HEES Stock Cash Flow Statements

H&E Equipment Services . Quarterly Cash Flow Statements Chart

Quarterly

Annual

Stock-Based Compensation

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Free Cash Flow

Capital Expenditure

H&E Equipment Services . Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31

cash flows from operating activities:
net income	-6,208,000	32,764,000	31,068,000	33,261,000	25,889,000	53,524,000	48,879,000	41,216,000	25,674,000	51,152,000	38,376,000	26,346,000	16,296,000	53,086,000	29,537,000	15,766,000	4,151,000	-14,617,000	10,103,000	8,815,000	-36,968,000	21,923,000	28,431,000	22,614,000	14,243,000	25,060,000	21,314,000	20,771,000	9,478,000	85,928,000	8,462,000	9,878,000	5,390,000	12,430,000	11,665,000	7,503,000	5,574,000	11,967,000	14,772,000	11,480,000	6,086,000	16,677,000	15,300,000	15,726,000	7,436,000	14,601,000	13,953,000	10,809,000	4,777,000	10,704,000	3,709,000	10,468,000	3,955,000	7,862,000	4,848,000	2,689,000	-6,473,000	-2,509,000	-3,780,000	-7,093,000	-12,078,000	-12,104,000	-2,280,000	263,000	2,178,000	-635,000	17,604,000	16,118,000	10,209,000	17,072,000	20,194,000	15,226,000	12,134,000	20,522,000	-11,531,000	13,853,000	9,870,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization of property and equipment	13,119,000	13,234,000	12,692,000	11,643,000	10,413,000	9,368,000	9,003,000	8,293,000	8,033,000	7,921,000	7,008,000	7,024,000	6,857,000	6,686,000	6,660,000	7,097,000	6,904,000	7,071,000	7,519,000	7,371,000	7,398,000	7,584,000	7,214,000	7,148,000	6,479,000	6,226,000	6,282,000	6,201,000	5,884,000	5,698,000	5,977,000	6,020,000	6,095,000	6,961,000	6,857,000	6,762,000	6,702,000	6,473,000	6,241,000	6,030,000	5,624,000				4,780,000				3,935,000
depreciation of rental equipment	94,952,000	96,340,000	95,194,000	92,398,000	91,398,000	88,876,000	90,361,000	85,913,000	81,872,000	79,134,000	65,952,000	62,288,000	60,021,000	59,467,000	58,339,000	58,337,000	55,349,000	56,584,000	58,083,000	59,156,000	59,986,000	62,133,000	63,065,000	61,434,000	57,148,000	55,753,000	55,060,000	51,171,000	46,469,000	43,459,000	43,255,000	41,838,000	40,903,000	41,715,000	41,528,000	39,675,000	39,497,000	40,968,000	40,963,000	40,214,000	39,944,000				32,998,000				28,132,000
amortization of finance lease right-of-use assets	128,000	127,000	128,000	103,000	87,000	86,000	73,000	41,000	40,000	41,000	40,000			0	41,000	40,000	41,000	41,000	40,000	41,000	40,000	41,000	41,000	40,000	41,000
amortization of intangible assets	2,598,000	2,597,000	2,598,000	2,583,000	2,487,000	1,407,000	1,683,000	1,682,000	1,683,000	1,682,000	993,000	992,000	993,000	992,000	993,000	992,000	993,000	991,000	994,000	992,000	1,010,000	1,041,000	1,042,000	1,097,000	952,000	905,000	930,000	780,000	705,000																					0	16,000	25,000	25,000	25,000	90,000	123,000	124,000	124,000	140,000	147,000	148,000	147,000	148,000	148,000	148,000	115,000	641,000	754,000	713,000	790,000
amortization of deferred financing costs	349,000	350,000	351,000	349,000	350,000	350,000	349,000	351,000	309,000	242,000	243,000	243,000	242,000	242,000	243,000	244,000	242,000	249,000	251,000	253,000	251,000	253,000	253,000	250,000	254,000	264,000	262,000	268,000	289,000	261,000	259,000	264,000	262,000	263,000	263,000	264,000	262,000	262,000	263,000	262,000	249,000	220,000	217,000	229,000	268,000	268,000	269,000	276,000	281,000
accretion of note discount, net of premium amortization	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	293,000	150,000	120,000	118,000	120,000	120,000	118,000	119,000	120,000	120,000	118,000	119,000	120,000	35,000	155,000	42,000	42,000	44,000	41,000	41,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	42,000	105,000
non-cash operating lease expense	4,716,000	6,421,000	6,221,000	5,554,000	5,675,000	5,390,000	5,008,000	4,644,000	4,560,000	4,032,000	3,709,000	2,811,000	3,983,000	1,819,000	3,719,000	3,846,000	3,580,000	2,104,000	4,859,000	2,939,000	2,821,000
benefit from inventory obsolescence	92,000	15,000				172,000	0			0				0	16,000	12,000	26,000	32,000	83,000	0	12,000	0	37,000	73,000	42,000	48,000	3,000	4,000	67,000	10,000	80,000	50,000	21,000	45,000	68,000	7,000	7,000	94,000	102,000	70,000	29,000	3,000	93,000	0	63,000	12,000	114,000	38,000	56,000	2,000	93,000	0	31,000	40,000	31,000	50,000	89,000	123,000	122,000	9,000	61,000	1,000	8,000	5,000	34,000	15,000	12,000	11,000	16,000	29,000	36,000	9,000	16,000		1,000
benefit from losses on accounts receivable	1,442,000	1,286,000	1,361,000	1,326,000	1,349,000	1,476,000	1,536,000	739,000	1,107,000	975,000	929,000	715,000	645,000	692,000	413,000	456,000	331,000	678,000	390,000	1,277,000	1,673,000	1,734,000	1,579,000	1,179,000	1,301,000	685,000	377,000	862,000	817,000	884,000	1,190,000	873,000	985,000	414,000	715,000	1,000,000	1,008,000	995,000	1,053,000	755,000	638,000	722,000	763,000	640,000	734,000	846,000	775,000	806,000	767,000	915,000	834,000	846,000	885,000	996,000	735,000	605,000	846,000	739,000	907,000	938,000	580,000	485,000	708,000	821,000	1,232,000	1,321,000	222,000	874,000	647,000	500,000	622,000	577,000	513,000	468,000	456,000	463,000	538,000
