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: 2022 | |||
Consolidated Income Statements | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Investment banking | $ 5,599 | 10,994 | 7,674 |
| Trading | 13,928 | 12,810 | 13,983 |
| Investments | 15 | 1,376 | 986 |
| Commissions and fees | 4,938 | 5,521 | 4,851 |
| Asset management | 19,578 | 19,967 | 14,272 |
| Other | 283 | 1,042 | 678 |
| Total non-interest revenues | 44,341 | 51,710 | 42,444 |
| Interest income | 21,595 | 9,411 | 10,162 |
| Interest expense | 12,268 | 1,366 | 3,849 |
| Net interest | 9,327 | 8,045 | 6,313 |
| Net revenues | 53,668 | 59,755 | 48,757 |
| Provision for credit losses | 280 | 4 | 761 |
| Non-interest expenses | |||
| Compensation and benefits | 23,053 | 24,628 | 20,854 |
| Brokerage, clearing and exchange fees | 3,458 | 3,341 | 2,929 |
| Information processing and communications | 3,493 | 3,119 | 2,465 |
| Professional services | 3,070 | 2,933 | 2,205 |
| Occupancy and equipment | 1,729 | 1,725 | 1,559 |
| Marketing and business development | 905 | 643 | 434 |
| Other | 3,591 | 3,694 | 3,132 |
| Total non-interest expenses | 39,299 | 40,083 | 33,578 |
| Income before provision for income taxes | 14,089 | 19,668 | 14,418 |
| Provision for income taxes | 2,910 | 4,548 | 3,239 |
| Net income | 11,179 | 15,120 | 11,179 |
| Net income applicable to noncontrolling interests | 150 | 86 | 183 |
| Net income applicable to Morgan Stanley | 11,029 | 15,034 | 10,996 |
| Preferred stock dividends | 489 | 468 | 496 |
| Earnings applicable to Morgan Stanley common shareholders | 10,540 | 14,566 | 10,500 |
| Earnings per common share | |||
| Earnings per common share - basic (in dollars per share) | 6.23 | 8.16 | 6.55 |
| Earnings per common share - diluted (in dollars per share) | 6.15 | 8.03 | 6.46 |
| Average common shares outstanding | |||
| Basic (in shares) | 1,691 | 1,785 | 1,603 |
| Diluted (in shares) | 1,713 | 1,814 | 1,624 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2022 | |||
Consolidated Comprehensive Income Statement | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net income | $ 11,179 | 15,120 | 11,179 |
| Other comprehensive income (loss), net of tax: | |||
| Foreign currency translation adjustments | (337) | (331) | 170 |
| Change in net unrealized gains (losses) on available-for-sale securities | (4,437) | (1,542) | 1,580 |
| Pension and other | 43 | (53) | 146 |
| Change in net debt valuation adjustment | 1,502 | 696 | (1,028) |
| Net change in cash flow hedges | (4) | 0 | 0 |
| Total other comprehensive income (loss) | (3,233) | (1,230) | 868 |
| Comprehensive income | 7,946 | 13,890 | 12,047 |
| Net income applicable to noncontrolling interests | 150 | 86 | 183 |
| Other comprehensive income (loss) applicable to noncontrolling interests | (82) | (90) | 42 |
| Comprehensive income applicable to Morgan Stanley | 7,878 | 13,894 | 11,822 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
MORGAN STANLEY | |||
Ticker: MS Fiscal Year: 2022 | |||
Consolidated Cash Flow Statements | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities | |||
| Net income | $ 11,179 | 15,120 | 11,179 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | |||
| Deferred income taxes | (849) | 4 | (250) |
| Stock-based compensation expense | 1,875 | 2,085 | 1,312 |
| Depreciation and amortization | 3,998 | 4,216 | 3,769 |
| Provision for credit losses | 280 | 4 | 761 |
| Other operating adjustments | 618 | (147) | 274 |
| Changes in assets and liabilities: | |||
| Trading assets, net of Trading liabilities | (39,422) | 9,075 | 15,551 |
| Securities borrowed | (3,661) | (17,322) | (5,076) |
| Securities loaned | 3,380 | 4,568 | (1,541) |
| Customer and other receivables and other assets | 14,664 | 774 | (29,774) |
| Customer and other payables and other liabilities | (4,897) | 7,758 | 10,187 |
| Securities purchased under agreements to resell | 6,092 | (3,765) | (28,010) |
| Securities sold under agreements to repurchase | 346 | 11,601 | (3,613) |
| Net cash provided by (used for) operating activities | (6,397) | 33,971 | (25,231) |
| Cash flows from investing activities | |||
| Proceeds from (payments for): | |||
| Other assetsPremises, equipment and software, net | (3,078) | (2,308) | (1,444) |
| Changes in loans, net | (23,652) | (36,106) | (17,949) |
| AFS Securities | |||
