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: 2015 | |||
Consolidated Statements of Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Revenues: | |||
| Investment banking | $ 5,594 | 5,948 | 5,246 |
| Trading | 10,114 | 9,377 | 9,359 |
| Investments | 541 | 836 | 1,777 |
| Commissions and fees | 4,554 | 4,713 | 4,629 |
| Asset management, distribution and administration fees | 10,766 | 10,570 | 9,638 |
| Other | 493 | 1,096 | 1,066 |
| Total non-interest revenues | 32,062 | 32,540 | 31,715 |
| Interest income | 5,835 | 5,413 | 5,209 |
| Interest expense | 2,742 | 3,678 | 4,431 |
| Net interest | 3,093 | 1,735 | 778 |
| Net revenues | 35,155 | 34,275 | 32,493 |
| Non-interest expenses: | |||
| Compensation and benefits | 16,016 | 17,824 | 16,277 |
| Occupancy and equipment | 1,382 | 1,433 | 1,499 |
| Brokerage, clearing and exchange fees | 1,892 | 1,806 | 1,711 |
| Information processing and communications | 1,767 | 1,635 | 1,768 |
| Marketing and business development | 681 | 658 | 638 |
| Professional services | 2,298 | 2,117 | 1,894 |
| Other | 2,624 | 5,211 | 4,148 |
| Total non-interest expenses | 26,660 | 30,684 | 27,935 |
| Income from continuing operations before income taxes | 8,495 | 3,591 | 4,558 |
| Provision for (benefit from) income taxes | 2,200 | (90) | 902 |
| Income from continuing operations | 6,295 | 3,681 | 3,656 |
| Discontinued operations: | |||
| Income (loss) from discontinued operations before income taxes | (23) | (19) | (72) |
| Provision for (benefit from) income taxes | (7) | (5) | (29) |
| Income (loss) from discontinued operations | (16) | (14) | (43) |
| Net income | 6,279 | 3,667 | 3,613 |
| Net income applicable to redeemable noncontrolling interests | 0 | 0 | 222 |
| Net income applicable to nonredeemable noncontrolling interests | 152 | 200 | 459 |
| Net income applicable to Morgan Stanley | 6,127 | 3,467 | 2,932 |
| Preferred stock dividends and other | 456 | 315 | 277 |
| Earnings applicable to Morgan Stanley common shareholders | 5,671 | 3,152 | 2,655 |
| Earnings (loss) per basic common share: | |||
| Income from continuing operations | 2.98 | 1.65 | 1.42 |
| Income (loss) from discontinued operations | (0.01) | (0.01) | (0.03) |
| Earnings per basic common share | 2.97 | 1.64 | 1.39 |
| Earnings per diluted common share: | |||
| Income from continuing operations | 2.91 | 1.61 | 1.38 |
| Income (loss) from discontinued operations | (0.01) | (0.01) | (0.02) |
| Earnings per diluted common share | 2.90 | 1.60 | 1.36 |
| Dividends declared per common share | 0.55 | 0.35 | 0.20 |
| Average common shares outstanding: | |||
| Basic | 1,909,116,527 | 1,923,805,397 | 1,905,823,882 |
| Diluted | 1,952,815,453 | 1,970,535,560 | 1,956,519,738 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2015 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net income | $ 6,279 | 3,667 | 3,613 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (304) | (491) [1] | (348) |
| Change in net unrealized gains (losses) on available for sale securities | (246) [2] | 209 | (433) |
| Pension, postretirement and other | 138 [3] | 33 | (1) |
| Total other comprehensive income (loss) | (412) | (249) | (782) |
| Comprehensive income | 5,867 | 3,418 | 2,831 |
| Net income applicable to redeemable noncontrolling interests | 0 | 0 | 222 |
| Net income applicable to nonredeemable noncontrolling interests | 152 | 200 | 459 |
| Other comprehensive income (loss) applicable to nonredeemable noncontrolling interests | (4) | (94) | (205) |
| Comprehensive income applicable to Morgan Stanley | 5,719 | 3,312 | 2,355 |
| Parenthetical Disclosures | |||
| Foreign currency translation adjustments, provision for income taxes | 185 | 352 | 351 |
| Change in net unrealized gains (losses) on securities available for sale, provision for (benefit from) income taxes | (143) | 142 | (296) |
| Pension, postretirement and other adjustments, provision for (benefit from) income taxes | 73 | 20 | 11 |
| [1] Amounts include provision for (benefit from) income taxes of $ 185 million, $ 352 million and $ 351 million for 2015 , 2014 and 2013 , respectively. | |||
