digital video service in its first market and high-speed data service in three new markets. The company's international joint ventures added 2.4 million new broadband and wireless subscriptions, an increase of 44 percent over 1997. MediaOne Group reported -- on a proportionate pro-forma basis: o A quarterly pro-forma 18 percent increase in operating cash flow, to $473 million. For the year, the company reported $1.9 billion in operating cash flow, a 21 percent pro-forma increase over 1997. o A quarterly pro-forma 14 percent increase in proportionate revenue, to $1.9 billion. For the year, the company's revenue was $7.1 billion, up 16 percent pro-forma over 1997. Because MediaOne Group operates numerous joint ventures, the company uses proportionate accounting to reflect its share of operating revenues and expenses associated with these operations. Pro-forma numbers are used to provide direct "apples to apples" comparisons of operations quarter over quarter, as the company has streamlined the business significantly during the past year. Streamlining included the completion of the split from U S WEST Communications; the $4.75 billion transfer of U.S. directory assets to the new U S WEST; and the $6 billion merger of U.S. wireless interests into AirTouch. Operating cash flow, which represents earnings before interest, taxes, depreciation and amortization, is a key indicator of the company's operating performance. "This was a landmark year for MediaOne Group. We completed several significant strategic moves, including the split from U S WEST Communications, the merger of our U.S. wireless assets into AirTouch, and the subsequent monetization of a portion of our AirTouch common stock. We also completed our high-speed Internet joint venture with Time Warner, Compaq and Microsoft," said Chuck Lillis, chairman and chief executive officer of MediaOne Group. "On the operations side, our international businesses continued their explosive growth, while more U.S. subscribers signed up for digital telephone and high-speed data services." MediaOne -- the U.S. broadband business U.S. broadband revenue was $627 million, up 11 percent on a pro-forma basis for the quarter. Year-end revenue was $2.5 billion, also up 11 percent on a pro-forma basis. The company serves nearly five million subscribers across the U.S. MediaOne launched digital telephone service in six markets, ending 1998 with more than 13,000 lines provided to more than 10,000 subscribers. The company also extended high-speed data service in an additional three markets, ending the year with 84,000 high-speed data subscribers in 11 markets. By the end of 1998, the company was adding about 2,400 new high-speed data subscribers each week. MediaOne ended the year with 1.1 million advanced analog video sub- scribers. In September, MediaOne began offering a new video packaging concept, which is now available to about half of the company's subscribers, with more to come in 1999. Also, in the fourth quarter, MediaOne took a $163 million charge on its PRIMESTAR investment. Earlier this month, MediaOne announced an agreement with Time Warner Cable to strengthen key clusters in Boston and Atlanta. This move, plus other swaps announced earlier in the year, ultimately will mean that more than half of MediaOne's subscribers will be in systems where the company has more than a 50 percent share of the market area. And more than two-thirds of the company's subscribers will be in systems with more than 250,000 subscribers. MediaOne Multimedia Ventures -- the 25.51 percent stake in Time Warner Entertainment For the quarter, MediaOne Group's share of Time Warner Entertainment's reported revenue was $832 million, up 8 percent on a pro-forma basis over fourth quarter 1997. MediaOne Group's share of TWE's reported revenue for the year was $3.1 billion, up 11 percent pro-forma over the prior year. MediaOne Group's share of TWE's reported earnings before interest, taxes, depreciation, amortization and other associated costs for fourth quarter were $196 million, up 15 percent pro-forma over the same period