LVLT's adjusted capitalization from today's SEC form S-4/A...
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Capitalization
The following table sets forth the consolidated capitalization of Level 3
as of December 31, 1998 and that capitalization as adjusted to give effect to
the net proceeds from Level 3's public offering of 28,750,000 shares of our
common stock in March 1999.
December 31, 1998
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Actual As Adjusted
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(dollars in millions)
Cash and marketable securities......................... $ 3,711 $ 5,207
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Total long-term debt, less current portion............. 2,641 2,641
Total stockholders' equity............................. 2,165 3,661
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Total capitalization................................... $ 4,806 $ 6,302
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