MORGAN STANLEY
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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.
Sep 30, 2026 · Filed Nov 5, 2026
MS$187.56+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Cash Flow Statement (Unaudited)
Table of Contents
Consolidated Cash Flow Statement(Unaudited)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| $ in millions | 2026 | 2025 |
| Cash flows from operating activities | ||
| Net income | $16,260 | $12,601 |
| Adjustments to reconcile net income to net cash provided by (used for) operating activities: | ||
| Stock-based compensation expense | 1,675 | 1,457 |
| Depreciation and amortization | 3,033 | 3,520 |
| Provision for credit losses | 344 | 331 |
| Other operating adjustments | 313 | 268 |
| Changes in assets and liabilities: | ||
| Trading assets, net of Trading liabilities | (40,690) | (69,812) |
| Securities borrowed | (14,897) | (5,254) |
| Securities loaned | 3,929 | 718 |
| Customer and other receivables and other assets | (38,618) | (27,142) |
| Customer and other payables and other liabilities | 49,997 | 49,566 |
| Securities purchased under agreements to resell | (50,545) | 6,831 |
| Securities sold under agreements to repurchase | 13,330 | 11,437 |
| Net cash provided by (used for) operating activities | (55,869) | (15,479) |
| Cash flows from investing activities | ||
| Proceeds from (payments for): | ||
| Other assets—Premises, equipment and software | (2,518) | (2,189) |
| Changes in loans, net | (29,227) | (28,560) |
| AFS securities: | ||
| Purchases | (23,869) | (28,767) |
| Proceeds from sales | 7,528 | 4,650 |
| Proceeds from paydowns and maturities | 20,770 | 16,123 |
| HTM securities: | ||
| Purchases | (1,588) | — |
| Proceeds from paydowns and maturities | 8,046 | 6,107 |
| Other investing activities | (1,261) | (746) |
| Net cash provided by (used for) investing activities | (22,119) | (33,382) |
| Cash flows from financing activities | ||
| Net proceeds from (payments for): | ||
| Other secured financings | 2,195 | 849 |
| Deposits | 63,772 | 29,111 |
| Proceeds from issuance of Borrowings | 138,953 | 94,184 |
| Payments for: | ||
| Borrowings | (87,217) | (71,194) |
| Repurchases of common stock and employee tax withholdings | (6,111) | (4,305) |
| Cash dividends | (5,296) | (4,905) |
| Other financing activities | (212) | 48 |
| Net cash provided by (used for) financing activities | 106,084 | 43,788 |
| Effect of exchange rate changes on cash and cash equivalents | (1,122) | 3,421 |
| Net increase (decrease) in cash and cash equivalents | 26,974 | (1,652) |
| Cash and cash equivalents, at beginning of period | 111,695 | 105,386 |
| Cash and cash equivalents, at end of period | $138,669 | $103,734 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash payments for: | ||
| Interest | $40,070 | $34,682 |
| Income taxes, net of refunds | 3,272 | 2,684 |
| See Notes to Consolidated Financial Statements | 43 | September 2026 Form 10-Q |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.