For the quarter ending 2026-03-31, URI had -$303M decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 531 | 653 | 701 | 622 |
| Depreciation and amortization | 795 | 805 | 793 | 759 |
| Amortization of deferred financing costs and original issue discounts | 4 | 4 | 3 | 4 |
| Gain on sales of rental equipment | 160 | 175 | 147 | 146 |
| Gain on sales of non-rental equipment | 4 | 3 | 5 | 6 |
| Insurance proceeds from damaged equipment | 10 | 14 | 13 | 12 |
| Stock compensation expense, net | 36 | 32 | 32 | 34 |
| Restructuring charge | 45 | 0 | 0 | 0 |
| Debt related activity | 0 | 0 | -2 | 0 |
| Increase (decrease) in deferred taxes | 83 | 146 | 297 | -22 |
| (increase) decrease in accounts receivable | 29 | -88 | 213 | 57 |
| Increase in inventory | 14 | 5 | -8 | 14 |
| Decrease in prepaid expenses and other assets | -75 | -67 | 88 | 181 |
| Increase in accounts payable | 198 | -360 | -191 | 296 |
| Decrease in accrued expenses and other liabilities | -36 | 18 | 2 | 51 |
| Net cash provided by operating activities | 1,514 | 1,256 | 1,181 | 1,328 |
| Payments for purchases of rental equipment | 767 | 573 | 1,455 | 1,460 |
| Payments for purchases of non-rental equipment and intangible assets | 66 | 106 | 91 | 98 |
| Proceeds from sales of rental equipment | 350 | 386 | 333 | 317 |
| Proceeds from sales of non-rental equipment | 13 | 12 | 13 | 17 |
| Insurance proceeds from damaged equipment | 10 | 14 | 13 | 12 |
| Purchases of other companies, net of cash acquired | 396 | 335 | 6 | -1 |
| Purchases of investments | 0 | 1 | 1 | 0 |
| Proceeds from sales of investments | 3 | - | - | - |
| Net cash used in investing activities | -853 | -603 | -1,194 | -1,211 |
| Proceeds from debt | 2,055 | 3,715 | 2,638 | 2,731 |
| Payments of debt | 2,449 | 3,667 | 1,910 | 2,316 |
| Payment of contingent consideration | 18 | 0 | 0 | 0 |
| Common stock repurchased, including tax withholdings for share-based compensation | 421 | 631 | 618 | 431 |
| Payments of financing and other debt related costs | 0 | 15 | 9 | 1 |
| Dividends paid | 125 | 114 | 115 | 117 |
| Net cash used in financing activities | -958 | -712 | -14 | -134 |
| Effect of foreign exchange rates | -6 | 6 | -9 | 23 |
| Net (decrease) increase in cash and cash equivalents | -303 | -53 | -36 | 6 |
| Cash and cash equivalents at beginning of period | 459 | 512 | 548 | 542 |
| Cash and cash equivalents at end of period | 156 | 459 | 512 | 548 |
UNITED RENTALS, INC. (URI)
UNITED RENTALS, INC. (URI)