Morgan Stanley 2009 Annual Report Download - page 119

MORGAN STANLEY
Consolidated Statements of Financial Condition—(Continued)
(dollars in millions, except share data)
December 31,
2009
December 31,
2008
Liabilities and Equity
Commercial paper and other short-term borrowings (includes $791 and $1,246 at fair
value in 2009 and 2008, respectively) .................................... $ 2,378 $ 10,102
Deposits (includes $4,967 and $9,993 at fair value in 2009 and 2008,
respectively) ........................................................ 62,215 51,355
Financial instruments sold, not yet purchased, at fair value:
U.S. government and agency securities ................................. 20,503 11,902
Other sovereign government obligations ................................ 18,244 9,511
Corporate and other debt ............................................ 7,826 9,927
Corporate equities ................................................. 22,601 16,840
Derivative and other contracts ........................................ 38,209 68,554
Physical commodities .............................................. — 33
Total financial instruments sold, not yet purchased, at fair value ................. 107,383 116,767
Obligation to return securities received as collateral, at fair value ................ 13,656 5,231
Securities sold under agreements to repurchase .............................. 159,401 92,213
Securities loaned ...................................................... 26,246 14,580
Other secured financings, at fair value ..................................... 8,102 12,539
Payables:
Customers ....................................................... 117,058 123,617
Brokers, dealers and clearing organizations ............................. 5,423 1,585
Interest and dividends .............................................. 2,597 3,305
Other liabilities and accrued expenses ...................................... 20,849 16,179
Long-term borrowings (includes $37,610 and $30,766 at fair value in 2009 and 2008,
respectively) ........................................................ 193,374 179,835
718,682 627,308
Commitments and contingencies
Equity
Morgan Stanley shareholders’ equity:
Preferred stock ................................................ 9,597 19,168
Common stock, $0.01 par value;
Shares authorized: 3,500,000,000 in 2009 and 2008;
Shares issued: 1,487,850,163 in 2009 and 1,211,701,552 in 2008;
Shares outstanding: 1,360,595,214 in 2009 and 1,074,497,565 in
2008 .................................................. 15 12
Paid-in capital ................................................ 8,619 459
Retained earnings .............................................. 35,056 36,154
Employee stock trust ........................................... 4,064 4,312
Accumulated other comprehensive loss ............................ (560) (420)
Common stock held in treasury, at cost, $0.01 par value; 127,254,949
shares in 2009 and 137,203,987 shares in 2008 ..................... (6,039) (6,620)
Common stock issued to employee trust ............................ (4,064) (4,312)
Total Morgan Stanley shareholders’ equity ...................... 46,688 48,753
Non-controlling interests ............................................ 6,092 703
Total equity .............................................. 52,780 49,456
Total liabilities and equity ............................................... $771,462 $676,764
See Notes to Consolidated Financial Statements.
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