UL Solutions Inc. (ULS)

UL Solutions Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	267	298	315	322	1,328	971
Short-Term Investments	-	-	-	51	47	-
Cash & Short-Term Investments	267	298	315	373	1,375	971
Cash Growth	-22.38%	-5.40%	-15.55%	-72.87%	41.61%	-
Accounts Receivable	666	562	541	547	557	566
Other Receivables	-	24	49	40	-	-
Receivables	666	586	590	587	557	566
Prepaid Expenses	-	33	35	33	61	-
Other Current Assets	65	4	13	5	6	57
Total Current Assets	998	921	953	998	1,999	1,594
Property, Plant & Equipment	813	817	706	637	602	609
Long-Term Investments	36	36	42	62	44	409
Goodwill	641	633	623	647	621	593
Other Intangible Assets	179	185	211	200	196	209
Long-Term Deferred Tax Assets	108	108	110	128	166	118
Other Long-Term Assets	103	100	91	48	34	19
Total Assets	2,878	2,800	2,736	2,720	3,662	3,551
Accounts Payable	143	182	169	153	179	131
Accrued Expenses	164	254	281	311	383	315
Short-Term Debt	-	-	-	-	-	3
Current Portion of Long-Term Debt	-	50	-	-	-	-
Current Portion of Leases	40	38	39	42	36	42
Current Income Taxes Payable	-	-	-	-	-	50
Current Unearned Revenue	400	162	162	142	135	129
Other Current Liabilities	57	54	58	46	59	-
Total Current Liabilities	804	740	709	694	792	670
Long-Term Debt	653	692	904	499	-	-
Long-Term Leases	150	155	120	119	118	116
Long-Term Deferred Tax Liabilities	-	-	-	-	-	13
Other Long-Term Liabilities	92	86	93	85	84	66
Total Liabilities	1,894	1,869	2,058	1,643	1,330	1,279
Additional Paid-In Capital	829	821	776	1,009	1,009	1,009
Retained Earnings	291	250	24	211	1,518	1,494
Comprehensive Income & Other	-150	-167	-146	-166	-216	-251
Total Common Equity	970	904	654	1,054	2,311	2,252
Minority Interest	14	27	24	23	21	20
Shareholders' Equity	984	931	678	1,077	2,332	2,272
Total Liabilities & Equity	2,878	2,800	2,736	2,720	3,662	3,551
Total Debt	843	935	1,063	660	154	161
Net Cash (Debt)	-576	-637	-748	-287	1,221	810
Net Cash Growth	-	-	-	-	50.74%	-
Net Cash Per Share	-2.86	-3.17	-3.74	-1.44	33.17	-
Filing Date Shares Outstanding	200.5	200.17	200	200	200	-
Total Common Shares Outstanding	200.18	200.17	200	200	200	-
Working Capital	194	181	244	304	1,207	924
Book Value Per Share	4.85	4.52	3.27	5.27	11.55	-
Tangible Book Value	150	86	-180	207	1,494	1,450
Tangible Book Value Per Share	0.75	0.43	-0.90	1.03	7.47	-
Land	-	41	42	38	31	32
Buildings	-	451	364	347	350	355
Machinery	-	729	714	687	663	619
Leasehold Improvements	-	182	172	141	129	126

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

SEC Filings: 10-K · 10-Q