For the quarter ending 2026-03-31, MGRC had -$4,386K decrease in cash & cash equivalents over the period. $34,328K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 27,033 | 49,829 | 42,298 | 64,181 |
| Depreciation and amortization | 27,824 | 27,352 | 26,978 | 52,739 |
| Deferred income taxes | -1,363 | -10,533 | -10,154 | -12,764 |
| Provision for credit losses | 204 | 460 | 440 | 826 |
| Share-based compensation | 2,823 | 3,137 | 2,766 | 5,322 |
| Gain on sale of used rental equipment | 6,932 | 14,003 | 13,514 | 16,674 |
| Foreign currency exchange loss (gain) | -33 | 26 | -32 | 86 |
| Amortization of debt issuance costs | 4 | 2 | 159 | 45 |
| Accounts receivable | -9,565 | -9,021 | 7,985 | 15,285 |
| Inventories | 3,118 | -5,395 | 1,125 | -2,007 |
| Prepaid expenses and other assets | 6,920 | 989 | -3,386 | 5,270 |
| Accounts payable | -9,824 | 7,711 | 361 | -8,402 |
| Accrued liabilities | -4,629 | 2,670 | -4,257 | 2,403 |
| Deferred income | 4,940 | -20,174 | 5,378 | 15,124 |
| Net cash provided by operating activities | 42,366 | 80,918 | 65,071 | 109,694 |
| Purchases of rental equipment | 44,926 | 51,060 | 41,286 | 50,230 |
| Purchases of property, plant and equipment | 8,038 | 11,145 | 11,614 | 21,621 |
| Cash paid for acquisition of businesses | - | 1,838 | 0 | 21,947 |
| Proceeds from sales of used rental equipment | 11,953 | 24,982 | 26,447 | 32,200 |
| Net cash used in investing activities | -41,011 | -39,061 | -26,453 | -61,598 |
| Net borrowings (payments) under bank lines of credit | 31,069 | -36,878 | -22,882 | -17,730 |
| Principal payment of term note agreement | - | 0 | 73,000 | - |
| Borrowings under series g senior notes | - | 0 | 75,000 | - |
| Repurchase of common stock | 11,915 | - | - | - |
| Taxes paid related to net share settlement of stock awards | 5,955 | 0 | 9 | 5,684 |
| Payment of dividends | 12,491 | 11,940 | 11,940 | 24,020 |
| Net cash provided by (used in) financing activities | 708 | -48,818 | -32,831 | -47,434 |
| Effect of foreign currency exchange rate changes on cash | - | 0 | - | - |
| Net decrease in cash | - | -512 | - | - |
| Net increase in cash | -4,386 | - | 5,787 | 662 |
| Cash balance, beginning of period | 295 | 7,256 | 807 | - |
| Cash balance, end of period | 2,358 | 295 | 7,256 | - |
MCGRATH RENTCORP (MGRC)
MCGRATH RENTCORP (MGRC)