Morgan Stanley 2010 Annual Report Download - page 48

Item 6. Selected Financial Data.
MORGAN STANLEY
SELECTED FINANCIAL DATA
(dollars in millions, except share and per share data)
2010 2009(1)(2)
Fiscal
2008
Fiscal
2007
Fiscal
2006
One Month
Ended
December 31,
2008(2)
Income Statement Data:
Revenues:
Investment banking ............................. $ 5,122 $ 5,020 $ 4,057 $ 6,321 $ 4,706 $ 196
Principal transactions:
Trading .................................. 9,406 7,722 6,170 1,723 10,290 (1,491)
Investments ............................... 1,825 (1,034) (3,888) 3,328 1,791 (205)
Commissions .................................. 4,947 4,233 4,443 4,654 3,746 213
Asset management, distribution and administration
fees ........................................ 7,957 5,884 4,839 5,486 4,231 292
Other ........................................ 1,501 837 3,851 777 210 109
Total non-interest revenues ................... 30,758 22,662 19,472 22,289 24,974 (886)
Interest income ................................ 7,278 7,477 38,931 61,420 44,270 1,089
Interest expense ................................ 6,414 6,705 36,263 57,264 40,904 1,140
Net interest ................................ 864 772 2,668 4,156 3,366 (51)
Net revenues .............................. 31,622 23,434 22,140 26,445 28,340 (937)
Non-interest expenses:
Compensation and benefits ....................... 16,048 14,434 11,851 16,111 13,593 582
Other ........................................ 9,372 8,017 9,035 7,573 6,353 475
Total non-interest expenses ................... 25,420 22,451 20,886 23,684 19,946 1,057
Income (loss) from continuing operations before income
taxes ........................................... 6,202 983 1,254 2,761 8,394 (1,994)
Provision for (benefit from) income taxes ................ 739 (341) 16 573 2,469 (725)
Income (loss) from continuing operations ................ 5,463 1,324 1,238 2,188 5,925 (1,269)
Discontinued operations(3):
Gain (loss) from discontinued operations ............ 606 33 1,004 1,697 2,351 (14)
Provision for (benefit from) income taxes ............ 367 (49) 464 636 789 2
Net gain (loss) from discontinued operations ..... 239 82 540 1,061 1,562 (16)
Net income (loss) ................................... 5,702 1,406 1,778 3,249 7,487 (1,285)
Net income applicable to noncontrolling interests ..... 999 60 71 40 15 3
Net income (loss) applicable to Morgan Stanley .......... $ 4,703 $ 1,346 $ 1,707 $ 3,209 $ 7,472 $(1,288)
Earnings (loss) applicable to Morgan Stanley common
shareholders(4) .................................. $ 3,594 $ (907) $ 1,495 $ 2,976 $ 7,027 $(1,624)
Amounts applicable to Morgan Stanley:
Income (loss) from continuing operations ............ $ 4,464 $ 1,280 $ 1,205 $ 2,150 $ 5,913 $(1,269)
Net gain (loss) from discontinued operations ......... 239 66 502 1,059 1,559 (19)
Net income (loss) applicable to Morgan Stanley . . $ 4,703 $ 1,346 $ 1,707 $ 3,209 $ 7,472 $(1,288)
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