Morgan Stanley 2015 Annual Report Download - page 130

MORGAN STANLEY
Consolidated Statements of Financial Condition
(dollars in millions, except share data)
December 31,
2015
December 31,
2014
Assets
Cash and due from banks ($14 and $45 at December 31, 2015 and December 31, 2014, respectively, related to consolidated
variable interest entities, generally not available to the Company) ............................................ $ 19,827 $ 21,381
Interest bearing deposits with banks ...................................................................... 34,256 25,603
Cash deposited with clearing organizations or segregated under federal and other regulations or requirements ($186 and
$149 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable interest entities,
generally not available to the Company) ................................................................ 31,469 40,607
Trading assets, at fair value ($127,627 and $127,342 were pledged to various parties at December 31, 2015 and
December 31, 2014, respectively) ($722 and $966 at December 31, 2015 and December 31, 2014, respectively, related to
consolidated variable interest entities, generally not available to the Company) .................................. 228,280 256,801
Investment securities (includes $66,759 and $69,216 at fair value at December 31, 2015 and December 31, 2014,
respectively) ...................................................................................... 71,983 69,316
Securities received as collateral, at fair value ............................................................... 11,225 21,316
Securities purchased under agreements to resell (includes $806 and $1,113 at fair value at December 31, 2015 and
December 31, 2014, respectively) ...................................................................... 87,657 83,288
Securities borrowed ................................................................................... 142,416 136,708
Customer and other receivables ......................................................................... 45,407 48,961
Loans:
Held for investment (net of allowances of $225 and $149 at December 31, 2015 and December 31, 2014, respectively) . . . 72,559 57,119
Held for sale ....................................................................................... 13,200 9,458
Other investments ($328 and $467 at December 31, 2015 and December 31, 2014, respectively, related to consolidated
variable interest entities, generally not available to the Company) ............................................ 4,202 4,355
Premises, equipment and software costs (net of accumulated depreciation of $7,140 and $6,219 at December 31, 2015 and
December 31, 2014, respectively) ($183 and $191 at December 31, 2015 and December 31, 2014, respectively, related to
consolidated variable interest entities, generally not available to the Company) .................................. 6,373 6,108
Goodwill ........................................................................................... 6,584 6,588
Intangible assets (net of accumulated amortization of $2,130 and $1,824 at December 31, 2015 and December 31, 2014,
respectively) (includes $5 and $6 at fair value at December 31, 2015 and December 31, 2014, respectively) ........... 2,984 3,159
Other assets ($47 and $59 at December 31, 2015 and December 31, 2014, respectively, related to consolidated variable
interest entities, generally not available to the Company) ................................................... 9,043 10,742
Total assets ......................................................................................... $ 787,465 $ 801,510
Liabilities
Deposits (includes $125 at fair value at December 31, 2015). .................................................. $ 156,034 $ 133,544
Short-term borrowings (includes $1,648 and $1,765 at fair value at December 31, 2015 and December 31, 2014,
respectively) ...................................................................................... 2,173 2,261
Trading liabilities, at fair value .......................................................................... 109,139 107,381
Obligation to return securities received as collateral, at fair value ............................................... 19,316 25,685
Securities sold under agreements to repurchase (includes $683 and $612 at fair value at December 31, 2015 and
December 31, 2014, respectively) ...................................................................... 36,692 69,949
Securities loaned ..................................................................................... 19,358 25,219
Other secured financings (includes $2,854 and $4,504 at fair value at December 31, 2015 and December 31, 2014,
respectively) ($432 and $348 at December 31, 2015 and December 31, 2014, respectively, related to consolidated
variable interest entities, generally non-recourse to the Company) ............................................ 9,464 12,085
Customer and other payables ........................................................................... 186,626 181,069
Other liabilities and accrued expenses ($4 and $72 at December 31, 2015 and December 31, 2014, respectively, related to
consolidated variable interest entities, generally non-recourse to the Company) .................................. 18,711 19,441
Long-term borrowings (includes $33,045 and $31,774 at fair value at December 31, 2015 and December 31, 2014,
respectively) ...................................................................................... 153,768 152,772
Total liabilities ...................................................................................... 711,281 729,406
Commitments and contingent liabilities (see Note 12)
Equity
Morgan Stanley shareholders’ equity:
Preferred stock (see Note 15) ........................................................................ 7,520 6,020
Common stock, $0.01 par value:
Shares authorized: 3,500,000,000 at December 31, 2015 and December 31, 2014;
Shares issued: 2,038,893,979 at December 31, 2015 and December 31, 2014;
Shares outstanding: 1,920,024,027 and 1,950,980,142 at December 31, 2015 and December 31, 2014, respectively . . . 20 20
Additional paid-in capital ........................................................................... 24,153 24,249
Retained earnings ................................................................................. 49,204 44,625
Employee stock trusts .............................................................................. 2,409 2,127
Accumulated other comprehensive loss ................................................................ (1,656) (1,248)
Common stock held in treasury, at cost, $0.01 par value:
Shares outstanding: 118,869,952 and 87,913,837 at December 31, 2015 and December 31, 2014, respectively ....... (4,059) (2,766)
Common stock issued to employee stock trusts .......................................................... (2,409) (2,127)
Total Morgan Stanley shareholders’ equity .......................................................... 75,182 70,900
Nonredeemable noncontrolling interests ................................................................. 1,002 1,204
Total equity ................................................................................... 76,184 72,104
Total liabilities and equity .............................................................................. $ 787,465 $ 801,510
See Notes to Consolidated Financial Statements.
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