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 Income | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 28, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 3 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues: | |||
| Investment banking | $ 5,122 | 5,020 | 196 |
| Principal transactions: | |||
| Trading | 9,406 | 7,722 | (1,491) |
| Investments | 1,825 | (1,034) | (205) |
| Commissions | 4,947 | 4,233 | 213 |
| Asset management, distribution and administration fees | 7,957 | 5,884 | 292 |
| Other | 1,501 | 837 | 109 |
| Total non-interest revenues | 30,758 [1] | 22,662 | (886) |
| Interest income | 7,278 | 7,477 | 1,089 |
| Interest expense | 6,414 | 6,705 | 1,140 |
| Net interest | 864 | 772 | (51) |
| Net revenues | 31,622 | 23,434 | (937) |
| Non-interest expenses: | |||
| Compensation and benefits | 16,048 | 14,434 | 582 |
| Occupancy and equipment | 1,570 | 1,542 | 123 |
| Brokerage, clearing and exchange fees | 1,431 | 1,190 | 91 |
| Information processing and communications | 1,665 | 1,372 | 95 |
| Marketing and business development | 582 | 501 | 34 |
| Professional services | 1,911 | 1,597 | 109 |
| Other | 2,213 | 1,815 | 23 |
| Total non-interest expenses | 25,420 | 22,451 | 1,057 |
| Income (loss) from continuing operations before income taxes | 6,202 | 983 | (1,994) |
| Provision for (benefit from) income taxes | 739 | (341) | (725) |
| Income (loss) from continuing operations | 5,463 | 1,324 | (1,269) |
| Discontinued operations: | |||
| Gain (loss) from discontinued operations | 606 | 33 | (14) |
| Provision for (benefit from) income taxes | 367 | (49) | 2 |
| Net gain (loss) from discontinued operations | 239 | 82 | (16) |
| Net income (loss) | 5,702 | 1,406 | (1,285) |
| Net income applicable to noncontrolling interests | 999 | 60 | 3 |
| Net income (loss) applicable to Morgan Stanley | 4,703 | 1,346 | (1,288) |
| Earnings (loss) applicable to Morgan Stanley common shareholders | 3,594 | (907) | (1,624) |
| Amounts applicable to Morgan Stanley: | |||
| Income (loss) from continuing operations | 4,464 | 1,280 | (1,269) |
| Net gain (loss) from discontinued operations | 239 | 66 | (19) |
| Net income (loss) applicable to Morgan Stanley | 4,703 | 1,346 | (1,288) |
| Earnings (loss) per basic common share: | |||
| Income (loss) from continuing operations | 2.48 | (0.82) | (1.60) |
| Net gain (loss) from discontinued operations | 0.16 | 0.05 | (0.02) |
| Earnings (loss) per basic common share | 2.64 | (0.77) | (1.62) |
| Earnings (loss) per diluted common share: | |||
| Income (loss) from continuing operations | 2.44 | (0.82) | (1.60) |
| Net gain (loss) from discontinued operations | 0.19 | 0.05 | (0.02) |
| Earnings (loss) per diluted common share | 2.63 | (0.77) | (1.62) |
| Average common shares outstanding: | |||
| Basic | 1,361,670,938 | 1,185,414,871 | 1,002,058,928 |
| Diluted | 1,411,268,971 | 1,185,414,871 | 1,002,058,928 |
| [1] In the fourth quarter of 2010, the Company recognized a pre-tax gain of $176 million in net revenues upon application of the OIS curve within the Institutional Securities business segment (see Note 4). | |||
| 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 |