PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
Published on February 24, 1998
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
DEC. 26,
ASSETS 1997
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CASH AND CASH EQUIVALENTS.................................. $ 5,032
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CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS.................. 12,384
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MARKETABLE INVESTMENT SECURITIES........................... 3,309
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TRADING ASSETS, AT FAIR VALUE
Corporate debt and preferred stock......................... 32,501
Equities and convertible debentures........................ 23,617
Contractual agreements..................................... 21,205
U.S. Government and agencies............................... 9,832
Non-U.S. governments and agencies.......................... 9,755
Mortgages, mortgage-backed, and asset-backed............... 7,312
Other...................................................... 2,556
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Total...................................................... 106,778
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RECEIVABLES UNDER RESALE AGREEMENTS........................ 70,262
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RECEIVABLES UNDER SECURITIES BORROWED TRANSACTIONS......... 35,366
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OTHER RECEIVABLES
Customers (net of allowance for doubtful accounts of $50).. 26,529
Brokers and dealers........................................ 5,100
Interest and other......................................... 8,114
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Total...................................................... 39,743
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INVESTMENTS OF INSURANCE SUBSIDIARIES...................... 4,833
LOANS, NOTES, AND MORTGAGES (net of allowance for
loan losses of $130)...................................... 4,310
OTHER INVESTMENTS.......................................... 1,826
PROPERTY, LEASEHOLD IMPROVEMENTS, AND EQUIPMENT
(net of accumulated depreciation and amortization
of $2,910)................................................ 2,074
GOODWILL (net of accumulated amortization of $131)......... 5,455
OTHER ASSETS............................................... 1,447
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TOTAL ASSETS............................................... $292,819
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EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
(Dollars in Millions, Except Per Share Amounts)
LIABILITIES, PREFERRED SECURITIES ISSUED BY DEC. 26,
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY 1997
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LIABILITIES
PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES
LOANED TRANSACTIONS................................. $ 77,875
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COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS..... 44,850
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TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements............................... 20,632
U.S. Government and agencies......................... 18,182
Equities and convertible debentures.................. 15,724
Non-U.S. governments and agencies.................... 9,720
Corporate debt, preferred stock, and other........... 5,818
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Total................................................ 70,076
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OTHER PAYABLES
Customers............................................ 16,519
Brokers and dealers.................................. 4,112
Interest and other................................... 22,625
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Total................................................ 43,256
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LIABILITIES OF INSURANCE SUBSIDIARIES................ 4,716
LONG-TERM BORROWINGS................................. 43,090
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TOTAL LIABILITIES.................................... 283,863
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PREFERRED SECURITIES ISSUED BY SUBSIDIARIES.......... 627
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STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY....................... 425
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COMMON STOCKHOLDERS' EQUITY
Common stock (par value $1.33 1/3 per share;
authorized: 500,000,000 shares;
issued: 472,660,324 shares)........................ 630
Paid-in capital...................................... 1,065
Accumulated other comprehensive income (net of tax).. (34)
Retained earnings.................................... 9,485
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11,146
Less:
Treasury stock, at cost (137,578,035 shares)... 2,804
Employee stock transactions.................... 438
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TOTAL COMMON STOCKHOLDERS' EQUITY.................... 7,904
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TOTAL STOCKHOLDERS' EQUITY........................... 8,329
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TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY
SUBSIDIARIES, AND STOCKHOLDERS' EQUITY............. $292,819
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