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: 2016 | |||
Consolidated Income Statements | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | |||
| Investment banking | $ 4,933 | 5,594 | 5,948 |
| Trading | 10,209 | 10,114 | 9,377 |
| Investments | 160 | 541 | 836 |
| Commissions and fees | 4,109 | 4,554 | 4,713 |
| Asset management, distribution and administration fees | 10,697 | 10,766 | 10,570 |
| Other | 825 | 493 | 1,096 |
| Total non-interest revenues | 30,933 | 32,062 | 32,540 |
| Interest income | 7,016 | 5,835 | 5,413 |
| Interest expense | 3,318 | 2,742 | 3,678 |
| Net interest | 3,698 | 3,093 | 1,735 |
| Net revenues | 34,631 | 35,155 | 34,275 |
| Non-interest expenses | |||
| Compensation and benefits | 15,878 | 16,016 | 17,824 |
| Occupancy and equipment | 1,308 | 1,382 | 1,433 |
| Brokerage, clearing and exchange fees | 1,920 | 1,892 | 1,806 |
| Information processing and communications | 1,787 | 1,767 | 1,635 |
| Marketing and business development | 587 | 681 | 658 |
| Professional services | 2,128 | 2,298 | 2,117 |
| Other | 2,175 | 2,624 | 5,211 |
| Total non-interest expenses | 25,783 | 26,660 | 30,684 |
| Income from continuing operations before income taxes | 8,848 | 8,495 | 3,591 |
| Provision for (benefit from) income taxes | 2,726 | 2,200 | (90) |
| Income from continuing operations | 6,122 | 6,295 | 3,681 |
| Discontinued operations: | |||
| Income (loss) from discontinued operations, net of income taxes | 1 | (16) | (14) |
| Net income | 6,123 | 6,279 | 3,667 |
| Net income applicable to noncontrolling interests | 144 | 152 | 200 |
| Net income applicable to Morgan Stanley | 5,979 | 6,127 | 3,467 |
| Preferred stock dividends and other | 471 | 456 | 315 |
| Earnings applicable to Morgan Stanley common shareholders | 5,508 | 5,671 | 3,152 |
| Earnings per basic common share | |||
| Income from continuing operations | 2.98 | 2.98 | 1.65 |
| Income (loss) from discontinued operations | 0.00 | (0.01) | (0.01) |
| Earnings per basic common share | 2.98 | 2.97 | 1.64 |
| Earnings per diluted common share | |||
| Income from continuing operations | 2.92 | 2.91 | 1.61 |
| Income (loss) from discontinued operations | 0.00 | (0.01) | (0.01) |
| Earnings per diluted common share | 2.92 | 2.90 | 1.60 |
| Dividends declared per common share | 0.70 | 0.55 | 0.35 |
| Average common shares outstanding | |||
| Basic | 1,849 | 1,909 | 1,924 |
| Diluted | 1,887 | 1,953 | 1,971 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2016 | |||
Consolidated Comprehensive Income Statements | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income | $ 6,123 | 6,279 | 3,667 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (11) | (304) | (491) |
| Change in net unrealized gains (losses) on available for sale securities | (269) | (246) | 209 |
| Pension, postretirement and other | (100) | 138 | 33 |
| Change in net debt valuation adjustment | (296) | 0 | 0 |
| Total other comprehensive income (loss) | (676) | (412) | (249) |
| Comprehensive income | 5,447 | 5,867 | 3,418 |
| Net income applicable to noncontrolling interests | 144 | 152 | 200 |
| Other comprehensive income (loss) applicable to noncontrolling interests | (1) | (4) | (94) |
| Comprehensive income applicable to Morgan Stanley | 5,304 | 5,719 | 3,312 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities | |||
| Net income | $ 6,123 | 6,279 | 3,667 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | 1,579 | 1,189 | (231) |
| (Income) loss from equity method investments | 79 | (114) | (156) |
| Compensation payable in common stock and options | 1,136 | 1,104 | 1,260 |
| Depreciation and amortization | 1,736 | 1,433 | 1,161 |
| Net gain on sale of available for sale securities | (112) | (84) | (40) |
| Impairment charges | 130 | 69 | 111 |
| Provision for credit losses on lending activities | 144 | 123 | 23 |
| Other operating activities | (199) | 322 | (72) |
| Changes in assets and liabilities: | |||
| Trading assets, net of Trading liabilities | (24,395) | 29,471 | 20,619 |
| Securities borrowed | 17,180 | (5,708) | (7,001) |
| Securities loaned | (3,514) | (5,861) | (7,580) |
| Customer and other receivables and other assets | (2,881) | 8,704 | 2,204 |
| Customer and other payables and other liabilities | 1,803 | 4,373 | 27,971 |
| Securities purchased under agreements to resell | (14,298) | (4,369) | 34,842 |
| Securities sold under agreements to repurchase | 17,936 | (33,257) | (75,692) |
| Net cash provided by (used for) operating activities | 2,447 | 3,674 | 1,086 |
| Cash flows from investing activities | |||
| Other assets - Premises, equipment and software, net | (1,276) | (1,373) | (992) |
