UL Solutions Inc.

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

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, 2025 · Filed May 6, 2025

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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Contents

Condensed Consolidated Balance Sheets

(in millions, except share and per share data)	March 31, 2025	December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$267	$298
Accounts receivable, net of allowance of $12 and $9	463	380
Contract assets, net of allowance of $2 and $1	203	182
Other current assets	65	61
Total current assets	998	921
Property, plant and equipment, net of accumulated depreciation of $803 and $772	631	631
Goodwill	641	633
Intangible assets, net of accumulated amortization of $243 and $239	56	58
Operating lease right-of-use assets	182	186
Deferred income taxes	108	108
Capitalized software, net of accumulated amortization of $444 and $427	123	127
Other assets	139	136
Total Assets	$2,878	$2,800
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt	$—	$50
Accounts payable	143	182
Accrued compensation and benefits	164	254
Operating lease liabilities - current	40	38
Contract liabilities	400	162
Other current liabilities	57	54
Total current liabilities	804	740
Long-term debt	653	692
Pension and postretirement benefit plans	195	196
Operating lease liabilities	150	155
Other liabilities	92	86
Total Liabilities	1,894	1,869
Commitments and contingencies (Note 15)
Stockholders’ equity:
Class A common stock, $0.001 per share, 62,049,240 and 62,044,493 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	—	—
Class B common stock, $0.001 per share, 138,130,000 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	—	—
Additional paid-in capital	829	821
Retained earnings	291	250
Accumulated other comprehensive loss	(150)	(167)
Total stockholders’ equity before non-controlling interests	970	904
Non-controlling interests	14	27
Total Stockholders’ Equity	984	931
Total Liabilities and Stockholders’ Equity	$2,878	$2,800

UL Solutions Inc.

Condensed Consolidated Statements of Stockholders’ Equity

(Unaudited)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.