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Annual data and sources

Morningstar, Inc. (MORN) · Nasdaq · USD · Sector unavailable · CIK 0001289419

Annual coverage: 2008-12-31–2025-12-31 (18 periods). Financial snapshot built 2026-10-09.

MORN annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Morningstar, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
8.938.8710.491.870.85%Basic EPS (2026-02-13)
Diluted EPS (2026-02-13)
Operating cash flow (2026-02-13) · Capex (2026-02-13)
Dividend (2026-02-13)
2024
2024-12-31
8.648.5810.421.670.49%Basic EPS (2026-02-13)
Diluted EPS (2026-02-13)
Operating cash flow (2026-02-13) · Capex (2026-02-13)
Dividend (2026-02-13)
2023
2023-12-31
3.313.294.601.530.53%Basic EPS (2026-02-13)
Diluted EPS (2026-02-13)
Operating cash flow (2026-02-13) · Capex (2026-02-13)
Dividend (2026-02-13)
2022
2022-12-31
1.651.643.921.460.67%Basic EPS (2025-02-28)
Diluted EPS (2025-02-28)
Operating cash flow (2025-02-28) · Capex (2025-02-28)
Dividend (2025-02-28)
2021
2021-12-31
4.504.458.021.310.39%Basic EPS (2024-02-29)
Diluted EPS (2024-02-29)
Operating cash flow (2024-02-29) · Capex (2024-02-29)
Dividend (2024-02-29)
2020
2020-12-31
5.225.187.121.220.53%Basic EPS (2023-02-24)
Diluted EPS (2023-02-24)
Operating cash flow (2023-02-24) · Capex (2023-02-24)
Dividend (2023-02-24)
2019
2019-12-31
3.563.525.891.140.76%Basic EPS (2022-02-25)
Diluted EPS (2022-02-25)
Operating cash flow (2022-02-25) · Capex (2022-02-25)
Dividend (2022-02-25)
2018
2018-12-31
4.304.255.551.030.96%Basic EPS (2021-02-26)
Diluted EPS (2021-02-26)
Operating cash flow (2021-02-26) · Capex (2021-02-26)
Dividend (2021-02-26)
2017
2017-12-31
3.213.184.270.941.01%Basic EPS (2020-03-02)
Diluted EPS (2020-03-02)
Operating cash flow (2020-03-02) · Capex (2020-03-02)
Dividend (2020-03-02)
2016
2016-12-31
3.743.723.480.891.27%Basic EPS (2019-03-01)
Diluted EPS (2019-03-01)
Operating cash flow (2019-03-01) · Capex (2019-03-01)
Dividend (2019-03-01)
2015
2015-12-31
3.003.004.160.791.04%Basic EPS (2018-03-01)
Diluted EPS (2018-03-01)
Operating cash flow (2018-03-01) · Capex (2018-03-01)
Dividend (2018-03-01)
2014
2014-12-31
1.751.741.740.701.14%Basic EPS (2017-03-01)
Diluted EPS (2017-03-01)
Operating cash flow (2017-03-01) · Capex (2017-03-01)
Dividend (2017-03-01)
2013
2013-12-31
2.682.663.290.550.75%Basic EPS (2016-03-01)
Diluted EPS (2016-03-01)
Operating cash flow (2016-03-01) · Capex (2016-03-01)
Dividend (2016-03-01)
2012
2012-12-31
2.232.202.360.430.74%Basic EPS (2015-02-27)
Diluted EPS (2015-02-27)
Operating cash flow (2015-02-27) · Capex (2015-02-27)
Dividend (2015-02-27)
2011
2011-12-31
1.961.922.780.250.46%Basic EPS (2014-02-28)
Diluted EPS (2014-02-28)
Operating cash flow (2014-02-28) · Capex (2014-02-28)
Dividend (2014-02-28)
2010
2010-12-31
1.751.702.150.050.10%Basic EPS (2013-02-28)
Diluted EPS (2013-02-28)
Operating cash flow (2013-02-28) · Capex (2013-02-28)
Dividend (2013-02-28)
2009
2009-12-31
1.711.651.790.000.00%Basic EPS (2012-02-24)
Diluted EPS (2012-02-24)
Operating cash flow (2012-02-24) · Capex (2012-02-24)
Dividend (2012-02-24)
2008
2008-12-31
1.941.82UnavailableUnavailableUnavailableBasic EPS (2011-02-28)
Diluted EPS (2011-02-28)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-3157.95Unavailable
Inputs & filings

revenue: 2445500000; averageDilutedShares: 42200000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 39740881

revenue (2026-02-13)
averageDilutedShares (2026-02-13)
periodEndShares (2026-02-13)
2024-12-3152.79Unavailable
Inputs & filings

revenue: 2275100000; averageDilutedShares: 43100000; totalDebt: Borrowing components do not come from the same filing; periodEndShares: 42869380

revenue (2026-02-13)
averageDilutedShares (2026-02-13)
periodEndShares (2026-02-13)
2023-12-3147.5223.51
Inputs & filings

revenue: 2038600000; averageDilutedShares: 42900000; totalDebt: 1004500000; periodEndShares: 42728182

