Herc Holdings Inc
(NYSE:HRI)

Herc Holdings Inc., through its subsidiaries, operates as an equipment rental supplier primarily in the United States and internationally. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment. The company also provides ProSolutions...

Website: http://ir.hercrentals.com

Founded: 1965

Full Time Employees: 5,100

Sector: Industrials

Industry: Rental & Leasing Services

Industrials Rental

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2007-06-30	2007-03-31	2006-12-31

revenues:
equipment rental	981,000,000	1,039,000,000	1,122,000,000	870,000,000	739,000,000	839,000,000	866,000,000	765,000,000	719,000,000	749,000,000	765,000,000	702,000,000	654,000,000	713,100,000	706,200,000	605,400,000	526,800,000	542,400,000	519,600,000	448,000,000	400,400,000	427,300,000	402,300,000	327,600,000	386,500,000	457,000,000	459,600,000	407,600,000	377,600,000	447,700,000	449,000,000	392,500,000	369,100,000																384,300,000	350,482,000	384,738,000	362,933,000	432,791,000	389,843,000
sales of rental equipment	138,000,000	147,000,000	151,000,000	106,000,000	105,000,000	96,000,000	81,000,000	65,000,000	69,000,000	68,000,000	124,000,000	83,000,000	71,000,000	57,200,000	21,500,000	19,300,000	27,700,000	22,000,000	16,600,000	30,300,000	44,200,000	81,800,000	45,300,000	31,400,000	40,000,000	71,000,000	35,400,000	51,300,000	85,100,000	80,600,000	50,100,000
sales of new equipment, parts and supplies	13,000,000	17,000,000	18,000,000	17,000,000	11,000,000	9,000,000	9,000,000	10,000,000	9,000,000	9,000,000	11,000,000	10,000,000	8,000,000	8,700,000	10,000,000	9,400,000	7,700,000	7,600,000	8,600,000	7,800,000	6,100,000	8,000,000	6,200,000	7,000,000	7,000,000	9,900,000	10,000,000	13,200,000	10,900,000	12,900,000	14,200,000	10,800,000	11,400,000	12,000,000	13,900,000	14,900,000	11,500,000	17,300,000	15,700,000	17,900,000
service and other revenue	7,000,000	6,000,000	13,000,000	9,000,000	6,000,000	7,000,000	9,000,000	8,000,000	7,000,000	6,000,000	8,000,000	7,000,000	7,000,000	7,000,000	7,400,000	6,300,000	5,100,000	6,000,000	5,600,000	4,800,000	3,100,000	3,300,000	2,900,000	2,000,000	2,700,000	2,200,000	3,100,000	3,000,000	2,100,000	2,500,000	2,900,000	4,000,000	3,500,000
total revenues	1,139,000,000	1,209,000,000	1,304,000,000	1,002,000,000	861,000,000	951,000,000	965,000,000	848,000,000	804,000,000	832,000,000	908,000,000	802,000,000	740,000,000	786,000,000	745,100,000	640,400,000	567,300,000	578,000,000	550,400,000	490,900,000	453,800,000	520,400,000	456,700,000	368,000,000	436,200,000	540,100,000	508,100,000	475,100,000	475,700,000	543,700,000	516,200,000	485,500,000	431,300,000	491,700,000	457,600,000	415,800,000	389,400,000	405,200,000	403,600,000	380,400,000	2,311,000,000	2,413,000,000	2,976,000,000	2,692,000,000	2,454,000,000		2,551,300,000	3,069,400,000	2,714,600,000	2,436,508,000	2,318,513,000	2,516,222,000	2,175,664,000	1,921,532,000
yoy	32.29%	27.13%	35.13%	18.16%	7.09%	14.30%	6.28%	5.74%	8.65%	5.85%	21.86%	25.23%	30.44%	35.99%	35.37%	30.45%	25.01%	11.07%	20.52%	33.40%	4.03%	-3.65%	-10.12%	-22.54%	-8.30%	-0.66%	-1.57%	-2.14%	10.29%	10.58%	12.81%	16.76%	10.76%	21.35%	13.38%	9.31%	-83.15%	-83.21%	-86.44%	-85.87%	-5.83%		16.65%	-12.30%	-9.60%		10.04%	21.98%	24.77%	26.80%
qoq	-5.79%	-7.29%	30.14%	16.38%	-9.46%	-1.45%	13.80%	5.47%	-3.37%	-8.37%	13.22%	8.38%	-5.85%	5.49%	16.35%	12.89%	-1.85%	5.01%	12.12%	8.18%	-12.80%	13.95%	24.10%	-15.64%	-19.24%	6.30%	6.95%	-0.13%	-12.51%	5.33%	6.32%	12.57%	-12.28%	7.45%	10.05%	6.78%	-3.90%	0.40%	6.10%	-83.54%	-4.23%	-18.92%	10.55%	9.70%			-16.88%	13.07%	11.41%	5.09%	-7.86%	15.65%	13.23%
expenses:
direct operating	453,000,000	429,000,000	467,000,000	379,000,000	327,000,000	324,000,000	334,000,000	326,000,000	307,000,000	288,000,000	288,000,000	282,000,000	281,000,000	276,700,000	277,500,000	270,700,000	246,200,000	238,400,000	225,900,000	203,000,000	183,000,000	185,900,000	169,400,000	144,700,000	189,200,000	195,800,000	197,700,000	188,500,000	189,100,000	204,000,000	194,400,000	194,500,000	196,000,000	195,400,000	188,200,000	168,900,000	169,100,000	164,100,000	169,600,000	158,100,000	1,341,000,000	1,421,000,000	1,564,000,000	1,505,000,000	1,408,000,000		1,469,400,000	1,525,400,000	1,405,900,000	1,351,190,000	1,250,626,000	1,241,082,000	1,164,714,000	1,114,324,000
