MCGRATH RENTCORP

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 $38.3m $153.9m $79.4m $96.8m $102.0m $89.7m $115.1m $174.6m $231.7m $156.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $79.4m $96.8m $102.0m $89.7m $115.1m $174.6m $231.7m $156.3m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $111.9m $231.7m $156.3m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $62.8m
Depreciation, Depletion and Amortization $81.2m $78.4m $82.0m $89.5m $94.6m $106.7m $111.3m $109.4m $107.5m $107.1m
Amortization of Debt Issuance Costs $51k $50k $20k $11k $11k $15k $16k $8k $66k $206k
Amortization of Intangible Assets $900k $900k $900k $900k $200k $5.9m $5.9m $10.7m $10.3m $10.5m
Depreciation $8.1m $7.6m $8.0m $8.2m $8.6m $8.9m $9.0m $9.7m $8.9m $9.6m
Deferred Income Tax Expense (Benefit) $7.7m ($96.6m) $12.0m $11.6m ($2.2m) $26.3m $4.5m $6.4m $38.6m $33.5m
Share-based Payment Arrangement, Noncash Expense $3.1m $3.2m $4.1m $5.9m $5.5m $7.7m $8.0m $8.3m $9.5m $11.2m
Payment, Tax Withholding, Share-based Payment Arrangement $1.3m $2.1m $3.3m $3.3m $4.4m $5.3m $6.5m $7.2m $4.4m $5.7m
Goodwill and Intangible Asset Impairment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $3.6m $9.3m
Income Tax Expense (Benefit) $28.7m ($70.5m) $25.3m $32.3m $30.1m $32.1m $34.9m $37.6m $81.9m $56.8m
Operating Lease, Expense $3.8m $3.8m $5.4m $5.9m $6.7m $6.4m $6.6m
Operating Lease, Lease Income $407.6m $399.5m $439.9m $520.8m $561.5m $589.3m $613.6m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $3.8m $10.5m $15.7m $7.3m ($3.4m) $24.4m $31.4m $37.8m ($6.1m) $14.2m
Increase (Decrease) in Inventories ($1.1m) ($6.3m)
Increase (Decrease) in Accounts Payable $11.8m ($330k)
Foreign Currency Transaction Gain (Loss), before Tax ($121k) $334k ($489k) $84k $78k ($210k) ($378k) $310k ($215k) $80k
Gain (Loss) on Sale of Properties $13.7m $17.7m $19.6m $21.3m $19.3m $25.4m $38.0m $31.6m $35.1m $44.2m
Goodwill $27.8m $27.8m $27.8m $28.2m $28.2m $132.4m $132.3m $323.2m $323.2m $332.6m
Proceeds from Stock Options Exercised $37k
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $61.5m
Other Operating Income (Expense), Net $3.6m $9.3m
Net Cash Provided by (Used in) Operating Activities $141.8m $122.4m $142.7m $188.0m $180.5m $195.7m $194.4m $95.3m $374.4m $255.7m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $10.5m $14.6m $15.7m $12.1m $13.7m $2.7m $17.6m $44.0m $40.2m $44.4m
Payments to Acquire Businesses, Net of Cash Acquired $7.5m $7.8m $283.1m $458.3m $23.8m
Net Cash Provided by (Used in) Investing Activities ($60.2m) ($70.9m) ($104.5m) ($143.1m) ($53.0m) ($351.7m) ($131.4m) ($391.9m) ($150.8m) ($127.1m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $13.6m
Payments of Ordinary Dividends, Common Stock $24.4m $24.9m $30.9m $35.5m $39.8m $42.2m $44.3m $45.6m $46.8m $47.9m
Dividends Payable $6.1m $6.3m $8.4m $9.5m $10.1m $11.3m $11.2m $12.0m $12.5m $12.7m
Net Cash Provided by (Used in) Financing Activities ($80.8m) ($49.9m) ($39.1m) ($44.0m) ($128.5m) $156.2m ($63.5m) $296.4m ($223.7m) ($129.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($2k) ($38k) ($993k) $834k ($1.1m) $253k ($534k) ($80k) ($70k) ($512k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $295k
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $12.4m $11.8m $12.6m $12.5m $9.1m $10.3m $14.8m $38.6m $48.3m $29.9m
Income Taxes Paid, Net $15.6m $29.5m $18.2m $17.5m $34.9m $9.1m $27.4m $91.6m $36.5m $10.1m