Morningstar, Inc. (FRA:MRS)
Germany · Delayed Price · Currency is EUR 177.00
-1.00 (-0.56%)
Last updated: Jan 26, 2026, 9:55 AM CET
Morningstar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 |
Net Income | 376 | 369.9 | 141.1 | 70.5 | 193.3 | 223.6 |
Depreciation & Amortization | 96.3 | 95.5 | 103.7 | 102.3 | 90.8 | 85.6 |
Other Amortization | 94.9 | 94.9 | 81.2 | 64.3 | 59.9 | 53.9 |
Loss (Gain) From Sale of Assets | -64 | -109.3 | - | - | - | - |
Loss (Gain) From Sale of Investments | - | - | -49.6 | - | - | -80.9 |
Loss (Gain) on Equity Investments | 16 | 17.4 | 7.4 | 3.6 | -5.4 | -0.3 |
Stock-Based Compensation | 62 | 54.7 | 52.8 | 83.2 | 41.9 | 36.6 |
Provision & Write-off of Bad Debts | 4.3 | 8.1 | 5.3 | 3.8 | 1.9 | 2.8 |
Other Operating Activities | -47.5 | -32.4 | -53.6 | -17.9 | 3.9 | 24.1 |
Change in Accounts Receivable | -37.7 | -30.3 | -38.2 | -38.6 | -67.9 | -9.2 |
Change in Accounts Payable | 2.3 | 9.6 | -1.5 | -2 | 7.1 | -9.5 |
Change in Unearned Revenue | 17.6 | 30.1 | 50.9 | 60 | 78.2 | 29.5 |
Change in Income Taxes | -20.8 | 23.1 | -7.8 | 18.9 | -6.1 | 8 |
Change in Other Net Operating Assets | 39.7 | 60.3 | 24.7 | -50.3 | 52.3 | 20.1 |
Operating Cash Flow | 539.1 | 591.6 | 316.4 | 297.8 | 449.9 | 384.3 |
Operating Cash Flow Growth | -6.41% | 86.98% | 6.25% | -33.81% | 17.07% | 14.92% |
Capital Expenditures | -145 | -142.7 | -119.1 | -129.5 | -101.8 | -76.7 |
Cash Acquisitions | -39.1 | - | -0.8 | -646.7 | -24.8 | -67.8 |
Divestitures | 0.2 | 52.4 | - | - | - | - |
Sale (Purchase) of Intangibles | 65 | 65 | - | - | - | - |
Investment in Securities | 10.3 | 3.8 | 37.9 | -22.9 | -41 | 19 |
Other Investing Activities | 5.1 | 0.2 | 0.1 | -0.2 | -0.1 | 1.7 |
Investing Cash Flow | -103.5 | -21.3 | -81.9 | -799.3 | -167.7 | -123.8 |
Long-Term Debt Issued | - | 90 | 260 | 1,125 | 10 | 410 |
Total Debt Issued | 370 | 90 | 260 | 1,125 | 10 | 410 |
Long-Term Debt Repaid | - | -364.4 | -397.5 | -374.1 | -100 | -473.4 |
Total Debt Repaid | -386.3 | -364.4 | -397.5 | -374.1 | -100 | -473.4 |
Net Debt Issued (Repaid) | -16.3 | -274.4 | -137.5 | 750.9 | -90 | -63.4 |
Issuance of Common Stock | - | - | - | - | - | 1.9 |
Repurchase of Common Stock | -428 | -40.7 | -31.6 | -255.9 | -30.3 | -67 |
Common Dividends Paid | -75.3 | -69.3 | -63.9 | -61.5 | -54.2 | -51.4 |
Other Financing Activities | -0.2 | - | -45.4 | -18.4 | -37.3 | -2.3 |
Financing Cash Flow | -519.8 | -384.4 | -278.4 | 415.1 | -211.8 | -182.2 |
Foreign Exchange Rate Adjustments | 5.5 | -21.1 | 5.2 | -20.8 | -9.1 | 10.1 |
Net Cash Flow | -78.7 | 164.8 | -38.7 | -107.2 | 61.3 | 88.4 |
Free Cash Flow | 394.1 | 448.9 | 197.3 | 168.3 | 348.1 | 307.6 |
Free Cash Flow Growth | -11.22% | 127.52% | 17.23% | -51.65% | 13.17% | 20.91% |
Free Cash Flow Margin | 16.45% | 19.73% | 9.68% | 9.00% | 20.48% | 22.14% |
Free Cash Flow Per Share | 9.22 | 10.41 | 4.60 | 3.92 | 8.02 | 7.12 |
Cash Interest Paid | 34.8 | 47.4 | 58.4 | 28.4 | 10.4 | 11.1 |
Cash Income Tax Paid | 183.6 | 115.6 | 73.2 | 75.3 | 80.9 | 58.2 |
Levered Free Cash Flow | 441.44 | 482.71 | 193.49 | 234.91 | 330.79 | 335.46 |
Unlevered Free Cash Flow | 466 | 513.9 | 231.43 | 252.66 | 336.23 | 341.4 |
Change in Working Capital | 1.1 | 92.8 | 28.1 | -12 | 63.6 | 38.9 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.