depreciation of rental equipment	242,000,000	243,000,000	246,000,000	195,000,000	172,000,000	180,000,000	174,000,000	165,000,000	160,000,000	163,000,000	167,000,000	161,000,000	152,000,000	146,800,000	139,600,000	130,200,000	119,300,000	113,800,000	105,400,000	101,100,000	100,400,000	100,200,000	101,900,000	101,400,000	100,400,000	105,500,000	102,700,000	100,900,000	100,000,000	98,900,000	98,300,000
cost of sales of rental equipment	109,000,000	122,000,000	134,000,000	86,000,000	76,000,000	67,000,000	66,000,000	45,000,000	46,000,000	51,000,000	99,000,000	56,000,000	46,000,000	40,000,000	16,200,000	14,100,000	18,500,000	16,500,000	13,700,000	24,700,000	38,400,000	85,300,000	46,300,000	29,600,000	42,400,000	73,000,000	36,700,000	50,000,000	83,500,000	75,400,000	51,100,000
cost of sales of new equipment, parts and supplies	9,000,000	12,000,000	12,000,000	10,000,000	8,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	7,000,000	7,000,000	5,000,000	5,300,000	6,300,000	5,400,000	5,300,000	4,700,000	6,500,000	4,900,000	4,200,000	5,900,000	4,400,000	5,100,000	5,100,000	7,500,000	7,200,000	10,400,000	8,200,000	10,000,000	10,600,000	8,100,000	9,000,000	9,200,000	10,800,000	11,100,000	8,400,000	13,800,000	12,100,000	14,000,000
selling, general and administrative	146,000,000	153,000,000	166,000,000	127,000,000	118,000,000	122,000,000	123,000,000	120,000,000	115,000,000	116,000,000	115,000,000	111,000,000	106,000,000	112,200,000	111,500,000	97,000,000	89,400,000	89,800,000	81,500,000	74,000,000	65,500,000	69,800,000	61,000,000	56,800,000	69,800,000	73,600,000	76,200,000	73,500,000	71,500,000	82,400,000	78,400,000	77,300,000	74,500,000	76,000,000	84,600,000	78,800,000	81,200,000	74,500,000	67,000,000	72,200,000	267,000,000	224,000,000	259,000,000	295,000,000	266,000,000		218,700,000	276,800,000	275,000,000	251,709,000	330,441,000	201,022,000	182,440,000	200,377,000
transaction expenses	5,000,000	14,000,000	38,000,000	73,000,000	74,000,000
non-rental depreciation and amortization	73,000,000	76,000,000	70,000,000	45,000,000	33,000,000	35,000,000	33,000,000	30,000,000	29,000,000	29,000,000	29,000,000	28,000,000	26,000,000	26,000,000	25,500,000
interest expense	128,000,000	134,000,000	134,000,000	86,000,000	62,000,000	67,000,000	69,000,000	63,000,000	61,000,000	62,000,000	60,000,000	54,000,000	48,000,000	41,300,000	33,000,000	25,200,000	22,500,000	22,500,000	21,400,000	21,000,000	21,400,000	22,500,000	22,400,000	23,300,000	24,400,000	27,100,000	81,900,000	31,600,000	32,900,000	34,000,000	38,600,000	32,400,000	32,000,000	38,200,000	32,400,000	31,600,000	37,800,000	32,100,000	32,300,000	13,300,000	157,000,000	155,000,000	158,000,000	156,000,000	154,000,000		173,100,000	182,300,000	183,800,000	176,782,000	180,517,000	154,925,000
other income	-3,000,000	-750,000																								-600,000	500,000	-2,600,000	300,000	700,000	-400,000	-200,000	-300,000				-600,000	-200,000	-800,000	-500,000									-1,100,000	-598,000
total expenses	1,162,000,000	1,192,000,000	1,266,000,000	1,048,000,000	869,000,000	994,000,000	805,000,000	755,000,000	723,000,000	709,000,000	762,000,000	699,000,000	665,000,000	652,800,000	609,500,000	542,900,000	500,200,000	486,600,000	454,300,000	429,100,000	412,700,000	475,400,000	405,100,000	367,900,000	438,800,000	486,900,000	502,900,000	460,100,000	485,500,000	505,400,000	471,000,000	485,000,000	446,500,000	470,600,000	439,000,000	465,600,000	443,700,000	412,600,000	396,900,000	383,100,000	2,380,000,000	2,363,000,000	2,669,000,000	2,642,000,000	2,540,000,000		2,500,600,000	2,741,100,000	2,502,700,000	2,364,276,000	2,358,786,000	2,147,329,000	2,034,705,000	2,012,105,000
