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: 2011 | |||
Condensed Consolidated Statements Of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues: | |||
| Investment banking | $ 4,991 | 5,122 | 5,020 |
| Principal transactions: | |||
| Trading | 12,392 | 9,406 | 7,723 |
| Investments | 573 | 1,825 | (1,034) |
| Commissions and fees | 5,379 | 4,947 | 4,233 |
| Asset management, distribution and administration fees | 8,502 | 7,919 | 5,841 |
| Other | 209 | 1,271 | 707 |
| Total non-interest revenues | 32,046 | 30,490 | 22,490 |
| Interest income | 7,264 | 7,311 | 7,477 |
| Interest expense | 6,907 | 6,414 | 6,687 [1] |
| Net interest | 357 | 897 | 790 |
| Net revenues | 32,403 | 31,387 | 23,280 |
| Non-interest expenses: | |||
| Compensation and benefits | 16,403 | 15,923 | 14,331 |
| Occupancy and equipment | 1,564 | 1,560 | 1,540 |
| Brokerage, clearing and exchange fees | 1,652 | 1,431 | 1,190 |
| Information processing and communications | 1,815 | 1,648 | 1,363 |
| Marketing and business development | 602 | 576 | 500 |
| Professional services | 1,803 | 1,818 | 1,577 |
| Other | 2,450 | 2,200 | 1,649 |
| Total non-interest expenses | 26,289 | 25,156 | 22,150 |
| Income from continuing operations before income taxes | 6,114 | 6,231 | 1,130 |
| Provision for (benefit from) income taxes | 1,418 | 754 | (297) |
| Income from continuing operations | 4,696 | 5,477 | 1,427 |
| Discontinued operations: | |||
| Gain (loss) from discontinued operations | (175) [2] | 577 | (114) |
| Provision for (benefit from) income taxes | (124) | 352 | (93) |
| Net gain (loss) from discontinued operations | (51) | 225 | (21) |
| Net income | 4,645 | 5,702 | 1,406 |
| Net income applicable to noncontrolling interests | 535 | 999 | 60 |
| Net income applicable to Morgan Stanley | 4,110 | 4,703 | 1,346 |
| Earnings (loss) applicable to Morgan Stanley common shareholders | 2,067 | 3,594 | (907) |
| Amounts applicable to Morgan Stanley: | |||
| Income from continuing operations | 4,161 | 4,478 | 1,383 |
| Net gain (loss) from discontinued operations | (51) | 225 | (37) |
| Net income applicable to Morgan Stanley | 4,110 | 4,703 | 1,346 |
| Earnings (loss) per basic common share: | |||
| Income (loss) from continuing operations | 1.28 | 2.49 | (0.73) |
| Net gain (loss) from discontinued operations | (0.03) | 0.15 | (0.04) |
| Earnings (loss) per basic common share | 1.25 | 2.64 | (0.77) |
| Earnings (loss) per diluted common share: | |||
| Income (loss) from continuing operations | 1.26 | 2.45 | (0.73) |
| Net gain (loss) from discontinued operations | (0.03) | 0.18 | (0.04) |
| Earnings (loss) per diluted common share | 1.23 | 2.63 | (0.77) |
| Average common shares outstanding: | |||
| Basic | 1,654,708,640 | 1,361,670,938 | 1,185,414,871 |
| Diluted | 1,675,271,669 | 1,411,268,971 | 1,185,414,871 |
| [1] Interest income and expense are recorded within the consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is included as a component of the instruments fair value, interest is included within Principal transactionsTrading revenues or Principal transactionsInvestments revenues. Otherwise, it is included within Interest income or Interest expense. | |||
| [2] See Notes 1 and 25 for discussion of discontinued operations. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2011 | |||
Condensed Consolidated Statements Of Comprehensive Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Net income | $ 4,645 | 5,702 | 1,406 |
| Other comprehensive income, net of tax: | |||
| Foreign currency translation adjustments | 35 | 221 [1] | 112 |
| Amortization of cash flow hedges | 7 | 9 | 13 [2] |
| Net unrealized gain on Securities available for sale | 87 [3] | 36 | 0 |
| Pension, postretirement and other related adjustments | 251 | (20) [4] | (273) |
| Comprehensive income | 5,025 | 5,948 | 1,258 |
| Net income applicable to noncontrolling interests | 535 | 999 | 60 |
| Other comprehensive income (loss) applicable to noncontrolling interests | 70 | 153 | (8) |
| Comprehensive income applicable to Morgan Stanley | 4,420 | 4,796 | 1,206 |
| [1] Amounts are net of provision for (benefit from) income taxes of $86 million, $(222) million and $(335) million for 2011, 2010 and 2009, respectively. | |||
| [2] Amounts are net of provision for income taxes of $6 million, $6 million and $8 million for 2011, 2010 and 2009, respectively. | |||
| [3] Amounts are net of provision for income taxes of $63 million and $25 million for 2011 and 2010, respectively. | |||
| [4] Amounts are net of provision for (benefit from) income taxes of $153 million, $(10) million and $(161) million for 2011, 2010 and 2009, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2011 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 4,645 | 5,702 | 1,406 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | 413 | (129) | (932) |
| Loss on equity method investees | 995 | 37 | 49 |
| Compensation payable in common stock and options | 1,300 | 1,260 | 1,265 |
