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: 2013 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenues: | |||
| Investment banking | $ 5,246 | 4,758 | 4,991 |
| Trading | 9,359 | 6,990 | 12,384 |
| Investments | 1,777 | 742 | 573 |
| Commissions and fees | 4,629 | 4,253 | 5,343 |
| Asset management, distribution and administration fees | 9,638 | 9,008 | 8,409 |
| Other | 990 | 556 | 176 |
| Total non-interest revenues | 31,639 | 26,307 | 31,876 |
| Interest income | 5,209 | 5,692 | 7,234 |
| Interest expense | 4,431 | 5,897 | 6,883 |
| Net interest | 778 | (205) | 351 |
| Net revenues | 32,417 | 26,102 | 32,227 |
| Non-interest expenses: | |||
| Compensation and benefits | 16,277 | 15,615 | 16,325 |
| Occupancy and equipment | 1,499 | 1,543 | 1,544 |
| Brokerage, clearing and exchange fees | 1,711 | 1,535 | 1,633 |
| Information processing and communications | 1,768 | 1,912 | 1,808 |
| Marketing and business development | 638 | 601 | 594 |
| Professional services | 1,894 | 1,922 | 1,793 |
| Other | 4,148 | 2,454 | 2,420 |
| Total non-interest expenses | 27,935 | 25,582 | 26,117 |
| Income from continuing operations before income taxes | 4,482 | 520 | 6,110 |
| Provision for (benefit from) income taxes | 826 | (237) | 1,414 |
| Income from continuing operations | 3,656 | 757 | 4,696 |
| Discontinued operations: | |||
| Gain (loss) from discontinued operations | (72) | (48) | (170) |
| Provision for (benefit from) income taxes | (29) | (7) | (119) |
| Net gain (loss) from discontinued operations | (43) | (41) | (51) |
| Net income | 3,613 | 716 | 4,645 |
| Net income applicable to redeemable noncontrolling interests | 222 | 124 | 0 |
| Net income applicable to nonredeemable noncontrolling interests | 459 | 524 | 535 |
| Net income applicable to Morgan Stanley | 2,932 | 68 | 4,110 |
| Preferred stock dividends | 277 | 98 | 2,043 |
| Earnings (loss) applicable to Morgan Stanley common shareholders | 2,655 | (30) | 2,067 |
| Amounts applicable to Morgan Stanley: | |||
| Income from continuing operations | 2,975 | 138 | 4,168 |
| Net gain (loss) from discontinued operations | (43) | (70) | (58) |
| Net income applicable to Morgan Stanley | 2,932 | 68 | 4,110 |
| Earnings (loss) per basic common share: | |||
| Income from continuing operations | 1.42 | 0.02 | 1.28 |
| Net gain (loss) from discontinued operations | (0.03) | (0.04) | (0.03) |
| Earnings (loss) per basic common share | 1.39 | (0.02) | 1.25 |
| Earnings (loss) per diluted common share: | |||
| Income from continuing operations | 1.38 | 0.02 | 1.27 |
| Net gain (loss) from discontinued operations | (0.02) | (0.04) | (0.04) |
| Earnings (loss) per diluted common share | 1.36 | (0.02) | 1.23 |
| Dividends declared per common share | 0.20 | 0.20 | 0.20 |
| Average common shares outstanding: | |||
| Basic | 1,905,823,882 | 1,885,774,276 | 1,654,708,640 |
| Diluted | 1,956,519,738 | 1,918,811,270 | 1,675,271,669 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 3,613 | 716 | 4,645 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (348) | (255) [1] | 35 |
| Amortization of cash flow hedges | 4 [2] | 6 | 7 |
| Change in net unrealized gains (losses) on securities available for sale | (433) | 28 [3] | 87 |
| Pension, postretirement and other related adjustments | (5) [4] | (260) | 251 |
| Total other comprehensive income (loss) | (782) | (481) | 380 |
| Comprehensive income | 2,831 | 235 | 5,025 |
| Net income applicable to redeemable noncontrolling interests | 222 | 124 | 0 |
| Net income applicable to nonredeemable noncontrolling interests | 459 | 524 | 535 |
| Other comprehensive income (loss) applicable to redeemable noncontrolling interests | 0 | (2) | 0 |
| Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests | (205) | (120) | 70 |
| Comprehensive income (loss) applicable to Morgan Stanley | 2,355 | (291) | 4,420 |
| Parenthetical Disclosures | |||
| Foreign currency translation adjustments, provision for income taxes | 351 | 120 | 86 |
| Amortization of cash flow hedges, provision for income taxes | 3 | 3 | 6 |
| Change in net unrealized gains (losses) on securities available for sale, provision for (benefit from) income taxes | (296) | 16 | 63 |
| Pension, postretirement and other related adjustments, provision for (benefit from) income taxes | 8 | (156) | 153 |
| [1] Amounts are net of provision for income taxes of $351 million, $120 million and $86 million for 2013, 2012 and 2011, respectively. | |||
| [2] Amounts are net of provision for income taxes of $3 million, $3 million and $6 million for 2013, 2012 and 2011, respectively. | |||
