UL Solutions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021
Revenue	2,678	2,520	2,517
Revenue Growth (YoY)	6.27%	0.12%	-
Cost of Revenue	1,398	1,313	1,338
Gross Profit	1,280	1,207	1,179
Selling, General & Admin	875	795	892
Other Operating Expenses	37	0	0
Operating Expenses	912	795	892
Operating Income	368	412	287
Interest Expense / Income	35	17	1
Other Expense / Income	3	28	26
Pretax Income	330	367	260
Income Tax	70	74	36
Net Income	260	293	224
Net Income Growth	-11.26%	30.80%	-
Shares Outstanding (Basic)	200	200	37
Shares Outstanding (Diluted)	200	200	37
Shares Change	-	443.28%	-
EPS (Basic)	1.30	1.47	6.08
EPS (Diluted)	1.30	1.47	6.08
EPS Growth	-11.56%	-75.82%	-
Free Cash Flow	252	208	314
Free Cash Flow Per Share	1.26	1.04	8.53
Gross Margin	47.80%	47.90%	46.84%
Operating Margin	13.74%	16.35%	11.40%
Profit Margin	9.71%	11.63%	8.90%
Free Cash Flow Margin	9.41%	8.25%	12.48%
Effective Tax Rate	21.21%	20.16%	13.85%
EBITDA	519	519	403
EBITDA Margin	19.38%	20.60%	16.01%
Depreciation & Amortization	154	135	142
EBIT	365	384	261
EBIT Margin	13.63%	15.24%	10.37%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).