ULS: the cash flow

MyFinsight

For the quarter ending 2026-03-31, ULS had -$37M decrease in cash & cash equivalents over the period. $150M in free cash flow.

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Net income	97	71	106	168
Charged to costs and expenses	-	11	-	-
Goodwill impairment	-	0	-	-
Gains on divestitures	-	0	0	0
Depreciation and amortization	47	51	46	91
Stock-based compensation	12	11	15	21
Losses on foreign exchange transactions	-1	-3	-2	-5
Deferred income taxes	0	-3	4	1
Other, net	-4	10	-7	-11
Accounts receivable	87	36	-30	26
Contract and other assets	16	-40	14	48
Accounts payable	-2	10	4	-27
Accrued expenses	-93	72	46	-38
Pension and postretirement benefit plans	-1	-2	-28	-5
Contract and other liabilities	257	-74	-63	148
Net cash flows provided by operating activities	219	144	155	301
Purchases of investments	-	0	44	14
Acquisitions, net of cash acquired	-	0	0	1
Proceeds from divestitures	-	0	0	0
Capital expenditures	69	58	46	93
Sales of investments	8	36	14	1
Payment for (proceeds from) other investing activity	0	-1	-	-
Net cash flows used in investing activities	-61	-21	-76	-107
Proceeds from long-term debt	187	508	134	150
Repayments of long-term debt	321	561	199	285
Dividends to stockholders of ul solutions	29	26	26	52
Dividends to non-controlling interest	20	0	0	17
Employee taxes paid on settlement of stock-based compensation	9	1	1	13
Other financing activities, net	-2	-2	-1	-4
Net cash flows used in financing activities	-194	-82	-93	-221
Effect of exchange rate changes on cash and cash equivalents	-1	-1	-3	1
Net decrease in cash and cash equivalents	-37	40	-17	-26
Beginning of period	40	-	298	-
End of period	3	-	255	-

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.