deferred income taxes	-10,171,000
stock-based compensation expense	2,811,000	2,630,000	2,616,000	2,202,000	3,788,000	2,722,000	2,275,000	2,039,000	2,990,000	2,348,000	1,926,000	1,311,000	1,678,000	832,000	1,057,000	942,000	1,601,000	1,067,000	639,000	1,004,000	1,652,000	1,610,000	1,037,000	835,000	1,188,000	1,216,000	917,000	762,000	1,319,000	912,000	720,000	713,000	1,181,000	729,000	641,000	626,000	1,041,000	619,000	531,000	484,000	1,021,000	406,000	573,000	811,000	808,000	509,000	505,000	666,000	938,000	639,000	426,000	465,000	332,000	333,000	334,000	362,000	298,000	298,000	301,000	231,000	209,000	81,000	228,000	138,000	279,000	410,000	412,000	315,000	316,000	317,000	317,000	311,000	310,000
gain from sales of property and equipment	-3,623,000	-3,216,000	-1,664,000	-3,352,000	-1,433,000	-1,523,000	-763,000	-436,000	-667,000	-13,925,000	-529,000	-996,000	-1,386,000	-797,000	-6,166,000	-680,000	-154,000	-1,706,000	-2,102,000	-2,894,000	-4,264,000	-2,278,000	-718,000	-880,000	-741,000	-1,078,000	-1,153,000	-4,114,000	-773,000	-578,000	-2,325,000	-1,135,000	-971,000	-984,000	-927,000	-712,000	-662,000	-968,000	-339,000	-972,000	-458,000				-662,000				-500,000
gain from sales of rental equipment	-14,109,000	-16,683,000	-16,732,000	-21,812,000	-30,265,000	-26,773,000	-30,735,000	-23,407,000	-18,714,000	-15,271,000	-10,785,000	-8,435,000	-8,906,000	-11,482,000	-12,204,000	-13,876,000	-13,194,000	-14,626,000	-11,878,000	-10,657,000	-10,567,000	-13,833,000	-9,541,000	-12,618,000	-10,621,000	-10,711,000	-9,635,000	-10,261,000	-7,745,000	-9,686,000	-6,847,000	-6,750,000	-8,599,000	-7,553,000	-5,983,000	-6,583,000	-8,884,000	-10,172,000	-8,188,000	-8,847,000	-7,927,000				-8,357,000				-8,498,000
changes in operating assets and liabilities:
receivables	35,771,000	2,295,000	-5,547,000	-4,473,000	6,266,000	5,290,000	-29,017,000	-10,658,000	7,474,000	-11,941,000	-20,575,000	-22,731,000	-4,521,000	-342,000	-4,345,000	-15,137,000	22,692,000	-11,941,000	-21,495,000	21,648,000	21,116,000	11,267,000	-6,809,000	-12,841,000	17,605,000	-10,936,000	-15,946,000	-13,293,000	22,414,000	-24,201,000	-12,537,000	-2,926,000	-348,000	-1,618,000	-1,338,000	6,537,000	573,000	-1,716,000	148,000	-16,679,000	31,813,000	-18,538,000	-2,746,000	-7,918,000	-6,022,000	8,653,000	-8,314,000	-2,611,000	8,775,000	-18,680,000	-16,783,000	-10,454,000	6,109,000	-6,598,000	-2,910,000	-14,461,000	14,587,000	-1,912,000	-19,709,000	-9,411,000	730,000	17,236,000	6,924,000	11,692,000	39,194,000	-8,591,000	4,261,000	-12,396,000	15,927,000	1,050,000	-24,760,000	-2,782,000	-4,956,000	1,502,000	-2,285,000	-13,118,000	11,040,000
inventories	13,000	9,043,000	-179,000	37,011,000	-33,965,000	24,849,000	52,948,000	-16,572,000	-138,147,000	9,143,000	3,039,000	-27,886,000	-59,671,000	-9,851,000	26,967,000	25,362,000	-99,013,000	-1,809,000	4,685,000	20,974,000	-33,371,000	19,994,000	16,366,000	2,065,000	-58,062,000	8,125,000	47,276,000	-14,957,000	-88,674,000	7,159,000	10,655,000	-4,783,000	-44,802,000	19,487,000	37,247,000	-29,232,000	-23,235,000	4,156,000	29,254,000	11,818,000	-59,745,000	25,730,000	-15,898,000	5,959,000	-82,514,000	5,143,000	21,728,000	-1,166,000	-93,459,000	29,197,000	-2,221,000	-6,185,000	-63,928,000	11,424,000	-2,949,000	2,802,000	-32,838,000	17,330,000	-20,810,000	-5,440,000	2,158,000	12,497,000	14,664,000	5,919,000	-9,898,000	-10,247,000	18,704,000	-13,286,000	-23,235,000	-3,712,000	3,394,000	-17,961,000	-39,152,000	-11,634,000	-6,091,000	-16,976,000	-35,248,000
prepaid expenses and other assets	-10,485,000	3,259,000	3,568,000	516,000	-9,803,000	4,617,000	21,440,000	-7,314,000	-6,019,000	239,000	6,497,000	-1,337,000	-5,400,000	-5,429,000	1,643,000	112,000	-7,249,000	1,238,000	7,185,000	-1,422,000	-7,118,000	3,365,000	-129,000	-852,000	-2,117,000	-1,140,000	303,000	2,109,000	-2,237,000	-53,000	305,000	2,185,000	-4,096,000	1,381,000	671,000	459,000	30,000	2,794,000	2,397,000	-3,661,000	-2,438,000	-1,260,000	919,000	1,236,000	-4,017,000	434,000	2,019,000	-1,267,000	-2,001,000	-99,000	407,000	444,000	-736,000	280,000	2,718,000	3,890,000	-3,431,000	566,000	-72,000	661,000	-2,835,000	68,000	769,000	2,163,000	1,722,000	-1,645,000	-4,045,000	1,298,000	-1,060,000	2,299,000	381,000	129,000	-2,473,000	-1,751,000	-1,348,000	276,000	-3,365,000
