UL Solutions Inc
For the period ended Mar 31, 2024. Filed May 20, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 20, 2024
ULS$81.19+3.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| (in millions, except per share data) | March 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $344 | $315 |
| Accounts receivable, net of allowance of $11 and $9 | 429 | 362 |
| Contract assets, net of allowance of $1 and $1 | 193 | 179 |
| Other current assets | 85 | 97 |
| Total current assets | 1,051 | 953 |
| Property, plant and equipment, net of accumulated depreciation of $750 and $737 | 555 | 555 |
| Goodwill | 618 | 623 |
| Intangible assets, net of accumulated amortization of $232 and $232 | 66 | 72 |
| Operating lease right-of-use assets | 147 | 151 |
| Deferred income taxes | 112 | 110 |
| Capitalized software, net of accumulated amortization of $395 and $382 | 136 | 139 |
| Other assets | 134 | 133 |
| Total Assets | $2,819 | $2,736 |
| Liabilities and Stockholder’s Equity | ||
| Current liabilities: | ||
| Accounts payable | $156 | $169 |
| Accrued compensation and benefits | 170 | 281 |
| Operating lease liabilities - current | 37 | 39 |
| Contract liabilities | 385 | 162 |
| Other current liabilities | 81 | 58 |
| Total current liabilities | 829 | 709 |
| Long-term debt | 867 | 904 |
| Pension and postretirement benefit plans | 227 | 232 |
| Operating lease liabilities | 116 | 120 |
| Other liabilities | 97 | 93 |
| Total Liabilities | 2,136 | 2,058 |
| Commitments and contingencies (Note 15) | ||
| Stockholder’s equity: | ||
| Common stock, $0.001 per share, 200 million shares issued and outstanding at March 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 776 | 776 |
| Retained earnings | 55 | 24 |
| Accumulated other comprehensive loss | (160) | (146) |
| Total stockholder’s equity before non-controlling interests | 671 | 654 |
| Non-controlling interests | 12 | 24 |
| Total Stockholder’s Equity | 683 | 678 |
| Total Liabilities and Stockholder’s Equity | $2,819 | $2,736 |
UL Solutions Inc.
Condensed Consolidated Statements of Stockholder's Equity
(Unaudited)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.