UL Solutions Inc. (ULS) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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UL Solutions Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $160,000,000.00Net income → Operating adjustments reconciliation: $95,000,000.00Accrued expenses → Operating adjustments reconciliation: $83,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $46,000,000.00Deferred income taxes → Operating adjustments reconciliation: $41,000,000.00Accounts receivable → Operating adjustments reconciliation: $24,000,000.00Stock-based compensation → Operating adjustments reconciliation: $23,000,000.00Accounts payable → Operating adjustments reconciliation: $3,000,000.00Losses on foreign exchange transactions → Operating adjustments reconciliation: $2,000,000.00Other, net → Operating adjustments reconciliation: $2,000,000.00Operating adjustments reconciliation → Gain on divestiture: $191,000,000.00Operating adjustments reconciliation → Contract and other liabilities: $81,000,000.00Operating adjustments reconciliation → Contract and other assets: $43,000,000.00Operating adjustments reconciliation → Pension and postretirement benefit plans: $4,000,000.00Proceeds from divestiture → investing reconciliation: $199,000,000.00Other investing activities, net → investing reconciliation: $1,000,000.00investing reconciliation → Net cash from investing activities: $131,000,000.00investing reconciliation → Capital expenditures: $69,000,000.00Net cash used in financing activities → financing reconciliation: $114,000,000.00financing reconciliation → Repayments of long-term debt: $57,000,000.00financing reconciliation → Dividends to stockholders of UL Solutions: $29,000,000.00financing reconciliation → Employee taxes paid on settlement of stock-based compensation: $23,000,000.00financing reconciliation → Other financing activities, net: $5,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $258,000,000.00Net cash from operating activities → Cash sources and uses: $160,000,000.00Net cash from investing activities → Cash sources and uses: $131,000,000.00Cash sources and uses → Exchange-rate effect: $1,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $434,000,000.00Cash sources and uses → Net cash used in financing activities: $114,000,000.00Net income: $255,000,000.00Net income+$255.00 MDepreciation and amortization: $46,000,000.00Depreciation & amortization+$46.00 MGain on divestiture: -$191,000,000.00Disposal group gain & loss−$191.00 MStock-based compensation: $23,000,000.00Stock-based compensation+$23.00 MLosses on foreign exchange transactions: $2,000,000.00FX transaction gain & loss+$2.00 MDeferred income taxes: $41,000,000.00Deferred income taxes+$41.00 MOther, net: $2,000,000.00Other non-cash items+$2.00 MAccounts receivable: $24,000,000.00Accounts receivable+$24.00 MContract and other assets: -$43,000,000.00Contract and other assets−$43.00 MAccounts payable: $3,000,000.00Accounts payable+$3.00 MAccrued expenses: $83,000,000.00Accrued liabilities+$83.00 MPension and postretirement benefit plans: -$4,000,000.00Pension & retiree obligations−$4.00 MContract and other liabilities: -$81,000,000.00Contract and other liabilities−$81.00 MNet cash from operating activities: $160,000,000.00Operating cash+$160.00 MOperating adjustments reconciliation: $319,000,000.00Proceeds from long-term debt: $0.00Repayments of long-term debt: -$57,000,000.00Long-term debt repaid−$57.00 MDividends to stockholders of UL Solutions: -$29,000,000.00Common dividends paid−$29.00 MDividends to non-controlling interest: $0.00Employee taxes paid on settlement of stock-based compensation: -$23,000,000.00Stock-award tax withholding−$23.00 MOther financing activities, net: -$5,000,000.00Other financing, net−$5.00 MNet cash used in financing activities: -$114,000,000.00. Cash required to fund net payments.Financing cash−$114.00 Mfinancing reconciliation: $114,000,000.00Capital expenditures: -$69,000,000.00PP&E purchases−$69.00 MProceeds from divestiture: $199,000,000.00Business sales+$199.00 MPurchases of investments: $0.00Sales of investments: $0.00Other investing activities, net: $1,000,000.00Other investing, net+$1.00 MNet cash from investing activities: $131,000,000.00Investing cash+$131.00 Minvesting reconciliation: $200,000,000.00Cash sources and uses: $549,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $258,000,000.00Beginning cash$258.00 MEnding cash: Cash, cash equivalents, and restricted cash: $434,000,000.00Ending cash$434.00 MExchange-rate effect: -$1,000,000.00FX effect−$1.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$91.00 MOperating cash − cash spent on PP&ECash flow / Net income0.63×Operating cash flow ÷ net incomeNet cash change+$176.00 MEnding cash − beginning cash
Chart details

UL Solutions Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
258,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
160,000,000 US dollars. Net cash provided.
Net income
255,000,000 US dollars
Depreciation and amortization
46,000,000 US dollars
Gain on divestiture
negative 191,000,000 US dollars
Stock-based compensation
23,000,000 US dollars
Losses on foreign exchange transactions
2,000,000 US dollars
Deferred income taxes
41,000,000 US dollars
Other, net
2,000,000 US dollars
Accounts receivable
24,000,000 US dollars
Contract and other assets
negative 43,000,000 US dollars
Accounts payable
3,000,000 US dollars
Accrued expenses
83,000,000 US dollars
Pension and postretirement benefit plans
negative 4,000,000 US dollars
Contract and other liabilities
negative 81,000,000 US dollars
Investing activities
131,000,000 US dollars. Net cash provided.
Capital expenditures
negative 69,000,000 US dollars
Proceeds from divestiture
199,000,000 US dollars
Purchases of investments
0 US dollars
Sales of investments
0 US dollars
Other investing activities, net
1,000,000 US dollars
Financing activities
negative 114,000,000 US dollars. Net cash used.
Proceeds from long-term debt
0 US dollars
Repayments of long-term debt
negative 57,000,000 US dollars
Dividends to stockholders of UL Solutions
negative 29,000,000 US dollars
Dividends to non-controlling interest
0 US dollars
Employee taxes paid on settlement of stock-based compensation
negative 23,000,000 US dollars
Other financing activities, net
negative 5,000,000 US dollars
Operating adjustment reconciliation
319,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
114,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
200,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,000,000 US dollars
Ending cash on Jun 30, 2026
434,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
549,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
176,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.63×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
160,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
69,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
91,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $160.00M of net income directly to operating cash and $95.00M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Cash-flow net income is $255.00 M, derived by subtracting the earlier cumulative period; the income statement reports $254.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 160,000,000 US dollars minus 69,000,000 US dollars equals 91,000,000 US dollars.
  • Cash-flow net income is $255.00 M, derived by subtracting the earlier cumulative period; the income statement reports $254.00 M for the same period. The $1.00 M difference is rounding: the filing reports each amount rounded to the nearest million dollars, and the quarter is the difference of two rounded year-to-date amounts. Neither amount has been adjusted.
UL Solutions Inc. (ULS) FY2026 Q2 Statement of Cash Flows Sankey chart
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