Exhibit 99.1
Altaba Inc.
Unaudited Consolidated Statement of Assets & Liabilities
(in thousands, except per share amounts)
| March 31, 2018 | December 31, 2017 | |||||||
ASSETS | ||||||||
Cash | $ | 2 | $ | 137 | ||||
Foreign currency (cost $263) | 273 | 268 | ||||||
Receivable for investment securities sold | 4,771 | — | ||||||
Interest receivable | 22,847 | 13,810 | ||||||
Unaffiliated investments, at value including: | 7,414,713 | 4,799,771 | ||||||
Marketable securities, $6,808,028 as of March 31, 2018 | ||||||||
Equity securities and call options, $606,685 as of March 31, 2018 |
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Affiliated investments | 79,884,223 | 75,587,070 | ||||||
Investment in controlled affiliate | 640,000 | 665,000 | ||||||
Dididend receivable | 160,446 | — | ||||||
Other assets | 157,497 | 137,030 | ||||||
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Total assets | $ | 88,284,772 | $ | 81,203,086 | ||||
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LIABILITIES | ||||||||
Convertible notes | $ | 1,388,078 | $ | 1,369,986 | ||||
Margin loan payable | 3,011,077 | — | ||||||
Deferred tax liabilities on unrealized appreciation | 16,709,235 | 15,692,493 | ||||||
Deferred and other tax liabilities | 1,259,994 | 1,254,270 | ||||||
Written warrants (premiums received $124,775) | 371,976 | 276,009 | ||||||
Payable to directors, officers and employees | 9,720 | 5,342 | ||||||
Payable to advisors | 275 | 833 | ||||||
Other liabilities | 122,342 | 118,234 | ||||||
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Total liabilities | $ | 22,872,697 | $ | 18,717,167 | ||||
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Net assets | $ | 65,412,075 | $ | 62,485,919 | ||||
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Shares outstanding | 817,891,818 | 824,921,315 | ||||||
NAV per share | $ | 79.98 | $ | 75.75 | ||||
Shares outstanding rollforward: | ||||||||
Shares outstanding at December 31, 2017 | 824,921,315 | |||||||
Share repurchases | (7,029,497 | ) | ||||||
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Shares outstanding at March 31, 2018 | 817,891,818 | |||||||
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