last year. Yearly figures were up 15 percent pro-forma, to $800 million. MediaOne International -- the international broadband and wireless joint ventures MediaOne International's pro-forma proportionate operating cash flow more than tripled during fourth quarter compared to the same quarter last year, to $58 million. Operating cash flow increased more than six-fold on a pro-forma basis for the year, to $205 million on a comparable basis. International operations now provide eight million broadband and wireless subscriptions in Europe and Asia. Those businesses added 2.4 million subscriptions during the year, a 44 percent increase over 1997. Revenue for the year was up 40 percent pro-forma to $1.5 billion. The company's international broadband businesses experienced 10 percent video subscriber growth, with more than two million subscribers in Europe and Asia at the end of 1998. Telephone line growth was up 20 percent for the year, with 1.6 million lines in service. MediaOne International's broadband businesses now serve 38,500 Internet access subscribers. During the year, MediaOne International increased its stake in Telewest to 29.9 percent and is now the company's largest shareholder. The year also saw the completion of the Telewest merger with General Cable, making Telewest the United Kingdom's largest broadband provider, with more than 1.5 million telephone lines, one million video accounts and 24,000 Internet access subscribers. International wireless operations continued their explosive growth in 1998. The company's Central European wireless businesses expanded their subscriber base by 87 percent to 2.2 million subscribers. Subscriber growth at One 2 One, the fastest-growing UK wireless company, increased by 89 percent, to 1.9 million subscribers. MediaOne Group (NYSE: UMG) is one of the world's largest broadband communications companies, bringing the power of broadband and the Internet to subscribers in the United States, Europe and Asia. The company also has interests in some of the fastest-growing wireless communications businesses outside the U.S. For 1998, the businesses that comprise MediaOne Group produced $7.1 billion in proportionate revenue. [Safe Harbor statement: This document contains statements about expected future events and financial results that are forward-looking and subject to risk and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Discussion of factors that may affect future results is contained in our recent filings with the Securities and Exchange Commission.] -3- EX-99 3 EXHIBIT 99.1: PROPORTIONATE RESULTS HIGHLIGHTS Contents
Page Proportionate Proportionate Results 5 Domestic Cable Consolidated Pro Forma Domestic Cable Results 6 Statistics Pro Forma Key Operating Statistics 7-8 Consolidated Consolidated Operations 9 Consolidated Revenues and Operating Cash Flow 10 Condensed Consolidated Balance Sheets 11
-4- MediaOne Group, Inc. Proportionate Results Highlights (1) (UNAUDITED)
Three Months Ended Pro Year Ended Pro Dollars in December 31, Forma(2) December 31, Forma(2) millions 1998 1997 % % 1998 1997 % % - ----------------------------------------------------------------------------- Proportionate Revenue MediaOne $ 627 $ 602 4.2% 11.0% $ 2,467 $ 2,323 6.2% 10.6% Multimedia Ventures (3) 832 800 4.0 7.6 3,124 2,887 8.2 10.8 International 434 343 26.5 33.1 1,456 1,230 18.4 40.3 Corporate & other(4) 28 26 7.7 12.0 85 131 (35.1) 6.3 ----------------- ---------------- $ 1,921 $ 1,771 8.5% 13.7% $ 7,132 $ 6,571 8.5% 15.7% ================== =================
Proportionate Operating Cash Flow(5)
MediaOne $ 235 $ 239 (1.7)% (0.4)% $ 941 $ 930 1.2% 2.2% Multimedia Ventures (3) 196 206 (4.9) 15.3 800 711 12.5 15.3 International 58 19 205.3 241.2 205 77 166.2 540.6 Corporate & other(4) (16) (23) 30.4 23.8 (68) (98) 30.6 23.6 ---------------- ----------------- $ 473 $ 441 7.3% 17.7% $ 1,878 $ 1,620 15.9% 20.7% ================ =================
