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: 2014 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues: | |||
| Investment banking | $ 5,948 | 5,246 | 4,758 |
| Trading | 9,377 | 9,359 | 6,990 |
| Investments | 836 | 1,777 | 742 |
| Commissions and fees | 4,713 | 4,629 | 4,253 |
| Asset management, distribution and administration fees | 10,570 | 9,638 | 9,008 |
| Other | 1,096 | 1,066 | 632 |
| Total non-interest revenues | 32,540 | 31,715 | 26,383 |
| Interest income | 5,413 | 5,209 | 5,692 |
| Interest expense | 3,678 | 4,431 | 5,897 |
| Net interest | 1,735 | 778 | (205) |
| Net revenues | 34,275 | 32,493 | 26,178 |
| Non-interest expenses: | |||
| Compensation and benefits | 17,824 | 16,277 | 15,615 |
| Occupancy and equipment | 1,433 | 1,499 | 1,543 |
| Brokerage, clearing and exchange fees | 1,806 | 1,711 | 1,535 |
| Information processing and communications | 1,635 | 1,768 | 1,912 |
| Marketing and business development | 658 | 638 | 601 |
| Professional services | 2,117 | 1,894 | 1,922 |
| Other | 5,211 | 4,148 | 2,454 |
| Total non-interest expenses | 30,684 | 27,935 | 25,582 |
| Income from continuing operations before income taxes | 3,591 | 4,558 | 596 |
| Provision for (benefit from) income taxes | (90) | 902 | (161) |
| Income from continuing operations | 3,681 | 3,656 | 757 |
| Discontinued operations: | |||
| Income (loss) from discontinued operations | (19) | (72) | (48) |
| Provision for (benefit from) income taxes | (5) | (29) | (7) |
| Income (loss) from discontinued operations | (14) | (43) | (41) |
| Net income | 3,667 | 3,613 | 716 |
| Net income applicable to redeemable noncontrolling interests | 0 | 222 | 124 |
| Net income applicable to nonredeemable noncontrolling interests | 200 | 459 | 524 |
| Net income applicable to Morgan Stanley | 3,467 | 2,932 | 68 |
| Preferred stock dividends and other | 315 | 277 | 98 |
| Earnings (loss) applicable to Morgan Stanley common shareholders | 3,152 | 2,655 | (30) |
| Amounts applicable to Morgan Stanley: | |||
| Income from continuing operations | 3,481 | 2,975 | 138 |
| Income (loss) from discontinued operations | (14) | (43) | (70) |
| Net income applicable to Morgan Stanley | 3,467 | 2,932 | 68 |
| Earnings (loss) per basic common share: | |||
| Income from continuing operations | 1.65 | 1.42 | 0.02 |
| Net Income (loss) from discontinued operations | (0.01) | (0.03) | (0.04) |
| Earnings (loss) per basic common share | 1.64 | 1.39 | (0.02) |
| Earnings (loss) per diluted common share: | |||
| Income from continuing operations | 1.61 | 1.38 | 0.02 |
| Income (loss) from discontinued operations | (0.01) | (0.02) | (0.04) |
| Earnings (loss) per diluted common share | 1.60 | 1.36 | (0.02) |
| Dividends declared per common share | 0.35 | 0.20 | 0.20 |
| Average common shares outstanding: | |||
| Basic | 1,923,805,397 | 1,905,823,882 | 1,885,774,276 |
| Diluted | 1,970,535,560 | 1,956,519,738 | 1,918,811,270 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2014 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 3,667 | 3,613 | 716 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (491) | (348) [1] | (255) |
| Amortization of cash flow hedges | 4 [2] | 4 | 6 |
| Change in net unrealized gains (losses) on available for sale securities | 209 [3] | (433) | 28 |
| Pension, postretirement and other related adjustments | 29 [4] | (5) | (260) |
| Total other comprehensive income (loss) | (249) | (782) | (481) |
| Comprehensive income (loss) | 3,418 | 2,831 | 235 |
| Net income applicable to redeemable noncontrolling interests | 0 | 222 | 124 |
| Net income applicable to nonredeemable noncontrolling interests | 200 | 459 | 524 |
| Other comprehensive income (loss) applicable to redeemable noncontrolling interests | 0 | 0 | (2) |
| Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests | (94) | (205) | (120) |
| Comprehensive income (loss) applicable to Morgan Stanley | 3,312 | 2,355 | (291) |
| Parenthetical Disclosures | |||
| Foreign currency translation adjustments, provision for income taxes | 352 | 351 | 120 |
| Amortization of cash flow hedges, provision for income taxes | 2 | 3 | 3 |
| Change in net unrealized losses on available for sale securities, provision for (benefit from) income taxes | 142 | (296) | 16 |
| Pension, postretirement and other related adjustments, provision for (benefit from) income taxes | 18 | 8 | (156) |
| [1] Amounts include provision for income taxes of $352 million, $351 million and $120 million for 2014, 2013 and 2012, respectively. | |||