income before income taxes	-23,000,000	17,000,000	38,000,000	-46,000,000	-8,000,000	-43,000,000	160,000,000	93,000,000	81,000,000	123,000,000	146,000,000	103,000,000	75,000,000	133,200,000	135,600,000	97,500,000	67,100,000	91,400,000	96,100,000	61,800,000	41,100,000	45,000,000	51,600,000	100,000	-2,600,000	53,200,000	5,200,000	15,000,000	-9,800,000	38,300,000	45,200,000	500,000	-15,200,000	21,100,000	18,600,000	-49,800,000	-54,300,000	-7,400,000	6,700,000	-2,700,000	-69,000,000	50,000,000	307,000,000	50,000,000	-86,000,000		50,700,000	328,300,000	211,900,000	72,232,000	-40,273,000	368,893,000
income tax provision	-1,000,000	-1,750,000	-8,000,000		-10,000,000	-3,000,000	-38,000,000	-23,000,000	-16,000,000	-32,000,000	-33,000,000	-27,000,000	-8,000,000	-35,400,000	-34,200,000	-25,300,000	-8,600,000	-19,600,000	-23,800,000		-8,200,000
net income	-24,000,000	24,000,000	30,000,000	-35,000,000	-18,000,000	-46,000,000	122,000,000	70,000,000	65,000,000	91,000,000	113,000,000	76,000,000	67,000,000	97,800,000	101,400,000	72,200,000	58,500,000	71,800,000	72,300,000	47,100,000	32,900,000	35,500,000	39,900,000	2,000,000	-3,700,000	35,100,000	9,400,000	9,700,000	-6,700,000	33,300,000	46,200,000	-300,000	-10,100,000	214,300,000	12,800,000	-27,600,000	-39,200,000	-13,200,000	3,000,000	-8,000,000	-51,000,000	70,000,000	237,000,000	23,000,000	-70,000,000						-36,396,000	242,920,000	83,675,000	-62,566,000
yoy	33.33%	-152.17%	-75.41%	-150.00%	-127.69%	-150.55%	7.96%	-7.89%	-2.99%	-6.95%	11.44%	5.26%	14.53%	36.21%	40.25%	53.29%	77.81%	102.25%	81.20%	2255.00%	-989.19%	1.14%	324.47%	-79.38%	-44.78%	5.41%	-79.65%	-3333.33%	-33.66%	-84.46%	260.94%	-98.91%	-74.23%	-1723.48%	326.67%	245.00%	-23.14%	-118.86%	-98.73%	-134.78%	-27.14%
qoq	-200.00%	-20.00%	-185.71%	94.44%	-60.87%	-137.70%	74.29%	7.69%	-28.57%	-19.47%	48.68%	13.43%	-31.49%	-3.55%	40.44%	23.42%	-18.52%	-0.69%	53.50%	43.16%	-7.32%	-11.03%	1895.00%	-154.05%	-110.54%	273.40%	-3.09%	-244.78%	-120.12%	-27.92%	-15500.00%	-97.03%	-104.71%	1574.22%	-146.38%	-29.59%	196.97%	-540.00%	-137.50%	-84.31%	-172.86%	-70.46%	930.43%	-132.86%							-114.98%	190.31%	-233.74%
net income margin %	-2.11%	1.99%	2.30%	-3.49%	-2.09%	-4.84%	12.64%	8.25%	8.08%	10.94%	12.44%	9.48%	9.05%	12.44%	13.61%	11.27%	10.31%	12.42%	13.14%	9.59%	7.25%	6.82%	8.74%	0.54%	-0.85%	6.50%	1.85%	2.04%	-1.41%	6.12%	8.95%	-0.06%	-2.34%	43.58%	2.80%	-6.64%	-10.07%	-3.26%	0.74%	-2.10%	-2.21%	2.90%	7.96%	0.85%	-2.85%		0%	0%	0%	0%	-1.57%	9.65%	3.85%	-3.26%
weighted-average shares outstanding:
basic	33,300,000	31,300,000	33,200,000	30,000,000	28,500,000	28,400,000	28,400,000	28,400,000	28,300,000	28,500,000	28,300,000	28,400,000	29,000,000	29,600,000	29,700,000	29,800,000	29,800,000	29,600,000	29,600,000	29,600,000	29,500,000	29,100,000	29,200,000	29,100,000		28,700,000	28,700,000	28,700,000		28,400,000	28,500,000		28,400,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	424,000,000	452,000,000	454,000,000	459,000,000	459,000,000		422,300,000	424,900,000	400,800,000	415,847,000	419,944,000		320,891,000	320,625,000
diluted	33,300,000	31,400,000	33,300,000	30,000,000	28,500,000	28,500,000	28,500,000	28,500,000	28,400,000	28,700,000	28,500,000	28,600,000	29,400,000	30,200,000	30,200,000	30,300,000	30,400,000	30,400,000	30,500,000	30,400,000	30,200,000	29,400,000	29,500,000	29,200,000		29,100,000	29,100,000	29,100,000		28,900,000	28,900,000		28,400,000	28,600,000	28,600,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	424,000,000	456,000,000	457,000,000	461,000,000	459,000,000		463,900,000	465,000,000	465,100,000	460,897,000	448,209,000		327,628,000	320,625,000
loss per share:
basic	-0.72																																-0.36			-0.98	-1.39								-0.15
diluted	-0.72																																-0.36			-0.98	-1.39								-0.15
loss on assets held for sale			-1,000,000	49,000,000
earnings per share:
basic		0.78	0.9	-1.17	-0.63	-1.62	4.3	2.46	2.3	3.2	3.99	2.68	2.31	3.36	3.41	2.42	1.96	2.42	2.44	1.59	1.12	1.22	1.37	0.07		1.23	0.33	0.34		1.17	1.62							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.04	0.51	0.3	0.04			0.26
diluted		0.78	0.9	-1.17	-0.63	-1.62	4.28	2.46	2.29	3.2	3.96	2.66	2.28	3.26	3.36	2.38	1.92	2.36	2.37	1.55	1.09	1.21	1.35	0.07		1.2	0.32	0.33		1.15	1.6							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.02	0.47	0.27	0.04			0.26
