MORGAN STANLEY — Cash Flow Charts
2 years 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
$-17.89B
Free Cash Flow
$-17.89B
Investing Cash Flow
$-46.78B
Financing Cash Flow
$67.76B
Acquisitions
—
Stock Buybacks
—
Dividends Paid
$6.59B
Stock-Based Comp
$1.93B
Debt Issued
$139.17B
Debt Repaid
$99.39B
D&A
$4.66B
SBC Allocated Expense
$1.93B
SBC Unrecognized Cost
$876M