Cash flow Morningstar, Inc. Xetra

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MRS

US6177001095

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Market Closed - Xetra 11:35:57 2026-08-21 EDT			5-day change	1st Jan Change
185.55 ^EUR	+0.60%		+3.75%	+430.14%

08-21	Morningstar Insider Sold Shares Worth $2,440,238, According to a Recent SEC Filing	MT
08-21	Ross Stores jumps after raising full-year profit guidance	RE

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Published financial data: MORNINGSTAR, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.7B	1.87B	2.04B	2.28B	2.45B
Total Revenues	1.7B	1.87B	2.04B	2.28B	2.45B
Cost of Goods Sold, Total	698M	779M	844M	896M	953M
Gross Profit	1B	1.09B	1.2B	1.38B	1.49B
Selling General & Admin Expenses, Total	566M	720M	780M	768M	796M
Depreciation & Amortization - (IS)	151M	167M	185M	190M	190M
Other Operating Expenses, Total	717M	886M	964M	959M	986M
Operating Income	284M	205M	231M	421M	506M
Interest Expense, Total	-10.4M	-30.1M	-60.7M	-49.9M	-40M
Interest And Investment Income	1.7M	1.7M	9M	12.2M	11.4M
Net Interest Expenses	-8.7M	-28.4M	-51.7M	-37.7M	-28.6M
Income (Loss) On Equity Invest.	5.4M	-3.6M	-19.2M	-17.4M	-3.3M
Currency Exchange Gains (Loss)	-3.7M	-6.7M	11.5M	-4.9M	-
Other Non Operating Income (Expenses)	-	-	-	-	1M
EBT, Excl. Unusual Items	277M	166M	171M	361M	475M
Restructuring Charges	-	-25.8M	-	-	-4.5M
Gain (Loss) On Sale Of Investments	5.9M	-2.1M	2.9M	3.8M	-
Gain (Loss) On Sale Of Assets	-	-	-	109M	22.7M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-27M	-11.6M	-	-	2.2M
EBT, Incl. Unusual Items	256M	127M	174M	474M	496M
Income Tax Expense	62.6M	56.5M	33M	104M	122M
Earnings From Continuing Operations	193M	70.5M	141M	370M	374M
Net Income to Company	193M	70.5M	141M	370M	374M
Net Income - (IS)	193M	70.5M	141M	370M	374M
Net Income to Common Incl Extra Items	193M	70.5M	141M	370M	374M
Net Income to Common Excl. Extra Items	193M	70.5M	141M	370M	374M
Per Share Items
Net EPS - Basic	4.5	1.65	3.31	8.64	8.93
Basic EPS - Continuing Operations	4.5	1.65	3.31	8.64	8.93
Basic Weighted Average Shares Outstanding	43M	42.6M	42.6M	42.8M	41.9M
Net EPS - Diluted	4.45	1.64	3.29	8.58	8.87
Diluted EPS - Continuing Operations	4.45	1.64	3.29	8.58	8.87
Diluted Weighted Average Shares Outstanding	43.4M	42.9M	42.9M	43.1M	42.2M
Normalized Basic EPS	4.03	2.44	2.51	5.27	7.09
Normalized Diluted EPS	3.99	2.43	2.49	5.23	7.04
Dividend Per Share	1.3	1.46	1.53	1.67	1.86
Payout Ratio	28.04	87.23	45.29	18.73	20.55
Supplemental Items
EBITDA	375M	308M	334M	516M	593M
EBITA	346M	272M	301M	485M	566M
EBIT	284M	205M	231M	421M	506M
EBITDAR	434M	366M	400M	575M	656M
