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Lehman sees $1.29 billion of cash, short-term investments as of Oct. 2
By Kali Hays
New York, Jan. 30 – Lehman Brothers Holdings, Inc. reported $1,289,000,000 of cash and short-term investments as of Oct. 2, according to a report filed Friday with the Securities and Exchange Commission.
In addition, the company said it had $1,542,000,000 in commercial real estate, $239 million of loans and residential real estate, $2,052,000,000 of principal investments and $446 million of derivative receivables and related assets.
Lehman reported $4,281,000,000 of total financial instruments and other inventory positions as of Oct. 2 and $3,412,000,000 of receivables from controlled affiliates and other assets.
The company said $21,170,000,000 was due from affiliates and $4,975,000,000 was due to affiliates.
According to the report, Lehman had $43,085,000,000 in total assets and $266,432,000,000 of total debt as of Oct. 2.
In a Friday news release, Lehman estimated total cash from operations through Dec. 31, 2018 to be at $90.6 billion.
The new estimate reflects a $1.8 billion increase from cash flow estimates of July 2014.
“The increase is primarily driven by recent settlement agreements with holders of claims against Lehman Brothers Bankhaus AG and LBHI relating to its guarantee of the Bankhaus obligations, as well as positive execution results and increases in the estimated value of certain assets,” the release stated.
The company said it estimates remaining cash from operations following a sixth creditor distribution in October to be at $13.8 billion, excluding potential litigation recoveries.
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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