UNITED RENTALS, INC.

10-K & 10-Q Filings

United Rentals, Inc. is a Delaware holding company that primarily conducts its operations through its wholly owned subsidiary, United Rentals (North America), Inc. The company is the largest equipment rental company in the world, operating in the United States, Canada, Europe, Australia, and New Zealand. United Rentals' business strategy focuses on improving the profitability of its core equipment rental business through revenue growth, margin expansion, and operational efficiencies. The company serves three principal end-markets for equipment rental in North America: industrial and other non-construction, commercial construction, and residential construction. United Rentals has a large and diverse rental fleet, significant purchasing power, a national account program, and operating efficiencies, which provide it with competitive advantages. The company's website is www.unitedrentals.com, and its ticker symbol is URI on the New York Stock Exchange.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$2611.00
4117.00
4955.00
5685.00
5817.00
5762.00
6641.00
8047.00
9351.00
8530.00
9716.00
11642.00
14332.00
3285.00
3485.00
15.25%6.09%Cost of Revenue (-)
$1713.00
2530.00
2968.00
3253.00
3337.00
3359.00
3872.00
4683.00
5681.00
5347.00
5863.00
6646.00
8519.00
2044.00
2139.00
14.30%4.65%Gross Profit (+)
$898.00
1587.00
1987.00
2432.00
2480.00
2403.00
2769.00
3364.00
3670.00
3183.00
3853.00
4996.00
5813.00
1241.00
1346.00
16.84%8.46%Selling, General & Administrative (-)
$407.00
588.00
642.00
758.00
714.00
719.00
903.00
1038.00
1092.00
979.00
1199.00
1400.00
1527.00
382.00
389.00
11.65%1.83%Depreciation & Amortization (-)
$57.00
198.00
246.00
273.00
268.00
255.00
259.00
308.00
407.00
387.00
372.00
364.00
431.00
118.00
104.00
18.36%-11.86%Non-recurring Operating Expenses (-)
$19.00
99.00
12.00
10.00
-20.00
14.00
50.00
67.00
19.00
17.00
5.00
28.00
1.00
1.00
3.28%0.00%Operating Expenses (-)
$502.00
996.00
909.00
1041.00
962.00
988.00
1262.00
1413.00
1518.00
1383.00
1576.00
1764.00
1986.00
501.00
494.00
12.14%-1.40%Costs & Expenses (Total) (-)
$2215.00
3526.00
3877.00
4294.00
4299.00
4347.00
5134.00
6096.00
7199.00
6730.00
7439.00
8410.00
10505.00
2545.00
2633.00
13.85%3.46%Operating Income/Loss (+)
$396.00
591.00
1078.00
1391.00
1518.00
1415.00
1507.00
1951.00
2152.00
1800.00
2277.00
3232.00
3827.00
740.00
852.00
20.81%15.14%Non-operating Income/Expense (+)
$3.00
13.00
5.00
14.00
12.00
5.00
5.00
6.00
10.00
8.00
-7.00
15.00
19.00
4.00
3.00
16.63%-25.00%Interest Expense (-)
$235.00
516.00
478.00
555.00
567.00
511.00
464.00
481.00
648.00
669.00
424.00
445.00
635.00
150.00
160.00
8.64%6.67%Earnings before Tax (+)
$164.00
88.00
605.00
850.00
963.00
909.00
1048.00
1476.00
1514.00
1139.00
1846.00
2802.00
3211.00
594.00
695.00
28.13%17.00%Tax Expense (-)
$63.00
13.00
218.00
310.00
378.00
343.00
-298.00
380.00
340.00
249.00
460.00