Effective Tax Rate - (Ratio)	24.46	44.49	18.95	21.95	24.51
Current Domestic Taxes	51.9M	64M	41.1M	104M	118M
Current Foreign Taxes	23M	30.1M	24.3M	34.3M	45.4M
Total Current Taxes	74.9M	94.1M	65.4M	139M	164M
Deferred Domestic Taxes	-3.1M	-27.6M	-19.8M	-24.1M	-35.4M
Deferred Foreign Taxes	-9.2M	-10M	-12.6M	-10.5M	-6.9M
Total Deferred Taxes	-12.3M	-37.6M	-32.4M	-34.6M	-42.3M
Normalized Net Income	173M	104M	107M	226M	297M
Supplemental Operating Expense Items
Selling and Marketing Expenses	275M	356M	424M	441M	462M
General and Administrative Expenses	233M	304M	290M	268M	334M
Research And Development Expense From Footnotes	59.9M	64.3M	81.2M	94.9M	103M
Net Rental Expense, Total	58.7M	58.5M	65.6M	59M	62.2M
Imputed Operating Lease Interest Expense	8.43M	15.19M	25.65M	22.82M	18.39M
Imputed Operating Lease Depreciation	50.27M	43.31M	39.95M	36.18M	43.81M
Stock-Based Comp., COGS (Total)	16.5M	21.6M	23.8M	23.3M	26.4M
Stock-Based Comp., S&M Exp. (Total)	4.4M	8.5M	8.3M	9M	8.4M
Stock-Based Comp., G&A Exp. (Total)	21M	53.1M	20.7M	22.4M	21.6M
Total Stock-Based Compensation	41.9M	83.2M	52.8M	54.7M	56.4M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	484M	377M	338M	503M	474M
Short Term Investments	62.3M	38M	51.1M	48.3M	54.2M
Total Cash And Short Term Investments	546M	415M	389M	551M	529M
Accounts Receivable, Total	269M	308M	344M	358M	390M
Other Receivables	8.9M	-	600K	12.4M	16.2M
Total Receivables	278M	308M	344M	370M	407M
Prepaid Expenses	30.6M	36.7M	34.9M	42.1M	42.5M
Other Current Assets, Total	33.1M	51.6M	47.3M	50.5M	60.2M
Total Current Assets	888M	811M	816M	1.01B	1.04B
Gross Property Plant And Equipment	850M	1B	1.09B	1.19B	1.29B
Accumulated Depreciation	-529M	-611M	-714M	-790M	-900M
Net Property Plant And Equipment	321M	391M	372M	400M	391M
Long-term Investments	63.3M	96M	100M	85.3M	50.3M
Goodwill	1.21B	1.57B	1.58B	1.56B	1.61B
Other Intangibles, Total	328M	549M	484M	409M	379M
Deferred Tax Assets Long-Term	12.8M	10.8M	14.6M	43.2M	78.7M
Deferred Charges Long-Term	31.1M	35.4M	29.3M	26.6M	30.1M
Other Long-Term Assets, Total	11.7M	10.5M	8.8M	8.8M	12.1M
Total Assets	2.86B	3.47B	3.4B	3.55B	3.59B
Liabilities
Accounts Payable, Total	76.5M	76.2M	78.4M	87.3M	97.9M
Accrued Expenses, Total	274M	220M	214M	272M	294M
Current Portion of Long-Term Debt	-	32.1M	32.1M	-	-
Current Portion of Leases	36.4M	37.3M	36.4M	35.1M	41.8M
Current Income Taxes Payable	-	-	-	30.5M	24M
Unearned Revenue Current, Total	377M	456M	518M	541M	586M
Other Current Liabilities	19.5M	61.2M	1.8M	1.4M	9.3M
Total Current Liabilities	784M	882M	881M	967M	1.05B
Long-Term Debt	359M	1.08B	940M	699M	1.07B
Long-Term Leases	136M	177M	151M	170M	147M
