$MORN
Morningstar, Inc.

2023 Q4 Form 10-Q Financial Statement

#000128941923000020 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $538.7M $515.5M
YoY Change 13.41% 10.1%
Cost Of Revenue $205.4M $202.9M
YoY Change 5.33% 3.84%
Gross Profit $333.3M $312.6M
YoY Change 19.04% 14.59%
Gross Profit Margin 61.87% 60.64%
Selling, General & Admin $192.4M $196.0M
YoY Change -3.66% -5.13%
% of Gross Profit 57.73% 62.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.50M $46.60M
YoY Change 3.79% 5.43%
% of Gross Profit 13.95% 14.91%
Operating Expenses $238.9M $196.0M
YoY Change -2.29% -5.13%
Operating Profit $94.40M $70.00M
YoY Change 165.92% 218.18%
Interest Expense -$11.50M -$12.80M
YoY Change 3.6% 21.9%
% of Operating Profit -12.18% -18.29%
Other Income/Expense, Net $7.400M -$12.60M
YoY Change 19.35% -48.15%
Pretax Income $90.30M $57.40M
YoY Change 195.1% -2595.65%
Income Tax $14.10M $16.70M
% Of Pretax Income 15.61% 29.09%
Net Earnings $73.50M $39.10M
YoY Change 2127.27% -534.44%
Net Earnings / Revenue 13.64% 7.58%
Basic Earnings Per Share $0.92
Diluted Earnings Per Share $1.71 $0.91
COMMON SHARES
Basic Shares Outstanding 42.70M shares 42.65M shares
Diluted Shares Outstanding 42.90M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $389.0M $363.7M
YoY Change -6.17% -10.66%
Cash & Equivalents $337.9M $325.0M
Short-Term Investments $51.10M $38.70M
Other Short-Term Assets $5.400M $4.700M
YoY Change -50.46% -58.04%
Inventory
Prepaid Expenses $34.90M $41.30M
Receivables $343.9M $298.0M
Other Receivables $600.0K $8.800M
Total Short-Term Assets $815.7M $758.2M
YoY Change 0.6% -3.88%
LONG-TERM ASSETS
Property, Plant & Equipment $207.7M $204.3M
YoY Change 4.16% 8.79%
Goodwill $1.579B $1.569B
YoY Change 0.45% 1.72%
Intangibles
YoY Change
Long-Term Investments $100.2M $104.8M
YoY Change 4.38% 948.0%
Other Assets $8.800M $8.900M
YoY Change -16.19% -16.04%
Total Long-Term Assets $2.588B $2.586B
YoY Change -2.86% -1.54%
TOTAL ASSETS
Total Short-Term Assets $815.7M $758.2M
Total Long-Term Assets $2.588B $2.586B
Total Assets $3.403B $3.344B
YoY Change -2.05% -2.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.40M $70.10M
YoY Change 2.89% 4.47%
Accrued Expenses $250.8M $216.6M
YoY Change -2.56% -6.64%
Deferred Revenue $514.8M
YoY Change 11.89%
Short-Term Debt $0.00 $32.10M
YoY Change 0.0%
Long-Term Debt Due $32.10M $32.10M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $880.8M $809.5M
YoY Change -0.19% 0.38%
LONG-TERM LIABILITIES
Long-Term Debt $972.4M $1.056B
YoY Change -12.36% -8.82%
Other Long-Term Liabilities $17.50M $15.20M
YoY Change 25.9% 2.7%
Total Long-Term Liabilities $989.9M $1.071B
YoY Change -11.89% -8.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $880.8M $809.5M
Total Long-Term Liabilities $989.9M $1.071B
Total Liabilities $2.076B $2.100B
YoY Change -8.47% -6.09%
SHAREHOLDERS EQUITY
Retained Earnings $1.611B $1.555B
YoY Change 4.94% -0.54%
Common Stock $789.0M $782.6M
YoY Change 4.12% 5.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $985.5M $985.9M
YoY Change -0.12% 0.38%
Treasury Stock Shares
Shareholders Equity $1.328B $1.244B
YoY Change
Total Liabilities & Shareholders Equity $3.403B $3.344B
YoY Change -2.05% -2.08%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $73.50M $39.10M
YoY Change 2127.27% -534.44%
Depreciation, Depletion And Amortization $46.50M $46.60M
YoY Change 3.79% 5.43%
Cash From Operating Activities $137.8M $130.7M
YoY Change 33.14% 28.01%
INVESTING ACTIVITIES
Capital Expenditures $30.00M $29.30M
YoY Change -16.9% -186.94%
Acquisitions
YoY Change
Other Investing Activities -$2.800M $8.000M
YoY Change 27.27% -447.83%
Cash From Investing Activities -$32.80M -$21.30M
YoY Change -14.36% -40.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -103.4M -120.1M
YoY Change 34.81% 110.33%
NET CHANGE
Cash From Operating Activities 137.8M 130.7M
Cash From Investing Activities -32.80M -21.30M
Cash From Financing Activities -103.4M -120.1M
Net Change In Cash 1.600M -10.70M
YoY Change -113.91% -218.89%
FREE CASH FLOW
Cash From Operating Activities $137.8M $130.7M
Capital Expenditures $30.00M $29.30M
Free Cash Flow $107.8M $101.4M
YoY Change 59.94% -25.33%

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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
morn-20230930_def.xml Edgar Link unprocessable
morn-20230930_pre.xml Edgar Link unprocessable
morn-20230930_cal.xml Edgar Link unprocessable
morn-20230930_lab.xml Edgar Link unprocessable