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: 2021 | |||
Consolidated Income Statements | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Investment banking | $ 10,994 | 7,674 | 6,163 |
| Trading | 12,810 | 13,983 | 11,274 |
| Investments | 1,376 | 986 | 1,540 |
| Commissions and fees | 5,521 | 4,851 | 3,919 |
| Asset management | 19,967 | 14,272 | 13,083 |
| Other | 1,042 | 678 | 865 |
| Total non-interest revenues | 51,710 | 42,444 | 36,844 |
| Interest income | 9,411 | 10,162 | 17,098 |
| Interest expense | 1,366 | 3,849 | 12,404 |
| Net interest | 8,045 | 6,313 | 4,694 |
| Net revenues | 59,755 | 48,757 | 41,538 |
| Provision for credit losses | 4 | 761 | 161 |
| Non-interest expenses | |||
| Compensation and benefits | 24,628 | 20,854 | 18,837 |
| Brokerage, clearing and exchange fees | 3,341 | 2,929 | 2,493 |
| Information processing and communications | 3,119 | 2,465 | 2,194 |
| Professional services | 2,933 | 2,205 | 2,137 |
| Occupancy and equipment | 1,725 | 1,559 | 1,428 |
| Marketing and business development | 643 | 434 | 660 |
| Other | 3,694 | 3,132 | 2,327 |
| Total non-interest expenses | 40,083 | 33,578 | 30,076 |
| Income before provision for income taxes | 19,668 | 14,418 | 11,301 |
| Provision for income taxes | 4,548 | 3,239 | 2,064 |
| Net income | 15,120 | 11,179 | 9,237 |
| Net income applicable to noncontrolling interests | 86 | 183 | 195 |
| Net income applicable to Morgan Stanley | 15,034 | 10,996 | 9,042 |
| Preferred stock dividends | 468 | 496 | 530 |
| Earnings applicable to Morgan Stanley common shareholders | 14,566 | 10,500 | 8,512 |
| Earnings per common share | |||
| Earnings per common share - basic (in dollars per share) | 8.16 | 6.55 | 5.26 |
| Earnings per common share - diluted (in dollars per share) | 8.03 | 6.46 | 5.19 |
| Average common shares outstanding | |||
| Basic (in shares) | 1,785 | 1,603 | 1,617 |
| Diluted (in shares) | 1,814 | 1,624 | 1,640 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2021 | |||
Consolidated Comprehensive Income Statement | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income | $ 15,120 | 11,179 | 9,237 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (331) | 170 | 3 |
| Change in net unrealized gains (losses) on available-for-sale securities | (1,542) | 1,580 | 1,137 |
| Pension and other | (53) | 146 | (66) |
| Change in net debt valuation adjustment | 696 | (1,028) | (1,639) |
| Total other comprehensive income (loss) | (1,230) | 868 | (565) |
| Comprehensive income | 13,890 | 12,047 | 8,672 |
| Net income applicable to noncontrolling interests | 86 | 183 | 195 |
| Other comprehensive income (loss) applicable to noncontrolling interests | (90) | 42 | (69) |
| Comprehensive income applicable to Morgan Stanley | 13,894 | 11,822 | 8,546 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2021 | |||
Consolidated Cash Flow Statements | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities | |||
| Net income | $ 15,120 | 11,179 | 9,237 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | 4 | (250) | 165 |
| Stock-based compensation expense | 2,085 | 1,312 | 1,153 |
| Depreciation and amortization | 4,216 | 3,769 | 2,643 |
| Provision for credit losses | 4 | 761 | 161 |
| Other operating adjustments | (147) | 274 | (195) |
| Changes in assets and liabilities: | |||
| Trading assets, net of Trading liabilities | 9,075 | 15,551 | (13,667) |
| Securities borrowed | (17,322) | (5,076) | 9,764 |
| Securities loaned | 4,568 | (1,541) | (3,402) |
| Customer and other receivables and other assets | 774 | (29,774) | 233 |
| Customer and other payables and other liabilities | 7,758 | 10,187 | 19,942 |
| Securities purchased under agreements to resell | (3,765) | (28,010) | 10,298 |
| Securities sold under agreements to repurchase | 11,601 | (3,613) | 4,441 |
| Net cash provided by (used for) operating activities | 33,971 | (25,231) | 40,773 |
| Cash flows from investing activities | |||
| Proceeds from (payments for): | |||
| Other assetsPremises, equipment and software, net | (2,308) | (1,444) | (1,826) |
| Changes in loans, net | (36,106) | (17,949) | (17,359) |
