Sunbelt Rentals Holdings, Inc.
For the period ended Jul 31, 2026. Filed Sep 9, 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.
Jul 31, 2026 · Filed Sep 9, 2026
SUNB$81.37-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Cash Flows
CASH FLOWS (UNAUDITED)
| Three Months EndedJuly 31, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $438 | $373 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 585 | 571 |
| Gain on sales of rental equipment | (15) | (13) |
| Gain on sales of non-rental equipment | (3) | (6) |
| Deferred tax expense | 72 | 29 |
| Non-cash operating lease expense | 80 | 74 |
| Stock-based compensation expense | 26 | 23 |
| Provision for receivable allowances | 18 | 15 |
| Other | — | 3 |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Increase in accounts receivable | (244) | (203) |
| Increase in inventory | (1) | (25) |
| Increase in prepaid expenses and other assets | (45) | (1) |
| (Decrease) increase in accounts payable | (90) | 15 |
| Decrease in operating lease liabilities | (74) | (70) |
| Increase in accrued expenses and other liabilities | 93 | 83 |
| Net cash provided by operating activities | 840 | 868 |
| Cash flows from investing activities | ||
| Payments for acquisition of businesses, net of cash acquired | (667) | (20) |
| Payments for purchases of rental equipment | (759) | (394) |
| Payments for purchases of non-rental property and equipment | (96) | (111) |
| Proceeds from sales of rental equipment | 77 | 92 |
| Proceeds from sales of non-rental property and equipment | 8 | 13 |
| Payments for purchases of intangibles | (1) | (2) |
| Net cash used in investing activities | (1,438) | (422) |
| Cash flows from financing activities | ||
| Proceeds from debt | 2,191 | 290 |
| Payments of debt | (1,207) | (382) |
| Repayments of principal under finance lease liabilities | (4) | (4) |
| Dividends paid | (307) | — |
| Common stock repurchased by the ESOT | — | (18) |
| Payments of tax withholding for stock-based compensation | (16) | — |
| Common stock repurchased | (56) | (330) |
| Net cash provided by (used in) financing activities | 601 | (444) |
| Effect of exchange rate changes on cash and cash equivalents | — | — |
| Net increase in cash and cash equivalents | 3 | 2 |
| Cash and cash equivalents at the beginning of period | 29 | 21 |
| Cash and cash equivalents at the end of period | $32 | $23 |
| Three Months EndedJuly 31, | ||
|---|---|---|
| (In millions) | 2026 | 2025 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $68 | $66 |
| Cash paid (received) for income taxes, net | 11 | (1) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.