Morgan Stanley 2010 Annual Report Download - page 127

MORGAN STANLEY
Consolidated Statements of Financial Condition—(Continued)
(dollars in millions, except share data)
December 31,
2010
December 31,
2009
Liabilities and Equity
Deposits (includes $3,027 and $4,967 at fair value at December 31, 2010 and
December 31, 2009, respectively) ........................................... $ 63,812 $ 62,215
Commercial paper and other short-term borrowings (includes $1,799 and $791 at fair
value at December 31, 2010 and December 31, 2009, respectively) ................ 3,256 2,378
Financial instruments sold, not yet purchased, at fair value:
U.S. government and agency securities .................................... 27,948 20,503
Other sovereign government obligations ................................... 22,250 18,244
Corporate and other debt ................................................ 10,918 7,826
Corporate equities ..................................................... 19,838 22,601
Derivative and other contracts ............................................ 47,802 38,209
Total financial instruments sold, not yet purchased, at fair value ..................... 128,756 107,383
Obligation to return securities received as collateral, at fair value .................... 21,163 13,656
Securities sold under agreements to repurchase (includes $849 at fair value at
December 31, 2010) ..................................................... 147,598 159,401
Securities loaned .......................................................... 29,094 26,246
Other secured financings (includes $8,490 and $8,102 at fair value at December 31, 2010
and December 31, 2009, respectively) ($2,656 at December 31, 2010 related to
consolidated variable interest entities and are non-recourse to the Company) ......... 10,453 8,102
Payables:
Customers ........................................................... 123,249 117,058
Brokers, dealers and clearing organizations ................................. 3,363 5,423
Interest and dividends .................................................. 2,572 2,597
Other liabilities and accrued expenses ......................................... 16,518 20,849
Long-term borrowings (includes $42,709 and $37,610 at fair value at December 31, 2010
and December 31, 2009, respectively) ....................................... 192,457 193,374
742,291 718,682
Commitments and contingent liabilities (see Note 13)
Equity
Morgan Stanley shareholders’ equity:
Preferred stock .................................................... 9,597 9,597
Common stock, $0.01 par value;
Shares authorized: 3,500,000,000 at December 31, 2010 and December 31,
2009; Shares issued: 1,603,913,074 at December 31, 2010 and
1,487,850,163 at December 31, 2009; Shares outstanding:
1,512,022,095 at December 31, 2010 and 1,360,595,214 at
December 31, 2009 .......................................... 16 15
Paid-in capital .................................................... 13,521 8,619
Retained earnings ................................................. 38,603 35,056
Employee stock trust ............................................... 3,465 4,064
Accumulated other comprehensive loss ................................ (467) (560)
Common stock held in treasury, at cost, $0.01 par value; 91,890,979 shares at
December 31, 2010 and 127,254,949 shares at December 31, 2009 ........ (4,059) (6,039)
Common stock issued to employee trust ................................ (3,465) (4,064)
Total Morgan Stanley shareholders’ equity ......................... 57,211 46,688
Noncontrolling interests ................................................ 8,196 6,092
Total equity .................................................. 65,407 52,780
Total liabilities and equity ................................................... $807,698 $771,462
See Notes to Consolidated Financial Statements.
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