Morgan Stanley 2009 Annual Report Download - page 52

INSTITUTIONAL SECURITIES
INCOME STATEMENT INFORMATION
2009
Fiscal
2008
Fiscal
2007
One Month
Ended
December 31,
2008
(dollars in millions)
Revenues:
Investment banking .................................. $ 4,454 $ 3,630 $ 5,538 $ 177
Principal transactions:
Trading ........................................ 6,315 5,199 2,741 (1,714)
Investments .................................... (875) (2,478) 1,458 (158)
Commissions ....................................... 2,153 3,100 3,261 128
Asset management, distribution and administration fees ..... 99 142 104 11
Other ............................................. 546 2,723 568 88
Total non-interest revenues ........................ 12,692 12,316 13,670 (1,468)
Interest and dividends ................................ 6,588 38,330 59,126 1,222
Interest expense ..................................... 6,503 35,908 57,066 1,107
Net interest ..................................... 85 2,422 2,060 115
Net revenues ............................... 12,777 14,738 15,730 (1,353)
Compensation and benefits ............................ 7,216 7,120 10,046 283
Non-compensation expenses ........................... 4,579 6,195 5,034 394
Total non-interest expenses ................................ 11,795 13,315 15,080 677
Income (loss) from continuing operations before
income taxes ............................. 982 1,423 650 (2,030)
(Benefit from) provision for income taxes .................... (293) 113 (233) (733)
Income (loss) from continuing operations ......... 1,275 1,310 883 (1,297)
Discontinued operations:
Gain from discontinued operations ...................... 503 1,578 160 12
Provision for income taxes ............................ 222 612 63 5
Gain on discontinued operations .................... 281 966 97 7
Net income (loss) ........................................ 1,556 2,276 980 (1,290)
Net income applicable to non-controlling interests .......... 12 71 40 3
Net income (loss) applicable to Morgan Stanley ............... $ 1,544 $ 2,205 $ 940 $(1,293)
Amounts attributable to Morgan Stanley common shareholders:
Income (loss) from continuing operations, net of tax ........ $ 1,279 $ 1,277 $ 845 $(1,297)
Gain from discontinued operations, net of tax ............. 265 928 95 4
Net income (loss) applicable to Morgan Stanley ............... $ 1,544 $ 2,205 $ 940 $(1,293)
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