Around 70B in cash until end of 2014.How about assets?
Through December 31, 2010, the Debtors have collected cumulative
Cash of $12.2 billion, net of collections on
certain Derivative Contracts which collateralize certain notes.
The Debtors estimate that they will collect, subsequent to
December 31, 2010, an additional $5.2 billion of cash on account
of Derivative Contracts, including recovery of cash posted as collateral for hedging (or $4.7 billion, if the recovery of cash posted as collateral and certain Derivative Contracts which collateralize certain notes is excluded from the calculation).
The Debtors estimate that they (together with all Debtor-Controlled Entities)
will collect $13.2 billion in cash from Real Estate Assets
($12.4 billion, net of non-operating disbursements).
The Debtors estimate that they (together with all
Debtor-Controlled Entities) will recover $4.8 billion in respect of Loans.
The Debtors project that they
(together with all Debtor-Controlled Entities)
will recover $9.5 billion of cash
($9.2 billion, net of non-operating disbursements),
from investments in private equity over the Forecast Period,
inclusive of LBHI’s interest in Neuberger Berman Group,
for which the estimated recovery is described below.
As of December 31, 2010, LBHI and certain subsidiaries
owned 93% of the Preferred Units and 48% of the aggregate
common equity interests of Neuberger Berman Group.
LBHI and its subsidiaries estimate its recovery on its
preferred and common equity interests will be between $1 billion and $2 billion, depending on a number of factors including timing of recoveries.
LBHI estimates that there will be a recovery of between
$1 to $2 billion from the disposition of its interests
in Aurora Bank and Woodlands Bank pursuant to the disposition
requirements in the settlements approved by the Bankruptcy
Court in November 2010.
LBHI continues to review the collateral received,
which consists primarily of illiquid assets.
An initial estimated recovery of $4.5 – 5.5 billion has been made, which has been applied against the Subrogated Receivables.
The majority of the securities returned have been evaluated,
but given the illiquid nature of these securities,
the actual results could vary materially.
The Recovery Analysis includes an estimate of $4.2 billion as
a recovery on net intercompany receivables from Non-Controlled
Affiliates. Such amount is an estimate and the actual
result could vary materially.
