Morningstar, Inc. (MORN)
NASDAQ: MORN · Real-Time Price · USD
191.02
+0.87 (0.46%)
At close: Mar 9, 2026, 4:00 PM EDT
191.06
+0.04 (0.02%)
After-hours: Mar 9, 2026, 7:51 PM EDT
Morningstar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Net Income | 374.2 | 369.9 | 141.1 | 70.5 | 193.3 | Upgrade
|
| Depreciation & Amortization | 87.2 | 95.5 | 103.7 | 102.3 | 90.8 | Upgrade
|
| Other Amortization | 102.7 | 94.9 | 81.2 | 64.3 | 59.9 | Upgrade
|
| Loss (Gain) From Sale of Assets | -22.7 | -109.3 | - | - | - | Upgrade
|
| Loss (Gain) on Equity Investments | 3.3 | 17.4 | -42.2 | 3.6 | -5.4 | Upgrade
|
| Stock-Based Compensation | 56.4 | 54.7 | 52.8 | 83.2 | 41.9 | Upgrade
|
| Provision & Write-off of Bad Debts | 5.1 | 8.1 | 5.3 | 3.8 | 1.9 | Upgrade
|
| Other Operating Activities | -45.4 | -32.4 | -53.6 | -17.9 | 3.9 | Upgrade
|
| Change in Accounts Receivable | -26 | -30.3 | -38.2 | -38.6 | -67.9 | Upgrade
|
| Change in Accounts Payable | 1.1 | 9.6 | -1.5 | -2 | 7.1 | Upgrade
|
| Change in Unearned Revenue | 25.7 | 30.1 | 50.9 | 60 | 78.2 | Upgrade
|
| Change in Income Taxes | -8 | 23.1 | -7.8 | 18.9 | -6.1 | Upgrade
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| Change in Other Net Operating Assets | 36.1 | 60.3 | 24.7 | -50.3 | 52.3 | Upgrade
|
| Operating Cash Flow | 589.7 | 591.6 | 316.4 | 297.8 | 449.9 | Upgrade
|
| Operating Cash Flow Growth | -0.32% | 86.98% | 6.25% | -33.81% | 17.07% | Upgrade
|
| Capital Expenditures | -147.1 | -142.7 | -119.1 | -129.5 | -101.8 | Upgrade
|
| Cash Acquisitions | -39 | - | -0.8 | -646.7 | -24.8 | Upgrade
|
| Divestitures | - | 52.4 | - | - | - | Upgrade
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| Sale (Purchase) of Intangibles | 22.7 | 65 | - | - | - | Upgrade
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| Investment in Securities | 19.2 | 3.8 | 37.9 | -22.9 | -41 | Upgrade
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| Other Investing Activities | 4.9 | 0.2 | 0.1 | -0.2 | -0.1 | Upgrade
|
| Investing Cash Flow | -139.3 | -21.3 | -81.9 | -799.3 | -167.7 | Upgrade
|
| Long-Term Debt Issued | 1,175 | 90 | 260 | 1,125 | 10 | Upgrade
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| Total Debt Issued | 1,175 | 90 | 260 | 1,125 | 10 | Upgrade
|
| Long-Term Debt Repaid | -800 | -364.4 | -397.5 | -374.1 | -100 | Upgrade
|
| Total Debt Repaid | -800 | -364.4 | -397.5 | -374.1 | -100 | Upgrade
|
| Net Debt Issued (Repaid) | 375 | -274.4 | -137.5 | 750.9 | -90 | Upgrade
|
| Repurchase of Common Stock | -809.8 | -40.7 | -31.6 | -255.9 | -30.3 | Upgrade
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| Common Dividends Paid | -76.9 | -69.3 | -63.9 | -61.5 | -54.2 | Upgrade
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| Other Financing Activities | -3 | - | -45.4 | -18.4 | -37.3 | Upgrade
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| Financing Cash Flow | -514.7 | -384.4 | -278.4 | 415.1 | -211.8 | Upgrade
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| Foreign Exchange Rate Adjustments | 36.1 | -21.1 | 5.2 | -20.8 | -9.1 | Upgrade
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| Net Cash Flow | -28.2 | 164.8 | -38.7 | -107.2 | 61.3 | Upgrade
|
| Free Cash Flow | 442.6 | 448.9 | 197.3 | 168.3 | 348.1 | Upgrade
|
| Free Cash Flow Growth | -1.40% | 127.52% | 17.23% | -51.65% | 13.17% | Upgrade
|
| Free Cash Flow Margin | 18.10% | 19.73% | 9.68% | 9.00% | 20.48% | Upgrade
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| Free Cash Flow Per Share | 10.49 | 10.41 | 4.60 | 3.92 | 8.02 | Upgrade
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| Cash Interest Paid | 37.3 | 47.4 | 58.4 | 28.4 | 10.4 | Upgrade
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| Cash Income Tax Paid | 171.8 | 115.6 | 73.2 | 75.3 | 80.9 | Upgrade
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| Levered Free Cash Flow | 446.38 | 482.71 | 199.11 | 234.91 | 330.79 | Upgrade
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| Unlevered Free Cash Flow | 471.38 | 513.9 | 231.43 | 252.66 | 336.23 | Upgrade
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| Change in Working Capital | 28.9 | 92.8 | 28.1 | -12 | 63.6 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.