Morgan Stanley 2010 Annual Report Download - page 49

2010 2009(1)(2) Fiscal 2008 Fiscal 2007 Fiscal 2006
One Month
Ended
December 31,
2008(2)
Per Share Data:
Earnings (loss) per basic common share(5):
Income (loss) from continuing
operations ..................... $ 2.48 $ (0.82) $ 1.00 $ 1.97 $ 5.50 $ (1.60)
Net gain (loss) from discontinued
operations ..................... 0.16 0.05 0.45 1.00 1.46 (0.02)
Earnings (loss) per basic common
share ..................... $ 2.64 $ (0.77) $ 1.45 $ 2.97 $ 6.96 $ (1.62)
Earnings (loss) per diluted common
share(5):
Income (loss) from continuing
operations ..................... $ 2.44 $ (0.82) $ 0.95 $ 1.92 $ 5.42 $ (1.60)
Net gain (loss) from discontinued
operations ..................... 0.19 0.05 0.44 0.98 1.43 (0.02)
Earnings (loss) per diluted
common share .............. $ 2.63 $ (0.77) $ 1.39 $ 2.90 $ 6.85 $ (1.62)
Book value per common share(6) ......... $ 31.49 $ 27.26 $ 30.24 $ 28.56 $ 32.67 $ 27.53
Dividends declared per common share ..... $ 0.20 $ 0.17 $ 1.08 $ 1.08 $ 1.08 $ 0.27
Balance Sheet and Other Operating Data:
Total assets ...................... $807,698 $771,462 $659,035 $1,045,409 $1,121,192 $676,764
Total capital(7) ................... 222,757 213,974 192,297 191,085 162,134 208,008
Long-term borrowings(7) ........... 165,546 167,286 141,466 159,816 126,770 159,255
Morgan Stanley shareholders’
equity......................... 57,211 46,688 50,831 31,269 35,364 48,753
Return on average common
shareholders’ equity ............. 8.5% N/M 3.2% 6.5% 22.0% N/M
Average common and equivalent
shares(4) ...................... 1,361,670,938 1,185,414,871 1,028,180,275 1,001,878,651 1,010,254,255 1,002,058,928
N/M—Not Meaningful.
(1) Information includes Morgan Stanley Smith Barney Holdings LLC effective May 31, 2009 (see Note 3 to the consolidated financial
statements).
(2) On December 16, 2008, the Board of Directors of the Company 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) Prior period amounts have been recast for discontinued operations. See Note 1 to the consolidated financial statements for information on
discontinued operations.
(4) Amounts shown are used to calculate earnings per basic common share.
(5) For the calculation of basic and diluted earnings per common share, see Note 16 to the consolidated financial statements.
(6) Book value per common share equals common shareholders’ equity of $47,614 million at December 31, 2010, $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 and $29,585 million at December 31, 2008, divided by common shares outstanding of 1,512 million at December 31, 2010,
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 and 1,074 million at December 31, 2008.
(7) These amounts exclude the current portion of long-term borrowings and include junior subordinated debt issued to capital trusts. At
November 30, 2006, capital units were included in total capital.
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