| [3] Amounts are net of provision for (benefit from) income taxes of $(296) million, $16 million and $63 million for 2013, 2012 and 2011, respectively. | |||
| [4] Amounts are net of provision for (benefit from) income taxes of $8 million, $(156) million and $153 million for 2013, 2012 and 2011, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 3,613 | 716 | 4,645 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Deferred income taxes | (117) | (639) | 413 |
| (Income) loss on equity method investees | (375) | 23 | 995 |
| Compensation payable in common stock and options | 1,180 | 891 | 1,300 |
| Depreciation and amortization | 1,511 | 1,581 | 1,404 |
| Net gain on business dispositions | (34) | (156) | (24) |
| Net gain on sale of securities available for sale | (45) | (78) | (143) |
| Impairment charges | 198 | 271 | 159 |
| Provision for credit losses on lending activities | 110 | 155 | (113) |
| Other non-cash adjustments to net income | 100 | 12 | (131) |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | (8,233) | (1,516) | (10,274) |
| Trading assets, net of Trading liabilities | (23,054) | 6,389 | 29,913 |
| Securities borrowed | (8,006) | 5,373 | 11,656 |
| Securities loaned | (4,050) | 6,387 | 1,368 |
| Customer and other receivables and other assets | 6,774 | (10,030) | 5,899 |
| Customer and other payables and other liabilities | 26,697 | (1,283) | (6,985) |
| Federal funds sold and securities purchased under agreements to resell | 16,282 | (4,257) | 18,098 |
| Securities sold under agreements to repurchase | 23,002 | 20,920 | (42,798) |
| Net cash provided by operating activities | 35,553 | 24,759 | 15,382 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Premises, equipment and software | (1,316) | (1,312) | (1,304) |
| Business dispositions, net of cash disposed | 1,147 | 1,725 | 0 |
| Japanese securities joint venture with MUFG | 0 | 0 | (129) |
| Loans | (10,057) | (3,486) | (9,208) |
| Purchases of securities available for sale | (30,557) | (24,477) | (20,601) |
| Sales of securities available for sale | 11,425 | 10,398 | 17,064 |
| Maturities and redemptions of securities available for sale | 4,757 | 4,738 | 2,934 |
| Other investing activities | 140 | (211) | 510 |
| Net cash used for investing activities | (24,461) | (12,625) | (10,734) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Commercial paper and other short-term borrowings | 4 | (705) | (413) |
| Noncontrolling interests | (557) | (296) | (791) |
| Other secured financings | (10,726) | (6,628) | 1,867 |
| Deposits | 29,113 | 17,604 | 1,850 |
| Proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 10 | 42 | 0 |
| Derivatives financing activities | 1,003 | 243 | 129 |
| Issuance of preferred stock, net of issuance costs | 1,696 | 0 | 0 |
| Issuance of long-term borrowings | 27,939 | 23,646 | 32,725 |
| Payments for: | |||
| Long-term borrowings | (38,742) | (43,092) | (39,232) |
| Derivatives financing activities | (1,216) | (125) | (132) |
| Repurchases of common stock | (691) | (227) | (317) |
| Purchase of additional stake in Wealth Management JV | (4,725) | (1,890) | 0 |
| Cash dividends | (475) | (469) | (834) |
| Net cash provided by (used for) financing activities | 2,633 | (11,897) | (5,148) |
| Effect of exchange rate changes on cash and cash equivalents | (202) | (119) | (314) |
| Effect of cash and cash equivalents related to variable interest entities | (544) | (526) | 511 |
| Net increase (decrease) in cash and cash equivalents | 12,979 | (408) | (303) |
| Cash and cash equivalents, at beginning of period | 46,904 | 47,312 | |
| Cash and cash equivalents, at end of period | 59,883 | 46,904 | 47,312 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 16,602 | 20,878 | 13,165 |
| Interest bearing deposits with banks | 43,281 | 26,026 | 34,147 |
| Cash and cash equivalents, at end of period | 59,883 | 46,904 | 47,312 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash payments for interest | 4,793 | 5,213 | 6,835 |
| Cash payments for income taxes | 930 | 388 | 892 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2013 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 25, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Cash and due from banks ($544 and $526 at December 31, 2013 and December 31, 2012, respectiively, related to consolidated variable interest entities generally not available to the Company) | $ 16,602 | 20,878 |
