United Therapeutics Corporation (UTHR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.87B | 3.7B | 3.49B | 3.83B | 3.94B | 3.87B | 4B | 3.62B | 3.25B | 3.55B | 3.46B | 3.21B | 3.19B | 3.38B | 3.06B | 2.68B | 2.59B | 2.32B | 2.39B | 2.32B |
| Cash & Short-Term Investments | 2.15B | 1.56B | 2.77B | 3.05B | 3.32B | 3.27B | 3.33B | 2.97B | 2.71B | 2.99B | 2.88B | 2.68B | 2.86B | 2.84B | 2.62B | 2.26B | 2.27B | 1.93B | 2B | 1.97B |
| Cash Only | 1.07B | 1.56B | 1.14B | 1.59B | 1.9B | 1.7B | 1.55B | 1.36B | 1.25B | 1.21B | 1.11B | 1.07B | 1.16B | 961.2M | 966.8M | 795.2M | 813.3M | 894.8M | 908.5M | 942.2M |
| Short-Term Investments | 1.08B | 0 | 1.63B | 1.46B | 1.42B | 1.57B | 1.77B | 1.62B | 1.46B | 1.79B | 1.77B | 1.61B | 1.7B | 1.88B | 1.65B | 1.46B | 1.45B | 1.04B | 1.09B | 1.03B |
| Accounts Receivable | 312M | 350.2M | 297.7M | 379.3M | 322M | 279.3M | 341.8M | 290.7M | 307.3M | 278.9M | 258.6M | 272.7M | 134.5M | 220.4M | 231.7M | 173.4M | 170.5M | 198.7M | 212.8M | 173.4M |
| Days Sales Outstanding | 38.13 | 37.72 | 38.95 | 39.96 | 34.06 | 38.82 | 38.85 | 38.06 | 39.36 | 40.22 | 40.1 | 31.06 | 31.51 | 42.31 | 36.11 | 33.51 | 35.97 | 45.59 | 39.95 | 32.05 |
| Inventory | 178.3M | 183.1M | 176.5M | 169.2M | 165.4M | 157.9M | 146.7M | 136.5M | 120.2M | 111.8M | 104.3M | 103.3M | 102.5M | 102M | 91M | 89.9M | 88.2M | 93.8M | 96.7M | 89.9M |
| Days Inventory Outstanding | 121.91 | 159.98 | 157.6 | 173.79 | 157.28 | 184.61 | 156.77 | 150.13 | 144.8 | 140.01 | 136.23 | 146.08 | 175.96 | 158.82 | 223.69 | 272.85 | 316.22 | 253.27 | 309.88 | 222.73 |
| Other Current Assets | 228M | 1.61B | 252.2M | 229.7M | 131.1M | 169.7M | 185.4M | 220.8M | 113.4M | 166.2M | 220.5M | 158.4M | 92.6M | 219.2M | 118.1M | 165.8M | 60.2M | 100.4M | 76M | 87.1M |
| Total Non-Current Assets | 3.84B | 4.18B | 3.86B | 4.08B | 3.8B | 3.49B | 3.12B | 3.1B | 3.25B | 3.62B | 3.56B | 3.47B | 3.15B | 2.66B | 2.73B | 2.86B | 2.77B | 2.85B | 2.66B | 2.53B |
| Property, Plant & Equipment | 1.84B | 1.73B | 1.56B | 1.36B | 1.3B | 1.22B | 1.16B | 1.09B | 1.07B | 1.05B | 992.2M | 938.9M | 896.5M | 861.5M | 840.8M | 791.4M | 784.4M | 780.9M | 726.7M | 715.7M |
| Fixed Asset Turnover | 0.44x | 0.48x | 0.55x | 0.60x | 0.63x | 0.62x | 0.67x | 0.66x | 0.64x | 0.60x | 0.63x | 0.65x | 0.58x | 0.58x | 0.63x | 0.59x | 0.59x | 0.55x | 0.62x | 0.62x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 32.3M | 0 | 0 | 0 | 33.7M | 0 | 0 | 0 | 28M | 28M | 28M | 28M | 28M | 28M | 28M |
| Intangible Assets | 115.5M | 116.5M | 116.7M | 111.5M | 111.7M | 79.6M | 112.1M | 115.2M | 115.4M | 80.5M | 44.4M | 44.5M | 44.5M | 16.5M | 16.5M | 16.6M | 16.6M | 16.6M | 16.7M | 16.7M |
| Long-Term Investments | 1.41B | 1.78B | 1.66B | 1.92B | 1.71B | 1.48B | 1.28B | 1.33B | 1.49B | 1.91B | 2.06B | 2.02B | 1.77B | 1.32B | 1.44B | 1.64B | 1.56B | 1.65B | 1.51B | 1.33B |
