← Ulta Beauty, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $409.8m | $555.2m | $658.6m | $705.9m | $175.8m | $985.8m | $1.2b | $1.3b | $1.2b | $1.2b | — | |
| Depreciation, Depletion and Amortization | $210.3m | $252.7m | $279.5m | $295.6m | $297.8m | $268.5m | $241.4m | $243.8m | $267.0m | $300.8m | $310.1m | |
| Amortization of Intangible Assets | — | $0 | $314k | $926k | $926k | $926k | $1.0m | $889k | $306k | — | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | $125.7m | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $241.4m | $243.8m | $267.0m | $300.8m | $310.1m | |
| Deferred Income Tax Expense (Benefit) | $26.9m | ($27.1m) | $34.1m | $5.5m | ($24.0m) | ($25.7m) | $15.7m | $30.6m | ($43.3m) | — | ($3.7m) | |
| Deferred Income Tax | — | — | — | — | — | — | $15.7m | $30.6m | ($43.3m) | ($3.2m) | ($3.7m) | |
| Deferred Tax | — | — | — | — | — | — | $15.7m | $30.6m | ($43.3m) | ($3.2m) | ($3.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $19.3m | $24.4m | $27.5m | $25.6m | $27.6m | $47.3m | $43.0m | $48.2m | $42.8m | — | $36.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | — | $42.8m | — | $36.5m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $72.5m | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | — | $0 | $0 | $3.9m | $4.8m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($369.2m) | ($481.6m) | ($451.2m) | ($351.8m) | ($358.2m) | |
| Change In Receivables | — | — | — | — | — | — | $34.3m | ($8.5m) | ($15.4m) | ($71.4m) | ($21.6m) | |
| Increase (Decrease) in Inventories | $182.2m | $152.4m | $122.0m | $79.4m | ($125.5m) | $331.0m | $104.2m | $138.7m | $226.1m | — | ($188.5m) | |
| Change In Inventory | — | — | — | — | — | — | ($104.2m) | ($138.7m) | ($226.1m) | ($135.8m) | ($188.5m) | |
| Increase (Decrease) in Accounts Payable | $63.3m | $66.2m | $78.3m | $10.0m | $62.3m | $66.2m | $8.3m | ($20.9m) | $30.3m | — | $135.7m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $56.6m | ($83.1m) | $36.6m | $197.3m | $135.7m | |
| Accrued capital expenditures | $373.4m | $440.7m | $319.4m | $298.5m | $151.9m | $172.2m | $312.1m | $435.3m | $374.5m | — | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $48.2m | ($62.2m) | $6.3m | $108.2m | $28.6m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($324.5m) | ($338.1m) | ($333.8m) | ($352.8m) | ($355.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $634.4m |
$779.4m
+22.85%
|
$956.1m
+22.68%
|
$1.1b
+15.18%
|
$810.4m
-26.42%
|
$1.1b
+30.72%
|
$1.5b
+39.90%
|
$1.5b
-0.38%
|
$1.3b
-9.32%
|
$1.5b
+12.26%
|
$1.5b
+2.79%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $373.4m | $440.7m | $319.4m | $298.5m | $151.9m | $172.2m | $312.1m | $435.3m | $374.5m | ($434.8m) | ($414.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($9.1m) | ($7.5m) | ($2.9m) | ($5.8m) | ($6.8m) | ($5.4m) | ($6.7m) | ($11.4m) | ($11.6m) | — | $19.6m | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($312.1m) | ($435.3m) | ($374.5m) | ($434.8m) | ($414.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $13.6m | — | $1.2m | — | — | — | — | — | ($386.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($273.4m) | ($530.7m) | ($215.1m) | ($471.5m) | ($48.8m) | ($176.5m) | ($314.6m) | ($441.4m) | ($383.1m) | — | ($893.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $800.0m | — | — | $195.4m | — | — | ($199.7m) | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $195.4m | $199.7m | $2.2b | $199.7m | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $195.4m | $199.7m | — | $199.7m | |
| Long Term Debt Payments | — | — | — | — | — | $0 | $0 | ($195.4m) | ($199.7m) | — | ($199.7m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $32.6m | $115.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | $0 | $0 | — | $0 | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | — | $0 | $0 | $32.6m | $115.9m | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($195.4m) | ($199.7m) | ($2.2b) | ($199.7m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | — | $195.4m | $199.7m | $2.2b | $2.3b | |
| Short Term Debt Payments | — | — | — | — | — | — | — | ($195.4m) | ($199.7m) | ($2.2b) | ($2.2b) | |
