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: 2010 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and due from banks ($297 at December 31, 2010 related to consolidated variable interest entities generally not available to the Company) | $ 7,341 | 6,988 |
| Interest bearing deposits with banks | 40,274 | 25,003 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 19,180 | 23,712 |
| Financial instruments owned, at fair value (approximately $130 billion and $101 billion were pledged to various parties at December 31, 2010 and December 31, 2009, respectively): | ||
| U.S. government and agency securities | 48,446 | 62,215 |
| Other sovereign government obligations | 33,908 | 25,445 |
| Corporate and other debt ($3,816 at December 31, 2010 related to consolidated variable interest entities, generally not available to the Company) | 88,154 | 90,454 |
| Corporate equities ($625 at December 31, 2010 related to consolidated variable interest entities, generally not available to the Company) | 68,416 | 57,968 |
| Derivative and other contracts | 51,292 | 49,081 |
| Investments ($1,873 at December 31, 2010 related to consolidated variable interest entities, generally not available to the Company) | 9,752 | 9,286 |
| Physical commodities | 6,778 | 5,329 |
| Total financial instruments owned, at fair value | 306,746 | 299,778 |
| Securities available for sale, at fair value | 29,649 | |
| Securities received as collateral, at fair value | 16,537 | 13,656 |
| Federal funds sold and securities purchased under agreements to resell | 148,253 | 143,208 |
| Securities borrowed | 138,730 | 167,501 |
| Receivables: | ||
| Customers | 35,258 | 27,594 |
| Brokers, dealers and clearing organizations | 9,102 | 5,719 |
| Fees, interest and other | 9,790 | 11,164 |
| Loans (net of allowances of $82 at December 31, 2010 and $158 at December 31, 2009) | 10,576 | 7,259 |
| Other investments | 5,412 | 3,752 |
| Premises, equipment and software costs (net of accumulated depreciation of $4,476 and $3,734 at December 31, 2010 and December 31, 2009, respectively) ($321 at December 31, 2010 related to consolidated variable entities, generally not available to the Company) | 6,154 | 7,067 |
| Goodwill | 6,739 | 7,162 [1] |
| Intangible assets (net of accumulated amortization of $605 and $275 at December 31, 2010 and December 31, 2009, respectively) (includes $157 and $137 at fair value at December 31, 2010 and December 31, 2009, respectively) | 4,667 | 5,054 |
| Other assets | 13,290 | 16,845 |
| Total assets | 807,698 | 771,462 [2] |
| Liabilities and Equity | ||
| Deposits (includes $3,027 and $4,967 at fair value at December 31, 2010 and December 31, 2009, respectively) | 63,812 | 62,215 |
| Commercial paper and other short-term borrowings (includes $1,799 and $791 at fair value at December 31, 2010 and December 31, 2009, respectively) | 3,256 | 2,378 |
| Financial instruments sold, not yet purchased, at fair value: | ||
| U.S. government and agency securities | 27,948 | 20,503 |
| Other sovereign government obligations | 22,250 | 18,244 |
| Corporate and other debt | 10,918 | 7,826 |
| Corporate equities | 19,838 | 22,601 |
| Derivative and other contracts | 47,802 | 38,209 |
| Total financial instruments sold, not yet purchased, at fair value | 128,756 | 107,383 |
| Obligation to return securities received as collateral, at fair value | 21,163 | 13,656 |
| Securities sold under agreements to repurchase (includes $849 at fair value at December 31, 2010) | 147,598 | 159,401 |
| Securities loaned | 29,094 | 26,246 |
| Other secured financings (includes $8,490 and $8,102 at fair value at December 31, 2010 and December 31, 2009, respectively) ($2,656 at December 31, 2010 related to consolidated variable interest entities and are non-recourse to the Company) | 10,453 | 8,102 [3] |
| Payables: | ||
| Customers | 123,249 | 117,058 |
| Brokers, dealers and clearing organizations | 3,363 | 5,423 |
| Interest and dividends | 2,572 | 2,597 |
| Other liabilities and accrued expenses | 16,518 | 20,849 |
| Long-term borrowings (includes $42,709 and $37,610 at fair value at December 31, 2010 and December 31, 2009, respectively) | 192,457 | 193,374 |
| Liabilities | 742,291 | 718,682 |
| Commitments and contingent liabilities (see Note 13) | ||
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 9,597 | 9,597 |
| Common stock, $0.01 par value; Shares authorized: 3,500,000,000 at December 31, 2010 and December 31, 2009; Shares issued: 1,603,913,074 at December 31, 2010 and 1,487,850,163 at December 31, 2009; Shares outstanding: 1,512,022,095 at December 31, 2010 and 1,360,595,214 at December 31, 2009 | 16 | 15 |
| Paid-in capital | 13,521 | 8,619 |
| Retained earnings | 38,603 | 35,056 |
| Employee stock trust | 3,465 | 4,064 |
| Accumulated other comprehensive loss | (467) | (560) |
| Common stock held in treasury, at cost, $0.01 par value; 91,890,979 shares at December 31, 2010 and 127,254,949 shares at December 31, 2009 | (4,059) | (6,039) |
| Common stock issued to employee trust | 3,465 | 4,064 |
| Total Morgan Stanley shareholders' equity | 57,211 | 46,688 |
| Noncontrolling interests | 8,196 | 6,092 |
| Total equity | 65,407 | 52,780 |
| Total liabilities and equity | 807,698 | 771,462 |
| [1] The Asset Management business segment amount at December 31, 2009 included approximately $404 million related to Retail Asset Management. | The amount of the Company's goodwill before accumulated impairments of $700 million and $673 million at December 31, 2010 and December 31, 2009, respectively, was $7,439 million and $7,835 million at December 31, 2010 and December 31, 2009, respectively. | ||
| [2] Corporate assets have been fully allocated to the Company's business segments. | ||
| [3] Amounts include $8,490 million at fair value at December 31, 2010 and $8,102 million at fair value at December 31, 2009. | ||
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2010 | |
| 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 |