697.00
787.00
143.00
153.00
23.42%6.99%Income/Loss (Continuing Operations) (+)
$101.00
75.00
387.00
540.00
585.00
566.00
1346.00
1096.00
1174.00
890.00
1386.00
2105.00
2424.00
451.00
542.00
30.32%20.18%Income/Loss (Discontinued Operations) (+)
$
Net Income/Loss (+)
$101.00
75.00
387.00
540.00
585.00
566.00
1346.00
1096.00
1174.00
890.00
1386.00
2105.00
2424.00
451.00
542.00
30.32%20.18%Net Income/Loss (Common) (+)
$101.00
75.00
387.00
540.00
585.00
566.00
1346.00
1096.00
1174.00
890.00
1386.00
2105.00
2424.00
451.00
542.00
30.32%20.18%EPS (Basic)
$1.62
0.91
4.14
5.54
6.14
6.49
15.91
13.26
15.18
12.24
19.14
29.77
35.40
6.50
8.06
29.31%24.00%EPS (Diluted)
$1.38
0.79
3.64
5.15
6.07
6.45
15.73
13.12
15.11
12.20
19.04
29.65
35.28
6.47
8.04
31.01%24.27%Weighted Avg Shares (Basic)
62.96
93.01
93.22
96.52
90.97
84.31
84.43
79.59
74.38
72.20
72.42
69.36
67.19
68.73
66.59
0.54%-3.12%Cash
$36.00
106.00
175.00
158.00
179.00
312.00
352.00
43.00
52.00
202.00
144.00
106.00
363.00
99.00
429.00
21.24%333.33%Receivables
$464.00
793.00
804.00
940.00
930.00
920.00
1233.00
1545.00
1530.00
1315.00
1677.00
2004.00
2230.00
2034.00
2221.00
13.98%9.19%Inventory
$44.00
68.00
70.00
78.00
69.00
68.00
75.00
109.00
120.00
125.00
164.00
232.00
205.00
222.00
208.00
13.68%-6.31%Prepaid Expenses (Current)
$75.00
111.00
122.00
Other Assets (Current)
$104.00
265.00
313.00
248.00
116.00
61.00
112.00
64.00
140.00
375.00
166.00
381.00
135.00
267.00
151.00
2.20%-43.45%Assets (Current)
$723.00
1343.00
1362.00
1546.00
1294.00
1361.00
1772.00
1761.00
1842.00
2017.00
2151.00
2723.00
2933.00
2622.00
3009.00
12.38%14.76%Property, Plant & Equipment (Net)
$366.00
428.00
421.00
6446.00
6631.00
6619.00
8291.00
10214.00
1273.00
9997.00
11956.00
14935.00
16003.00
15386.00
16076.00
37.00%4.48%Goodwill & Intangibles
$
3971.00
4378.00
4148.00
4002.00
4957.00
6142.00
6049.00
5816.00
6143.00
6478.00
6610.00
6576.00
7529.00
14.49%Other Assets
$3054.00
9255.00
5477.00
97.00
10.00
6.00
10.00
16.00
9806.00
38.00
42.00
47.00
43.00
45.00
44.00
-29.90%-2.22%Assets (Non-current)
$3420.00
9683.00
9869.00
10921.00
10789.00
10627.00
13258.00
16372.00
17128.00
15851.00
18141.00
21460.00
22656.00
22007.00
23649.00
17.07%7.46%Assets (Total)
$4143.00
11026.00
11231.00
12467.00
12083.00
11988.00
15030.00
18133.00
18970.00
17868.00
20292.00
24183.00
25589.00
24629.00
26658.00
16.38%8.24%Accounts Payable
$469.00
721.00
682.00
860.00
626.00
587.00
945.00
1213.00
1201.00
1186.00
1697.00
1145.00
2172.00
2124.00
2277.00
13.63%7.20%Debt (Current)
$395.00
630.00
604.00
618.00
607.00
597.00
723.00
903.00
997.00
704.00
906.00
161.00
1465.00
156.00
1087.00
11.54%596.79%Other Liabilities (Current)
$
1139.00
Liabilities (Current)
$864.00
1351.00
1286.00
1478.00
1233.00
1184.00
1668.00
2116.00
2198.00
1890.00
2603.00
2445.00
3637.00
2280.00
3364.00
12.72%47.54%Debt (Non-current)
$2647.00
6734.00
6569.00
7434.00
7555.00
7193.00
8717.00
10844.00
