Morningstar, Inc. Income Statement

Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & cost
Revenue 479.00M555.35M631.40M658.29M698.30M760.10M788.80M798.60M911.70M1,019.90M1,179.00M1,389.50M1,699.30M1,870.60M2,038.60M2,275.10M
Cost of Revenue 128.62M157.07M235.29M246.78M271.40M318.60M330.10M344.30M386.60M411.10M483.10M556.40M698.40M779.30M843.50M895.70M
Gross Profit 350.38M398.28M396.11M411.50M426.90M441.50M458.70M454.30M525.10M608.80M695.90M833.10M1,000.90M1,091.30M1,195.10M1,379.40M
Operating items
Depreciation & Amortization - Total 13.00M14.81M15.65M19.15M24.20M32.60M42.40M51.30M67.60M76.00M81.20M80.10M87.00M97.80M113.20M125.40M
Research & Development 38.38M49.24M53.16M51.44M
Selling, General & Administrative 83.60M92.84M108.08M108.86M106.90M108.90M107.10M105.20M129.80M147.80M210.70M272.00M318.40M400.40M355.80M327.20M
Other Operating Expenses 219.35M277.39M316.10M328.18M396.50M-61.00M448.70M461.30M16.70M10.50M697.50M822.20M1,036.90M1,204.60M1,339.00M64.00M
Operating Expenses 354.32M434.29M492.99M507.62M527.60M654.50M598.20M617.80M741.90M804.10M989.40M1,174.30M1,442.30M1,702.80M1,808.00M1,854.30M
Operating Income 124.67M121.06M138.41M150.67M170.70M105.60M190.60M180.80M169.80M215.80M189.60M215.20M257.00M167.80M230.60M484.80M
EBIT 124.67M121.06M138.41M150.67M170.70M105.60M190.60M180.80M169.80M215.80M189.60M215.20M257.00M167.80M230.60M484.80M
Non-operating items
Non Operating Investment Income 50.90M
Interest & Investment Income 3.02M2.44M2.36M5.15M2.70M2.10M1.30M0.30M-3.60M-1.80M-8.70M-9.50M-8.70M-28.40M-51.70M-37.70M
Other Non Operating Income -0.08M4.29M-0.91M-2.73M-3.20M0.10M1.20M6.10M-5.00M1.80M-3.10M-5.70M-3.70M-6.70M11.50M-4.90M
Non Operating Income 2.93M6.73M1.71M2.96M7.30M8.40M3.10M44.10M11.30M17.10M8.90M67.80M-6.50M-37.20M-49.10M6.50M
Net income details
EBT 127.61M127.79M140.12M153.62M178.00M114.00M193.70M224.90M181.10M232.90M198.50M283.00M250.50M130.60M181.50M491.30M
Tax Provisions 46.77M42.76M43.66M52.88M56.00M35.70M62.70M63.70M42.90M47.80M45.60M59.70M62.60M56.50M33.00M104.00M
Profit After Tax 82.13M86.46M98.36M108.08M123.50M78.30M132.80M161.00M136.90M183.00M152.00M223.60M193.30M70.50M141.10M369.90M
Equity Income 1.17M1.42M1.85M2.03M1.40M1.80M-0.20M-1.30M5.60M19.50M30.00M5.40M-3.60M-7.40M-17.40M
Net Income - Minority -1.11M-1.65M-1.38M-1.03M-0.90M-0.30M-0.30M
Income from Non-Controlling Interests -0.13M0.09M-0.04M-0.12M-0.10M0.20M
Income from Continuing Operations 80.83M85.03M96.47M100.75M122.00M78.30M131.00M161.20M138.20M185.10M152.90M223.30M187.90M74.10M148.50M387.30M
Consolidated Net Income 80.83M85.03M96.47M5.19M122.00M78.30M131.00M161.20M138.20M185.10M152.90M223.30M187.90M74.10M148.50M387.30M
Income towards Parent Company 80.83M83.93M94.82M3.81M120.97M77.40M130.70M160.90M138.20M185.10M152.90M223.30M187.90M74.10M148.50M387.30M
Net Income towards Common Stockholders 80.83M83.93M94.82M3.81M120.97M77.40M130.70M160.90M136.90M183.00M152.90M223.30M187.90M74.10M148.50M387.30M
Additional items
EPS (Basic) 0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M
EPS (Weighted Average and Diluted) 0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M0.00M
Shares Outstanding (Weighted Average) 48.59M49.67M50.01M47.13M45.95M44.58M44.22M43.06M42.53M42.66M42.81M42.83M43.10M42.45M42.70M42.88M
Shares Outstanding (Diluted Average) 49.79M50.55M50.99M49.15M46.50M44.90M44.30M43.30M43.00M43.00M43.20M43.20M43.40M42.90M42.90M43.10M
EBITDA 137.67M135.87M154.06M169.82M194.90M138.20M233.00M232.10M237.40M291.80M270.80M295.30M344.00M265.60M343.80M610.20M
Tax Rate 36.66%33.46%31.16%34.42%31.46%31.32%32.37%28.32%23.69%20.52%22.97%21.10%24.99%43.26%18.18%21.17%