Driving Digital Transformation and Shareholder Value
Consistent free cash flow generation
$1,700
$1,500
$1,300
Free Cash Flow($M)¹ -10-Yr Average
-5-Yr Average
$1,592
$1,334
$1,100
$1,195
$983
$924
$900
$700
$500
$574
$421
$335
$367
$300
$227
$100
$23
$(73)
-$100
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
-$300
Notes:
$6.0B of free cash flow generated over last 5 years (2)
(1) Free cash flow is a non-GAAP measure. See tables provided elsewhere in this presentation for reconciliations to the most comparable GAAP measure. Merger and restructuring related payments were first reported for 2012. The information required to determine the amount of merger and
restructuring related payments for periods prior to 2012 is unavailable without unreasonable effort. Free cash flow for 2012 and subsequent periods above excludes merger and restructuring related payments.
(2) Reflects 5 year period from 2015 to 2019, excluding merger and restructuring related payments.
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2020 United Rentals, Inc. All rights reserved.
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