EFTA00583572.pdf

2015 Cash Flow Pro Forma (In millions) Inflows Jan-June July-Dec Full Year APO 137 68 205 Art Loans/Sales 72 25 97 Investments 51 11 62 Total Inflow 260 104 364 Out Flows - Recurring Living/Household (i) 8 6 14 Boat/Plane 4 3 7 Charity 4 19 23 Family Office 4 4 8 BoA Interest 3 4 7 Melanie 2 2 4 Art Costs (Consultants, etc.) 2 I 3 Total Recurring Outflow 27 39 66 Outflows - One-Time Art Purchase 95 31 126 Publishing 7 4 11 Other Investments 51 9 60 Construction R/E 7 17 24 Taxes 66 8 74 Total Outflow 253 108 361 Net 7 (4) 3 (I ) Includes items such as household bills, household labor, household insurance and property taxes, credit card expenditures and personal spending. EFTA00583572 Notes Nb: I. As of 7117 there was approximately $147MM of cash on hand 2. Roughly $25MM is "restricted" ($14MM Debra's name, $3MM Melanie Acct, $4MM Phaidon and $2MM in the foundation accounts) and $2MM in the trading and SH Meadow accounts) 3. These numbers don't include $25MM of funding of brokerage accounts and $30-60MM of potential art purchases or potential inflow of $17-20MM of KU proceeds. 4. Currently, unrestricted cash is roughly located as follows: APO I ($27MM), Personal ($25MM), 2014 LLC ($18MM), APO2 ($16MM), BFP ($ I4MM), and various trust accounts ($22MM) EFTA00583573