Morningstar, Inc. (MORN) quarterly cash flow statement — complete operating, investing & financing history
Morningstar, Inc. (MORN) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 155.7M | 91.5M | 204M | 195.7M | 99M | 91M | 153.4M | 191.9M | 152.7M | 93.6M | 137.8M | 130.7M | 24.5M | 23.4M | 103.5M | 102.1M | 68.7M | 23.5M | 135.9M | 122.6M |
| Operating CF Growth % | 57.27% | 0.55% | 32.99% | 1.98% | -35.17% | -2.78% | 11.32% | 46.82% | 523.27% | 300% | 33.14% | 28.01% | -64.34% | -0.43% | -23.84% | -16.72% | -45.99% | -63.4% | 18.59% | 31.26% |
| Net Income | 107.8M | 107.1M | 115.1M | 91.6M | 89M | 78.5M | 116.9M | 119.7M | 69.1M | 64.2M | 73.5M | 39.1M | 36.1M | -7.6M | 3.3M | -9M | 30.1M | 46.1M | 56.5M | 49M |
| Depreciation & Amortization | 53.5M | 51.7M | 47.1M | 47M | -47.3M | 47.3M | 48.4M | 45.7M | 49.1M | 47.2M | 46.5M | 46.6M | 47M | 44.8M | 44.8M | 44.2M | 40M | 37.6M | 38.4M | 38.1M |
| Deferred Taxes | -3.8M | -12.7M | -12.2M | -16.2M | 6.9M | -6.9M | -13.8M | -7.1M | -6.4M | -7.5M | -21.8M | -3.8M | -8.8M | 2M | -9.8M | -10.6M | -10.2M | -6.7M | -3.6M | -3.7M |
| Other Non-Cash Items | -38.9M | 2M | -10.3M | -1.6M | 110.2M | 4M | -50.5M | -39.6M | 16.8M | -8.1M | -7.9M | 400K | -600K | -50M | -3.9M | 23.5M | 9.5M | -2.3M | -6.6M | -2.2M |
| Working Capital Changes | 9.8M | -67.4M | 64.3M | 56.3M | -50.7M | -41M | 36.5M | 60M | 9.9M | -13.6M | 36.4M | 33.7M | -64M | 22M | 44M | 31.9M | -22.8M | -65.1M | 40.3M | 30.3M |
| Cash from Investing | -26M | -384.4M | -11.7M | -33M | -23.9M | -70.7M | 24.1M | 14.1M | -32.8M | -26.7M | -32.8M | -21.3M | -27.1M | -700K | -38.3M | -36M | -691.3M | -33.7M | -42.3M | -56.2M |
| Purchase of Investments | -3.2M | -10.8M | -4.5M | -3.3M | 2M | -3.3M | -3.5M | -2.9M | -2.4M | -7.2M | -6.8M | -3.7M | -2.4M | -2.8M | -2.9M | -9.3M | -8.4M | -15.9M | -46.4M | -11.8M |
| Sale/Maturity of Investments | 10.4M | 23.9M | 12.9M | 6.5M | -4.5M | 4.5M | 3.5M | 3.9M | 2.3M | 17.4M | 7.2M | 12M | 6.4M | 5.5M | 1.8M | 8.8M | 14.2M | 18.2M | 18.2M | 11.6M |
| Net Investment Activity | 7.2M | 13.1M | 8.4M | 3.2M | -2.5M | 1.2M | 0 | 1M | -100K | 10.2M | 400K | 8.3M | 4M | 2.7M | -1.1M | -500K | 5.8M | 2.3M | -28.2M | -200K |
| Acquisitions | 0 | -359.6M | 100K | -800K | -600K | -39.7M | 200K | 49M | -800K | -2.8M | -3.4M | -200K | -800K | 26.1M | -1M | -1.9M | -665.4M | -7.8M | 16.7M | -25.9M |
| Other Investing | 0 | 0 | 22.5M | 200K | 15.8M | 0 | 64.5M | 200K | 0 | 0 | 200K | -100K | 0 | 0 | -100K | 100K | 0 | -200K | -600K | 100K |