| Other Non-Current Assets | 141.6M | 196.9M | 173.6M | 233.3M | 222.4M | 222.1M | 183.6M | 167.9M | 169.1M | 151.8M | 141.7M | 135.3M | 124.5M | 114.3M | 114.8M | 105.8M | 113.3M | 108.2M | 109M | 177M |
| Total Assets | 6.71B | 7.88B | 7.35B | 7.91B | 7.74B | 7.36B | 7.12B | 6.72B | 6.5B | 7.17B | 7.02B | 6.68B | 6.35B | 6.04B | 5.78B | 5.54B | 5.36B | 5.17B | 5.05B | 4.84B |
| Asset Turnover | 0.11x | 0.10x | 0.10x | 0.10x | 0.11x | 0.10x | 0.11x | 0.11x | 0.10x | 0.09x | 0.09x | 0.09x | 0.08x | 0.08x | 0.09x | 0.09x | 0.09x | 0.08x | 0.09x | 0.09x |
| Asset Growth % | -13.3% | 7.01% | 3.2% | 17.62% | 19.23% | 2.75% | 1.42% | 0.63% | 2.35% | 18.57% | 21.48% | 20.53% | 18.4% | 16.94% | 14.51% | 14.42% | 15.49% | 12.01% | 14.46% | 14.82% |
| Total Current Liabilities | 599.1M | 560.6M | 546.3M | 527.1M | 721.5M | 738.1M | 873.4M | 832.3M | 860.6M | 804.4M | 744.1M | 370.3M | 324.6M | 343.2M | 315.9M | 331.5M | 292.6M | 305.4M | 320M | 311.4M |
| Accounts Payable | 498.3M | 0 | 468M | 432M | 367M | 6M | 363.9M | 325.3M | 305.1M | 5.6M | 333.4M | 292M | 239.7M | 4.1M | 220.1M | 196.6M | 166.4M | 3.8M | 210.5M | 189.8M |
| Days Payables Outstanding | 336.18 | - | 410.31 | 415.01 | 181.46 | 224.18 | 381.51 | 368.68 | 193.92 | 219.63 | 410.39 | 377.42 | 209.77 | 184.49 | 515.27 | 556.11 | 295.71 | 284.91 | 664.76 | 433.96 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 200M | 300M | 400M | 400M | 400M | 400M | 300M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -305.1M | 327.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 100.8M | 560.6M | 78.3M | 95.1M | 154.5M | 93.6M | 109.5M | 107M | 431.4M | -287.3M | 70.1M | 78.3M | 84.9M | 13M | 95.8M | 134.9M | 126.2M | 248M | 109.5M | 121.6M |
| Current Ratio | 4.79x | 6.60x | 6.40x | 7.26x | 5.46x | 5.25x | 4.58x | 4.35x | 3.77x | 4.41x | 4.65x | 8.68x | 9.84x | 9.85x | 9.68x | 8.10x | 8.84x | 7.61x | 7.46x | 7.44x |
| Quick Ratio | 4.50x | 6.28x | 6.07x | 6.94x | 5.23x | 5.03x | 4.41x | 4.18x | 3.64x | 4.28x | 4.51x | 8.40x | 9.52x | 9.55x | 9.39x | 7.83x | 8.54x | 7.30x | 7.15x | 7.15x |
| Cash Conversion Cycle | -176.14 | - | -213.75 | -201.26 | 9.88 | -0.75 | -185.89 | -180.49 | -9.76 | -39.4 | -234.06 | -200.27 | -2.31 | 16.64 | -255.47 | -249.75 | 56.47 | 13.95 | -314.93 | -179.18 |
| Total Non-Current Liabilities | 214M | 223.2M | 214.6M | 207.3M | 215.2M | 181.9M | 148.8M | 193.7M | 296.5M | 377.8M | 567.4M | 900M | 898.2M | 904.6M | 903.5M | 893.4M | 890.9M | 904.8M | 899.2M | 894M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100M | 200M | 300M | 500M | 800M | 800M | 800M | 800M | 800M | 800M | 800M | 800M | 800M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 214M | 223.2M | 214.6M | 207.3M | 215.2M | 181.9M | 148.8M | 93.7M | 96.5M | 77.8M | 67.4M | 100M | 98.2M | 104.6M | 103.5M | 93.4M | 90.9M | 104.8M | 99.2M | 94M |
