|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CHITTENDEN CORP /VT/, 8-K, 1997-04-25 |
Next: COMPOSITE TAX EXEMPT BOND FUND INC, 485BPOS, 1997-04-25 |
FORM 10-Q
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Mark One)
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly periods ended
March 31, 1996, June 30, 1996 and September 30, 1996
and
March 31, 1995, June 30, 1995 and September 30, 1995
or
[] Transition Report Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934 for the transition period from _____to_____
Commission File Number 1-4346
Salomon Inc
(Exact name of registrant as specified in its charter)
Delaware 22-1660266
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
Seven World Trade Center, New York, New York 10048
(Address of principal executive offices) (Zip Code)
Registrant's telephone,number, including area code: (212) 783-7000
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
<PAGE>
<TABLE>
Salomon Inc
Form 10-Q/A
<CAPTION>
<S> <C>
OTHER INFORMATION
Item 6. Exhibits filed herewith: Page
27(A) Restated Financial Data Schedule -
March 31, 1996, June 30, 1996 and September 30, 1996 5
27(B) Restated Financial Data Schedule -
March 31, 1995, June 30, 1995 and September 30, 1995 6
SIGNATURES 4
</TABLE>
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Salomon Inc
(Registrant)
Date April 25, 1997 /s/ Richard Carbone
Controller and Chief
Accounting Officer
Date April 25, 1997 /s/ Arnold S. Olshin
Secretary
<TABLE> <S> <C>
<ARTICLE> BD
<LEGEND>
EXHIBIT 27(A)(F3)
THE SCHEDULE CONTAINS CERTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE COMPANY'S 1996 FORM 10-QS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C> <C>
<MULTIPLIER> 1,000,000
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1996 DEC-31-1996 DEC-31-1996
<PERIOD-END> SEP-30-1996 <F3> JUN-30-1996 <F3> MAR-31-1996 <F3>
<CASH> 1,620 1,813 2,163
<RECEIVABLES> 4,895 4,570 5,861
<SECURITIES-RESALE> 61,652 56,011 56,857
<SECURITIES-BORROWED> 14,647 15,638 11,947
<INSTRUMENTS-OWNED> 105,698 100,830 104,121
<PP&E> 1,350 1,347 1,339
<TOTAL-ASSETS> 190,987 181,445 185,341
<SHORT-TERM> 6,276 5,290 6,251
<PAYABLES> 10,173 8,655 8,932
<REPOS-SOLD> 78,251 75,353 75,742
<SECURITIES-LOANED> 1,603 1,052 1,036
<INSTRUMENTS-SOLD> 75,553 71,703 72,949
<LONG-TERM> 13,032 13,509 13,075
560 560 560
450 562 562
<COMMON> 156 156 156
<OTHER-SE> 4,185 4,110 3,905
<TOTAL-LIABILITY-AND-EQUITY> 190,987 181,445 185,341
<TRADING-REVENUE> 307 584 651
<INTEREST-DIVIDENDS> 1,366 1,436 1,572
<COMMISSIONS> 69 75 90
<INVESTMENT-BANKING-REVENUES> 187 251 181
<FEE-REVENUE> 56 11 11
<INTEREST-EXPENSE> 1,132 1,134 1,267
<COMPENSATION> 441 546 550
<INCOME-PRETAX> 232 497 516
<INCOME-PRE-EXTRAORDINARY> 140 <F1> 298 <F1> 310 <F1>
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 112 <F1> 291 <F1> 276 <F1>
<EPS-PRIMARY> $0.88 <F2> $2.58 <F2> $2.44 <F2>
<EPS-DILUTED> $0.85 <F2> $2.34 <F2> $2.21 <F2>
<FN>
<F1>
DISCONTINUED OPERATIONS:
Income (loss) from discontinued
operations, net of taxes (28) (7) (34)
<F2>
CONTINUING OPERATIONS:
Primary earnings (loss)
per common share $1.15 $2.65 $2.75
Fully diluted earnings (loss)
per common share $1.08 $2.40 $2.49
<F3> Income Statement items have been restated for prior periods to conform to year-end 1996 presentation.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> BD
<LEGEND>
EXHIBIT 27(B)(F3)
THE SCHEDULE CONTAINS CERTAIN SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE COMPANY'S 1995 FORM 10-QS AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C> <C> <C>
<PERIOD-TYPE> 3-MOS 3-MOS 3-MOS
<FISCAL-YEAR-END> DEC-31-1995 DEC-31-1995 DEC-31-1995
<PERIOD-END> SEP-30-1995 <F3> JUN-30-1995 <F3> MAR-31-1995<F3>
<CASH> 1,920 2,444 1,580
<RECEIVABLES> 4,531 5,376 8,397
<SECURITIES-RESALE> 43,497 37,577 37,009
<SECURITIES-BORROWED> 14,698 14,211 18,876
<INSTRUMENTS-OWNED> 93,253 99,116 93,946
<PP&E> 1,318 1,279 1,238
<TOTAL-ASSETS> 162,586 163,693 164,956
<SHORT-TERM> 5,132 8,878 9,090
<PAYABLES> 9,430 7,782 8,487
<REPOS-SOLD> 77,817 81,089 79,609
<SECURITIES-LOANED> 1,288 1,644 1,608
<INSTRUMENTS-SOLD> 48,363 42,371 43,397
<LONG-TERM> 13,341 14,799 15,239
700 700 700
312 312 312
<COMMON> 156 156 156
<OTHER-SE> 3,531 3,302 3,387
<TOTAL-LIABILITY-AND-EQUITY> 162,586 163,693 164,956
<TRADING-REVENUE> 691 (252) 370
<INTEREST-DIVIDENDS> 1,610 1,944 1,609
<COMMISSIONS> 82 81 89
<INVESTMENT-BANKING-REVENUES> 128 154 22
<FEE-REVENUE> 16 9 12
<INTEREST-EXPENSE> 1,348 1,546 1,319
<COMPENSATION> 550 318 424
<INCOME-PRETAX> 448 (100) 185
<INCOME-PRE-EXTRAORDINARY> 274 <F1> (60) <F1> 112 <F1>
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> 268 <F1> (60) <F1> 81 <F1>
<EPS-PRIMARY> $2.36 <F2> $(0.73) <F2> $0.59 <F2>
<EPS-DILUTED> $2.10 <F2> $(0.73) <F2> $0.59 <F2>
<FN>
<F1>
DISCONTINUED OPERATIONS:
Income (loss) from discontinued
operations, net of taxes (6) 0 (31)
<F2>
CONTINUING OPERATIONS:
Primary earnings (loss)
per common share $2.41 $(0.73) $0.88
Fully diluted earnings (loss)
per common share $2.15 $(0.73) $0.85
<F3> Income Statement items have been restated for prior periods to conform to year-end 1996 presentation.
</FN>
</TABLE>
|
|