Morgan Stanley 1998 Annual Report Download - page 55
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Note
Receivable
Related to
Sale of Common Common
Employee Cumulative Preferred Stock Held Stock Issued
Preferred Common Paid-in Retained Stock Translation Stock to in Treasury to Employee
(dollars in millions) Stock Stock Capital Earnings Trust Adjustments ESOP at Cost Trust Total
BALANCE AT NOVEMBER 30, 1997 $ 876 $ 6 $ 3,727 $ 9,330 $ 1,681 $ (9) $ (68) $ (250) $ (1,337) $ 13,956
Net income — — — 3,276 — — — — — 3,276
Dividends — — — (526) — — — — — (526)
Redemption of 7-3⁄8%
Cumulative Preferred Stock (200) — — — — — — — — (200)
Conversion of ESOP Preferred Stock (2) — (12) — — — — 14 — —
Issuance of common stock — — (210) — — — — 417 — 207
Repurchases of common stock — — — — — — — (2,925) — (2,925)
Compensation payable in
common stock — — 241 — 232 — — 42 (189) 326
ESOP shares allocated, at cost — — — — — — 8 — — 8
Translation adjustments — — — — — (3) — — — (3)
BALANCE AT NOVEMBER 30, 1998 $ 674 $ 6 $ 3,746 $ 12,080 $ 1,913 $ (12) $ (60) $ (2,702) $ (1,526) $ 14,119
See Notes to Consolidated Financial Statements.
*FIFTY
-NINE *
MORGAN STANLEY DEAN WITTER *1998 ANNUAL REPORT