ULTA BEAUTY, INC. (ULTA) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-02-01 to 2026-08-01

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ULTA BEAUTY, INC. cash flow reconciliation, Feb 1, 2026 through Aug 1, 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. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. 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: $381,590,000.00Net income → Operating adjustments reconciliation: $240,885,000.00Non-cash lease expense → Operating adjustments reconciliation: $178,326,000.00Depreciation and amortization → Operating adjustments reconciliation: $162,724,000.00Receivables → Operating adjustments reconciliation: $47,127,000.00Stock-based compensation expense → Operating adjustments reconciliation: $21,063,000.00Other assets and liabilities → Operating adjustments reconciliation: $12,352,000.00Loss on disposal of property and equipment → Operating adjustments reconciliation: $8,404,000.00Prepaid expenses and other current assets → Operating adjustments reconciliation: $5,645,000.00Equity net loss of affiliate → Operating adjustments reconciliation: $3,652,000.00Deferred income taxes → Operating adjustments reconciliation: $1,524,000.00Operating adjustments reconciliation → Merchandise inventories: $226,791,000.00Operating adjustments reconciliation → Operating lease liabilities: $178,756,000.00Operating adjustments reconciliation → Accrued liabilities: $120,902,000.00Operating adjustments reconciliation → Income taxes: $68,104,000.00Operating adjustments reconciliation → Accounts payable: $47,328,000.00Operating adjustments reconciliation → Deferred revenue: $39,821,000.00Proceeds from short-term investments → investing reconciliation: $15,000,000.00investing reconciliation → Capital expenditures: $139,534,000.00investing reconciliation → Other investments: $9,446,000.00Net cash used in financing activities → financing reconciliation: $512,913,000.00Borrowings from short-term debt → financing reconciliation: $1,358,274,000.00Stock options exercised → financing reconciliation: $12,904,000.00financing reconciliation → Payments on short-term debt: $1,080,032,000.00financing reconciliation → Repurchase of common shares: $793,183,000.00financing reconciliation → Purchase of treasury shares: $10,876,000.00Net cash used in investing activities → investing reconciliation: $133,980,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $424,243,000.00Net cash from operating activities → Cash sources and uses: $381,590,000.00Cash sources and uses → Exchange-rate effect: $489,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $158,451,000.00Cash sources and uses → Net cash used in investing activities: $133,980,000.00Cash sources and uses → Net cash used in financing activities: $512,913,000.00Net income: $622,475,000.00Net income+$622.48 MDepreciation and amortization: $162,724,000.00Depreciation & amortization+$162.72 MNon-cash lease expense: $178,326,000.00Non-cash lease expense+$178.33 MDeferred income taxes: $1,524,000.00Deferred tax balances+$1.52 MStock-based compensation expense: $21,063,000.00Noncash employee benefits+$21.06 MEquity net loss of affiliate: $3,652,000.00Equity net loss of affiliate+$3.65 MLoss on disposal of property and equipment: $8,404,000.00PP&E disposal gain & loss+$8.40 MReceivables: $47,127,000.00Receivables, net+$47.13 MMerchandise inventories: -$226,791,000.00Inventories−$226.79 MPrepaid expenses and other current assets: $5,645,000.00Prepaid & other assets+$5.65 MIncome taxes: -$68,104,000.00Income taxes, net−$68.10 MAccounts payable: -$47,328,000.00Accounts payable−$47.33 MAccrued liabilities: -$120,902,000.00Accrued liabilities−$120.90 MOperating lease liabilities: -$178,756,000.00Operating lease liabilities−$178.76 MDeferred revenue: -$39,821,000.00Deferred revenue−$39.82 MOther assets and liabilities: $12,352,000.00Other working capital, net+$12.35 MNet cash from operating activities: $381,590,000.00Operating cash+$381.59 MOperating adjustments reconciliation: $681,702,000.00Borrowings from short-term debt: $1,358,274,000.00Short-term debt issued+$1.36 BPayments on short-term debt: -$1,080,032,000.00Short-term debt repaid−$1.08 BRepurchase of common shares: -$793,183,000.00Common stock repurchases−$793.18 MStock options exercised: $12,904,000.00Stock option exercises+$12.90 MPurchase of treasury shares: -$10,876,000.00Purchase of treasury shares−$10.88 MNet cash used in financing activities: -$512,913,000.00. Cash required to fund net payments.Financing cash−$512.91 Mfinancing reconciliation: $1,884,091,000.00Proceeds from short-term investments: $15,000,000.00Short-term investment sales+$15.00 MCapital expenditures: -$139,534,000.00PP&E purchases−$139.53 MOther investments: -$9,446,000.00Investments, net−$9.45 MNet cash used in investing activities: -$133,980,000.00. Cash required to fund net payments.Investing cash−$133.98 Minvesting reconciliation: $148,980,000.00Cash sources and uses: $805,833,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $424,243,000.00Beginning cash$424.24 MEnding cash: Cash, cash equivalents, and restricted cash: $158,451,000.00Ending cash$158.45 MExchange-rate effect: -$489,000.00FX effect−$489.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$242.06 MOperating cash − cash spent on PP&ECash flow / Net income0.61×Operating cash flow ÷ net incomeNet cash change−$265.79 MEnding cash − beginning cash
Chart details

ULTA BEAUTY, INC. cash flow reconciliation, Feb 1, 2026 through Aug 1, 2026

Cash flows for Feb 1, 2026 through Aug 1, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jan 31, 2026. Ending cash: Aug 1, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jan 31, 2026
424,243,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
381,590,000 US dollars. Net cash provided.
Net income
622,475,000 US dollars
Depreciation and amortization
162,724,000 US dollars
Non-cash lease expense
178,326,000 US dollars
Deferred income taxes
1,524,000 US dollars
Stock-based compensation expense
21,063,000 US dollars
Equity net loss of affiliate
3,652,000 US dollars
Loss on disposal of property and equipment
8,404,000 US dollars
Receivables
47,127,000 US dollars
Merchandise inventories
negative 226,791,000 US dollars
Prepaid expenses and other current assets
5,645,000 US dollars
Income taxes
negative 68,104,000 US dollars
Accounts payable
negative 47,328,000 US dollars
Accrued liabilities
negative 120,902,000 US dollars
Operating lease liabilities
negative 178,756,000 US dollars
Deferred revenue
negative 39,821,000 US dollars
Other assets and liabilities
12,352,000 US dollars
Investing activities
negative 133,980,000 US dollars. Net cash used.
Proceeds from short-term investments
15,000,000 US dollars
Capital expenditures
negative 139,534,000 US dollars
Other investments
negative 9,446,000 US dollars
Financing activities
negative 512,913,000 US dollars. Net cash used.
Borrowings from short-term debt
1,358,274,000 US dollars
Payments on short-term debt
negative 1,080,032,000 US dollars
Repurchase of common shares
negative 793,183,000 US dollars
Stock options exercised
12,904,000 US dollars
Purchase of treasury shares
negative 10,876,000 US dollars
Operating adjustment reconciliation
681,702,000 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
1,884,091,000 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
148,980,000 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 489,000 US dollars
Ending cash on Aug 1, 2026
158,451,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
805,833,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 265,792,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.61×. 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
381,590,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
139,534,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
242,056,000 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 $381.59M of net income directly to operating cash and $240.89M 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.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 381,590,000 US dollars minus 139,534,000 US dollars equals 242,056,000 US dollars.
ULTA BEAUTY, INC. (ULTA) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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