[Qwest Q2 Financial Tables]
Qwest Communications International Inc. Summary of Unaudited Results
(Amounts in Thousands, Except Per Share Data)
Three Months Ended
June 30, March 31, June 30,
1996 1997 1997
Revenue:
Carrier services $ 17,366 $ 11,199 $ 13,765
Commercial services 9,299 9,411 10,261
Total 26,665 20,610 24,026
Construction services 24,206 52,083 204,647
Total 50,871 72,693 228,673
Operating expenses:
Telecommunications services 24,139 18,063 20,830
Network construction services 15,097 36,265 140,047
Selling, general and administrative 10,047 13,947 18,724
Growth share plan - 13,100 52,089
Depreciation and amortization 3,850 3,962 4,081
Total 53,133 85,337 235,771
Loss from operations (2,262) (12,644) (7,098)
Other (expense) income, net (1,274) 5,410 (856)
Loss before income tax benefit (3,536) (7,234) (7,954)
Income tax benefit 1,160 2,458 2,342
Net loss $ (2,376) $ (4,776) $ (5,612)
Avg number of shares of common
stock outstanding 88,158 88,158 87,865
Net loss per share $ (0.03) $ (0.05) $ (0.06)
EBITDA $ 1,622 $(10,678) $ (3,022)
As adjusted to exclude Growth
Share Plan charge:
Net (loss) income $ (2,376) $ 3,739 $ 27,531
Avg number of shares of common
stock outstanding 88,158 88,158 89,458
Net income (loss) per share $ (0.03) $ 0.04 $ 0.31
EBITDA $ 1,622 $ 2,422 $ 49,067
Six Months Ended
June 30, June 30,
1996 1997
Revenue:
Carrier services $ 35,859 $ 24,964
Commercial services 16,312 19,672
Total 52,171 44,636
Construction services 33,332 256,730
Total 85,503 301,366
Operating expenses:
Telecommunications services 48,001 38,893
Network construction services 21,944 176,312
Selling, general and administrative 24,574 32,671
Growth share plan - 65,189
Depreciation and amortization 7,899 8,043
Total 102,418 321,108
Loss from operations (16,915) (19,742)
Other (expense) income, net (1,910) 4,554
Loss before income tax benefit (18,825) (15,188)
Income tax benefit 6,470 4,800
Net loss $(12,355) $(10,388)
Avg number of shares of common
stock outstanding 88,158 87,186
Net loss per share $ (0.14) $ (0.12)
EBITDA $ (7,437) $(13,700)
As adjusted to exclude Growth
Share Plan charge:
Net (loss) income $(12,355) $ 31,270
Avg number of shares of common
stock outstanding 88,158 88,812
Net income (loss) per share $ (0.14) $ 0.35
EBITDA $ (7,437) $ 51,489
CONTACT: Qwest Communications International Inc.
Bob Woodruff, Executive Vice President and CFO
303/291-1440
or Lee Wolfe, Vice President, Investor Relations
303/291-1467 |
