Ulta Beauty, Inc. (ULTA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 261.89M | 1.19B | 4.88M | 96.52M | 220.02M | 1.04B | -56.84M | 199.54M | 159.34M | 1.12B | -70.8M | 123.91M | 304.9M | 908.49M | 32.76M | 114.36M | 426.3M | 644.41M | 13.44M | 71.35M |
| Operating CF Margin % | 8.28% | 30.43% | 0.17% | 3.46% | 7.72% | 29.72% | -2.25% | 7.82% | 5.85% | 31.46% | -2.84% | 4.9% | 11.57% | 28.15% | 1.4% | 4.98% | 18.17% | 23.61% | 0.67% | 3.63% |
| Operating CF Growth % | 19.03% | 14.44% | 108.58% | -51.63% | 38.08% | -7.31% | 19.72% | 61.04% | -47.74% | 23.09% | -316.11% | 8.34% | -28.48% | 40.98% | 143.67% | 60.29% | 29.16% | 16.89% | -94.47% | 77.01% |
| Net Income | 340.47M | 587.55M | 230.88M | 260.88M | 305.05M | 393.27M | 242.18M | 252.56M | 313.11M | 394.37M | 249.48M | 300.1M | 347.05M | 340.75M | 274.58M | 295.68M | 331.39M | 289.37M | 215.29M | 250.89M |
| Depreciation & Amortization | 81.4M | 157.57M | 75.79M | 71.17M | 72.03M | 69.97M | 67.02M | 65.31M | 64.74M | 62.57M | 61.41M | 61.91M | 57.95M | 59.19M | 58.46M | 60.88M | 62.84M | 63.73M | 65.16M | 68.98M |
| Stock-Based Compensation | 10.49M | 17.09M | 9.99M | 8.92M | 11.42M | 15.1M | 8.42M | 9.19M | 10.08M | 14.77M | 11.94M | 11.82M | 9.72M | 10.49M | 9.68M | 12.52M | 10.36M | 9.04M | 19.12M | 10.12M |
| Deferred Taxes | 2.94M | -5.47M | -3.85M | -1.19M | 3.42M | -49.14M | 3.27M | -1.09M | 3.63M | 29.05M | 862K | -1.48M | 2.14M | 16.72M | -1.4M | -673K | 1.01M | -27.57M | 2.73M | -1.95M |
| Other Non-Cash Items | -3.4M | 694.02M | 80.03M | 96.82M | 92.63M | 78.97M | 74.55M | 87.77M | 80.91M | 105.09M | 82.34M | 79.82M | 76.93M | 82.16M | 77.91M | 75.33M | 73.19M | 72.21M | 70.15M | 69.25M |
| Working Capital Changes | -170M | -264.53M | -387.96M | -340.07M | -264.53M | 528.39M | -452.27M | -214.2M | -313.14M | 512.41M | -476.83M | -328.26M | -188.89M | 399.18M | -386.48M | -329.38M | -52.49M | 237.63M | -359M | -325.95M |
| Change in Receivables | 47.96M | -71.18M | -12.94M | 1.61M | -1.81M | -9.71M | -12.76M | 2.6M | 4.48M | -5.07M | -28.42M | 15.84M | 9.14M | 882K | -19.79M | 12.24M | 40.93M | -64.47M | -14.8M | -74K |
| Change in Inventory | -206.01M | 230.29M | -336.59M | -212.79M | -153.31M | 396.97M | -366.9M | -92.25M | -163.9M | 579.17M | -505.77M | -64.3M | -147.78M | 511.22M | -448.54M | -95.58M | -71.33M | 417.13M | -472.66M | -90.12M |
| Change in Payables | 21.76M | -9.05M | 25.8M | 123.03M | -24.92M | -23.91M | 24.5M | 103.78M | -74.07M | -62.69M | 80.57M | -101.01M | 62.26M | -85.91M | 54.16M | -2.54M | 42.59M | -199.95M | 206.74M | -17.22M |
| Cash from Investing | -48.23M | -371.44M | -95.59M | -473.53M | -86.38M | -76.44M | -115.25M | -97.81M | -93.59M | -125.53M | -109.47M | -96.36M | -110.08M | -107.56M | -85.28M | -49.88M | -71.87M | -68.07M | -51.11M | -22.74M |
| Capital Expenditures | -58.28M | -278.84M | -87.27M | -76.96M | -79.03M | -73.92M | -114.23M | -95.28M | -91.02M | -124.24M | -106.28M | -94.98M | -109.77M | -108.17M | -83.46M | -49.42M | -71.08M | -63.77M | -51.11M | -22.74M |
