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Morningstar MORN Stock Issuance Proceeds

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Other financials

Income statement

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Revenue$663.2M+9.6%
Gross profit$423.9M+13.2%
Operating income$160.6M+28.4%
Net income$107.8M+21.1%
EPS (diluted)$2.83+35.4%

Balance sheet

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Cash & equivalents$489.5M-2.8%
Total debt$1.9B+86.0%
Total equity$1.0B-36.6%
Total assets$3.9B+8.7%

Cash flow

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Operating cash flow$155.7M+57.3%
CapEx$33.2M-9.3%
Free cash flow$122.5M+96.3%

Valuation

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Market cap$7.37B-32.8%
Enterprise value$8.81B-23.4%
P/E17.5×-9.6×
P/S2.9×-1.8×

Profitability

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Gross margin62.2%+1.3pp
Operating margin23.5%+1.3pp
Net margin16.4%-0.8pp
FCF margin19.4%+2.8pp

Returns & leverage

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Return on equity32%+5.4pp
Debt / equity1.9×+1.2×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Morningstar in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions.

The source filing: Morningstar’s 10-K, filed February 24, 2023.

Filed
Feb 24, 2023
Fiscal year
FY2022
Accession
0001289419-23-000005
Year ended December 31 (in millions)202220212020
Proceeds from 2030 Notes350.0
Proceeds from term facility650.0
Repayment of term facility(19.1)(90.0)(343.4)
Proceeds from stock-option exercises0.21.9
Employee taxes withheld for stock awards(29.9)(29.0)(25.1)
Payment of acquisition-related earn-outs(16.2)(34.4)
Other, net(2.2)(3.1)(2.3)
Cash provided by (used for) financing activities415.1(211.8)(182.2)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Morningstar's stock issuance proceeds?
Morningstar (MORN) reported stock issuance proceeds of $0 in Q4 2022.
What does stock issuance proceeds mean?
Cash received from issuing common stock — IPOs, secondary offerings, DRIP, employee stock purchase plans, and option exercises.

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