-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, eoqpM/nZ50AHb0gcN6kwu1CCsZHIrOWpbGWhTXS1DYKexFPRZjcQb1gitfA+9U4A DETTpS0Q3JR+YGzVz7UqYw== 0000014272-94-000010.txt : 19940711 0000014272-94-000010.hdr.sgml : 19940711 ACCESSION NUMBER: 0000014272-94-000010 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19931231 FILED AS OF DATE: 19940629 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRISTOL MYERS SQUIBB CO CENTRAL INDEX KEY: 0000014272 STANDARD INDUSTRIAL CLASSIFICATION: 2834 IRS NUMBER: 220790350 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01136 FILM NUMBER: 94536883 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 2125464000 FORMER COMPANY: FORMER CONFORMED NAME: BRISTOL MYERS CO DATE OF NAME CHANGE: 19891012 11-K 1 FORM 11-K FY ENDED 12/31/93 - PUERTO RICO SAVINGS PROGRAM SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K [ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED] For the fiscal year ended December 31, 1993 [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED] For the transition period from to ------------- ------------- COMMISSION FILE NUMBER 1-1136 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: BRISTOL-MYERS SQUIBB COMPANY 345 PARK AVENUE NEW YORK, NY 10154 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM INDEX TO FINANCIAL STATEMENTS AND SCHEDULE DECEMBER 31, 1993 Page No. ----------- Required Information F-2 Signature F-3 Report of Independent Accountants F-4 Statement of Net Assets - December 31, 1993 and 1992 F-5 to F-6 Statement of Changes in Net Assets - For the Years Ended December 31, 1993 and 1992 F-7 to F-8 Notes to Financial Statements F-9 to F-14 Schedule I - Schedule of Investments S-1 Schedule II - Schedule of Reportable Transactions S-2 to S-3 Exhibit A - Consent of Independent Accountants E-1 F-1 REQUIRED INFORMATION 1. The Financial Statements and Schedules of the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program prepared in accordance with the financial reporting requirements of the Employee Retirement Income Security Act of 1974, as amended. Exhibit A. Consent of Price Waterhouse, Independent Accountants. F-2 SIGNATURE The Program - - ----------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Bristol-Myers Squibb Company Savings Plan Committee has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized. BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM Date: June 29, 1994 By: /s/ Michael F. Mee --------------------- --------------------------------- Michael F. Mee Senior Vice President and Chief Financial Officer Chairman, Bristol-Myers Squibb Company Savings Plan Committee F-3 To the Participants of the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program and the Savings Plan Committee of Bristol-Myers Squibb Company Report of Independent Accountants --------------------------------- In our opinion, the financial statements listed in the accompanying index present fairly, in all material respects, the net assets of the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program (the "Program") at December 31, 1993 and 1992, and the changes in the Program's net assets for the years then ended, in conformity with generally accepted accounting principles. These financial statements are the responsibility of the plan administrator; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance with generally accepted auditing standards which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by the plan administrator, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The additional information included in Schedules I and II, although required by ERISA, is presented for purposes of additional analysis and is not a required part of the basic financial statements. The information in Schedules I and II has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. /s/ PRICE WATERHOUSE - - ---------------------------- PRICE WATERHOUSE New York, New York June 8, 1994 F-4 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM STATEMENT OF NET ASSETS DECEMBER 31, 1993
