For the year ending 2025-12-31, MORN had -$28,200K decrease in cash & cash equivalents over the period. $442,600K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Consolidated net income | 374,200 |
| Depreciation and amortization | 189,900 |
| Deferred income taxes | 42,200 |
| Stock-based compensation expense | 56,400 |
| Provision for credit losses | 5,100 |
| Gain on equity method transaction | 0 |
| Gain on sale of business | 0 |
| Gain on sale of customer assets | 22,700 |
| Other, net | 3,200 |
| Accounts receivable | 26,000 |
| Accounts payable and accrued liabilities | 1,100 |
| Accrued compensation and deferred commissions | 37,700 |
| Income taxes | -8,000 |
| Deferred revenue | 25,700 |
| Other assets and liabilities | 1,600 |
| Equity in investments of unconsolidated entities | -3,300 |
| Cash provided by operating activities | 589,700 |
| Purchases of investment securities | 22,200 |
| Proceeds from maturities and sales of investment securities | 45,500 |
| Capital expenditures | 147,100 |
| Acquisitions, net of cash acquired | 39,000 |
| Proceeds from sale of business | 0 |
| Proceeds from sale of customer assets | 22,700 |
| Proceeds from sale of equity method investments, net | 0 |
| Purchases of investments in unconsolidated entities | 4,100 |
| Other, net | -4,900 |
| Cash used for investing activities | -139,300 |
| Common shares repurchased | 787,000 |
| Dividends paid | 76,900 |
| Proceeds from revolving credit facility | 800,000 |
| Repayment of revolving credit facility | 450,000 |
| Proceeds from term facility | 375,000 |
| Repayment of term facility | 350,000 |
| Employee taxes withheld for stock awards | 22,800 |
| Payment of acquisition-related earn-outs | 0 |
| Other, net | -3,000 |
| Cash used for financing activities | -514,700 |
| Effect of exchange rate changes on cash and cash equivalents | 36,100 |
| Net increase (decrease) in cash and cash equivalents | -28,200 |
| Cash and cash equivalents at beginning of period | 502,700 |
| Cash and cash equivalents at end of period | 474,500 |
Morningstar, Inc. (MORN)
Morningstar, Inc. (MORN)