HERC HOLDINGS INC
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
HRI$167.18+10.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Equipment rental | $2,870 | $2,552 | $1,910 |
| Sales of rental equipment | 346 | 125 | 113 |
| Sales of new equipment, parts and supplies | 38 | 36 | 31 |
| Service and other revenue | 28 | 27 | 19 |
| Total revenues | 3,282 | 2,740 | 2,073 |
| Expenses: | |||
| Direct operating | 1,139 | 1,029 | 782 |
| Depreciation of rental equipment | 643 | 536 | 420 |
| Cost of sales of rental equipment | 252 | 89 | 94 |
| Cost of sales of new equipment, parts and supplies | 25 | 21 | 21 |
| Selling, general and administrative | 448 | 411 | 310 |
| Non-rental depreciation and amortization | 112 | 95 | 68 |
| Interest expense, net | 224 | 122 | 86 |
| Other expense (income), net | (8) | 3 | 1 |
| Total expenses | 2,835 | 2,306 | 1,782 |
| Income before income taxes | 447 | 434 | 291 |
| Income tax provision | (100) | (104) | (67) |
| Net income | $347 | $330 | $224 |
| Weighted average shares outstanding: | |||
| Basic | 28.5 | 29.6 | 29.6 |
| Diluted | 28.7 | 30.2 | 30.4 |
| Earnings per share: | |||
| Basic | $12.18 | $11.15 | $7.57 |
| Diluted | $12.09 | $10.92 | $7.37 |
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