| CapEx % of Revenue | 1.84% | 7.15% | 3.05% | 2.76% | 2.77% | 2.12% | 4.52% | 3.73% | 3.34% | 3.5% | 4.27% | 3.75% | 4.17% | 3.35% | 3.57% | 2.15% | 3.03% | 2.34% | 2.56% | 1.16% |
| Acquisitions | 0 | -20K | 0 | -386.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 10.05M | -15.23M | 0 | 0 | 0 | -2.52M | -1.02M | 0 | 0 | -1.29M | -3.18M | 0 | 0 | 610K | -1.82M | 0 | 0 | -4.3M | 0 | 0 |
| Cash from Financing | -471.42M | -633.58M | 52.89M | 165.13M | -382.22M | -434.7M | -64.09M | -212.37M | -307.75M | -347.95M | -86.55M | -275.37M | -296.25M | -313.69M | -131.08M | -284.75M | -131.5M | -749.84M | -127.42M | -225.92M |
| Debt Issued (Net) | 83.33M | 0 | 262.62M | 260.54M | 0 | 0 | 199.7M | 0 | 0 | 0 | 195.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -543.96M | -382.7M | -209.73M | -109.78M | -382.7M | -238.14M | -263.72M | -212.51M | -303.8M | -155.42M | -282.11M | -275.59M | -305.18M | -328.38M | -137.88M | -302.77M | -138.01M | -759.92M | -134.91M | -243.69M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -557.09M | -382.7M | -224.99M | -109.78M | -382.7M | -238.14M | -263.72M | -212.51M | -312.71M | -155.42M | -282.11M | -275.59M | -305.18M | -328.38M | -137.88M | -302.77M | -138.01M | -759.92M | -134.91M | -243.69M |
| Other Financing | -10.79M | -250.88M | 0 | 14.37M | 481K | -196.56M | -67K | 145K | -3.95M | -192.53M | 155K | 220K | 8.93M | 14.69M | 6.8M | 18.02M | 6.5M | 10.09M | 7.49M | 17.78M |
| Net Change in Cash | -257.94M | 181.5M | -37.82M | -211.88M | -248.57M | 525.42M | -236.18M | -110.63M | -242M | 644.78M | -266.82M | -247.82M | -101.43M | 487.25M | -183.6M | -220.26M | 222.93M | -173.49M | -165.09M | -177.31M |
| Free Cash Flow | 203.62M | 907.4M | -82.4M | 19.57M | 140.99M | 962.64M | -171.07M | 104.26M | 68.32M | 994.02M | -177.08M | 28.93M | 195.13M | 800.32M | -50.7M | 64.94M | 355.23M | 580.64M | -37.67M | 48.6M |
| FCF Margin % | 6.44% | 23.28% | -2.88% | 0.7% | 4.95% | 27.6% | -6.76% | 4.09% | 2.51% | 27.97% | -7.11% | 1.14% | 7.41% | 24.8% | -2.17% | 2.83% | 15.14% | 21.27% | -1.89% | 2.47% |
| FCF Growth % | 44.42% | -5.74% | 51.84% | -81.23% | 106.38% | -3.16% | 3.39% | 260.46% | -64.99% | 24.2% | -249.25% | -55.46% | -45.07% | 37.84% | -34.6% | 33.61% | 20.21% | 12.49% | -118.52% | 936.11% |
| FCF per Share | 4.63 | 20.17 | -1.84 | 0.43 | 3.10 | 20.71 | -3.63 | 2.19 | 1.41 | 20.37 | -3.60 | 0.58 | 3.87 | 15.70 | -0.99 | 1.25 | 6.76 | 10.85 | -0.69 | 0.88 |
| FCF Conversion (FCF/Net Income) | 0.77x | 3.33x | 0.02x | 0.37x | 0.72x | 2.64x | -0.23x | 0.79x | 0.51x | 2.84x | -0.28x | 0.41x | 0.88x | 2.67x | 0.12x | 0.39x | 1.29x | 2.23x | 0.06x | 0.28x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.38M | 51.7M | -50.61M | 2.08M | 22.23M | 29.63M | 540K | -8.47M | 533K | 524K | 538K | 537K | 531K |
| Taxes Paid | 3.51M | 0 | 74.35M | 245M | 7.02M | 69.27M | 83.54M | 228.19M | 5.06M | 61.41M | 77.64M | 186.35M | 2.82M | 90.56M | 92.65M | 243.28M | 3.36M | 69.33M | 84.48M | 215.11M |