On Aug. 10, Morningstar (NASDAQ:MORN) released its 2005 Q2 earnings for the period ending June 30.

(Figures in thousands, except per-share data)

Income Statement Highlights(What's this?)

Avg. Est.

Q2 2005

Q2 2004

% Change

Sales

NA

$56,243

$43,244

+30.1%

Net Profit

--

$9,498

$1,349

+604.1%

EPS

NA

$0.22

$0.03

+633.3%



Margin Checkup (What's this?)

Q2 2005

Q2 2004

Change

Gross Margin

72.13%

65.53%

+6.61%

Op. Margin

23.37%

7.92%

+15.45%

Net Margin

16.89%

3.12%

+13.77%



Balance Sheet Highlights (What's this?)

Assets

Q2 2005

Q4 2004*

% Change

Cash+ ST Invest.

$116,007

$95,463

+21.5%

Inventory

--

--

N/A

Accounts Rec.

$40,286

$33,668

+19.7%



Liabilities

Q2 2005

Q4 2004*

% Change

Long-Term Debt

--

--

N/A

Accounts Pay.

$11,807

$12,085

-2.3%

*The company did not provide year-on-year figures.

Cash Flow Highlights (What's this?)

Q2 2005

Q2 2004

% Change

Cash From Ops

$13,896

$10,724

+29.6%

Capital Expend.

$1,306

$1,841

-29.1%

Free Cash Flow

$12,590

$8,883

+41.7%



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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, John Reeves did not own shares in any of the companies mentioned here. Fool rules are here.