accounts payable	-3,289,000	-15,001,000	-5,202,000	-23,527,000	1,399,000	-35,637,000	-70,061,000	-4,127,000	65,837,000	3,684,000	-14,955,000	24,017,000	17,253,000	10,076,000	-22,672,000	-38,614,000	62,418,000	19,493,000	-2,528,000	4,544,000	9,533,000	-26,487,000	-33,463,000	3,053,000	13,539,000	17,075,000	-69,786,000	14,321,000	45,384,000	8,227,000	501,000	6,167,000	35,454,000	-8,796,000	-40,871,000	22,659,000	-337,000	12,837,000	-9,906,000	-9,020,000	19,525,000	-36,606,000	-5,252,000	-17,307,000	44,727,000	15,155,000	-24,181,000	-20,721,000	61,406,000	-39,588,000	-5,687,000	-7,909,000	26,298,000	2,920,000	5,574,000	-5,456,000	1,531,000	-3,505,000	22,160,000	5,751,000	5,165,000	803,000	-9,767,000	-23,126,000	-32,711,000	10,460,000	-11,673,000	28,355,000	-18,370,000	-24,033,000	5,845,000	20,802,000	12,037,000	-688,000	-15,237,000	23,542,000	-2,792,000
manufacturer flooring plans payable		-1,715,000	-927,000	628,000	-694,000	51,000	151,000	1,810,000	274,000	-16,202,000	-4,883,000	1,989,000	-1,406,000	3,381,000	10,217,000	-3,198,000	909,000	-2,031,000	-5,031,000	-1,084,000	-7,440,000	-724,000	859,000	-1,284,000	2,684,000	-2,806,000	-2,288,000	648,000	6,110,000	-1,284,000	-2,538,000	-11,116,000	6,160,000	-7,446,000	-7,741,000	-18,150,000	1,684,000	2,529,000	-12,951,000	-1,439,000	-19,306,000	1,186,000	40,272,000	-4,171,000	7,251,000	-647,000	-6,661,000	-11,323,000	16,854,000	-6,086,000	-7,125,000	4,132,000	1,600,000	-4,593,000	-3,555,000	-7,276,000	-1,316,000	-445,000	-1,843,000	-2,713,000	-12,809,000	-7,124,000	-5,295,000	-8,399,000	-14,004,000	-13,651,000	-11,199,000	11,614,000	-22,013,000	2,441,000	-11,038,000	8,937,000	-5,216,000	18,008,000	13,037,000	-974,000	24,229,000
accrued expenses payable and other liabilities	-10,600,000	-6,106,000	13,276,000	-11,830,000	4,838,000	-16,835,000	17,039,000	-6,183,000	11,000	-19,387,000	19,112,000	-11,792,000	6,614,000	-25,861,000	18,278,000	-13,530,000	6,206,000	-8,760,000	-1,152,000	10,317,000	-23,643,000	-4,483,000	-6,786,000	17,026,000	-10,137,000	11,533,000	-8,572,000	15,410,000	-15,799,000	11,305,000	-6,790,000	15,184,000	-11,469,000	6,103,000	-9,036,000	17,561,000	-12,961,000	6,489,000	-9,596,000	16,693,000	-18,581,000	15,057,000	-11,922,000	18,332,000	-15,357,000	8,560,000	-8,950,000	17,946,000	-13,640,000	12,957,000	-10,739,000	16,236,000	-6,422,000	7,191,000	-5,411,000	6,254,000	-5,543,000	2,768,000	-1,945,000	5,044,000	-7,138,000	1,914,000	-4,422,000	2,051,000	-9,473,000	3,599,000	612,000	5,254,000	-6,174,000	-652,000	1,452,000	4,105,000	260,000	-451,000	3,653,000	-6,625,000	9,993,000
net cash from operating activities	97,799,000	129,445,000	149,796,000	133,010,000	83,350,000	128,981,000	141,592,000	91,685,000	43,225,000	102,036,000	107,013,000	65,704,000	38,485,000	57,508,000	121,605,000	33,544,000	46,915,000	68,923,000	56,627,000	126,004,000	34,462,000	111,611,000	72,655,000	95,884,000	39,068,000	109,186,000	32,610,000	77,109,000	28,306,000	69,806,000	63,686,000	62,100,000	30,607,000	67,576,000	41,826,000	53,839,000	13,738,000	85,523,000	65,455,000	55,084,000	558,000	51,696,000	68,769,000	51,720,000	-13,867,000	88,866,000	20,958,000	20,015,000	8,813,000	19,346,000	3,472,000	29,879,000	-11,674,000	43,493,000	21,566,000	10,412,000	-15,086,000	31,933,000	-6,800,000	3,265,000	-10,460,000	34,898,000	20,139,000	14,372,000	3,492,000	24,868,000	46,034,000	67,508,000	-17,943,000	27,478,000	26,843,000	55,297,000	-5,524,000	46,679,000	34,365,000	16,131,000	20,554,000
capex	-15,453,000	-11,757,000	-17,244,000	-37,917,000	-39,137,000	-28,460,000	-22,019,000	-21,005,000	-12,388,000	-15,125,000	-11,870,000	-14,051,000	-10,973,000	-9,465,000	-8,508,000	-9,053,000	-7,171,000	-1,768,000	-4,032,000	-3,229,000	-10,064,000	-11,165,000	-13,363,000	-11,239,000	-6,876,000	-8,169,000	-7,727,000	-15,009,000	-4,528,000	-6,409,000	-3,819,000	-6,529,000	-5,781,000	-6,141,000	-5,897,000	-6,669,000	-4,574,000	-4,480,000	-9,445,000	-6,410,000	-6,462,000	-8,249,000	-14,414,000	-4,513,000	-6,059,000	-8,745,000	-8,402,000	-6,044,000	-6,288,000	-10,350,000	-7,589,000	-10,053,000	-9,369,000	-6,483,000	-5,657,000	-2,859,000	-3,434,000	-1,390,000	-2,083,000	-509,000	-670,000	-3,967,000	-3,034,000	-5,271,000	-7,123,000	-8,061,000	-4,778,000	-8,576,000	-3,172,000	-5,630,000	-6,331,000	-4,028,000	-1,966,000	-3,330,000	-3,182,000	-4,572,000	-5,599,000
free cash flows	82,346,000	117,688,000	132,552,000	95,093,000	44,213,000	100,521,000	119,573,000	70,680,000	30,837,000	86,911,000	95,143,000	51,653,000	27,512,000	48,043,000	113,097,000	24,491,000	39,744,000	67,155,000	52,595,000	122,775,000	24,398,000	100,446,000	59,292,000	84,645,000	32,192,000	101,017,000	24,883,000	62,100,000	23,778,000	63,397,000	59,867,000	55,571,000	24,826,000	61,435,000	35,929,000	47,170,000	9,164,000	81,043,000	56,010,000	48,674,000	-5,904,000	43,447,000	54,355,000	47,207,000	-19,926,000	80,121,000	12,556,000	13,971,000	2,525,000	8,996,000	-4,117,000	19,826,000	-21,043,000	37,010,000	15,909,000	7,553,000	-18,520,000	30,543,000	-8,883,000	2,756,000	-11,130,000	30,931,000	17,105,000	9,101,000	-3,631,000	16,807,000	41,256,000	58,932,000	-21,115,000	21,848,000	20,512,000	51,269,000	-7,490,000	43,349,000	31,183,000	11,559,000	14,955,000