Unearned Revenue Non Current	36.4M	33.5M	26.3M	22.4M	21M
Deferred Tax Liability Non Current	102M	62.9M	35.6M	27.6M	27.2M
Other Non Current Liabilities	30.1M	34.6M	41.2M	44.1M	47.5M
Total Liabilities	1.45B	2.27B	2.08B	1.93B	2.37B
Additional Paid In Capital	689M	758M	789M	823M	870M
Retained Earnings	1.53B	1.54B	1.61B	1.91B	2.21B
Treasury Stock	-764M	-987M	-986M	-994M	-1.79B
Comprehensive Income and Other	-35.3M	-99M	-86.5M	-119M	-68.1M
Total Common Equity	1.42B	1.21B	1.33B	1.62B	1.22B
Minority Interest	-	-	-	-	-
Total Equity	1.42B	1.21B	1.33B	1.62B	1.22B
Total Liabilities And Equity	2.86B	3.47B	3.4B	3.55B	3.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42.96M	42.48M	42.73M	42.84M	39.58M
ECS Total Common Shares Outstanding	43.14M	42.48M	42.73M	42.87M	39.74M
Book Value / Share	32.82	28.42	31.08	37.76	30.75
Tangible Book Value	-119M	-913M	-735M	-352M	-768M
Tangible Book Value Per Share	-2.77	-21.5	-17.21	-8.22	-19.33
Total Debt	532M	1.32B	1.16B	904M	1.26B
Net Debt	-14.6M	909M	771M	353M	732M
Debt Equivalent Oper. Leases	470M	468M	525M	472M	498M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Equity Method Investments, Total	50.1M	45.3M	22.6M	19.3M	6.3M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	125M	144M	153M	138M	156M
Full Time Employees	9.56K	12.22K	11.33K	11.08K	10.97K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	193M	70.5M	141M	370M	374M
Depreciation & Amortization - CF	28.8M	35.6M	33.2M	31M	27.4M
Amortization of Goodwill and Intangible Assets - (CF)	62M	66.7M	70.5M	64.5M	59.8M
Depreciation & Amortization, Total	90.8M	102M	104M	95.5M	87.2M
Amortization of Deferred Charges, Total - (CF)	59.9M	64.3M	81.2M	94.9M	103M
(Gain) Loss From Sale Of Asset	-	-	-	-109M	-22.7M
(Gain) Loss on Sale of Investments - (CF)	-900K	-	-49.6M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-5.4M	3.6M	7.4M	17.4M	3.3M
Stock-Based Compensation (CF)	41.9M	83.2M	52.8M	54.7M	56.4M
Provision and Write-off of Bad Debts	1.9M	3.8M	5.3M	8.1M	5.1M
Other Operating Activities, Total	4.8M	-17.9M	-53.6M	-32.4M	-45.4M
Change In Accounts Receivable	-67.9M	-38.6M	-38.2M	-30.3M	-26M
Change In Accounts Payable	7.1M	-2M	-1.5M	9.6M	1.1M
Change in Unearned Revenues	78.2M	60M	50.9M	30.1M	25.7M
Change In Income Taxes	-6.1M	18.9M	-7.8M	23.1M	-8M
Change in Other Net Operating Assets	52.3M	-50.3M	24.7M	60.3M	36.1M
Cash from Operations	450M	298M	316M	592M	590M
Capital Expenditure	-102M	-130M	-119M	-143M	-147M
Cash Acquisitions	-24.8M	-647M	-800K	-	-39M
Divestitures	-	-	-	52.4M	-
Sale (Purchase) of Intangible assets	-	-	-	65M	22.7M
Investment in Marketable and Equity Securities, Total	-41M	-22.9M	37.9M	3.8M	19.2M
