EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) SEPT. 29, ASSETS 1995 - --------------------------------------------------------- ------------ CASH AND CASH EQUIVALENTS............................... $ 2,932,966 ------------ CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS............... 5,360,550 ------------ MARKETABLE INVESTMENT SECURITIES........................ 2,321,681 ------------ TRADING ASSETS, AT FAIR VALUE Corporate debt and preferred stock...................... 18,254,829 Contractual agreements.................................. 11,463,086 U.S. Government and agencies............................ 8,992,533 Non-U.S. governments and agencies....................... 8,946,106 Equities and convertible debentures..................... 9,875,225 Mortgages and mortgage-backed........................... 2,923,718 Municipals.............................................. 996,174 Money markets........................................... 1,551,538 ------------ Total................................................... 63,003,209 ------------ RESALE AGREEMENTS....................................... 45,501,860 ------------ SECURITIES BORROWED..................................... 23,619,471 ------------ RECEIVABLES Customers (net of allowance for doubtful accounts of $47,754)............................................... 14,941,065 Brokers and dealers..................................... 10,999,592 Interest and other...................................... 4,005,927 ------------ Total................................................... 29,946,584 ------------ INVESTMENTS OF INSURANCE SUBSIDIARIES................... 5,709,734 LOANS, NOTES, AND MORTGAGES (NET OF ALLOWANCE FOR LOAN LOSSES OF $181,806)............................... 2,672,601 OTHER INVESTMENTS....................................... 949,015 PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT (NET OF ACCUMULATED DEPRECIATION AND AMORTIZATION OF $2,167,374)......................................... 1,608,225 OTHER ASSETS............................................ 1,846,791 ------------ TOTAL ASSETS............................................ $185,472,687 ============
6 EXHIBIT 99(i) (continued) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Thousands, Except Per Share Amounts) SEPT. 29, LIABILITIES AND STOCKHOLDERS' EQUITY 1995 - ----------------------------------------------------- ------------- LIABILITIES REPURCHASE AGREEMENTS............................... $ 54,274,118 ------------ COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.... 31,762,286 ------------ TRADING LIABILITIES, AT FAIR VALUE U.S. Government and agencies........................ 10,169,694 Contractual agreements.............................. 11,550,244 Non-U.S. governments and agencies................... 7,507,530 Equities and convertible debentures................. 6,197,449 Corporate debt and preferred stock.................. 1,772,335 Municipals.......................................... 100,523 ------------ Total............................................... 37,297,775 ------------ CUSTOMERS........................................... 10,527,590 INSURANCE........................................... 5,443,687 BROKERS AND DEALERS................................. 14,973,504 OTHER LIABILITIES AND ACCRUED INTEREST.............. 8,959,967 LONG-TERM BORROWINGS................................ 16,156,414 ------------ TOTAL LIABILITIES................................... 179,395,341 ------------ STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY...................... 618,800 ------------ COMMON STOCKHOLDERS' EQUITY Common stock, par value $1.33 1/3 per share; authorized: 500,000,000 shares; issued: 236,330,162 shares........................ 315,105 Paid-in capital..................................... 1,216,025 Foreign currency translation adjustment............. (29,596) Net unrealized gains on investment securities available-for-sale (net of applicable income tax expense of $3,284)................................ 6,404 Retained earnings................................... 6,246,482 ------------ Subtotal.......................................... 7,754,420 Less: Treasury stock, at cost: 56,453,746 shares........ 1,998,751 Unallocated ESOP reversion shares, at cost: 4,375,113 shares................................ 68,908 Employee stock transactions....................... 228,215 ------------ TOTAL COMMON STOCKHOLDERS' EQUITY................... 5,458,546 ------------ TOTAL STOCKHOLDERS' EQUITY.......................... 6,077,346 ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.......... $185,472,687 ============
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