cash flows from investing activities:
acquisition of business					-121,571,000
purchases of property and equipment	-16,613,000	-12,743,000	-16,819,000	-37,917,000	-39,137,000	-28,460,000	-22,019,000	-21,005,000	-12,388,000	-15,125,000	-11,870,000	-13,801,000	-10,656,000	-9,899,000	-8,496,000	-8,898,000	-7,329,000	-1,381,000	-3,772,000	-3,442,000	-10,069,000	-11,660,000	-12,883,000	-11,347,000	-7,221,000	-7,922,000	-7,477,000	-15,056,000	-4,505,000	-6,513,000	-3,865,000	-6,333,000	-5,804,000	-6,142,000	-5,288,000	-6,499,000	-4,966,000	-4,480,000	-9,445,000	-6,410,000	-6,462,000	-8,249,000	-14,414,000	-4,513,000	-6,059,000	-8,745,000	-8,402,000	-6,044,000	-6,288,000	-10,350,000	-7,589,000	-10,053,000	-9,369,000	-6,483,000	-5,657,000	-2,859,000	-3,434,000	-1,390,000	-2,083,000	-509,000	-670,000	-3,967,000	-3,034,000	-5,271,000	-7,123,000	-8,061,000	-4,778,000	-8,576,000	-3,172,000	-5,630,000	-6,331,000	-4,028,000	-1,966,000	-3,330,000	-3,182,000	-4,572,000	-5,599,000
purchases of rental equipment	-13,422,000	-56,213,000	-136,595,000	-120,775,000	-31,059,000	-139,364,000	-214,454,000	-231,564,000	-76,578,000	-127,278,000	-162,381,000	-130,386,000	-44,389,000	-79,619,000	-110,010,000	-172,140,000	-56,313,000	-34,937,000	-25,978,000	-35,663,000	-19,785,000	-40,504,000	-94,476,000	-126,030,000	-48,644,000	-65,954,000	-132,818,000	-177,174,000	-40,654,000	-50,455,000	-70,808,000	-78,967,000	-33,979,000	-27,065,000	-83,500,000	-56,524,000	-12,620,000	-41,588,000	-65,265,000	-51,989,000	-19,930,000	-94,215,000	-112,697,000	-121,916,000	-39,663,000	-69,702,000	-76,753,000	-86,910,000	-34,100,000	-55,892,000	-92,763,000	-89,628,000	-29,946,000	-36,566,000	-36,336,000	-40,932,000	-13,401,000	-41,307,000	-20,405,000	-11,370,000	-167,000	-4,899,000	-5,345,000	-3,339,000	-1,538,000	-12,555,000	-44,842,000	-45,825,000	-22,649,000	-65,852,000	-64,411,000	-51,045,000	-12,746,000	-51,721,000	-68,919,000	-50,449,000	-55,004,000
proceeds from sales of property and equipment	2,559,000	3,811,000	1,962,000	3,861,000	1,669,000	1,957,000	1,018,000	625,000	849,000	20,065,000	767,000	1,173,000	1,621,000	870,000	9,926,000	932,000	156,000	1,836,000	2,298,000	3,510,000	6,880,000	2,965,000	912,000	1,242,000	931,000	1,303,000	1,271,000	5,902,000	785,000	741,000	3,628,000	1,289,000	1,848,000	1,116,000	1,006,000	846,000	837,000	1,707,000	595,000	1,449,000	538,000	1,485,000	631,000	859,000	682,000	947,000	621,000	670,000	521,000	197,000	521,000	880,000	460,000	619,000	503,000	133,000	127,000	153,000	194,000	164,000	76,000	113,000	1,019,000	273,000	43,000	59,000	131,000	576,000	406,000	289,000	161,000	87,000	403,000	178,000	1,459,000	174,000	208,000
proceeds from sales of rental equipment	23,900,000	28,210,000	27,778,000	34,895,000	47,809,000	40,406,000	52,334,000	39,460,000	31,686,000	27,997,000	19,399,000	16,568,000	19,725,000	27,406,000	31,192,000	36,501,000	38,801,000	44,797,000	37,041,000	30,700,000	29,056,000	38,453,000	27,437,000	33,376,000	28,292,000	33,139,000	26,770,000	28,747,000	23,430,000	29,827,000	20,303,000	21,210,000	24,803,000	22,130,000	17,758,000	20,306,000	24,195,000	31,334,000	23,776,000	23,765,000	20,646,000	29,833,000	19,047,000	27,744,000	24,802,000	32,318,000	32,275,000	27,621,000	22,381,000	25,539,000	20,417,000	20,918,000	23,668,000	15,821,000	20,650,000	15,058,000	11,829,000	12,940,000	11,689,000	12,123,000	10,893,000	13,550,000	29,051,000	15,085,000	13,282,000	23,835,000	29,298,000	35,676,000	34,263,000	30,973,000	36,283,000	27,263,000	28,080,000	29,663,000	21,678,000	29,782,000	24,608,000
net cash from investing activities	-3,576,000	-36,935,000	-123,797,000	-156,021,000	-142,289,000	-156,726,000	-183,121,000	-212,484,000	-56,431,000	-230,051,000	-154,085,000	-128,702,000	-33,699,000	74,703,000	-77,388,000	-143,605,000	-24,685,000	10,315,000	9,589,000	-4,895,000	6,082,000	-10,746,000	-79,010,000	-102,759,000	-133,388,000	-39,434,000	-112,254,000	-228,401,000	-146,151,000	-26,400,000	-50,742,000	-62,801,000	-13,132,000	-9,961,000	-70,024,000	-41,871,000	7,446,000	-13,027,000	-50,339,000	-33,185,000	-5,208,000	-71,146,000	-107,433,000	-97,826,000	-20,238,000	-45,182,000	-52,259,000	-64,663,000	-17,486,000	-40,506,000	-79,414,000	-77,883,000	-15,187,000	-26,609,000	-20,840,000	-28,600,000	-4,879,000	-29,604,000	-10,605,000	408,000	10,132,000	4,797,000	21,691,000	6,748,000	4,664,000	3,278,000	-25,346,000	-23,455,000	8,848,000	-40,549,000	-134,146,000	-27,723,000	13,771,000	-25,211,000	-48,964,000	-25,157,000	-92,656,000
