Lehman Brothers projects total cash flow at $8.88 billion through 2018

By Kali Hays

New York, July 31 – Lehman Brothers Holdings Inc. estimated total cash from operations beginning April 5 through Dec. 31, 2018 to be at $8.88 billion, according to a Thursday news release.

The company expects to have completed all activities by the end of 2018.

The estimate shows an $8.3 billion increase over cash flow estimates from July 2013 “primarily due to positive execution results, recent collections, claims mitigation and other activities at non-controlled affiliates which have resulted in increases in estimated recoveries from these entities and increases in the estimated value of certain assets,” the release stated.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

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