Morgan Stanley 2014 Annual Report Download - page 295
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MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
2013
Institutional
Securities
Wealth
Management(2)
Investment
Management(2)
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 ............................. (315) 910 307 — 902
Income from continuing operations ....... 1,261 1,694 701 — 3,656
Discontinued operations(4):
Income (loss) from discontinued
operations before income taxes .... (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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