Universal Display Corporation (OLED)
NASDAQ: OLED · Real-Time Price · USD
87.58
+0.74 (0.85%)
Aug 27, 2026, 10:22 AM EDT - Market open
Universal Display Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 195.68 | 242.08 | 222.08 | 203.01 | 210.06 | 184.21 |
Depreciation & Amortization | 50.77 | 46.59 | 44.14 | 43.4 | 42.27 | 41.96 |
Asset Writedown & Restructuring Costs | 1.58 | 1.58 | 7.5 | - | - | - |
Loss (Gain) From Sale of Investments | -3.27 | -8.77 | -7.4 | -11.6 | 0.5 | -0.37 |
Stock-Based Compensation | 24.27 | 28.23 | 30.03 | 24.11 | 29.95 | 36.28 |
Other Operating Activities | 4.7 | 0.66 | -17.31 | -0.64 | -21.67 | 10.62 |
Change in Accounts Receivable | 20.84 | -6.31 | 26.2 | -47.19 | 14.98 | -25.38 |
Change in Inventory | -41.45 | -57.97 | -7.14 | 7.43 | -49.06 | -42.57 |
Change in Accounts Payable | -16.55 | 2.11 | 10.36 | 4.05 | 3.34 | 1.9 |
Change in Unearned Revenue | 4.62 | -10.66 | -26.11 | -4.16 | -93.2 | -5.22 |
Change in Other Net Operating Assets | 21 | -26.71 | -28.61 | -63.63 | -10.35 | -10.33 |
Operating Cash Flow | 262.19 | 210.83 | 253.74 | 154.78 | 126.82 | 191.11 |
Operating Cash Flow Growth | 33.04% | -16.91% | 63.94% | 22.05% | -33.64% | 28.44% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -42.17 | -56.47 | -42.64 | -59.79 | -42.5 | -43.16 |
Sale (Purchase) of Intangibles | -50 | -10 | - | -66.56 | -4.71 | -0.39 |
Investment in Securities | 98.13 | 20.99 | -121.77 | 43.06 | -233.54 | -414.2 |
Investing Cash Flow | 5.96 | -45.48 | -164.41 | -83.29 | -280.74 | -457.75 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Issuance of Common Stock | 1.99 | 2.02 | 2.22 | 2.01 | 1.57 | 1.51 |
Repurchase of Common Stock | -156.01 | -42.45 | -8.39 | -8.21 | -9.21 | -14.95 |
Common Dividends Paid | -89.37 | -85.55 | -76.17 | -66.74 | -57 | -37.93 |
Financing Cash Flow | -243.39 | -125.98 | -82.34 | -72.93 | -64.64 | -51.37 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 24.76 | 39.37 | 7 | -1.45 | -218.56 | -318.02 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 220.02 | 154.36 | 211.1 | 94.99 | 84.32 | 147.94 |
Free Cash Flow Growth | 53.61% | -26.88% | 122.25% | 12.65% | -43.01% | 22.47% |
Free Cash Flow Margin | 36.25% | 23.72% | 32.59% | 16.48% | 13.67% | 26.73% |
Free Cash Flow Per Share | 4.66 | 3.24 | 4.43 | 2.00 | 1.78 | 3.12 |
Levered Free Cash Flow | 111.84 | 67.95 | 190.02 | -21.11 | 80.4 | 130.35 |
Unlevered Free Cash Flow | 111.84 | 67.95 | 190.02 | -21.11 | 80.4 | 130.35 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Income Tax Paid | 17.17 | 71.44 | 71.97 | 96.18 | 72.35 | 52.65 |
Change in Working Capital | -11.54 | -99.53 | -25.3 | -103.51 | -134.3 | -81.6 |