| Depreciation and amortization | 1,404 | 1,419 | 1,224 |
| Gain on business dispositions | (24) | (570) | (606) |
| Gain on sale of stake in China International Capital Corporation Limited | 0 | (668) | 0 |
| Gains on curtailments of pension and postretirement plans | 0 | (54) | 0 |
| Gain on sale of securities available for sale | (143) | (102) | 0 |
| (Gain) loss on retirement of long-term debt | (155) | 27 | (491) |
| Insurance reimbursement | 0 | (76) | 0 |
| Loss on assets held for sale | 0 | 1,190 | 0 |
| Impairment charges and other-than-temporary impairment charges | 159 | 201 | 823 |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | (10,274) | 4,532 | 211 |
| Financial instruments owned, net of financial instruments sold, not yet purchased | 25,484 | 19,169 | (26,130) |
| Securities borrowed | 11,656 | 28,771 | (79,449) |
| Securities loaned | 1,368 | 2,848 | 11,666 |
| Receivables, loans and other assets | 1,519 | (9,568) | (2,445) |
| Payables and other liabilities | (6,963) | 697 | 769 |
| Federal funds sold and securities purchased under agreements to resell | 18,098 | (5,045) | (20,499) |
| Securities sold under agreements to repurchase | (42,798) | (9,334) | 67,188 |
| Net cash provided by (used for) operating activities | 6,684 | 40,307 | (45,951) |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Net proceeds from (payments for): | |||
| Premises, equipment and software costs | (1,304) | (1,201) | (2,877) |
| Business acquisitions, net of cash acquired | 0 | (1,042) | (2,160) |
| Business dispositions, net of cash disposed | 0 | 840 | 565 |
| Sale of stake in China International Capital Corporation Limited | 0 | 989 | 0 |
| Japanese securities joint venture with MUFG | (129) | 247 | 0 |
| Purchases of securities available for sale | (20,601) | (29,989) | 0 |
| Sales, maturities and redemptions of securities available for sale | 19,998 | 999 | 0 |
| Net cash provided by (used for) investing activities | (2,036) | (29,157) | (4,472) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net proceeds from (payments for): | |||
| Commercial paper and other short-term borrowings | (413) | 878 | (7,724) |
| Distributions related to noncontrolling interests | (791) | (332) | 0 |
| Derivatives financing activities | (3) | (85) | (85) |
| Other secured financings | 1,867 | (751) | (4,437) |
| Deposits | 1,850 | 1,597 | 10,860 |
| Net proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 0 | 5 | 102 |
| Public offerings and other issuances of common stock | 0 | 5,581 | 6,255 |
| Issuance of long-term borrowings | 32,725 | 32,523 | 43,960 |
| Payments for: | |||
| Long-term borrowings | (39,232) | (28,201) | (33,175) |
| Series D Preferred Stock and Warrant | 0 | 0 | (10,950) |
| Redemption of junior subordinated debentures related to China Investment Corporation Ltd. | 0 | (5,579) | 0 |
| Repurchases of common stock for employee tax withholding | (317) | (317) | (50) |
| Cash dividends | (834) | (1,156) | (1,732) |
| Net cash provided by (used for) financing activities | (5,148) | 4,163 | 3,024 |
| Effect of exchange rate changes on cash and cash equivalents | (314) | 14 | 720 |
| Effect of cash and cash equivalents related to variable interest entities | 511 | 297 | 0 |
| Net increase in cash and cash equivalents | (303) | 15,624 | (46,679) |
| Cash and cash equivalents, at beginning of period | 47,615 | 31,991 | |
| Cash and cash equivalents, at end of period | 47,312 | 47,615 | 31,991 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 13,165 | 7,341 | 6,988 |
| Interest bearing deposits with banks | 34,147 | 40,274 | 25,003 |
| Cash and cash equivalents, at end of period | 47,312 | 47,615 | 31,991 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2011 | ||
Condensed Consolidated Statements Of Financial Condition | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and due from banks ($511 and $297 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities generally not available to the Company) | $ 13,165 | 7,341 |
| Interest bearing deposits with banks | 34,147 | 40,274 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 29,454 | 19,180 |
| Financial instruments owned, at fair value (approximately $140,749 and $129,969 were pledged to various parties at December 31, 2011 and December 31, 2010, respectively): | ||
| U.S. government and agency securities | 63,449 | 48,446 |
| Other sovereign government obligations | 29,059 | 33,908 |
| Corporate and other debt ($3,007 and $3,816 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) | 68,923 | 88,154 |
| Corporate equities ($0 and $625 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) | 47,966 | 68,416 |
| Derivative and other contracts | 48,064 | 51,292 |
| Investments ($1,666 and $1,873 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) | 8,195 | 9,752 |
| Physical commodities | 9,697 | 6,778 |
| Total financial instruments owned, at fair value | 275,353 | 306,746 |
| Securities available for sale, at fair value | 30,495 | 29,649 |
