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: 2012 | ||
Consolidated Statements of Financial Condition | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and due from banks ($526 and $511 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities generally not available to the Company) | $ 20,878 | 13,165 |
| Interest bearing deposits with banks | 26,026 | 34,147 |
| Cash deposited with clearing organizations or segregated under federal and other regulations or requirements | 30,970 | 29,454 |
| Financial instruments owned, at fair value (approximately $147,348 and $140,749 were pledged to various parties at December 31, 2012 and December 31, 2011, respectively): | ||
| U.S. government and agency securities | 54,015 | 63,449 |
| Other sovereign government obligations | 43,162 | 29,059 |
| Corporate and other debt ($1,602 and $3,007 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 49,157 | 68,923 |
| Corporate equities | 69,427 | 47,966 |
| Derivative and other contracts | 36,197 | 48,064 |
| Investments ($1,888 and $1,666 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 8,346 | 8,195 |
| Physical commodities | 7,299 | 9,697 |
| Total financial instruments owned, at fair value | 267,603 | 275,353 |
| Securities available for sale, at fair value | 39,869 | 30,495 |
| Securities received as collateral, at fair value | 14,278 | 11,651 |
| Federal funds sold and securities purchased under agreements to resell (includes $621 and $112 at fair value at December 31, 2012 and December 31, 2011, respectively) | 134,412 | 130,155 |
| Securities borrowed | 121,701 | 127,074 |
| Receivables: | ||
| Customers | 46,197 | 33,977 |
| Brokers, dealers and clearing organizations | 7,335 | 5,248 |
| Fees, interest and other | 10,756 | 9,444 |
| Loans (net of allowances of $106 and $17 at December 31, 2012 and December 31, 2011, respectively) | 29,046 | 15,369 |
| Other investments | 4,999 | 4,832 |
| Premises, equipment and software costs (net of accumulated depreciation of $5,525 and $4,852 at December 31, 2012 and December 31, 2011, respectively) ($224 and $234 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 5,946 | 6,457 |
| Goodwill | 6,650 | 6,686 |
| Intangible assets (net of accumulated amortization of $1,250 and $910 at December 31, 2012 and December 31, 2011, respectively) (includes $7 and $133 at fair value at December 31, 2012 and December 31, 2011, respectively) | 3,783 | 4,285 |
| Other assets ($593 and $446 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities, generally not available to the Company) | 10,511 | 12,106 |
| Total assets | 780,960 | 749,898 |
| Liabilities and Equity | ||
| Deposits (includes $1,485 and $2,101 at fair value at December 31, 2012 and December 31, 2011, respectively) | 83,266 | 65,662 |
| Commercial paper and other short-term borrowings (includes $725 and $1,339 at fair value at December 31, 2012 and December 31, 2011, respectively) | 2,138 | 2,843 |
| Financial instruments sold, not yet purchased, at fair value: | ||
| U.S. government and agency securities | 21,620 | 19,630 |
| Other sovereign government obligations | 29,614 | 17,141 |
| Corporate and other debt | 5,054 | 8,410 |
| Corporate equities | 26,876 | 24,497 |
| Derivative and other contracts | 36,958 | 46,453 |
| Physical commodities | 0 | 16 |
| Total financial instruments sold, not yet purchased, at fair value | 120,122 | 116,147 |
| Obligation to return securities received as collateral, at fair value | 18,226 | 15,394 |
| Securities sold under agreements to repurchase (includes $363 and $348 at fair value at December 31, 2012 and December 31, 2011, respectively) | 122,674 | 104,800 |
| Securities loaned | 36,849 | 30,462 |
| Other secured financings (includes $9,466 and $14,594 at fair value at December 31, 2012 and December 31, 2011, respectively) ($976 and $2,316 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 15,727 | 20,719 [1] |
| Payables: | ||
| Customers | 122,540 | 117,241 |
| Brokers, dealers and clearing organizations | 2,497 | 4,082 |
| Interest and dividends | 2,685 | 2,292 |
| Other liabilities and accrued expenses ($117 and $121 at December 31, 2012 and December 31, 2011, respectively, related to consolidated variable interest entities and are non-recourse to the Company) | 14,928 | 15,944 |
| Long-term borrowings (includes $44,044 and $39,663 at fair value at December 31, 2012 and December 31, 2011, respectively) | 169,571 | 184,234 |
| Total liabilities | 711,223 | 679,820 |
| Commitments and contingent liabilities | ||
| Redeemable noncontrolling interest | 4,309 | 0 |
| Equity | ||
| Morgan Stanley shareholders' equity: | ||
| Preferred stock | 1,508 | 1,508 |
| Common stock, $0.01 par value: Shares authorized: 3,500,000,000 at December 31, 2012 and December 31, 2011; Shares issued: 2,038,893,979 at December 31, 2012 and 1,989,377,171 at December 31, 2011; Shares outstanding: 1,974,042,123 at December 31, 2012 and 1,926,986,130 at December 31, 2011 | 20 | 20 |
| Paid-in capital | 23,426 | 22,836 |
| Retained earnings | 39,912 | 40,341 |
| Employee stock trust | 2,932 | 3,166 |
| Accumulated other comprehensive loss | (516) | (157) |
| Common stock held in treasury, at cost, $0.01 par value; 64,851,856 shares at December 31, 2012 and 62,391,041 shares at December 31, 2011 | (2,241) | (2,499) |
| Common stock issued to employee trust | (2,932) | (3,166) |
| Total Morgan Stanley shareholders' equity | 62,109 | 62,049 |
| Nonredeemable noncontrolling interests | 3,319 | 8,029 |
| Total equity | 65,428 | 70,078 |
| Total liabilities, redeemable noncontrolling interests and equity | 780,960 | 749,898 |
| [1] Amounts include $9,466 million at fair value at December 31, 2012 and $14,594 million at fair value at December 31, 2011. | ||
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2012 | |
| 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 |