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: 2011 | |||
Condensed Consolidated Statements Of Income | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Revenues: | |||
| Investment banking | $ 4,991 | 5,122 | 5,020 |
| Principal transactions: | |||
| Trading | 12,392 | 9,406 | 7,723 |
| Investments | 573 | 1,825 | (1,034) |
| Commissions and fees | 5,379 | 4,947 | 4,233 |
| Asset management, distribution and administration fees | 8,502 | 7,919 | 5,841 |
| Other | 209 | 1,271 | 707 |
| Total non-interest revenues | 32,046 | 30,490 | 22,490 |
| Interest income | 7,264 | 7,311 | 7,477 |
| Interest expense | 6,907 | 6,414 | 6,687 [1] |
| Net interest | 357 | 897 | 790 |
| Net revenues | 32,403 | 31,387 | 23,280 |
| Non-interest expenses: | |||
| Compensation and benefits | 16,403 | 15,923 | 14,331 |
| Occupancy and equipment | 1,564 | 1,560 | 1,540 |
| Brokerage, clearing and exchange fees | 1,652 | 1,431 | 1,190 |
| Information processing and communications | 1,815 | 1,648 | 1,363 |
| Marketing and business development | 602 | 576 | 500 |
| Professional services | 1,803 | 1,818 | 1,577 |
| Other | 2,450 | 2,200 | 1,649 |
| Total non-interest expenses | 26,289 | 25,156 | 22,150 |
| Income from continuing operations before income taxes | 6,114 | 6,231 | 1,130 |
| Provision for (benefit from) income taxes | 1,418 | 754 | (297) |
| Income from continuing operations | 4,696 | 5,477 | 1,427 |
| Discontinued operations: | |||
| Gain (loss) from discontinued operations | (175) [2] | 577 | (114) |
| Provision for (benefit from) income taxes | (124) | 352 | (93) |
| Net gain (loss) from discontinued operations | (51) | 225 | (21) |
| Net income | 4,645 | 5,702 | 1,406 |
| Net income applicable to noncontrolling interests | 535 | 999 | 60 |
| Net income applicable to Morgan Stanley | 4,110 | 4,703 | 1,346 |
| Earnings (loss) applicable to Morgan Stanley common shareholders | 2,067 | 3,594 | (907) |
| Amounts applicable to Morgan Stanley: | |||
| Income from continuing operations | 4,161 | 4,478 | 1,383 |
| Net gain (loss) from discontinued operations | (51) | 225 | (37) |
| Net income applicable to Morgan Stanley | 4,110 | 4,703 | 1,346 |
| Earnings (loss) per basic common share: | |||
| Income (loss) from continuing operations | 1.28 | 2.49 | (0.73) |
| Net gain (loss) from discontinued operations | (0.03) | 0.15 | (0.04) |
| Earnings (loss) per basic common share | 1.25 | 2.64 | (0.77) |
| Earnings (loss) per diluted common share: | |||
| Income (loss) from continuing operations | 1.26 | 2.45 | (0.73) |
| Net gain (loss) from discontinued operations | (0.03) | 0.18 | (0.04) |
| Earnings (loss) per diluted common share | 1.23 | 2.63 | (0.77) |
| Average common shares outstanding: | |||
| Basic | 1,654,708,640 | 1,361,670,938 | 1,185,414,871 |
| Diluted | 1,675,271,669 | 1,411,268,971 | 1,185,414,871 |
| [2] See Notes 1 and 25 for discussion of discontinued operations. | |||
| [1] Interest income and expense are recorded within the consolidated statements of income depending on the nature of the instrument and related market conventions. When interest is included as a component of the instruments fair value, interest is included within Principal transactionsTrading revenues or Principal transactionsInvestments revenues. Otherwise, it is included within Interest income or Interest expense. | |||
| External Links | |
| MORGAN STANLEY (MS) Fiscal Year 2011 | |
| 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 |