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Previous: LEHMAN BROTHERS HOLDINGS INC, 8-K, EX-99.1, 2000-06-16 |
Next: LEHMAN BROTHERS HOLDINGS INC, 8-K, EX-99.3, 2000-06-16 |
EXHIBIT 99.2
LEHMAN BROTHERS HOLDINGS INC.
CONSOLIDATED STATEMENT OF INCOME
(Preliminary and Unaudited)
(In millions, except per share data)
<TABLE>
<CAPTION>
Three Months Ended
---------------------------------------- Percentage of
May 31 May 31 Dollar Change
2000 1999 Inc/(Dec)
-------------- ------------- -------------
Revenues:
<S> <C> <C> <C>
Principal transactions $ 870 $ 685
Investment banking 480 445
Commissions 226 168
Interest and dividends 4,738 3,627
Other 20 7
------- --------
Total revenues 6,334 4,932
Interest expense 4,579 3,477
----- -----
Net revenues 1,755 1,455 21%
----- -----
Non-interest expenses:
Compensation and benefits 912 738
Technology and communications 85 81
Brokerage and clearance fees 62 61
Business development 42 30
Professional fees 43 28
Occupancy 32 28
Other 21 23
------- ----
Total non-interest expenses 1,197 989 21%
----- ---
Income from operations before taxes and
dividends on trust preferred securities 558 466
Provision for income taxes 166 126
Dividends on trust preferred securities 14 10
------- -------
Net income $ 378 $ 330 15%
===== =====
Net income applicable to common stock $ 366 $ 268 37%
===== =====
Earnings per common share
Basic $2.97 $2.19
===== =====
Diluted $2.78 $2.09
===== =====
</TABLE>
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