revenue (2026-02-13)
averageDilutedShares (2026-02-13)
totalDebt component 1 (2025-02-28) · totalDebt component 2 (2025-02-28)
periodEndShares (2025-02-28)
2022-12-3143.6026.88
Inputs & filings

revenue: 1870600000; averageDilutedShares: 42900000; totalDebt: 1141700000; periodEndShares: 42480051

revenue (2025-02-28)
averageDilutedShares (2025-02-28)
totalDebt component 1 (2024-02-29) · totalDebt component 2 (2024-02-29)
periodEndShares (2024-02-29)
2021-12-3139.158.33
Inputs & filings

revenue: 1699300000; averageDilutedShares: 43400000; totalDebt: 359400000; periodEndShares: 43136273

revenue (2024-02-29)
averageDilutedShares (2024-02-29)
totalDebt component 1 (2023-02-24) · totalDebt component 2 (2023-02-24)
periodEndShares (2023-02-24)
2020-12-3132.16Unavailable
Inputs & filings

revenue: 1389500000; averageDilutedShares: 43200000; totalDebt: Borrowing components do not come from the same filing; periodEndShares: 42898158

revenue (2023-02-24)
averageDilutedShares (2023-02-24)
periodEndShares (2022-02-25)
2019-12-3127.2911.97
Inputs & filings

revenue: 1179000000; averageDilutedShares: 43200000; totalDebt: 513100000; periodEndShares: 42848359

revenue (2022-02-25)
averageDilutedShares (2022-02-25)
totalDebt component 1 (2021-02-26) · totalDebt component 2 (2021-02-26)
periodEndShares (2021-02-26)
2018-12-3123.721.50
Inputs & filings

revenue: 1019900000; averageDilutedShares: 43000000; totalDebt: 70000000; periodEndShares: 46624118

revenue (2021-02-26)
averageDilutedShares (2021-02-26)
totalDebt component 1 (2020-03-02) · totalDebt component 2 (2020-03-02)
periodEndShares (2020-03-02)
2017-12-3121.20Unavailable
Inputs & filings

revenue: 911700000; averageDilutedShares: 43000000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42547707

revenue (2020-03-02)
averageDilutedShares (2020-03-02)
periodEndShares (2019-03-01)
2016-12-3118.44Unavailable
Inputs & filings

revenue: 798600000; averageDilutedShares: 43300000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42932994

revenue (2019-03-01)
averageDilutedShares (2019-03-01)
periodEndShares (2018-03-01)
2015-12-3117.81Unavailable
Inputs & filings

revenue: 788800000; averageDilutedShares: 44300000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 43403076

revenue (2018-03-01)
averageDilutedShares (2018-03-01)
periodEndShares (2017-03-01)
2014-12-3116.93Unavailable
Inputs & filings

revenue: 760100000; averageDilutedShares: 44900000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 44345763

revenue (2017-03-01)
averageDilutedShares (2017-03-01)
periodEndShares (2016-03-01)
2013-12-3115.02Unavailable
Inputs & filings

revenue: 698300000; averageDilutedShares: 46500000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 44967423

revenue (2016-03-01)
averageDilutedShares (2016-03-01)
periodEndShares (2015-02-27)
2012-12-3113.39Unavailable
Inputs & filings

revenue: 658288000; averageDilutedShares: 49148000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 46541571

revenue (2015-02-27)
averageDilutedShares (2015-02-27)
periodEndShares (2014-02-28)
2011-12-3112.38Unavailable
Inputs & filings

revenue: 631400000; averageDilutedShares: 50988000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 50083940

revenue (2014-02-28)
averageDilutedShares (2014-02-28)
periodEndShares (2013-02-28)
2010-12-3110.99Unavailable
Inputs & filings

revenue: 555351000; averageDilutedShares: 50555000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 49874392

revenue (2011-02-28)
averageDilutedShares (2013-02-28)
periodEndShares (2012-02-24)
2009-12-319.62Unavailable
Inputs & filings

revenue: 478996000; averageDilutedShares: 49793000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 48768541

revenue (2011-02-28)
averageDilutedShares (2012-02-24)
periodEndShares (2011-02-28)
2008-12-3110.21Unavailable
Inputs & filings

revenue: 502457000; averageDilutedShares: 49213000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2011-02-28)
averageDilutedShares (2011-02-28)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-3118.10118.2820.58
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":442600000,"capex":{"accession":"0001289419-26-000013","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-26-000013","end":"2025-12-31","filed":"2026-02-13","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2445500000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"netIncome":{"value":374200000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"operatingIncome":{"value":526600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingAssets":{"value":3548900000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCurrentLiabilities":{"value":967300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCapitalEmployed":{"value":2581600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":1618600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCash":{"value":502700000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingBorrowings":{"value":null,"reason":"Borrowing components do not come from the same filing"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3590200000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCurrentLiabilities":{"value":1053300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCapitalEmployed":{"value":2536900000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":1221900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCash":{"value":474500000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":121500000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"pretaxIncome":{"value":495700000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"effectiveTaxRate":{"value":0.24510792818236837,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":397526165.0191648,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":2559250000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 18.09854835411981; cashConversion: 118.2789951897381; roce: 20.576340724821726

fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)
cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13)
roce component 1 (2026-02-13) · roce component 2 (2026-02-13) · roce component 3 (2026-02-13) · roce component 4 (2026-02-13) · roce component 5 (2026-02-13)
2024-12-3119.73121.3619.00
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":448900000,"capex":{"accession":"0001289419-26-000013","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-26-000013","end":"2024-12-31","filed":"2026-02-13","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2275100000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"netIncome":{"value":369900000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"operatingIncome":{"value":484800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingAssets":{"value":3403400000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K"},"openingCurrentLiabilities":{"value":880800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K"},"openingCapitalEmployed":{"value":2522600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":1327800000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingCash":{"value":337900000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K"},"openingBorrowings":{"value":1004500000,"components":[{"tag":"DebtCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K","reportedValue":32100000},{"tag":"LongTermDebtNoncurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-28","accession":"0001289419-25-000041","form":"10-K","reportedValue":972400000}],"leasePolicy":"excludes_all_leases"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":3548900000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCurrentLiabilities":{"value":967300000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCapitalEmployed":{"value":2581600000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":1618600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingCash":{"value":502700000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"closingBorrowings":{"value":null,"reason":"Borrowing components do not come from the same filing"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not 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fcfMargin: 19.731000835128125; cashConversion: 121.35712354690457; roce: 18.99612084165981

fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)
cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13)
roce component 1 (2026-02-13) · roce component 2 (2025-02-28) · roce component 3 (2025-02-28) · roce component 4 (2026-02-13) · roce component 5 (2026-02-13)
2023-12-319.68139.839.02
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":197300000,"capex":{"accession":"0001289419-26-000013","end":"2023-12-31","filed":"2026-02-13","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-26-000013","end":"2023-12-31","filed":"2026-02-13","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2038600000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"netIncome":{"value":141100000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"operatingIncome":{"value":230600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-13","accession":"0001289419-26-000013","form":"10-K"},"openingAssets":{"value":3474800000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"openingCurrentLiabilities":{"value":882500000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-29","accession":"0001289419-24-000010","form":"10-K"},"openingCapitalEmployed":{"value":2592300000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing 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fcfMargin: 9.678210536642794; cashConversion: 139.82990786676118; roce: 9.016794072220376

fcfMargin component 1 (2026-02-13) · fcfMargin component 2 (2026-02-13) · fcfMargin component 3 (2026-02-13)
cashConversion component 1 (2026-02-13) · cashConversion component 2 (2026-02-13) · cashConversion component 3 (2026-02-13)
roce component 1 (2026-02-13) · roce component 2 (2024-02-29) · roce component 3 (2024-02-29) · roce component 4 (2025-02-28) · roce component 5 (2025-02-28)
2022-12-319.00238.727.18
Inputs & filings

Calculation inputs: 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fcfMargin: 8.997113225702982; cashConversion: 238.72340425531914; roce: 7.183988012415712

fcfMargin component 1 (2025-02-28) · fcfMargin component 2 (2025-02-28) · fcfMargin component 3 (2025-02-28)
cashConversion component 1 (2025-02-28) · cashConversion component 2 (2025-02-28) · cashConversion component 3 (2025-02-28)
roce component 1 (2025-02-28) · roce component 2 (2023-02-24) · roce component 3 (2023-02-24) · roce component 4 (2024-02-29) · roce component 5 (2024-02-29)
2021-12-3120.48180.0812.39
Inputs & filings

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fcfMargin: 20.48490554934385; cashConversion: 180.0827728918779; roce: 12.389423192807387

fcfMargin component 1 (2024-02-29) · fcfMargin component 2 (2024-02-29) · fcfMargin component 3 (2024-02-29)
cashConversion component 1 (2024-02-29) · cashConversion component 2 (2024-02-29) · cashConversion component 3 (2024-02-29)
roce component 1 (2024-02-29) · roce component 2 (2022-02-25) · roce component 3 (2022-02-25) · roce component 4 (2023-02-24) · roce component 5 (2023-02-24)
2020-12-3122.14137.5710.91
Inputs & filings

Calculation inputs: 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fcfMargin: 22.137459517812164; cashConversion: 137.56708407871199; roce: 10.911118998124017

fcfMargin component 1 (2023-02-24) · fcfMargin component 2 (2023-02-24) · fcfMargin component 3 (2023-02-24)
cashConversion component 1 (2023-02-24) · cashConversion component 2 (2023-02-24) · cashConversion component 3 (2023-02-24)
roce component 1 (2023-02-24) · roce component 2 (2021-02-26) · roce component 3 (2021-02-26) · roce component 4 (2022-02-25) · roce component 5 (2022-02-25)
2019-12-3121.58167.3712.78
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":254400000,"capex":{"accession":"0001289419-22-000005","end":"2019-12-31","filed":"2022-02-25","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-22-000005","end":"2019-12-31","filed":"2022-02-25","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1179000000,"tag":"Revenues","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"netIncome":{"value":152000000,"tag":"ProfitLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"operatingIncome":{"value":189600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"openingAssets":{"value":1453800000,"tag":"Assets","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingCurrentLiabilities":{"value":362800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingCapitalEmployed":{"value":1091000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":null,"reason":"Missing 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fcfMargin: 21.57760814249364; cashConversion: 167.3684210526316; roce: 12.784464448265398