| Securities received as collateral, at fair value | 11,651 | 16,537 |
| Federal funds sold and securities purchased under agreements to resell (includes $112 and $0 at fair value at December 31, 2011 and December 31, 2010, respectively) | 130,155 | 148,253 |
| Securities borrowed | 127,074 | 138,730 |
| Receivables: | ||
| Customers | 33,977 | 35,258 |
| Brokers, dealers and clearing organizations | 5,248 | 9,102 |
| Fees, interest and other | 9,444 | 9,790 |
| Loans (net of allowances of $17 and $82 at December 31, 2011 and December 31, 2010, respectively) | 15,369 | 10,576 |
| Other investments | 4,832 | 5,412 |
| Premises, equipment and software costs (net of accumulated depreciation of $4,852 and $4,476 at December 31, 2011 and December 31, 2010, respectively) ($234 and $321 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) | 6,457 | 6,154 |
| Goodwill | 6,686 | 6,739 |
| Intangible assets (net of accumulated amortization of $910 and $605 at December 31, 2011 and December 31, 2010, respectively) (includes $133 and $157 at fair value at December 31, 2011 and December 31, 2010, respectively) | 4,285 | 4,667 |
| Other assets ($446 and $118 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities, generally not available to the Company) | 12,106 | 13,290 |
| Total assets | 749,898 | 807,698 |
| Liabilities and Equity | ||
| Deposits (includes $2,101 and $3,027 at fair value at December 31, 2011 and December 31, 2010, respectively) | 65,662 | 63,812 |
| Commercial paper and other short-term borrowings (includes $1,339 and $1,799 at fair value at December 31, 2011 and December 31, 2010, respectively) | 2,843 | 3,256 |
| Financial instruments sold, not yet purchased, at fair value: | ||
| U.S. government and agency securities | 19,630 | 27,948 |
| Other sovereign government obligations | 17,141 | 22,250 |
| Corporate and other debt | 8,410 | 10,918 |
| Corporate equities | 24,497 | 19,838 |
| Derivative and other contracts | 46,453 | 47,802 |
| Physical commodities | 16 | 0 |
| Total financial instruments sold, not yet purchased, at fair value | 116,147 | 128,756 |
| Obligation to return securities received as collateral, at fair value | 15,394 | 21,163 |
| Securities sold under agreements to repurchase (includes $348 and $849 at fair value at December 31, 2011 and December 31, 2010, respectively) | 104,800 | 147,598 |
| Securities loaned | 30,462 | 29,094 |
| Other secured financings (includes $14,594 and $8,490 at fair value at December 31, 2011 and December 31, 2010, respectively) ($2,316 and $2,656 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 20,719 [1] | 10,453 |
| Payables: | ||
| Customers | 117,241 | 123,249 |
| Brokers, dealers and clearing organizations | 4,082 | 3,363 |
| Interest and dividends | 2,292 | 2,572 |
| Other liabilities and accrued expenses ($121 and $117 at December 31, 2011 and December 31, 2010, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 15,944 | 16,518 |
| Long-term borrowings (includes $39,663 and $42,709 at fair value at December 31, 2011 and December 31, 2010, respectively) | 184,234 [2] | 192,457 |
| Total liabilities | 679,820 | 742,291 |
| Commitments and contingent liabilities (see Note 13) | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 1,508 | 9,597 |
| Common stock, $0.01 par value; Shares authorized: 3,500,000,000 at December 31, 2011 and December 31, 2010; Shares issued: 1,989,377,171 at December 31, 2011 and 1,603,913,074 at December 31, 2010; Shares outstanding: 1,926,986,130 at December 31, 2011 and 1,512,022,095 at December 31, 2010 | 20 | 16 |
| Paid-in capital | 22,836 | 13,521 |
| Retained earnings | 40,341 | 38,603 |
| Employee stock trust | 3,166 | 3,465 |
| Accumulated other comprehensive loss | (157) | (467) |
| Common stock held in treasury, at cost, $0.01 par value; 62,391,041 shares at December 31, 2011 and 91,890,979 shares at December 31, 2010 | (2,499) | (4,059) |
| Common stock issued to employee trust | (3,166) | (3,465) |
| Total Morgan Stanley shareholders' equity | 62,049 | 57,211 |
| Noncontrolling interests | 8,029 | 8,196 |
| Total equity | 70,078 | 65,407 |
| Total liabilities and equity | 749,898 | 807,698 |
| [1] Amounts include $14,594 million at fair value at December 31, 2011 and $8,490 million at fair value at December 31, 2010. | ||
| [2] Amounts include long-term borrowings issued under the Temporary Liquidity Guarantee Program (TLGP). | Amounts include an increase of approximately $6.3 billion at December 31, 2011, to the carrying amount of certain of the Companys long-term borrowings associated with fair value hedges. The increase to the carrying value associated with fair value hedges by year due was approximately less than $0.1 billion due in 2012, $0.3 billion due in 2013, $0.5 billion due in 2014, $0.8 billion due in 2015, $0.7 bil | ||
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2011 | |
| 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 |