EX-99 6 f02-09_248kexh994.txt FORM 8K EXHIBIT 99.4 EXHIBIT 99.4 LEHMAN BROTHERS HOLDINGS INC. CONSOLIDATED STATEMENT OF INCOME (Preliminary and Unaudited) (In millions, except per share data)
Nine Months Ended ------------------------------------ Percentage August 31 August 31 Change 2002 2001 Inc/(Dec) ---------------- --- --------------- ------------------- Revenues: Principal transactions $1,431 $2,619 Investment banking 1,362 1,539 Commissions 978 827 Interest and dividends 8,843 13,070 Other 34 38 ---------------- --------------- Total revenues 12,648 18,093 Interest expense 8,032 12,560 ---------------- --------------- Net revenues 4,616 5,533 (17%) ---------------- --------------- Non-interest expenses: Compensation and benefits 2,354 2,822 Technology and communications 404 376 Brokerage and clearance fees 237 232 Occupancy 213 137 Business development 112 149 Professional fees 90 125 Other 61 59 ---------------- --------------- Total non-interest expenses 3,471 3,900 (11%) Income before taxes and dividends on trust preferred securities 1,145 1,633 Provision for income taxes 315 466 Dividends on trust preferred securities 42 42 ---------------- --------------- ---------------- --------------- Net income $788 $1,125 (30%) ================ =============== ================ =============== Preferred stock dividends 58 84 Net income applicable to common stock $730 $1,041 (30%) ================ =============== ================ =============== Earnings per common share Basic $2.97 $4.28 ================ =============== Diluted $2.77 $3.91 ================ ===============