$MORN
Morningstar, Inc.

2020 Q1 Form 10-Q Financial Statement

#000128941920000077 Filed on May 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $324.0M $258.9M
YoY Change 25.14% 6.32%
Cost Of Revenue $137.0M $105.1M
YoY Change 30.35% 2.64%
Gross Profit $187.0M $153.8M
YoY Change 21.59% 9.0%
Gross Profit Margin 57.72% 59.41%
Selling, General & Admin $108.3M $80.80M
YoY Change 34.03% 14.29%
% of Gross Profit 57.91% 52.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.20M $23.50M
YoY Change 45.53% 2.62%
% of Gross Profit 18.29% 15.28%
Operating Expenses $108.3M $80.80M
YoY Change 34.03% 14.29%
Operating Profit $44.50M $49.50M
YoY Change -10.1% 4.21%
Interest Expense -$3.200M -$700.0K
YoY Change 357.14% 133.33%
% of Operating Profit -7.19% -1.41%
Other Income/Expense, Net -$11.30M -$3.300M
YoY Change 242.42% -135.48%
Pretax Income $33.20M $46.20M
YoY Change -28.14% -18.66%
Income Tax $8.500M $11.50M
% Of Pretax Income 25.6% 24.89%
Net Earnings $23.90M $33.20M
YoY Change -28.01% -20.76%
Net Earnings / Revenue 7.38% 12.82%
Basic Earnings Per Share $0.56 $0.78
Diluted Earnings Per Share $0.55 $0.77
COMMON SHARES
Basic Shares Outstanding 42.90M shares 42.60M shares
Diluted Shares Outstanding 43.30M shares 43.00M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $348.8M $378.6M
YoY Change -7.87% 6.53%
Cash & Equivalents $322.5M $349.1M
Short-Term Investments $26.30M $29.50M
Other Short-Term Assets $24.40M $18.00M
YoY Change 35.56% -7.22%
Inventory
Prepaid Expenses
Receivables $184.7M $173.8M
Other Receivables $5.700M $0.00
Total Short-Term Assets $580.7M $586.5M
YoY Change -0.99% 6.69%
LONG-TERM ASSETS
Property, Plant & Equipment $149.5M $142.7M
YoY Change 4.77% -3.19%
Goodwill $1.013B $557.3M
YoY Change 81.81% -1.78%
Intangibles
YoY Change
Long-Term Investments $58.80M $61.90M
YoY Change -5.01% 1.14%
Other Assets $13.20M $5.800M
YoY Change 127.59% -48.21%
Total Long-Term Assets $1.711B $965.1M
YoY Change 77.32% 8.83%
TOTAL ASSETS
Total Short-Term Assets $580.7M $586.5M
Total Long-Term Assets $1.711B $965.1M
Total Assets $2.292B $1.552B
YoY Change 47.72% 8.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.50M $46.50M
YoY Change 21.51% -5.3%
Accrued Expenses $106.1M $84.80M
YoY Change 25.12% 60.61%
Deferred Revenue $312.4M $46.50M
YoY Change 571.83% -77.41%
Short-Term Debt $11.00M $0.00
YoY Change
Long-Term Debt Due $11.00M
YoY Change
Total Short-Term Liabilities $456.4M $372.8M
YoY Change 22.42% 13.9%
LONG-TERM LIABILITIES
Long-Term Debt $519.4M $30.00M
YoY Change 1631.33% -80.0%
Other Long-Term Liabilities $11.40M $14.60M
YoY Change -21.92% -29.13%
Total Long-Term Liabilities $530.8M $14.60M
YoY Change 3535.62% -29.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $456.4M $372.8M
Total Long-Term Liabilities $530.8M $14.60M
Total Liabilities $1.259B $583.4M
YoY Change 115.86% 0.9%
SHAREHOLDERS EQUITY
Retained Earnings $1.229B $1.136B
YoY Change 8.18% 6582.94%
Common Stock $657.2M $633.7M
YoY Change 3.71% 4.24%
Preferred Stock
YoY Change
Treasury Stock (at cost) $748.7M $731.4M
YoY Change 2.37% 1.99%
Treasury Stock Shares 11.02M shares 10.86M shares
Shareholders Equity $1.033B $968.2M
YoY Change
Total Liabilities & Shareholders Equity $2.292B $1.552B
YoY Change 47.72% 8.01%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $23.90M $33.20M
YoY Change -28.01% -20.76%
Depreciation, Depletion And Amortization $34.20M $23.50M
YoY Change 45.53% 2.62%
Cash From Operating Activities $48.70M $59.00M
YoY Change -17.46% -1.5%
INVESTING ACTIVITIES
Capital Expenditures $15.10M $18.70M
YoY Change -19.25% 6.25%
Acquisitions $4.500M $0.00
YoY Change
Other Investing Activities $100.0K -$300.0K
YoY Change -133.33%
Cash From Investing Activities -$19.50M -$19.50M
YoY Change 0.0% 167.12%
FINANCING ACTIVITIES
Cash Dividend Paid $12.90M $11.90M
YoY Change 8.4% 12.26%
Common Stock Issuance & Retirement, Net $20.00M $4.900M
YoY Change 308.16% -44.94%
Debt Paid & Issued, Net $37.80M $40.00M
YoY Change -5.5% 33.33%
Cash From Financing Activities -$26.90M -$60.70M
YoY Change -55.68% 12.2%
NET CHANGE
Cash From Operating Activities $48.70M $59.00M
Cash From Investing Activities -$19.50M -$19.50M
Cash From Financing Activities -$26.90M -$60.70M
Net Change In Cash -$11.60M -$20.20M
YoY Change -42.57% 1246.67%
FREE CASH FLOW
Cash From Operating Activities $48.70M $59.00M
Capital Expenditures $15.10M $18.70M
Free Cash Flow $33.60M $40.30M
YoY Change -16.63% -4.73%

