Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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.
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- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Debt to Equity since 2008
- Price to Earnings (P/E) since 2008
- Price to Operating Profit (P/OP) since 2008
- Price to Sales (P/S) since 2008
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Ulta Beauty Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).
- Accounts payable
- The accounts payable displayed volatility with several significant peaks. Initially, values remained around 300,000 to 400,000 thousand US$, but sharp increases occurred during late 2018 (around 574,000) and again in late 2021 (reaching up to approximately 747,000). Subsequently, there was a slight decline but levels remained relatively high in the following quarters, indicating increased short-term obligations.
- Accrued liabilities
- Accrued liabilities demonstrated moderate fluctuations with a general upward trend over the entire period. Starting near 210,000 in early 2017, the figure rose to over 460,000 by late 2022, suggesting a gradual increase in accrued expenses or obligations prior to payment.
- Deferred revenue
- Deferred revenue data starts being reported from early 2018 and exhibits steady growth over time, rising from approximately 113,000 to highs around 394,000 before slightly declining towards the latest quarters. This suggests growth in customer prepayments or unearned income.
- Current operating lease liabilities
- This metric emerged from mid-2019 onward, showing consistent growth from roughly 211,000 to nearly 288,000 by mid-2023, reflecting an expansion in lease obligations classified as current liabilities. The increase indicates either a larger lease portfolio or rising lease liabilities in the short term.
- Accrued income taxes
- Accrued income taxes show irregular reporting with multiple periods of missing values. When reported, there are notable spikes in mid-2021 and mid-2022, suggesting periods of tax liability accumulation or timing differences in tax expense recognition.
- Current liabilities
- Current liabilities overall exhibit an increasing trend, starting near 584,000 and peaking over 1,690,000 in late 2022 before a moderate decline. This reflects a significant increase in short-term financial obligations, driven by rises in accounts payable, accrued liabilities, and other components.
- Non-current operating lease liabilities
- Non-current operating lease liabilities appeared in late 2018 and generally decreased slightly over time from approximately 1,654,000 to around 1,593,000 by mid-2023. This suggests some lease liabilities are being amortized or settled, although the overall amount remains substantial.
- Long-term debt
- Long-term debt is consistently reported as 800,000 starting from early 2020 and remains unchanged through to the end of the period, indicating no new issuances or repayments during this timeframe.
- Deferred rent
- Deferred rent figures show steady, incremental growth from about 372,000 to around 434,000 through early 2019, after which no further data is reported, possibly due to accounting changes or reclassification.
- Deferred income taxes
- Deferred income taxes generally decreased from about 87,000 in early 2017 to roughly 40,000 by early 2023, with some fluctuations. This decline might indicate changes in timing differences or tax strategies impacting deferred tax assets or liabilities.
- Other long-term liabilities
- Other long-term liabilities increased modestly from approximately 22,000 to nearly 57,000 over the period, suggesting growth in ancillary long-term obligations.
- Long-term liabilities
- Long-term liabilities increased significantly from about 481,000 to a peak exceeding 2,680,000 by mid-2020, followed by a reduction and stabilization around 1,700,000 in recent periods. The initial jump corresponds with recognition or reclassification of substantial obligations, likely influenced by the operating lease liabilities.
- Total liabilities
- Total liabilities rose markedly, especially following 2018, reaching over 3,770,000 at peak in mid-2020, before gradually moderating to approximately 3,190,000 by mid-2023. These fluctuations correlate with increases in current and long-term obligations including lease liabilities and accounts payable.
- Common stock
- Common stock par value steadily declined slightly from 627 thousand US$ to around 501 thousand, indicative of no significant stock issuances and possible cancellations or retirements of shares.
- Treasury stock-common, at cost
- Treasury stock steadily increased in absolute value (more negative) from -17,000 to -82,000, indicating ongoing repurchase or accumulation of treasury shares over time.
- Additional paid-in capital
- Additional paid-in capital shows a consistent upward trajectory from approximately 675,000 to over 1,049,000, suggesting capital contributions or equity-related financing activities.
- Retained earnings
- Retained earnings exhibit volatility with an initial rise, a notable dip around early 2022, and recovery thereafter. Starting at around 982,000, values decreased significantly to approximately 653,000 in early 2022 before rebounding to over 1,080,000 by mid-2023, reflecting fluctuations in accumulated profits or losses.
- Accumulated other comprehensive income (loss)
- The limited irregular entries show minor fluctuations close to zero, suggesting minimal impact of other comprehensive income components on equity.
- Stockholders’ equity
- Stockholders’ equity grew steadily from about 1,641,000 to over 2,051,000 by mid-2023, with minor interruptions. This growth aligns with increased retained earnings and paid-in capital, offset partially by treasury stock acquisition.
- Total liabilities and stockholders’ equity
- The total of liabilities and equity rose significantly from approximately 2,707,000 to a peak of about 5,370,000 by early 2023, before a slight decrease toward mid-2023, indicating expansion of the company’s overall financing and asset base over the observed periods.