UNITED RENTALS NORTH AMERICA INC
For the period ended Mar 31, 2026. Filed Apr 22, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed Apr 22, 2026
URI$1,104.94-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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United Rentals, Inc. Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| 2026 | 2025 | |
| Cash Flows From Operating Activities: | ||
| Net income | $531 | $518 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 795 | 751 |
| Amortization of deferred financing costs and original issue discounts | 4 | 4 |
| Gain on sales of rental equipment | (160) | (167) |
| Gain on sales of non-rental equipment | (4) | (4) |
| Insurance proceeds from damaged equipment | (10) | (11) |
| Stock compensation expense, net | 36 | 36 |
| Restructuring charge | 45 | 1 |
| Debt related activity (1) | — | 13 |
| Increase (decrease) in deferred taxes | 83 | (16) |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| (Increase) decrease in accounts receivable | (29) | 62 |
| Increase in inventory | (14) | (27) |
| Decrease in prepaid expenses and other assets | 75 | 67 |
| Increase in accounts payable | 198 | 233 |
| Decrease in accrued expenses and other liabilities | (36) | (35) |
| Net cash provided by operating activities | 1,514 | 1,425 |
| Cash Flows From Investing Activities: | ||
| Payments for purchases of rental equipment | (767) | (661) |
| Payments for purchases of non-rental equipment and intangible assets | (66) | (84) |
| Proceeds from sales of rental equipment | 350 | 377 |
| Proceeds from sales of non-rental equipment | 13 | 14 |
| Insurance proceeds from damaged equipment | 10 | 11 |
| Purchases of other companies, net of cash acquired | (396) | (17) |
| Purchases of investments | — | (1) |
| Proceeds from sales of investments | 3 | — |
| Net cash used in investing activities | (853) | (361) |
| Cash Flows From Financing Activities: | ||
| Proceeds from debt | 2,055 | 2,098 |
| Payments of debt | (2,449) | (2,636) |
| Payment of contingent consideration | (18) | (23) |
| Common stock repurchased, including tax withholdings for share-based compensation | (421) | (289) |
| Payments of financing and other debt related costs (1) | — | (13) |
| Dividends paid | (125) | (118) |
| Net cash used in financing activities | (958) | (981) |
| Effect of foreign exchange rates | (6) | 2 |
| Net (decrease) increase in cash and cash equivalents | (303) | 85 |
| Cash and cash equivalents at beginning of period | 459 | 457 |
| Cash and cash equivalents at end of period | $156 | $542 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for income taxes, net | $17 | $42 |
| Cash paid for interest | 196 | 222 |
(1)The amounts for the three months ended March 31, 2025 reflect bridge financing fees associated with the terminated acquisition of H&E Equipment Services, Inc. d/b/a H&E Rentals (“H&E”) discussed below.
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