Driving Digital Transformation and Shareholder Value
...that has ultimately been reflected in free cash flow
2011-2019 Free Cash Flow Conversion: 107% (2)
Free Cash
Flow ($M)
$1,800
$1,300
$800
FCF/EBITDA (1) 20.4%
$300
FCF/EBITDA (1) 27.9%
اااا
-$200
2002
2003
2004
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Durable Free Cash Flow generated throughout the cycle
2017 2018 2019
(1) Free Cash Flow (FCF) and EBITDA are non-GAAP financial measures. See the Appendix for reconciliations to the most comparable GAAP measures for 2009-2019.
(2) Reflects average annual free cash flow, excluding the impact of merger and restructuring payments, relative to reported net income with 2017 net income adjusted to exclude tax reform benefits.
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2020 United Rentals, Inc. All rights reserved.
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