fcfMargin component 1 (2022-02-25) · fcfMargin component 2 (2022-02-25) · fcfMargin component 3 (2022-02-25)
cashConversion component 1 (2022-02-25) · cashConversion component 2 (2022-02-25) · cashConversion component 3 (2022-02-25)
roce component 1 (2022-02-25) · roce component 2 (2020-03-02) · roce component 3 (2020-03-02) · roce component 4 (2021-02-26) · roce component 5 (2021-02-26)
2018-12-3123.40130.4419.86
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":238700000,"capex":{"accession":"0001289419-21-000039","end":"2018-12-31","filed":"2021-02-26","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-21-000039","end":"2018-12-31","filed":"2021-02-26","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1019900000,"tag":"Revenues","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"netIncome":{"value":183000000,"tag":"ProfitLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"operatingIncome":{"value":215800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"openingAssets":{"value":1405700000,"tag":"Assets","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCurrentLiabilities":{"value":323200000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCapitalEmployed":{"value":1082500000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":804900000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingTotalEquity":{"value":804900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"openingCash":{"value":308200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2017-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1453800000,"tag":"Assets","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingCurrentLiabilities":{"value":362800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingCapitalEmployed":{"value":1091000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":934700000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-25","accession":"0001289419-22-000005","form":"10-K"},"closingCash":{"value":369300000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingBorrowings":{"value":70000000,"components":[{"tag":"DebtCurrent","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K","reportedValue":0},{"tag":"LongTermDebtNoncurrent","unit":"USD","start":null,"end":"2018-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K","reportedValue":70000000}],"leasePolicy":"excludes_all_leases"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":183000000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"incomeTaxExpense":{"value":47800000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":1086750000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 23.404255319148938; cashConversion: 130.43715846994536; roce: 19.85737290085116

fcfMargin component 1 (2021-02-26) · fcfMargin component 2 (2021-02-26) · fcfMargin component 3 (2021-02-26)
cashConversion component 1 (2021-02-26) · cashConversion component 2 (2021-02-26) · cashConversion component 3 (2021-02-26)
roce component 1 (2021-02-26) · roce component 2 (2019-03-01) · roce component 3 (2019-03-01) · roce component 4 (2020-03-02) · roce component 5 (2020-03-02)
2017-12-3120.13134.0415.88
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":183500000,"capex":{"accession":"0001289419-20-000041","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-20-000041","end":"2017-12-31","filed":"2020-03-02","form":"10-K","start":"2017-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":911700000,"tag":"Revenues","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"netIncome":{"value":136900000,"tag":"ProfitLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"operatingIncome":{"value":169800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingAssets":{"value":1350900000,"tag":"Assets","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCurrentLiabilities":{"value":294900000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCapitalEmployed":{"value":1056000000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":696500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingTotalEquity":{"value":696800000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingCash":{"value":259100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2016-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1405700000,"tag":"Assets","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"closingCurrentLiabilities":{"value":323200000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2017-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"closingCapitalEmployed":{"value":1082500000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":804900000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingTotalEquity":{"value":804900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-02-26","accession":"0001289419-21-000039","form":"10-K"},"closingCash":{"value":308200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2017-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":136900000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"incomeTaxExpense":{"value":42900000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2017-01-01","end":"2017-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":1069250000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 20.127234836020623; cashConversion: 134.03944485025565; roce: 15.880289922843113

fcfMargin component 1 (2020-03-02) · fcfMargin component 2 (2020-03-02) · fcfMargin component 3 (2020-03-02)
cashConversion component 1 (2020-03-02) · cashConversion component 2 (2020-03-02) · cashConversion component 3 (2020-03-02)
roce component 1 (2020-03-02) · roce component 2 (2018-03-01) · roce component 3 (2018-03-01) · roce component 4 (2019-03-01) · roce component 5 (2019-03-01)
2016-12-3118.9093.7320.31
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":150900000,"capex":{"accession":"0001289419-19-000035","end":"2016-12-31","filed":"2019-03-01","form":"10-K","start":"2016-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-19-000035","end":"2016-12-31","filed":"2019-03-01","form":"10-K","start":"2016-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":798600000,"tag":"Revenues","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"netIncome":{"value":161000000,"tag":"ProfitLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"operatingIncome":{"value":180800000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingAssets":{"value":1029000000,"tag":"Assets","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCurrentLiabilities":{"value":304400000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCapitalEmployed":{"value":724600000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":640300000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingTotalEquity":{"value":640600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingCash":{"value":207100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2015-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1350900000,"tag":"Assets","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingCurrentLiabilities":{"value":294900000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingCapitalEmployed":{"value":1056000000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":696500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2016-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingTotalEquity":{"value":696800000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingCash":{"value":259100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2016-12-31","filed":"2020-03-02","accession":"0001289419-20-000041","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2016-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":161000000,"tag":"NetIncomeLoss","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":63700000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2016-01-01","end":"2016-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":890300000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 18.89556724267468; cashConversion: 93.72670807453416; roce: 20.307761428731887

