2022 Financial Outlook
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
(Loss) gain on sales of non-rental equipment
Insurance proceeds on damaged equipment (10)
Gain (loss) on sale of software subsidiary (7)
Merger related costs (2)
Restructuring charge (3)
Stock compensation expense, net (8)
Gain (loss) on extinguishment of debt securities, and amendments of debt
facilities
Loss on retirement of subordinated convertible debentures (1)
Excess tax benefits from share-based payment arrangements (11)
Changes in assets and liabilities
Cash paid for interest, including subordinated convertible debentures (1)
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
United Rentals
8
YTD
2009
2010
2011
2012
2013
2014
2015
2016 2017 2018
2019
2020
2021
2022
$ 438 $ 452 $ 612 $
721
$ 1,551 $ 1,801
$1,987
$ 1,941 $2,209 $ 2,853 $ 3,024
$ 2,658
$ 3,689
$2,040
NETEI
2
4
(17)
(23)
(22)
(23)
7
(1)
41
66
125
176
2
2
|ཀླིཎྜ॰|
(21)
(17
(10
(9
229
227
204
1 0 2
| ༅
(12)
(15)
(14)
(13)
(6)
220 278
313
332
431
213
6
11
8
4
4
6
6
8
10
4
8
12
21
22
22
24
40
40
25
17
ཙྪིཾགྷེ། ཚེ པ ཆྱེ8|
(31) (34) (19)
(8)
(28)
| |
I
|
8
(19) (111)
(99) (12)
(8)
(12)
(32)
(3)
(72)
(2)
ེ སྱི¥
$8 །
|
|
I
(9)
(11
26
1
(6
(46)
(74
(49
ེS །ཎ་ྒུ
(1)
(80
(123
(101
(2)
5
(58)
65
49
571
31
182
194
129 124
170
241
(328)
(152)
234
229
203
371
461
457
447
415
357 455
581
483
391
188
(49)
24
40
48
100
60
99
205
71
238
318
202
152
649
879
1,501
2,181
2,599
2,774
2,665 2,895 3,628
4,200
3,796
4,253
2,378
ངྒཱིརྦཱཤྩ ། བྷེ ཆེདྡྷེ།
(50 (36)
360
(1)
(3)
(54
55
(50 (31)
(18)
(87 (102)
(61)
བྱེབྱེ ;
(17)
(2)
(1)
(70)
(119)
(60)
(61) (183)
31
(30)
(17)
|
|
31
| ∞ |
|
19
111
9
11
(26)
50
36
1
1
3
34
19
99
12
(1)
6
14
50
31
18
17
2
1
8
8
12
32
46
74
49
45
87
102
61
70
119
60
37
44
35
29
35
82
66
75
49
37
11
(8)
1
$
628 $
691 $
929 $ 1,772
$ 2,293
$ 2,718
United Rentals, Inc., 100 First Stamford Place, Stamford, CT 06902.2022 United Rentals, Inc. All rights reserved.
$ 2,832 $ 2,759 $ 3,164 $3,863 $ 4,355
---
$ 3,932
---
--
$ 4,414
$ 2,450
50View entire presentation