For the year ending 2025-12-31, URI had $2M increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 2,494 | 2,575 | 2,424 | 2,105 |
| Depreciation and amortization | 3,108 | 2,903 | 2,781 | 2,217 |
| Amortization of deferred financing costs and original issue discounts | 15 | 15 | 14 | 13 |
| Gain on sales of rental equipment | 635 | 710 | 786 | 566 |
| Gain on sales of non-rental equipment | 18 | 17 | 21 | 9 |
| Insurance proceeds from damaged equipment | 50 | 51 | 38 | 32 |
| Stock compensation expense, net | 134 | 112 | 94 | 127 |
| Merger related costs | - | - | 0 | 0 |
| Restructuring charge | 1 | 3 | 28 | 0 |
| Debt related activity | -15 | -1 | 0 | -17 |
| Increase (decrease) in deferred taxes | 405 | -19 | 35 | 537 |
| Increase in accounts receivable | 120 | 20 | 167 | 329 |
| (increase) decrease in inventory | 38 | -15 | -19 | 25 |
| (increase) decrease in prepaid expenses and other assets | 135 | 27 | -281 | 164 |
| Decrease in accounts payable | -22 | -203 | -45 | 304 |
| Increase (decrease) in accrued expenses and other liabilities | 36 | -31 | 85 | 238 |
| Net cash provided by operating activities | 5,190 | 4,546 | 4,704 | 4,433 |
| Payments for purchases of rental equipment | 4,149 | 3,753 | 3,714 | 3,436 |
| Payments for purchases of non-rental equipment and intangible assets | 379 | 374 | 356 | 254 |
| Proceeds from sales of rental equipment | 1,413 | 1,521 | 1,574 | 965 |
| Proceeds from sales of non-rental equipment | 56 | 67 | 60 | 24 |
| Insurance proceeds from damaged equipment | 50 | 51 | 38 | 32 |
| Purchases of other companies, net of cash acquired | 357 | 1,655 | 574 | 2,340 |
| Purchases of investments | 3 | 5 | 4 | 7 |
| Net cash used in investing activities | -3,369 | -4,148 | -2,976 | -5,016 |
| Proceeds from debt | 11,182 | 11,609 | 8,576 | 9,885 |
| Payments of debt | 10,529 | 9,861 | 8,574 | 8,241 |
| Payment of contingent consideration | 23 | - | - | - |
| Payments of financing and other debt related costs | 38 | 17 | 0 | 24 |
| Proceeds from the exercise of common stock options | - | - | - | 0 |
| Dividends paid | 464 | 434 | 406 | - |
| Common stock repurchased, including tax withholdings for share based compensation | 1,969 | 1,571 | 1,070 | 1,068 |
| Net cash used in financing activities | -1,841 | -274 | -1,474 | 552 |
| Effect of foreign exchange rates | 22 | -30 | 3 | -7 |
| Net increase in cash and cash equivalents | 2 | 94 | 257 | -38 |
| Cash and cash equivalents at beginning of period | 457 | 363 | 106 | 144 |
| Cash and cash equivalents at end of period | 459 | 457 | 363 | 106 |
UNITED RENTALS, INC. (URI)
UNITED RENTALS, INC. (URI)