| [2] Amounts include provision for (benefit from) income taxes of $ (143) million, $ 142 million and $ (296) million for 2015 , 2014 and 2013 , respectively. | |||
| [3] Amounts include provision for (benefit from) income taxes of $ 73 million, $ 20 million and $ 11 million for 2015 , 2014 and 2013 , respectively. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $ 6,279 | 3,667 | 3,613 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Deferred income taxes | 1,189 | (231) | (117) |
| Income from equity method investments | (114) | (156) | (451) |
| Compensation payable in common stock and options | 1,104 | 1,260 | 1,180 |
| Depreciation and amortization | 1,433 | 1,161 | 1,511 |
| Net gain on sale of available for sale securities | (84) | (40) | (45) |
| Impairment charges | 69 | 111 | 198 |
| Provision for credit losses on lending activities | 123 | 23 | 110 |
| Other operating adjustments | 322 | (72) | 142 |
| Changes in assets and liabilities: | |||
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 9,138 | (1,404) | (8,233) |
| Trading assets, net of Trading liabilities | 29,471 | 20,619 | (23,598) |
| Securities borrowed | (5,708) | (7,001) | (8,006) |
| Securities loaned | (5,861) | (7,580) | (4,050) |
| Customer and other receivables and other assets | (434) | 3,608 | 6,774 |
| Customer and other payables and other liabilities | 4,373 | 27,971 | 26,697 |
| Securities purchased under agreements to resell | (4,369) | 34,842 | 16,282 |
| Securities sold under agreements to repurchase | (33,257) | (75,692) | 23,002 |
| Net cash provided by operating activities | 3,674 | 1,086 | 35,009 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Premises, equipment and software net | (1,373) | (992) | (1,316) |
| Business dispositions, net of cash disposed | 998 | 989 | 1,147 |
| Loans | |||
| Changes in loans, net | (15,816) | (20,116) | (10,057) |
| Investment securities: | |||
| Purchases | (47,291) | (32,623) | (30,557) |
| Proceeds from sales | 37,926 | 12,980 | 11,425 |
| Proceeds from paydowns and maturities | 5,663 | 4,651 | 4,757 |
| Other investing activities | (102) | (213) | 140 |
| Net cash used for investing activities | (19,995) | (35,324) | (24,461) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Short-term borrowings | (88) | 119 | 4 |
| Noncontrolling interests | (96) | (189) | (557) |
| Other secured financings | (2,370) | (2,189) | (10,726) |
| Deposits | 22,490 | 21,165 | 29,113 |
| Proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 211 | 101 | 10 |
| Derivatives financing activities | 512 | 855 | 1,003 |
| Proceeds from preferred stock offering | 1,493 | 2,782 | 1,696 |
| Issuance of long-term borrowings | 34,182 | 36,740 | 27,939 |
| Payments for: | |||
| Long-term borrowings | (27,289) | (33,103) | (38,742) |
| Derivatives financing activities | (452) | (776) | (1,216) |
| Repurchases of common stock and employee tax withholdings | (2,773) | (1,458) | (691) |
| Purchase of additional stake in Wealth Management JV | 0 | 0 | (4,725) |
| Cash dividends | (1,455) | (904) | (475) |
| Net cash provided by (used for) financing activities | 24,365 | 23,143 | 2,633 |
| Effect of exchange rate changes on cash and cash equivalents | (945) | (1,804) | (202) |
| Net increase (decrease) in cash and cash equivalents | 7,099 | (12,899) | 12,979 |
| Cash and cash equivalents, at beginning of period | 46,984 | 59,883 | |
| Cash and cash equivalents, at end of period | 54,083 | 46,984 | 59,883 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 19,827 | 21,381 | 16,602 |
| Interest bearing deposits with banks | 34,256 | 25,603 | 43,281 |
| Cash and cash equivalents, at end of period | 54,083 | 46,984 | 59,883 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | |||
| Cash payments for interest | 2,672 | 3,575 | 4,793 |
| Cash payments for income taxes, net of refunds | 677 | 886 | 930 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2015 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 23, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and due from banks ($14 and $45 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | $ 19,827 | 21,381 |
| Interest bearing deposits with banks | 34,256 | 25,603 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements ($186 and $149 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | 31,469 | 40,607 |
