Exhibit 99.1
Altaba Inc.
Unaudited Consolidated Statement of Assets and Liabilities
(in thousands, except per share amounts)
March 31, 2019 | December 31, 2018 | |||||||
ASSETS | ||||||||
Restricted cash | $ | 2,041,983 | $ | 657,190 | ||||
Foreign currency (cost $0) | — | 1,307 | ||||||
Receivable for investments sold | — | 742 | ||||||
Interest receivable | 2,427 | 6,034 | ||||||
Dividend receivable | 3,221 | 5,810 | ||||||
Unaffiliated investments, at value including: | 4,081,899 | 7,695,604 | ||||||
Marketable securities, $4,081,714 as of March 31, 2019 | ||||||||
Equity securities, $185 as of March 31, 2019 | ||||||||
Affiliated investments | 51,690,898 | 38,834,044 | ||||||
Investment in controlled affiliate | 250,000 | 250,000 | ||||||
Other assets | 105,757 | 103,080 | ||||||
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Total assets | $ | 58,176,185 | $ | 47,553,811 | ||||
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LIABILITIES | ||||||||
Deferred tax liabilities on unrealized appreciation | $ | 10,865,581 | $ | 8,004,972 | ||||
Margin loan payable | 3,000,000 | 3,000,000 | ||||||
Interest payable on margin loan | 38,319 | — | ||||||
Deferred and other tax liabilities | 1,123,695 | 1,134,899 | ||||||
Written warrants (premiums received $75,067) | 82,457 | 23,974 | ||||||
Payable to directors, officers and employees | 12,582 | 14,721 | ||||||
Payable to advisors | 726 | 974 | ||||||
Other liabilities | 157,052 | 218,196 | ||||||
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Total liabilities | $ | 15,280,412 | $ | 12,397,736 | ||||
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Net assets | $ | 42,895,773 | $ | 35,156,075 | ||||
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Shares outstanding | 536,137,103 | 567,464,270 | ||||||
NAV per share | $ | 80.01 | $ | 61.95 | ||||
Shares outstanding rollforward: | ||||||||
Shares outstanding at December 31, 2018 | 567,464,270 | |||||||
Share repurchases | (31,327,167 | ) | ||||||
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Shares outstanding at March 31, 2019 | 536,137,103 | |||||||
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