Skip to main content
logo
Morgan Stanley (MS)
NYSE: MS · Real-Time Price · USD
213.32
-1.45 (-0.68%)
At close: Aug 31, 2026, 4:00 PM EDT
213.46
+0.14 (0.07%)
After-hours: Aug 31, 2026, 7:45 PM EDT

Morgan Stanley Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
20,15516,86113,3909,08711,02915,034
Depreciation & Amortization, Total
4,4024,6585,1614,2563,9984,216
Stock-Based Compensation
2,0511,9261,6221,7091,8752,085
Change in Accounts Receivable
-53,587-26,637-5,30860214,664774
Change in Accounts Payable
71,31650,708-25,550-3,629-4,8977,758
Change in Other Net Operating Assets
-29,952829-23,00814,9456,157-4,918
Other Operating Activities
1,2881,133295-12-81-57
Operating Cash Flow
-15,587-17,8891,362-33,536-6,39733,971

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-2,995-2,898-3,462-3,412-3,078-2,308
Cash Acquisitions
------2,648
Investment in Securities
11,026-1,406-1,8955,31015,445-8,003
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
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-140,294112,72379,22072,46090,273
Long-Term Debt Repaid
--99,393-80,230-64,805-35,782-70,749
Net Debt Issued (Repaid)
63,78040,90132,49314,41536,67819,524
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
56,78739,28523,605-5,2001,31436,994
Financing Cash Flow
106,56667,75846,756-2,72622,71441,547

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-2,0973,219-2,504451-4,283-3,550
Net Cash Flow
51,0056,30916,154-38,89540222,071

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
-18,582-20,787-2,100-36,948-9,47531,663
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
-11.76-13.06-1.30-22.45-5.5317.45

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
49,13847,09646,35941,9409,8191,303
Cash Income Tax Paid
3,3303,5041,8852,0354,1474,231
SEC Filings: 10-K · 10-Q