| Total Liabilities | 813.1M | 783.8M | 760.9M | 734.4M | 936.7M | 920M | 1.02B | 1.03B | 1.16B | 1.18B | 1.31B | 1.27B | 1.22B | 1.25B | 1.22B | 1.22B | 1.18B | 1.21B | 1.22B | 1.21B |
| Total Debt | 0 | 0 | 0 | 0 | 200M | 300M | 400M | 500M | 600M | 700M | 800M | 800M | 800M | 800M | 800M | 800M | 800M | 800M | 800M | 800M |
| Net Debt | -1.07B | -1.56B | -1.14B | -1.59B | -1.7B | -1.4B | -1.15B | -855.7M | -651.5M | -507.7M | -307.7M | -267.3M | -363.5M | -161.2M | -166.8M | 4.8M | -13.3M | -94.8M | -108.5M | -142.2M |
| Debt / Equity | - | - | - | - | 0.03x | 0.05x | 0.07x | 0.09x | 0.11x | 0.12x | 0.14x | 0.15x | 0.16x | 0.17x | 0.18x | 0.19x | 0.19x | 0.20x | 0.21x | 0.22x |
| Debt / EBITDA | - | - | - | - | 0.57x | 0.79x | 1.10x | 1.48x | 1.62x | 2.56x | 2.35x | 2.45x | 2.69x | 4.24x | 2.44x | 3.73x | 2.66x | 4.39x | 3.32x | 3.41x |
| Net Debt / EBITDA | -3.08x | -4.09x | -2.76x | -4.13x | -4.88x | -3.70x | -3.19x | -2.53x | -1.75x | -1.85x | -0.90x | -0.82x | -1.22x | -0.85x | -0.51x | 0.02x | -0.04x | -0.52x | -0.45x | -0.61x |
| Interest Coverage | 108.60x | 144.23x | 147.00x | 56.95x | 68.43x | 51.19x | 39.48x | 27.58x | 30.97x | 20.56x | 20.96x | 21.18x | 22.15x | 15.03x | 34.97x | 25.29x | 61.28x | 36.00x | 45.43x | 47.28x |
| Total Equity | 5.9B | 7.1B | 6.59B | 7.17B | 6.81B | 6.44B | 6.1B | 5.7B | 5.34B | 5.98B | 5.71B | 5.41B | 5.12B | 4.8B | 4.56B | 4.32B | 4.18B | 3.96B | 3.83B | 3.64B |
| Equity Growth % | -13.31% | 10.12% | 8.02% | 25.91% | 27.52% | 7.67% | 6.81% | 5.29% | 4.19% | 24.77% | 25.2% | 25.3% | 22.67% | 21.16% | 19.13% | 18.65% | 21.21% | 16.6% | 16.65% | 17.64% |
| Book Value per Share | 125.02 | 148.15 | 139.33 | 148.52 | 140.07 | 132.32 | 126.05 | 119.94 | 107.41 | 120.18 | 114.93 | 109.31 | 103.29 | 97.10 | 93.68 | 89.78 | 87.55 | 82.82 | 80.46 | 76.95 |
| Total Shareholders' Equity | 5.9B | 7.1B | 6.59B | 7.17B | 6.81B | 6.44B | 6.1B | 5.7B | 5.34B | 5.98B | 5.71B | 5.41B | 5.12B | 4.8B | 4.56B | 4.32B | 4.18B | 3.96B | 3.83B | 3.64B |
| Common Stock | 800K | 800K | 800K | 800K | 800K | 800K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K | 700K |
| Retained Earnings | 8.83B | 8.56B | 8.19B | 7.85B | 7.54B | 7.22B | 6.92B | 6.61B | 6.33B | 6.03B | 5.81B | 5.54B | 5.28B | 5.04B | 4.91B | 4.67B | 4.55B | 4.32B | 4.2B | 4.04B |
| Treasury Stock | -5.44B | -4.26B | -4.26B | -3.47B | -3.47B | -3.47B | -3.48B | -3.44B | -3.39B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B | -2.58B |
| Accumulated OCI | -10.2M | 900K | 100K | 0 | -1.2M | -3.4M | 7.4M | -14.9M | -15.6M | -12.8M | -43.7M | -50.6M | -38.8M | -55.5M | -84.1M | -65.5M | -54.3M | -23M | -20.1M | -18.6M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |