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: 2020 | |||
Consolidated Income Statements | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Investment banking | $ 7,674 | 6,163 | 6,482 |
| Trading | 13,992 | 11,095 | 11,551 |
| Investments | 986 | 1,540 | 437 |
| Commissions and fees | 4,851 | 3,919 | 4,190 |
| Asset management | 14,272 | 13,083 | 12,898 |
| Other | 110 | 925 | 743 |
| Total non-interest revenues | 41,885 | 36,725 | 36,301 |
| Interest income | 10,162 | 17,098 | 13,892 |
| Interest expense | 3,849 | 12,404 | 10,086 |
| Net interest | 6,313 | 4,694 | 3,806 |
| Net revenues | 48,198 | 41,419 | 40,107 |
| Non-interest expenses | |||
| Compensation and benefits | 20,854 | 18,837 | 17,632 |
| Brokerage, clearing and exchange fees | 2,929 | 2,493 | 2,393 |
| Information processing and communications | 2,465 | 2,194 | 2,016 |
| Professional services | 2,205 | 2,137 | 2,265 |
| Occupancy and equipment | 1,559 | 1,428 | 1,391 |
| Marketing and business development | 434 | 660 | 691 |
| Other | 3,334 | 2,369 | 2,482 |
| Total non-interest expenses | 33,780 | 30,118 | 28,870 |
| Income before provision for income taxes | 14,418 | 11,301 | 11,237 |
| Provision for income taxes | 3,239 | 2,064 | 2,350 |
| Income from continuing operations | 11,179 | 9,237 | 8,887 |
| Income (loss) from discontinued operations, net of income taxes | 0 | 0 | (4) |
| Net income | 11,179 | 9,237 | 8,883 |
| Net income applicable to noncontrolling interests | 183 | 195 | 135 |
| Net income applicable to Morgan Stanley | 10,996 | 9,042 | 8,748 |
| Preferred stock dividends and other | 496 | 530 | 526 |
| Earnings applicable to Morgan Stanley common shareholders | 10,500 | 8,512 | 8,222 |
| Earnings per common share | |||
| Earnings per common share - basic (USD per share) | 6.55 | 5.26 | 4.81 |
| Earnings per common share - diluted (USD per share) | 6.46 | 5.19 | 4.73 |
| Average common shares outstanding | |||
| Basic (shares) | 1,603 | 1,617 | 1,708 |
| Diluted (shares) | 1,624 | 1,640 | 1,738 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2020 | |||
Consolidated Comprehensive Income Statements | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income | $ 11,179 | 9,237 | 8,883 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | 170 | 3 | (90) |
| Change in net unrealized gains (losses) on available-for-sale securities | 1,580 | 1,137 | (272) |
| Pension and other | 146 | (66) | 137 |
| Change in net debt valuation adjustment | (1,028) | (1,639) | 1,517 |
| Total other comprehensive income (loss) | 868 | (565) | 1,292 |
| Comprehensive income | 12,047 | 8,672 | 10,175 |
| Net income applicable to noncontrolling interests | 183 | 195 | 135 |
| Other comprehensive income (loss) applicable to noncontrolling interests | 42 | (69) | 87 |
| Comprehensive income applicable to Morgan Stanley | 11,822 | 8,546 | 9,953 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2020 | |||
Consolidated Cash Flow Statements | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities | |||
| Net income | $ 11,179 | 9,237 | 8,883 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | (250) | 165 | 449 |
| Stock-based compensation expense | 1,312 | 1,153 | 920 |
| Depreciation and amortization | 3,769 | 2,643 | 1,844 |
| Provision for (Release of) credit losses on lending activities | 762 | 162 | (15) |
| Other operating adjustments | 274 | (195) | 199 |
| Changes in assets and liabilities: | |||
| Trading assets, net of Trading liabilities | 15,550 | (13,668) | 23,732 |
| Securities borrowed | (5,076) | 9,764 | 7,697 |
| Securities loaned | (1,541) | (3,402) | (1,684) |
| Customer and other receivables and other assets | (29,774) | 233 | (728) |
| Customer and other payables and other liabilities | 10,187 | 19,942 | (13,063) |
| Securities purchased under agreements to resell | (28,010) | 10,298 | (14,264) |
| Securities sold under agreements to repurchase | (3,613) | 4,441 | (6,665) |
| Net cash provided by (used for) operating activities | (25,231) | 40,773 | 7,305 |
| Cash flows from investing activities | |||
