We analyze the mean and the variance of the useful signal and interference powers in a multi-cell network using zero-forcing beamforming (ZF-BF) with two beamformer normalization approaches. While the mean has been the main focus in earlier studies on ZF-BF, analysis of the variance has not been tackled. Our analysis provides a complete statistical study, sheds light on the importance of the variance by deriving closed-form expressions for the signals' two moments, and provides a practical use for these expressions; we use the gamma or lognormal distribution for the interference power to analytically calculate the outage.