Below are the financial statements of UL Solutions, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in billions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 0.3a | 0.32a |
| Accounts receivable, net of allowance of $9 and $9 | 0.38a | 0.36a |
| Contract assets, net of allowance of $1 and $1 | 0.18a | 0.18a |
| Other current assets | 0.06a | 0.1a |
| Total current assets | 0.92a | 0.95a |
| Property, plant and equipment, net of accumulated depreciation of $772 and $737 | 0.63a | 0.56a |
| Goodwill | 0.63a | 0.62a |
| Intangible assets, net of accumulated amortization of $239 and $232 | 0.06a | 0.07a |
| Operating lease right-of-use assets | 0.19a | 0.15a |
| Deferred income taxes | 0.11a | 0.11a |
| Capitalized software, net of accumulated amortization of $427 and $382 | 0.13a | 0.14a |
| Other assets | 0.14a | 0.13a |
| Total assets | 2.8a | 2.74a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Current portion of long-term debt | 0.05a | 0a |
| Accounts payable | 0.18a | 0.17a |
| Accrued compensation and benefits | 0.25a | 0.28a |
| Operating lease liabilities - current | 0.04a | 0.04a |
| Contract liabilities | 0.16a | 0.16a |
| Other current liabilities | 0.05a | 0.06a |
| Total current liabilities | 0.74a | 0.71a |
| Long-term debt | 0.69a | 0.9a |
| Pension and postretirement benefit plans | 0.2a | 0.23a |
| Operating lease liabilities | 0.16a | 0.12a |
| Other liabilities | 0.09a | 0.09a |
| Total liabilities | 1.87a | 2.06a |
| Stockholders’ equity | — | — |
| Class A common stock, $0.001 per share, 62 million and 200 million shares issued and outstanding at December 31, 2024 and 2023, respectively | 0a | 0a |
| Class B common stock, $0.001 per share, 138 million and 0 shares issued and outstanding at December 31, 2024 and 2023, respectively | 0a | 0a |
| Additional paid-in capital | 0.82a | 0.78a |
| Retained earnings | 0.25a | 0.02a |
| Accumulated other comprehensive loss | -0.17a | -0.15a |
| Total stockholders’ equity before non-controlling interests | 0.9a | 0.65a |
| Non-controlling interests | 0.03a | 0.02a |
| Total stockholders’ equity | 0.93a | 0.68a |
| Total liabilities and stockholders’ equity | 2.8a | 2.74a |
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