-----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, J4KEHOBjvRuCFOvp8c8cOKOgEWm09JhYuGvGGPHRGUfX7QxiOxAHA0g830Wzv4q4 Yrxd2bPWny6xJvm35rGuVw== /in/edgar/work/0000950123-00-006445/0000950123-00-006445.txt : 20000712 0000950123-00-006445.hdr.sgml : 20000712 ACCESSION NUMBER: 0000950123-00-006445 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000711 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN J P & CO INC CENTRAL INDEX KEY: 0000068100 STANDARD INDUSTRIAL CLASSIFICATION: [6022 ] IRS NUMBER: 132625764 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05885 FILM NUMBER: 670991 BUSINESS ADDRESS: STREET 1: 60 WALL ST CITY: NEW YORK STATE: NY ZIP: 10260 BUSINESS PHONE: 2124832323 MAIL ADDRESS: STREET 1: 500 STANTON CHRISTIANA RD STREET 2: ATTN RANDY REDCAY CITY: NEWARK STATE: DE ZIP: 19713 8-K 1 e8-k.txt J.P. MORGAN & CO. INCORPORATED 1 =========================================================================== 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) July 11, 2000 J.P. MORGAN & CO. INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 1-5885 13-2625764 (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification No.) 60 WALL STREET, NEW YORK, NEW YORK 10260-0060 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (212) 483-2323 ----------------------------------------------------------------- (Former name or former address, if changed since last report) =========================================================================== 2 ITEM 5. OTHER EVENTS On July 11, 2000, the Registrant made available, via the internet (at http://www.adr.com/jpm_ir/period1.html#financialinfo), restated segment results, reflecting recent management reporting changes, for the first quarter of 2000, for each of the four quarters of 1999 and 1998, and the full years 1999, 1998, 1997, and 1996. A copy of such information is attached hereto as Exhibit 99a. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements NONE. (b) Pro Forma Financial Information NONE. (c) Exhibits 99a. Restated segment results. 3 SIGNATURES 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. J.P. MORGAN & CO. INCORPORATED ------------------------------ (REGISTRANT) /s/ Grace B. Vogel ---------------------------- NAME: Grace B. Vogel TITLE: Chief Accounting Officer DATE: July 11, 2000 EX-99.A 2 ex99-a.txt RESTATED SEGMENT RESULTS 1 Exhibit 99a. SEGMENT RESULTS (Restated) J.P. Morgan & Co. Incorporated The following table presents our current management reporting structure. Results have been restated for all periods, reflecting recent organization changes. Principal changes include the combination of our Credit Markets and Credit Portfolio segments into a single Credit Markets segment. In addition, revenue and expense allocations between Investment Banking and the other segments, primarily Equities and Credit Markets, have been changed to reflect the new organization. Our consolidated results were not impacted.
- ------------------------------------------------------------------------------------------------------------------------------- First Quarter Fourth Quarter Third Quarter Second Quarter First Quarter Fourth Quarter 2000 1999 1999 1999 1999 1998 REVENUES Investment Banking $452 $381 $366 $409 $327 $328 Equities 584 372 252 385 255 143 Interest Rate and Currency Markets 489 479 321 560 649 474 Credit Markets 550 423 425 496 831 135 Asset Management Services 407 353 350 343 309 278 Equity Investments 153 313 341 6 (14) 42 Proprietary Positioning 188 (127) 6 23 127 203 Corporate 13 (5) (76) (31) 7 (99) -------------------------------------------------------------------------------------------- CONSOLIDATED 2,836 2,189 1,985 2,191 2,491 1,504 -------------------------------------------------------------------------------------------- EXPENSES Investment Banking 409 375 292 309 292 257 Equities 261 203 168 192 186 161 Interest Rate and Currency Markets 334 264 288 321 359 311 Credit Markets 262 219 153 215 265 194 Asset Management Services 303 320 276 268 257 267 Equity Investments 45 66 52 13 14 9 Proprietary Positioning 56 40 37 43 32 42 Corporate Items 185 (70) 75 56 162 150 -------------------------------------------------------------------------------------------- CONSOLIDATED 1,855 1,417 1,341 1,417 1,567 1,391 -------------------------------------------------------------------------------------------- PRETAX INCOME Investment Banking 43 6 74 100 35 71 Equities 323 169 84 193 69 (18) Interest Rate and Currency Markets 155 215 33 239 290 163 Credit Markets 288 204 272 281 566 (59) Asset Management Services 104 33 74 75 52 11 Equity Investments 108 247 289 (7) (28) 33 Proprietary Positioning 132 (167) (31) (20) 95 161 Corporate Items (172) 65 (151) (87) (155) (249) ------------------------------------------------------------------------------------------------ CONSOLIDATED 981 772 644 774 924 113 ------------------------------------------------------------------------------------------------ PRETAX EVA Investment Banking 16 (18) 50 75 13 49 Equities 281 130 51 152 38 (50) Interest Rate and Currency Markets 32 90 (65) 135 185 49 Credit Markets 160 59 135 94 380 (266) Asset Management Services 83 14 56 56 35 (3) Equity Investments 78 192 164 (1) (59) 19 Proprietary Positioning 150 (61) (193) (96) (93) (283) Corporate Items (240) 47 (97) (108) (53) 130 ------------------------------------------------------------------------------------------------ CONSOLIDATED 560 453 101 307 446 (355) ------------------------------------------------------------------------------------------------ AVERAGE REQUIRED ECONOMIC CAPITAL Investment Banking 639 581 517 563 483 489 Equities 732 766 524 740 528 566 Interest Rate and Currency Markets 1,732 1,979 2,012 2,017 2,098 2,245 Credit Markets 3,701 3,402 3,716 4,225 4,733 6,317 Asset Management Services 530 545 565 556 539 551 Equity Investments 1,882 1,783 1,488 1,365 1,278 1,178 Proprietary Positioning 496 952 1,503 1,234 3,595 6,293 Corporate Items (1,198) (1,020) (1,122) (1,239) (1,586) (1,691) ------------------------------------------------------------------------------------------------ CONSOLIDATED 8,514 8,988 9,203 9,461 11,668 15,948 ------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- Third Quarter Second Quarter First Quarter Full Year Full Year Full Year 1998 1998 1998 1999 1998 1997 REVENUES Investment Banking $267 $312 $311 $1,483 $1,218 $958 Equities 119 204 102 1,264 568 331 Interest Rate and Currency Markets 353 620 617 2,009 2,064 1,770 Credit Markets (83) 397 483 2,175 932 1,486 Asset Management Services 295 305 286 1,355 1,164 1,107 Equity Investments 167 109 28 646 346 413 Proprietary Positioning 129 88 243 29 663 894 Corporate 54 118 (73) (105) - 261 ------------------------------------------------------------------------------------------------ CONSOLIDATED 1,301 2,153 1,997 8,856 6,955 7,220 ------------------------------------------------------------------------------------------------ EXPENSES Investment Banking 231 239 255 1,268 982 946 Equities 126 188 156 749 631 553 Interest Rate and Currency Markets 280 340 352 1,232 1,283 1,277 Credit Markets 87 215 251 852 747 720 Asset Management Services 273 288 272 1,121 1,100 1,043 Equity Investments 15 15 10 145 49 48 Proprietary Positioning 35 40 40 152 157 154 Corporate Items 52 91 296 223 589 325 ------------------------------------------------------------------------------------------------ CONSOLIDATED 1,099 1,416 1,632 5,742 5,538 5,066 ------------------------------------------------------------------------------------------------ PRETAX INCOME Investment Banking 36 73 56 215 236 12 Equities (7) 16 (54) 515 (63) (222) Interest Rate and Currency Markets 73 280 265 777 781 493 Credit Markets (170) 182 232 1,323 185 766 Asset Management Services 22 17 14 234 64 64 Equity Investments 152 94 18 501 297 365 Proprietary Positioning 94 48 203 (123) 506 740 Corporate Items 2 27 (369) (328) (589) (64) ------------------------------------------------------------------------------------------------ CONSOLIDATED 202 737 365 3,114 1,417 2,154 ------------------------------------------------------------------------------------------------ PRETAX EVA Investment Banking 11 49 30 120 139 (88) Equities (42) (19) (87) 371 (198) (344) Interest Rate and Currency Markets (33) 169 145 345 330 138 Credit Markets (435) (96) (83) 668 (880) (124) Asset Management Services 6 - - 161 3 (7) Equity Investments 78 60 (14) 296 143 194 Proprietary Positioning 31 (31) 97 (443) (186) 308 Corporate Items 144 3 (35) (211) 242 (67) ------------------------------------------------------------------------------------------------ CONSOLIDATED (240) 135 53 1,307 (407) 10 ------------------------------------------------------------------------------------------------ AVERAGE REQUIRED ECONOMIC CAPITAL Investment Banking 550 524 577 535 535 511 Equities 517 597 515 640 549 469 Interest Rate and Currency Markets 1,976 2,067 2,263 2,027 2,138 1,484 Credit Markets 6,283 6,750 7,334 4,019 6,629 6,989 Asset Management Services 562 556 552 544 555 549 Equity Investments 1,116 1,256 1,253 1,479 1,201 1,353 Proprietary Positioning 1,710 1,120 986 1,821 2,527 876 Corporate Items (1,357) (1,422) (1,626) (1,235) (1,798) (2,846) ------------------------------------------------------------------------------------------------ CONSOLIDATED 11,357 11,448 11,854 9,830 12,336 9,385 ------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------- Full Year 1996 REVENUES Investment Banking $777 Equities 337 Interest Rate and Currency Markets 1,495 Credit Markets 1,587 Asset Management Services 969 Equity Investments 270 Proprietary Positioning 934 Corporate 486 ---------- CONSOLIDATED 6,855 ---------- EXPENSES Investment Banking 804 Equities 404 Interest Rate and Currency Markets 1,134 Credit Markets 627 Asset Management Services 821 Equity Investments 38 Proprietary Positioning 137 Corporate Items 558 ---------- CONSOLIDATED 4,523 ---------- PRETAX INCOME Investment Banking (27) Equities (67) Interest Rate and Currency Markets 361 Credit Markets 960 Asset Management Services 148 Equity Investments 232 Proprietary Positioning 797 Corporate Items (72) ---------- CONSOLIDATED 2,332 ---------- PRETAX EVA Investment Banking * Equities * Interest Rate and Currency Markets * Credit Markets * Asset Management Services * Equity Investments * Proprietary Positioning * Corporate Items * ---------- CONSOLIDATED * ---------- AVERAGE REQUIRED ECONOMIC CAPITAL Investment Banking * Equities * Interest Rate and Currency Markets * Credit Markets * Asset Management Services * Equity Investments * Proprietary Positioning * Corporate Items * ---------- CONSOLIDATED * ----------
* Amount not calculated. -----END PRIVACY-ENHANCED MESSAGE-----