10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2009 | |||
Statement Of Income Interest Based Revenue | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 30, 2008 | Nov 30, 2007 | |
| Revenues: | |||
| Investment banking | $ 5,019 | 4,057 | 6,316 |
| Principal transactions: | |||
| Trading | 7,447 | 5,472 | 3,208 |
| Investments | (1,054) | (3,925) | 3,247 |
| Commissions | 4,234 | 4,449 | 4,659 |
| Asset management, distribution and administration fees | 5,884 | 4,839 | 5,486 |
| Other | 838 | 3,852 | 776 |
| Total non-interest revenues | 22,368 | 18,744 | 23,692 |
| Interest and dividends | 7,702 | 39,679 | 60,069 |
| Interest expense | 6,712 | 36,312 | 57,283 |
| Net interest | 990 | 3,367 | 2,786 |
| Net revenues | 23,358 | 22,111 | 26,478 |
| Non-interest expenses: | |||
| Compensation and benefits | 14,438 | 11,887 | 16,122 |
| Occupancy and equipment | 1,551 | 1,332 | 1,112 |
| Brokerage, clearing and exchange fees | 1,190 | 1,483 | 1,493 |
| Information processing and communications | 1,372 | 1,194 | 1,155 |
| Marketing and business development | 503 | 719 | 752 |
| Professional services | 1,603 | 1,715 | 2,039 |
| Other | 1,844 | 2,644 | 1,029 |
| Total non-interest expenses | 22,501 | 20,974 | 23,702 |
| Income (loss) from continuing operations before income taxes | 857 | 1,137 | 2,776 |
| (Benefit from) provision for income taxes | (336) | (21) | 576 |
| Income (loss) from continuing operations | 1,193 | 1,158 | 2,200 |
| Discontinued operations: | |||
| Gain from discontinued operations | 160 | 1,121 | 1,682 |
| (Benefit from) provision for income taxes | (53) | 501 | 633 |
| Net gain from discontinued operations | 213 | 620 | 1,049 |
| Net income (loss) | 1,406 | 1,778 | 3,249 |
| Net income applicable to non-controlling interests | 60 | 71 | 40 |
| Net income (loss) applicable to Morgan Stanley | 1,346 | 1,707 | 3,209 |
| (Loss) earnings applicable to Morgan Stanley common shareholders | (907) | 1,495 | 2,976 |
| Amounts applicable to Morgan Stanley: | |||
| Income (loss) from continuing operations | 1,149 | 1,125 | 2,162 |
| Net gain from discontinued operations | 197 | 582 | 1,047 |
| Net income (loss) applicable to Morgan Stanley | 1,346 | 1,707 | 3,209 |
| (Loss) earnings per basic common share: | |||
| (Loss) income from continuing operations | (0.93) | 0.92 | 1.98 |
| Net gain from discontinued operations | 0.16 | 0.53 | 0.99 |
| (Loss) earnings per basic common share | (0.77) | 1.45 | 2.97 |
| (Loss) earnings per diluted common share: | |||
| Income (loss) from continuing operations | (0.93) | 0.88 | 1.94 |
| Net gain from discontinued operations | 0.16 | 0.51 | 0.96 |
| (Loss) earnings per diluted common share | (0.77) | 1.39 | 2.90 |
| Average common shares outstanding: | |||
| Basic | 1,185,414,871 | 1,028,180,275 | 1,001,878,651 |
| Diluted | 1,185,414,871 | 1,073,496,349 | 1,024,836,645 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2009 | |||
Statement Of Other Comprehensive Income | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 30, 2008 | Nov 30, 2007 | |
| Net income (loss) | $ 1,406 | 1,778 | 3,249 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | 112 [1] | (270) | 187 |
| Net change in cash flow hedges | 13 [2] | 16 | 19 |
| Minimum pension liability adjustment | 0 [3] | 0 | (40) |
| Net (loss) gain related to pension and postretirement adjustments | (305) [4] | 203 | 0 |
| Prior service credit related to pension and postretirement adjustments | 10 [5] | 0 | 0 |
| Amortization of net loss related to pension and postretirement benefits | 28 [6] | 19 | 0 |
| Amortization of prior service credit related to pension and postretirement benefits | (6) [7] | (6) | 0 |
| Comprehensive income (loss) | 1,258 | 1,740 | 3,415 |
| Net income applicable to non-controlling interests | 60 | 71 | 40 |
| Other comprehensive (loss) income applicable to non-controlling interests | (8) | (110) | 122 |
| Comprehensive income (loss) applicable to Morgan Stanley | 1,206 | 1,779 | 3,253 |
| [6] Amount is net of provision for income taxes of $16 million and $13 million for 2009 and fiscal 2008, respectively. | |||
| [7] Amount is net of income tax benefits of $(4) million for 2009 and fiscal 2008, respectively. | |||
| [1] Amounts are net of (benefit from) provision for income taxes of $(335) million, $388 million, $(132) million and $(52) million for 2009, fiscal 2008, fiscal 2007 and the one month ended December 31, 2008, respectively. | |||