Other Investing Activities, Total	-100K	-200K	100K	200K	4.9M
Cash from Investing	-168M	-799M	-81.9M	-21.3M	-139M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	10M	1.12B	260M	90M	1.18B
Total Debt Issued	10M	1.12B	260M	90M	1.18B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-100M	-374M	-398M	-364M	-800M
Total Debt Repaid	-100M	-374M	-398M	-364M	-800M
Issuance of Common Stock	200K	-	-	-	-
Repurchase of Common Stock	-30.3M	-256M	-31.6M	-40.7M	-810M
Common Dividends Paid	-54.2M	-61.5M	-63.9M	-69.3M	-76.9M
Common & Preferred Stock Dividends Paid	-54.2M	-61.5M	-63.9M	-69.3M	-76.9M
Other Financing Activities, Total	-37.5M	-18.4M	-45.4M	-	-3M
Cash from Financing	-212M	415M	-278M	-384M	-515M
Foreign Exchange Rate Adjustments	-9.1M	-20.8M	5.2M	-21.1M	36.1M
Net Change in Cash	61.3M	-107M	-38.7M	165M	-28.2M
Supplemental Items
Cash Interest Paid	10.4M	28.4M	58.4M	47.4M	37.3M
Cash Income Tax Paid (Refund)	80.9M	75.3M	73.2M	116M	172M
Levered Free Cash Flow	347M	241M	193M	483M	446M
Unlevered Free Cash Flow	353M	260M	231M	514M	471M
Change In Net Working Capital	-84.8M	-11.3M	31.3M	-83.5M	-33.1M
Net Debt Issued / Repaid	-90M	751M	-138M	-274M	375M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.39	4.05	4.19	7.57	8.86
Return on Total Capital	9.23	5.73	5.74	10.5	12.64
Return On Equity %	14.39	5.38	11.13	25.11	26.35
Return on Common Equity	14.39	5.38	11.13	25.11	26.35
Margin Analysis
Gross Profit Margin %	58.9	58.34	58.62	60.63	61.03
SG&A Margin	33.32	38.46	38.24	33.77	32.57
EBITDA Margin %	22.06	16.44	16.4	22.69	24.26
EBITA Margin %	20.36	14.54	14.77	21.33	23.14
EBIT Margin %	16.71	10.97	11.31	18.5	20.7
Income From Continuing Operations Margin %	11.38	3.77	6.92	16.26	15.3
Net Income Margin %	11.38	3.77	6.92	16.26	15.3
Net Avail. For Common Margin %	11.38	3.77	6.92	16.26	15.3
Normalized Net Income Margin	10.19	5.56	5.25	9.91	12.15
Levered Free Cash Flow Margin	20.4	12.89	9.49	21.22	18.25
Unlevered Free Cash Flow Margin	20.78	13.89	11.35	22.59	19.28
Asset Turnover
Asset Turnover	0.61	0.59	0.59	0.65	0.69
Fixed Assets Turnover	5.45	5.25	5.35	5.9	6.18
Receivables Turnover (Average Receivables)	7.17	6.49	6.26	6.48	6.53
Short Term Liquidity
Current Ratio	1.13	0.92	0.93	1.05	0.99
Quick Ratio	1.05	0.82	0.83	0.95	0.89
Operating Cash Flow to Current Liabilities	0.57	0.34	0.36	0.61	0.56
Days Sales Outstanding (Average Receivables)	50.91	56.27	58.35	56.47	55.86
Average Days Payable Outstanding	36.84	35.76	33.45	33.85	35.47
Long Term Solvency
Total Debt/Equity	37.54	109.65	87.38	55.85	103.21
Total Debt / Total Capital	27.29	52.3	46.63	35.84	50.79
LT Debt/Equity	34.97	103.9	82.22	53.68	99.79
Long-Term Debt / Total Capital	25.42	49.56	43.88	34.44	49.11
Total Liabilities / Total Assets	50.54	65.26	60.99	54.39	65.97
EBIT / Interest Expense	27.31	6.82	3.8	8.43	12.66
EBITDA / Interest Expense	41.68	12.16	6.59	11.53	16.39
(EBITDA - Capex) / Interest Expense	31.89	7.86	4.63	8.67	12.71
Total Debt / EBITDA	1.23	3.62	2.9	1.57	1.92
Net Debt / EBITDA	-0.03	2.48	1.93	0.61	1.12
Total Debt / (EBITDA - Capex)	1.6	5.6	4.13	2.09	2.48
Net Debt / (EBITDA - Capex)	-0.04	3.84	2.75	0.82	1.44
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	22.3	10.08	8.98	11.6	7.49
Gross Profit, 1 Yr. Growth %	20.14	9.03	9.51	15.42	8.21
EBITDA, 1 Yr. Growth %	14.06	-17.96	12.94	54.44	14.93
EBITA, 1 Yr. Growth %	14.65	-21.42	15.63	61.18	16.63
EBIT, 1 Yr. Growth %	16.87	-27.75	19.05	82.48	20.29
Earnings From Cont. Operations, 1 Yr. Growth %	-13.55	-63.53	100.14	162.15	1.16
Net Income, 1 Yr. Growth %	-13.55	-63.53	100.14	162.15	1.16
Normalized Net Income, 1 Yr. Growth %	21.44	-39.89	10.45	110.75	30.36
Diluted EPS Before Extra, 1 Yr. Growth %	-14.09	-63.15	100.61	160.79	3.38
Accounts Receivable, 1 Yr. Growth %	31.11	14.5	11.69	4.13	9.02
Net Property, Plant and Equip., 1 Yr. Growth %	6.01	21.81	-4.96	7.67	-2.3
Total Assets, 1 Yr. Growth %	6.18	21.38	-2.05	4.28	1.16
Tangible Book Value, 1 Yr. Growth %	-61.97	665.47	-19.47	-52.11	118.11
Common Equity, 1 Yr. Growth %	11.37	-14.75	10	21.9	-24.51
Cash From Operations, 1 Yr. Growth %	17.07	-33.81	6.25	86.98	-0.32
Capital Expenditures, 1 Yr. Growth %	32.72	27.21	-8.03	19.82	3.08
Levered Free Cash Flow, 1 Yr. Growth %	-1.49	-30.46	-17.26	149.48	-7.53
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.58	-26.41	-8.41	122.06	-8.28
Dividend Per Share, 1 Yr. Growth %	6.97	11.07	4.79	9.15	11.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	20.05	16.03	9.53	10.28	9.53
Gross Profit, 2 Yr. CAGR %	19.93	14.45	9.27	12.43	11.76
EBITDA, 2 Yr. CAGR %	23.38	1.11	-1.96	32.07	33.23
EBITA, 2 Yr. CAGR %	23.71	-0.38	-2.85	36.52	37.1
EBIT, 2 Yr. CAGR %	22.39	-2.35	-5.28	47.39	48.16
Earnings From Cont. Operations, 2 Yr. CAGR %	12.77	-43.85	-14.56	129.06	62.85
Net Income, 2 Yr. CAGR %	12.77	-43.85	-14.56	129.06	62.85
Normalized Net Income, 2 Yr. CAGR %	25.13	-8.83	-17.25	52.57	65.23
Diluted EPS Before Extra, 2 Yr. CAGR %	12.44	-43.73	-14.02	128.73	64.2
Accounts Receivable, 2 Yr. CAGR %	19.44	22.52	13.09	7.84	6.55
Net Property, Plant and Equip., 2 Yr. CAGR %	3.53	13.63	7.59	1.16	2.56
Total Assets, 2 Yr. CAGR %	9.88	13.53	9.04	1.06	2.71
Tangible Book Value, 2 Yr. CAGR %	-35.74	70.62	148.28	-37.9	2.21
Common Equity, 2 Yr. CAGR %	14.31	-2.56	-3.16	15.8	-4.07
Cash From Operations, 2 Yr. CAGR %	15.99	-11.97	-16.14	40.95	36.52
