Morgan Stanley 2009 Annual Report Download - page 232

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
25. Transition Period Financial Information.
One Month
Ended December 31,
2008 2007 (Unaudited)
(dollars in millions, except share
and per share data)
Income Statement Data:
Net revenues ............................................ $ (968) $ 2,907
(Loss) income from continuing operations before income taxes .... $ (2,027) $ 903
(Benefit from) provision for income taxes ..................... (732) 303
(Loss) income from continuing operations ..................... (1,295) 600
Discontinued operations:
Gain from discontinued operations ....................... 18 52
Provision for income taxes ............................. 8 21
Gain on discontinued operations ..................... 10 31
Net (loss) income ........................................ $ (1,285) $ 631
Net income applicable to non-controlling interest ........... $ 3 $ 5
Net (loss) income applicable to Morgan Stanley ................ $ (1,288) $ 626
Amounts attributable to Morgan Stanley common shareholders:
(Loss) income from continuing operations, net of tax ........ $ (1,295) $ 596
Gain from discontinued operations, net of tax .............. 7 30
Net (loss) income applicable to Morgan Stanley ........ $ (1,288) $ 626
Per Share Data:
(Loss) earnings per basic common share:
(Loss) income from continuing operations ................. $ (1.63) $ 0.55
Gain on discontinued operations ......................... 0.01 0.03
(Loss) earnings per basic common share .............. $ (1.62) $ 0.58
(Loss) earnings per diluted common share:
(Loss) income from continuing operations ................. $ (1.63) $ 0.54
Gain on discontinued operations ......................... 0.01 0.03
(Loss) earnings per diluted common share ............. $ (1.62) $ 0.57
Average common shares outstanding:
Basic .............................................. 1,002,058,928 1,001,916,565
Diluted ............................................. 1,002,058,928 1,014,454,968
Balance Sheet Data:
Total assets ............................................. $ 676,764 $ 1,097,021
Total capital ............................................. 208,008 198,210
Long-term borrowings ..................................... 179,835 199,459
Total Morgan Stanley shareholders’ equity .................... 48,753 31,777
Non-controlling interests ............................... 703 1,571
Total equity ............................................. 49,456 33,348
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