United Rentals, Inc. (URI)
NYSE: URI · Real-Time Price · USD
1,035.57
+5.32 (0.52%)
Aug 31, 2026, 3:54 PM EDT - Market open
United Rentals Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 2,638 | 2,494 | 2,575 | 2,424 | 2,105 | 1,386 |
Depreciation & Amortization | 446 | 438 | 437 | 431 | 364 | 372 |
Other Amortization | 2,782 | 2,685 | 2,481 | 2,364 | 1,866 | 1,624 |
Loss (Gain) From Sale of Assets | -700 | -653 | -727 | -807 | -575 | -441 |
Asset Writedown & Restructuring Costs | 51 | 1 | 3 | 28 | - | 2 |
Stock-Based Compensation | 143 | 134 | 112 | 94 | 127 | 119 |
Other Operating Activities | 615 | 370 | -69 | -3 | 522 | 276 |
Change in Accounts Receivable | -397 | -120 | -20 | -167 | -329 | -300 |
Change in Inventory | -51 | -38 | 15 | 19 | -25 | 9 |
Change in Accounts Payable | 72 | -22 | -203 | -45 | 304 | 307 |
Change in Other Net Operating Assets | 143 | -99 | -58 | 366 | 74 | 335 |
Operating Cash Flow | 5,742 | 5,190 | 4,546 | 4,704 | 4,433 | 3,689 |
Operating Cash Flow Growth | 14.72% | 14.17% | -3.36% | 6.11% | 20.17% | 38.79% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -3,711 | -3,115 | -2,606 | -2,496 | -2,725 | -2,230 |
Sale of Property, Plant & Equipment | 51 | 56 | 67 | 60 | 24 | 30 |
Cash Acquisitions | -741 | -357 | -1,655 | -574 | -2,340 | -1,436 |
Investment in Securities | 1 | -3 | -5 | -4 | -7 | - |
Other Investing Activities | 50 | 50 | 51 | 38 | 32 | 25 |
Investing Cash Flow | -4,268 | -3,369 | -4,148 | -2,976 | -5,016 | -3,611 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 11,182 | 11,609 | 8,576 | 9,885 | 8,364 |
Long-Term Debt Repaid | - | -10,529 | -9,861 | -8,574 | -8,241 | -8,462 |
Net Debt Issued (Repaid) | 685 | 653 | 1,748 | 2 | 1,644 | -98 |
Repurchase of Common Stock | -2,065 | -1,969 | -1,571 | -1,070 | -1,068 | -34 |
Common Dividends Paid | -477 | -464 | -434 | -406 | - | - |
Other Financing Activities | -43 | -61 | -17 | - | -24 | -8 |
Financing Cash Flow | -1,900 | -1,841 | -274 | -1,474 | 552 | -140 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | -10 | 22 | -30 | 3 | -7 | 4 |
Net Cash Flow | -436 | 2 | 94 | 257 | -38 | -58 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 2,031 | 2,075 | 1,940 | 2,208 | 1,708 | 1,459 |
Free Cash Flow Growth | -2.03% | 6.96% | -12.14% | 29.27% | 17.07% | -38.13% |
Free Cash Flow Margin | 12.07% | 12.89% | 12.64% | 15.41% | 14.67% | 15.02% |
Free Cash Flow Per Share | 32.03 | 32.12 | 29.14 | 32.13 | 24.07 | 20.04 |
Levered Free Cash Flow | 1,706 | 1,930 | 2,280 | 2,370 | 1,359 | 1,383 |
Unlevered Free Cash Flow | 2,138 | 2,355 | 2,697 | 2,753 | 1,624 | 1,616 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Interest Paid | 706 | 703 | 674 | 614 | 406 | 391 |
Cash Income Tax Paid | 220 | 602 | 994 | 493 | 326 | 202 |
Change in Working Capital | -233 | -279 | -266 | 173 | 24 | 351 |