- ---------------------------------------------------------------------------- (1) Excludes results for the domestic wireless operations which were sold in 1998. (2) Results reflect pro forma adjustments for acquisitions, dispositions and other asset transactions. (3) Includes 25.51% of Time Warner Entertainment's reported results. (4) Includes a $30 one-time charge for the relocation of MediaOne operations in full year 1997. (5) Operating cash flow represents earnings before interest, taxes, depreciation and amortization. - --------------------------------------------------------------------- -5- EX-99 4 EXHIBIT 99.2: CONS. DOMESTIC CABLE MediaOne Group, Inc. Consolidated Domestic Cable Highlights-Pro Forma (1) MediaOne (UNAUDITED)
Three Months Ended Year Ended Dollars in December 31, December 31, millions 1998 1997 Percent 1998 1997 Percent - --------------------------------------------------------------------------- Video Revenues Basic cable $ 428 $ 391 9.5% $ 1,704 $ 1,534 11.1% Premium 82 81 1.2 322 328 (1.8) Pay-per-view 12 13 (7.7) 52 55 (5.5) Advertising 49 38 28.9 157 128 22.7 Equip. & instal. 46 40 15.0 176 154 14.3 Other (6) (5) (20.0) (28) (20) (40.0) --------------- --------------- Total Video Revenues 611 558 9.5 2,383 2,179 9.4 New products 16 7 128.6 50 20 150.0 --------------- ---------------- Total Broadband Revenue $ 627 $ 565 11.0% $ 2,433 $ 2,199 10.6% =============== ================
Operating Cash Flow(2)(3) Video (Excluding Y2K) $ 260 $ 245 6.1% $ 1,008 $ 951 6.0% New Products (19) (9) (111.1) (58) (34) (70.6) Year 2000 costs (6) - - (13) - - --------------- ---------------- Total Operating Cash Flow $ 235 $ 236 (0.4)% $ 937 $ 917 2.2% =============== ================
- --------------------------------------------------------------------- (1) Results reflect pro forma adjustments for acquisitions and dispositions. (2) Includes spending initiatives (e.g. systems improvements, call center consolidations, etc.) (3) Operating cash flow represents earnings before interest, taxes, depreciation and amortization. - --------------------------------------------------------------------- -6- EX-99 5 EXHIBIT 99.3: KEY OPERATING-INTERNAT'L. MediaOne Group, Inc. Key Operating Statistics- Pro Forma (1)
In thousands, except Dec. 31, Sept. 30, Dec. 31, dollar amounts 1998 1998 1997 - -------------------------------------------------------------------------- OPERATING STATISTICS- DOMESTIC CABLE - ---------------------------------------- MediaOne Domestic Cable Statistics - ---------------------------------------- Homes Passed 8,512 8,476 8,373 Basic Video Subscribers 4,965 4,952 4,915 Basic Video Subscriber Growth (Y/Y) 1.0% 1.3% 1.6% Basic Video Penetration 58.3% 58.4% 58.7% Advanced Analog Video Subscribers 1,062 912 N/A HSD Subscribers 84 53 21 Telco Subscribers 10 4 - Telco Lines 13 5 - Results Per Subscriber - ---------------------- Video Monthly Revenue per Subscriber $ 41.17 $ 40.68 $ 38.20 Total Monthly Broadband Revenue per Subscriber $ 42.27 $ 41.57 $ 38.66 Video EBITDA Margin (with Year 2000 costs) 41.6% 40.3% 43.9% Total EBITDA Margin 37.5% 37.0% 41.8% - --------------------------------------------------------------------- Time Warner Entertainment (2) Homes Passed 17,453 15,950 15,443 Basic Video Subscribers 10,794 9,980 9,676 HSD Subscribers 104 73 26
- --------------------------------------------------------------------- (1) Results reflect pro forma adjustments for acquisitions, dispositions and other asset transactions. (2) MediaOne Group has 50% management control of TWE domestic broadband business and a 25.51% equity ownership. TWE numbers are as reported versus normalized numbers. - --------------------------------------------------------------------- -7- MediaOne Group, Inc. Key Operating Statistics- Pro Forma (1)
Dec. 31, Sept. 30, Dec. 31, In thousands 1998 1998 1997 - ------------------------------------------------------------------------- OPERATING STATISTICS (Venture Level)- INTERNATIONAL BROADBAND - ------------------------------------- U.K. and European Cable/Telco (2) Homes Passed 5,369 5,316 5,185 Video Subscribers 1,896 1,831 1,787 Telephone Lines 1,600 1,525 1,342 Asian Cable/Telco Homes Passed 1,756 1,579 1,268 Video Subscribers 245 218 153 Telephone Lines 5 3 -
