Morningstar Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

MORN$246.15+0.8%Stored close · as of Nov 9, 2026

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Contents

Part I	3
	Item 1. Business	3
	Item 1A. Risk Factors	31
	Item 1B. Unresolved Staff Comments	51
	Item 1C. Cybersecurity	51
	Item 2. Properties	53
	Item 3. Legal Proceedings	53
	Item 4. Mine Safety Disclosures	53
Part II	54
	Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	54
	Item 6. [Reserved]	55
	Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations	55
	Item 7A. Quantitative and Qualitative Disclosures about Market Risk	83
	Item 8. Financial Statements and Supplementary Data	84
	Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	127
	Item 9A. Controls and Procedures	128
	Item 9B. Other Information	129
	Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	130
Part III	130
	Item 10. Directors, Executive Officers, and Corporate Governance	130
	Item 11. Executive Compensation	131
	Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	131
	Item 13. Certain Relationships and Related Transactions, and Director Independence	131
	Item 14. Principal Accountant Fees and Services	131
Part IV.	132
	Item 15. Exhibits and Financial Statement Schedules	132

ContentsView on SEC.gov

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About this filing

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