EX-99 4 f02-03_20ex992.txt EXHIBIT 99.2 SELECTED STATISTICAL INFORMATION LEHMAN BROTHERS HOLDINGS INC. EXHIBIT 99.2 SELECTED STATISTICAL INFORMATION (Preliminary and Unaudited) (Dollars in millions, except per share data)
Quarters Ended -------------------------------------------------------------- 2/28/02 11/30/01 8/31/01 5/31/01 2/28/01 -------------------------------------------------------------- INCOME STATEMENT Net Revenues $1,606 $1,203 $1,628 $2,022 $1,883 Non-Interest Expenses: Compensation and Benefits 819 615 830 1,032 960 Nonpersonnel Expenses 347 345 363 365 350 Net Income (a) 298 130 309 430 387 Net Income Applicable to Common Stock 262 119 298 369 375 Earnings per Common Share Basic $1.07 $0.49 $1.24 $1.51 $1.52 Diluted $0.99 $0.46 $1.14 $1.38 $1.39 Diluted (excluding special charge) $0.99 $0.73 $1.14 $1.38 $1.39 FINANCIAL RATIOS (%) Return on Common Equity (annualized, excluding the special charge and special preferred dividends, where applicable) (b) 14.6 10.0 16.2 23.4 21.2 Return on Common Equity (annualized) (c) 13.4 6.3 16.2 20.6 21.2 Pretax Operating Margin (excluding special charge) 27.4 20.2 26.7 30.9 30.4 Pretax Operating Margin 27.4 9.6 26.7 30.9 30.4 Compensation & Benefits/Net Revenues 51.0 51.1 51.0 51.0 51.0 Effective Tax Rate (excluding special charge) 29.0 11.5 25.8 29.0 30.0 Effective Tax Rate 29.0 (24.4) 25.8 29.0 30.0 BALANCE SHEET Total Assets $260,000 $247,816 $243,337 $235,936 $236,287 Total Assets Excluding Matched Book (d) 170,000 164,538 156,393 152,890 155,766 Common Stockholders' Equity 7,948 7,759 7,411 7,279 7,047 Total Stockholders' Equity + Preferred Securities Subject to Mandatory Redemption 9,358 9,169 8,821 8,689 8,457 Total Capital (e) 47,300 47,470 48,157 46,425 44,769 Net Leverage(f) 18.2x 17.9x 17.7x 17.6x 18.4x Book Value per Common Share (g) 32.47 31.81 30.83 29.93 28.90 OTHER DATA (#s) Employees 12,851 13,090 13,281 12,426 11,925 Common Stock Outstanding 244,169,647 237,534,091 239,046,975 244,202,014 247,321,056 Weighted Average Shares Basic 245,284,387 241,933,119 240,414,784 243,852,453 246,154,488 Diluted 265,202,416 261,545,485 261,755,211 266,878,412 270,689,336
(a) Fourth quarter 2001 net income includes a $71 million after tax special charge ($127 million pre-tax). (b) Return on common equity calculated using net income before adjusting for special charge and special preferred dividends, where applicable. (c) Return on common equity calculated using net income after adjusting for special charge and special preferred dividends, where applicable. (d) Matched book is defined as the lower of securities purchased under agreements to resell or securities sold under agreements to repurchase. (e) Total capital includes long-term debt, stockholders' equity and preferred securities subject to mandatory redemption. (f) Net leverage ratio is calculated using total assets excluding matched book to total stockholders' equity and other preferred securities. (g) This calculation includes restricted stock units granted under the Lehman Stock Award Programs included in stockholders' equity.