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: 2012 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Revenues: | |||
| Investment banking | $ 4,758 | 4,991 | 5,122 |
| Principal transactions: | |||
| Trading | 6,991 | 12,384 | 9,393 |
| Investments | 742 | 573 | 1,825 |
| Commissions and fees | 4,257 | 5,347 | 4,913 |
| Asset management, distribution and administration fees | 9,008 | 8,410 | 7,843 |
| Other | 555 | 175 | 1,236 |
| Total non-interest revenues | 26,311 | 31,880 | 30,332 |
| Interest income | 5,725 | 7,258 | 7,305 |
| Interest expense | 5,924 | 6,902 | 6,407 |
| Net interest | (199) | 356 | 898 |
| Net revenues | 26,112 | 32,236 | 31,230 |
| Non-interest expenses: | |||
| Compensation and benefits | 15,622 | 16,333 | 15,866 |
| Occupancy and equipment | 1,546 | 1,548 | 1,544 |
| Brokerage, clearing and exchange fees | 1,536 | 1,633 | 1,416 |
| Information processing and communications | 1,913 | 1,811 | 1,645 |
| Marketing and business development | 602 | 595 | 571 |
| Professional services | 1,923 | 1,794 | 1,808 |
| Other | 2,455 | 2,423 | 2,182 |
| Total non-interest expenses | 25,597 | 26,137 | 25,032 |
| Income from continuing operations before income taxes | 515 | 6,099 | 6,198 |
| Provision for (benefit from) income taxes | (239) | 1,410 | 743 |
| Income from continuing operations | 754 | 4,689 | 5,455 |
| Discontinued operations: | |||
| Gain (loss) from discontinued operations | (43) [1] | (160) | 610 |
| Provision for (benefit from) income taxes | (5) | (116) | 363 |
| Net gain (loss) from discontinued operations | (38) | (44) | 247 |
| Net income | 716 | 4,645 | 5,702 |
| Net income applicable to redeemable noncontrolling interests | 124 | 0 | 0 |
| Net income applicable to nonredeemable noncontrolling interests | 524 | 535 | 999 |
| Net income (loss) applicable to Morgan Stanley | 68 | 4,110 | 4,703 |
| Earnings (loss) applicable to Morgan Stanley common shareholders | (30) | 2,067 | 3,594 |
| Amounts applicable to Morgan Stanley: | |||
| Income from continuing operations | 135 | 4,161 | 4,469 |
| Net gain (loss) from discontinued operations | (67) | (51) | 234 |
| Net income (loss) applicable to Morgan Stanley | 68 | 4,110 | 4,703 |
| Earnings (loss) per basic common share: | |||
| Income (loss) from continuing operations | 0.02 | 1.28 | 2.48 |
| Net gain (loss) from discontinued operations | (0.04) | (0.03) | 0.16 |
| Earnings (loss) per basic common share | (0.02) | 1.25 | 2.64 |
| Earnings (loss) per diluted common share: | |||
| Income (loss) from continuing operations | 0.02 | 1.26 | 2.45 |
| Net gain (loss) from discontinued operations | (0.04) | (0.03) | 0.18 |
| Earnings (loss) per diluted common share | (0.02) | 1.23 | 2.63 |
| Dividends declared per common share | 0.20 | 0.20 | 0.20 |
| Average common shares outstanding: | |||
| Basic | 1,885,774,276 | 1,654,708,640 | 1,361,670,938 |
| Diluted | 1,918,811,270 | 1,675,271,669 | 1,411,268,971 |
| [1] Amounts included eliminations of intersegment activity. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2012 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net income | $ 716 | 4,645 | 5,702 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (255) | 35 [1] | 221 |
| Amortization of cash flow hedges | 6 [2] | 7 | 9 |
| Net unrealized gains on Securities available for sale | 28 | 87 [3] | 36 |
| Pension, postretirement and other related adjustments | (260) | 251 [4] | (20) |
| Total other comprehensive income (loss) | (481) | 380 | 246 |
| Comprehensive income | 235 | 5,025 | 5,948 |
| Net income applicable to redeemable noncontrolling interests | 124 | 0 | 0 |
| Net income applicable to nonredeemable noncontrolling interests | 524 | 535 | 999 |
| Other comprehensive income (loss) applicable to redeemable noncontrolling interests | (2) | 0 | 0 |
| Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests | (120) | 70 | 153 |
| Comprehensive income (loss) applicable to Morgan Stanley | (291) | 4,420 | 4,796 |
| Parenthetical Disclosures | |||
| Foreign currency translation adjustments, provision for (benefit from) income taxes | 120 | 86 | (222) |
| Amortization of cash flow hedges, provision for income taxes | 3 | 6 | 6 |
| Net unrealized gain on securities available for sale, provision for income taxes | 16 | 63 | 25 |
| Pension, postretirement and other related adjustments, provision for (benefit from) income taxes | (156) | 153 | (10) |
| [2] Amounts are net of provision for income taxes of $3 million, $6 million and $6 million for 2012, 2011 and 2010, respectively. | |||
| [3] Amounts are net of provision for income taxes of $16 million, $63 million and $25 million for 2012, 2011 and 2010, respectively. | |||
| [4] Amounts are net of provision for (benefit from) income taxes of $(156) million, $153 million and $(10) million for 2012, 2011 and 2010, respectively. | |||