other expense				-2,000,000	-1,000,000	-1,000,000			-1,000,000	-6,000,000	-3,000,000		1,000,000	1,000,000	-100,000	300,000	-1,000,000	-1,900,000	-100,000		-200,000	-100,000	-300,000	3,100,000	1,200,000									-575,000	-1,900,000	200,000					-91,000,000	-97,000,000	-29,000,000	-10,000,000	5,000,000		23,000,000	83,400,000			46,066,000	-9,513,000
income tax benefit				11,000,000																-14,700,000		-9,500,000	-11,700,000	1,900,000	-1,100,000	-18,100,000	4,200,000	-5,300,000	3,100,000	-5,000,000	1,000,000	-800,000	5,100,000	193,200,000	-5,800,000	22,200,000	15,100,000
impairment																		2,800,000		400,000		5,900,000		3,200,000	6,300,000							100,000		400,000		29,300,000
restructuring																								700,000		-100,000		7,800,000										500,000	100,000	3,100,000
weighted-average shares outstanding:
basic and diluted																									28,900,000				28,600,000			28,400,000
loss per share:
basic and diluted																									-0.13				-0.23			-0.01
sales of revenue earning equipment																																78,200,000	47,300,000	62,300,000	27,700,000	46,400,000	54,400,000	28,500,000	24,900,000	31,600,000
depreciation of revenue earning equipment																																97,000,000	93,300,000	95,400,000	96,300,000	94,300,000	92,900,000	95,400,000	89,100,000	84,200,000													496,037,000	467,817,000
cost of sales of revenue earning equipment																																75,800,000	42,000,000	57,100,000	28,600,000	51,400,000	54,900,000	32,400,000	27,500,000	38,700,000
equipment rentals																																		271,125,000	413,100,000	350,800,000	320,600,000	356,700,000	360,300,000	327,900,000
service and other revenues																																		2,375,000	2,900,000	3,700,000	2,900,000	2,700,000	2,700,000	3,000,000
income per share:
basic																																		7.57	0.45
diluted																																		7.51	0.45
income tax expense																																						-5,800,000	-3,700,000	-5,300,000
worldwide car rental																																									1,839,000,000	1,882,000,000	2,426,000,000	2,171,000,000	1,956,000,000		2,020,600,000	2,534,100,000
worldwide equipment rental																																									328,000,000	387,000,000	401,000,000	375,000,000	355,000,000		400,900,000	401,800,000
all other operations																																									144,000,000	144,000,000	149,000,000	146,000,000	143,000,000		129,800,000	133,500,000
depreciation of revenue earning equipment and lease charges																																									706,000,000	660,000,000	717,000,000	696,000,000	707,000,000		620,700,000	676,700,000	641,100,000	587,027,000
benefit for taxes on income																																									18,000,000	20,000,000	-70,000,000	-27,000,000	16,000,000									32,117,000
interest income																																															-4,300,000	-3,500,000	-2,000,000	-1,834,000	-2,626,000	-716,000
provision for taxes on income																																															-58,600,000	-113,600,000	-90,500,000	-54,269,000	3,877,000	-125,973,000
net income attributable to hertz global holdings, inc. and subsidiaries' common stockholders																																															-7,900,000	214,700,000	121,400,000	17,963,000
weighted-average shares outstanding
basic	33,300,000	31,300,000	33,200,000	30,000,000	28,500,000	28,400,000	28,400,000	28,400,000	28,300,000	28,500,000	28,300,000	28,400,000	29,000,000	29,600,000	29,700,000	29,800,000	29,800,000	29,600,000	29,600,000	29,600,000	29,500,000	29,100,000	29,200,000	29,100,000		28,700,000	28,700,000	28,700,000		28,400,000	28,500,000		28,400,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	424,000,000	452,000,000	454,000,000	459,000,000	459,000,000		422,300,000	424,900,000	400,800,000	415,847,000	419,944,000		320,891,000	320,625,000