fcfMargin component 1 (2019-03-01) · fcfMargin component 2 (2019-03-01) · fcfMargin component 3 (2019-03-01)
cashConversion component 1 (2019-03-01) · cashConversion component 2 (2019-03-01) · cashConversion component 3 (2019-03-01)
roce component 1 (2019-03-01) · roce component 2 (2017-03-01) · roce component 3 (2017-03-01) · roce component 4 (2018-03-01) · roce component 5 (2018-03-01)
2015-12-3123.35138.7026.45
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":184200000,"capex":{"accession":"0001289419-18-000008","end":"2015-12-31","filed":"2018-03-01","form":"10-K","start":"2015-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-18-000008","end":"2015-12-31","filed":"2018-03-01","form":"10-K","start":"2015-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":788800000,"tag":"SalesRevenueNet","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"netIncome":{"value":132800000,"tag":"ProfitLoss","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"operatingIncome":{"value":190600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingAssets":{"value":1010300000,"tag":"Assets","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCurrentLiabilities":{"value":293800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCapitalEmployed":{"value":716500000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":653500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingTotalEquity":{"value":654400000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingCash":{"value":185200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2014-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1029000000,"tag":"Assets","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"closingCurrentLiabilities":{"value":304400000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"closingCapitalEmployed":{"value":724600000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":640300000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2015-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"closingTotalEquity":{"value":640600000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"closingCash":{"value":207100000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2015-12-31","filed":"2019-03-01","accession":"0001289419-19-000035","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2015-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":132600000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"incomeTaxExpense":{"value":62700000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2015-01-01","end":"2015-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":720550000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 23.351926977687626; cashConversion: 138.7048192771084; roce: 26.45201582124766

fcfMargin component 1 (2018-03-01) · fcfMargin component 2 (2018-03-01) · fcfMargin component 3 (2018-03-01)
cashConversion component 1 (2018-03-01) · cashConversion component 2 (2018-03-01) · cashConversion component 3 (2018-03-01)
roce component 1 (2018-03-01) · roce component 2 (2016-03-01) · roce component 3 (2016-03-01) · roce component 4 (2017-03-01) · roce component 5 (2017-03-01)
2014-12-3110.30100.0014.29
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":78300000,"capex":{"accession":"0001289419-17-000009","end":"2014-12-31","filed":"2017-03-01","form":"10-K","start":"2014-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-17-000009","end":"2014-12-31","filed":"2017-03-01","form":"10-K","start":"2014-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":760100000,"tag":"SalesRevenueNet","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"netIncome":{"value":78300000,"tag":"ProfitLoss","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"operatingIncome":{"value":105600000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingAssets":{"value":1030668000,"tag":"Assets","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCurrentLiabilities":{"value":269545000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCapitalEmployed":{"value":761123000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":690257000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingTotalEquity":{"value":691300000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingCash":{"value":168200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2013-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1010300000,"tag":"Assets","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"closingCurrentLiabilities":{"value":293800000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"closingCapitalEmployed":{"value":716500000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":653500000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"closingTotalEquity":{"value":654400000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingCash":{"value":185200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2014-12-31","filed":"2018-03-01","accession":"0001289419-18-000008","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2014-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":78300000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"incomeTaxExpense":{"value":35700000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2014-01-01","end":"2014-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":738811500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 10.30127614787528; cashConversion: 100; roce: 14.29322635069974

fcfMargin component 1 (2017-03-01) · fcfMargin component 2 (2017-03-01) · fcfMargin component 3 (2017-03-01)
cashConversion component 1 (2017-03-01) · cashConversion component 2 (2017-03-01) · cashConversion component 3 (2017-03-01)
roce component 1 (2017-03-01) · roce component 2 (2015-02-27) · roce component 3 (2015-02-27) · roce component 4 (2016-03-01) · roce component 5 (2016-03-01)
2013-12-3121.92124.0722.09
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":153100000,"capex":{"accession":"0001289419-16-000256","end":"2013-12-31","filed":"2016-03-01","form":"10-K","start":"2013-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-16-000256","end":"2013-12-31","filed":"2016-03-01","form":"10-K","start":"2013-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":698300000,"tag":"SalesRevenueNet","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"netIncome":{"value":123400000,"tag":"ProfitLoss","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"operatingIncome":{"value":170700000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingAssets":{"value":1041952000,"tag":"Assets","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCurrentLiabilities":{"value":257365000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCapitalEmployed":{"value":784587000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":725517000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingTotalEquity":{"value":726900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingCash":{"value":163900000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2012-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1030668000,"tag":"Assets","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"closingCurrentLiabilities":{"value":269545000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"closingCapitalEmployed":{"value":761123000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":690257000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2013-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"closingTotalEquity":{"value":691300000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"closingCash":{"value":168200000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2013-12-31","filed":"2017-03-01","accession":"0001289419-17-000009","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2013-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":123500000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"incomeTaxExpense":{"value":56000000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2013-01-01","end":"2013-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":772855000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 21.924674208792784; cashConversion: 124.06807131280388; roce: 22.086937394465973