| Purchases | (24,602) | (42,469) | (39,478) |
| Proceeds from sales | 22,014 | 20,652 | 13,750 |
| Proceeds from paydowns and maturities | 13,435 | 26,375 | 15,664 |
| HTM Securities | |||
| Purchases | (5,231) | (27,102) | (20,299) |
| Proceeds from paydowns and maturities | 9,829 | 14,541 | 8,853 |
| Other investing activities | (347) | (832) | (802) |
| Net cash provided by (used for) investing activities | (11,632) | (49,897) | (37,898) |
| Cash flows from financing activities | |||
| Net proceeds from (payments for): | |||
| Other secured financings | (884) | (625) | 2,794 |
| Deposits | 1,659 | 36,897 | 75,417 |
| Issuance of preferred stock, net of issuance costs | 994 | 1,275 | 0 |
| Proceeds from issuance of Borrowings | 72,460 | 90,273 | 60,726 |
| Payments for: | |||
| Borrowings | (34,898) | (70,124) | (50,484) |
| Repurchases of common stock and employee tax withholdings | (10,871) | (12,075) | (1,890) |
| Cash dividends | (5,401) | (4,171) | (2,739) |
| Other financing activities | (345) | 97 | (40) |
| Net cash provided by (used for) financing activities | 22,714 | 41,547 | 83,784 |
| Effect of exchange rate changes on cash and cash equivalents | (4,283) | (3,550) | 2,828 |
| Net increase (decrease) in cash and cash equivalents | 402 | 22,071 | 23,483 |
| Cash and cash equivalents, at beginning of period | 127,725 | 105,654 | |
| Cash and cash equivalents, at end of period | 128,127 | 127,725 | 105,654 |
| Supplemental Disclosure of Cash Flow Information | |||
| Cash payments for interest | 9,819 | 1,303 | 4,120 |
| Cash payments for income taxes, net of refunds | 4,147 | 4,231 | 2,591 |
| Business Acquisition | |||
| Eaton Vance Corp. | |||
| Cash paid as part of the Eaton Vance acquisition, net of cash acquired | 0 | (2,648) | 0 |
| E-TRADE | |||
| Cash acquired as part of the E*TRADE acquisition | 0 | 0 | 3,807 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
MORGAN STANLEY | ||
Ticker: MS Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 24, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Cash and cash equivalents | $ 128,127 | 127,725 |
| Trading assets at fair value ($124,411 and $104,186 were pledged to various parties) | 301,315 | 294,869 |
| Investment securities (includes $84,297 and $102,830 at fair value) | 159,931 | 182,998 |
| Securities purchased under agreements to resell (includes $8 and $7 at fair value) | 113,907 | 119,999 |
| Securities borrowed | 133,374 | 129,713 |
| Customer and other receivables | 78,540 | 96,018 |
| Held for investment (net of allowance for credit losses of $839 and $654) | 198,997 | 174,302 |
| Held for sale | 14,788 | 13,832 |
| Goodwill | 16,652 | 16,833 |
| Intangible assets (net of accumulated amortization of $4,253 and $3,819) | 7,618 | 8,360 |
| Other assets | 26,982 | 23,491 |
| Total assets | 1,180,231 | 1,188,140 |
| Liabilities | ||
| Deposits (includes $4,796 and $1,940 at fair value) | 356,646 | 347,574 |
| Trading liabilities at fair value | 154,438 | 158,328 |
| Securities sold under agreements to repurchase (includes $864 and $791 at fair value) | 62,534 | 62,188 |
| Securities loaned | 15,679 | 12,299 |
| Other secured financings (includes $4,550 and $5,133 at fair value) | 8,158 | 10,041 |
| Customer and other payables | 216,134 | 228,685 |
| Other liabilities and accrued expenses | 27,353 | 29,300 |
| Borrowings (includes $78,720 and $76,340 at fair value) | 238,058 | 233,127 |
| Total liabilities | 1,079,000 | 1,081,542 |
| Commitments and contingent liabilities (see Note 15) | ||
| Equity | ||
| Preferred stock | 8,750 | 7,750 |
| Common stock | 20 | 20 |
| Additional paid-in capital | 29,339 | 28,841 |
| Retained earnings | 94,862 | 89,432 |
| Employee stock trusts | 4,881 | 3,955 |
| Accumulated other comprehensive income (loss) | (6,253) | (3,102) |
| Common stock held in treasury at cost, $0.01 par value (363,406,570 and 266,667,449 shares) | (26,577) | (17,500) |
| Common stock issued to employee stock trusts | (4,881) | (3,955) |
| Total Morgan Stanley shareholders equity | 100,141 | 105,441 |
| Noncontrolling interests | 1,090 | 1,157 |
| Total equity | 101,231 | 106,598 |
| Total liabilities and equity | 1,180,231 | 1,188,140 |
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2022 | |
| 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 |