cash flows from financing activities:
borrowings on senior secured credit facility	291,245,000	355,132,000	405,992,000	436,263,000	587,605,000	457,738,000	456,009,000	468,139,000	408,301,000	382,337,000	322,648,000	289,032,000	284,165,000	455,412,000	341,774,000	313,243,000	307,341,000	964,245,000	233,799,000	196,487,000	299,524,000	283,624,000	377,091,000	349,526,000	447,503,000	294,038,000	407,036,000	441,546,000	294,229,000	460,704,000	248,588,000	255,998,000	228,254,000	198,596,000	285,037,000	245,255,000	237,258,000	214,389,000	262,117,000	241,965,000	264,490,000	318,329,000	327,052,000	324,066,000	266,183,000	231,451,000	293,641,000	293,810,000	240,088,000	256,114,000	313,593,000	253,828,000	208,750,000	205,173,000	182,171,000	153,617,000	16,923,000					1,938,000	147,062,000	166,476,000	220,835,000	232,598,000	274,124,000	241,125,000	294,974,000	321,490,000	326,530,000	220,961,000	207,125,000	198,209,000	231,146,000	192,244,000	295,429,000
payments on senior secured credit facility	-376,076,000	-432,150,000	-416,965,000	-403,605,000	-514,610,000	-418,330,000	-441,562,000	-380,352,000	-368,301,000	-382,337,000	-322,648,000	-289,032,000	-284,165,000	-455,412,000	-341,774,000	-313,243,000	-307,341,000	-982,231,000	-283,374,000	-313,847,000	-331,482,000	-370,876,000	-355,670,000	-332,463,000	-352,617,000	-342,295,000	-320,681,000	-308,883,000	-294,229,000	-537,901,000	-336,243,000	-243,506,000	-238,536,000	-245,716,000	-249,779,000	-241,799,000	-251,067,000	-279,120,000	-269,647,000	-247,694,000	-261,562,000	-278,895,000	-279,335,000	-275,265,000	-244,676,000	-264,071,000	-259,077,000	-247,112,000	-343,989,000	-229,120,000	-254,131,000	-205,008,000	-202,362,000	-202,698,000	-183,815,000	-138,393,000	-16,923,000					-4,955,000	-189,023,000	-189,431,000	-229,224,000	-262,575,000	-280,415,000	-275,116,000	-268,943,000	-282,452,000	-244,744,000	-226,064,000	-211,156,000	-215,340,000	-204,881,000	-192,244,000	-401,880,000
dividends paid	-10,069,000	-10,068,000	-10,069,000	-10,043,000	-10,029,000	-10,022,000	-10,024,000	-10,004,000	-9,989,000	-9,985,000	-9,985,000	-9,944,000	-9,942,000	-9,939,000	-9,944,000	-9,932,000	-9,933,000	-9,927,000	-9,927,000	-9,878,000	-9,863,000	-9,858,000	-9,860,000	-9,838,000	-9,832,000	-9,827,000	-9,828,000	-9,815,000	-9,804,000		-9,804,000	-9,782,000	-9,783,000		-9,782,000	-9,752,000	-9,753,000		-9,741,000	-8,814,000	-8,815,000		-8,809,000				-457,000
purchases of treasury stock	-5,319,000	0	-2,391,000	0	-3,390,000	0	-2,827,000	0	-3,226,000	-39,000	-1,288,000	0	-343,000	-1,000	-1,670,000	0	-435,000	-29,000	-906,000	0	-470,000	-44,000	-1,253,000	0	-387,000	-27,000				-30,000				-15,000				0				0				0	-480,000			0	-403,000			0	-93,000			0	-36,000			-3,000	0	-21,000	-86,000	0	-9,500,000	-13,604,000	-19,473,000
payments of deferred financing costs						0	0	0	-4,939,000					1,000	0	0	-136,000					0	0	-34,000	-525,000	0	0	-9,000	-88,000	-5,126,000								0	0	0	-725,000	0	-115,000			0	2,000	-171,000	-564,000	9,125,000	-11,569,000	9,000	-792,000					0													-504,000
payments of finance lease obligations	-95,000	-94,000	-92,000	-71,000	-61,000	-60,000	-50,000	-27,000	-25,000	-1,110,000	-7,000			0	-66,000	-65,000	-63,000	-63,000	-62,000	-60,000	-60,000	-60,000	-58,000	-57,000	-57,000
net cash from financing activities	-100,314,000	-87,180,000	-23,525,000	22,544,000	59,515,000	29,326,000	1,546,000	77,756,000	21,821,000	-11,134,000	-11,280,000	-9,968,000	-10,285,000	-9,939,000	-11,680,000	-9,997,000	-10,567,000	219,647,000	-60,470,000	-127,298,000	-42,351,000	-97,214,000	10,250,000	7,134,000	84,085,000	-58,163,000	75,153,000	122,787,000	-9,949,000	116,288,000	-13,755,000	2,656,000	-20,118,000	-56,966,000	24,879,000	-6,347,000	-23,611,000	-74,524,000	-17,790,000	-14,590,000	-6,659,000	30,024,000	37,861,000	47,231,000	21,463,000	-32,743,000	33,746,000	45,904,000	2,744,000	26,804,000	75,500,000	48,784,000	5,558,000	2,437,000	-1,518,000	14,726,000	-36,000	-36,000	-2,959,000	-211,000	-1,250,000	-3,058,000	-41,999,000	-23,088,000	-8,586,000	-30,087,000	-15,901,000	-47,705,000	6,405,000	25,917,000	74,252,000	-5,315,000	-4,842,000	-17,218,000	-4,989,000	7,899,000	92,243,000
net increase in cash	-6,091,000	5,330,000	2,474,000										-5,499,000				11,663,000																																																									4,250,000			20,141,000
cash, beginning of period	16,413,000		0									0	357,296,000		0	0	310,882,000		0	0	14,247,000		0	0	16,677,000		0	0	165,878,000		0	0	7,683,000		0	0	7,159,000		0	0	15,861,000		0	0	17,607,000		0	0	8,894,000		0	0	24,215,000		0	0	29,149,000		0	0	45,336,000		0	0	11,266,000		0	0	14,762,000		0	0	9,303,000		0	0	5,627,000
