Morgan Stanley 2015 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2015 Morgan Stanley annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 278

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278

Item 6. Selected Financial Data.
MORGAN STANLEY
SELECTED FINANCIAL DATA
(dollars in millions, except share and per share data)
2015 2014 2013 2012 2011
Income Statement Data:
Revenues:
Total non-interest revenues ............................................... $ 32,062 $ 32,540 $ 31,715 $ 26,383 $ 31,953
Interest income ...................................................... 5,835 5,413 5,209 5,692 7,234
Interest expense ...................................................... 2,742 3,678 4,431 5,897 6,883
Net interest ....................................................... 3,093 1,735 778 (205) 351
Net revenues ................................................... 35,155 34,275 32,493 26,178 32,304
Non-interest expenses:
Compensation and benefits ............................................. 16,016 17,824 16,277 15,615 16,325
Other .............................................................. 10,644 12,860 11,658 9,967 9,792
Total non-interest expenses .......................................... 26,660 30,684 27,935 25,582 26,117
Income from continuing operations before income taxes ........................ 8,495 3,591 4,558 596 6,187
Provision for (benefit from) income taxes .................................... 2,200 (90) 902 (161) 1,491
Income from continuing operations ......................................... 6,295 3,681 3,656 757 4,696
Discontinued operations:
Income (loss) from discontinued operations before income taxes ............... (23) (19) (72) (48) (170)
Provision for (benefit from) income taxes .................................. (7) (5) (29) (7) (119)
Income (loss) from discontinued operations ............................. (16) (14) (43) (41) (51)
Net income ............................................................ 6,279 3,667 3,613 716 4,645
Net income applicable to redeemable noncontrolling interests(1) ............... — 222 124
Net income applicable to nonredeemable noncontrolling interests(1) ............ 152 200 459 524 535
Net income applicable to Morgan Stanley .................................... $ 6,127 $ 3,467 $ 2,932 $ 68 $ 4,110
Preferred stock dividends and other ......................................... 456 315 277 98 2,043
Earnings (loss) applicable to Morgan Stanley common shareholders(2) ............. $ 5,671 $ 3,152 $ 2,655 $ (30) $ 2,067
Amounts applicable to Morgan Stanley:
Income from continuing operations ....................................... $ 6,143 $ 3,481 $ 2,975 $ 138 $ 4,168
Income (loss) from discontinued operations ................................ (16) (14) (43) (70) (58)
Net income applicable to Morgan Stanley ............................... $ 6,127 $ 3,467 $ 2,932 $ 68 $ 4,110
36