UL Solutions Inc. (ULS)

UL Solutions Balance Sheet

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

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

Source: S&P Capital IQ. Standard template. Financial Sources.