| Business dispositions, net of cash disposed | 0 | 998 | 989 |
| Changes in loans, net | (9,604) | (15,816) | (20,116) |
| Investment securities: | |||
| Purchases | (50,911) | (47,291) | (32,623) |
| Proceeds from sales | 33,716 | 37,926 | 12,980 |
| Proceeds from paydowns and maturities | 8,367 | 5,663 | 4,651 |
| Other investing activities | 200 | (102) | (213) |
| Net cash used for investing activities | (19,508) | (19,995) | (35,324) |
| Cash flows from financing activities | |||
| Net proceeds from (payments for): | |||
| Short-term borrowings | (1,206) | (88) | 119 |
| Noncontrolling interests | (96) | (96) | (189) |
| Other secured financings | 1,333 | (2,370) | (2,189) |
| Deposits | (171) | 22,490 | 21,165 |
| Proceeds from: | |||
| Excess tax benefits associated with stock-based awards | 61 | 211 | 101 |
| Derivatives financing activities | 0 | 512 | 855 |
| Issuance of preferred stock, net of issuance costs | 0 | 1,493 | 2,782 |
| Issuance of long-term borrowings | 43,626 | 34,182 | 36,740 |
| Payments for: | |||
| Long-term borrowings | (30,390) | (27,289) | (33,103) |
| Derivatives financing activities | (120) | (452) | (776) |
| Repurchases of common stock and employee tax withholdings | (3,933) | (2,773) | (1,458) |
| Cash dividends | (1,746) | (1,455) | (904) |
| Other financing activities | 66 | 0 | 0 |
| Net cash provided by (used for) financing activities | 7,424 | 24,365 | 23,143 |
| Effect of exchange rate changes on cash and cash equivalents | (1,065) | (945) | (1,804) |
| Net increase (decrease) in cash and cash equivalents | (10,702) | 7,099 | (12,899) |
| Cash and cash equivalents, at beginning of period | 54,083 | 46,984 | |
| Cash and cash equivalents, at end of period | 43,381 | 54,083 | 46,984 |
| Cash and cash equivalents include: | |||
| Cash and due from banks | 22,017 | 19,827 | 21,381 |
| Interest bearing deposits with banks | 21,364 | 34,256 | 25,603 |
| Cash and cash equivalents, at end of period | 43,381 | 54,083 | 46,984 |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash payments for interest | 2,834 | 2,672 | 3,575 |
| Cash payments for income taxes, net of refunds | 831 | 677 | 886 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and due from banks | $ 22,017 | 19,827 |
| Interest bearing deposits with banks | 21,364 | 34,256 |
| Trading assets, at fair value ($152,548 and $127,627 were pledged to various parties) | 262,154 | 239,505 |
| Investment securities (includes $63,170 and $66,759 at fair value) | 80,092 | 71,983 |
| Securities purchased under agreements to resell (includes $302 and $806 at fair value) | 101,955 | 87,657 |
| Securities borrowed | 125,236 | 142,416 |
| Customer and other receivables | 46,460 | 45,407 |
| Loans | ||
| Held for investment (net of allowance of $274 and $225) | 81,704 | 72,559 |
| Held for sale | 12,544 | 13,200 |
| Goodwill | 6,577 | 6,584 |
| Intangible assets (net of accumulated amortization of $2,421 and $2,130) | 2,721 | 2,984 |
| Other assets | 52,125 | 51,087 |
| Total assets | 814,949 | 787,465 |
| Liabilities | ||
| Deposits (includes $63 and $125 at fair value) | 155,863 | 156,034 |
| Short-term borrowings (includes $406 and $1,648 at fair value) | 941 | 2,173 |
| Trading liabilities, at fair value | 128,194 | 128,455 |
| Securities sold under agreements to repurchase (includes $729 and $683 at fair value) | 54,628 | 36,692 |
| Securities loaned | 15,844 | 19,358 |
| Other secured financings (includes $5,041 and $2,854 at fair value) | 11,118 | 9,464 |
| Customer and other payables | 190,513 | 186,626 |
| Other liabilities and accrued expenses | 15,896 | 18,711 |
| Long-term borrowings (includes $38,736 and $33,045 at fair value) | 164,775 | 153,768 |
| Total liabilities | 737,772 | 711,281 |
| Commitments and contingent liabilities | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 7,520 | 7,520 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000; Shares issued: 2,038,893,979; Shares outstanding: 1,852,481,601 and 1,920,024,027 | 20 | 20 |
| Additional paid-in capital | 23,271 | 24,153 |
| Retained earnings | 53,679 | 49,204 |
| Employee stock trusts | 2,851 | 2,409 |
| Accumulated other comprehensive income (loss) | (2,643) | (1,656) |
| Common stock held in treasury, at cost, $0.01 par value (186,412,378 and 118,869,952 shares) | (5,797) | (4,059) |
| Common stock issued to employee stock trusts | (2,851) | (2,409) |
| Total Morgan Stanley shareholders' equity | 76,050 | 75,182 |
| Noncontrolling interests | 1,127 | 1,002 |
| Total equity | 77,177 | 76,184 |
| Total liabilities and equity | 814,949 | 787,465 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2016 | |
| 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 |