Company Diversified Fixed Income Total Stock Fund Equity Fund Fund ----------- ----------- ----------- ------------ Assets: Investments, at fair value (Notes 1 and 2): Interest in Master Trust (Note 6) $11,081,208 $10,515,837 $565,371 - John Hancock Mutual Life Annuity Contract 7111 1,129,568 - - $1,129,568 New York Life Annuity Contract 06607 2,088,793 - - 2,088,793 New York Life Annuity Contract 05833 786,593 - - 786,593 New York Life Annuity Contract 06252 1,216,357 - - 1,216,357 ----------- ----------- -------- ---------- Total investments 16,302,519 10,515,837 565,371 5,221,311 Contributions receivable: Participants 302,894 123,988 14,176 164,730 Employer 153,324 152,404 45 875 Inter-fund transfers receivable (payable) - 51,759 450 (52,209) Interest receivable 11 - - 11 ----------- ----------- -------- ---------- Total assets 16,758,748 10,843,988 580,042 5,334,718 Less: Withdrawals and distributions payable 555,826 310,551 18,442 226,833 ----------- ----------- -------- ---------- Net assets $16,202,922 $10,533,437 $561,600 $5,107,885 =========== =========== ======== ========== Number of units 6,219,458 283,757 2,898,770 ========= ======= ========= Net asset value per unit $1.69 $1.98 $1.76 ===== ===== =====
The accompanying notes are an integral part of these financial statements. F-5 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM STATEMENT OF NET ASSETS DECEMBER 31, 1992
Company Diversified Fixed Income Total Stock Fund Equity Fund Fund ---------- ---------- ----------- ------------ Assets: Investments, at fair value (Notes 1 and 2): Interest in Master Trust (Note 6) $10,230,701 $9,799,175 $431,526 - New York Life Annuity Contract 06252 1,601,197 - - $1,601,197 New York Life Annuity Contract 06607 1,607,865 - - 1,607,865 Massachusetts Mutual Life Annuity Contract 5639 515,512 - - 515,512 New York Life Annuity Contract 05833 1,027,008 - - 1,027,008 ----------- ---------- -------- ---------- Total investments 14,982,283 9,799,175 431,526 4,751,582 Contributions receivable: Participants 284,152 126,130 10,465 147,557 Employer 150,843 150,275 74 494 Inter-fund transfers receivable (payable) - (3,174) - 3,174 ----------- ---------- -------- ---------- Total assets 15,417,278 10,072,406 442,065 4,902,807 Less: Withdrawals and distributions payable 346,351 176,624 7,570 162,157 ----------- ---------- -------- ---------- Net assets $15,070,927 $9,895,782 $434,495 $4,740,650 =========== ========== ======== ========== Number of units 5,270,378 236,188 2,908,526 ========== ======== ========== Net asset value per unit $1.88 $1.84 $1.63 ===== ===== =====
The accompanying notes are an integral part of these financial statements. F-6 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 1993
Company Diversified Fixed Income Total Stock Fund Equity Fund Fund ----------- ----------- ----------- ------------ Net assets, January 1, 1993 $15,070,927 $ 9,895,782 $434,495 $4,740,650 Inter-fund transfers - (127,457) 13,595 113,862 Contributions (Notes 1 and 3): Participants 3,676,531 1,789,618 145,496 1,741,417 Employer 1,453,740 1,451,801 301 1,638 ----------- ----------- -------- ---------- 5,130,271 3,241,419 145,797 1,743,055 ----------- ----------- -------- ---------- Investment income: Program's share of earnings and net realized and unrealized (losses)/gains of interest in Master Trust (Notes 1, 2 and 6) (867,081) (913,667) 46,586 - Interest from insurance annuity contracts 392,910 - - 392,910 ----------- ----------- -------- ---------- (474,171) (913,667) 46,586 392,910 ----------- ----------- -------- ---------- Withdrawals and distributions to participants (Notes 1, 3 and 4) (3,524,105) (1,562,640) (78,873) (1,882,592) ----------- ----------- -------- ----------- Net assets, December 31, 1993 $16,202,922 $10,533,437 $561,600 $5,107,885 =========== =========== ======== ===========
The accompanying notes are an integral part of these financial statements. F-7 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM STATEMENT OF CHANGES IN NET ASSETS FOR THE YEAR ENDED DECEMBER 31, 1992
Company Diversified Fixed Income Total Stock Fund Equity Fund Fund ----------- ----------- ----------- ------------ Net assets, January 1, 1992 $15,021,697 $10,313,747 $345,522 $4,362,428 Consolidation of the Concept, Inc. Employees' Savings Plan and Trust into the Bristol- Myers Squibb Puerto Rico, Inc. Savings and Investment Program (Note 1) 104,957 38,612 16,548 49,797 Inter-fund transfers - (20,327) (1,190) 21,517 Contributions (Notes 1 and 3): Participants 3,218,551 1,635,537 94,710 1,488,304 Employer 1,741,122 1,741,884 (348) (414) ---------- --------- -------- ---------- 4,959,673 3,377,421 94,362 1,487,890 ---------- --------- -------- ---------- Investment income: Program's share of earnings and net realized and unrealized (losses)/gains of interest in Master Trust (Notes 1, 2 and 6) (2,253,904) (2,284,374) 30,470 - Interest from insurance annuity contracts 394,863 - - 394,863 ----------- ----------- -------- ----------- (1,859,041) (2,284,374) 30,470 394,863 ----------- ----------- -------- ----------- Withdrawals and distributions to participants (Notes 1, 3 and 4) (3,156,359) (1,529,297) (51,217) (1,575,845) ----------- ----------- -------- ----------- Net assets, December 31, 1992 $15,070,927 $9,895,782 $434,495 $4,740,650 =========== =========== ======== ===========