- ------------------------------------------------------------------------ OPERATING STATISTICS (Venture Level)- INTERNATIONAL WIRELESS - -------------------------------------
One 2 One POPs 58,000 58,000 58,000 Subscribers 1,921 1,482 1,014 Subscriber Growth (Y/Y) 89.4% 83.4% 86.1% Central European Wireless POPs 63,900 63,900 63,900 Subscribers 2,205 1,913 1,178 Subscriber Growth (Y/Y) 87.2% 78.5% 120.6% Asian and Other Wireless POPs 74,000 74,000 74,000 Subscribers 152 138 104
- ------------------------------------------------------------------------ OPERATING STATISTICS (Venture Level)- TOTAL INTERNATIONAL SERVICES - -------------------------------------
Video Subscribers 2,141 2,049 1,940 Wireless Subscribers 4,278 3,533 2,296 Telephone Lines 1,605 1,528 1,342 --------- --------- --------- Total International Subscriptions 8,024 7,110 5,578 Growth (Y/Y) 43.9% 37.8% N/A
- ------------------------------------------------------------------- (1) Results reflect pro forma adjustments for acquisitions, dispositions and other asset transactions. (2) MediaOne International increased its ownership in Telewest from 26.8% throughout the second quarter to 21.6% in the third quarter and 29.9% in the fourth quarter. - ------------------------------------------------------------------- -8- EX-99 6 EXHIBIT 99.4: CONS. STMT. OF OPNS. MediaOne Group, Inc. Consolidated Operations Highlights- As Reported (UNAUDITED)
Three Months Ended Year Ended Dollars in millions, except December 31, December 31, per share data 1998 1997 1998 1997 - --------------------------------------------------------------------- REVENUES $ 643 $ 972 $ 2,882 $ 3,847 Cost of sales 230 310 1,013 1,255 Selling, general and admin. 216 377 926 1,305 ------------------ ------------------ OPERATING CASH FLOW (1) 197 285 943 1,287 Depreciation & amortization (288) (378) (1,182) (1,257) Interest expense, minority guarantee, other (137) (181) (569) (765) Equity losses in unconsolidated ventures (144) (414) (417) (909) Gains on sales of investments(2) 28 313 3,939 421 Other income(expense) (162) 32 (76) 16 Income tax benefit(expense) 168 113 (1,208) 380 ------------------- ------------------ INCOME (LOSS) FROM CONTINUING OPERATIONS (338) (230) 1,430 (827) Discontinued operations income, net of tax (3) - 268 25,208 1,524 Extraordinary item, net of tax - - (333) - ------------------- ----------------- NET INCOME (LOSS) (338) 38 26,305 697 Preferred dividends (12) (13) (51) (52) Accretion of discount on preferred securities (4) - (4) - Loss on redemption of preferred securities - - (53) - ------------------- ----------------- EARNINGS (LOSS) AVAILABLE FOR COMMON STOCK $ (354) $ 25 $ 26,197 $ 645 =================== =================
- --------------------------------------------------------------------- AVERAGE SHARES OUTSTANDING (4)
Basic 604.4 607.3 607.6 606.7 Diluted 604.4 607.3 653.0 606.7 BASIC EARNINGS (LOSS) PER COMMON SHARE Earnings(loss)from continuing operations $ (0.58) $ (0.40) $ 2.18(5)$ (1.45) Total earnings (loss) $ (0.58) $ (0.24) $ 42.14 $ (0.88) DILUTED EARNINGS (LOSS) PER COMMON SHARE Earnings(loss) from continuing operations $ (0.58) $ (0.40) $ 2.10 $ (1.45) Total earnings(loss) $ (0.58) $ (0.24) $ 39.29 $ (0.88)
- --------------------------------------------------------------------- (1) Operating cash flow represents earnings before interest, taxes, depreciation and amortization. (2) Includes gain on sale of domestic wireless operations of $3,869 for the year ended December 31, 1998. (3) Includes gain on separation from U S WEST Communications (USWC). This also includes income attributable to USW stock of zero for the three months and $589 for the year ended December 31, 1998, and $170 and $1,177 for the three months and year ended December 31, 1997, respectively. (4) Actual shares outstanding as of December 31, 1998 and 1997 were 603.5 million and 607.8 million, respectively. (5) Adjusting for one time unusual transactions ($3.75 for domestic wireless operations, ($.16)Primestar investment loss and ($.01) other) EPS was ($1.40) for 1998. 1997 adjusted EPS was ($1.99). -9- EX-99 7 EXHIBIT 99.5: CONS. REVS. & OPTG. CASH FLOW MediaOne Group, Inc. Consolidated Revenues and Operating Cash Flow Highlights- As Reported (Unaudited)
