Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Ulta Beauty Inc., consolidated balance sheet: assets

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Cash and cash equivalents	737,877)	431,560)	1,046,051)	392,325)	409,251)	277,445)
Short-term investments	—)	—)	—)	110,000)	—)	120,000)
Receivables, net	199,422)	233,682)	193,109)	139,337)	136,168)	99,719)
Merchandise inventories, net	1,603,451)	1,499,218)	1,168,215)	1,293,701)	1,214,329)	1,096,424)
Prepaid supplies	40,454)	40,996)	—)	—)	—)	—)
Cloud computing costs	34,900)	23,379)	—)	—)	—)	—)
Prepaid advertising	9,466)	7,612)	—)	—)	—)	—)
Other	45,426)	38,827)	107,402)	103,567)	138,116)	98,666)
Prepaid expenses and other current assets	130,246)	110,814)	107,402)	103,567)	138,116)	98,666)
Prepaid income taxes	38,308)	5,909)	—)	16,387)	16,997)	1,489)
Current assets	2,709,304)	2,281,183)	2,514,777)	2,055,317)	1,914,861)	1,693,743)
Property and equipment, net	1,009,273)	914,476)	995,795)	1,205,524)	1,226,029)	1,189,453)
Operating lease right-of-use assets	1,561,263)	1,482,256)	1,504,614)	1,537,565)	—)	—)
Goodwill	10,870)	10,870)	10,870)	10,870)	10,870)	—)
Other intangible assets, net	1,312)	1,538)	2,465)	3,391)	4,317)	—)
Deferred compensation plan assets	35,382)	38,409)	33,223)	27,849)	20,511)	16,827)
Cloud computing costs	28,540)	22,596)	—)	—)	—)	—)
Other	14,467)	13,051)	28,225)	23,356)	14,584)	8,664)
Other long-term assets	43,007)	35,647)	28,225)	23,356)	14,584)	8,664)
Long-term assets	2,661,107)	2,483,196)	2,575,192)	2,808,555)	1,276,311)	1,214,944)
Total assets	5,370,411)	4,764,379)	5,089,969)	4,863,872)	3,191,172)	2,908,687)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Ulta Beauty Inc. current assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Property and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Ulta Beauty Inc. property and equipment, net decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Long-term assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Ulta Beauty Inc. long-term assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Ulta Beauty Inc. total assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Ulta Beauty Inc. cash and cash equivalents decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.
Receivables, net	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Ulta Beauty Inc. receivables, net increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Merchandise inventories, net	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Ulta Beauty Inc. merchandise inventories, net increased from 2021 to 2022 and from 2022 to 2023.

Ulta Beauty Inc. (NASDAQ:ULTA)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items