EXHIBIT 99(i) MERILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET (dollars in millions, except per share amount)
DECEMBER 25, ASSETS 1998 - -------------------------------------------------------------------------------- ----------- CASH AND CASH EQUIVALENTS...................................................... $ 12,530 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS...................................... 6,590 -------- RECEIVABLES UNDER RESALE AGREEMENTS AND SECURITIES BORROWED TRANSACTIONS....... 87,713 -------- MARKETABLE INVESTMENT SECURITIES............................................... 4,605 -------- TRADING ASSETS, AT FAIR VALUE Equities and convertible debentures............................................ 25,318 Contractual agreements......................................................... 21,979 Corporate debt and preferred stock............................................. 21,166 U.S. Government and agencies................................................... 15,421 Non-U.S. governments and agencies.............................................. 7,474 Mortgages, mortgage-backed, and asset-backed................................... 7,023 Other.......................................................................... 3,358 -------- 101,739 Securities received as collateral, net of securities pledged as collateral..... 6,106 -------- Total.......................................................................... 107,845 -------- SECURITIES PLEDGED AS COLLATERAL............................................... 8,184 -------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $48)...................... 29,559 Brokers and dealers............................................................ 8,872 Interest and other............................................................. 9,278 -------- Total.......................................................................... 47,709 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES.......................................... 4,485 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $124)......... 7,687 OTHER INVESTMENTS.............................................................. 2,590 EQUIPMENT AND FACILITIES (net of accumulated depreciation and amortization of $3,482).................. 2,761 GOODWILL (net of accumulated amortization of $338)............................. 5,364 OTHER ASSETS................................................................... 1,741 -------- TOTAL ASSETS................................................................... $299,804 ========
6 EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET, continued (dollars in millions, except per share amount)
DECEMBER 25, 1998 - -------------------------------------------------------- ------------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS.................................... $ 67,127 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS........ 18,679 -------- DEMAND AND TIME DEPOSITS................................ 13,744 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements.................................. 23,840 Equities and convertible debentures..................... 21,558 U.S. Government and agencies............................ 7,939 Non-U.S. governments and agencies....................... 7,245 Corporate debt and preferred stock...................... 2,878 Other................................................... 254 -------- Total................................................... 63,714 -------- OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL.. 14,290 -------- OTHER PAYABLES Customers............................................... 20,972 Brokers and dealers..................................... 7,899 Interest and other...................................... 18,738 -------- Total................................................... 47,609 -------- LIABILITIES OF INSURANCE SUBSIDIARIES................... 4,319 LONG-TERM BORROWINGS.................................... 57,563 -------- TOTAL LIABILITIES....................................... 287,045 -------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES............. 2,627 -------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY.......................... 425 -------- COMMON STOCKHOLDERS' EQUITY Shares exchangeable into common stock................... 66 Common stock (par value $1.33 1/3 per share; authorized: 1,000,000,000 shares; issued: 472,660,324 shares)........................... 630 Paid-in capital......................................... 1,427 Accumulated other comprehensive loss (net of tax)....... (122) Retained earnings....................................... 10,475 -------- 12,476 Less: Treasury stock, at cost (116,376,259 shares)...... 2,101 Employee stock transactions....................... 668 -------- TOTAL COMMON STOCKHOLDERS' EQUITY....................... 9,707 -------- TOTAL STOCKHOLDERS' EQUITY.............................. 10,132 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY................. $299,804 ========
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