Universal Logistics Holdings, Inc. (ULH)

ULH Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-99.87	129.91	92.9	168.63	73.73
Depreciation & Amortization	146.25	112.89	77.04	66.96	67.54
Other Amortization	1.26	0.96	0.81	1.13	0.48
Loss (Gain) From Sale of Assets	0	1.68	-1.65	-5.44	-1.2
Asset Writedown & Restructuring Costs	124.41	15.02	-	9.7	-
Loss (Gain) From Sale of Investments	-1.75	-0.84	-1.04	-1.04	-1.5
Stock-Based Compensation	0.46	0.78	0.26	0.22	0.16
Provision & Write-off of Bad Debts	0.25	-0.35	3.77	9.78	6.32
Other Operating Activities	2.58	61.41	40.53	37.62	22.86
Change in Accounts Receivable	50.49	-182.1	60.69	-11.56	-92.97
Change in Accounts Payable	-3.57	4.47	-29.83	-37.52	36.64
Change in Other Net Operating Assets	-37.47	-31.46	-33.24	-25.06	-28.77
Operating Cash Flow	183.05	112.37	210.25	213.41	83.28
Operating Cash Flow Growth	62.89%	-46.55%	-1.48%	156.25%	-16.16%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-224.18	-251.6	-240.55	-117.1	-38.84
Sale of Property, Plant & Equipment	17.74	4.45	3.51	14.28	5.61
Cash Acquisitions	-	-215.76	-	-	-
Investment in Securities	2.98	0.02	0.27	-0.93	0
Investing Cash Flow	-203.45	-462.9	-236.77	-103.74	-33.23

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	842.32	867.47	258.47	783.63	424.45
Total Debt Issued	842.32	867.47	258.47	783.63	424.45
Long-Term Debt Repaid	-802.68	-491.27	-254.91	-829.19	-457.7
Total Debt Repaid	-802.68	-491.27	-254.91	-829.19	-457.7
Net Debt Issued (Repaid)	39.64	376.2	3.56	-45.56	-33.25
Repurchase of Common Stock	-0.09	-0.11	-0.13	-14.32	-
Common Dividends Paid	-11.06	-11.05	-11.04	-13.94	-11.31
Other Financing Activities	-2.41	-	-0.95	-4.42	-
Financing Cash Flow	26.09	365.04	-8.56	-78.24	-44.56

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.81	-7.67	0.41	1.83	-0.32
Net Cash Flow	7.5	6.84	-34.67	33.25	5.17

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	-41.13	-139.23	-30.31	96.31	44.44
Free Cash Flow Growth	-	-	-	116.71%	415.17%
Free Cash Flow Margin	-2.64%	-7.54%	-1.82%	4.78%	2.54%
Free Cash Flow Per Share	-1.56	-5.28	-1.15	3.64	1.65
Levered Free Cash Flow	-49.41	-29.66	-60.03	60.01	29.72
Unlevered Free Cash Flow	-20.03	-9.07	-45.71	69.06	36.51

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	47.98	33.39	23.4	14.33	11.22
Cash Income Tax Paid	20.47	18.59	25.41	40.89	36.17
Change in Working Capital	9.46	-209.09	-2.37	-74.14	-85.11

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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