$MORN
Morningstar, Inc.

2020 Q4 Form 10-Q Financial Statement

#000128941920000218 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q4
Revenue $380.4M $357.2M $332.4M
YoY Change 14.44% 13.83% 26.53%
Cost Of Revenue $149.6M $138.7M $142.1M
YoY Change 5.28% 8.02% 30.49%
Gross Profit $230.8M $218.5M $190.3M
YoY Change 21.28% 17.85% 23.73%
Gross Profit Margin 60.67% 61.17% 57.25%
Selling, General & Admin $129.9M $138.4M $116.9M
YoY Change 11.12% 36.76% 47.97%
% of Gross Profit 56.28% 63.34% 61.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.80M $35.80M $33.70M
YoY Change 6.23% 3.47% 32.16%
% of Gross Profit 15.51% 16.38% 17.71%
Operating Expenses $165.7M $138.4M $150.6M
YoY Change 10.03% 36.76% 44.11%
Operating Profit $65.10M $44.30M $39.70M
YoY Change 63.98% -10.69% -19.47%
Interest Expense $27.90M -$1.400M -$3.400M
YoY Change -920.59% -70.83% 580.0%
% of Operating Profit 42.86% -3.16% -8.56%
Other Income/Expense, Net $28.30M $48.20M -$4.000M
YoY Change -807.5% 246.76% 344.44%
Pretax Income $93.40M $92.50M $35.70M
YoY Change 161.62% 45.67% -26.24%
Income Tax $19.10M $16.90M $9.100M
% Of Pretax Income 20.45% 18.27% 25.49%
Net Earnings $76.20M $76.20M $27.60M
YoY Change 176.09% 55.19% -34.91%
Net Earnings / Revenue 20.03% 21.33% 8.3%
Basic Earnings Per Share $1.78
Diluted Earnings Per Share $1.743M $1.76 $634.5K
COMMON SHARES
Basic Shares Outstanding 42.90M shares 42.90M shares 42.80M shares
Diluted Shares Outstanding 43.20M shares 43.20M shares 43.30M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $464.2M $377.8M $367.5M
YoY Change 26.31% 7.09% -7.17%
Cash & Equivalents $422.5M $351.1M $334.1M
Short-Term Investments $41.70M $26.70M $33.40M
Other Short-Term Assets $5.700M $32.10M $24.00M
YoY Change -76.25% 35.44% 42.01%
Inventory
Prepaid Expenses $31.70M
Receivables $205.1M $186.9M $188.5M
Other Receivables $2.200M $7.200M $6.300M
Total Short-Term Assets $730.0M $622.6M $603.2M
YoY Change 21.02% 11.04% 0.27%
LONG-TERM ASSETS
Property, Plant & Equipment $155.1M $150.9M $154.7M
YoY Change 0.26% -0.4% 7.8%
Goodwill $1.205B $1.178B $1.039B
YoY Change 15.97% 15.98% 86.65%
Intangibles
YoY Change
Long-Term Investments $32.60M $36.90M $59.60M
YoY Change -45.3% -38.4% -5.55%
Other Assets $14.40M $13.30M $11.90M
YoY Change 21.01% 47.78% 153.19%
Total Long-Term Assets $1.966B $1.940B $1.768B
YoY Change 11.22% 12.7% 107.43%
TOTAL ASSETS
Total Short-Term Assets $730.0M $622.6M $603.2M
Total Long-Term Assets $1.966B $1.940B $1.768B
Total Assets $2.696B $2.563B $2.371B
YoY Change 13.71% 12.29% 63.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.50M $53.70M $58.90M
YoY Change 9.51% 45.53% 8.27%
Accrued Expenses $209.1M $166.8M $173.3M
YoY Change 20.66% 18.3% 58.26%
Deferred Revenue $326.4M
YoY Change 784.55%
Short-Term Debt $0.00 $11.00M $11.00M
YoY Change -100.0%
Long-Term Debt Due $0.00 $11.00M $11.00M
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $626.5M $559.7M $495.8M
YoY Change 26.36% 29.65% 36.66%
LONG-TERM LIABILITIES
Long-Term Debt $449.1M $473.9M $502.1M
YoY Change -10.56% -11.39% 617.29%
Other Long-Term Liabilities $33.80M $35.00M $11.40M
YoY Change 196.49% 186.89% -70.08%
Total Long-Term Liabilities $482.9M $508.9M $513.5M
YoY Change -5.96% -6.97% 375.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $626.5M $559.7M $495.8M
Total Long-Term Liabilities $482.9M $508.9M $513.5M
Total Liabilities $1.425B $1.386B $1.287B
YoY Change 10.67% 11.71% 147.99%
SHAREHOLDERS EQUITY
Retained Earnings $1.389B $1.341B $1.218B
YoY Change 14.08% 10.3% 9.25%
Common Stock $671.3M $667.8M $655.0M
YoY Change 2.49% 3.23% 5.36%
Preferred Stock
YoY Change
Treasury Stock (at cost) $767.3M $765.9M $728.7M
YoY Change 5.3% 5.0% 0.26%
Treasury Stock Shares 11.14M shares 11.12M shares 10.84M shares
Shareholders Equity $1.271B $1.177B $1.084B
YoY Change
Total Liabilities & Shareholders Equity $2.696B $2.563B $2.371B
YoY Change 13.71% 12.29% 63.08%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q4
OPERATING ACTIVITIES
Net Income $76.20M $76.20M $27.60M
YoY Change 176.09% 55.19% -34.91%
Depreciation, Depletion And Amortization $35.80M $35.80M $33.70M
YoY Change 6.23% 3.47% 32.16%
Cash From Operating Activities $114.6M $93.40M $82.50M
YoY Change 38.91% -11.64% -21.65%
INVESTING ACTIVITIES
Capital Expenditures -$22.00M -$22.60M -$22.90M
YoY Change -3.93% 12.44% 9.57%
Acquisitions
YoY Change
Other Investing Activities $22.90M -$44.90M -$7.100M
YoY Change -422.54% -93.18% -171.0%
Cash From Investing Activities $900.0K -$67.50M -$30.00M
YoY Change -103.0% -90.05% 175.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.70
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.60M -34.00M -49.60M
YoY Change 16.13% -106.57% 13.76%
NET CHANGE
Cash From Operating Activities 114.6M 93.40M 82.50M
Cash From Investing Activities 900.0K -67.50M -30.00M
Cash From Financing Activities -57.60M -34.00M -49.60M
Net Change In Cash 57.90M -8.100M 2.900M
YoY Change 1896.55% -85.3% -94.29%
FREE CASH FLOW
Cash From Operating Activities $114.6M $93.40M $82.50M
Capital Expenditures -$22.00M -$22.60M -$22.90M
Free Cash Flow $136.6M $116.0M $105.4M
YoY Change 29.6% -7.79% -16.48%