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CY2020Q1 morn Stock Issued During Period Value Stock Options Exercised And Vesting Of Restricted Stock
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CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5500000 USD
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7300000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Profit Loss
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1900000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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500000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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3400000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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4800000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
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10000000.0 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4600000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
11900000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
968200000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
23900000 USD
CY2019Q1 us-gaap Profit Loss
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33200000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34200000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23500000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Income Taxes
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CY2019Q1 us-gaap Increase Decrease In Deferred Income Taxes
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400000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7300000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
10000000.0 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
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1500000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
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500000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2020Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2019Q1 us-gaap Other Noncash Income Expense
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CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
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2300000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
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2000000.0 USD
CY2020Q1 morn Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities
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CY2019Q1 morn Increase Decrease In Accounts Payable And Accrued Liabilities Excluding Employee Related Liabilities
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CY2020Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2019Q1 us-gaap Increase Decrease In Employee Related Liabilities
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CY2020Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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700000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
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8500000 USD
CY2020Q1 us-gaap Increase Decrease In Deferred Revenue
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36100000 USD
CY2019Q1 us-gaap Increase Decrease In Deferred Revenue
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37900000 USD
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2000000.0 USD
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5600000 USD
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48700000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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59000000.0 USD
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PaymentsToAcquireMarketableSecurities
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CY2019Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
8900000 USD
CY2020Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
14000000.0 USD
CY2019Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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8900000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
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15100000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18700000 USD
CY2020Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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4500000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2020Q1 us-gaap Payments To Acquire Other Investments
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500000 USD
CY2019Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1100000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
100000 USD
CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20000000.0 USD
CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4900000 USD
CY2020Q1 us-gaap Payments Of Dividends
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12900000 USD
CY2019Q1 us-gaap Payments Of Dividends
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11900000 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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55000000.0 USD
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0 USD
CY2020Q1 us-gaap Repayments Of Long Term Debt
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37800000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
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40000000.0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
100000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
0 USD
CY2020Q1 morn Taxes Withheld For Restricted Stock Units
TaxesWithheldForRestrictedStockUnits
10700000 USD
CY2019Q1 morn Taxes Withheld For Restricted Stock Units
TaxesWithheldForRestrictedStockUnits
4600000 USD
CY2020Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
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700000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-13900000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1000000.0 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11600000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
334100000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
369300000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
322500000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
349100000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6800000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3400000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
3700000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
1100000 USD
CY2020Q1 morn Unrealized Gain Loss On Available For Sale Investments
UnrealizedGainLossOnAvailableForSaleInvestments
-5100000 USD
CY2019Q1 morn Unrealized Gain Loss On Available For Sale Investments
UnrealizedGainLossOnAvailableForSaleInvestments
2000000.0 USD
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
530400000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
513100000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
11000000.0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11000000.0 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
519400000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
502100000 USD
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
530400000 USD
CY2020Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
210000000.0 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1039100000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-25900000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
1013200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
592000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
285800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
306200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P9Y
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
610900000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
277500000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
333400000 USD
CY2019 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000.0 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4900000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
39000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
49600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
41600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
37800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
32200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
106000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
306200000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
23900000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
33200000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42600000 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
23900000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33200000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42600000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43300000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43000000.0 shares
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
324000000.0 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
258900000 USD
CY2020Q1 morn Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
30100000 USD
CY2020Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
116800000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
411400000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
162000000.0 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
64800000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16500000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
9700000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
54700000 USD
CY2020Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
719100000 USD
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
312400000 USD
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
184700000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
188500000 USD
CY2020Q1 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30700000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30400000 USD
CY2020Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
215400000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
218900000 USD
CY2020Q1 us-gaap Revenues
Revenues
324000000.0 USD
CY2019Q1 us-gaap Revenues
Revenues
258900000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
149500000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
154700000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
147000000.0 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144800000 USD
CY2020Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
26300000 USD
CY2019Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
33400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144800000 USD
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35900000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35800000 USD
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
136000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138700000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
171900000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
174500000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
9700000 USD
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
7900000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
3400000 USD
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2600000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
10500000 USD
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6200000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
31400000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
39200000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
26100000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
23600000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
18300000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
60800000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
199400000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27500000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
171900000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y8M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7300000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10000000.0 USD
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33200000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46200000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-800000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1500000 USD
CY2020Q1 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
32400000 USD
CY2019Q1 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
44700000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8500000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11500000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.262
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.257
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.262
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.005
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12900000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12600000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12900000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12600000 USD
CY2020Q1 morn Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
12700000 USD
CY2019Q4 morn Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
12400000 USD
CY2020Q1 morn Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
11000000.0 USD
CY2019Q4 morn Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
10800000 USD
CY2020Q1 morn Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
14200000 USD
CY2019Q4 morn Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
13800000 USD
CY2020Q1 morn Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
3200000 USD
CY2019Q4 morn Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
3000000.0 USD
CY2019Q4 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
3500000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2020Q1 morn Shares Repurchased Program Life To Date Shares
SharesRepurchasedProgramLifeToDateShares
421105 shares
CY2020Q1 morn Shares Repurchased Program Life To Date Value
SharesRepurchasedProgramLifeToDateValue
45600000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
454400000 USD

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0001289419-20-000077-index-headers.html Edgar Link pending
0001289419-20-000077-index.html Edgar Link pending
0001289419-20-000077.txt Edgar Link pending
0001289419-20-000077-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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morn-20200331.xsd Edgar Link pending
morn-20200331_cal.xml Edgar Link unprocessable
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