EXHIBIT 99.5
LEHMAN BROTHERS HOLDINGS INC.
SELECTED STATISTICAL INFORMATION
(Preliminary and Unaudited)
(Dollars in millions, except per share data)
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Quarters Ended
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5/31/00 2/29/00 11/30/99 8/31/99 5/31/99 2/28/99
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Income Statement
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Net Revenues $1,755 $2,202 $1,411 $1,356 $1,455 $1,118
Non-Interest Expenses:
Compensation and Benefits 912 1,145 715 688 738 567
Nonpersonnel Expenses 285 263 258 251 251 242
Net Income 378 541 301 290 330 211
Net Income Applicable to
Common Stock 366 482 292 279 268 198
Earnings per Common Share
Basic $2.97 $3.92 $2.41 $2.30 $2.19 $1.62
Diluted $2.78 $3.69 $2.28 $2.20 $2.09 $1.57
Financial Ratios (%)
Return on Common Equity
(annualized) (a) 24.0 36.8 21.6 22.1 26.3 17.2
Return on Common Equity
(annualized) (b) 24.0 33.3 21.6 22.1 22.1 17.2
Pretax Operating Margin 31.8 36.1 31.1 30.8 32.0 27.6
Compensation & Benefits/
Net Revenues 52.0 52.0 50.7 50.7 50.7 50.7
Effective Tax Rate 29.7 30.1 28.0 27.0 27.0 31.0
Balance Sheet
Total Assets $234,000 $214,000 $192,244 $202,149 $191,543 $179,305
Total Assets Excluding Matched Book (c) 152,000 137,000 130,022 136,106 128,822 121,881
Common Stockholders' Equity 6,246 5,986 5,595 5,192 4,935 4,731
Total Stockholders' Equity + Trust Preferred
Securities 7,806 7,296 6,993 6,660 6,453 5,964
Total Capital (d) 41,383 39,610 37,684 36,517 34,915 32,682
Book Value per Common Share (e) 51.19 48.79 45.50 42.91 40.58 38.72
Other Data (#s)
Employees 9,343 9,026 8,893 8,729 8,511 8,695
Common Stock Outstanding 121,708,431 120,150,218 119,912,810 120,070,089 119,700,830 118,977,746
Average Shares
Basic 123,172,650 123,027,441 120,761,065 121,317,358 122,144,018 121,942,892
Diluted (f) (g) 132,632,845 131,205,984 128,994,372 129,063,197 130,364,705 125,776,277
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(a) Return on common equity calculated using net income before adjusting for
special preferred dividends.
(b) Return on common equity calculated using net income after adjusting for
special preferred dividends.
(c) Matched book is defined as the lower of securities purchased under
agreements to resell or securities sold under agreements to repurchase.
(d) Total capital includes long-term debt, Trust Preferred Securities and
stockholders' equity.
(e) This calculation includes restricted stock units granted under the Lehman
Stock Award Programs included in stockholders' equity.
(f) For the quarters ended November 30, August 31 and May 31, 1999, the assumed
conversion of Series A and B Convertible Preferred Stock into 2,118,396,
2,607,680 and 2,912,505 common shares had the effect of decreasing diluted
earnings per share by $0.01. For the year ended November 30, 1999 the
assumed conversion of Series A and B Convertible Preferred Stock into
2,779,737 common shares had the effect of decreasing diluted earnings per
share by $0.04.
(g) For the quarters ended May 31, and February 29, 2000, the assumed
conversion of Series A and B convertible Preferred Stock into 1,219,188 and
1,219,302 common shares had the effect of decreasing diluted earnings per
share by $0.01 and $0.02.