| [2] Amounts include provision for income taxes of $2 million, $3 million and $3 million for 2014, 2013 and 2012, respectively. | |||
| [3] Amounts include provision for (benefit from) income taxes of $142 million, $(296) million and $16 million for 2014, 2013 and 2012, respectively. | |||
| [4] Amounts include provision for (benefit from) income taxes of $18 million, $8 million and $(156) million for 2014, 2013 and 2012, respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 3,667 | 3,613 | 716 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | (231) | (117) | (639) |
| Income from equity method investments | (156) | (451) | (52) |
| Compensation payable in common stock and options | 1,260 | 1,180 | 891 |
| Depreciation and amortization | 1,161 | 1,511 | 1,581 |
| Net gain on sale of available for sale securities | (40) | (45) | (78) |
| Impairment charges | 111 | 198 | 271 |
| Provision for credit losses on lending activities | 23 | 110 | 155 |
| Other operating activities | (72) | 142 | (69) |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | (1,404) | (8,233) | (1,516) |
| Trading assets, net of Trading liabilities | 20,664 | (23,054) | 6,389 |
| Securities borrowed | (7,001) | (8,006) | 5,373 |
| Securities loaned | (7,580) | (4,050) | 6,387 |
| Customer and other receivables and other assets | 3,608 | 6,774 | (10,030) |
| Customer and other payables and other liabilities | 27,971 | 26,697 | (1,283) |
| Securities purchased under agreements to resell | 34,842 | 16,282 | (4,257) |
| Securities sold under agreements to repurchase | (75,692) | 23,002 | 20,920 |
| Net cash provided by (used for) operating activities | 1,131 | 35,553 | 24,759 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Premises, equipment and software, net | (992) | (1,316) | (1,312) |
| Business dispositions, net of cash disposed | 989 | 1,147 | 1,725 |
| Loans | (20,116) | (10,057) | (3,486) |
| Investment securities: | |||
| Purchases of investment securities | (32,623) | (30,557) | (24,477) |
| Proceeds from sales | 12,980 | 11,425 | 10,398 |
| Proceeds from paydowns and maturities | 4,651 | 4,757 | 4,738 |
| Other investing activities | (213) | 140 | (211) |
| Net cash provided by (used for) investing activities | (35,324) | (24,461) | (12,625) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Commercial paper and other short-term borrowings | 119 | 4 | (705) |
| Noncontrolling interests | (189) | (557) | (296) |
| Other secured financings | (2,189) | (10,726) | (6,628) |
| Deposits | 21,165 | 29,113 | 17,604 |
| Proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 101 | 10 | 42 |
| Derivatives financing activities | 855 | 1,003 | 243 |
| Issuance of preferred stock, net of issuance costs | 2,782 | 1,696 | 0 |
| Issuance of long-term borrowings | 36,740 | 27,939 | 23,646 |
| Payments for: | |||
| Long-term borrowings | (33,103) | (38,742) | (43,092) |
| Derivatives financing activities | (776) | (1,216) | (125) |
| Repurchases of common stock and employee tax withholdings | (1,458) | (691) | (227) |
| Purchase of additional stake in Wealth Management JV | 0 | (4,725) | (1,890) |
| Cash dividends | (904) | (475) | (469) |
| Net cash provided by (used for) financing activities | 23,143 | 2,633 | (11,897) |
| Effect of exchange rate changes on cash and cash equivalents | (1,804) | (202) | (119) |
| Effect of cash and cash equivalents related to variable interest entities | (45) | (544) | (526) |
| Net increase (decrease) in cash and cash equivalents | (12,899) | 12,979 | (408) |
| Cash and cash equivalents, at beginning of period | 59,883 | 46,904 | |
| Cash and cash equivalents, at end of period | 46,984 | 59,883 | 46,904 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 21,381 | 16,602 | 20,878 |
| Interest bearing deposits with banks | 25,603 | 43,281 | 26,026 |
| Cash and cash equivalents, at end of period | 46,984 | 59,883 | 46,904 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash payments for interest | 3,575 | 4,793 | 5,213 |
| Cash payments for income taxes | 886 | 930 | 388 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2014 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2014 10-K (Filed: Mar 2, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and due from banks ($45 and $544 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | $ 21,381 | 16,602 |
