EX-99.1 4 dex991.htm AMENDED ITEM 6. SELECTED FINANCIAL DATA OF MMC'S ANNUAL REPORT Amended Item 6. Selected Financial Data of MMC's Annual Report

Exhibit 99.1

AMENDED ITEM 6. SELECTED FINANCIAL DATA OF MMC’S ANNUAL REPORT ON FORM 10-K FOR THE FISCAL YEAR ENDED DECEMBER 31, 2009.

Marsh & McLennan Companies, Inc. and Subsidiaries

FIVE-YEAR STATISTICAL SUMMARY OF OPERATIONS

 

For the Years Ended December 31,

(In millions, except per share figures)

   2009     2008     2007     2006     2005     Compound
Growth Rate
2004-2009

Revenue

   $ 9,831      $ 10,730      $ 10,370      $ 9,589      $ 9,245      1%

Expenses:

            

Compensation and Benefits

     6,182        6,830        6,609        6,141        6,016      1%

Other Operating Expenses

     2,871        3,221        3,004        2,613        2,891      1%

Regulatory and Other Settlements

                                 30      N/A

Total Expenses

     9,053        10,051        9,613        8,754        8,937      0%

Operating Income (a)

     778        679        757        835        308      21%

Interest Income

     17        47        95        60        44      (3)%

Interest Expense

     (241     (220     (266     (303     (332   2%

Investment Income (Loss)

     (2     (12     173        207        183      N/A

Income Before Income Taxes

     552        494        759        799        203      17%

Income Taxes

     21        113        257        219        53      (24)%

Income From Continuing Operations

     531        381        502        580        150      25%

Discontinued Operations, Net of Tax

     (290     (443     1,987        418        260      N/A

Net Income (Loss)

     241        (62     2,489        998        410      6%

Less: Net Income Attributable to Non-Controlling Interests

     14        11        14        8        6      12%

Net Income (Loss) Attributable to MMC

   $ 227      $ (73   $ 2,475      $ 990      $ 404      5%

Basic Income (Loss) Per Share Information:

                                          

Income from Continuing Operations

   $ 0.97      $ 0.70      $ 0.88      $ 1.02      $ 0.27      25%

Discontinued Operations

   $ (0.54   $ (0.83   $ 3.61      $ 0.75      $ 0.47      N/A

Net Income (Loss) Attributable to MMC

   $ 0.43      $ (0.13   $ 4.49      $ 1.77      $ 0.74      5%

Average Number of Shares Outstanding

     522        514        539        550        538     

Diluted Income (Loss)Per Share Information:

                                          

Income From Continuing Operations

   $ 0.96      $ 0.70      $ 0.88      $ 1.01      $ 0.27      25%

Income (Loss) From Discontinued Operations

   $ (0.54   $ (0.84   $ 3.57      $ 0.72      $ 0.46      N/A

Net Income (Loss) Attributable to MMC

   $ 0.42      $ (0.14   $ 4.45      $ 1.73      $ 0.73      5%

Average Number of Shares Outstanding

     524        515        542        553        541     

Dividends Paid Per Share

   $ 0.80      $ 0.80      $ 0.76      $ 0.68      $ 0.68     

Return on Average Stockholders’ Equity

     4     N/A        36     18     8  

Year-end Financial Position:

            

Working capital

   $ 1,216      $ 1,391      $ 1,834      $ 1,036      $ 1,301     

Total assets

   $ 15,337      $ 15,206      $ 17,359      $ 18,137      $ 17,892     

Long-term debt

   $ 3,034      $ 3,194      $ 3,604      $ 3,860      $ 5,044     

Stockholders’ equity

   $ 5,863      $ 5,760      $ 7,853      $ 5,842      $ 5,402     

Total shares outstanding (net of treasury shares)

     530        514        520        552        546     

Other Information:

            

Number of employees

     49,000        50,100        51,300        48,400        48,700     

Stock price ranges —

            

U.S. exchanges — High

   $ 25.46      $ 36.82      $ 33.90      $ 32.73      $ 34.25     

     — Low

   $ 17.18      $ 20.96      $ 23.12      $ 24.00      $ 26.67       

 

(a)

Includes net restructuring costs of $243 million, $328 million, $98 million, $86 million and $317 million in 2009, 2008, 2007, 2006 and 2005, respectively.

See Management’s Discussion and Analysis of Financial Condition and Results of Operations, appearing under Amended Item 7 of this report, for discussion of significant items affecting our results of operations in 2009, 2008 and 2007.

 

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