Ulta Beauty, Inc. (ULTA)

Ulta Beauty Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 1, 2025	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021
Net Income	1,190	1,201	1,291	1,242	985.84	175.84
Depreciation & Amortization	288.65	266.74	242.95	240.36	267.53	296.85
Other Amortization	0.31	0.31	0.89	1.01	0.93	0.93
Loss (Gain) From Sale of Assets	11.68	11.57	11.42	6.69	5.36	6.83
Asset Writedown & Restructuring Costs	-	-	-	-	-	72.53
Stock-Based Compensation	45.42	42.79	48.25	43.04	47.26	27.58
Other Operating Activities	284.57	267.31	363.33	317.57	250.56	244.06
Change in Accounts Receivable	-22.85	-15.4	-8.52	34.26	-40.57	-53.77
Change in Inventory	-305.71	-226.08	-138.69	-104.23	-331	125.49
Change in Accounts Payable	100	30.3	-20.87	8.31	66.16	62.32
Change in Unearned Revenue	53.9	63.99	41.91	41.1	79.2	36.85
Change in Income Taxes	36.6	34.77	45.37	-45.18	-35.65	58.92
Change in Other Net Operating Assets	-326.1	-338.81	-400.78	-303.41	-236.34	-244.06
Operating Cash Flow	1,359	1,339	1,476	1,482	1,059	810.36
Operating Cash Flow Growth	-4.33%	-9.32%	-0.38%	39.90%	30.72%	-26.42%
Capital Expenditures	-317.18	-374.46	-435.27	-312.13	-172.19	-151.87
Cash Acquisitions	-386.79	-	-	-	-	-1.22
Investment in Securities	-27.97	-8.63	-6.16	-2.46	-4.3	104.34
Investing Cash Flow	-731.95	-383.09	-441.43	-314.58	-176.48	-48.75
Short-Term Debt Issued	-	199.7	195.4	-	-	-
Long-Term Debt Issued	-	-	-	-	-	800
Total Debt Issued	1,642	199.7	195.4	-	-	800
Short-Term Debt Repaid	-	-199.7	-195.4	-	-	-
Long-Term Debt Repaid	-	-	-	-	-	-800
Total Debt Repaid	-1,318	-199.7	-195.4	-	-	-800
Issuance of Common Stock	33.24	12.34	12.18	46.01	40.39	12.23
Repurchase of Common Stock	-955.6	-1,027	-1,018	-907.03	-1,538	-118.25
Other Financing Activities	-0.76	-4.16	-	-	-	-1.92
Financing Cash Flow	-599.66	-1,019	-1,006	-861.01	-1,497	-107.93
Foreign Exchange Rate Adjustments	-	-	-	-	-0.06	0.06
Net Cash Flow	27.14	-63.39	28.72	306.32	-614.49	653.73
Free Cash Flow	1,042	964.15	1,041	1,170	887.08	658.49
Free Cash Flow Growth	4.63%	-7.38%	-11.01%	31.87%	34.71%	-17.97%
Free Cash Flow Margin	8.69%	8.54%	9.29%	11.46%	10.28%	10.70%
Free Cash Flow Per Share	22.90	20.34	20.99	22.61	16.18	11.64
Cash Interest Paid	4.16	4.16	3.33	2.14	2.13	6.99
Cash Income Tax Paid	395.63	386.06	328.22	429.85	370.65	19.45
Levered Free Cash Flow	975.34	774.79	782.98	989.21	766.12	666.3
Unlevered Free Cash Flow	975.34	774.79	782.98	989.21	767.16	669.88
Change in Working Capital	-464.16	-451.22	-481.57	-369.16	-498.21	-14.26

Updated Dec 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q