Morningstar, Inc.
MORN · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $92 | $89 | $79 | $117 |
| Dep. & Amort. | $47 | -$47 | $47 | $48 |
| Deferred Tax | -$16 | $7 | -$7 | -$14 |
| Stock-Based Comp. | $19 | -$9 | $9 | $16 |
| Change in WC | $56 | -$51 | -$41 | $37 |
| Other Non-Cash | -$2 | $110 | $4 | -$51 |
| Operating Cash Flow | $196 | $99 | $91 | $153 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$36 | -$37 | -$32 | -$41 |
| Net Acquisitions | -$1 | -$1 | -$40 | $0 |
| Inv. Purchases | -$3 | $2 | -$3 | -$4 |
| Inv. Sales/Matur. | $7 | -$5 | $5 | $4 |
| Other Inv. Act. | $0 | $16 | $0 | $65 |
| Investing Cash Flow | -$33 | -$24 | -$71 | $24 |
| Financing Activities | – | – | – | – |
| Debt Repay. | $10 | $35 | $105 | -$166 |
| Stock Issued | $0 | $0 | $0 | $0 |
| Stock Repurch. | -$170 | -$112 | -$110 | -$12 |
| Dividends Paid | -$19 | -$19 | -$20 | -$17 |
| Other Fin. Act. | -$9 | -$12 | $0 | -$4 |
| Financing Cash Flow | -$188 | -$109 | -$24 | -$199 |
| Forex Effect | -$4 | $25 | $13 | -$29 |
| Net Chg. in Cash | -$29 | -$8 | $9 | -$50 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $504 | $512 | $503 | $553 |
| End Cash | $474 | $504 | $512 | $503 |
| Free Cash Flow | $160 | $62 | $59 | $113 |