Exhibit 99.1
Altaba Inc.
Unaudited Consolidated Statement of Assets and Liabilities
(in thousands, except per share amounts)
September 30, 2018 | June 30, 2018 | |||||||
ASSETS | ||||||||
Cash | $ | 11,207 | $ | 2,635 | ||||
Foreign currency (cost $489) | 487 | 325 | ||||||
Receivable for investments sold | 702,242 | 144,369 | ||||||
Interest receivable | 14,720 | 14,996 | ||||||
Unaffiliated investments, at value including: | 15,497,570 | 6,270,810 | ||||||
Marketable securities, $15,216,763 as of September 30, 2018 | ||||||||
Equity securities and call options, $280,807 as of September 30, 2018 | ||||||||
Affiliated investments | 46,682,054 | 77,735,704 | ||||||
Investment in controlled affiliate | 250,000 | 635,000 | ||||||
Other assets | 78,060 | 155,087 | ||||||
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Total assets | $ | 63,236,340 | $ | 84,958,926 | ||||
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LIABILITIES | ||||||||
Deferred tax liabilities on unrealized appreciation | $ | 9,938,988 | $ | 16,233,595 | ||||
Income tax payable related to Alibaba and Yahoo Japan sales | 4,030,335 | — | ||||||
Margin loan payable | 3,081,088 | 3,045,770 | ||||||
Convertible notes | 1,327,417 | 1,406,409 | ||||||
Deferred and other tax liabilities | 1,634,664 | 1,284,425 | ||||||
Written warrants (premiums received $91,510) | 124,300 | 217,774 | ||||||
Payable for investments purchased | 49,782 | 82,435 | ||||||
Payable to directors, officers and employees | 11,230 | 7,312 | ||||||
Payable to advisors | 610 | 637 | ||||||
Other liabilities | 131,331 | 53,694 | ||||||
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Total liabilities | $ | 20,329,745 | $ | 22,332,051 | ||||
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Net assets | $ | 42,906,595 | $ | 62,626,875 | ||||
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Shares outstanding | 602,597,331 | 800,508,196 | ||||||
NAV per share | $ | 71.20 | $ | 78.23 | ||||
Shares outstanding rollforward: | ||||||||
Shares outstanding at June 30, 2018 | 800,508,196 | |||||||
Tender offer | (195,000,000 | ) | ||||||
Share repurchases | (2,910,865 | ) | ||||||
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Shares outstanding at September 30, 2018 | 602,597,331 | |||||||
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