UL Solutions Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
View on SEC.govAbout 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.
Sep 30, 2026 · Filed Nov 3, 2026
ULS$81.56+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| (in millions) | 2026 | 2025 |
| Operating activities | ||
| Net income | $469 | $274 |
| Adjustments to reconcile net income to net cash flows provided by operating activities: | ||
| Depreciation and amortization | 142 | 137 |
| Gain on divestiture | (191) | — |
| Stock-based compensation | 58 | 36 |
| Losses on foreign exchange transactions | 3 | 7 |
| Deferred income taxes | 43 | 5 |
| Other, net | 11 | 18 |
| Changes in assets and liabilities, excluding the effects of acquisitions and divestitures: | ||
| Accounts receivable | (44) | 4 |
| Contract and other assets | (41) | (62) |
| Accounts payable | (2) | (23) |
| Accrued expenses | 42 | 8 |
| Pension and postretirement benefit plans | (8) | (33) |
| Contract and other liabilities | 112 | 85 |
| Net cash flows provided by operating activities | 594 | 456 |
| Investing activities | ||
| Capital expenditures | (199) | (139) |
| Acquisitions, net of cash acquired | (4) | (1) |
| Proceeds from divestiture | 199 | — |
| Purchases of investments | — | (58) |
| Sales of investments | 8 | 15 |
| Net cash flows provided by (used in) investing activities | 4 | (183) |
| Financing activities | ||
| Proceeds from long-term debt | 724 | 284 |
| Repayments of long-term debt | (452) | (484) |
| Dividends to stockholders of UL Solutions | (88) | (78) |
| Dividends to non-controlling interest | (20) | (17) |
| Employee taxes paid on settlement of stock-based compensation | (33) | (14) |
| Other financing activities, net | (3) | (5) |
| Net cash flows provided by (used in) financing activities | 128 | (314) |
| Effect of exchange rate changes on cash and cash equivalents | (5) | (2) |
| Net increase (decrease) in cash and cash equivalents | 721 | (43) |
| Cash and cash equivalents | ||
| Beginning of period | 295 | 298 |
| End of period | $1,016 | $255 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for interest | $14 | $26 |
| Cash paid during the period for income taxes | 73 | 69 |
| Noncash investing and financing activities | ||
| Capital expenditures funded by liabilities | $45 | $33 |
| Conversion of stock-based compensation awards to equity | 47 | 25 |
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.