| Investment securities: | |||
| Purchases | (69,571) | (59,777) | (42,586) |
| Proceeds from sales | 20,652 | 13,750 | 17,151 |
| Proceeds from paydowns and maturities | 40,916 | 24,517 | 12,012 |
| Other investing activities | (832) | (802) | (953) |
| Net cash provided by (used for) investing activities | (49,897) | (37,898) | (33,561) |
| Cash flows from financing activities | |||
| Net proceeds from (payments for): | |||
| Other secured financings | (625) | 2,794 | 3,695 |
| Deposits | 36,897 | 75,417 | 2,513 |
| Issuance of preferred stock, net of issuance costs | 1,275 | 0 | 497 |
| Proceeds from issuance of Borrowings | 90,273 | 60,726 | 30,605 |
| Payments for: | |||
| Borrowings | (70,124) | (50,484) | (40,548) |
| Repurchases of common stock and employee tax withholdings | (12,075) | (1,890) | (5,954) |
| Cash dividends | (4,171) | (2,739) | (2,627) |
| Other financing activities | 97 | (40) | (147) |
| Net cash provided by (used for) financing activities | 41,547 | 83,784 | (11,966) |
| Effect of exchange rate changes on cash and cash equivalents | (3,550) | 2,828 | (271) |
| Net increase (decrease) in cash and cash equivalents | 22,071 | 23,483 | (5,025) |
| Cash and cash equivalents, at beginning of period | 105,654 | 82,171 | |
| Cash and cash equivalents, at end of period | 127,725 | 105,654 | 82,171 |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash payments for interest | 1,303 | 4,120 | 12,511 |
| Cash payments for income taxes, net of refunds | 4,231 | 2,591 | 1,908 |
| Business Acquisition | |||
| Eaton Vance Corp. | |||
| Cash paid as part of the Eaton Vance acquisition, net of cash acquired | (2,648) | 0 | 0 |
| E-TRADE | |||
| Cash acquired as part of the E*TRADE acquisition | 0 | 3,807 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 24, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Cash and cash equivalents | $ 127,725 | 105,654 |
| Trading assets at fair value ($104,186 and $132,578 were pledged to various parties) | 294,869 | 312,738 |
| Investment securities (includes $102,830 and $110,383 at fair value) | 182,998 | 182,154 |
| Securities purchased under agreements to resell (includes $7 and $15 at fair value) | 119,999 | 116,234 |
| Securities borrowed | 129,713 | 112,391 |
| Customer and other receivables | 96,018 | 97,737 |
| Held for investment (net of allowance for credit losses of $654 and $835) | 174,302 | 137,784 |
| Held for sale | 13,832 | 12,813 |
| Goodwill | 16,833 | 11,635 |
| Intangible assets (net of accumulated amortization of $3,819 and $3,265) | 8,360 | 4,980 |
| Other assets | 23,491 | 21,742 |
| Total assets | 1,188,140 | 1,115,862 |
| Liabilities | ||
| Deposits (includes $1,940 and $3,521 at fair value) | 347,574 | 310,782 |
| Trading liabilities at fair value | 158,328 | 157,631 |
| Securities sold under agreements to repurchase (includes $791 and $1,115 at fair value) | 62,188 | 50,587 |
| Securities loaned | 12,299 | 7,731 |
| Other secured financings (includes $5,133 and $11,701 at fair value) | 10,041 | 15,863 |
| Customer and other payables | 228,685 | 227,437 |
| Other liabilities and accrued expenses | 29,300 | 25,603 |
| Borrowings (includes $76,340 and $73,701 at fair value) | 233,127 | 217,079 |
| Total liabilities | 1,081,542 | 1,012,713 |
| Commitments and contingent liabilities (see Note 15) | ||
| Equity | ||
| Preferred stock | 7,750 | 9,250 |
| Common stock | 20 | 20 |
| Additional paid-in capital | 28,841 | 25,546 |
| Retained earnings | 89,432 | 78,694 |
| Employee stock trusts | 3,955 | 3,043 |
| Accumulated other comprehensive income (loss) | (3,102) | (1,962) |
| Common stock held in treasury at cost, $0.01 par value (266,667,449 and 229,269,835 shares) | (17,500) | (9,767) |
| Common stock issued to employee stock trusts | (3,955) | (3,043) |
| Total Morgan Stanley shareholders equity | 105,441 | 101,781 |
| Noncontrolling interests | 1,157 | 1,368 |
| Total equity | 106,598 | 103,149 |
| Total liabilities and equity | 1,188,140 | 1,115,862 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2021 | |
| 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 |