For the quarter ending 2025-11-01, ULTA had -$37,824K decrease in cash & cash equivalents over the period. -$81,633K in free cash flow.
| Cash Flow | 2025-11-01 | 2025-08-02 | 2025-05-03 | 2025-02-01 |
|---|---|---|---|---|
| Net sales | - | - | - | 11,295,654 |
| Cost of sales | - | - | - | 6,908,401 |
| Associate expenses, net | - | - | - | 1,459,231 |
| Advertising expense, net | - | - | - | 431,455 |
| Pre-opening expenses | - | - | - | 13,689 |
| Other segment expenses | - | - | - | 917,906 |
| Interest income, net | - | - | - | 15,094 |
| Income tax expense | - | - | - | 378,948 |
| Net income | 230,875 | 260,875 | 305,052 | 393,270 |
| Depreciation and amortization | 75,787 | 71,165 | 72,033 | 69,967 |
| Non-cash lease expense | 77,104 | 92,423 | 91,105 | 74,686 |
| Deferred income taxes | 3,845 | 1,188 | -3,420 | 49,136 |
| Stock-based compensation expense | 9,986 | 8,920 | 11,418 | 15,096 |
| Loss on disposal of property and equipment | -2,709 | -3,797 | -892 | -4,286 |
| Equity net loss of affiliate | 985 | 1,225 | -628 | - |
| Receivables | 12,940 | -1,614 | 1,812 | 9,713 |
| Merchandise inventories | 336,587 | 212,786 | 153,305 | -396,972 |
| Prepaid expenses and other current assets | -7,569 | 12,374 | 9,283 | -6,401 |
| Income taxes | 2,412 | -159,340 | 88,934 | 104,590 |
| Accounts payable | 25,796 | 123,035 | -24,920 | -23,913 |
| Accrued liabilities | 10,448 | 28,835 | -32,716 | 52,080 |
| Deferred revenue | 2,776 | -6,676 | -37,742 | 95,545 |
| Operating lease liabilities | -81,548 | -92,216 | -88,100 | -83,568 |
| Other assets and liabilities | 5,886 | 10,159 | 5,583 | 9,999 |
| Net cash provided by operating activities | 5,641 | 96,522 | 220,021 | 1,036,564 |
| Capital expenditures | 87,274 | 76,957 | 79,031 | 73,922 |
| Acquisitions, net of cash acquired | 0 | 386,793 | - | - |
| Other investments | 8,315 | 9,784 | 7,346 | 2,523 |
| Net cash used in investing activities | -95,589 | -473,534 | -86,377 | -76,445 |
| Borrowings from credit facility | - | 593,641 | - | 0 |
| Borrowings from short-term debt | 1,446,444 | - | - | - |
| Payments on credit facility | - | 333,100 | - | 199,700 |
| Payments on short-term debt | 1,118,683 | - | - | - |
| Repurchase of common shares | 224,718 | 109,456 | 369,786 | 237,944 |
| Stock options exercised | 15,252 | 14,370 | 481 | 3,139 |
| Purchase of treasury shares | 267 | 327 | 12,911 | 195 |
| Debt issuance costs | 763 | - | - | 0 |
| Net cash used in financing activities | 52,124 | 165,128 | -382,216 | -434,700 |
| Net decrease in cash and cash equivalents | -37,824 | -211,884 | -248,572 | 525,419 |
| Cash and cash equivalents at beginning of period | 242,745 | 454,629 | 703,201 | 177,782 |
| Cash and cash equivalents at end of period | 204,921 | 242,745 | 454,629 | 703,201 |
Ulta Beauty, Inc. (ULTA)
Ulta Beauty, Inc. (ULTA)