| [2] Amounts are net of provision for income taxes of $8 million, $11 million, $10 million and $1 million for 2009, fiscal 2008, fiscal 2007 and the one month ended December 31, 2008, respectively. | |||
| [3] Amounts are net of income tax benefits of $(16) million for fiscal 2007. | |||
| [4] Amount is net of (benefit from) provision for income taxes of $(179) million, $138 million and $(132) million for 2009, fiscal 2008 and the one month ended December 31, 2008, respectively. | |||
| [5] Amount is net of provision for income taxes of $6 million. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2009 | |||
Statement Of Cash Flows Indirect Deposit Based Operations | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | |||
| (In Millions, except shares in actual) | |||
| 13 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Nov 30, 2008 | Nov 30, 2007 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income (loss) | $ 1,406 | 1,778 | 3,249 |
| Adjustments to reconcile net income to net cash (used for) provided by operating activities: | |||
| Deferred income taxes | (932) | (1,224) | (1,669) |
| Compensation payable in common stock and options | 1,265 | 1,838 | 1,927 |
| Depreciation and amortization | 1,224 | 794 | 475 |
| Provision for consumer loan losses | 0 | 0 | 478 |
| Gains on business dispositions | (606) | (2,232) | (168) |
| Gain on repurchase of long-term debt | (491) | (2,252) | 0 |
| Insurance settlement | 0 | 0 | (38) |
| Impairment charges and other-than-temporary impairment charges | 823 | 1,238 | 437 |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 211 | 5,001 | (9,334) |
| Financial instruments owned, net of financial instruments sold, not yet purchased | (26,130) | 78,486 | (25,361) |
| Securities borrowed | (79,449) | 154,209 | 59,637 |
| Securities loaned | 11,666 | (95,602) | (39,834) |
| Receivables and other assets | (2,445) | 54,531 | (3,973) |
| Payables and other liabilities | 818 | (114,531) | 71,092 |
| Federal funds sold and securities purchased under agreements to resell | (20,499) | 51,822 | 26,194 |
| Securities sold under agreements to repurchase | 67,188 | (60,439) | (105,361) |
| Net cash (used for) provided by operating activities | (45,951) | 73,417 | (22,249) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Net (payments for) proceeds from: | |||
| Premises, equipment and software costs | (2,877) | (1,400) | (1,469) |
| Business acquisitions, net of cash acquired | (2,160) | (174) | (1,169) |
| Business dispositions, net of cash disposed | 565 | 743 | 476 |
| Net principal disbursed on consumer loans | 0 | 0 | (4,776) |
| Sales of consumer loans | 0 | 0 | 5,301 |
| Purchases of securities available for sale | 0 | 0 | (14,073) |
| Sales of securities available for sale | 0 | 0 | 4,272 |
| Net cash provided by (used for) investing activities | (4,472) | (831) | (11,438) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net (payments for) proceeds from: | |||
| Short-term borrowings | (7,724) | (24,012) | 8,274 |
| Derivatives financing activities | (85) | 962 | (859) |
| Other secured financings | (4,437) | (15,246) | (24,231) |
| Deposits | 10,860 | 11,576 | 23,099 |
| Excess tax benefits associated with stock-based awards | 102 | 47 | 281 |
| Net proceeds from: | |||
| Non-controlling interests | 0 | 1,560 | 265 |
| Morgan Stanley public offerings of common stock | 6,212 | 0 | 0 |
| Issuance of preferred stock and common stock warrant | 0 | 18,997 | 0 |
| Issuance of common stock | 43 | 397 | 927 |
| Issuance of long-term borrowings | 43,960 | 42,331 | 74,540 |
| Issuance of junior subordinated debentures related to China Investment Corporation | 0 | 5,579 | 0 |
| Payments for: | |||
| Long-term borrowings | (33,175) | (56,120) | (33,120) |
| Series D Preferred stock and warrant | (10,950) | 0 | 0 |
| Redemption of capital units | 0 | 0 | (66) |
| Repurchases of common stock through capital management share repurchase program | 0 | (711) | (3,753) |
| Repurchases of common stock for employee tax withholding | (50) | (1,117) | (438) |
| Cash distribution in connection with the Discover Spin-off | 0 | 0 | (5,615) |
| Cash dividends | (1,732) | (1,227) | (1,219) |
| Net cash (used for) provided by financing activities | 3,024 | (16,984) | 38,085 |
