Morningstar, Inc. Website

Morningstar, Inc.

NasdaqGS-MORN

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Total Revenues

1,179

1,389.5

1,699.3

1,870.6

2,038.6

2,168.9

Total Revenues % Chg.

15.6%

17.9%

22.3%

10.1%

9%

12.5%

Cost of Goods Sold, Total

483.1

556.4

698.4

779.3

843.5

849.1

Gross Profit

695.9

833.1

1,000.9

1,091.3

1,195.1

1,319.8

Selling General & Admin Expenses, Total

388.6

478.4

593.2

731

779.6

764.9

Depreciation & Amortization

117.7

139.5

150.7

166.6

184.9

189.4

Other Operating Expenses, Total

506.3

617.9

743.9

897.6

964.5

954.3

Operating Income

189.6

215.2

257

193.7

230.6

365.5

Interest Expense, Total

-8.7

-9.5

-8.7

-30.1

-60.7

-55.1

Interest And Investment Income

—

—

—

—

—

1.7

9

9

Net Interest Expenses

-8.7

-9.5

-8.7

-28.4

-51.7

-46.1

Income (Loss) On Equity Invest.

—

-0.9

0.3

5.4

-3.6

-19.2

-7

Currency Exchange Gains (Loss)

-3.1

-5.7

-3.7

-6.7

11.5

11.5

Other Non Operating Income (Expenses)

—

—

—

—

—

—

—

—

—

—

-11.9

EBT, Excl. Unusual Items

176.9

200.3

250

155

171.2

312

Restructuring Charges

—

—

—

—

—

—

—

—

-25.9

—

—

Gain (Loss) On Sale Of Investments

20.7

83

5.9

-2.1

2.9

5.2

Gain (Loss) On Sale Of Assets

—

—

—

—

—

—

—

—

—

Legal Settlements

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

197.6

283.3

255.9

127

174.1

317.2

Income Tax Expense

45.6

59.7

62.6

56.5

33

71.3

Earnings From Continuing Operations

152

223.6

193.3

70.5

141.1

245.9

Minority Interest

—

—

—

—

—

—

—

—

—

—

Net Income

152

223.6

193.3

70.5

141.1

245.9

Net Income to Common Incl Extra Items

152

223.6

193.3

70.5

141.1

245.9

Net Income to Common Excl. Extra Items

152

223.6

193.3

70.5

141.1

245.9

Total Shares Outstanding

42.8

42.9

43.1

42.5

42.7

42.8

Weighted Avg. Shares Outstanding

42.7

42.9

43

42.6

42.6

42.7

Weighted Avg. Shares Outstanding Dil

43.2

43.2

43.4

42.9

42.9

43.1

EPS

3.6

5.2

4.5

1.7

3.3

5.8

EPS Diluted

3.5

5.2

4.5

1.6

3.3

5.7

EBITDA

246.2

300.8

347.8

296

334.3

473.7

Effective Tax Rate

23.1%

21.1%

24.5%

44.5%

19%

22.5%