The accompanying notes are an integral part of these financial statements. F-8 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM NOTES TO FINANCIAL STATEMENTS NOTE 1 - DESCRIPTION OF THE PLAN - - -------------------------------- General - - ------- The Bristol-Myers Puerto Rico, Inc. Savings Plan (the "Plan") became effective on July 1, 1986. Bankers Trust Company was appointed the trustee under the terms of a Trust Agreement with Chase Manhattan Bank as co-trustee. Effective January 1, 1991, the name of the Plan was changed to the Bristol-Myers Squibb Puerto Rico, Inc. Savings Plan (the "Savings Plan"). Effective January 1, 1991, The Northern Trust Company was appointed trustee (the "Trustee") of the Savings Plan under the terms of a new Trust Agreement (the "Trust"), replacing Bankers Trust Company, with Chase Manhattan Bank remaining as co-trustee. The net assets of the Savings Plan were then transferred to the Trustee. Effective January 1, 1992, the name of the Savings Plan was changed to the Bristol-Myers Squibb Puerto Rico, Inc. Savings and Investment Program (the "Program"). Simultaneously, the Program was amended to permit participant contributions on a pre-tax basis under Section 401(k) of the Internal Revenue Code and Section 165(e) of the Puerto Rico Income Tax Act of 1954 and to permit the adoption of the Program by Zimmer Caribe, Inc. employees. The Program was further amended and consolidated to integrate and merge a portion of the Concept, Inc. Employees' Savings Plan and Trust that was maintained for the benefit of certain employees and former employees of Concept Puerto Rico into the Program and to permit adoption of the Program by the employees of Xomed-Treace, P.R., Inc. The net assets attributable to the Concept, Inc. Employees' Savings Plan and Trust participants, amounting to $104,957, were transferred at the December 31, 1991 market values into the Program. The Program operates within a master trust (the "Master Trust"), which consolidates the assets of the Program with those of the Bristol-Myers Squibb Company Savings and Investment Program (the "Savings Program"), the Bristol-Myers Squibb Company Employee Incentive Thrift Plan (the "Thrift Plan"), the Drackett/Bristol-Myers Squibb Employees' Pension Plan and certain assets of the Bristol-Myers Squibb Pension Trust Plans. The assets of the Savings Program, the Thrift Plan and the Company Stock and Diversified Equity Funds of the Program (collectively the "Savings Plans") are not commingled with the assets of the pension plans and the Fixed Income Fund of the Program. For purposes of the Program's financial statements, Note 6 only includes the interest of the Savings Plans. The Program is administered by an Administrative Committee appointed by the Board of Directors of Bristol-Myers Squibb Puerto Rico, Inc. (the "Company"). F-9 Contributions - - ------------- In general, any employee who meets certain service requirements is eligible to participate in the Program. Participants of the Program can elect to contribute up to 16% of their annual salaries or wages. For each participant, the first 6% of total contributions is matched 75% by the Company. Participant contributions may be invested, as directed by the participant, in any one or equally in any two or more of the following funds: the Company Stock Fund, the Diversified Equity Fund and the Fixed Income Fund. Company matching contributions are automatically invested in the Company Stock Fund. These contributions may not be transferred out of the Company Stock Fund unless the participant is 55 years old or older. If the participant is 55 years old or older, he or she may elect to have the investment of Company matching contributions follow the participant contribution investment direction. Effective January 1, 1992, with the establishment of the pre-tax provision, participants can elect to contribute up to 16% of their annual salaries or wages on an after-tax basis or reduce their compensation by up to the lesser of $7,000 or 10% and have such amount contributed on their behalf on a pre-tax basis. Participants may also elect a combination of contributions up to a combined total on both an after-tax and a pre-tax basis of 16%. Investments - - ----------- The contributions of participants and the