| Cash from Financing | -130.6M | 316.9M | -194M | -188.1M | -108.5M | -24.1M | -199.1M | -60.2M | -81.6M | -43.5M | -103.4M | -120.1M | -6.1M | -48.8M | -76.7M | -57.1M | 537.1M | 11.8M | -36.3M | -20.2M |
| Dividends Paid | -19M | -19.9M | -18.9M | -19.2M | -19.3M | -19.5M | -17.3M | -17.4M | -17.3M | -17.3M | -16M | -16M | -16M | -15.9M | -15.3M | -15.3M | -15.4M | -15.5M | -13.6M | -13.6M |
| Share Repurchases | -100M | -300M | -395.3M | -170.1M | -112M | -109.6M | -11.6M | -7.9M | -14.3M | -3.2M | 0 | 0 | -1.4M | -9.3M | -8.3M | -15.2M | -91.9M | -110.6M | -1.2M | -4M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Stock Activity | -100M | -300M | -395.3M | -170.1M | -112M | -109.6M | -11.6M | -7.9M | -14.3M | -3.2M | 0 | 0 | -1.4M | -9.3M | -8.3M | -15.2M | -91.9M | -110.6M | -1.2M | -4M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Other Financing | -22.6M | -3.2M | -4.8M | -8.8M | -12.2M | 0 | -3.9M | 100K | 0 | 100K | -4.3M | -6M | -10.5M | -45.5M | -4.9M | -6.6M | -29.7M | -7.1M | -6.5M | 7.4M |
| Net Change in Cash | -3.3M | 18.3M | 300K | -29.3M | -8M | 8.8M | -50.2M | 161.7M | 37.5M | 15.8M | 12.9M | -18.3M | -8.9M | -24.4M | 3.9M | -7.5M | -103.3M | -300K | 56.8M | 39.4M |
| Exchange Rate Effect | -2.4M | -5.7M | 2M | -3.9M | 25.4M | 12.6M | -28.6M | 15.9M | -800K | -7.6M | 11.3M | -7.6M | -200K | 1.7M | 15.4M | -16.5M | -17.8M | -1.9M | -500K | -6.8M |
| Cash at Beginning | 492.8M | 474.5M | 474.2M | 503.5M | 511.5M | 502.7M | 552.9M | 391.2M | 353.7M | 337.9M | 325M | 343.3M | 352.2M | 376.6M | 372.7M | 380.2M | 483.5M | 483.8M | 427M | 387.6M |
| Cash at End | 489.5M | 492.8M | 474.5M | 474.2M | 503.5M | 511.5M | 502.7M | 552.9M | 391.2M | 353.7M | 337.9M | 325M | 343.3M | 352.2M | 376.6M | 372.7M | 380.2M | 483.5M | 483.8M | 427M |
| Interest Paid | 17.3M | 12.3M | 13M | 7.2M | 10.7M | 6.4M | 10.5M | 11.7M | 13.7M | 11.5M | 16.5M | 13.7M | 16.3M | 11.9M | 10.7M | 10.7M | 4.4M | 2.6M | 2.3M | 2.5M |
| Income Taxes Paid | 67.3M | 26.8M | 0 | 40.3M | 79.5M | 14.2M | 49.6M | 21.9M | 31.6M | 12.5M | 26.5M | 13.6M | 24M | 9.1M | 18.2M | 12.5M | 37.6M | 7M | 20.4M | 16.3M |
| Free Cash Flow | 122.5M | 53.6M | 161.3M | 160.1M | 62.4M | 58.8M | 112.8M | 155.8M | 120.8M | 59.5M | 107.8M | 101.4M | -5.8M | -6.1M | 67.4M | 68.4M | 37M | -4.5M | 105.7M | 92.4M |
| FCF Growth % | 96.31% | -8.84% | 43% | 2.76% | -48.34% | -1.18% | 4.64% | 53.65% | 2182.76% | 1075.41% | 59.94% | 48.25% | -115.68% | -35.56% | -36.23% | -25.97% | -65.9% | -110.84% | 14.15% | 30.51% |