MORGAN STANLEY
For the period ended Jun 30, 2024. Filed Aug 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 5, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Changes in Total Equity (Unaudited)
| See Notes to Consolidated Financial Statements | 41 | June 2024 Form 10-Q |
|---|
Table of Contents
Consolidated Statement of Changes in Total Equity(Unaudited)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| $ in millions | 2024 | 2023 | 2024 | 2023 |
| Preferred Stock | ||||
| Beginning and ending balance | $8,750 | $8,750 | $8,750 | $8,750 |
| Common Stock | ||||
| Beginning and ending balance | 20 | 20 | 20 | 20 |
| Additional Paid-in Capital | ||||
| Beginning balance | 29,046 | 28,856 | 29,832 | 29,339 |
| Share-based award activity | 413 | 389 | (373) | (94) |
| Ending balance | 29,459 | 29,245 | 29,459 | 29,245 |
| Retained Earnings | ||||
| Beginning balance | 99,811 | 96,392 | 97,996 | 94,862 |
| Cumulative adjustment related to the adoption of an accounting standard update1 | — | — | (60) | — |
| Net income applicable to Morgan Stanley | 3,076 | 2,182 | 6,488 | 5,162 |
| Preferred stock dividends2 | (134) | (133) | (280) | (277) |
| Common stock dividends2 | (1,377) | (1,292) | (2,767) | (2,597) |
| Other net increases (decreases) | (2) | 2 | (3) | 1 |
| Ending balance | 101,374 | 97,151 | 101,374 | 97,151 |
| Employee Stock Trusts | ||||
| Beginning balance | 5,250 | 5,343 | 5,314 | 4,881 |
| Share-based award activity | (140) | (85) | (204) | 377 |
| Ending balance | 5,110 | 5,258 | 5,110 | 5,258 |
| Accumulated Other Comprehensive Income (Loss) | ||||
| Beginning balance | (7,057) | (5,711) | (6,421) | (6,253) |
| Net change in Accumulated other comprehensive income (loss) | 297 | (589) | (339) | (47) |
| Ending balance | (6,760) | (6,300) | (6,760) | (6,300) |
| Common Stock Held in Treasury at Cost | ||||
| Beginning balance | (31,372) | (27,481) | (31,139) | (26,577) |
| Share-based award activity | 70 | 98 | 1,555 | 1,402 |
| Repurchases of common stock and employee tax withholdings | (827) | (1,097) | (2,545) | (3,305) |
| Ending balance | (32,129) | (28,480) | (32,129) | (28,480) |
| Common Stock Issued to Employee Stock Trusts | ||||
| Beginning balance | (5,250) | (5,343) | (5,314) | (4,881) |
| Share-based award activity | 140 | 85 | 204 | (377) |
| Ending balance | (5,110) | (5,258) | (5,110) | (5,258) |
| Noncontrolling Interests | ||||
| Beginning balance | 942 | 1,128 | 944 | 1,090 |
| Net income applicable to noncontrolling interests | 41 | 39 | 91 | 92 |
| Net change in Accumulated other comprehensive income (loss) applicable to noncontrolling interests | (46) | (95) | (102) | (114) |
| Other net increases (decreases) | (45) | (97) | (41) | (93) |
| Ending balance | 892 | 975 | 892 | 975 |
| Total Equity | $101,606 | $101,361 | $101,606 | $101,361 |
The Firm adopted the Investments - Tax Credit Structures accounting standard update on January 1, 2024. Refer to Note 2 for further information.
See Note 16 for information regarding dividends per share for each class of stock.
| June 2024 Form 10-Q | 42 | See Notes to Consolidated Financial Statements |
|---|
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