ULH Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	27.38	19.35	12.51	47.18	13.93	8.76
Short-Term Investments	9.79	11.59	10.77	10	8.03	6.53
Cash & Short-Term Investments	37.17	30.94	23.28	57.18	21.96	15.3
Cash Growth	58.02%	32.89%	-59.28%	160.35%	43.58%	-10.52%
Accounts Receivable	308.87	324.74	289.39	352.54	344.23	262.9
Other Receivables	34.24	30.17	22.63	25.15	26.32	22.42
Receivables	343.1	354.91	312.02	377.68	370.55	285.32
Inventory	-	8.27	12.41	11.36	14.1	8.28
Prepaid Expenses	31.93	15.69	17.77	13.43	14.08	12.63
Other Current Assets	16.81	-	-	-	-	-
Total Current Assets	429.01	409.81	365.47	459.65	420.7	321.52
Property, Plant & Equipment	937.59	816.37	648.3	490.89	451.44	462.62
Goodwill	148.78	206.76	170.73	170.73	170.73	170.73
Other Intangible Assets	111.41	150.93	61.3	73.97	88.35	102.24
Long-Term Accounts Receivable	187.17	198.06	-	-	-	-
Long-Term Deferred Tax Assets	0.33	0.33	1.23	1.39	2.06	2.16
Other Long-Term Assets	2.82	4.59	6.5	7.05	4.22	3.79
Total Assets	1,817	1,787	1,254	1,204	1,137	1,063
Accounts Payable	67.64	59.98	64.1	87.14	117.84	97.92
Accrued Expenses	120.93	119.65	81.94	84.36	91.72	73.96
Current Portion of Long-Term Debt	105.23	88.81	70.69	65.3	61.16	59.71
Current Portion of Leases	24.44	28.56	30	28.23	24.57	21.92
Current Income Taxes Payable	-	0.38	6.36	11.93	4.32	11.56
Other Current Liabilities	6.04	7.19	7.33	9.95	13.1	7.75
Total Current Liabilities	324.27	304.57	260.42	286.9	312.71	272.81
Long-Term Debt	718.95	670.27	311.24	313.2	366.19	400.41
Long-Term Leases	85.83	50.79	63.62	77.6	85.98	78.09
Long-Term Deferred Tax Liabilities	106.51	109.01	79.57	69.59	61.25	64.43
Other Long-Term Liabilities	3.48	5.17	6.49	9.47	9.15	7.74
Total Liabilities	1,239	1,140	721.33	756.75	835.28	823.48
Common Stock	26.34	26.32	31.01	31	30.99	30.98
Additional Paid-In Capital	5.46	5.02	5.1	4.85	4.64	4.48
Retained Earnings	554.28	623.02	595.45	513.59	356.07	293.64
Treasury Stock	-0.19	-0.11	-96.84	-96.71	-82.39	-82.39
Comprehensive Income & Other	-7.81	-7.22	-2.52	-5.8	-7.1	-7.15
Shareholders' Equity	578.07	647.02	532.2	446.93	302.21	239.57
Total Liabilities & Equity	1,817	1,787	1,254	1,204	1,137	1,063
Total Debt	934.45	838.44	475.54	484.33	537.9	560.13
Net Cash (Debt)	-897.28	-807.5	-452.26	-427.15	-515.94	-544.84
Net Cash Per Share	-34.09	-30.65	-17.19	-16.13	-19.16	-20.18
Filing Date Shares Outstanding	26.33	26.32	26.31	26.28	26.83	26.92
Total Common Shares Outstanding	26.33	26.32	26.28	26.28	26.92	26.91
Working Capital	104.74	105.25	105.06	172.75	107.99	48.72
Book Value Per Share	21.95	24.59	20.25	17.01	11.23	8.90
Tangible Book Value	317.88	289.34	300.17	202.23	43.13	-33.39
Tangible Book Value Per Share	12.07	10.99	11.42	7.70	1.60	-1.24
Land	-	272.01	256.42	175.87	179.87	152.83
Machinery	-	656.7	490.98	434.28	374.94	376.22
Construction In Progress	-	92.41	63.46	4.99	1.85	24.66

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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