Company are remitted monthly to the Trustee. Each participant must direct that his or her contributions be invested in one or more of the three funds of the Program. The three funds under the Program are: Company Stock Fund - Consists of Common Stock of Bristol-Myers Squibb Company which, to the extent required by law, are registered for the purpose of the Program with the United States Securities and Exchange Commission. From time-to-time, the Program may invest in U.S. Government obligations or other investments of a short-term nature which will ultimately be used for the purchase of shares of Common Stock of Bristol-Myers Squibb Company. Diversified Equity Fund - Consists of participating units of an S&P 500 Equity Index Fund (the "Index Fund") managed by Bankers Trust Company. The Index Fund includes the common stock of those companies included in the S&P 500, including Bristol-Myers Squibb Company and its subsidiaries. Also included within this fund are investments in U.S. Government obligations or other investments of a short-term nature and investments in any commingled trusts established and maintained by the Trustee, for the investment of funds of trusts of profit sharing and pension plans, which trusts are exempt from tax under Section 501(a) of the Internal Revenue Code, as the Trustee in its discretion may choose. F-10 Fixed Income Fund - Consists of a group of annuity contracts (the "Contracts") issued by John Hancock Mutual Life Insurance Company ("John Hancock") and New York Life Insurance Company ("New York Life") to the Trustee of the Program under which the insurance companies provide a guarantee of principal and credit interest monthly at a guaranteed rate. According to the terms of the Contracts, the effective annual rate is 6.00% for the John Hancock Mutual Life contract and 9.70%, 8.80% and 7.30%, respectively, for the three New York Life contracts. The guarantee expiration dates are July 31, 1998 for the John Hancock contract and July 31 of 1994, 1996, and 1997 for the New York Life contracts. As a result of the January 1, 1992 merger of the Concept, Inc. Employees' Savings Plan and Trust and the adoption of the Program by Zimmer Caribe, Inc. and Xomed-Treace, P.R., Inc. employees, 72 participants began contributing to the Program. At December 31, 1993 and 1992, 2,004 and 2,087 participants were contributing to the Program, respectively. Withdrawals - - ----------- While remaining in employment, a participant may withdraw all or part of the cash value of all units attributable to contributions made subject to certain restrictions of the Program. Termination of employment - - ------------------------- Upon the termination of a participant's employment, the participant, or in the event of his or her death, the participant's spouse or designated beneficiary, may, under varying circumstances, receive (1) a lump sum payment, (2) installment payments over a period not to exceed the joint life expectancy of the participant and the participant's spouse (five years if payment is by reason of death) or (3) an annuity. In each case the payment will be based on the vested value in the respective funds allocated to the participant. A participant vests in Company contributions at the rate of 20% for each year of qualifying service so that after five years of qualifying service he or she is 100% vested. Upon death or normal retirement, a participant will become 100% vested regardless of his or her years of qualifying service. Participants who return to work for the Company who were partially or fully vested will be reinstated to their previous level of vesting and may immediately enroll in the Program. NOTE 2 - ACCOUNTING POLICIES - - ---------------------------- Valuation - - --------- Securities traded on a national securities exchange are valued at their last reported sales price at the end of the year or, if there was not a sale that day, the last reported bid price. Securities traded in the over-the-counter market are valued at the last reported bid price at the end of the year. The group annuity contracts in the Fixed Income Fund are valued at cost plus interest earned. The proportionate interest of the Program's assets of the Funds in the Master Trust is determined by the Trustee. The Program's interest consists of the dollar amount of collective participant ownership interest held. F-11 Income, expenses and realized and unrealized gains and losses on securities - - --------------------------------------------------------------------------- Income, expenses and realized