Morgan Stanley 2015 Annual Report Download - page 249

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
2014
Institutional
Securities(2)
Wealth
Management
Investment
Management
Intersegment
Eliminations Total
(dollars in millions)
Total non-interest revenues(3)(4) ........................ $ 17,463 $ 12,549 $ 2,728 $ (200) $32,540
Interest income ...................................... 3,389 2,516 2 (494) 5,413
Interest expense ..................................... 3,981 177 18 (498) 3,678
Net interest ....................................... (592) 2,339 (16) 4 1,735
Net revenues .................................... $ 16,871 $ 14,888 $ 2,712 $ (196) $34,275
Income (loss) from continuing operations before income
taxes ............................................ $ (58) $ 2,985 $ 664 $ — $ 3,591
Provision for (benefit from) income taxes(5) ............... (90) (207) 207 — (90)
Income from continuing operations ...................... 32 3,192 457 — 3,681
Discontinued operations:
Income (loss) from discontinued operations before income
taxes .......................................... (26) — 7 — (19)
Provision for (benefit from) income taxes ............... (7) — 2 — (5)
Income (loss) from discontinued operations ........... (19) — 5 — (14)
Net income ......................................... 13 3,192 462 — 3,667
Net income applicable to nonredeemable noncontrolling
interests ........................................ 109 — 91 — 200
Net income (loss) applicable to Morgan Stanley ............ $ (96) $ 3,192 $ 371 $ — $ 3,467
2013
Institutional
Securities
Wealth
Management
Investment
Management
Intersegment
Eliminations Total
(dollars in millions)
Total non-interest revenues ............................. $ 16,620 $ 12,268 $ 3,060 $ (233) $31,715
Interest income ...................................... 3,572 2,100 9 (472) 5,209
Interest expense ...................................... 4,673 225 10 (477) 4,431
Net interest ....................................... (1,101) 1,875 (1) 5 778
Net revenues .................................... $15,519 $ 14,143 $ 3,059 $ (228) $32,493
Income from continuing operations before income taxes ...... $ 946 $ 2,604 $ 1,008 $ — $ 4,558
Provision for (benefit from) income taxes(6) ............... (315) 910 307 — 902
Income from continuing operations ...................... 1,261 1,694 701 — 3,656
Discontinued operations:
Income (loss) from discontinued operations .............. (81) (1) 9 1 (72)
Provision for (benefit from) income taxes ............... (29) — — — (29)
Income (loss) from discontinued operations ............ (52) (1) 9 1 (43)
Net income ......................................... 1,209 1,693 710 1 3,613
Net income applicable to redeemable noncontrolling
interests ........................................ 1 221 — — 222
Net income applicable to nonredeemable noncontrolling
interests ........................................ 277 — 182 — 459
Net income applicable to Morgan Stanley ................. $ 931 $ 1,472 $ 528 $ 1 $ 2,932
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