Morgan Stanley 2010 Annual Report Download - page 247

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Fiscal 2008
Institutional
Securities
Global Wealth
Management
Group
Asset
Management Discover
Intersegment
Eliminations Total
(dollars in millions)
Total non-interest revenues .............. $13,024 $6,085 $ 621 $ — $(258) $19,472
Net interest ........................... 1,744 934 (74) — 64 2,668
Net revenues ......................... $14,768 $7,019 $ 547 $ — $(194) $22,140
Income (loss) from continuing operations
before income taxes(4) ............... $ 1,540 $1,154 $(1,423) $ — $ (17) $ 1,254
Provision for (benefit from) income taxes . . 149 440 (567) — (6) 16
Income (loss) from continuing operations . . . 1,391 714 (856) — (11) 1,238
Discontinued operations(2):
Gain (loss) from discontinued
operations ..................... 1,460 — (383) (100) 27 1,004
Provision for (benefit from) income
taxes .......................... 575 — (122) — 11 464
Net gain (loss) on discontinued
operations(3) ............... 885 — (261) (100) 16 540
Net income (loss) ...................... 2,276 714 (1,117) (100) 5 1,778
Net income applicable to noncontrolling
interests ........................... 71 — — — — 71
Net income (loss) applicable to Morgan
Stanley ............................ $ 2,205 $ 714 $(1,117) $(100) $ 5 $ 1,707
One Month Ended December 31, 2008
Institutional
Securities
Global Wealth
Management
Group
Asset
Management
Intersegment
Eliminations Total
(dollars in millions)
Total non-interest revenues ..................... $(1,215) $358 $ (8) $ (21) $ (886)
Net interest .................................. (107) 51 (1) 6 (51)
Net revenues ................................. $(1,322) $409 $ (9) $ (15) $ (937)
Income (loss) from continuing operations
before income taxes ......................... $(1,997) $118 $(114) $ (1) $(1,994)
Provision for (benefit from) income taxes .......... (726) 45 (44) — (725)
Income (loss) from continuing operations .......... (1,271) 73 (70) (1) (1,269)
Discontinued operations(2):
Gain (loss) from discontinued operations ...... (20) — 4 2 (14)
Provision for (benefit from) income taxes ...... (1) — 2 1 2
Net gain (loss) from discontinued
operations(3) ...................... (19) — 2 1 (16)
Net income (loss) ............................. (1,290) 73 (68) — (1,285)
Net income applicable to noncontrolling interests .... 3 — — — 3
Net income (loss) applicable to Morgan Stanley ..... $(1,293) $ 73 $ (68) $— $(1,288)
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