Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Accounts payable	559,527)	552,730)	477,052)	414,009)	404,016)	325,758)
Accrued payroll, bonus, and employee benefits	183,828)	158,017)	143,992)	77,435)	96,020)	82,593)
Accrued taxes	58,850)	43,464)	36,787)	39,051)	32,085)	28,306)
Accrued capital expenditures	55,438)	24,209)	—)	—)	—)	—)
Accrued advertising	40,580)	49,477)	23,543)	—)	—)	—)
Other accrued liabilities	105,582)	89,630)	92,012)	129,602)	92,561)	78,272)
Accrued liabilities	444,278)	364,797)	296,334)	246,088)	220,666)	189,171)
Deferred revenue	394,677)	353,579)	274,383)	237,535)	199,054)	113,136)
Current operating lease liabilities	283,293)	274,118)	253,415)	239,629)	—)	—)
Accrued income taxes	—)	12,786)	42,529)	—)	—)	14,101)
Current liabilities	1,681,775)	1,558,010)	1,343,713)	1,137,261)	823,736)	642,166)
Non-current operating lease liabilities	1,619,883)	1,572,638)	1,643,386)	1,698,718)	—)	—)
Deferred rent	—)	—)	—)	—)	434,980)	407,916)
Deferred income taxes	55,346)	39,693)	65,359)	89,367)	83,864)	59,403)
Other long-term liabilities	53,596)	58,665)	37,962)	36,432)	28,374)	24,985)
Long-term liabilities	1,728,825)	1,670,996)	1,746,707)	1,824,517)	547,218)	492,304)
Total liabilities	3,410,600)	3,229,006)	3,090,420)	2,961,778)	1,370,954)	1,134,470)
Common stock, $0.01 par value	511)	530)	569)	573)	592)	614)
Treasury stock-common, at cost	(60,470)	(53,478)	(37,801)	(34,448)	(24,908)	(18,767)
Additional paid-in capital	1,023,997)	934,945)	847,303)	807,492)	738,671)	698,917)
Retained earnings	995,773)	653,376)	1,189,422)	1,128,477)	1,105,863)	1,093,453)
Accumulated other comprehensive income	—)	—)	56)	—)	—)	—)
Stockholders’ equity	1,959,811)	1,535,373)	1,999,549)	1,902,094)	1,820,218)	1,774,217)
Total liabilities and stockholders’ equity	5,370,411)	4,764,379)	5,089,969)	4,863,872)	3,191,172)	2,908,687)

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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Ulta Beauty Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Ulta Beauty Inc. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Ulta Beauty Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Ulta Beauty Inc. stockholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Ulta Beauty Inc. (NASDAQ:ULTA)

Balance Sheet: Liabilities and Stockholders’ Equity