Morgan Stanley (TSX:MS)
Canada · Delayed Price · Currency is CAD 39.47
-0.08 (-0.20%)
Sep 25, 2026, 3:59 PM EST
Morgan Stanley Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 20,155 | 16,861 | 13,390 | 9,087 | 11,029 | 15,034 |
Depreciation & Amortization, Total | 4,402 | 4,658 | 5,161 | 4,256 | 3,998 | 4,216 |
Stock-Based Compensation | 2,051 | 1,926 | 1,622 | 1,709 | 1,875 | 2,085 |
Change in Accounts Receivable | -53,587 | -26,637 | -5,308 | 602 | 14,664 | 774 |
Change in Accounts Payable | 71,316 | 50,708 | -25,550 | -3,629 | -4,897 | 7,758 |
Change in Other Net Operating Assets | -29,952 | 829 | -23,008 | 14,945 | 6,157 | -4,918 |
Other Operating Activities | 1,288 | 1,133 | 295 | -12 | -81 | -57 |
Operating Cash Flow | -15,587 | -17,889 | 1,362 | -33,536 | -6,397 | 33,971 |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -2,995 | -2,898 | -3,462 | -3,412 | -3,078 | -2,308 |
Cash Acquisitions | - | - | - | - | - | -2,648 |
Investment in Securities | 11,026 | -1,406 | -1,895 | 5,310 | 15,445 | -8,003 |
Other Investing Activities | -1,573 | -1,092 | -1,485 | -923 | -347 | -832 |
Investing Cash Flow | -37,877 | -46,779 | -29,460 | -3,084 | -11,632 | -49,897 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 140,294 | 112,723 | 79,220 | 72,460 | 90,273 |
Long-Term Debt Repaid | - | -99,393 | -80,230 | -64,805 | -35,782 | -70,749 |
Net Debt Issued (Repaid) | 63,780 | 40,901 | 32,493 | 14,415 | 36,678 | 19,524 |
Repurchase of Common Stock | -7,223 | -5,835 | -4,199 | -6,178 | -10,871 | -12,075 |
Dividends Paid | -6,778 | -6,593 | -6,138 | -5,763 | -5,401 | -4,171 |
Other Financing Activities | 56,787 | 39,285 | 23,605 | -5,200 | 1,314 | 36,994 |
Financing Cash Flow | 106,566 | 67,758 | 46,756 | -2,726 | 22,714 | 41,547 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -2,097 | 3,219 | -2,504 | 451 | -4,283 | -3,550 |
Net Cash Flow | 51,005 | 6,309 | 16,154 | -38,895 | 402 | 22,071 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -18,582 | -20,787 | -2,100 | -36,948 | -9,475 | 31,663 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -23.88% | -29.57% | -3.42% | -68.92% | -17.75% | 52.99% |
Free Cash Flow Per Share | -11.76 | -13.06 | -1.30 | -22.45 | -5.53 | 17.45 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 49,138 | 47,096 | 46,359 | 41,940 | 9,819 | 1,303 |
Cash Income Tax Paid | 3,330 | 3,504 | 1,885 | 2,035 | 4,147 | 4,231 |