Morgan Stanley (MS) FY2022 results: revenue $53.7 billion, down 10.2% on the year
Morgan Stanley (MS) reported revenue of $53.7 billion for fiscal 2022, the year ended 31 December 2022, down 10.2% on the year before. Net income was $11.0 billion, down 26.6%, and diluted earnings per share $6.15. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$53.7 billion
-10.2% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$11.0 billion
-26.6% on the year
FY2015FY2022
Diluted EPS
$6.15
-23.4% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
-6,397
33,971
-25,231
Capital expenditure
3,078
2,308
1,444
+33.4%
Free cash flow
-9,475
31,663
-26,675
Free cash flow margin
-17.7%
53.0%
-54.7%
Cash from investing
-11,632
-49,897
-37,898
Cash from financing
22,714
41,547
83,784
-45.3%
Depreciation and amortisation
3,998
4,216
3,769
-5.2%
Share-based compensation
1,875
2,085
1,312
-10.1%
Dividends paid
5,401
4,171
2,739
+29.5%
Dividend per share
$2.95
$2.10
$1.40
+40.5%
Diluted shares, weighted
1,713m
1,814m
1,624m
-5.6%
Shares outstanding at period end
1,675m
1,772m
1,810m
-5.5%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
100,141
105,441
101,781
-5.0%
Non-controlling interest
1,090
1,157
1,368
-5.8%
Deposits
356,646
347,574
310,782
+2.6%
Debt
238,058
233,127
217,079
+2.1%
Other liabilities
484,296
500,841
484,852
-3.3%
Total liabilities and equity
1,180,231
1,188,140
1,115,862
-0.7%
Goodwill
16,652
16,833
11,635
-1.1%
Intangible assets
7,618
8,360
4,980
-8.9%
Securities held for sale or to maturity
159,931
205,345
110,383
-22.1%
Loans
198,997
174,302
n/a
+14.2%
Securities borrowed
133,374
129,713
112,391
+2.8%
Cash and equivalents
128,127
127,725
105,654
+0.3%
Other assets
535,532
525,862
770,819
+1.8%
Total assets
1,180,231
1,188,140
1,115,862
-0.7%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.