diluted	33,300,000	31,400,000	33,300,000	30,000,000	28,500,000	28,500,000	28,500,000	28,500,000	28,400,000	28,700,000	28,500,000	28,600,000	29,400,000	30,200,000	30,200,000	30,300,000	30,400,000	30,400,000	30,500,000	30,400,000	30,200,000	29,400,000	29,500,000	29,200,000		29,100,000	29,100,000	29,100,000		28,900,000	28,900,000		28,400,000	28,600,000	28,600,000	28,300,000	28,300,000	28,300,000	28,300,000	28,300,000	424,000,000	456,000,000	457,000,000	461,000,000	459,000,000		463,900,000	465,000,000	465,100,000	460,897,000	448,209,000		327,628,000	320,625,000
earnings per share attributable to hertz global holdings, inc. and subsidiaries' common stockholders
basic		0.78	0.9	-1.17	-0.63	-1.62	4.3	2.46	2.3	3.2	3.99	2.68	2.31	3.36	3.41	2.42	1.96	2.42	2.44	1.59	1.12	1.22	1.37	0.07		1.23	0.33	0.34		1.17	1.62							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.04	0.51	0.3	0.04			0.26
diluted		0.78	0.9	-1.17	-0.63	-1.62	4.28	2.46	2.29	3.2	3.96	2.66	2.28	3.26	3.36	2.38	1.92	2.36	2.37	1.55	1.09	1.21	1.35	0.07		1.2	0.32	0.33		1.15	1.6							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.02	0.47	0.27	0.04			0.26
car rental																																																	2,329,500,000	2,006,779,000	1,877,567,000	2,105,987,000	1,711,656,000	1,505,075,000
other																																																	800,000	79,247,000	56,208,000	47,302,000	31,217,000	26,614,000
depreciation of revenue earning equipment and
lease charges																																																			398,599,000	560,529,000
less: net income attributable to noncontrolling
interest
net income attributable to hertz global
holdings, inc. and subsidiaries' common stockholders																																																			69,868,750	242,920,000
weighted-average shares outstanding (in
thousands):
basic																																																			104,890,500	420,562,000
diluted																																																			111,772,000	445,490,000
earnings per share attributable to hertz global
holdings, inc. and subsidiaries' common stockholders:
basic																																																			0.168	0.58
diluted																																																			0.158	0.55
interest, net of interest income of 8,176, 8,843, 20,267 and 16,500																																																					191,514,000
income before income taxes and minority interest																																																					140,959,000
minority interest
earnings per share
basic		0.78	0.9	-1.17	-0.63	-1.62	4.3	2.46	2.3	3.2	3.99	2.68	2.31	3.36	3.41	2.42	1.96	2.42	2.44	1.59	1.12	1.22	1.37	0.07		1.23	0.33	0.34		1.17	1.62							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.04	0.51	0.3	0.04			0.26
diluted		0.78	0.9	-1.17	-0.63	-1.62	4.28	2.46	2.29	3.2	3.96	2.66	2.28	3.26	3.36	2.38	1.92	2.36	2.37	1.55	1.09	1.21	1.35	0.07		1.2	0.32	0.33		1.15	1.6							-0.47	0.11	-0.28	-0.12	0.16	0.52	0.05			-0.02	0.47	0.27	0.04			0.26
interest, net of interest income of 12,091 and 7,657																																																						229,587,000
loss before income taxes and minority interest
loss per share
basic																																																						-0.2
diluted																																																						-0.2

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2007-06-30	2007-03-31	2006-12-31

assets
current assets:
cash and cash equivalents	43,000,000	52,000,000	61,000,000	53,000,000	48,000,000	83,000,000	142,000,000	70,000,000	63,000,000	71,000,000	71,000,000	37,000,000	40,000,000	53,500,000	56,900,000	52,100,000	22,800,000	35,100,000	35,200,000	34,600,000	32,900,000	33,000,000	53,800,000	83,200,000	55,800,000	33,000,000	34,500,000	27,900,000	24,500,000	27,800,000	18,000,000	44,000,000	43,000,000	41,500,000	19,100,000	12,000,000	24,300,000	11,600,000	51,900,000	42,600,000	857,000,000	486,000,000	509,000,000	537,000,000	585,000,000	490,000,000	423,200,000	548,700,000	483,100,000	653,783,000	533,255,000	453,361,000
