-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Eg1lp5YVpJ6vXsIsdEpO4EyFt0OsOkuO3YQxvuMdQZTPeq0ODl4nIIZcNmdq97EK toO8y8PBetnUiQ50xFdt9A== /in/edgar/work/20000802/0000065100-00-000025/0000065100-00-000025.txt : 20000921 0000065100-00-000025.hdr.sgml : 20000921 ACCESSION NUMBER: 0000065100-00-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20000802 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERRILL LYNCH & CO INC CENTRAL INDEX KEY: 0000065100 STANDARD INDUSTRIAL CLASSIFICATION: [6211 ] IRS NUMBER: 132740599 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-07182 FILM NUMBER: 684547 BUSINESS ADDRESS: STREET 1: 4 WORLD FINANCIAL CTR CITY: NEW YORK STATE: NY ZIP: 10080 BUSINESS PHONE: 2124491000 MAIL ADDRESS: STREET 1: 4 WORLD FINANCIAL CTR CITY: NEW YORK STATE: NY ZIP: 10080 8-K 1 0001.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 2, 2000 - -------------------------------------------------------------------------------- Merrill Lynch & Co., Inc. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in its Charter) Delaware 1-7182 13-2740599 - -------------------------------------------------------------------------------- (State or Other (Commission (I.R.S. Employer Jurisdiction of File Number) Identification No.) Incorporation) 4 World Financial Center, New York, New York 10080 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 449-1000 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events - --------------------- Filed herewith is the Preliminary Unaudited Consolidated Balance Sheet as of June 30, 2000 for Merrill Lynch & Co., Inc. and subsidiaries ("Merrill Lynch"). Also filed herewith is a statement setting forth the computation of certain Merrill Lynch financial ratios for the periods presented. Item 7. Financial Statements, Pro Forma Financial Information, and Exhibits - ---------------------------------------------------------------------------- (c) Exhibits -------- (12) Computation of Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends (99) Additional Exhibits (i) Preliminary Unaudited Consolidated Balance Sheet as of June 30, 2000 2 SIGNATURE 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, hereunto duly authorized. MERRILL LYNCH & CO., INC. ------------------------------------------- (Registrant) By: /s/ Thomas H. Patrick -------------------------------------- Thomas H. Patrick Executive Vice President and Chief Financial Officer Date: August 2, 2000 3 EXHIBIT INDEX Exhibit No. Description Page - ----------- ----------- ---- (12) Computation of Ratios of Earnings to Fixed Charges and Combined Fixed Charges and Preferred Stock Dividends 5 (99) Additional Exhibits (i) Preliminary Unaudited Consolidated Balance Sheet as of June 30, 2000 6-7 4 EX-12 2 0002.txt RATIO OF EARNINGS TO FIXED CHARGES
EXHIBIT 12 MERRILL LYNCH & CO., INC. AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (dollars in millions) FOR THE THREE MONTHS ENDED FOR THE SIX MONTHS ENDED ---------------------------- -------------------------- JUNE 30, JUNE 25, JUNE 30, JUNE 25, 2000 1999 2000 1999 --------- --------- --------- --------- Pre-tax earnings from continuing operations $ 1,378 $ 1,031 $ 2,953 $ 2,027 Add: Fixed charges (excluding capitalized interest and preferred security dividend requirements of subsidiaries) 4,256 3,243 8,094 6,595 ------- ------- ------- ------- Pre-tax earnings before fixed charges 5,634 4,274 11,047 8,622 ======= ======= ======= ======= Fixed charges: Interest 4,193 3,183 7,966 6,475 Other (a) 115 110 233 220 ------- ------- ------- ------- Total fixed charges 4,308 3,293 8,199 6,695 ======= ======= ======= ======= Preferred stock dividends 14 14 28 28 ------- ------- ------- ------- Total combined fixed charges and preferred stock dividends $ 4,322 $ 3,307 $ 8,227 $ 6,723 ======= ======= ======= ======= Ratio of earnings to fixed charges 1.31 1.30 1.35 1.29 Ratio of earnings to combined fixed charges and preferred stock dividends 1.30 1.29 1.34 1.28 (a) Other fixed charges consist of the interest factor in rentals, amortization of debt issuance costs, preferred security dividend requirements of subsidiaries, and capitalized interest.
