Ultrapar Participações S.A. (UGP)
NYSE: UGP · Real-Time Price · USD
6.31
-0.02 (-0.24%)
Aug 5, 2026, 2:32 PM EDT - Market open
Ultrapar Participações Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 439 | 2,748 | 2,526 | 2,518 | 1,538 | 818.61 |
Depreciation & Amortization | 1,343 | 1,219 | 900.67 | 848.89 | 738.9 | 660.2 |
Stock-Based Compensation | 45.33 | 40.56 | 57.46 | 38.91 | 9.94 | 9.36 |
Other Adjustments | 3,795 | 3,507 | 4,337 | 4,008 | 3,110 | 1,949 |
Change in Receivables | -660.93 | -185.61 | 180.34 | 259.88 | -779.24 | -956.78 |
Changes in Inventories | -231.92 | -151.28 | 371.24 | 645.3 | -1,005 | -1,627 |
Changes in Accounts Payable | 1,035 | -31.82 | -1,210 | -1,700 | 1,558 | 2,426 |
Changes in Accrued Expenses | 44.52 | 56.58 | -40.53 | 5.94 | 121.14 | 74.8 |
Changes in Income Taxes Payable | -861.59 | -1,074 | -1,366 | -1,161 | -283.33 | -230.04 |
Changes in Other Operating Activities | -1,011 | -676.5 | -2,021 | -1,613 | -3,004 | -538.55 |
Operating Cash Flow | 6,522 | 5,422 | 3,736 | 3,850 | 2,005 | 2,586 |
Operating Cash Flow Growth | 51.02% | 45.15% | -2.97% | 92.04% | -22.48% | -17.59% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -1,991 | -2,005 | -1,787 | -1,287 | -929.24 | -1,028 |
Sale of Property, Plant & Equipment | 354.82 | - | - | - | 2,840 | 322.49 |
Purchases of Intangible Assets | - | - | - | - | -277.6 | -237.49 |
Purchases of Investments | -1,662 | -2,448 | -5,988 | -250.15 | 1,568 | 1,863 |
Proceeds from Sale of Investments | - | 429.28 | 1,386 | 512.83 | - | - |
Cash Acquisitions | -150.25 | 1,214 | 0.52 | 3.1 | 953.91 | -24.2 |
Other Investing Activities | -457.68 | -34.95 | - | - | 3,748 | -171.3 |
Investing Cash Flow | -3,212 | -2,846 | -6,388 | -1,022 | 7,903 | 724.14 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Long-Term Debt Issued | 8,095 | 8,669 | 4,180 | 2,911 | 1,682 | 1,384 |
Long-Term Debt Repaid | -4,359 | -5,257 | -2,879 | -3,347 | -6,023 | -2,426 |
Net Long-Term Debt Issued (Repaid) | 3,736 | 3,412 | 1,301 | -436.57 | -4,340 | -1,043 |
Repurchase of Common Stock | - | -266.95 | -148.95 | - | - | - |
Net Common Stock Issued (Repurchased) | - | -266.95 | -148.95 | - | - | - |
Common Dividends Paid | -1,687 | -2,172 | -833.66 | -400.03 | -638.28 | -705.75 |
Other Financing Activities | -2,118 | -2,442 | -1,553 | -1,658 | -1,932 | -1,607 |
Financing Cash Flow | -827.85 | -1,470 | -1,234 | -2,494 | -6,911 | -3,356 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Foreign Exchange Rate Adjustments | 17 | -44.98 | 32.38 | -29.95 | -43.34 | 52.01 |
Net Cash Flow | 2,424 | 1,092 | -3,854 | 303.92 | 2,954 | 6.56 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 4,530 | 3,417 | 1,948 | 2,562 | 1,075 | 1,558 |
Free Cash Flow Growth | 83.01% | 75.38% | -23.96% | 138.27% | -30.95% | -34.76% |
FCF Margin | 3.11% | 2.40% | 1.46% | 2.03% | 0.75% | 1.42% |
Free Cash Flow Per Share | 4.15 | 3.12 | 1.74 | 2.32 | 0.98 | 1.42 |
Levered Free Cash Flow | 6,469 | 4,267 | -3 | -1,198 | -5,342 | -266.97 |
Unlevered Free Cash Flow | 4,263 | 2,383 | -79.36 | 304.18 | -72.73 | 1,524 |