3
Shared Docs
3
Same-Page
3 / 3
Mentions
on 975 of the Dodd Frank Wall Street Reform and Consumer Protection Act. Morgan Staley produces an equity research product called a "Tactical Idea.' Views contained in a 'Tactical Idea' on a particular stock may be contrary to the recommendations a tiers expressed in research on the sane stock. This ma
arry flow through rate is calculated as the net realized carry tor the period as a % of the BOP net performance fee gainfirecewable balance. Source. Company Data. Morgan Stanley Research Exhibit 4: Net Performance Fee Receivable Balance Per Share Roll Forward Net Performance Fee (Carry) Receivable Balance Ro
n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock This ma
14 14 Total Rev nu 7,011 7,949 8,385 9,703 11,203 4,999 6,535 5,867 7.716 25,178 28,174 29.670 27,166 25.703 23.366 23,109 Smote: Company Data. 1.5angan Stanley Research EFTA00598627 Morgan Stanley MORGAN STANLEY RESEARCH July 23. 2014 Gilead Sciences Inc. Exhite 6 Gilead Balance She
n 975 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Morgan Stanley produces an equity research product called a 'Tactical Idea.' Views contained in a 'Tactical Idea" on a particular stock may be contrary to the recommendations or views expressed in research on the same stock. This m
57 44 78 52 22 15 Ii 103 105 110 116 122 128 134 otal Revenues 2.130 2.421 2.468 2.606 4 10.66$ 11.866 12.870 14.495 Soiree. Company Data. Morgan Stanley Research EFTA00598611 Morgan Stanley MORGAN STANLEY RESEARCH July 23. 2014 Biogen Idec Inc. Exhibit Biogen Idec Balance Sheet
Entities connected to both Views and Company Data

Bloomberg L.P.
ORGANIZATION
United States
LOCATION
Hong Kong
LOCATION
Frankfurt
LOCATIONMorgan Stanley & Co. LLC
ORGANIZATIONSingapore) Pte
ORGANIZATIONPT Morgan Stanley Asia
ORGANIZATIONResearch Management
ORGANIZATION
Reuters
ORGANIZATION
Morgan Stanley
ORGANIZATION
Tokyo
LOCATIONIndustry Views
ORGANIZATIONMorgan Stanley Smith Barney LLC Customers
ORGANIZATIONBank Morgan Stanley AG
ORGANIZATIONGlobal Research Conflict Management Policy
ORGANIZATIONGlobal Stock Ratings Distribution
ORGANIZATIONthe Monetary Authority of Singapore
ORGANIZATIONBank Street
ORGANIZATIONthe Financial Services Board
ORGANIZATIONthe Disclosure Section
ORGANIZATION