Morgan Stanley 2015 Annual Report Download - page 251

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
22. Parent Company.
Parent Company Only
Condensed Statements of Income and Comprehensive Income
(dollars in millions)
2015 2014 2013
Revenues:
Dividends from non-bank subsidiaries ........................................... $4,942 $ 2,641 $ 1,113
Trading ................................................................... 574 601 (635)
Investments ................................................................ — (1) —
Other ..................................................................... 53 10 27
Total non-interest revenues .................................................. 5,569 3,251 505
Interest income ............................................................. 3,055 2,594 2,783
Interest expense ............................................................. 4,073 3,970 4,053
Net interest .............................................................. (1,018) (1,376) (1,270)
Net revenues ......................................................... 4,551 1,875 (765)
Non-interest expenses:
Non-interest expenses ........................................................ (195) 214 185
Income (loss) before income taxes ................................................ 4,746 1,661 (950)
Provision for (benefit from) income taxes .......................................... (83) (423) (354)
Net income (loss) before undistributed gain of subsidiaries ............................. 4,829 2,084 (596)
Undistributed gain of subsidiaries ................................................. 1,298 1,383 3,528
Net income ................................................................... 6,127 3,467 2,932
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments ......................................... (300) (397) (143)
Change in net unrealized gains (losses) on AFS securities ............................ (246) 209 (433)
Pensions, postretirement and other .............................................. 138 33 (1)
Comprehensive income ......................................................... $5,719 $ 3,312 $ 2,355
Net income ................................................................... $6,127 $ 3,467 $ 2,932
Preferred stock dividends and other ............................................... 456 315 277
Earnings applicable to Morgan Stanley common shareholders .......................... $5,671 $ 3,152 $ 2,655
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