Morgan Stanley 2009 Annual Report Download - page 38

2009(1)(2)
Fiscal Year
2008(3)
Fiscal Year
2007(3)
Fiscal Year
2006(3)
Fiscal Year
2005(3)
One Month
Ended
December 31,
2008(2)(3)
Per Share Data:
(Loss) earnings per basic common
share(6):
(Loss) income from continuing
operations .............. $ (0.93) $ 0.92 $ 1.98 $ 5.50 $ 3.79 $ (1.63)
Net gain from discontinued
operations .............. 0.16 0.53 0.99 1.46 0.71 0.01
Cumulative effect of
accounting change, net .... ————0.05 —
(Loss) earnings per basic
common share ....... $ (0.77) $ 1.45 $ 2.97 $ 6.96 $ 4.55 $ (1.62)
(Loss) earnings per diluted common
share(6):
(Loss) income from continuing
operations .............. $ (0.93) $ 0.88 $ 1.94 $ 5.42 $ 3.75 $ (1.63)
Net gain from discontinued
operations .............. 0.16 0.51 0.96 1.43 0.70 0.01
Cumulative effect of
accounting change, net .... ————0.05 —
(Loss) earnings per
diluted common
share .............. $ (0.77) $ 1.39 $ 2.90 $ 6.85 $ 4.50 $ (1.62)
Book value per common
share(7) .................... $ 27.26 $ 30.24 $ 28.56 $ 32.67 $ 27.59 $ 27.53
Dividends declared per common
share ...................... $ 0.17 $ 1.08 $ 1.08 $ 1.08 $ 1.08 $ 0.27
Balance Sheet and Other
Operating Data:
Total assets ................... $ 771,462 $ 659,035 $ 1,045,409 $ 1,121,192 $ 898,835 $ 676,764
Total capital(8) ................ 213,974 192,297 191,085 162,134 125,891 208,008
Long-term borrowings(8) ........ 167,286 141,466 159,816 126,770 96,709 159,255
Morgan Stanley shareholders’
equity ...................... 46,688 50,831 31,269 35,364 29,182 48,753
Return on average common
shareholders’ equity .......... N/M 3.2% 6.5% 22.0% 17.1% N/M
Average common and equivalent
shares(5) ................... 1,185,414,871 1,028,180,275 1,001,878,651 1,010,254,255 1,049,896,047 1,002,058,928
(1) Information includes Morgan Stanley Smith Barney Holdings LLC (“MSSB”) effective May 31, 2009 (see Note 3 to the consolidated financial
statements).
(2) On December 16, 2008, the Board of Directors of the Company (the “Board”) approved a change in the Company’s fiscal year end from November 30
to December 31 of each year. This change to the calendar year reporting cycle began January 1, 2009. As a result of the change, the Company had a one
month transition period in December 2008.
(3) Certain prior-period information has been reclassified to conform to the current year’s presentation.
(4) Amounts include operating results and gains on secondary offerings related to MSCI Inc. (“MSCI”), operating results and gains (losses) related to the
disposition of Crescent Real Estate Equities Limited Partnership (“Crescent”), operating results of the retail asset management business being sold to
Invesco Ltd. (“Invesco”) (“Retail Asset Management”), and other discontinued operations.
(5) Amounts shown are used to calculate earnings per basic common share.
(6) For the calculation of basic and diluted earnings per common share (“EPS”), see Note 14 to the consolidated financial statements.
(7) Book value per common share equals common shareholders’ equity of $37,091 million at December 31, 2009, $31,676 million at November 30, 2008,
$30,169 million at November 30, 2007, $34,264 million at November 30, 2006, $29,182 million at November 30, 2005 and $29,585 million at
December 31, 2008, divided by common shares outstanding of 1,361 million at December 31, 2009, 1,048 million at November 30, 2008, 1,056 million
at November 30, 2007, 1,049 million at November 30, 2006, 1,058 million at November 30, 2005 and 1,074 million at December 31, 2008.
(8) These amounts exclude the current portion of long-term borrowings and include junior subordinated debt issued to capital trusts. At November 30, 2006
and November 30, 2005, capital units were included in total capital.
34