cash, end of period	10,322,000		2,474,000									-72,966,000	351,797,000		32,537,000	-120,058,000	322,545,000		5,746,000	-6,189,000	12,440,000		3,895,000	259,000	6,442,000		-4,491,000	-28,505,000	38,084,000		-811,000	1,955,000	5,040,000		-3,319,000	5,621,000	4,732,000		-2,674,000	7,309,000	4,552,000		-803,000	1,125,000	4,965,000		2,445,000	1,256,000	2,965,000		-442,000	780,000	2,912,000		-792,000	-3,462,000	9,148,000		-20,364,000	3,462,000	43,758,000		-169,000	-1,968,000	10,836,000												25,768,000
supplemental schedule of non-cash investing and financing activities:
non-cash asset purchases:
rental fleet in accounts payable and accrued expenses payable and other liabilities	3,165,000	-31,144,000	-16,537,000
assets transferred from inventory to rental fleet		0	0
purchases of property and equipment included in accrued expenses payable and other liabilities	1,160,000	986,000	-425,000									-250,000	-317,000	434,000	-12,000	-155,000	158,000	-387,000	-260,000	213,000	5,000	495,000	-480,000	108,000	345,000	-247,000	-250,000	47,000	-23,000	104,000	46,000	-196,000	23,000	1,000	-609,000	-170,000	392,000
operating lease assets obtained in exchange for new operating lease liabilities	5,614,000	7,737,000	29,309,000									5,921,000	7,189,000	-636,000	1,333,000	4,513,000	8,355,000	164,000	3,131,000	-829,000	15,906,000	-2,417,000	670,000	471,000	8,370,000
supplemental disclosures of cash flow information:
cash paid during the period for:
interest	3,726,000	29,264,000	5,978,000									29,629,000	797,000	25,020,000	782,000	25,139,000	807,000	17,243,000	27,902,000	2,097,000	29,305,000	3,296,000	30,358,000	3,473,000	29,481,000	2,949,000	29,435,000	1,407,000	28,633,000	-1,385,000	24,939,000	2,246,000	23,746,000	2,314,000	23,965,000	2,098,000	24,117,000	2,016,000	24,073,000	2,543,000	24,171,000	2,042,000	23,946,000	1,629,000	23,339,000	1,636,000	23,917,000	1,624,000	22,075,000	1,796,000	14,772,000	1,298,000	11,798,000	1,552,000	12,094,000	1,590,000	12,109,000	1,678,000	11,837,000	1,914,000	12,174,000	1,702,000	12,730,000	2,561,000	13,117,000	3,654,000				4,638,000				3,169,000			3,192,000
income taxes paid, net of refunds received	10,501,000																						893,000				695,000				7,000				2,000	705,000	-436,000	1,223,000	-7,000	480,000	-105,000	-30,000	1,912,000	2,428,000	206,000	616,000	651,000	826,000	386,000	13,000	15,000	231,000	88,000		215,000	171,000	-2,021,000		0	102,000	-38,000				-354,000
change in deferred income taxes		1,512,000	10,645,000	10,137,000	5,278,000		15,416,000	13,355,000	6,615,000		10,591,000	8,911,000	4,900,000		8,576,000	5,080,000	789,000		5,837,000	2,587,000	-9,798,000		9,888,000	7,262,000	4,977,000	8,826,000	7,126,000	6,287,000	4,456,000	-58,287,000	-2,216,000	5,586,000	4,382,000		8,011,000	5,172,000	4,010,000
impairment of goodwill						0												0	0	0	61,994,000
loss on sale of discontinued operations											0
acquisition of businesses		0	-123,000
closing adjustment on sale of discontinued operations										0	0
cash, beginning of year
cash, end of year
accrued acquisition purchase price consideration																						0	0			0	0	-2,509,000	5,941,000
cash paid during the year for:
income taxes paid			1,523,000										-51,000				-60,000				-99,000				-519,000
net increase in cash and cash equivalents					576,000				8,615,000																																																											-3,652,000	-2,690,000			22,259,000	3,405,000
cash and cash equivalents, beginning of period					8,500,000		0	0	81,330,000
cash and cash equivalents, end of period					9,076,000		-39,983,000	-43,043,000	89,945,000																																																											-3,652,000	12,072,000			22,259,000	12,708,000
gain on sale of discontinued operations
changes in operating assets and liabilities, net of acquisitions:
acquisition of business, net of cash acquired																													-125,207,000																																						-5,155,000
proceeds from the sale of discontinued operations
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
net decrease in cash and cash equivalents							-39,983,000
loss on early extinguishment of debt																														0																				0																				-5,000				0
deferred compensation payable																		-2,173,000	25,000	25,000	25,000	27,000	27,000	28,000	27,000	21,000	22,000	21,000	22,000	17,000	17,000	10,000	17,000	16,000	15,000	16,000	-379,000	17,000	17,000	17,000	17,000	17,000	16,000	17,000	16,000	16,000	16,000	16,000	17,000	15,000	16,000	15,000	-79,000	16,000	16,000	16,000	-44,000	16,000	15,000	16,000	16,000	15,000	-133,000	17,000	16,000	34,000	34,000	-17,000	36,000	36,000	38,000	41,000	-1,447,000	56,000	57,000	56,000	-8,620,000
principal payments on senior unsecured notes due 2025
