Investor Presentaiton
Historical EBITDA and Adjusted EBITDA GAAP
Reconciliations ($M) (cont'd)
Net cash provided by operating activities (9)
Adjustments for items included in net cash provided by operating activities but
excluded from the calculation of EBITDA:
Loss from discontinued operation, net of taxes
Amortization of deferred financing costs and original issue discounts
Gain on sales of rental equipment
Gain on sales of non-rental equipment
Gain on insurance proceeds on damaged equipment (10)
Gain (loss) on sale of software subsidiary (7)
Merger related costs (2)
Restructuring charge (3)
2009 2010
2011
2012 2013
2014
2015 2016
2017 2018
YTD
2019
$ 438 $ 452 $ 612 $ 721 $1,551 $ 1,801 $1,987 $ 1,941 $ 2,209 $2,853 $ 1,590
4
(17)
(23) (22)
(23) (21) (17) (10)
(9
(12)
(8)
66
125
176
229
227
204
220
278
148
2
2
6
11
8
4
6
3
8
12
21
22
12
®ཕྱེ། ། |རྒྱབྱེ॰
41
སྐྱི+ | | | |$ ཚེ
N |
| €
1.
- 31
∞ ∞ | 2
GINA
1
8
(19)
(111)
(9)
26
(50)
(36)
(1)
(31)
(34) (19) (99) (12)
(6)
(14) (50) (31)
(14)
Stock compensation expense, net (8)
(8)
(8) (12)
(32)
(46)
(74)
(49)
(45) (87) (102)
(31)
Gain (loss) on extinguishment of debt securities, and amendments of debt
facilities
7
(28)
(3)
Loss on retirement of subordinated convertible debentures (1)
13
(2)
Excess tax benefits from share-based payment arrangements (11)
Changes in assets and liabilities
Cash paid for interest, including subordinated convertible debentures (1)
5ཕྲུགྲྭ། |བྱེ
(72)
(1)
(80) (123) (101) (54)
(2)
(58)
65
49
571
31
182
234
229
203
371
461
457
3
(49)
24
40
48
100
། ॰ ༈ ༈༙ 8
5
58
194
101
129
124
(136)
447
415
357
455
301
60
99
205
71
589
649
879 1,501 2,181
2,599
2,774
2,665 2,895 3,628
73
1,905
|
$| |8gཤྩ།
(32)
Cash paid (received) for income taxes, net
EBITDA
Add back:
Merger related costs (2)
Restructuring charge (3)
Stock compensation expense, net (8)
Impact of the fair value mark-up of acquired fleet (6)
(Gain) loss on sale of software subsidiary (7)
Adjusted EBITDA
| $ ྋ
8
| ∞ |
31
19
111
9
11
34
19
99
12
==
(26)
(1)
6
14
550
36
1
31
14
8
12
IN
32
46
74
49
45
87
102
31
37
44
35
29
35
82
66
43
$ 628 $ 691 $
| 「ཱ
-
(8)
1
-
-
-
929 $1,772 $2,293 $2,718 $2,832 $ 2,759 $3,164 $ 3,863
$ 1,994
United Rentals®
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902. 2018 United Rentals, Inc. All rights reserved.
52
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