| Interest bearing deposits with banks | 25,603 | 43,281 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements ($149 and $117 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | 40,607 | 39,203 |
| Trading assets, at fair value ($127,342 and $151,078 were pledged to various parties at December 31, 2014 and December 31, 2013, respectively) ($966 and $2,825 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | 256,801 | 280,744 |
| Investment securities (includes $69,216 and $53,430 at fair value at December 31, 2014 and December 31, 2013, respectively) | 69,316 | 53,430 |
| Securities received as collateral, at fair value | 21,316 | 20,508 |
| Securities purchased under agreements to resell (includes $1,113 and $866 at fair value at December 31, 2014 and December 31, 2013, respectively) | 83,288 | 118,130 |
| Securities borrowed | 136,708 | 129,707 |
| Customer and other receivables | 48,961 | 57,104 |
| Loans | ||
| Held for investment (net of allowances of $149 and $156 at December 31, 2014 and December 31, 2013, respectively) | 57,119 | 36,545 |
| Held for sale | 9,458 | 6,329 |
| Other investments ($467 and $561 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | 4,355 | 5,086 |
| Premises, equipment and software costs (net of accumulated depreciation of $6,219 and $6,420 at December 31, 2014 and December 31, 2013, respectively) ($191 and $201 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | 6,108 | 6,019 |
| Goodwill | 6,588 | 6,595 |
| Intangible assets (net of accumulated amortization of $1,824 and $1,527 at December 31, 2014 and December 31, 2013, respectively) (includes $6 and $8 at fair value at December 31, 2014 and December 31, 2013, respectively) | 3,159 | 3,286 |
| Other assets ($59 and $11 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally not available to the Company) | 10,742 | 10,133 |
| Total assets | 801,510 | 832,702 |
| Liabilities | ||
| Deposits (includes $0 and $185 at fair value at December 31, 2014 and December 31, 2013, respectively). | 133,544 | 112,379 |
| Commercial paper and other short-term borrowings (includes $1,765 and $1,347 at fair value at December 31, 2014 and December 31, 2013, respectively) | 2,261 | 2,142 |
| Trading liabilities, at fair value ($1 and $33 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally non-recourse to the Company) | 107,381 | 104,521 |
| Obligation to return securities received as collateral, at fair value | 25,685 | 24,568 |
| Securities sold under agreements to repurchase (includes $612 and $561 at fair value at December 31, 2014 and December 31, 2013, respectively) | 69,949 | 145,676 |
| Securities loaned | 25,219 | 32,799 |
| Other secured financings (includes $4,504 and $5,206 at fair value at December 31, 2014 and December 31, 2013, respectively) ($348 and $543 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally non-recourse to the Company) | 12,085 | 14,215 |
| Customer and other payables | 181,069 | 157,125 |
| Other liabilities and accrued expenses ($72 and $76 at December 31, 2014 and December 31, 2013, respectively, related to consolidated variable interest entities, generally non-recourse to the Company) | 19,441 | 16,672 |
| Long-term borrowings (includes $31,774 and $35,637 at fair value at December 31, 2014 and December 31, 2013, respectively) | 152,772 | 153,575 |
| Total liabilities | 729,406 | 763,672 |
| Commitments and contingent liabilities | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 6,020 | 3,220 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at December 31, 2014 and December 31, 2013; Shares issued: 2,038,893,979 at December 31, 2014 and December 31, 2013; Shares outstanding: 1,950,980,142 and 1,944,868,751 at December 31, 2014 and December 31, 2013, respectively | 20 | 20 |
| Additional Paid-in capital | 24,249 | 24,570 |
| Retained earnings | 44,625 | 42,172 |
| Employee stock trusts | 2,127 | 1,718 |
| Accumulated other comprehensive loss | (1,248) | (1,093) |
| Common stock held in treasury, at cost, $0.01 par value: Shares outstanding: 87,913,837 and 94,025,228 at December 31, 2014 and December 31, 2013, respectively | (2,766) | (2,968) |
| Common stock issued to employee trusts | (2,127) | (1,718) |
| Total Morgan Stanley shareholders' equity | 70,900 | 65,921 |
| Nonredeemable noncontrolling interests | 1,204 | 3,109 |
| Total equity | 72,104 | 69,030 |
| Total liabilities and equity | 801,510 | 832,702 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2014 | |
| 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 |