costs paid to tender and redeem senior unsecured notes due 2025
proceeds from issuance of senior unsecured notes due 2028
net decrease in cash															32,537,000				5,746,000	-6,189,000	-1,807,000		3,895,000	259,000	-10,235,000		-4,491,000	-28,505,000	-127,794,000				-2,643,000				-2,427,000		-2,674,000	7,309,000	-11,309,000		-803,000	1,125,000	-12,642,000		2,445,000	1,256,000	-5,929,000	5,644,000	-442,000	780,000	-21,303,000				-20,001,000				-1,578,000		-169,000	-1,968,000	-430,000
supplemental schedule of noncash investing and financing activities:
noncash asset purchases:
assets transferred from used and new inventory to rental fleet												9,196,000	31,612,000
income taxes paid (refunds received)														2,586,000	679,000			131,000	1,186,000
acquisition of businesses, net of cash acquired																						0	0	0	-106,746,000	0	0																																											-329,000				-1,000	0	-92,000	-56,869,000
operating lease right-of-use assets and lease liabilities recorded upon adoption of asc 842																						0	0	0	162,814,000
finance lease right-of-use assets and lease liabilities recorded upon adoption of asc 842																						0	0	0	782,000
assets transferred from new and used inventory to rental fleet															818,000	2,319,000	15,360,000	2,160,000	1,814,000	5,730,000	12,680,000	1,238,000	4,649,000	12,479,000	21,112,000	481,000	2,242,000	6,204,000	15,414,000	894,000	600,000	2,232,000	6,789,000	557,000	3,497,000	12,519,000	21,942,000	1,909,000	7,330,000	10,920,000	31,232,000	2,141,000	4,648,000	12,121,000	25,307,000	734,000	2,848,000	12,454,000	19,828,000	582,000	1,832,000	7,852,000	17,926,000	657,000	2,405,000	9,939,000	15,355,000	2,863,000	12,831,000	7,629,000	5,955,000	2,059,000	2,483,000	2,280,000	4,201,000	1,191,000				4,716,000				1,216,000			17,787,000
payments of capital lease obligations																										-52,000	-51,000	-52,000	-57,000	-56,000	-55,000	-54,000	-53,000	-52,000	-51,000	-51,000	-49,000	-49,000	-49,000	-47,000	-47,000	-46,000	-45,000	-44,000	-44,000	-43,000	-43,000	-42,000	-41,000	-40,000	-40,000	-40,000	-38,000	-38,000	-38,000
principal payments on senior unsecured notes due 2022																														0
costs paid to tender and redeem senior unsecured notes due 2022																														0
proceeds from issuance of senior unsecured notes due 2025																														208,500,000
operating right-of-use lease liabilities																							144,000	136,000	146,000
cash flows from investing activities, net of effect of acquisition:
income tax refunds received																													-16,000				-30,000
dividend paid
benefit from deferred income taxes																																									4,025,000				3,939,000																	-7,397,000	103,000	408,000	923,000	-56,000	9,999,000	9,030,000	5,455,000	9,979,000	12,790,000	8,762,000	7,345,000	6,276,000	-3,151,000	3,195,000	2,648,000
tax deficiency from stock-based awards																																					-234,000	11,000
writedown of goodwill for tax-deductible goodwill in excess of book goodwill																																														220,000	218,000	220,000	219,000	486,000	486,000	486,000	486,000
excess tax benefit from stock-based awards																																														-80,000
proceeds from issuance of senior unsecured notes																																														0	0	0	107,250,000	-9,275,000																								0
increase in deferred income taxes																																							10,788,000				11,333,000				3,821,000					408,000	1,211,000						-2,002,000	-4,341,000	-5,100,000
excess tax deficiency from stock-based awards
principal payments on senior unsecured notes																																																		0
depreciation and amortization on property and equipment																																											5,195,000				4,278,000				3,459,000	3,317,000	3,221,000		3,063,000	3,115,000	3,132,000		3,239,000	3,275,000	3,432,000		2,698,000	2,757,000	2,795,000		2,791,000	2,717,000	2,821,000
depreciation on rental equipment																																											37,654,000				31,527,000				27,150,000	24,763,000	22,814,000		22,076,000	21,507,000	20,563,000		19,628,000	19,353,000	19,279,000		21,105,000	22,899,000	23,785,000		26,362,000	26,048,000	26,428,000	26,079,000	24,468,000	22,321,000	21,343,000	21,485,000	20,644,000	19,170,000	16,860,000
gain on sales of property and equipment																																											-512,000				-609,000				-514,000	-641,000	-323,000		-372,000	-52,000	-97,000		-125,000				-289,000			79,000	-219,000	-157,000	-139,000	-25,000	-97,000	-39,000	-308,000				-99,000
