Ultra Clean Holdings, Inc.
For the period ended Dec 26, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
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Balance Sheet Information
- BALANCE SHEET INFORMATION
Accounts Receivable Factoring Agreements
The Company has receivables factoring arrangements, pursuant to which certain receivables are sold to banks without recourse in exchange for cash. Transactions under the receivables factoring arrangements are accounted for as sales under ASC 860, Transfers and Servicing of Financial Assets, with the sold receivables removed from the Company’s balance sheet. Under these receivables factoring arrangements, the Company does not maintain any beneficial interest in the receivables sold. The banks’ purchase of eligible receivables is subject to a maximum amount of uncollected receivables. The Company services the receivables on behalf of the banks, but otherwise maintains no significant continuing involvement with respect to the receivables. Sale proceeds that are representative of the fair value of factored receivables, less a factoring fee, are reflected in cash flows from operating activities on the Consolidated Statements of Cash Flows. The Company did not receive any sale proceeds in excess of the fair value of factored receivables during the periods presented.
The Company hadtwo receivables factoring arrangements during fiscal year 2025. One arrangement allows factoring of up to $25.0 million of uncollected receivables originated within the United States. The second arrangement allowed factoring of up to $12.0 million of uncollected receivables originated within the EMEA and Asia Pacific regions and was cancelled in December 2025. During fiscal year 2025, the Company received cash proceeds of $56.4 million and $11.6 million, respectively, from the sales of accounts receivables under these arrangements. As of December 26, 2025, $17.1 million of receivables factored under these arrangements had been sold and removed from the Company’s Consolidated Balance Sheets.
Inventories
Inventories consisted of the following:
| (In millions) | December 26,2025 | December 27,2024 |
|---|---|---|
| Raw materials | $208.3 | $195.4 |
| Work in process | 148.4 | 130.8 |
| Finished goods | 34.2 | 54.8 |
| Total | $390.9 | $381.0 |
Property, plant and equipment, net
Property, plant and equipment, net, consisted of the following:
| (In millions) | Useful Life(In years) | December 26,2025 | December 27,2024 |
|---|---|---|---|
| Land | n/a | $5.9 | $5.7 |
| Buildings | 50 | 54.3 | 52.2 |
| Leasehold improvements | * | 148.1 | 138.7 |
| Machinery and equipment | 5 - 10 | 236.8 | 222.4 |
| Computer equipment and software | 3 - 10 | 95.9 | 78.2 |
| Furniture and fixtures | 5 | 4.2 | 4.8 |
| 545.2 | 502.0 | ||
| Accumulated depreciation | (243.0) | (214.0) | |
| Construction in progress | 22.4 | 37.9 | |
| Total | $324.6 | $325.9 | |
- Lesser of estimated useful life or remaining lease term
In fiscal year 2025, the Company received anasset-related government grant of $2.9 million.
Capitalized interest was not significant for the fiscal years ended December 26, 2025, December 27, 2024 and December 29, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.