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.

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

United Rentals Inc., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net income 639 606 493 367 481 409 293 203 297 208 212 173 338 391 270 175 310 333 270 183
Depreciation and amortization 577 560 548 532 532 510 475 466 480 492 490 526 516 519 504 499 470 418 390 393
Amortization of deferred financing costs and original issue discounts 4 3 3 3 4 3 3 3 3 4 3 4 4 3 4 4 3 3 3 3
Gain on sales of rental equipment (241) (112) (97) (116) (160) (84) (84) (103) (102) (76) (71) (83) (89) (76) (81) (67) (82) (57) (65) (74)
Gain on sales of non-rental equipment (3) (2) (2) (2) (4) (2) (3) (1) (3) (2) (2) (1) (3) (1) (2) (2) (1) (2) (1)
Insurance proceeds from damaged equipment (7) (8) (10) (7) (6) (5) (7) (7) (6) (21) (7) (6) (6) (6) (5) (7) (4) (4) (12) (2)
Stock compensation expense, net 32 35 36 24 30 33 35 21 24 18 15 13 16 14 16 15 29 30 24 19
Merger related costs 3 1 22 11 2 1
Restructuring charge (1) 1 1 1 6 6 3 2 2 2 6 8 16 9 4 2
Loss on repurchase/redemption of debt securities 17 30 24 159 29 32
Increase (decrease) in deferred taxes 407 66 27 37 111 84 70 3 (55) (4) (63) 1 87 68 28 21 67 97 56 37
(Increase) decrease in accounts receivable (68) (202) (135) 76 (76) (206) (81) 63 16 (95) 192 105 69 (69) (34) 73 16 (160) (51) 80
(Increase) decrease in inventory 8 3 (23) (13) 1 6 (9) 11 (17) 7 5 9 8 (16) (9) 3 (4) (10) (9)
(Increase) decrease in prepaid expenses and other assets (234) 31 (22) 61 (58) 96 187 23 (258) 32 28 (30) (38) 2 (35) 12 44 6 (17) 42
Increase (decrease) in accounts payable (28) 81 241 10 (241) 163 289 96 (78) 223 (168) 33 (387) 90 193 18 (189) (213) 348 103
Increase (decrease) in accrued expenses and other liabilities 165 82 77 (86) 53 50 5 (21) 39 (117) 178 (98) (105) 46 42 (74) 27 6 67 (135)
Changes in operating assets and liabilities, net of amounts acquired (157) (5) 138 48 (321) 109 391 172 (298) 43 237 15 (452) 77 150 20 (99) (365) 337 81
Adjustments to reconcile net income to net cash provided by operating activities 612 536 661 519 187 678 883 555 73 619 605 471 104 601 653 492 420 141 737 459
Net cash provided by operating activities 1,251 1,142 1,154 886 668 1,087 1,176 758 370 827 817 644 442 992 923 667 730 474 1,007 642
Purchases of rental equipment (980) (1,102) (872) (482) (690) (1,100) (913) (295) (176) (432) (145) (208) (158) (845) (872) (257) (144) (736) (946) (280)
Purchases of non-rental equipment and intangible assets (72) (59) (68) (55) (58) (89) (34) (19) (52) (43) (49) (53) (61) (60) (55) (42) (51) (54) (47) (33)
Proceeds from sales of rental equipment 409 181 164 211 324 183 194 267 275 199 176 208 244 198 197 192 186 140 157 181
Proceeds from sales of non-rental equipment 9 6 4 5 10 6 7 7 11 11 11 9 11 11 7 8 10 5 4 4
Insurance proceeds from damaged equipment 7 8 10 7 6 5 7 7 6 21 7 6 6 6 5 7 4 4 12 2
Purchases of other companies, net of cash acquired (2,017) (11) (235) (77) (1,434) (1) (2) (2) (52) (22) (173) (2,161) (747) (6) (52)
Purchases of investments (2) (1) (1) (3) (1) (1) (1) (1) (1) (1) (1) (2) (1)
Net cash used in investing activities (2,646) (978) (998) (394) (408) (995) (2,174) (34) 63 (245) (2) (39) 39 (743) (741) (265) (2,158) (1,388) (827) (178)
Proceeds from debt 4,666 1,980 2,084 1,155 1,334 3,262 2,677 1,091 2,009 3,631 1,103 2,517 3,135 1,535 3,163 1,427 5,116 2,732 2,074 2,256
Payments of debt (3,215) (1,893) (1,761) (1,372) (1,768) (3,356) (1,628) (1,710) (2,416) (4,149) (2,305) (2,375) (3,409) (1,590) (3,107) (1,572) (3,478) (1,658) (2,243) (2,563)
Proceeds from the exercise of common stock options 1 1 6 4 1 1
Common stock repurchased, including tax withholdings for share based compensation (10) (239) (501) (318) (1) (1) (2) (30) (5) (5) (276) (206) (210) (211) (243) (211) (211) (169) (226)
Payments of financing costs (15) (9) (8) (13) (1) (9) (10) 1 (10) (9) (23) (1)
Net cash provided by (used in) financing activities 1,426 (152) (187) (535) (435) (103) 1,047 (649) (412) (536) (1,203) (142) (489) (264) (159) (393) 1,404 863 (338) (532)
Effect of foreign exchange rates (1) (4) (2) (1) (5) 9 1 7 1 2 (2) 2 (1) (3) (6)
Net increase (decrease) in cash and cash equivalents 30 8 (33) (43) (176) (16) 58 76 28 47 (386) 461 (8) (15) 23 9 (22) (52) (161) (74)

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. United Rentals Inc. net cash provided by operating activities decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. United Rentals Inc. net cash used in investing activities increased from Q2 2022 to Q3 2022 but then decreased significantly from Q3 2022 to Q4 2022.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. United Rentals Inc. net cash provided by (used in) financing activities increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.