UL Solutions Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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, 2026 · Filed May 5, 2026
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 Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Operating activities | ||
| Net income | $97 | $71 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 47 | 45 |
| Stock-based compensation | 12 | 8 |
| Losses on foreign exchange transactions | 1 | 3 |
| Deferred income taxes | — | 1 |
| Other, net | 4 | 6 |
| Changes in assets and liabilities, excluding the effects of acquisitions and divestitures: | ||
| Accounts receivable | (87) | (81) |
| Contract and other assets | (16) | (25) |
| Accounts payable | (2) | (23) |
| Accrued expenses | (93) | (89) |
| Pension and postretirement benefit plans | (1) | (3) |
| Contract and other liabilities | 257 | 241 |
| Net cash flows provided by operating activities | 219 | 154 |
| Investing activities | ||
| Capital expenditures | (69) | (51) |
| Sales of investments | 8 | — |
| Other investing activities, net | — | 1 |
| Net cash flows used in investing activities | (61) | (50) |
| Financing activities | ||
| Proceeds from long-term debt | 187 | 62 |
| Repayments of long-term debt | (321) | (152) |
| Dividends to stockholders of UL Solutions | (29) | (26) |
| Dividends to non-controlling interest | (20) | (17) |
| Employee taxes paid on settlement of stock-based compensation | (9) | — |
| Other financing activities, net | (2) | (2) |
| Net cash flows used in financing activities | (194) | (135) |
| Effect of exchange rate changes on cash and cash equivalents | (1) | — |
| Net decrease in cash and cash equivalents | (37) | (31) |
| Cash and cash equivalents | ||
| Beginning of period | 295 | 298 |
| End of period | $258 | $267 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for interest | $3 | $7 |
| Cash paid during the period for income taxes | 19 | 16 |
| Noncash investing and financing activities | ||
| Capital expenditures funded by liabilities | $41 | $26 |
UL Solutions Inc.
NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.