and unrealized gains and losses from participation in the Master Trust are apportioned to the Program based on the dollar amount of ownership interest held at the end of each month. Interest is accrued as earned, and dividends are recorded on the ex-dividend date. Realized gains and losses for securities sold are recorded on the trade date and are determined using the average cost method. Unrealized gains and losses represent the difference between the cost and fair value of securities. All expenses of administering the Program, including the fees and expenses of the Trustee, are borne by the Company. NOTE 3 - TERMINATION FORFEITURES - - -------------------------------- Forfeitures of amounts contributed by the Company due to terminations, net of amounts reinstated, are reported as reductions of Company contributions. Forfeitures for the years ended December 31, 1993 and 1992 were: Fund 1993 1992 ------------------- ------- ------- Company Stock $37,173 $35,876 Diversified Equity 623 1,359 Fixed Income 2,566 2,252 ------- ------- $40,362 $39,487 ======= ======= NOTE 4 - INCOME TAXES - - --------------------- In the Program's latest determination letter, the Internal Revenue Service and the Puerto Rico Department of Treasury stated that the Program, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code and the Puerto Rico Income Tax Act of 1954, respectively. The Program has been amended since receiving the determination letter. However, the plan administrator believes that the Program is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code and the Puerto Rico Income Tax Act of 1954. Therefore, the plan administrator believes that the Program was qualified and the related Trust was tax-exempt as of December 31, 1993. Under present U.S. and Puerto Rico income tax laws and regulations, a participant will not be subject to income taxes on the contributions by the employing company, or on the interest, dividends or profits on the sale of securities received by the Trustee until the participant's account is distributed to the participant. NOTE 5 - TERMINATION OF THE PROGRAM - - ----------------------------------- Although the Company has not expressed any intent to terminate the Program, it may do so at any time. If the Program is terminated, the interest of each participant in all funds will vest immediately. F-12 NOTE 6 - MASTER TRUST STATEMENTS - - -------------------------------- At December 31, 1993 and 1992, the net assets of the Master Trust relating to the Savings Plans were as follows ($000 Omitted):
December 31, -------------------------------------------------- 1993 1992 ----------------------- ----------------------- Company Diversified Company Diversified Stock Fund Equity Fund Stock Fund Equity Fund ---------- ----------- ---------- ----------- Investments, at fair value $696,038 $188,438 $761,150 $158,534 Interest receivable 124 21 153 16 Receivable from sale of securities 2,300 - - - Payable for purchase of securities (2,500) - (3,000) - -------- -------- -------- -------- Net assets $695,962 $188,459 $758,303 $158,550 ======== ======== ======== ======== Program's interest in net assets $10,516 $565 $9,799 $432 ======= ==== ====== ====
At December 31, 1993, the investments of the Master Trust relating to the Savings Plans were as follows ($000 Omitted): Principal amount or number of Market shares or units Company Stock Fund Cost Value - - ---------------- ------------------------------ --------- -------- Bristol-Myers Squibb Company 11,898,337 Common Stock $487,291 $691,591 Participation in COLTV Funds: $4,447 Short-Term Funds 4,447 4,447 -------- -------- Total Company Stock Fund $491,738 $696,038 ======== ======== Diversified Equity Fund ----------------------------- Bankers Trust Company S&P 500 189,671 Equity Index Fund $134,429 $187,518 $1 Bankers Trust Company Discretionary Cash Fund 1 1 Participation in COLTV Funds: $919 Short-Term Funds 919 919 -------- -------- Total Diversified Equity Fund $135,349 $188,438 ======== ======== F-13 At December 31, 1992, the investments of the Master Trust relating to the Savings Plans were as follows ($000 Ommitted): Principal amount or number of Market shares or units Company Stock Fund Cost Value - - ---------------- ------------------------------ -------- -------- Bristol-Myers Squibb Company 11,249,452 Common Stock $446,407 $757,932 Participation in COLTV Funds: $3,218 Short-Term Funds 3,218 3,218 -------- -------- Total Company Stock Fund $449,625 $761,150 ======== ======== Diversified Equity Fund ----------------------------- Bankers