# MORGAN STANLEY (MS) FY2026 Q1 Statement of Cash Flows

- Company: MORGAN STANLEY (MS)
- Period: 2026-01-01 to 2026-03-31
- Filing: Q1 FY2026 10-Q, filed 2026-05-05, accession number 0000895421-26-000121
- Page: https://plicit.ai/financials/ms/fy2026-q1-cash-flow
- Chart image: https://plicit.ai/charts/ms-fy2026-q1-cash-flow-sankey.png

## Chart details

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Dec 31, 2025**: 111,695,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: negative 7,098,000,000 US dollars. Net cash used.
- **Net income**: 5,638,000,000 US dollars
- **Stock-based compensation expense**: 571,000,000 US dollars
- **Depreciation and amortization**: 714,000,000 US dollars
- **Provision for credit losses**: 98,000,000 US dollars
- **Other operating adjustments**: 74,000,000 US dollars
- **Trading assets, net of Trading liabilities**: negative 53,593,000,000 US dollars
- **Securities borrowed**: negative 2,662,000,000 US dollars
- **Securities loaned**: 2,279,000,000 US dollars
- **Customer and other receivables and other assets**: negative 24,611,000,000 US dollars
- **Customer and other payables and other liabilities**: 31,739,000,000 US dollars
- **Securities purchased under agreements to resell**: negative 8,637,000,000 US dollars
- **Securities sold under agreements to repurchase**: 41,292,000,000 US dollars
- **Investing activities**: negative 6,600,000,000 US dollars. Net cash used.
- **Purchases**: negative 999,000,000 US dollars
- **Other investing activities**: negative 313,000,000 US dollars
- **Proceeds from paydowns and maturities**: 3,689,000,000 US dollars
- **Changes in loans, net**: negative 8,449,000,000 US dollars
- **Proceeds from paydowns and maturities**: 6,023,000,000 US dollars
- **Other assets—Premises, equipment and software**: negative 754,000,000 US dollars
- **Purchases**: negative 11,653,000,000 US dollars
- **Proceeds from sales**: 5,856,000,000 US dollars
- **Financing activities**: 36,460,000,000 US dollars. Net cash provided.
- **Other secured financings**: negative 506,000,000 US dollars
- **Deposits**: 12,751,000,000 US dollars
- **Proceeds from issuance of Borrowings**: 56,195,000,000 US dollars
- **Borrowings**: negative 27,561,000,000 US dollars
- **Repurchases of common stock and employee tax withholdings**: negative 2,875,000,000 US dollars
- **Cash dividends**: negative 1,708,000,000 US dollars
- **Other financing activities**: 164,000,000 US dollars
- **Operating adjustment reconciliation**: 89,503,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 69,110,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 22,168,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: negative 928,000,000 US dollars
- **Ending cash on Mar 31, 2026**: 133,529,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 148,155,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 21,834,000,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: −1.26×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income or operating cash is negative. The full signed reconciliation is retained: losses remain deductions, and any negative operating-cash total enters the junction from the cash pool. No positive direct-income connection is implied.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.