| Other assetsPremises, equipment and software, net | (1,444) | (1,826) | (1,865) |
| Changes in loans, net | (17,949) | (17,359) | (8,794) |
| Investment securities: | |||
| Purchases | (59,777) | (42,586) | (27,800) |
| Proceeds from sales | 13,750 | 17,151 | 3,208 |
| Proceeds from paydowns and maturities | 24,517 | 12,012 | 12,668 |
| Cash acquired as part of the E*TRADE acquisition | 3,807 | 0 | 0 |
| Other investing activities | (802) | (953) | (298) |
| Net cash provided by (used for) investing activities | (37,898) | (33,561) | (22,881) |
| Cash flows from financing activities | |||
| Net proceeds from (payments for): | |||
| Other secured financings | 2,794 | 3,695 | (1,226) |
| Deposits | 75,417 | 2,513 | 28,384 |
| Issuance of preferred stock, net of issuance costs | 0 | 497 | 0 |
| Proceeds from issuance of Borrowings | 60,726 | 30,605 | 40,059 |
| Payments for: | |||
| Borrowings | (50,484) | (40,548) | (34,781) |
| Repurchases of common stock and employee tax withholdings | (1,890) | (5,954) | (5,566) |
| Cash dividends | (2,739) | (2,627) | (2,375) |
| Other financing activities | (40) | (147) | (290) |
| Net cash provided by (used for) financing activities | 83,784 | (11,966) | 24,205 |
| Effect of exchange rate changes on cash and cash equivalents | 2,828 | (271) | (1,828) |
| Net increase (decrease) in cash and cash equivalents | 23,483 | (5,025) | 6,801 |
| Cash and cash equivalents, at beginning of period | 82,171 | 87,196 | |
| Cash and cash equivalents, at end of period | 105,654 | 82,171 | 87,196 |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash payments for interest | 4,120 | 12,511 | 9,977 |
| Cash payments for income taxes, net of refunds | 2,591 | 1,908 | 1,377 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 26, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Cash and cash equivalents | $ 105,654 | 82,171 |
| Trading assets at fair value ($132,578 and $128,386 were pledged to various parties) | 312,738 | 297,110 |
| Investment securities (includes $110,383 and $62,223 at fair value) | 182,154 | 105,725 |
| Securities purchased under agreements to resell (includes $15 and $4 at fair value) | 116,234 | 88,224 |
| Securities borrowed | 112,391 | 106,549 |
| Customer and other receivables | 97,737 | 55,646 |
| Held for investment (net of allowance of $835 and $349) | 137,784 | 118,060 |
| Held for sale | 12,813 | 12,577 |
| Goodwill | 11,635 | 7,143 |
| Intangible assets (net of accumulated amortization of $3,265 and $3,204) | 4,980 | 2,107 |
| Other assets | 21,742 | 20,117 |
| Total assets | 1,115,862 | 895,429 |
| Liabilities | ||
| Deposits (includes $3,521 and $2,099 at fair value) | 310,782 | 190,356 |
| Trading liabilities at fair value | 157,631 | 133,356 |
| Securities sold under agreements to repurchase (includes $1,115 and $733 at fair value) | 50,587 | 54,200 |
| Securities loaned | 7,731 | 8,506 |
| Other secured financings (includes $11,701 and $7,809 at fair value) | 15,863 | 14,698 |
| Customer and other payables | 227,437 | 197,834 |
| Other liabilities and accrued expenses | 25,603 | 21,155 |
| Borrowings (includes $73,701 and $64,461 at fair value) | 217,079 | 192,627 |
| Total liabilities | 1,012,713 | 812,732 |
| Commitments and contingent liabilities (see Note 15) | ||
| Equity | ||
| Preferred stock | 9,250 | 8,520 |
| Common stock | 20 | 20 |
| Additional paid-in capital | 25,546 | 23,935 |
| Retained earnings | 78,694 | 70,589 |
| Employee stock trusts | 3,043 | 2,918 |
| Accumulated other comprehensive income (loss) | (1,962) | (2,788) |
| Common stock held in treasury at cost, $0.01 par value (229,269,835 and 444,920,299 shares) | (9,767) | (18,727) |
| Common stock issued to employee stock trusts | (3,043) | (2,918) |
| Total Morgan Stanley shareholders equity | 101,781 | 81,549 |
| Noncontrolling interests | 1,368 | 1,148 |
| Total equity | 103,149 | 82,697 |
| Total liabilities and equity | 1,115,862 | 895,429 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2020 | |
| 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 |