Trust Company S&P 500 176,646 Equity Index Fund $120,364 $158,499 Participation in COLTV Funds: $35 Short-Term Funds 35 35 -------- -------- Total Diversified Equity Fund $120,399 $158,534 ======== ======== For the years ended December 31, 1993 and 1992, the net investment (loss)/income of the Master Trust relating to the Savings Plans was as follows ($000 Omitted): For the Year Ended December 31, ----------------------------------------------- 1993 1992 ----------------------- ----------------------- Company Diversified Company Diversified Stock Fund Equity Fund Stock Fund Equity Fund ---------- ----------- ---------- ----------- Investment income: Interest $ 1,712 $ 226 $ 1,578 $ 209 Dividends 32,933 - 22,101 - --------- ------- -------- -------- 34,645 226 23,679 209 --------- ------- -------- -------- Net realized gain on securities sold or distributed: Proceeds 29,899 5,699 21,737 5,045 Cost 26,835 4,270 9,383 4,317 --------- ------- -------- -------- Net realized gain 3,064 1,429 12,354 728 --------- ------- -------- -------- Change in unrealized appreciation: Net appreciation at the end of the year 204,300 53,089 311,525 38,135 Net appreciation at the beginning of the year 311,525 38,135 538,155 27,488 --------- ------- ---------- -------- (107,225) 14,954 (226,630) 10,647 --------- ------- ---------- -------- Net investment (loss)/income $(69,516) $16,609 $(190,597) $ 11,584 ========= ======= ========== ======== Program's interest in net investment (loss)/income $(914) $47 $(2,285) $31 ====== === ======== === F-14 Schedule I BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SAVINGS AND INVESTMENT PROGRAM SCHEDULE OF INVESTMENTS DECEMBER 31, 1993 Market Fixed Income Fund Cost Value - - -------------------------------------------- ---------- ---------- Group Annuity Contract, NY Life Insurance Company 8.80% interest rate, maturing 7/31/96 (06252) $1,216,357 $1,216,357 Group Annuity Contract, NY Life Insurance Company 7.30% interest rate, maturing 7/31/97 (06607) 2,088,793 2,088,793 Group Annuity Contract, John Hancock Life Insurance Company, 6.00% interest rate, maturing 7/31/98 (7111) 1,129,568 1,129,568 Group Annuity Contract, NY Life Insurance Company 9.70% interest rate, maturing 7/31/94 (05833) 786,593 786,593 ---------- ---------- Total Fixed Income Fund $5,221,311 $5,221,311 ========== ========== S-1 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SCHEDULE II SAVINGS AND INVESTMENT PROGRAM SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1993
Aggregate Net Realized Number of Aggregate Proceeds Gain (Loss) Identity of Party Involved Description of Asset Transactions Purchases From Sale From Sale - - -------------------------- -------------------- ------------ --------- --------- ----------- Under Section 2520.103-6(c)(i) - - ------------------------------ None Under Section 2520.103-6(c)(ii) - - ------------------------------- None Under Section 2520.103-6(c)(iii) - - -------------------------------- The Northern Trust Company Collective Short-Term 28 3,003,421 - Investment Fund 26 3,003,421 - The Massachusetts Mutual Life Group Annuity Contract 8 24,845 - Insurance Company GIC 5639 14 540,357 - John Hancock Mutual Life Group Annuity Contract 15 1,238,641 - Insurance Company GAC 7111 9 109,074 - New York Life Insurance Group Annuity Contract 13 89,183 - Company GA 05833 23 329,598 -
S-2 BRISTOL-MYERS SQUIBB PUERTO RICO, INC. SCHEDULE II (cont.) SAVINGS AND INVESTMENT PROGRAM SCHEDULE OF REPORTABLE TRANSACTIONS FOR THE YEAR ENDED DECEMBER 31, 1993
Aggregate Net Realized Number of Aggregate Proceeds Gain (Loss) Identity of Party Involved Description of Asset Transactions Purchases From Sale From Sale - - -------------------------- -------------------- ------------ --------- --------- ----------- Under Section 2520.103-6(c)(iii) - - -------------------------------- (continued) New York Life Insurance Group Annuity Contract 13 126,906 - Company GA 06252 23 511,746 - New York Life Insurance Group Annuity Contract 34 1,243,138 - Company GA 06607 23 762,210 - Under Section 2520.103-6(c)(iv) - - ------------------------------- See Section 2520.103-6(c)(iii)
S-3 EXHIBIT A CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Prospectus constituting part of the Registration Statement on Form S-8 (No. 33-44788) of Bristol-Myers Squibb Company of our report dated June 8, 1994 appearing on page F-4 of this Form 11-K. /s/ PRICE WATERHOUSE - - -------------------------- PRICE WATERHOUSE New York, New York June 8, 1994 E-1 -----END PRIVACY-ENHANCED MESSAGE-----