| [1] Amounts are net of provision for (benefit from) income taxes of $120 million, $86 million and $(222) million for 2012, 2011 and 2010, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 716 | 4,645 | 5,702 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Deferred income taxes | (639) | 413 | (129) |
| Loss on equity method investees | 23 | 995 | 37 |
| Compensation payable in common stock and options | 891 | 1,300 | 1,260 |
| Depreciation and amortization | 1,581 | 1,404 | 1,419 |
| Gain on business dispositions | (156) | (24) | (570) |
| Gain on sale of stake in China International Capital Corporation Limited | 0 | 0 | (668) |
| Gains on curtailments of pension and postretirement plans | 0 | 0 | (54) |
| Gain on sale of securities available for sale | (78) | (143) | (102) |
| (Gain) loss on retirement of long-term debt | (29) | (155) | 27 |
| Insurance reimbursement | 0 | 0 | (76) |
| Loss on Revel | 0 | 0 | 1,190 |
| Impairment charges and other-than-temporary impairment charges | 271 | 159 | 201 |
| Provision for lending activities | 155 | (113) | 0 |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | (1,516) | (10,274) | 4,532 |
| Financial instruments owned, net of financial instruments sold, not yet purchased | 6,389 | 29,913 | 16,400 |
| Securities borrowed | 5,373 | 11,656 | 28,771 |
| Securities loaned | 6,387 | 1,368 | 2,848 |
| Receivables, and other assets | (10,200) | 6,433 | (6,492) |
| Payables and other liabilities | (1,283) | (6,985) | 697 |
| Federal funds sold and securities purchased under agreements to resell | (4,257) | 18,098 | (5,045) |
| Securities sold under agreements to repurchase | 20,920 | (42,798) | (9,334) |
| Net cash provided by operating activities | 24,548 | 15,892 | 40,614 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Net proceeds from (payments for): | |||
| Premises, equipment and software costs | (1,312) | (1,304) | (1,201) |
| Business acquisitions, net of cash acquired | 0 | 0 | (1,042) |
| Business dispositions, net of cash disposed | 1,725 | 0 | 840 |
| Sale of stake in China International Capital Corporation Limited | 0 | 0 | 989 |
| Japanese securities joint venture with MUFG | 0 | (129) | 247 |
| Loans | (3,486) | (9,208) | (307) |
| Purchases of securities available for sale | (24,477) | (20,601) | (29,989) |
| Sales, maturities and redemptions of securities available for sale | 15,136 | 19,998 | 999 |
| Net cash provided by (used for) investing activities | (12,414) | (11,244) | (29,464) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net proceeds from (payments for): | |||
| Commercial paper and other short-term borrowings | (705) | (413) | 878 |
| Distributions related to noncontrolling interests | (296) | (791) | (332) |
| Derivatives financing activities | 118 | (3) | (85) |
| Other secured financings | (6,628) | 1,867 | (751) |
| Deposits | 17,604 | 1,850 | 1,597 |
| Net proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 42 | 0 | 5 |
| Public offerings and other issuances of common stock | 0 | 0 | 5,581 |
| Issuance of long-term borrowings | 23,646 | 32,725 | 32,523 |
| Payments for: | |||
| Long-term borrowings | (43,092) | (39,232) | (28,201) |
| Redemption of junior subordinated debentures related to China Investment Corporation Limited | 0 | 0 | (5,579) |
| Repurchases of common stock for employee tax withholding | (227) | (317) | (317) |
| Purchase of additional stake in the Wealth Management Joint Venture from Citi | (1,890) | 0 | 0 |
| Cash dividends | (469) | (834) | (1,156) |
| Net cash provided by (used for) financing activities | (11,897) | (5,148) | 4,163 |
| Effect of exchange rate changes on cash and cash equivalents | (119) | (314) | 14 |
| Effect of cash and cash equivalents related to variable interest entities | (526) | 511 | 297 |
| Net increase (decrease) in cash and cash equivalents | (408) | (303) | 15,624 |
| Cash and cash equivalents, at beginning of period | 47,312 | 47,615 | |
| Cash and cash equivalents, at end of period | 46,904 | 47,312 | 47,615 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 20,878 | 13,165 | 7,341 |
| Interest bearing deposits with banks | 26,026 | 34,147 | 40,274 |
| Cash and cash equivalents, at end of period | 46,904 | 47,312 | 47,615 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash payments for interest | 5,213 | 6,835 | 5,891 |
| Cash payments for income taxes | 388 | 892 | 1,091 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2012 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and due from banks ($526 and $511 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities generally not available to the Company) | $ 20,878 | 13,165 |
| Interest bearing deposits with banks | 26,026 | 34,147 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 30,970 | 29,454 |
| Financial instruments owned, at fair value (approximately $147,348 and $140,749 were pledged to various parties at December 31, 2012 and December 31, 2011, respectively): | ||
| U.S. government and agency securities | 54,015 | 63,449 |
