ULS: the cashflow

MyFinsight

For the year ending 2025-12-31, ULS had -$3M decrease in cash & cash equivalents over the period. $403M in free cash flow.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net income	345
Depreciation and amortization	188
Stock-based compensation	47
Charged to costs and expenses	11
Goodwill impairment	0
Gains on divestitures	0
Losses on foreign exchange transactions	-10
Deferred income taxes	2
Other, net	-8
Accounts receivable	32
Contract and other assets	22
Accounts payable	-13
Accrued expenses	80
Pension and postretirement benefit plans	-35
Contract and other liabilities	11
Net cash flows provided by operating activities	600
Capital expenditures	197
Acquisitions, net of cash acquired	1
Proceeds from divestitures	0
Purchases of investments	58
Sales of investments	51
Other investing activities, net	-1
Net cash flows used in investing activities	-204
Proceeds from long-term debt	792
Repayments of long-term debt	1,045
Dividends to stockholders of ul solutions	104
Dividends to non-controlling interest	17
Payment, tax withholding, share-based payment arrangement	15
Other financing activities, net	-7
Net cash flows used in financing activities	-396
Effect of exchange rate changes on cash and cash equivalents	-3
Net decrease in cash and cash equivalents	-3

Unit: Million (M) dollars