fcfMargin component 1 (2016-03-01) · fcfMargin component 2 (2016-03-01) · fcfMargin component 3 (2016-03-01)
cashConversion component 1 (2016-03-01) · cashConversion component 2 (2016-03-01) · cashConversion component 3 (2016-03-01)
roce component 1 (2016-03-01) · roce component 2 (2014-02-28) · roce component 3 (2014-02-28) · roce component 4 (2015-02-27) · roce component 5 (2015-02-27)
2012-12-3117.61107.4117.87
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":115957000,"capex":{"accession":"0001289419-15-000044","end":"2012-12-31","filed":"2015-02-27","form":"10-K","start":"2012-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-15-000044","end":"2012-12-31","filed":"2015-02-27","form":"10-K","start":"2012-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":658288000,"tag":"SalesRevenueNet","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"netIncome":{"value":107962000,"tag":"ProfitLoss","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"operatingIncome":{"value":150668000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingAssets":{"value":1172084000,"tag":"Assets","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCurrentLiabilities":{"value":270633000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCapitalEmployed":{"value":901451000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":855370000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingTotalEquity":{"value":857016000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingCash":{"value":200437000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2011-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1041952000,"tag":"Assets","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"closingCurrentLiabilities":{"value":257365000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"closingCapitalEmployed":{"value":784587000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":725517000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2012-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"closingTotalEquity":{"value":726900000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"closingCash":{"value":163900000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2012-12-31","filed":"2016-03-01","accession":"0001289419-16-000256","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2012-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":107991000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"incomeTaxExpense":{"value":52878000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2012-01-01","end":"2012-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":843019000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 17.614934496755218; cashConversion: 107.40538337563217; roce: 17.87243229393406

fcfMargin component 1 (2015-02-27) · fcfMargin component 2 (2015-02-27) · fcfMargin component 3 (2015-02-27)
cashConversion component 1 (2015-02-27) · cashConversion component 2 (2015-02-27) · cashConversion component 3 (2015-02-27)
roce component 1 (2015-02-27) · roce component 2 (2013-02-28) · roce component 3 (2013-02-28) · roce component 4 (2014-02-28) · roce component 5 (2014-02-28)
2011-12-3122.43144.0815.96
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":141654000,"capex":{"accession":"0001289419-14-000044","end":"2011-12-31","filed":"2014-02-28","form":"10-K","start":"2011-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-14-000044","end":"2011-12-31","filed":"2014-02-28","form":"10-K","start":"2011-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":631400000,"tag":"SalesRevenueNet","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"netIncome":{"value":98314000,"tag":"ProfitLoss","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"operatingIncome":{"value":138415000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingAssets":{"value":1086302000,"tag":"Assets","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCurrentLiabilities":{"value":252724000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCapitalEmployed":{"value":833578000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":780316000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingTotalEquity":{"value":781425000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingCash":{"value":180176000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2010-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1172084000,"tag":"Assets","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingCurrentLiabilities":{"value":270633000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingCapitalEmployed":{"value":901451000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":855370000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2011-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingTotalEquity":{"value":857016000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"closingCash":{"value":200437000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2011-12-31","filed":"2015-02-27","accession":"0001289419-15-000044","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2011-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":98058000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"incomeTaxExpense":{"value":43658000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2011-01-01","end":"2011-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":867514500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 22.434906556857776; cashConversion: 144.08324348515978; roce: 15.955352907645922

fcfMargin component 1 (2014-02-28) · fcfMargin component 2 (2014-02-28) · fcfMargin component 3 (2014-02-28)
cashConversion component 1 (2014-02-28) · cashConversion component 2 (2014-02-28) · cashConversion component 3 (2014-02-28)
roce component 1 (2014-02-28) · roce component 2 (2012-02-24) · roce component 3 (2012-02-24) · roce component 4 (2013-02-28) · roce component 5 (2013-02-28)
2010-12-3119.56125.6615.67
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":108645000,"capex":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":555351000,"tag":"Revenues","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":86457000,"tag":"ProfitLoss","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"operatingIncome":{"value":121059000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingAssets":{"value":919083000,"tag":"Assets","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCurrentLiabilities":{"value":207502000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCapitalEmployed":{"value":711581000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":664620000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingTotalEquity":{"value":665789000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingCash":{"value":130496000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2009-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":1086302000,"tag":"Assets","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"closingCurrentLiabilities":{"value":252724000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"closingCapitalEmployed":{"value":833578000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":780316000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2010-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"closingTotalEquity":{"value":781425000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"closingCash":{"value":180176000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2010-12-31","filed":"2014-02-28","accession":"0001289419-14-000044","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2010-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":86025000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"incomeTaxExpense":{"value":42756000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":772579500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{"fcfMargin":{"fcfTotal":{"value":108645000,"capex":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-13-000059","end":"2010-12-31","filed":"2013-02-28","form":"10-K","start":"2010-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":555351000,"tag":"SalesRevenueNet","unit":"USD","start":"2010-01-01","end":"2010-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"}}}}; fcfMargin: 19.563303208241276; cashConversion: 125.66362469204344; roce: 15.66945537643699