accounts receivable	760,000,000	769,000,000	810,000,000	778,000,000	554,000,000	589,000,000	623,000,000	570,000,000	560,000,000	563,000,000	595,000,000	541,000,000	514,000,000	522,500,000	519,000,000	457,800,000	399,100,000	388,100,000	373,700,000	312,800,000	299,600,000	301,200,000	293,300,000	247,000,000	288,800,000	306,700,000	316,400,000	308,400,000	316,400,000	332,400,000	373,500,000	350,300,000	347,000,000	386,300,000	347,900,000	309,000,000	287,000,000	293,300,000	290,000,000	269,400,000	1,518,000,000	2,074,000,000	1,623,000,000	1,390,000,000	1,304,000,000	1,597,000,000
prepaid expenses	62,000,000	72,000,000	77,000,000	63,000,000	69,000,000	47,000,000
other current assets	54,000,000	63,000,000	26,000,000	26,000,000	20,000,000	40,000,000	66,000,000	55,000,000	67,000,000	77,000,000	63,000,000	66,000,000	71,000,000	67,500,000	58,800,000	56,900,000	53,300,000	46,500,000	39,500,000	32,300,000	31,500,000	32,900,000	37,900,000	33,900,000	22,500,000	28,900,000	30,900,000	31,200,000	33,500,000
total current assets	919,000,000	956,000,000	974,000,000	943,000,000	709,000,000	776,000,000	851,000,000	717,000,000	717,000,000	732,000,000	729,000,000	644,000,000	625,000,000	643,500,000	634,700,000	566,800,000	475,200,000	469,700,000	448,400,000	379,700,000	364,000,000	367,100,000	385,000,000	374,800,000	395,500,000	399,700,000	381,800,000	367,500,000	374,400,000	400,400,000	433,900,000	435,600,000	436,200,000	474,500,000	424,400,000	385,200,000	368,200,000	371,700,000	390,800,000	377,600,000
rental equipment	5,737,000,000	5,880,000,000	6,020,000,000	6,015,000,000	4,085,000,000	4,225,000,000	4,283,000,000	4,013,000,000	3,831,000,000	3,831,000,000	3,990,000,000	3,957,000,000	3,699,000,000	3,485,200,000	3,311,300,000	3,115,900,000	2,792,200,000	2,665,300,000	2,506,100,000	2,308,700,000	2,240,300,000	2,260,400,000	2,345,500,000	2,396,700,000	2,440,400,000	2,490,000,000	2,625,000,000	2,587,300,000	2,437,300,000	2,504,700,000	2,620,800,000
property and equipment	867,000,000	868,000,000	873,000,000	865,000,000	567,000,000	554,000,000	541,000,000	517,000,000	486,000,000	465,000,000	473,000,000	445,000,000	415,000,000	391,900,000	365,700,000	336,300,000	308,300,000	308,400,000	300,400,000	276,400,000	283,600,000	290,400,000	289,000,000	296,700,000	306,200,000	311,800,000	302,700,000	270,600,000	273,500,000	282,500,000	287,000,000	286,200,000	283,100,000	286,300,000	287,300,000	281,300,000	268,900,000	272,000,000	270,200,000	266,800,000					1,314,000,000	1,322,000,000
right-of-use lease assets	1,509,000,000	1,489,000,000	1,456,000,000	1,475,000,000	869,000,000	852,000,000	842,000,000	803,000,000	721,000,000	665,000,000	670,000,000	641,000,000	597,000,000	552,000,000	529,900,000	517,100,000	443,200,000	413,700,000	362,200,000	290,200,000	274,300,000	255,900,000	240,700,000	241,000,000	219,100,000	207,300,000	186,800,000	167,000,000	161,700,000
intangible assets	1,627,000,000	1,665,000,000	1,626,000,000	1,622,000,000	564,000,000	572,000,000	572,000,000	514,000,000	496,000,000	467,000,000	468,000,000	468,000,000	447,000,000	431,400,000	424,500,000	415,900,000	398,600,000	388,700,000	349,200,000	303,200,000	294,600,000	295,900,000	289,400,000	289,900,000	290,200,000	291,500,000	292,100,000	292,600,000	292,900,000	293,500,000	294,500,000	289,300,000	286,300,000	283,900,000	284,400,000	283,600,000	309,500,000	303,900,000
goodwill	2,861,000,000	2,873,000,000	2,931,000,000	2,901,000,000	682,000,000	670,000,000	659,000,000	590,000,000	537,000,000	483,000,000	508,000,000	492,000,000	460,000,000	418,700,000	379,100,000	325,500,000	272,500,000	231,500,000	150,600,000	108,200,000	100,600,000	100,500,000	93,600,000	93,600,000	93,600,000	93,600,000	91,000,000	91,000,000	91,000,000	91,000,000	91,000,000	91,000,000	91,000,000	91,000,000	91,100,000	91,000,000	91,000,000	91,000,000	91,000,000	91,000,000	1,353,000,000	1,354,000,000	1,358,000,000	1,360,000,000	1,356,000,000	1,359,000,000	1,347,500,000	1,366,300,000	1,366,300,000	1,352,694,000	1,341,872,000	454,663,000	985,347,000	978,983,000	964,693,000
other long-term assets	44,000,000	45,000,000	47,000,000	17,000,000	8,000,000	8,000,000	9,000,000	9,000,000	10,000,000	10,000,000	55,000,000	48,000,000	33,000,000	34,100,000	38,800,000	32,500,000	27,600,000	13,100,000	15,700,000	16,200,000	18,600,000	18,200,000	18,800,000	19,000,000	22,200,000	23,100,000	23,700,000	25,500,000	35,600,000	38,100,000	43,600,000	42,100,000	42,100,000	38,100,000	36,200,000	35,000,000	34,600,000	34,700,000	35,200,000	35,200,000
