Morgan Stanley 2014 Annual Report Download - page 63

Financial Information and Statistical Data (dollars in millions, except where noted and per share amounts)—
(Continued).
At
December 31, 2014
At
December 31, 2013
Total loans(13) ................................................ $ 66,577 $ 42,874
Total assets ................................................... $801,510 $832,702
U.S. Subsidiary Banks loans(13)(14) .............................. $ 59,622 $ 35,039
U.S. Subsidiary Banks assets(14) ................................. $151,157 $125,341
Total deposits ................................................. $133,544 $112,379
Long-term borrowings ......................................... $152,772 $153,575
Maturities of long-term borrowings outstanding (next 12 months) ..... $ 20,740 $ 24,193
Worldwide employees .......................................... 55,802 55,794
Book value per common share(15) ................................ $ 33.25 $ 32.24
Tangible book value per common share(16) ........................ $ 28.26 $ 27.16
Global Liquidity Reserve held by bank and non-bank legal entities
(dollars in billions)(17) ....................................... $ 193 $ 202
Average Global Liquidity Reserve (dollars in billions)(17)(18):
Bank legal entities .......................................... $ 87 $ 75
Non-bank legal entities ...................................... 108 117
Total average Global Liquidity Reserve ..................... $ 195 $ 192
Capital ratios(19):
Common Equity Tier 1 capital ratio (Transitional/Advanced Approach
in 2014) ................................................ 12.6% N/A
Tier 1 common capital ratio .................................. N/A 12.8%
Tier 1 capital ratio (Transitional/Advanced Approach in 2014) ....... 14.1% 15.6%
Total capital ratio (Transitional/Advanced Approach in 2014) ....... 16.4% 16.9%
Tier 1 leverage ratio (Transitional/Advanced Approach in 2014)(20) . . 7.9% 7.6%
Consolidated assets under management or supervision (dollars in
billions)(1)(21):
Investment Management(22) .................................. $ 403 $ 377
Wealth Management ........................................ 778 688
Total ................................................. $ 1,181 $ 1,065
N/M—Not Meaningful
N/A—Not Applicable
EMEA—Europe, Middle East and Africa
DVA—Debt Valuation Adjustment represents the change in the fair value of certain of the Company’s long-term and short-term borrowings
resulting from the fluctuation in the Company’s credit spreads and other credit factors.
(1) On October 1, 2014, the Managed Futures business was transferred from the Company’s Wealth Management business segment to the
Company’s Investment Management business segment. All prior-period amounts have been recast to conform to the current year’s
presentation.
(2) See Notes 2, 3 and 15 to the Company’s consolidated financial statements in Item 8 for information on redeemable and nonredeemable
noncontrolling interests.
(3) See Note 1 to the Company’s consolidated financial statements in Item 8 for information on discontinued operations.
(4) For the calculation of basic and diluted earnings per share (“EPS”), see Note 16 to the Company’s consolidated financial statements in
Item 8.
(5) Regional net revenues reflect the regional view of the Company’s consolidated net revenues, on a managed basis. For a further
discussion regarding the geographic methodology for net revenues, see Note 21 to the Company’s consolidated financial statements in
Item 8.
(6) Pre-tax profit margin is a non-generally accepted accounting principle (“non-GAAP”) financial measure that the Company considers to
be a useful measure to the Company and investors to assess operating performance. Percentages represent income from continuing
operations before income taxes as a percentage of net revenues.
(7) For a discussion of the effective income tax rate, see “Overview of 2014 Financial Results” herein and Note 20 to the Company’s
consolidated financial statements in Item 8.
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