fcfMargin component 1 (2013-02-28) · fcfMargin component 2 (2013-02-28) · fcfMargin component 3 (2013-02-28)
cashConversion component 1 (2013-02-28) · cashConversion component 2 (2013-02-28) · cashConversion component 3 (2013-02-28)
roce component 1 (2013-02-28) · roce component 2 (2011-02-28) · roce component 3 (2011-02-28) · roce component 4 (2012-02-24) · roce component 5 (2012-02-24)
2009-12-3118.56108.40Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":88884000,"capex":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":478996000,"tag":"Revenues","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":81997000,"tag":"ProfitLoss","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"operatingIncome":{"value":124673000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":530245000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingCash":{"value":173891000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2008-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":919083000,"tag":"Assets","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingCurrentLiabilities":{"value":207502000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingCapitalEmployed":{"value":711581000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":664620000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2009-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"closingTotalEquity":{"value":665789000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingCash":{"value":130496000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2009-12-31","filed":"2013-02-28","accession":"0001289419-13-000059","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2009-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":82129000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"incomeTaxExpense":{"value":46775000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{"fcfMargin":{"fcfTotal":{"value":88884000,"capex":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001289419-12-000063","end":"2009-12-31","filed":"2012-02-24","form":"10-K","start":"2009-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":478996000,"tag":"SalesRevenueNet","unit":"USD","start":"2009-01-01","end":"2009-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"}}}}; fcfMargin: 18.556313622660735; cashConversion: 108.39908777150384; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31

fcfMargin component 1 (2012-02-24) · fcfMargin component 2 (2012-02-24) · fcfMargin component 3 (2012-02-24)
cashConversion component 1 (2012-02-24) · cashConversion component 2 (2012-02-24) · cashConversion component 3 (2012-02-24)
roce component 1 (2012-02-24) · roce component 2 (2011-02-28) · roce component 3 (2011-02-28)
2008-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"revenue":{"value":502457000,"tag":"Revenues","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"netIncome":{"value":90026000,"tag":"ProfitLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"operatingIncome":{"value":138876000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2007-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":402415000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2007-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingCash":{"value":159576000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2007-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2007-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31"},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":530245000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"closingCash":{"value":173891000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2008-12-31","filed":"2012-02-24","accession":"0001289419-12-000063","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2008-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":89629000,"tag":"NetIncomeLoss","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":54423000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2008-01-01","end":"2008-12-31","filed":"2011-02-28","accession":"0001104659-11-010974","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Stored FCF total has no matching annual OCF/capex duration; cashConversion: Stored FCF total has no matching annual OCF/capex duration; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2007-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2008-12-31

fcfMargin component 1 (2011-02-28)
cashConversion component 1 (2011-02-28)
roce component 1 (2011-02-28)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-312,445,500,000.0021.5315.30
Inputs & filings

revenue: 2445500000; operatingIncome: 526600000; netIncome: 374200000

revenue (2026-02-13)
operatingIncome (2026-02-13)
netIncome (2026-02-13)
2024-12-312,275,100,000.0021.3116.26
Inputs & filings

revenue: 2275100000; operatingIncome: 484800000; netIncome: 369900000

revenue (2026-02-13)
operatingIncome (2026-02-13)
netIncome (2026-02-13)
2023-12-312,038,600,000.0011.316.92
Inputs & filings

revenue: 2038600000; operatingIncome: 230600000; netIncome: 141100000

revenue (2026-02-13)
operatingIncome (2026-02-13)
netIncome (2026-02-13)
2022-12-311,870,600,000.008.973.77
Inputs & filings

revenue: 1870600000; operatingIncome: 167800000; netIncome: 70500000

revenue (2025-02-28)
operatingIncome (2025-02-28)
netIncome (2025-02-28)
2021-12-311,699,300,000.0015.1211.38
Inputs & filings

revenue: 1699300000; operatingIncome: 257000000; netIncome: 193300000

revenue (2024-02-29)
operatingIncome (2024-02-29)
netIncome (2024-02-29)
2020-12-311,389,500,000.0015.4916.09
Inputs & filings

revenue: 1389500000; operatingIncome: 215200000; netIncome: 223600000

revenue (2023-02-24)
operatingIncome (2023-02-24)
netIncome (2023-02-24)
2019-12-311,179,000,000.0016.0812.89
Inputs & filings

revenue: 1179000000; operatingIncome: 189600000; netIncome: 152000000

revenue (2022-02-25)
operatingIncome (2022-02-25)
netIncome (2022-02-25)
2018-12-311,019,900,000.0021.1617.94
Inputs & filings

revenue: 1019900000; operatingIncome: 215800000; netIncome: 183000000

revenue (2021-02-26)
operatingIncome (2021-02-26)
netIncome (2021-02-26)
2017-12-31911,700,000.0018.6215.02
Inputs & filings

revenue: 911700000; operatingIncome: 169800000; netIncome: 136900000

revenue (2020-03-02)
operatingIncome (2020-03-02)
netIncome (2020-03-02)
2016-12-31798,600,000.0022.6420.16
Inputs & filings