5 EX-99 3 0003.txt BALANCE SHEET
EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET JUNE 30, (dollars in millions) 2000 -------------------------------------------------------------------------------- --------- ASSETS CASH AND CASH EQUIVALENTS....................................................... $ 11,401 -------- CASH AND SECURITIES SEGREGATED FOR REGULATORY PURPOSES OR DEPOSITED WITH CLEARING ORGANIZATIONS...................................... 5,929 -------- RECEIVABLES UNDER RESALE AGREEMENTS AND SECURITIES BORROWED TRANSACTIONS........ 107,094 -------- MARKETABLE INVESTMENT SECURITIES................................................ 18,519 -------- TRADING ASSETS, AT FAIR VALUE Equities and convertible debentures............................................. 28,261 Corporate debt and preferred stock.............................................. 18,165 Contractual agreements.......................................................... 17,869 U.S. Government and agencies.................................................... 8,750 Non-U.S. governments and agencies............................................... 8,148 Mortgages, mortgage-backed, and asset-backed.................................... 8,194 Municipals and money markets.................................................... 3,191 -------- 92,578 Securities received as collateral, net of securities pledged as collateral...... 12,292 -------- Total........................................................................... 104,870 -------- SECURITIES PLEDGED AS COLLATERAL................................................ 9,818 -------- OTHER RECEIVABLES Customers (net of allowance for doubtful accounts of $79)....................... 44,650 Brokers and dealers............................................................. 15,638 Interest and other.............................................................. 7,497 -------- Total........................................................................... 67,785 -------- INVESTMENTS OF INSURANCE SUBSIDIARIES........................................... 4,002 LOANS, NOTES, AND MORTGAGES (net of allowance for loan losses of $171).......... 12,133 OTHER INVESTMENTS............................................................... 3,472 EQUIPMENT AND FACILITIES (net of accumulated depreciation and amortization of $4,398).................. 3,172 GOODWILL (net of accumulated amortization of $626).............................. 4,592 OTHER ASSETS.................................................................... 2,321 -------- TOTAL ASSETS.................................................................... $355,108 ========
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EXHIBIT 99(i) MERRILL LYNCH & CO., INC. AND SUBSIDIARIES PRELIMINARY UNAUDITED CONSOLIDATED BALANCE SHEET JUNE 30, (dollars in millions, except per share amount) 2000 ------------------------------------------------------------------------------ --------- LIABILITIES PAYABLES UNDER REPURCHASE AGREEMENTS AND SECURITIES LOANED TRANSACTIONS.......................................................... $ 83,613 -------- COMMERCIAL PAPER AND OTHER SHORT-TERM BORROWINGS.............................. 20,556 -------- DEMAND AND TIME DEPOSITS...................................................... 29,902 -------- TRADING LIABILITIES, AT FAIR VALUE Contractual agreements........................................................ 17,812 Equities and convertible debentures........................................... 26,544 U.S. Government and agencies.................................................. 9,532 Non-U.S. governments and agencies............................................. 6,766 Corporate debt, preferred stock, and other.................................... 3,804 -------- Total......................................................................... 64,458 -------- OBLIGATION TO RETURN SECURITIES RECEIVED AS COLLATERAL........................ 22,110 -------- OTHER PAYABLES Customers..................................................................... 23,132 Brokers and dealers........................................................... 8,872 Interest and other............................................................ 18,538 -------- Total......................................................................... 50,542 -------- LIABILITIES OF INSURANCE SUBSIDIARIES......................................... 3,989 LONG-TERM BORROWINGS.......................................................... 61,489 -------- TOTAL LIABILITIES............................................................. 336,659 -------- PREFERRED SECURITIES ISSUED BY SUBSIDIARIES................................... 2,722 -------- STOCKHOLDERS' EQUITY PREFERRED STOCKHOLDERS' EQUITY................................................ 425 -------- COMMON STOCKHOLDERS' EQUITY Shares exchangeable into common stock......................................... 39 Common stock, par value $1.33 1/3 per share; authorized: 1,000,000,000 shares; issued: 472,716,448 shares................. ................................ 630 Paid-in capital............................................................... 3,065 Accumulated other comprehensive loss (net of tax)............................. (400) Retained earnings............................................................. 14,368 -------- 17,702 Less: Treasury stock, at cost: 84,320,231 shares............................. 1,407 Employee stock transactions............................................. 993 -------- TOTAL COMMON STOCKHOLDERS' EQUITY............................................. 15,302 -------- TOTAL STOCKHOLDERS' EQUITY.................................................... 15,727 -------- TOTAL LIABILITIES, PREFERRED SECURITIES ISSUED BY SUBSIDIARIES, AND STOCKHOLDERS' EQUITY...................................... $355,108 ========
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