total assets	13,564,000,000	13,776,000,000	13,927,000,000	14,018,000,000	7,705,000,000	7,877,000,000	8,172,000,000	7,575,000,000	7,207,000,000	7,061,000,000	6,893,000,000	6,695,000,000	6,276,000,000	5,956,800,000	5,684,000,000	5,310,000,000	4,717,600,000	4,490,400,000	4,132,600,000	3,682,600,000	3,576,000,000	3,588,400,000	3,662,000,000	3,711,700,000	3,767,200,000	3,817,000,000	3,903,100,000	3,801,500,000	3,666,400,000	3,610,200,000	3,770,800,000	3,729,600,000	3,573,900,000	3,549,700,000	3,588,900,000	3,525,100,000	3,444,500,000	3,463,300,000	3,578,000,000	3,533,900,000	24,028,000,000	23,358,000,000	24,569,000,000	25,969,000,000	24,602,000,000	23,985,000,000	24,588,400,000	25,571,800,000	25,932,300,000	24,076,248,000	23,286,038,000	19,539,105,000	19,852,351,000	18,526,803,000	18,677,401,000
liabilities and equity
current liabilities:
current maturities of long-term debt and financing obligations	32,000,000	32,000,000	31,000,000	28,000,000	22,000,000	21,000,000	20,000,000	19,000,000	19,000,000	19,000,000	18,000,000	16,000,000	16,000,000	16,100,000	15,100,000	14,900,000	14,600,000	15,200,000	15,800,000	13,900,000	15,300,000	15,800,000	17,700,000	18,900,000	25,700,000	30,400,000	33,000,000	28,700,000	26,900,000	29,900,000	28,900,000	26,900,000	23,700,000	25,400,000
current maturities of operating lease liabilities	57,000,000	56,000,000	55,000,000	55,000,000	39,000,000	39,000,000	38,000,000	38,000,000	37,000,000	37,000,000	43,000,000	43,000,000	43,000,000	41,900,000	41,800,000	41,400,000	40,100,000	38,700,000	36,300,000	34,900,000	34,000,000	32,100,000	31,900,000	31,800,000	30,900,000	30,500,000	30,300,000	28,500,000	26,100,000
accounts payable	218,000,000	337,000,000	355,000,000	325,000,000	161,000,000	248,000,000	360,000,000	286,000,000	201,000,000	212,000,000	247,000,000	363,000,000	348,000,000	318,300,000	326,600,000	286,900,000	239,400,000	280,600,000	201,800,000	190,600,000	146,000,000	125,800,000	132,700,000	138,100,000	135,400,000	126,500,000	212,000,000	296,200,000	162,200,000	147,000,000	233,800,000	387,800,000	266,600,000	152,000,000	246,300,000	314,800,000	202,100,000	139,000,000	262,900,000	268,400,000	1,382,000,000	875,000,000	917,000,000	1,431,000,000	1,401,000,000	1,008,000,000	967,900,000	952,400,000	1,484,500,000	1,304,849,000	999,061,000	975,098,000	1,511,908,000	1,166,444,000	654,327,000
accrued liabilities	321,000,000	305,000,000	360,000,000	391,000,000	237,000,000	239,000,000	258,000,000	221,000,000	194,000,000	221,000,000	230,000,000	233,000,000	186,000,000	227,700,000	200,600,000	185,100,000	169,200,000	195,400,000	172,800,000	152,800,000	127,500,000	154,300,000	119,400,000	121,700,000	107,100,000	135,700,000	120,900,000	104,700,000	120,300,000	122,300,000	119,100,000	103,800,000	123,400,000	113,300,000	105,600,000	79,600,000	99,200,000	78,200,000	102,500,000	65,400,000	1,090,000,000	1,106,000,000	1,216,000,000	1,128,000,000	1,160,000,000	1,148,000,000	1,104,700,000	1,285,800,000	1,184,400,000	1,213,907,000		1,020,483,000	948,081,000	889,972,000
total current liabilities	628,000,000	730,000,000	801,000,000	818,000,000	474,000,000	562,000,000	697,000,000	585,000,000	474,000,000	508,000,000	538,000,000	655,000,000	593,000,000	604,000,000	584,100,000	528,300,000	463,300,000	529,900,000	426,700,000	392,200,000	322,800,000	328,000,000	301,700,000	310,500,000	299,100,000	323,100,000	396,200,000	458,100,000	335,500,000	299,200,000	381,800,000	518,500,000	413,700,000	290,700,000	387,700,000	424,900,000	328,300,000	242,900,000	393,200,000	363,900,000
long-term debt	7,958,000,000	8,021,000,000	8,164,000,000	8,251,000,000	4,026,000,000	4,069,000,000	4,163,000,000	3,864,000,000	3,753,000,000	3,673,000,000	3,665,000,000	3,493,000,000	3,215,000,000	2,921,900,000	2,761,900,000	2,503,300,000	2,142,100,000	1,916,100,000	1,792,000,000	1,539,200,000	1,585,200,000	1,651,500,000	1,827,900,000	1,931,300,000	2,041,600,000	2,051,500,000	2,149,100,000	2,004,600,000	2,019,400,000	2,129,900,000	2,229,000,000	2,109,600,000	2,054,700,000	2,137,100,000	2,212,300,000	2,145,400,000	2,122,900,000	2,178,600,000	2,124,400,000	2,114,600,000
