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 millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 2,870a | 2,678a | 2,520a |
| Cost of revenue | -1,477a | -1,398a | -1,313a |
| Selling, general and administrative expenses | -931a | -875a | -795a |
| Goodwill impairment | 0a | -37a | 0a |
| Operating income | 462a | 368a | 412a |
| Interest expense | -55a | -35a | -17a |
| Other income (expense), net | 8a | 13a | -12a |
| Income before income taxes | 415a | 346a | 383a |
| Income tax expense | -70a | -70a | -74a |
| Net income | 345a | 276a | 309a |
| Less: net income attributable to non-controlling interests | 19a | 16a | 16a |
| Net income attributable to stockholders of UL Solutions | 326a | 260a | 293a |
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