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Qwest_3Q03_Non-GAAP_Reconciliation1

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    Qwest_3Q03_Non-GAAP_Reconciliation1 Qwest_3Q03_Non-GAAP_Reconciliation1 Document Transcript

    • Qwest Communications 3rd Quarter 2003 Non-GAAP Reconciliations
    • RECONCILIATION OF NON-GAAP MEASURES QWEST COMMUNICATIONS INTERNATIONAL INC. WEBSITE DISCLOSURE (UNAUDITED) ADJUSTED EBITDA: (1) ($ in Millions) Three Months Ended Nine Months Ended September 30, September 30, 2003 2002 2003 2002 Operating (loss) income $(523) $76 $(163) $(19,266) Add back: Restructuring and other charges 37 135 67 161 Asset impairment charges 230 - 230 10,499 Goodwill impairment charges - - - 8,483 Other intangible assets amortization 119 104 339 469 Depreciation 677 692 2,030 2,573 Adjusted EBITDA $540 $1,007 $2,503 $2,919 ADJUSTED EBITDA MARGIN Three Months Ended Nine Months Ended September 30, September 30, 2003 2002 2003 2002 Adjusted EBITDA $540 $1,007 $2,503 $2,919 Divided by total operating revenues 3,570 3,772 10,790 11,666 ADJUSTED EBITDA MARGIN 15.1% 26.7% 23.2% 25.0% (1) Adjusted EBITDA and Adjusted EBITDA Margin is a non-GAAP measure representing an important indicator of profitability for capital-intensive businesses, and remain key metrics for valuation in the investment community. We also use Adjusted EBITDA internally for a variety of purposes, including setting targets for compensation. For purposes of calculating Adjusted EBITDA we exclude the following items from Operating (loss) income: Restructuring and other charges, Asset impairment charges, Goodwill impairment charges, Other intangible assets amortization and Depreciation.