Stock Analysis on Net
Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Ulta Beauty Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018
Accounts payable
Accrued payroll, bonus, and employee benefits
Accrued taxes
Accrued capital expenditures
Accrued advertising
Other accrued liabilities
Accrued liabilities
Deferred revenue
Current operating lease liabilities
Accrued income taxes
Current liabilities
Non-current operating lease liabilities
Deferred rent
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Treasury stock-common, at cost
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

Accounts Payable
The proportion of accounts payable relative to total liabilities and stockholders' equity experienced fluctuations over the periods. Starting at 11.2% in 2018, it increased to 12.66% in 2019, then declined sharply to 8.51% in 2020, followed by a slight recovery reaching 11.6% in 2022, and then a modest decrease to 10.42% in 2023.
Accrued Payroll, Bonus, and Employee Benefits
This category showed minor increases over time. Beginning at 2.84% in 2018, it remained relatively stable around 3% in 2019, dipped to 1.59% in 2020, and then progressively increased to reach 3.42% by 2023, indicating some volatility but an overall upward trend in recent years.
Accrued Taxes
The ratio remained relatively consistent with slight variations, moving from 0.97% in 2018 to 1.1% in 2023, with a dip to 0.72% in 2021, suggesting stable tax accrual obligations as a proportion of total financing sources.
Accrued Capital Expenditures
This item appears in the data starting in 2022 with 0.51% and increasing to 1.03% in 2023, marking a recent growth in accrued capital expenditure obligations.
Accrued Advertising
Advertising accrual was absent prior to 2021 but entered at 0.46% in 2021, rose to 1.04% in 2022, and then decreased to 0.76% in 2023, indicating some variability in advertising expenses accrued towards the end of the period analyzed.
Other Accrued Liabilities
Showed a gradual decrease from 2.69% in 2018 to 1.81% in 2021, followed by a slight increase reaching 1.97% in 2023, exhibiting a generally declining trend with recent mild growth.
Accrued Liabilities (Total)
This aggregate measure declined from 6.5% in 2018 to 5.06% in 2020, then increased steadily to 8.27% by 2023, indicating increased accrued expenses relative to total capital structure in recent years.
Deferred Revenue
Deferred revenue rose notably from 3.89% in 2018 to a peak of 7.42% in 2022, stabilizing slightly at 7.35% in 2023, which may suggest increasing recognition of revenues in advance.
Current Operating Lease Liabilities
Data from 2020 onwards show a modest rise from 4.93% to a peak of 5.75% in 2022, followed by a slight decrease to 5.28% in 2023, reflecting the impact of operating lease commitments under accounting standards changes.
Accrued Income Taxes
Values for this item are sparse; noted are 0.48% in 2018, rising to 0.84% in 2021, then declining to 0.27% in 2022, with no data for 2023, suggesting some variability and incomplete data for recent periods.
Current Liabilities
Current liabilities generally increased during the timeframe, starting at 22.08% in 2018, rising to 25.81% in 2019, then fluctuating but reaching a high of 32.7% in 2022 before slightly decreasing to 31.32% in 2023, indicating a growing short-term liability position relative to total capital.
Non-current Operating Lease Liabilities
Introduced in 2020 at 34.93%, this item slightly decreased over the subsequent years, reaching 30.16% by 2023, evidencing substantial long-term lease obligations incorporated into the capital structure.
Deferred Rent
Reported only for 2018 and 2019 at approximately 14%, this category disappears from later periods, likely reflecting changes in accounting presentation or policy.
Deferred Income Taxes
These liabilities decreased from 2.04% in 2018 to 0.83% in 2022, but slightly rebounded to 1.03% in 2023, suggesting a downward trend in deferred tax liabilities with some reversal recently.
Other Long-term Liabilities
These liabilities showed minor fluctuations between 0.75% and 1.23%, peaking in 2022 before declining slightly in 2023, indicating a relatively stable component within long-term obligations.
Long-term Liabilities
There is a marked increase from 16.93% in 2018 to 37.51% in 2020, stabilizing around 32%-35% thereafter, highlighting a significant rise in long-term debt or similar obligations beginning in 2020 that continues at elevated levels through to 2023.
Total Liabilities
Total liabilities as a percentage of capital increased from 39% in 2018 to a peak of 67.77% in 2022, slightly retreating to 63.51% in 2023. This trend reflects a growing reliance on liabilities in the company’s capital structure, with considerable buildup primarily between 2019 and 2022.
Common Stock, $0.01 Par Value
This component remained stable and negligible throughout the period, consistently near 0.01%-0.02% of total capital, indicating limited changes in par value stock as a percentage of the total capital.
Treasury Stock-Common, at Cost
Treasury stock, shown as a negative component, increased in absolute percentage terms from -0.65% in 2018 to -1.13% in 2023, indicating an increasing repurchase or holding of treasury shares over time.
Additional Paid-in Capital
This metric declined sharply from 24.03% in 2018 to 16.6% in 2020, followed by a partial recovery to around 19% in the last two years, suggesting some reduction in capital contributed in excess of par value before recent stabilization.
Retained Earnings
Retained earnings as a proportion of total capital decreased significantly from 37.59% in 2018 to a low of 13.71% in 2022, with a modest increase to 18.54% in 2023, reflecting fluctuations in accumulated profits relative to total financing sources.
Stockholders' Equity
Equity financing decreased from 61% in 2018 to a low point of 32.23% in 2022, with a slight recovery to 36.49% in 2023. This trend indicates a diminishing equity base relative to total liabilities, consistent with the observed increase in liabilities over the period.