Morningstar Inc (MORN)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 03-2026 | 12-2025 | 09-2025 | 06-2025 | 03-2025 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 107,100 | 374,200 | 259,100 | 167,500 | 78,500 |
| Depreciation Amortization | 51,700 | 189,900 | 142,800 | 95,800 | 47,300 |
| Income taxes - deferred | -12,700 | -42,200 | -30,000 | -13,800 | -6,900 |
| Accounts receivable | -9,000 | -26,000 | 800 | -17,400 | 17,300 |
| Other Working Capital | -67,400 | 28,900 | -35,400 | -91,700 | -41,000 |
| Other Operating Activity | 21,800 | 64,900 | 48,400 | 49,600 | -4,200 |
| Operating Cash Flow | $91,500 | $589,700 | $385,700 | $190,000 | $91,000 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | -100 | 41,400 | -3,300 | -2,500 | -1,200 |
| PPE Investments | -37,900 | -147,100 | -104,400 | -68,800 | -32,200 |
| Net Acquisitions | -359,600 | -16,300 | -39,100 | -39,100 | -38,500 |
| Purchase Of Investment | -10,700 | -22,200 | -18,500 | -15,200 | -3,300 |
| Sale Of Investment | 23,900 | N/A | 32,600 | 26,100 | 4,500 |
| Other Investing Activity | 0 | 4,900 | 5,100 | 4,900 | 0 |
| Investing Cash Flow | $-384,400 | $-139,300 | $-127,600 | $-94,600 | $-70,700 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 670,000 | 1,175,000 | 370,000 | 265,000 | 145,000 |
| Debt Repayment | -30,000 | -800,000 | -220,000 | -125,000 | -40,000 |
| Common Stock Repurchased | -300,000 | -787,000 | -391,700 | -221,600 | -109,600 |
| Dividend Paid | -19,900 | -76,900 | -58,000 | -38,800 | -19,500 |
| Other Financing Activity | -3,200 | -25,800 | -21,000 | -12,200 | 0 |
| Financing Cash Flow | $316,900 | $-514,700 | $-320,700 | $-132,600 | $-24,100 |
| Exchange Rate Effect | -5,700 | 36,100 | 34,100 | 38,000 | 12,600 |
| Beginning Cash Position | 474,500 | 502,700 | 502,700 | 502,700 | 502,700 |
| End Cash Position | 492,800 | 474,500 | 474,200 | 503,500 | 511,500 |
| Net Cash Flow | $18,300 | $-28,200 | $-28,500 | $800 | $8,800 |
| Free Cash Flow | |||||
| Operating Cash Flow | 91,500 | 589,700 | 385,700 | 190,000 | 91,000 |
| Capital Expenditure | -37,900 | -147,100 | -104,400 | -68,800 | -32,200 |
| Free Cash Flow | 53,600 | 442,600 | 281,300 | 121,200 | 58,800 |