revenue: 798600000; operatingIncome: 180800000; netIncome: 161000000

revenue (2019-03-01)
operatingIncome (2019-03-01)
netIncome (2019-03-01)
2015-12-31788,800,000.0024.1616.84
Inputs & filings

revenue: 788800000; operatingIncome: 190600000; netIncome: 132800000

revenue (2018-03-01)
operatingIncome (2018-03-01)
netIncome (2018-03-01)
2014-12-31760,100,000.0013.8910.30
Inputs & filings

revenue: 760100000; operatingIncome: 105600000; netIncome: 78300000

revenue (2017-03-01)
operatingIncome (2017-03-01)
netIncome (2017-03-01)
2013-12-31698,300,000.0024.4517.67
Inputs & filings

revenue: 698300000; operatingIncome: 170700000; netIncome: 123400000

revenue (2016-03-01)
operatingIncome (2016-03-01)
netIncome (2016-03-01)
2012-12-31658,288,000.0022.8916.40
Inputs & filings

revenue: 658288000; operatingIncome: 150668000; netIncome: 107962000

revenue (2015-02-27)
operatingIncome (2015-02-27)
netIncome (2015-02-27)
2011-12-31631,400,000.0021.9215.57
Inputs & filings

revenue: 631400000; operatingIncome: 138415000; netIncome: 98314000

revenue (2014-02-28)
operatingIncome (2014-02-28)
netIncome (2014-02-28)
2010-12-31555,351,000.0021.8015.57
Inputs & filings

revenue: 555351000; operatingIncome: 121059000; netIncome: 86457000

revenue (2011-02-28)
operatingIncome (2013-02-28)
netIncome (2013-02-28)
2009-12-31478,996,000.0026.0317.12
Inputs & filings

revenue: 478996000; operatingIncome: 124673000; netIncome: 81997000

revenue (2011-02-28)
operatingIncome (2012-02-24)
netIncome (2012-02-24)
2008-12-31502,457,000.0027.6417.92
Inputs & filings

revenue: 502457000; operatingIncome: 138876000; netIncome: 90026000

revenue (2011-02-28)
operatingIncome (2011-02-28)
netIncome (2011-02-28)

Morningstar, Inc. (MORN) P/E ratio history

The interactive P/E chart contains all 1119 stored weekly price points (2005-05-06–2026-10-08); 928 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

18 eligible fiscal-year-end observations span 2008-12-31–2025-12-31. Latest eligible diluted P/E: 24.70×; basic P/E: 24.53×, for fiscal end 2025-12-31, using the close on 2025-12-26.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (18 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-26219.06Adjusted close24.5324.70Basic EPS (2026-02-13) Diluted EPS (2026-02-13)
2024-12-312024-12-27339.81Adjusted close39.3339.60Basic EPS (2026-02-13) Diluted EPS (2026-02-13)
2023-12-312023-12-29286.24Adjusted close86.4887.00Basic EPS (2026-02-13) Diluted EPS (2026-02-13)
2022-12-312022-12-30216.59Adjusted close131.27132.07Basic EPS (2025-02-28) Diluted EPS (2025-02-28)
2021-12-312021-12-31340.09Adjusted close75.5776.42Basic EPS (2024-02-29) Diluted EPS (2024-02-29)
2020-12-312020-12-31229.42Adjusted close43.9544.29Basic EPS (2023-02-24) Diluted EPS (2023-02-24)
2019-12-312019-12-27149.17Adjusted close41.9042.38Basic EPS (2022-02-25) Diluted EPS (2022-02-25)
2018-12-312018-12-28107.12Adjusted close24.9125.20Basic EPS (2021-02-26) Diluted EPS (2021-02-26)
2017-12-312017-12-2993.45Adjusted close29.1129.39Basic EPS (2020-03-02) Diluted EPS (2020-03-02)
2016-12-312016-12-3070.06Adjusted close18.7318.83Basic EPS (2019-03-01) Diluted EPS (2019-03-01)
2015-12-312015-12-3175.76Adjusted close25.2525.25Basic EPS (2018-03-01) Diluted EPS (2018-03-01)
2014-12-312014-12-2661.59Adjusted close35.1935.39Basic EPS (2017-03-01) Diluted EPS (2017-03-01)
2013-12-312013-12-2772.89Adjusted close27.2027.40Basic EPS (2016-03-01) Diluted EPS (2016-03-01)
2012-12-312012-12-2857.11Adjusted close25.6125.96Basic EPS (2015-02-27) Diluted EPS (2015-02-27)
2011-12-312011-12-3054.27Adjusted close27.6928.27Basic EPS (2014-02-28) Diluted EPS (2014-02-28)
2010-12-312010-12-3148.34Adjusted close27.6228.44Basic EPS (2013-02-28) Diluted EPS (2013-02-28)
2009-12-312009-12-3144.02Adjusted close25.7426.68Basic EPS (2012-02-24) Diluted EPS (2012-02-24)
2008-12-312008-12-2630.48Adjusted close15.7116.75Basic EPS (2011-02-28) Diluted EPS (2011-02-28)

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