Universal Logistics Holdings, Inc. (ULH)

ULH Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-91.53	-99.87	129.91	92.9	168.63	73.73
Depreciation & Amortization	143.38	146.25	112.89	77.04	66.96	67.54
Other Amortization	2.55	1.26	0.96	0.81	1.13	0.48
Loss (Gain) From Sale of Assets	-45.71	0	1.68	-1.65	-5.44	-1.2
Asset Writedown & Restructuring Costs	128.3	124.41	15.02	-	9.7	-
Loss (Gain) From Sale of Investments	-1.44	-1.75	-0.84	-1.04	-1.04	-1.5
Stock-Based Compensation	0.98	0.46	0.78	0.26	0.22	0.16
Provision & Write-off of Bad Debts	1.29	0.25	-0.35	3.77	9.78	6.32
Other Operating Activities	13.95	2.58	61.41	40.53	37.62	22.86
Change in Accounts Receivable	14.33	50.49	-182.1	60.69	-11.56	-92.97
Change in Accounts Payable	12.82	-3.57	4.47	-29.83	-37.52	36.64
Change in Other Net Operating Assets	-32.05	-37.47	-31.46	-33.24	-25.06	-28.77
Operating Cash Flow	146.88	183.05	112.37	210.25	213.41	83.28
Operating Cash Flow Growth	-16.53%	62.89%	-46.55%	-1.48%	156.25%	-16.16%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-110.22	-224.18	-251.6	-240.55	-117.1	-38.84
Sale of Property, Plant & Equipment	53.53	17.74	4.45	3.51	14.28	5.61
Cash Acquisitions	-	-	-215.76	-	-	-
Investment in Securities	11.3	2.98	0.02	0.27	-0.93	0
Investing Cash Flow	-45.39	-203.45	-462.9	-236.77	-103.74	-33.23

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	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	776.6	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	-879.64	-802.68	-491.27	-254.91	-829.19	-457.7
Net Debt Issued (Repaid)	-103.04	39.64	376.2	3.56	-45.56	-33.25
Repurchase of Common Stock	-0.05	-0.09	-0.11	-0.13	-14.32	-
Common Dividends Paid	-11.07	-11.06	-11.05	-11.04	-13.94	-11.31
Other Financing Activities	-3.14	-2.41	-	-0.95	-4.42	-
Financing Cash Flow	-117.3	26.09	365.04	-8.56	-78.24	-44.56

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	11.78	1.81	-7.67	0.41	1.83	-0.32
Net Cash Flow	-4.03	7.5	6.84	-34.67	33.25	5.17

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	36.66	-41.13	-139.23	-30.31	96.31	44.44
Free Cash Flow Growth	-	-	-	-	116.71%	415.17%
Free Cash Flow Margin	2.40%	-2.64%	-7.54%	-1.82%	4.78%	2.54%
Free Cash Flow Per Share	1.39	-1.56	-5.28	-1.15	3.64	1.65
Levered Free Cash Flow	32.23	-49.41	-29.66	-60.03	60.01	29.72
Unlevered Free Cash Flow	61.99	-20.03	-9.07	-45.71	69.06	36.51

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	52.38	47.98	33.39	23.4	14.33	11.22
Cash Income Tax Paid	7.95	20.47	18.59	25.41	40.89	36.17
Change in Working Capital	-4.9	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: Aug 13, 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:

Sep 6, 2026

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