Skip to main content
logo
Ulta Beauty, Inc. (ULTA)
NASDAQ: ULTA · Real-Time Price · USD
557.86
+16.88 (3.12%)
At close: Sep 21, 2026, 4:00 PM EDT
557.93
+0.07 (0.01%)
After-hours: Sep 21, 2026, 7:48 PM EDT

Ulta Beauty Cash Flow Statement

Millions USD. Fiscal year is Feb - Jan.

Operating Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Net Income
282.01340.47356.68230.88260.88305.05393.27242.18252.56313.11394.37249.48300.1347.05340.75274.59295.68331.4289.37215.29
Depreciation & Amortization
81.3381.481.5875.7971.1772.0369.6667.0265.3164.7461.6861.4161.9157.9558.1858.4660.8862.8462.865.16
Other Amortization
--0.2---0.31---0.89---1.01---0.93-
Loss (Gain) From Sale of Assets
3.724.683.62.713.80.894.292.082.232.985.112.432.431.452.81.621.28121.65
Loss (Gain) on Equity Investments
2.071.581.650.990.60.63--------------
Stock-Based Compensation
10.5710.497.19.998.9211.4215.18.429.1910.0814.7711.9411.829.7210.499.6812.5210.369.0419.12
Other Operating Activities
85.6394.2289.0273.2691.2494.5325.5575.7484.4581.57129.0380.7775.9177.6296.0874.973.3973.242.6471.23
Change in Accounts Receivable
-0.8347.96-58.24-12.941.61-1.81-9.71-12.762.64.48-5.07-28.4215.849.140.88-19.7912.2440.93-64.47-14.8
Change in Inventory
-20.78-206.01566.88-336.59-212.79-153.31396.97-366.9-92.25-163.9579.17-505.77-64.3-147.78511.22-448.54-95.58-71.33417.13-472.66
Change in Accounts Payable
-69.0921.76-34.8525.8123.04-24.92-23.9124.5103.78-74.07-62.6980.57-101.0162.26-85.9154.16-2.5442.59-199.95206.74
Change in Unearned Revenue
1.28-41.11152.78-6.68-37.7495.5510.05-3.74-37.8685.65-3.32-2.96-37.4682.55-4.44-8.12-28.8980.957.17
Change in Income Taxes
-168.12100.0158.82.41-159.3488.93104.59-9.15-146.3285.6535.831.34-88.81974.26-3.54-147.14101.2444.38-18.95
Change in Other Net Operating Assets
-88.09-193.57-6.83-69.42-85.91-135.68-35.09-98.01-78.28-127.44-120.48-21.23-87.02-172.05-113.8335.67-88.24-137.02-40.4-66.51
Operating Cash Flow
119.7261.891,1815.6496.52220.021,037-56.84199.54159.341,118-70.8123.91304.9908.4932.76114.36426.3644.4113.44
Operating Cash Flow Growth (YoY)
24.01%19.03%13.89%--51.63%38.08%-7.31%-61.04%-47.74%23.09%-8.34%-28.48%40.98%143.67%60.30%29.16%16.89%-94.47%

Investing Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Capital Expenditures
-81.26-58.28-191.57-87.27-76.96-79.03-73.92-114.24-95.28-91.02-124.24-106.28-94.98-109.77-108.17-83.46-49.42-71.08-63.77-51.11
Cash Acquisitions
---0.02--386.79---------------
Investment in Securities
-4.510.05-84.26-8.32-9.78-7.35-2.52-1.02-2.53-2.56-1.29-3.18-1.37-0.310.61-1.82-0.45-0.8-4.3-
Investing Cash Flow
-85.76-48.23-275.85-95.59-473.53-86.38-76.45-115.25-97.81-93.59-125.53-109.47-96.36-110.08-107.56-85.28-49.88-71.87-68.07-51.11

Financing Activities

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Short-Term Debt Issued
-115.58------------------
Total Debt Issued
1,243115.58573.041,048593.64--199.7---195.4--------
Short-Term Debt Repaid
--32.25------------------
Total Debt Repaid
-1,048-32.25-1,064-785.58-333.1--199.7----195.4---------
Net Debt Issued (Repaid)
194.9183.33-490.59262.62260.54--199.7199.7---195.4195.4--------
Issuance of Common Stock
11.551.352.4615.2514.370.483.1400.288.912.870.160.228.9314.696.818.026.510.097.49
Repurchase of Common Stock
-247.96-556.1-197.57-224.99-109.78-382.7-238.14-263.72-212.51-312.71-155.42-282.11-275.59-305.18-328.38-137.88-302.77-138.01-759.92-134.91
Other Financing Activities
----0.76----0.07-0.14-3.95----------
Financing Cash Flow
-41.49-471.42-685.752.12165.13-382.22-434.7-64.09-212.37-307.75-347.95-86.55-275.37-296.25-313.69-131.08-284.75-131.5-749.84-127.42

Net Cash Flow

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Foreign Exchange Rate Adjustments
-0.3-0.190.27-----------------
Net Cash Flow
-7.85-257.94219.32-37.82-211.88-248.57525.42-236.18-110.63-242644.78-266.82-247.82-101.43487.25-183.6-220.26222.93-173.49-165.09

Free Cash Flow

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Free Cash Flow
38.44203.62989.03-81.6319.57140.99962.64-171.07104.2668.32994.02-177.0828.93195.14800.32-50.764.94355.23580.64-37.67
Free Cash Flow Growth (YoY)
96.46%44.42%2.74%--81.23%106.38%-3.16%-260.46%-64.99%24.20%--55.46%-45.07%37.84%-33.61%20.21%12.49%-
Free Cash Flow Margin
1.27%6.44%25.37%-2.86%0.70%4.95%27.60%-6.76%4.08%2.51%27.97%-7.12%1.14%7.41%24.80%-2.17%2.83%15.14%21.27%-1.89%
Free Cash Flow Per Share
0.894.6322.21-1.820.433.1020.71-3.632.191.4120.37-3.600.583.8715.70-0.991.256.7610.85-0.69
Levered Free Cash Flow
-29.7157.59869.19-83.428.4182.8944.96-210.2458.25-18.18897.2-218.090.48103.38741.5-8141.37287.09564.12-67.63
Unlevered Free Cash Flow
-27.4157.59870.83-80.8228.4182.8944.96-210.2458.25-18.18897.2-218.090.48103.38741.5-8141.37287.34564.41-67.38

Additional Metrics

Fiscal Quarter
Q2 2027Q1 2027Q4 2026Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022
Period Ending
Aug '26 May '26 Jan '26 Nov '25 Aug '25 May '25 Feb '25 Nov '24 Aug '24 May '24 Feb '24 Oct '23 Jul '23 Apr '23 Jan '23 Oct '22 Jul '22 Apr '22 Jan '22 Oct '21
Cash Interest Paid
--9.67---4.16---3.33---2.14---0.540.54
Cash Income Tax Paid
260.763.5155.4574.352457.0269.2783.54228.195.0661.4177.64186.352.8290.5692.65243.283.3669.3384.48
Change in Working Capital
-345.63-270.95640.76-387.96-340.07-264.53528.4-452.27-214.2-313.14512.41-476.83-328.26-188.89399.18-386.48-329.38-52.49237.64-359
SEC Filings: 10-K · 10-Q