United Rentals Balance Sheet

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
Cash & Equivalents	459	457	363	106	144
Cash & Short-Term Investments	459	457	363	106	144
Cash Growth	0.44%	25.90%	242.45%	-26.39%	-28.71%
Accounts Receivable	2,510	2,357	2,230	2,004	1,677
Other Receivables	-	-	27	260	24
Receivables	2,510	2,357	2,257	2,264	1,701
Inventory	240	200	205	232	164
Prepaid Expenses	399	235	29	31	29
Other Current Assets	-	-	79	90	113
Total Current Assets	3,608	3,249	2,933	2,723	2,151
Property, Plant & Equipment	2,529	2,371	2,002	1,658	1,396
Goodwill	7,119	6,900	5,940	6,026	5,528
Other Intangible Assets	477	663	670	452	615
Other Long-Term Assets	16,133	14,980	14,044	13,324	10,602
Total Assets	29,866	28,163	25,589	24,183	20,292
Accounts Payable	776	748	905	1,139	816
Accrued Expenses	726	678	691	660	501
Short-Term Debt	-	-	100	100	-
Current Portion of Long-Term Debt	1,469	1,095	1,310	10	853
Current Portion of Leases	425	377	304	262	255
Current Unearned Revenue	175	185	138	131	83
Other Current Liabilities	248	240	189	143	95
Total Current Liabilities	3,819	3,323	3,637	2,445	2,603
Long-Term Debt	12,429	12,048	9,916	11,137	8,697
Long-Term Leases	1,347	1,269	1,032	714	703
Long-Term Deferred Tax Liabilities	3,115	2,685	2,701	2,671	2,154
Other Long-Term Liabilities	188	216	173	154	144
Total Liabilities	20,898	19,541	17,459	17,121	14,301
Common Stock	1	1	1	1	1
Additional Paid-In Capital	2,769	2,691	2,650	2,626	2,567
Retained Earnings	15,843	13,813	11,672	9,656	7,551
Treasury Stock	-9,396	-7,478	-5,965	-4,957	-3,957
Comprehensive Income & Other	-249	-405	-228	-264	-171
Shareholders' Equity	8,968	8,622	8,130	7,062	5,991
Total Liabilities & Equity	29,866	28,163	25,589	24,183	20,292
Total Debt	15,670	14,789	12,662	12,223	10,508
Net Cash (Debt)	-15,211	-14,332	-12,299	-12,117	-10,364
Net Cash Per Share	-235.45	-215.30	-179.00	-170.73	-142.33
Filing Date Shares Outstanding	63	65.31	67.19	69.36	72.42
Total Common Shares Outstanding	63.1	65.31	67.27	69.36	72.42
Working Capital	-211	-74	-704	278	-452
Book Value Per Share	142.13	132.03	120.86	101.82	82.73
Tangible Book Value	1,372	1,059	1,520	584	-152
Tangible Book Value Per Share	21.74	16.22	22.60	8.42	-2.10
Land	186	170	157	131	117
Buildings	-	-	230	205	199
Machinery	884	792	960	934	706
Leasehold Improvements	678	610	567	516	427

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