MORNINGSTAR, INC.
Income Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Revenue | $479.0M | $502.5M |
| Cost of Revenue | $128.6M | $130.1M |
| Gross Profit | $350.4M | $372.4M |
| Gross Margin | 73.1% | 74.1% |
| Operating Expenses | ||
| Research & Development | $38.4M | $40.3M |
| SG&A Expense | $83.6M | $85.5M |
| Operating Income | $124.7M | $138.9M |
| Operating Margin | 26.0% | 27.6% |
| Interest Expense | $348.0K | — |
| Pretax Income | $127.6M | $143.1M |
| Income Tax Expense | $46.8M | $54.4M |
| Net Income | $82.1M | $89.6M |
| Net Margin | 17.1% | 17.8% |
| EPS (Basic) | $1.71 | $1.94 |
| EPS (Diluted) | $1.65 | $1.82 |
| Shares Outstanding (Basic) | 48.1M | 46.1M |
| Shares Outstanding (Diluted) | 49.8M | 49.2M |
| Dividends Per Share | $0.00 | — |