10964.00
8978.00
8779.00
11209.00
10053.00
11492.00
11318.00
11.76%-1.51%Other Liabilities
$529.00
1367.00
1528.00
1757.00
1819.00
1963.00
1539.00
1770.00
1978.00
2455.00
2919.00
3467.00
3769.00
3727.00
3856.00
17.78%3.46%Liabilities (Non-current)
$3176.00
8101.00
8097.00
9191.00
9374.00
9156.00
10256.00
12614.00
12942.00
11433.00
11698.00
14676.00
13822.00
15219.00
15174.00
13.04%-0.30%Liabilities (Total)
$4040.00
9452.00
9383.00
10669.00
10607.00
10340.00
11924.00
14730.00
15140.00
13323.00
14301.00
17121.00
17459.00
17499.00
18538.00
12.97%5.94%Treasury Stock
$
115.00
209.00
802.00
1560.00
2077.00
2105.00
2870.00
3700.00
3957.00
3957.00
4957.00
5965.00
5208.00
6343.00
21.79%Retained Earnings
$-499.00
-424.00
-37.00
503.00
1088.00
1654.00
3005.00
4101.00
5275.00
6165.00
7551.00
9656.00
11672.00
10003.00
12103.00
20.99%AOCI
$75.00
84.00
19.00
-74.00
-250.00
-218.00
-151.00
-237.00
-186.00
-146.00
-171.00
-264.00
-228.00
-264.00
-279.00
-5.68%Shareholder's Equity
$64.00
1543.00
1828.00
1796.00
1476.00
1648.00
3106.00
3403.00
3830.00
4545.00
5991.00
7062.00
8130.00
7130.00
8120.00
49.74%13.88%Liabilities & Equity
$4143.00
11026.00
11231.00
12467.00
12083.00
11988.00
15030.00
18133.00
18970.00
17868.00
20292.00
24183.00
25589.00
24629.00
26658.00
16.38%8.24%Net Income/Loss
$101.00
75.00
387.00
540.00
585.00
566.00
1346.00
1096.00
1174.00
890.00
1386.00
2105.00
2424.00
451.00
542.00
30.32%20.18%Depreciation & Amortization
$502.00
920.00
1119.00
17.00
10.00
9.00
9.00
12.00
15.00
14.00
13.00
13.00
14.00
4.00
4.00
-25.79%0.00%Increase/Decrease in Working Capital
$-18.00
453.00
-156.00
-126.00
-244.00
-239.00
-8.00
46.00
205.00
3.00
-351.00
-24.00
-173.00
66.00
13.00
-80.30%Share-based Compensation
$12.00
32.00
46.00
74.00
49.00
45.00
87.00
102.00
61.00
70.00
119.00
127.00
94.00
24.00
28.00
18.71%16.67%Adjustments to Reconcile Net Income
$507.00
646.00
1164.00
1261.00
1410.00
1387.00
884.00
1757.00
1850.00
1768.00
2303.00
2328.00
2280.00
488.00
487.00
13.35%-0.20%Net Cash (Operating)
$608.00
721.00
1551.00
1801.00
1995.00
1953.00
2230.00
2853.00
3024.00
2658.00
3689.00
4433.00
4704.00
939.00
1029.00
18.59%9.58%Capital Expenditure
$861.00
2104.00
1177.00
2000.00
1167.00
857.00
2481.00
3128.00
430.00
157.00
1406.00
2316.00
514.00
287.00
1105.00
-4.21%285.02%Net Cash (Investing)
$-861.00
-2104.00
-1177.00
-2000.00
-1170.00
-859.00
-3705.00
-4551.00
-1710.00
-223.00
-3611.00
-5016.00
-2976.00
-760.00
-1280.00
-68.42%Increase/Decrease in Debt
$79.00
1643.00
-184.00
787.00
84.00
-471.00
1594.00
2236.00
-418.00
-1985.00
-98.00
1644.00
2.00
220.00
866.00
-26.39%293.64%Increase/Decrease in Equity
$-23.00
-206.00
-117.00
-635.00
-816.00
-552.00
-97.00
-839.00
-887.00
-308.00
-42.00
-1092.00
-1070.00
-303.00
-431.00
-42.24%Interest Expenses
$203.00
371.00
461.00
457.00
447.00
415.00
357.00
455.00
581.00
483.00
391.00
406.00
614.00
178.00
195.00
9.66%9.55%Dividends Paid
$