Facts In Submission

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502100000 USD
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2020-09-30
CY2020Q3 us-gaap Line Of Credit
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484900000 USD
CY2020Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
250000000.0 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
50900000 USD
CY2020Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
75200000 USD
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
50900000 USD
CY2020Q3 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
79500000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2019Q4 us-gaap Goodwill
Goodwill
1039100000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
3900000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
1178100000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
703700000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
320900000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
382800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
610900000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
51400000 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
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
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15600000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23100000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15700000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
59400000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
47700000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
41700000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
166900000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
382800000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
76200000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
49100000 USD
us-gaap Profit Loss
ProfitLoss
148300000 USD
us-gaap Profit Loss
ProfitLoss
124400000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42700000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.91
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
76200000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
49100000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
148300000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
124400000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42700000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
300000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43200000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43200000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43100000 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.89
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
357200000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
313800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1009100000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
846600000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
morn Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
44100000 USD
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
227800000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
193800000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
364300000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
114100000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
34400000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
16300000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
61400000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
784300000 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
326400000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
186900000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
188500000 USD
CY2020Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
33800000 USD
CY2019Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
30400000 USD
CY2020Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
220700000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
218900000 USD
CY2020Q3 us-gaap Revenues
Revenues
357200000 USD
CY2019Q3 us-gaap Revenues
Revenues
313800000 USD
us-gaap Revenues
Revenues
1009100000 USD
us-gaap Revenues
Revenues
846600000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
150900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
154700000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
152400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144800000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
26700000 USD
CY2019Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
33400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
144800000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38600000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35800000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
141300000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
138700000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
179900000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
174500000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
11100000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
9100000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
4000000.0 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
3700000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
11000000.0 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
7000000.0 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
30900000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
24900000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
10900000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
9400000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
30500000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
21400000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11500000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
43600000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
30000000.0 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
27200000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
21500000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
75300000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
209100000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
29200000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
179900000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9900000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
33300000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
92500000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
63500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
189600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
162800000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1100000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-700000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1900000 USD
CY2020Q3 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
93100000 USD
CY2019Q3 morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
62400000 USD
morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
188900000 USD
morn Income Loss From Continuing Operations Before Income Taxes Domestic And Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomesticAndForeign
160900000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16900000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40600000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36500000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.182
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.213
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.182
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.215
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.031
us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.012
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11700000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12600000 USD
CY2020Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11700000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12600000 USD
CY2020Q3 morn Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
11500000 USD
CY2019Q4 morn Decrease In Income Tax Expense Upon Recognition Of Gross Unrecognized Tax Benefits
DecreaseInIncomeTaxExpenseUponRecognitionOfGrossUnrecognizedTaxBenefits
12400000 USD
CY2020Q3 morn Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
8000000.0 USD
CY2019Q4 morn Unrecognized Tax Benefits Included In Current Liabilities
UnrecognizedTaxBenefitsIncludedInCurrentLiabilities
10800000 USD
CY2020Q3 morn Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
4600000 USD
CY2019Q4 morn Unrecognized Tax Benefits Included In Non Current Liabilities
UnrecognizedTaxBenefitsIncludedInNonCurrentLiabilities
3000000.0 USD
CY2020Q3 morn Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
12600000 USD
CY2019Q4 morn Total Liability For Unrecognized Tax Benefits
TotalLiabilityForUnrecognizedTaxBenefits
13800000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
500000000.0 USD
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
122020 shares
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19300000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1.7 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
CY2020Q3 morn Shares Repurchased Program Life To Date Shares
SharesRepurchasedProgramLifeToDateShares
543125 shares
CY2020Q3 morn Shares Repurchased Program Life To Date Value
SharesRepurchasedProgramLifeToDateValue
64900000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
435100000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30

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