| Other sovereign government obligations | 43,162 | 29,059 |
| Corporate and other debt ($1,602 and $3,007 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 49,157 | 68,923 |
| Corporate equities | 69,427 | 47,966 |
| Derivative and other contracts | 36,197 | 48,064 |
| Investments ($1,888 and $1,666 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 8,346 | 8,195 |
| Physical commodities | 7,299 | 9,697 |
| Total financial instruments owned, at fair value | 267,603 | 275,353 |
| Securities available for sale, at fair value | 39,869 | 30,495 |
| Securities received as collateral, at fair value | 14,278 | 11,651 |
| Federal funds sold and securities purchased under agreements to resell (includes $621 and $112 at fair value at December 31, 2012 and December 31, 2011, respectively) | 134,412 | 130,155 |
| Securities borrowed | 121,701 | 127,074 |
| Receivables: | ||
| Customers | 46,197 | 33,977 |
| Brokers, dealers and clearing organizations | 7,335 | 5,248 |
| Fees, interest and other | 10,756 | 9,444 |
| Loans (net of allowances of $106 and $17 at December 31, 2012 and December 31, 2011, respectively) | 29,046 | 15,369 |
| Other investments | 4,999 | 4,832 |
| Premises, equipment and software costs (net of accumulated depreciation of $5,525 and $4,852 at December 31, 2012 and December 31, 2011, respectively) ($224 and $234 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 5,946 | 6,457 |
| Goodwill | 6,650 | 6,686 |
| Intangible assets (net of accumulated amortization of $1,250 and $910 at December 31, 2012 and December 31, 2011, respectively) (includes $7 and $133 at fair value at December 31, 2012 and December 31, 2011, respectively) | 3,783 | 4,285 |
| Other assets ($593 and $446 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 10,511 | 12,106 |
| Total assets | 780,960 | 749,898 |
| Liabilities and Equity | ||
| Deposits (includes $1,485 and $2,101 at fair value at December 31, 2012 and December 31, 2011, respectively) | 83,266 | 65,662 |
| Commercial paper and other short-term borrowings (includes $725 and $1,339 at fair value at December 31, 2012 and December 31, 2011, respectively) | 2,138 | 2,843 |
| Financial instruments sold, not yet purchased, at fair value: | ||
| U.S. government and agency securities | 21,620 | 19,630 |
| Other sovereign government obligations | 29,614 | 17,141 |
| Corporate and other debt | 5,054 | 8,410 |
| Corporate equities | 26,876 | 24,497 |
| Derivative and other contracts | 36,958 | 46,453 |
| Physical commodities | 0 | 16 |
| Total financial instruments sold, not yet purchased, at fair value | 120,122 | 116,147 |
| Obligation to return securities received as collateral, at fair value | 18,226 | 15,394 |
| Securities sold under agreements to repurchase (includes $363 and $348 at fair value at December 31, 2012 and December 31, 2011, respectively) | 122,674 | 104,800 |
| Securities loaned | 36,849 | 30,462 |
| Other secured financings (includes $9,466 and $14,594 at fair value at December 31, 2012 and December 31, 2011, respectively) ($976 and $2,316 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 15,727 | 20,719 [1] |
| Payables: | ||
| Customers | 122,540 | 117,241 |
| Brokers, dealers and clearing organizations | 2,497 | 4,082 |
| Interest and dividends | 2,685 | 2,292 |
| Other liabilities and accrued expenses ($117 and $121 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 14,928 | 15,944 |
| Long-term borrowings (includes $44,044 and $39,663 at fair value at December 31, 2012 and December 31, 2011, respectively) | 169,571 | 184,234 |
| Total liabilities | 711,223 | 679,820 |
| Commitments and contingent liabilities | ||
| Redeemable noncontrolling interest | 4,309 | 0 |
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 1,508 | 1,508 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at December 31, 2012 and December 31, 2011; Shares issued: 2,038,893,979 at December 31, 2012 and 1,989,377,171 at December 31, 2011; Shares outstanding: 1,974,042,123 at December 31, 2012 and 1,926,986,130 at December 31, 2011 | 20 | 20 |
| Paid-in capital | 23,426 | 22,836 |
| Retained earnings | 39,912 | 40,341 |
| Employee stock trust | 2,932 | 3,166 |
| Accumulated other comprehensive loss | (516) | (157) |
| Common stock held in treasury, at cost, $0.01 par value; 64,851,856 shares at December 31, 2012 and 62,391,041 shares at December 31, 2011 | (2,241) | (2,499) |
| Common stock issued to employee trust | (2,932) | (3,166) |
| Total Morgan Stanley shareholders' equity | 62,109 | 62,049 |
| Nonredeemable noncontrolling interests | 3,319 | 8,029 |
| Total equity | 65,428 | 70,078 |
| Total liabilities, redeemable noncontrolling interests and equity | 780,960 | 749,898 |
| [1] Amounts include $9,466 million at fair value at December 31, 2012 and $14,594 million at fair value at December 31, 2011. | ||
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2012 | |
| 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 |