406.00
103.00
110.00
6.80%Net Cash (Financing)
$80.00
1453.00
-295.00
196.00
-775.00
-964.00
1497.00
1397.00
-1305.00
-2293.00
-140.00
552.00
-1474.00
-186.00
325.00
274.73%Cash Taxes Paid
$24.00
40.00
48.00
100.00
60.00
99.00
205.00
71.00
238.00
318.00
202.00
326.00
493.00
29.00
131.00
28.64%351.72%Effect of Exchange Rate
$6.00
-10.00
-14.00
-29.00
3.00
18.00
-8.00
8.00
4.00
-7.00
3.00
-8.00
-5.61%Increase/Decrease in Cash
$-167.00
70.00
69.00
-17.00
21.00
133.00
40.00
-309.00
9.00
150.00
-58.00
-38.00
257.00
-7.00
66.00
1042.86%Cash (Beginning)
$203.00
36.00
106.00
175.00
158.00
179.00
312.00
352.00
43.00
52.00
202.00
144.00
106.00
106.00
363.00
-5.27%242.45%Cash (Ending)
$36.00
106.00
175.00
158.00
179.00
312.00
352.00
43.00
52.00
202.00
144.00
106.00
363.00
99.00
429.00
21.24%333.33%NOPAT
$338.05
322.36
992.47
1227.35
1423.42
1260.89
1935.52
1857.15
1813.71
1297.45
2027.84
2855.97
3239.42
703.87
691.41
20.72%-1.77%Gross Margin %
34.39%
38.55%
40.10%
42.78%
42.63%
41.70%
41.70%
41.80%
39.25%
37.32%
39.66%
42.91%
40.56%
37.78%
38.62%
Operating Margin %
15.17%
14.36%
21.76%
24.47%
26.10%
24.56%
22.69%
24.25%
23.01%
21.10%
23.44%
27.76%
26.70%
22.53%
24.45%
NOPAT Margin %
12.95%
7.83%
20.03%
21.59%
24.47%
21.88%
29.14%
23.08%
19.40%
15.21%
20.87%
24.53%
22.60%
21.43%
19.84%
Net Margin %
3.87%
1.82%
7.81%
9.50%
10.06%
9.82%
20.27%
13.62%
12.55%
10.43%
14.27%
18.08%
16.91%
13.73%
15.55%
Tax Rate %
14.63%
45.45%
7.93%
11.76%
6.23%
10.89%
-28.44%
4.81%
15.72%
27.92%
10.94%
11.63%
15.35%
4.88%
18.85%
ROA
8.16%
2.92%
8.84%
9.84%
11.78%
10.52%
12.88%
10.24%
9.56%
7.26%
9.99%
11.81%
12.66%
2.86%
2.59%
ROE
528.20%
20.89%
54.29%
68.34%
96.44%
76.51%
62.32%
54.57%
47.36%
28.55%
33.85%
40.44%
39.85%
9.87%
8.51%
ROIC
65.51%
41.07%
20.85%
10.90%
12.56%
11.12%
13.86%
11.03%
23.18%
7.98%
11.03%
12.96%
13.94%
3.17%
2.87%
Asset Turnover
0.63
0.37
0.44
0.46
0.48
0.48
0.44
0.44
0.49
0.48
0.48
0.48
0.56
0.13
0.13
Inventory Turnover
38.93
37.21
42.40
41.71
48.36
49.40
51.63
42.96
47.34
42.78
35.75
28.65
41.56
9.21
10.28
Equity Multiplier
64.73
7.15
6.14
6.94
8.19
7.27
4.84
5.33
4.95
3.93
3.39
3.42
3.15
3.45
3.28
Current Ratio
0.84
0.99
1.06
1.05
1.05
1.15
1.06
0.83
0.84
1.07
0.83
1.11
0.81
1.15
0.89
Quick Ratio
0.58
0.67
0.76
0.74
0.90
1.04
0.95
0.75
0.72
0.80
0.70
0.86
0.71
0.94
0.79
Debt/Equity Ratio
47.53
4.77
3.92
4.48
5.53
4.73
3.04
3.45
3.12
2.13
1.62
1.61
1.42
1.63
1.53
Interest Coverage Ratio
1.95
1.59
2.34
3.04
3.40
3.41
4.22
4.29
3.70
3.73
5.82
7.96
6.23
4.16
4.37
Working Capital/Sales
0.06
0.09
0.07
0.08
0.09
0.12
0.11
0.06
0.05
0.05
0.03
0.05
0.04
0.07
0.14
Dividend Payout Ratio %
12.53%
14.63%
15.91%
Total Payout
$147.00
-1066.00
762.00
305.00
1179.00
1438.00
-1140.00
-942.00
1886.00
2776.00
531.00
-146.00
2088.00
364.00
-130.00
24.75%-135.71%Payout Ratio %
43.48%
-330.68%
76.78%
24.85%
82.83%
114.05%
-58.90%
-50.72%
103.99%
213.96%
26.19%
-5.11%
64.46%
51.71%
-18.80%