UL Solutions Inc
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
ULS$81.56+0.5%Stored close · as of Nov 10, 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) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $327 | $315 |
| Accounts receivable, net of allowance of $11 and $9 | 354 | 362 |
| Contract assets, net of allowance of $1 and $1 | 223 | 179 |
| Other current assets | 73 | 97 |
| Total current assets | 977 | 953 |
| Property, plant and equipment, net of accumulated depreciation of $771 and $737 | 602 | 555 |
| Goodwill | 651 | 623 |
| Intangible assets, net of accumulated amortization of $241 and $232 | 61 | 72 |
| Operating lease right-of-use assets | 183 | 151 |
| Deferred income taxes | 120 | 110 |
| Capitalized software, net of accumulated amortization of $425 and $382 | 133 | 139 |
| Other assets | 150 | 133 |
| Total Assets | $2,877 | $2,736 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | $37 | $— |
| Accounts payable | 138 | 169 |
| Accrued compensation and benefits | 223 | 281 |
| Operating lease liabilities - current | 37 | 39 |
| Contract liabilities | 253 | 162 |
| Other current liabilities | 57 | 58 |
| Total current liabilities | 745 | 709 |
| Long-term debt | 760 | 904 |
| Pension and postretirement benefit plans | 222 | 232 |
| Operating lease liabilities | 153 | 120 |
| Other liabilities | 101 | 93 |
| Total Liabilities | 1,981 | 2,058 |
| Commitments and contingencies (Note 17) | ||
| Stockholders’ equity: | ||
| Class A common stock, $0.001 per share, 62 million and 200 million shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | — | — |
| Class B common stock, $0.001 per share, 138 million and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 817 | 776 |
| Retained earnings | 194 | 24 |
| Accumulated other comprehensive loss | (139) | (146) |
| Total stockholders’ equity before non-controlling interests | 872 | 654 |
| Non-controlling interests | 24 | 24 |
| Total Stockholders’ Equity | 896 | 678 |
| Total Liabilities and Stockholders’ Equity | $2,877 | $2,736 |
UL Solutions Inc.
Condensed Consolidated Statements of Stockholders’ Equity
(Unaudited)
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