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Income Statement
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Ulta Beauty, Inc. (ULTA)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJan-28-23Jan-29-22Jan-30-21Feb-01-20Feb-02-19Feb-03-18Jan-28-17Jan-30-16
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  10,208.68,630.96,152.07,398.16,716.65,884.54,854.73,924.1
            Revenue growth  18.3%40.3%-16.8%10.1%14.1%21.2%23.7%21.1%
                SSS        15.8%11.8%
                Unit growth  3.6%3.5%0.8%6.8%9.3%10.3%11.4%12.9%
Cost of goods sold  6,164.15,262.34,202.84,717.04,307.33,787.73,107.52,539.8
Gross profit  4,044.53,368.61,949.22,681.12,409.32,096.81,747.21,384.3
            Gross margin  39.6%39.0%31.7%36.2%35.9%35.6%36.0%35.3%
Selling, general and administrative  2,395.32,061.51,583.01,760.71,535.51,287.21,073.8863.4
Other operating expenses  10.69.515.019.319.824.318.614.7
EBITDA   [+]1,880.01,566.0648.91,196.71,133.61,038.0865.1671.3
            EBITDA margin  18.4%18.1%10.5%16.2%16.9%17.6%17.8%17.1%
Depreciation  240.4267.5296.8294.7279.2252.7210.3165.0
EBITA  1,639.61,298.4352.1902.0854.4785.3654.8506.3
            EBITA margin  16.1%15.0%5.7%12.2%12.7%13.3%13.5%12.9%
Amortization of intangibles  1.00.90.90.90.3   
EBIT   [+]1,638.61,297.5351.1901.1854.1785.3654.8506.3
            EBIT margin  16.1%15.0%5.7%12.2%12.7%13.3%13.5%12.9%
Non-recurring items   [+]  114.3     
Interest expense, net   [+]4.9-1.7-5.75.15.1-1.6-0.9-1.1
Other income (expense), net  9.9-3.3-11.510.110.1   
Pre-tax income  1,643.51,295.8231.1906.2859.1786.9655.7507.4
Income taxes  401.1310.055.3200.2200.6231.6246.0187.4
            Tax rate  24.4%23.9%23.9%22.1%23.3%29.4%37.5%36.9%
Net income  1,242.4985.8175.8705.9658.6555.2409.8320.0
            Net margin  12.2%11.4%2.9%9.5%9.8%9.4%8.4%8.2%
   
Basic EPS   [+]$24.17$18.09$3.12$12.21$11.00$9.02$6.55$5.00
Diluted EPS   [+]$24.01$17.98$3.11$12.15$10.94$8.96$6.52$4.98
   
   
Shares outstanding (basic)   [+]51.454.556.457.859.961.662.563.9
Shares outstanding (diluted)   [+]51.754.856.658.160.262.062.964.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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