Herc Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1	211	347	330	224
Depreciation & Amortization	224	127	112	95	68
Other Amortization	864	684	647	540	424
Loss (Gain) From Sale of Assets	-43	107	-94	-36	-19
Asset Writedown & Restructuring Costs	6	-	-	-	-
Stock-Based Compensation	34	17	18	27	23
Provision & Write-off of Bad Debts	88	70	65	52	28
Other Operating Activities	8	71	90	88	58
Change in Accounts Receivable	-46	-62	-98	-172	-92
Change in Accounts Payable	36	2	7	-23	23
Change in Other Net Operating Assets	-87	-2	-8	16	6
Operating Cash Flow	1,085	1,225	1,086	917	743
Operating Cash Flow Growth	-11.43%	12.80%	18.43%	23.42%	21.62%
Capital Expenditures	-806	-921	-1,151	-1,151	-534
Sale of Property, Plant & Equipment	20	10	15	7	5
Cash Acquisitions	-4,257	-600	-430	-515	-431
Divestitures	99	-	-	-	-
Other Investing Activities	-	-	-15	-23	-
Investing Cash Flow	-4,944	-1,511	-1,581	-1,682	-960
Long-Term Debt Issued	9,246	2,808	2,127	2,618	1,132
Long-Term Debt Repaid	-5,314	-2,418	-1,403	-1,631	-893
Net Debt Issued (Repaid)	3,932	390	724	987	239
Issuance of Common Stock	6	7	7	4	5
Repurchase of Common Stock	-	-	-120	-115	-
Common Dividends Paid	-87	-77	-73	-68	-15
Other Financing Activities	-24	-21	-26	-23	-9
Financing Cash Flow	3,827	299	512	785	220
Foreign Exchange Rate Adjustments	1	-1	-	-1	-1
Net Cash Flow	-31	12	17	19	2
Free Cash Flow	279	304	-65	-234	209
Free Cash Flow Growth	-8.22%	-	-	-	-49.99%
Free Cash Flow Margin	6.38%	8.52%	-1.98%	-8.54%	10.08%
Free Cash Flow Per Share	8.88	10.67	-2.27	-7.75	6.88
Cash Interest Paid	419	258	221	114	83
Cash Income Tax Paid	24	12	30	22	23
Levered Free Cash Flow	403.75	233.75	-259.63	-301.28	258.9
Unlevered Free Cash Flow	655.75	391.25	-123.63	-229.03	308.65
Change in Working Capital	-97	-62	-99	-179	-63

Source: S&P Global Market Intelligence. Standard template. Financial Sources.