← HERC HOLDINGS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | ($19.7m) | $160.3m | $69.1m | $47.5m | $73.7m | $224.1m | $329.9m | $347.0m | $211.0m | $1.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($19.7m) | $160.3m | $69.1m | $47.5m | $73.7m | $224.1m | $329.9m | $347.0m | $211.0m | $1.0m | |
| Amortization of Debt Issuance Costs | $5.6m | $6.4m | $6.3m | $5.2m | $3.4m | $3.2m | $3.3m | $4.0m | $5.0m | $8.0m | |
| Amortization of Intangible Assets | $5.1m | $4.7m | $5.4m | $7.0m | $8.0m | $12.4m | $31.4m | $41.0m | $45.0m | $115.0m | |
| Depreciation, Nonproduction | $39.7m | $46.8m | $51.9m | $54.0m | $54.5m | $55.6m | $63.5m | $71.0m | $82.0m | $109.0m | |
| Deferred Income Tax Expense (Benefit) | $12.3m | ($228.4m) | ($9.9m) | $10.3m | $12.5m | $53.4m | $83.8m | $89.0m | $59.0m | ($9.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $5.5m | $10.1m | $13.4m | $19.5m | $16.4m | $23.3m | $27.1m | $18.0m | $17.0m | $34.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $500k | $100k | $1.1m | $3.7m | $3.0m | $9.0m | $15.5m | $25.0m | $12.0m | $8.0m | |
| Share-based Payment Arrangement, Expense | $5.5m | $10.1m | $13.4m | $19.5m | $16.4m | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $1.0m | — | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | ($48.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | $1.1m | $5.9m | $9.7m | $7.7m | $6.6m | $4.6m | $7.5m | $15.0m | $10.0m | $20.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | $5.4m | — | $0 | $0 | — | $0 | $0 | ($2.0m) | |
| Income (Loss) from Equity Method Investments | $2.3m | $1.9m | $1.6m | $300k | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $14.8m | ($224.7m) | ($300k) | $16.1m | $20.4m | $66.3m | $103.5m | $100.0m | $80.0m | $0 | |
| Operating Lease, Lease Income | — | — | — | — | $1.5b | $1.9b | $2.6b | $2.7b | $3.0b | $3.5b | |
| Other Nonoperating Income (Expense) | $2.4m | $3.4m | $200k | $2.4m | ($3.9m) | $2.2m | ($200k) | $8.0m | $2.0m | ($6.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $59.2m | $131.6m | $29.9m | $38.3m | $24.6m | $92.7m | $171.9m | $98.0m | $62.0m | $46.0m | |
| Increase (Decrease) in Accounts Payable | $9.2m | ($10.0m) | ($1.7m) | ($12.9m) | ($6.4m) | $22.9m | ($22.4m) | $7.0m | $2.0m | $36.0m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $0 | $0 | — | — | — | — | — | — | — | — | |
| Equipment Expense | — | — | — | — | $403.9m | $420.7m | $535.9m | $643.0m | $679.0m | $856.0m | |
| Goodwill | $91.0m | $91.0m | $91.0m | $93.6m | $100.5m | $231.5m | $418.7m | $483.0m | $670.0m | $2.9b | |
| Inventory Write-down | $4.2m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | $0 | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $10.0m | $700k | $500k | $800k | $5.6m | $2.2m | $200k | $3.0m | $2.0m | $0 | |
| Restructuring Costs | — | — | — | — | $0 | $0 | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $2.0b | $2.0b | $1.8b | $2.1b | $2.7b | $600.0m | $592.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $433.4m | $341.7m | $559.1m | $635.6m | $610.9m | $744.0m | $916.7m | $1.1b | $1.2b | $1.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $47.8m | $74.6m | $77.6m | $56.9m | $41.4m | $48.0m | $103.7m | $156.0m | $161.0m | $157.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | $45.6m | $431.0m | $515.2m | $430.0m | $600.0m | $4.3b | |
| Payments for (Proceeds from) Other Investing Activities | $0 | $0 | — | — | $0 | $0 | $23.0m | $15.0m | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($398.4m) | ($403.0m) | ($567.0m) | ($463.6m) | ($207.5m) | ($961.3m) | ($1.7b) | ($1.6b) | ($1.5b) | ($4.9b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.2b | $0 | $0 | $1.2b | $0 | $0 | $0 | $0 | $800.0m | $4.7b | |
| Repayments of Long-term Debt | $0 | $247.0m | $123.5m | $864.5m | $0 | $0 | — | $0 | $0 | $1.2b | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | — | $0 | $0 | $115.2m | $120.0m | $0 | $0 | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $14.8m | $68.1m | $73.0m | $77.0m | $87.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($38.7m) | $77.5m | ($4.2m) | ($167.1m) | ($406.0m) | $219.6m | $784.1m | $512.0m | $299.0m | $3.8b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($400k) | — | ($1.6m) | $300k | $2.6m | ($200k) | ($600k) | $0 | ($1.0m) | $1.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($400k) | $1.3m | ($13.7m) | $5.2m | $0 | $2.1m | $18.4m | $17.0m | $12.0m | ($31.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $27.8m | $33.0m | $33.0m | $35.1m | $53.5m | $71.0m | $83.0m | $52.0m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $70.7m | $131.7m | $129.3m | $130.6m | $92.4m | $82.7m | $114.1m | $221.0m | $258.0m | $419.0m | |
| Income Taxes Paid, Net | $2.9m | ($5.5m) | $13.4m | $7.9m | $5.0m | $22.8m | $22.1m | $30.0m | $12.0m | $24.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.