Operating CF
$1.55B
Capex
−$501.35M
Free Cash Flow
$1.05B
FCF Margin
+67.6%
Cash flow waterfall for Ulta Beauty (ULTA) — TTM through Q2 2026
Free cash flow: $1.05B
Cash flow breakdown for Ulta Beauty (ULTA) — TTM through Q2 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $1.55B | $1.55B |
| Capital Expenditure | −$501.35M | $1.05B |
| Free Cash Flow | $1.05B | $1.05B |
| Acquisitions | −$386.81M | $661.37M |
| Other Investing | −$100.62M | $560.75M |
| Share Buybacks | −$1.27B | −$713.81M |
| Net Debt Change | $606.49M | −$107.32M |
| Other Financing & FX | −$218.83M | −$326.15M |
| Net Cash Decrease | −$326.15M | −$326.15M |
- Operating Cash Flow$1.55B
- Capital Expenditure−$501.35M
- Free Cash Flow$1.05B
- Acquisitions−$386.81M
- Other Investing−$100.62M
- Share Buybacks−$1.27B
- Net Debt Change$606.49M
- Other Financing & FX−$218.83M
- Net Cash Decrease−$326.15M
Want to see what drove the FCF change?Free Cash Flow Bridge
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