| Interest bearing deposits with banks | 43,281 | 26,026 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 39,203 | 30,970 |
| Trading assets, at fair value (approximately $151,078 and $147,348 were pledged to various parties at December 31, 2013 and December 31, 2012, respectively; $2,825 and $3,505 related to consolidated variable interest entities, generally not available to the Company at December 31, 2013 and December 31, 2012, respectively) | 280,744 | 267,603 |
| Securities available for sale, at fair value | 53,430 | 39,869 |
| Securities received as collateral, at fair value | 20,508 | 14,278 |
| Federal funds sold and securities purchased under agreements to resell (includes $866 and $621 at fair value at December 31, 2013 and December 31, 2012, respectively) | 118,130 | 134,412 |
| Securities borrowed | 129,707 | 121,701 |
| Customer and other receivables | 57,104 | 64,288 |
| Loans | ||
| Held for investment (net of allowances of $156 and $106 at December 31, 2013 and December 31, 2012, respectively) | 36,545 | 23,917 |
| Held for sale | 6,329 | 5,129 |
| Other investments | 5,086 | 4,999 |
| Premises, equipment and software costs (net of accumulated depreciation of $6,420 and $5,525 at December 31, 2013 and December 31, 2012, respectively) ($201 and $224 at December 31, 2013 and December 31, 2012, respectively, related to consolidated variable interest entities, generally not available to the Company) | 6,019 | 5,946 |
| Goodwill | 6,595 | 6,650 |
| Intangible assets (net of accumulated amortization of $1,703 and $1,250 at December 31,2013 and December 31, 2012, respectively) (includes $8 and $7 at fair value at December 31, 2013 and December 31, 2012, respectively) | 3,286 | 3,783 |
| Other assets ($11 and $593 at December 31, 2013 and December 31, 2012, respectively, related to consolidated variable interest entities, generally not available to the Company) | 10,133 | 10,511 |
| Total assets | 832,702 | 780,960 |
| Liabilities | ||
| Deposits (includes $185 and $1,485 at fair value at December 31, 2013 and December 31, 2012, respectively). | 112,379 | 83,266 |
| Commercial paper and other short-term borrowings (includes $1,347 and $725 at fair value at December 31, 2013 and December 31, 2012, respectively) | 2,142 | 2,138 |
| Trading liabilities, at fair value | 104,521 | 120,122 |
| Obligation to return securities received as collateral, at fair value | 24,568 | 18,226 |
| Securities sold under agreements to repurchase (includes $561 and $363 at fair value at December 31, 2013 and December 31, 2012, respectively) | 145,676 | 122,674 |
| Securities loaned | 32,799 | 36,849 |
| Other secured financings (includes $5,206 and $9,466 at fair value at December 31,2013 and December 31, 2012, respectively) ($543 and $976 at December 31, 2013 and December 31, 2012, respectively, related to consolidated variable entities and are non-recourse to the Company) | 14,215 | 15,727 |
| Customer and other payables | 157,125 | 127,722 |
| Other liabilities and accrued expenses ($76 and $117 at December 31, 2013 and December 31, 2012, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 16,672 | 14,928 |
| Long-term borrowings (includes $35,637 and $44,044 at fair value at December 31, 2013 and December 31, 2012, respectively) | 153,575 | 169,571 |
| Total liabilities | 763,672 | 711,223 |
| Commitments and contingent liabilities | ||
| Redeemable noncontrolling interests | 0 | 4,309 |
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 3,220 | 1,508 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at December 31, 2013 and December 31, 2012; Shares issued: 2,038,893,979 at December 31, 2013 and December 31, 2012; Shares outstanding: 1,944,868,751 at December 31, 2013 and 1,974,042,123 at December 31, 2012 | 20 | 20 |
| Additional Paid-in capital | 24,570 | 23,426 |
| Retained earnings | 42,172 | 39,912 |
| Employee stock trusts | 1,718 | 2,932 |
| Accumulated other comprehensive loss | (1,093) | (516) |
| Common stock held in treasury, at cost, $0.01 par value; 94,025,228 shares at December 31, 2013 and 64,851,856 shares at December 31, 2012 | (2,968) | (2,241) |
| Common stock issued to employee trusts | (1,718) | (2,932) |
| Total Morgan Stanley shareholders' equity | 65,921 | 62,109 |
| Nonredeemable noncontrolling interests | 3,109 | 3,319 |
| Total equity | 69,030 | 65,428 |
| Total liabilities, redeemable noncontrolling interests and equity | 832,702 | 780,960 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2013 | |
| 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 |