EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
MARCH 31,
(dollars in millions) 2000
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ASSETS
CASH AND CASH EQUIVALENTS....................................................... $ 9,738
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS...................................... 6,077
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RECEIVABLES UNDER RESALE AGREEMENTS AND SECURITIES BORROWED TRANSACTIONS........ 117,147
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MARKETABLE INVESTMENT SECURITIES................................................ 13,030
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TRADING ASSETS, AT FAIR VALUE
Equities and convertible debentures............................................. 27,011
Corporate debt and preferred stock.............................................. 22,075
Contractual agreements.......................................................... 21,614
U.S. Government and agencies.................................................... 14,323
Non-U.S. governments and agencies............................................... 10,309
Mortgages, mortgage-backed, and asset-backed.................................... 7,554
Municipals and money markets.................................................... 2,815
--------
105,701
Securities received as collateral, net of securities pledged as collateral...... 12,364
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Total........................................................................... 118,065
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SECURITIES PLEDGED AS COLLATERAL................................................ 9,031
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OTHER RECEIVABLES
Customers (net of allowance for doubtful accounts of $63)....................... 45,902
Brokers and dealers............................................................. 8,740
Interest and other.............................................................. 7,673
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Total........................................................................... 62,315
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INVESTMENTS OF INSURANCE SUBSIDIARIES........................................... 4,087
LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $170).......... 11,308
OTHER INVESTMENTS............................................................... 3,363
EQUIPMENT AND FACILITIES
(net of accumulated depreciation and amortization of $4,223).................. 3,152
GOODWILL (net of accumulated amortization of $591).............................. 4,845
OTHER ASSETS.................................................................... 1,786
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TOTAL ASSETS.................................................................... $363,944
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EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
MARCH 31,
(dollars in millions, except per share amount) 2000
------------------------------------------------------------------------------ ---------
LIABILITIES
PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES
LOANED TRANSACTIONS.......................................................... $ 84,995
--------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.............................. 28,782
--------
DEMAND AND TIME DEPOSITS...................................................... 18,323
--------
TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements........................................................ 26,521
Equities and convertible debentures........................................... 22,404
U.S. Government and agencies.................................................. 13,968
Non-U.S. governments and agencies............................................. 8,066
Corporate debt, preferred stock, and other.................................... 4,384
--------
Total......................................................................... 75,343
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OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL........................ 21,395
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OTHER PAYABLES
Customers..................................................................... 25,161
Brokers and dealers........................................................... 12,632
Interest and other............................................................ 19,206
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Total......................................................................... 56,999
--------
LIABILITIES OF INSURANCE SUBSIDIARIES......................................... 4,038
LONG-TERM BORROWINGS.......................................................... 56,877
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TOTAL LIABILITIES............................................................. 346,752
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PREFERRED SECURITIES ISSUED BY SUBSIDIARIES................................... 2,725
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY................................................ 425
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COMMON STOCKHOLDERS' EQUITY
Shares exchangeable into common stock......................................... 44
Common stock, par value $1.33 1/3 per share;
authorized: 1,000,000,000 shares;
issued: 472,716,448 shares................. ................................ 630
Paid-in capital............................................................... 2,814
Accumulated other comprehensive loss (net of tax)............................. (388)
Retained earnings............................................................. 13,591
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16,691
Less: Treasury stock, at cost: 90,755,904 shares............................. 1,526
Employee stock transactions............................................. 1,123
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TOTAL COMMON STOCKHOLDERS' EQUITY............................................. 14,042
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TOTAL STOCKHOLDERS' EQUITY.................................................... 14,467
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY...................................... $363,944
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