Three Months Ended Year Ended December 31, December 31, Dollars in millions 1998 1997 Percent 1998 1997 Percent - ----------------------------------------------------------------------------- Consolidated Revenues MediaOne $ 627 $ 602 4.2% $ 2,467 $ 2,323 6.2% International 7 4 75.0 24 18 33.3 Corporate & other(1) 9 9 - 30 78 (61.5) ---------------- ----------------- Current Operations 643 615 4.6% 2,521 2,419 4.2% Domestic wireless - 357 N/M 361 1,428 N/M ---------------- ----------------- Total $ 643 $ 972 N/M $ 2,882 $ 3,847 N/M ================ ================= Consolidated Operating Cash Flow (2) MediaOne $ 235 $ 239 (1.7)% $ 941 $ 930 1.2% International (2) (5) 60.0 (6) (17) 64.7 Corporate & other(1) (36) (47) 23.4 (140) (159) 11.9 ---------------- ------------------ Current Operations 197 187 5.3% 795 754 5.4% Domestic wireless - 98 N/M 148 533 N/M ---------------- ------------------ Total $ 197 $ 285 N/M $ 943 $ 1,287 N/M ================ ==================
- --------------------------------------------------------------------- (1) 1997 results include Thomson and Polska international directories, which have since been sold. (2) Operating cash flow represents earnings before interest, taxes, depreciation and amortization. N/M-Not meaningful due to the sale of the domestic wireless businesses. - --------------------------------------------------------------------- -10- EX-99 8 EXHIBIT 99.6: CONDENSED CONS. BAL. SHEETS MediaOne Group, Inc. Condensed Consolidated Balance Sheets- As Reported (UNAUDITED)
December 31, December 31, Dollars in millions 1998 1997 - ---------------------------------------------------------------------------- ASSETS Current assets: Cash and cash equivalents $ 415 $ 184 Accounts and notes receivable, and other 785 783 Net investment in assets of USWC and Dex - 4,367 ------------------------------ 1,200 5,334 ------------------------------ Property and equipment - net 4,069 4,272 Investments: Time Warner Entertainment 2,442 2,486 AirTouch Communications 5,919 - International ventures 1,344 742 ------------------------------ 9,705 3,228 ------------------------------ Intangible and other assets - net 13,218 13,949 ------------------------------ Total $ 28,192 $ 26,783 ==============================
- ---------------------------------------------------------------------------
LIABILITIES AND EQUITY Current liabilities: Short-term debt $ 569 $ 735 Other current liabilities 1,045 1,453 ------------------------------ 1,614 2,188 ------------------------------ Long-term debt: Exchangeable Notes (PIES) 1,702 - Other 3,151 8,228 ------------------------------ 4,853 8,228 ------------------------------ Deferred income taxes, credits and other 6,676 3,863 Minority interest in Centaur Funding 1,099 - Company-obligated mandatorily redeemable preferred securities of subsidiary trust holding solely Company-guaranteed debentures 1,061 1,080 Preferred stock subject to mandatory redemption (Series C and E) 100 100 Shareholders' equity: Preferred shares (Series D) 927 923 Common shares 10,324 10,876 Retained earnings (deficit) 669 (359) LESOP guarantee - (46) Accumulated other comprehensive income (loss) 869 (70) ------------------------------ 12,789 11,324 ------------------------------ Total $ 28,192 $ 26,783 ==============================
- --------------------------------------------------------------------------- -11- EX-27 9 FDS --
5 Financial Data Schedule 0000732718 MediaOne Group, Inc. 3-MOS 12-MOS DEC-31-1998 DEC-31-1998 SEP-30-1998 JAN-01-1998 DEC-31-1998 DEC-31-1998 415 415 48 48 255 255 0 0 4 4 1,200 1,200 4,937 4,937 868 868 28,192 28,192 1,614 1,614 4,853 4,853 1,161 1,161 927 927 10,324 10,324 1,538 1,538 28,192 28,192 643 2,882 643 2,882 0 0 0 0 734 3,121 0 0 112 491 (506) 2,638 (168) 1,208 (338) 1,430 0 25,208 0 (333) 0 0 (338) 26,305 (0.58) 42.14 (0.58) 39.29
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