Capital Expenditures, 2 Yr. CAGR %	12.81	29.94	8.16	4.97	11.13
Levered Free Cash Flow, 2 Yr. CAGR %	17.43	-15.23	-23.52	43.35	49.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	17.26	-12.76	-17.04	42.62	42.72
Dividend Per Share, 2 Yr. CAGR %	6.99	9.21	8.07	6.95	10.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	18.55	16.63	13.63	10.22	9.34
Gross Profit, 3 Yr. CAGR %	18.02	16.18	12.78	11.28	11
EBITDA, 3 Yr. CAGR %	11.59	7.69	3.58	14.08	26.09
EBITA, 3 Yr. CAGR %	13.52	6.34	3.19	15.01	29.54
EBIT, 3 Yr. CAGR %	9.59	2.67	2.33	17.86	37.74
Earnings From Cont. Operations, 3 Yr. CAGR %	1.84	-22.59	-14.23	24.15	74.44
Net Income, 3 Yr. CAGR %	1.84	-22.59	-14.23	24.15	74.44
Normalized Net Income, 3 Yr. CAGR %	9.03	-2	-5.1	13.01	45.28
Diluted EPS Before Extra, 3 Yr. CAGR %	1.54	-22.48	-14.04	24.46	75.53
Accounts Receivable, 3 Yr. CAGR %	16.02	17.77	18.8	10.02	8.23
Net Property, Plant and Equip., 3 Yr. CAGR %	30.78	9.29	7.06	7.62	-0.01
Total Assets, 3 Yr. CAGR %	25.34	13.59	8.08	7.43	1.1
Tangible Book Value, 3 Yr. CAGR %	-26.79	46.76	32.84	43.46	-5.6
Common Equity, 3 Yr. CAGR %	14.85	3.66	1.46	4.56	0.41
Cash From Operations, 3 Yr. CAGR %	12.64	-3.79	-6.28	9.56	25.57
Capital Expenditures, 3 Yr. CAGR %	10.18	17.42	15.8	11.92	4.34
Levered Free Cash Flow, 3 Yr. CAGR %	20.83	-1.39	-16.76	13.43	23.86
Unlevered Free Cash Flow, 3 Yr. CAGR %	21.35	0.39	-12.16	15.19	23.1
Dividend Per Share, 3 Yr. CAGR %	8.21	8.47	7.84	8.43	8.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.3	15.46	14.86	14.05	11.97
Gross Profit, 5 Yr. CAGR %	17.11	15.76	14.44	14.66	12.37
EBITDA, 5 Yr. CAGR %	10.12	5.94	4.39	15.96	14.56
EBITA, 5 Yr. CAGR %	11.56	7.05	4.95	16.5	15.61
EBIT, 5 Yr. CAGR %	9.45	3.86	1.34	17.29	18.66
Earnings From Cont. Operations, 5 Yr. CAGR %	3.72	-12.43	-5.07	19.47	10.85
Net Income, 5 Yr. CAGR %	3.72	-12.43	-5.07	19.47	10.85
Normalized Net Income, 5 Yr. CAGR %	8.18	0.81	-4.34	15.32	18.87
Diluted EPS Before Extra, 5 Yr. CAGR %	3.65	-12.4	-4.99	19.51	11.36
Accounts Receivable, 5 Yr. CAGR %	13.02	15.75	14.84	13.69	13.74
Net Property, Plant and Equip., 5 Yr. CAGR %	16.11	21.54	20.96	5.96	5.24
Total Assets, 5 Yr. CAGR %	16.21	19.84	18.54	8.4	5.9
Tangible Book Value, 5 Yr. CAGR %	44.71	44.57	19.32	4.04	19.62
Common Equity, 5 Yr. CAGR %	15.24	8.44	7.27	8.36	-0.79
Cash From Operations, 5 Yr. CAGR %	16.05	3.55	0.1	12.09	8.94
Capital Expenditures, 5 Yr. CAGR %	10.14	14.22	9.37	12.27	13.91
Levered Free Cash Flow, 5 Yr. CAGR %	17.73	6.94	-0.3	13.94	5.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	18.02	8.27	3.21	14.88	6.66
Dividend Per Share, 5 Yr. CAGR %	7.96	9.13	8.24	7.94	8.86