Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $5.98B | $6.11B | $8.75B | $9.04B | $11.0B | $15.0B | $11.0B | $9.09B | $13.4B | $16.9B |
| EPS (diluted) | $2.92 | $3.07 | $4.73 | $5.19 | $6.46 | $8.03 | $6.15 | $5.18 | $7.95 | $10.21 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.38B | -$4.50B | $7.30B | $40.8B | -$25.2B | $34.0B | -$6.40B | -$33.5B | $1.36B | -$17.9B |
| Dividends paid | $1.75B | $2.08B | $2.38B | $2.63B | $2.74B | $4.17B | $5.40B | $5.76B | $6.14B | $6.59B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $77.4B | $80.4B | $87.2B | $82.2B | $106B | $128B | $128B | $89.2B | $105B | $112B |
| Total assets | $815B | $852B | $854B | $895B | $1.12T | $1.19T | $1.18T | $1.19T | $1.22T | $1.42T |
| Total liabilities | $738B | $773B | $772B | $813B | $1.01T | $1.08T | $1.08T | $1.09T | $1.11T | $1.31T |
| Long-term debt | $165B | $191B | $188B | $190B | $213B | $227B | $234B | $261B | $284B | $342B |
| Shareholders' equity | $76.0B | $77.4B | $80.2B | $81.5B | $102B | $105B | $100B | $99.0B | $105B | $112B |
| Retained earnings | $53.7B | $57.6B | $64.2B | $70.6B | $78.7B | $89.4B | $94.9B | $98.0B | $105B | $115B |
| Shares (wtd avg diluted) | 1.89B | 1.82B | 1.74B | 1.64B | 1.62B | 1.81B | 1.71B | 1.65B | 1.61B | 1.59B |
Every figure is extracted from MORGAN STANLEY’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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