Stock Analysis on Net
Stock Analysis on Net

United Rentals Inc. (NYSE:URI)

This company has been moved to the archive! The financial data has not been updated since January 25, 2023.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

United Rentals Inc., balance sheet: property, plant and equipment

US$ in millions

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Rental equipment 20,074 16,445 14,216 14,852 13,962
Land 131 117 111 101 103
Buildings 230 222 215 210 277
Non-rental vehicles 317 187 168 168 200
Machinery and equipment 223 182 164 157 135
Furniture and fixtures 402 345 338 328 240
Leasehold improvements 516 427 396 348 272
Property and equipment (rental and non-rental), gross 21,893 17,925 15,608 16,164 15,189
Accumulated depreciation and amortization (7,777) (6,753) (6,299) (5,773) (4,975)
Property and equipment (rental and non-rental), net 14,116 11,172 9,309 10,391 10,214

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
Property and equipment (rental and non-rental), gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United Rentals Inc. property and equipment (rental and non-rental), gross increased from 2020 to 2021 and from 2021 to 2022.
Property and equipment (rental and non-rental), 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. United Rentals Inc. property and equipment (rental and non-rental), net increased from 2020 to 2021 and from 2021 to 2022.

Asset Age Ratios (Summary)

United Rentals Inc., asset age ratios

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Average age ratio 35.74% 37.92% 40.65% 35.94% 32.98%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. United Rentals Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.

Average Age

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 7,777 6,753 6,299 5,773 4,975
Property and equipment (rental and non-rental), gross 21,893 17,925 15,608 16,164 15,189
Land 131 117 111 101 103
Asset Age Ratio
Average age1 35.74% 37.92% 40.65% 35.94% 32.98%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property and equipment (rental and non-rental), gross – Land)
= 100 × 7,777 ÷ (21,893 – 131) = 35.74%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. United Rentals Inc. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.