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Morningstar, Inc.
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==Appendix== === Economic links to cash flow patterns === {| class="wikitable" |+ |- !Cash flow type!!Introduction!!Growth!!Shake out!!Mature!!Decline |- |Operating|| style="background: red; color: white;" |-|| style="background: green; color: white;" |+ | style="background: orange; color: white;" | +/-|| style="background: green; color: white;" |+|| style="background: red; color: white;" |- |- |Investing|| style="background: red; color: white;" |-|| style="background: red; color: white;" |-|| style="background: orange; color: white;" |+/-|| style="background: red; color: white;" |- | style="background: green; color: white;" | + |- |Financing|| style="background: green; color: white;" |+|| style="background: green; color: white;" |+|| style="background: orange; color: white;" |+/-|| style="background: red; color: white;" |-|| style="background: orange; color: white;" |+/- |}<!-- display data as diagram too --> {| class="wikitable" ! colspan="2" |Morningstar Annual Revenue (Millions of US $) |- |2021 |$1,699 |- |2020 |$1,390 |- |2019 |$1,179 |- |2018 |$1,020 |- |2017 |$912 |- |2016 |$799 |- |2015 |$789 |- |2014 |$760 |- |2013 |$698 |- |2012 |$658 |- |2011 |$631 |- |2010 |$555 |- |2009 |$479 |} {| class="wikitable" !Stock Name !Country !Market Cap !PE Ratio |- |S&P Global (SPGI) |United States |$109.031B |27.75 |- |FactSet Research Systems (FDS) |United States |$16.389B |32.10 |- |TransUnion (TRU) |United States |$11.483B |18.00 |- |Black Knight Financial Services (BKI) |United States |$9.404B |26.32 |- |Dun & Bradstreet Holdings (DNB) |United States |$5.609B |12.68 |}
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