| Effect of exchange rate changes on cash and cash equivalents | 720 | (2,546) | 594 |
| Net (decrease) increase in cash and cash equivalents | (46,679) | 53,056 | 4,992 |
| Cash and cash equivalents, at beginning of period | 78,654 | 25,598 | |
| Cash and cash equivalents, at end of period | 31,991 | 78,654 | 25,598 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 6,988 | 11,276 | 7,248 |
| Interest bearing deposits with banks | 25,003 | 67,378 | 18,350 |
| Cash and cash equivalents, at end of period | 31,991 | 78,654 | 25,598 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2009 | ||
Statement Of Financial Position Unclassified | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 26, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Nov 30, 2008 | |
| Assets | ||
| Cash and due from banks | $ 6,988 | 11,276 |
| Interest bearing deposits with banks | 25,003 | 67,378 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 23,712 | |
| Financial instruments owned, at fair value (approximately $101 billion in 2009 and $73 billion in 2008 were pledged to various parties): | ||
| U.S. government and agency securities | 62,215 | |
| Other sovereign government obligations | 25,445 | |
| Corporate and other debt | 90,454 | |
| Corporate equities | 57,968 | |
| Derivative and other contracts | 49,081 | |
| Investments | 9,286 | |
| Physical commodities | 5,329 | |
| Total financial instruments owned, at fair value | 299,778 | |
| Securities received as collateral, at fair value | 13,656 | |
| Federal funds sold and securities purchased under agreements to resell | 143,208 | |
| Securities borrowed | 167,501 | |
| Receivables: | ||
| Customers | 27,594 | |
| Brokers, dealers and clearing organizations | 5,719 | |
| Other loans | 7,259 | |
| Fees, interest and other | 11,164 | |
| Other investments | 3,752 | |
| Premises, equipment and software costs (net of accumulated depreciation of $3,734 in 2009 and $3,073 in 2008) | 7,067 | |
| Goodwill | 7,162 | |
| Intangible assets (net of accumulated amortization of $275 in 2009 and $208 in 2008) (includes $137 and $184 at fair value in 2009 and 2008, respectively) | 5,054 | |
| Other assets | 16,845 | |
| Total assets | 771,462 | |
| Liabilities and Equity | ||
| Commercial paper and other short-term borrowings (includes $791 and $1,246 at fair value in 2009 and 2008, respectively) | 2,378 | |
| Deposits (includes $4,967 and $9,993 at fair value in 2009 and 2008, respectively) | 62,215 | |
| Financial instruments sold, not yet purchased, at fair value: | ||
| U.S. government and agency securities | 20,503 | |
| Other sovereign government obligations | 18,244 | |
| Corporate and other debt | 7,826 | |
| Corporate equities | 22,601 | |
| Derivative and other contracts | 38,209 | |
| Physical commodities | 0 | |
| Total financial instruments sold, not yet purchased, at fair value | 107,383 | |
| Obligation to return securities received as collateral, at fair value | 13,656 | |
| Securities sold under agreements to repurchase | 159,401 | |
| Securities loaned | 26,246 | |
| Other secured financings, at fair value | 8,102 | |
| Payables: | ||
| Customers | 117,058 | |
| Brokers, dealers and clearing organizations | 5,423 | |
| Interest and dividends | 2,597 | |
| Other liabilities and accrued expenses | 20,849 | |
| Long-term borrowings (includes $37,610 and $30,766 at fair value in 2009 and 2008, respectively) | 193,374 | |
| Liabilities, Total | 718,682 | |
| Commitments and contingencies | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 9,597 | |
| Common stock, $0.01 par value; Shares authorized: 3,500,000,000 in 2009 and 2008; Shares issued: 1,487,850,163 in 2009 and 1,211,701,552 in 2008; Shares outstanding: 1,360,595,214 in 2009 and 1,074,497,565 in 2008 | 15 | |
| Paid-in capital | 8,619 | |
| Retained earnings | 35,056 | |
| Employee stock trust | 4,064 | |
| Accumulated other comprehensive loss | (560) | |
| Common stock held in treasury, at cost, $0.01 par value; 127,254,949 shares in 2009 and 137,203,987 shares in 2008 | (6,039) | |
| Common stock issued to employee trust | (4,064) | |
| Total Morgan Stanley shareholders' equity | 46,688 | |
| Non-controlling interests | 6,092 | |
| Total equity | 52,780 | 51,536 |
| Total liabilities and equity | 771,462 | |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |