| Cash Flow | 2025-11-01 | 2025-08-02 | 2025-05-03 | 2024-11-02 |
|---|---|---|---|---|
| Net income | 796,802 | 565,927 | 305,052 | 807,848 |
| Depreciation and amortization | 218,985 | 143,198 | 72,033 | 197,075 |
| Non-cash lease expense | 260,632 | 183,528 | 91,105 | 235,950 |
| Deferred income taxes | 1,613 | -2,232 | -3,420 | -5,808 |
| Stock-based compensation expense | 30,324 | 20,338 | 11,418 | 27,691 |
| Loss on disposal of property and equipment | -7,398 | -4,689 | -892 | -7,280 |
| Equity net loss of affiliate | 2,210 | 1,225 | -628 | - |
| Receivables | 13,138 | 198 | 1,812 | 5,682 |
| Merchandise inventories | 702,678 | 366,091 | 153,305 | 623,050 |
| Prepaid expenses and other current assets | 14,088 | 21,657 | 9,283 | 19,916 |
| Income taxes | -67,994 | -70,406 | 88,934 | -69,818 |
| Accounts payable | 123,911 | 98,115 | -24,920 | 54,210 |
| Accrued liabilities | 6,567 | -3,881 | -32,716 | -45,777 |
| Deferred revenue | -41,642 | -44,418 | -37,742 | -31,551 |
| Operating lease liabilities | -261,864 | -180,316 | -88,100 | -250,267 |
| Other assets and liabilities | 21,628 | 15,742 | 5,583 | -12,240 |
| Net cash provided by operating activities | 322,184 | 316,543 | 220,021 | 302,041 |
| Capital expenditures | 243,262 | 155,988 | 79,031 | 300,536 |
| Acquisitions, net of cash acquired | 386,793 | 386,793 | - | - |
| Other investments | 25,445 | 17,130 | 7,346 | 6,108 |
| Net cash used in investing activities | -655,500 | -559,911 | -86,377 | -306,644 |
| Borrowings from credit facility | - | 593,641 | - | 199,700 |
| Borrowings from short-term debt | 1,641,844 | - | - | - |
| Payments on credit facility | - | 333,100 | - | - |
| Payments on short-term debt | 1,118,683 | - | - | - |
| Repurchase of common shares | 703,960 | 479,242 | 369,786 | 765,384 |
| Stock options exercised | 30,103 | 14,851 | 481 | 9,200 |
| Purchase of treasury shares | 13,505 | 13,238 | 12,911 | 23,566 |
| Debt issuance costs | 763 | - | - | 4,159 |
| Net cash used in financing activities | -164,964 | -217,088 | -382,216 | -584,209 |
| Net decrease in cash and cash equivalents | -498,280 | -460,456 | -248,572 | -588,812 |
| Cash and cash equivalents at beginning of period | 703,201 | 703,201 | 703,201 | 766,594 |
| Cash and cash equivalents at end of period | 204,921 | 242,745 | 454,629 | 177,782 |
Ulta Beauty, Inc. (ULTA)
Ulta Beauty, Inc. (ULTA)