| Trading assets, at fair value ($127,627 and $127,342 were pledged to various parties at December 31, 2015 and December 31, 2014, respectively) ($722 and $966 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | 228,280 | 256,801 |
| Investment securities (includes $66,759 and $69,216 at fair value at December 31, 2015 and December 31, 2014, respectively) | 71,983 | 69,316 |
| Securities received as collateral, at fair value | 11,225 | 21,316 |
| Securities purchased under agreements to resell (includes $806 and $1,113 at fair value at December 31, 2015 and December 31, 2014, respectively) | 87,657 | 83,288 |
| Securities borrowed | 142,416 | 136,708 |
| Customer and other receivables | 45,407 | 48,961 |
| Loans | ||
| Held for investment (net of allowances of $225 and $149 at December 31, 2015 and December 31, 2014, respectively) | 72,559 | 57,119 |
| Held for sale | 13,200 | 9,458 |
| Other investments ($328 and $467 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | 4,202 | 4,355 |
| Premises, equipment and software costs (net of accumulated depreciation of $7,140 and $6,219 at December 31, 2015 and December 31, 2014, respectively) ($183 and $191 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | 6,373 | 6,108 |
| Goodwill | 6,584 | 6,588 |
| Intangible assets (net of accumulated amortization of $2,130 and $1,824 at December 31, 2015 and December 31, 2014, respectively) (includes $5 and $6 at fair value at December 31, 2015 and December 31, 2014, respectively) | 2,984 | 3,159 |
| Other assets ($47 and $59 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally not available to the Company) | 9,043 | 10,742 |
| Total assets | 787,465 | 801,510 |
| Liabilities | ||
| Deposits (includes $125 at fair value at December 31, 2015) | 156,034 | 133,544 |
| Short-term borrowings (includes $1,648 and $1,765 at fair value at December 31, 2015 and December 31, 2014, respectively) | 2,173 | 2,261 |
| Trading liabilities, at fair value | 109,139 | 107,381 |
| Obligation to return securities received as collateral, at fair value | 19,316 | 25,685 |
| Securities sold under agreements to repurchase (includes $683 and $612 at fair value at December 31, 2015 and December 31, 2014, respectively) | 36,692 | 69,949 |
| Securities loaned | 19,358 | 25,219 |
| Other secured financings (includes $2,854 and $4,504 at fair value at December 31, 2015 and December 31, 2014, respectively) ($432 and $348 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally non-recourse to the Company) | 9,464 | 12,085 |
| Customer and other payables | 186,626 | 181,069 |
| Other liabilities and accrued expenses ($4 and $72 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities, generally non-recourse to the Company) | 18,711 | 19,441 |
| Long-term borrowings (includes $33,045 and $31,774 at fair value at December 31, 2015 and December 31, 2014, respectively) | 153,768 | 152,772 |
| Total liabilities | 711,281 | 729,406 |
| Commitments and contingent liabilities | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 7,520 | 6,020 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at December 31, 2015 and December 31, 2014; Shares issued: 2,038,893,979 at December 31, 2015 and December 31, 2014; Shares outstanding: 1,920,024,027 and 1,950,980,142 at December 31, 2015 and December 31, 2014, respectively | 20 | 20 |
| Additional Paid-in capital | 24,153 | 24,249 |
| Retained earnings | 49,204 | 44,625 |
| Employee stock trusts | 2,409 | 2,127 |
| Accumulated other comprehensive loss | (1,656) | (1,248) |
| Common stock held in treasury, at cost, $0.01 par value: Shares outstanding: 118,869,952 and 87,913,837 at December 31, 2015 and December 31, 2014, respectively | (4,059) | (2,766) |
| Common stock issued to employee trusts | (2,409) | (2,127) |
| Total Morgan Stanley shareholders' equity | 75,182 | 70,900 |
| Nonredeemable noncontrolling interests | 1,002 | 1,204 |
| Total equity | 76,184 | 72,104 |
| Total liabilities and equity | 787,465 | 801,510 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2015 | |
| 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 |