MORGAN STANLEY — Cash Flow Charts
8 quarters of history · ending 2025-12-31 · SEC EDGAR
Source:10-K · 10-Q
Capital Allocation
How management deploys cash: investing in the business (Capex + M&A) vs returning to shareholders (Buybacks + Dividends).
Capital Allocation Waterfall
Buybacks vs Stock-Based Comp
Net Debt Issuance
Cash Flow
Cash Flow by Activity
Operating Cash Flow↑+368.5% +$9.30B
$11.83B
Free Cash Flow↑+368.5% +$9.30B
$11.83B
Investing Cash Flow↓-577.6% -$6.09B
$-5.03B
Financing Cash Flow↑+57.1% +$8.71B
$23.97B
Acquisitions
—
Stock Buybacks
—
Dividends Paid↑+6.5% +$103M
$1.69B
Stock-Based Comp↑+19.9% +$78M
$469M
Debt Issued↑+60.7% +$16.99B
$44.98B
Debt Repaid↑+10.0% +$2.56B
$28.20B
D&A↓-30.8% -$507M
$1.14B
SBC Allocated Expense↑+19.9% +$78M
$469M