XML 75 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 176,254 $ 168,160
Investments 44,696 130,407
Accounts receivable, less allowance of $762 and $1,089, respectively 135,017 114,131
Deferred tax asset, net 6,437 3,892
Income tax receivable, net 18,616 3,942
Other 21,565 26,361
Total current assets 402,585 446,893
Property, equipment, and capitalized software, net 109,900 104,986
Investments in unconsolidated entities 30,287 38,714
Goodwill 388,837 326,450
Intangible assets, net 111,779 103,909
Other assets 7,835 9,716
Total assets 1,051,223 1,030,668
Current liabilities:    
Accounts payable and accrued liabilities 97,251 42,131
Accrued compensation 58,409 71,403
Deferred revenue 161,921 149,225
Other 4,607 6,786
Total current liabilities 322,188 269,545
Accrued compensation 7,512 8,193
Deferred tax liability, net 19,183 23,755
Deferred rent 23,158 23,938
Other long-term liabilities 10,520 13,947
Total liabilities 382,561 339,378
Morningstar, Inc. shareholders' equity:    
Common stock, no par value, 200,000,000 shares authorized, of which 44,715,637 and 44,967,423 shares were outstanding as of June 30, 2014 and December 31, 2013, respectively 5 5
Treasury stock at cost, 7,676,092 shares as of June 30, 2014 and 7,202,896 shares as of December 31, 2013 (484,560) (449,054)
Additional paid-in capital 545,624 539,507
Retained earnings 595,911 594,626
Accumulated other comprehensive income:    
Currency translation adjustment 9,922 4,609
Unrealized gain on available-for-sale securities 742 564
Total accumulated other comprehensive income 10,664 5,173
Total Morningstar, Inc. shareholders' equity 667,644 690,257
Noncontrolling interest 1,018 1,033
Total equity 668,662 691,290
Total liabilities and equity $ 1,051,223 $ 1,030,668