gain on sales of rental equipment																																											-7,278,000				-9,592,000				-6,483,000	-6,865,000	-7,494,000		-5,909,000	-4,671,000	-3,523,000		-3,376,000	-3,382,000	-2,569,000		-5,385,000	-3,537,000	-3,101,000	-7,672,000	-8,847,000	-9,389,000	-9,885,000	-7,942,000	-9,881,000	-7,571,000	-8,142,000		-7,046,000	-9,396,000	-6,897,000
excess tax benefit (deficiency) from stock-based awards																																																																		0			-44,000
decrease in deferred income taxes																																																	649,000						2,839,000	568,000	-3,338,000
amortization of deferred financing costs and note discount accretion
principal payments on note payable
amortization of loan discounts and deferred financing costs																																																			407,000	328,000	341,000		348,000	347,000	347,000		350,000	355,000	355,000	355,000	355,000	354,000	355,000	324,000	363,000	365,000	365,000	355,000	335,000	354,000	330,000	176,000	611,000	732,000	713,000
impairment of goodwill and intangible assets
changes in operating assets and liabilities, net of impact of acquisitions:
payments of related party obligation																																																														0	0	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000	-75,000
income taxes, net of refunds received																																																														-842,000	16,000			105,000
payments on deferred financing costs
payments of capital lease obligation																																																									-36,000		-32,000	-31,000	-31,000		-30,000	-30,000	-29,000		-28,000	-28,000	-27,000
principal payments on notes payable																																																											-3,000	-4,000	-1,219,000	-8,000	-8,000	-7,000	-7,000	-7,000	-7,000	-7,000	-7,000
manufacturer flooring plans payable with interest computed at 6.75%
senior unsecured notes with interest compounded at 8.375%
notes payable to lenders with interest computed at 9.55%
capital lease payable with interest computed at 5.929%
letters of credit
(gain) loss on sales of property and equipment																																																													-64,000				18,000
principal payments on senior secured notes
capital lease obligation incurred
proceeds from issuance of common stock, net of issue costs																																																																										0	0
principal payments on senior subordinated notes
proceeds from issuance of notes payable																																																																										0
changes in operating assets and liabilities, net of impact of acquisition:
principal payment of senior secured notes
principal payment of senior subordinated notes
accrued income from litigation
excess tax benefits from stock-based awards																																																																						0	88,000	0	-44,000
payment of deferred financing costs
depreciation on property and equipment																																																																							2,141,000	2,032,000	1,914,000	1,907,000	1,747,000	1,694,000	1,569,000
amortization of property and equipment under capital lease
purchase of treasury stock																																																																							0	0	-432,000
payments on capital lease obligations
principal payments of notes payable																																																																							-7,000	-6,000	-348,000		-61,000	-26,000	-59,000
capital lease obligations incurred
income taxes																																																																													7,000
amortization of other intangible assets																																																																								0	12,000	12,000	11,000	12,000	11,000
non-cash compensation expense																																																																										310,000	307,000
benefit from obsolescence
gain on sale of property and equipment
gain on sale of rental equipment
changes in operating assets and liabilities, net of effects of business combinations:
principal payment of senior secured and senior subordinated notes
category
transportation equipment
buildings
office equipment
computer equipment
machinery and equipment
supplemental schedule of noncash investing activities:
compensation expense due to issuance of restricted stock																																																																													104,000
proceeds from initial public offering, net of issuance costs																																																																													199,018,000
payment of financing costs																																																																													-190,000
payments on senior secured credit facitily

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