EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
Mar. 29,
(dollars in millions) 2002
------------------------------------------------------------------------------- ---------
ASSETS
CASH AND CASH EQUIVALENTS....................................................... $ 14,036
---------
CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES
OR DEPOSITED WITH CLEARING ORGANIZATIONS................................... 5,702
---------
SECURITIES FINANCING TRANSACTIONS
Receivables under resale agreements........................................... 70,764
Receivables under securities borrowed transactions............................ 60,053
---------
130,817
---------
MARKETABLE INVESTMENT SECURITIES................................................ 72,379
---------
TRADING ASSETS, AT FAIR VALUE
Contractual agreements........................................................ 27,456
Corporate debt and preferred stock............................................ 17,863
Equities and convertible debentures........................................... 11,849
Mortgages, mortgage-backed, and asset-backed.................................. 13,205
U.S. Government and agencies.................................................. 10,074
Municipals and money markets.................................................. 3,277
Non-U.S. governments and agencies............................................. 5,701
---------
89,425
---------
SECURITIES PLEDGED AS COLLATERAL................................................ 11,489
---------
SECURITIES RECEIVED AS COLLATERAL............................................... 2,952
---------
OTHER RECEIVABLES
Customers (net of allowance for doubtful accounts of $69)..................... 40,344
Brokers and dealers........................................................... 12,520
Interest and other............................................................ 8,421
---------
61,285
---------
INVESTMENTS OF INSURANCE SUBSIDIARIES........................................... 3,953
LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $479).......... 21,603
OTHER INVESTMENTS............................................................... 6,107
EQUIPMENT AND FACILITIES (net of accumulated depreciation and
amortization of $4,347)..................................................... 3,069
GOODWILL (net of accumulated amortization of $914).............................. 3,999
OTHER ASSETS.................................................................... 2,351
---------
TOTAL ASSETS.................................................................... $ 429,167
=========
6
EXHIBIT 99(i)
MERRILL LYNCH & CO., INC. AND SUBSIDIARIES
PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET
Mar. 29,
(dollars in millions, except per share amount) 2002
----------------------------------------------------------------------------- ---------
LIABILITIES
SECURITIES FINANCING TRANSACTIONS
Payables under repurchase agreements........................................ $ 85,516
Payables under securities loaned transactions............................... 10,150
---------
95,666
---------
COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.............................. 4,593
---------
DEPOSITS...................................................................... 85,884
---------
TRADING LIABILITIES, AT FAIR VALUE
Contractual agreements...................................................... 32,138
U.S. Government and agencies................................................ 18,860
Equities and convertible debentures......................................... 11,313
Non-U.S. governments and agencies........................................... 8,466
Corporate debt, municipals, and preferred stock............................. 5,123
---------
75,900
---------
OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL........................ 2,952
---------
OTHER PAYABLES
Customers................................................................... 29,693
Brokers and dealers......................................................... 11,096
Interest and other.......................................................... 18,867
---------
59,656
---------
LIABILITIES OF INSURANCE SUBSIDIARIES......................................... 3,691
---------
LONG-TERM BORROWINGS.......................................................... 77,267
---------
TOTAL LIABILITIES............................................................. 405,609
---------
PREFERRED SECURITIES ISSUED BY SUBSIDIARIES................................... 2,652
---------
STOCKHOLDERS' EQUITY
PREFERRED STOCKHOLDERS' EQUITY (42,500 shares issued and outstanding,
liquidation preference $10,000 per share).................................. 425
---------
COMMON STOCKHOLDERS' EQUITY
Shares exchangeable into common stock....................................... 62
Common stock, par value $1.33 1/3 per share;
authorized: 3,000,000,000 shares;
issued: 971,745,911 shares................................................. 1,295
Paid-in capital............................................................. 5,184
Accumulated other comprehensive loss (net of tax)........................... (401)
Retained earnings........................................................... 16,649
---------
22,789
Less: Treasury stock, at cost: 115,699,188 shares............................ 986
Unamortized employee stock grants....................................... 1,322
---------
TOTAL COMMON STOCKHOLDERS' EQUITY............................................. 20,481
---------
TOTAL STOCKHOLDERS' EQUITY.................................................... 20,906
---------
TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES,
AND STOCKHOLDERS' EQUITY...................................................... $ 429,167
=========
7