| Payments for Repurchase of Common Stock | $344.3m | $367.6m | $616.2m | $681.0m | $114.9m | $1.5b | $900.0m | $995.7m | $1.0b | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($907.0m) | ($1.0b) | ($1.0b) | ($915.0m) | ($1.1b) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($907.0m) | ($1.0b) | ($1.0b) | ($915.0m) | ($1.1b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($907.0m) | ($1.0b) | ($1.0b) | ($915.0m) | ($1.1b) | |
| Net Other Financing Charges | — | — | — | — | — | — | — | — | ($4.2m) | ($763k) | ($763k) | |
| Net Cash Provided by (Used in) Financing Activities | ($321.8m) |
($356.2m)
-10.71%
|
($609.2m)
-71.02%
|
($646.7m)
-6.16%
|
($107.9m)
+83.31%
|
($1.5b)
-1287.16%
|
($861.0m)
+42.49%
|
($1.0b)
-16.85%
|
($1.0b)
-1.27%
|
— | ($939.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $39.2m | ($107.6m) | $131.8m | ($16.9m) | $653.7m | ($614.5m) | $306.3m | $28.7m | ($63.4m) | — | $166.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $431.6m | $737.9m | $766.6m | $703.2m | $454.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $385.0m | $277.4m | $409.3m | $392.3m | $1.0b | $431.6m | $737.9m | $766.6m | $703.2m | — | $166.2m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $0 | $0 | $0 | $274k | $83k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $16.3m | $16.2m | $13.1m | $43.8m | $12.2m | $40.4m | $46.0m | $12.2m | $12.3m | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $7.0m | $2.1m | $2.1m | $3.3m | $4.2m | $9.7m | — | |
| Income Taxes Paid, Net | $212.5m | $254.6m | $195.9m | $133.9m | $19.5m | $370.6m | $429.8m | $328.2m | $386.1m | $381.8m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | $56k | ($56k) | — | — | — | — | — | |
| Goodwill | — | — | $10.9m | $10.9m | $10.9m | $10.9m | $10.9m | $10.9m | $10.9m | — | $0 | |
| Income Tax Expense (Benefit) | $246.0m | $231.6m | $200.6m | $200.2m | $55.2m | $310.0m | $401.1m | $404.6m | $378.9m | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($861.0m) | ($1.0b) | ($1.0b) | ($850.7m) | ($939.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($314.6m) | ($441.4m) | ($383.1m) | ($931.3m) | ($893.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $8.3m | ($20.9m) | $30.3m | $89.1m | $135.7m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $306.3m | $28.7m | ($63.4m) | ($279.0m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($11.8m) | $72.2m | $101.0m | $36.6m | $55.5m | |
| Change In Payable | — | — | — | — | — | — | $8.3m | ($20.9m) | $30.3m | $89.1m | $135.7m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($19.4m) | $14.6m | ($13.5m) | ($25.6m) | ($12.7m) | |
| Changes In Cash | — | — | — | — | — | — | $306.3m | $28.7m | ($63.4m) | ($279.2m) | ($288.4m) | |
| End Cash Position | — | — | — | — | — | — | $737.9m | $766.6m | $703.2m | $424.2m | $166.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($861.0m) |
($1.0b)
-16.85%
|
($1.0b)
-1.27%
|
($850.7m)
+16.51%
|
($939.9m)
-10.49%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $1.0b | $964.1m | $1.1b | $1.1b | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $6.7m | $11.4m | $11.6m | $11.0m | $14.8m | |
| Investing Cash Flow | — | — | — | — | — | — | ($314.6m) | ($441.4m) | ($383.1m) | ($931.3m) | ($893.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | ($386.8m) | ($386.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.5m) | ($6.2m) | ($8.6m) | ($109.7m) | ($92.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | $6.7m | $11.4m | $11.6m | $14.9m | $19.6m | |
| Other Non Cash Items | — | — | — | — | — | — | $301.9m | $332.8m | $310.6m | $351.3m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $46.0m | $12.2m | $12.3m | $32.6m | $33.4m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | $0 | ($386.8m) | ($386.8m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.5m) | ($6.2m) | ($8.6m) | ($109.7m) | ($107.3m) | |
| Sale Of Investment | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $43.0m | $48.2m | $42.8m | $37.4m | $36.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.