For the year ending 2025-12-31, MS-PA had $6,309M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | 17,025 | 13,529 |
| Deferred income taxes | 561 | 152 |
| Stock-based compensation expense | 1,926 | 1,622 |
| Depreciation and amortization | 4,658 | 5,161 |
| Provision for credit losses | 349 | 264 |
| Other operating adjustments | -408 | -4 |
| Trading assets, net of trading liabilities | 67,716 | -34,496 |
| Securities borrowed | 28,049 | 2,768 |
| Securities loaned | 2,084 | 169 |
| Customer and other receivables and other assets | 26,637 | 5,308 |
| Customer and other payables and other liabilities | 50,708 | -25,550 |
| Securities purchased under agreements to resell | 1,678 | 7,825 |
| Securities sold under agreements to repurchase | 28,472 | -12,584 |
| Net cash provided by (used for) operating activities | -17,889 | 1,362 |
| Other assetspremises, equipment and software | 2,898 | 3,462 |
| Changes in loans, net | 41,383 | 22,618 |
| Purchases | 36,578 | 35,327 |
| Proceeds from sales | 5,031 | 5,728 |
| Proceeds from paydowns and maturities | 21,773 | 21,089 |
| Purchases | 0 | 3,860 |
| Proceeds from paydowns and maturities | 8,368 | 10,475 |
| Other investing activities | 1,092 | 1,485 |
| Net cash provided by (used for) investing activities | -46,779 | -29,460 |
| Other secured financings | 1,125 | 4,358 |
| Deposits | 39,143 | 23,955 |
| Issuance of preferred stock, net of issuance costs | 0 | 995 |
| Proceeds from issuance of borrowings | 139,169 | 108,365 |
| Borrowings | 99,393 | 80,230 |
| Repurchases of common stock and employee tax withholdings | 5,835 | 4,199 |
| Cash dividends | 6,593 | 6,138 |
| Other financing activities | 142 | -350 |
| Net cash provided by (used for) financing activities | 67,758 | 46,756 |
| Effect of exchange rate changes on cash and cash equivalents | 3,219 | -2,504 |
| Net increase (decrease) in cash and cash equivalents | 6,309 | 16,154 |
| Cash and cash equivalents, at beginning of period | 105,386 | 89,232 |
| Cash and cash equivalents, at end of period | 111,695 | 105,386 |
MORGAN STANLEY (MS-PA)
MORGAN STANLEY (MS-PA)