EX-99.2O 3 f0-06_198kex992.txt EX-99.2--CONSOLIDATED STATEMENT OF INCOME EXHIBIT 99.2 LEHMAN BROTHERS HOLDINGS INC. CONSOLIDATED STATEMENT OF INCOME (Preliminary and Unaudited) (In millions, except per share data)
Three Months Ended ------------------------------- Percentage of May 31 May 31 Dollar Change 2001 2000 Inc./(Dec.) Revenues: Principal transactions $ 984 $ 870 Investment banking 565 480 Commissions 295 226 Interest and dividends 4,433 4,738 Other 7 20 -------------- ------------- Total revenues 6,284 6,334 Interest expense 4,262 4,579 -------------- ------------- Net revenues 2,022 1,755 15% -------------- ------------- Non-interest expenses: Compensation and benefits 1,032 912 Technology and communications 134 85 Brokerage and clearance fees 73 62 Business development 54 41 Professional fees 41 43 Occupancy 44 32 Other 19 22 -------------- ------------- Total non-interest expenses 1,397 1,197 17% -------------- ------------- Income from operations before taxes and dividends on trust preferred securities 625 558 12% Provision for income taxes 181 166 Dividends on trust preferred securities 14 14 -------------- ------------- Net income $ 430 $ 378 14% ============== ============= Preferred stock dividends 61 12 Net income applicable to common stock $ 369 $ 366 1% ============== ============= Earnings per common share Basic $ 1.51 $ 1.49 -------------- ============= Diluted $ 1.38 $ 1.39 ============== =============