Balance Sheet Data

Morningstar, Inc. (MORN)

$241.56

-5.69 (-2.30%)

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 353.30395.90367.50464.20546.10692.45809.51946.351,106.321,293.34
Total Cash (%)
Account Receivables 148.20174194.80207.30277.80322.24376.71440.39514.84601.87
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 49.2054.4058.9072.8489.08104.14121.74142.32166.38194.50
Accounts Payable (%)
Capital Expenditure -66.60-76.10-80-76.70-101.80-131.36-153.57-179.53-209.87-245.35
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.