financing obligations	94,000,000	95,000,000	97,000,000	98,000,000	99,000,000	101,000,000	101,000,000	102,000,000	103,000,000	104,000,000	105,000,000	106,000,000	107,000,000	107,800,000	108,300,000	109,200,000	110,200,000	111,200,000	111,600,000	112,600,000	113,500,000	114,500,000	114,900,000	115,800,000	116,700,000	117,600,000	118,200,000	119,000,000	119,800,000	116,300,000	110,900,000	111,500,000	112,200,000	112,900,000
operating lease liabilities	1,502,000,000	1,479,000,000	1,437,000,000	1,454,000,000	862,000,000	842,000,000	830,000,000	789,000,000	705,000,000	646,000,000	648,000,000	618,000,000	573,000,000	527,700,000	504,400,000	491,400,000	415,900,000	387,400,000	337,900,000	267,100,000	251,200,000	234,100,000	218,300,000	218,500,000	193,900,000	182,200,000	161,500,000	144,500,000	138,100,000
deferred tax liabilities	1,426,000,000	1,446,000,000	1,431,000,000	1,377,000,000	771,000,000	800,000,000	799,000,000	761,000,000	750,000,000	743,000,000	693,000,000	673,000,000	655,000,000	646,500,000	612,200,000	580,100,000	543,200,000	536,800,000	511,900,000	491,400,000	480,600,000	474,000,000	469,500,000	459,900,000	457,000,000	459,300,000	441,200,000	446,100,000	443,800,000	448,300,000	458,400,000	458,200,000	456,700,000
other long-term liabilities	58,000,000	57,000,000	68,000,000	53,000,000	57,000,000	47,000,000				46,000,000				40,200,000				32,100,000			44,700,000	44,300,000	43,200,000	41,700,000	39,000,000	39,000,000	43,900,000	45,500,000	44,000,000	43,800,000	36,400,000	36,500,000	36,300,000	35,800,000	38,300,000	38,800,000	32,600,000	32,000,000	41,300,000	42,100,000
total liabilities	11,666,000,000	11,828,000,000	11,998,000,000	12,107,000,000	6,347,000,000	6,481,000,000	6,695,000,000	6,213,000,000	5,899,000,000	5,788,000,000	5,694,000,000	5,593,000,000	5,189,000,000	4,848,100,000	4,600,900,000	4,244,700,000	3,705,900,000	3,513,500,000	3,223,400,000	2,847,200,000	2,798,000,000	2,846,400,000	2,975,500,000	3,077,700,000	3,147,300,000	3,172,700,000	3,310,100,000	3,217,800,000	3,100,600,000	3,037,500,000	3,216,500,000	3,234,300,000	3,073,600,000	3,039,300,000	3,300,100,000	3,266,300,000	3,162,800,000	3,145,600,000	3,225,600,000	3,186,500,000	21,990,000,000	21,339,000,000	22,231,000,000	23,582,000,000	22,253,000,000	21,521,000,000	21,817,200,000	22,750,900,000	23,768,100,000	22,039,086,000	20,778,733,000	16,996,794,000	17,198,312,000	16,025,060,000	16,128,026,000
commitments and contingencies
equity:
preferred stock, 0.01 par value...
common stock, 0.01 par value...														300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	300,000	4,000,000	4,000,000	4,000,000	5,000,000	5,000,000	5,000,000	4,500,000	4,500,000	4,200,000	4,230,000			3,214,000	3,206,000	3,206,000
additional paid-in capital	2,449,000,000	2,448,000,000	2,440,000,000	2,423,000,000	1,832,000,000	1,832,000,000	1,829,000,000	1,821,000,000	1,815,000,000	1,820,000,000	1,816,000,000	1,808,000,000	1,801,000,000	1,820,000,000	1,811,900,000	1,802,300,000	1,796,600,000	1,822,200,000	1,830,900,000	1,825,300,000	1,818,500,000	1,818,200,000	1,807,400,000	1,800,200,000	1,798,200,000	1,796,900,000	1,789,200,000	1,785,800,000	1,780,600,000	1,777,900,000	1,773,800,000	1,770,000,000	1,766,600,000	1,763,100,000	1,758,100,000	1,754,100,000	1,754,800,000	1,753,300,000	1,772,200,000	1,769,900,000	3,359,000,000	3,343,000,000	3,334,000,000	3,330,000,000	3,326,000,000	3,325,000,000	3,225,900,000	3,217,700,000	3,265,100,000	3,237,348,000	3,233,948,000	3,220,500,000	2,449,044,000
retained earnings	500,000,000	547,000,000	547,000,000	540,000,000	595,000,000	633,000,000	698,000,000	595,000,000	544,000,000	498,000,000	425,000,000	330,000,000	272,000,000	224,100,000	143,400,000	59,600,000	5,100,000																																				26,999,000		9,535,000
accumulated other comprehensive loss	-124,000,000	-120,000,000	-131,000,000	-125,000,000	-142,000,000	-142,000,000	-123,000,000	-127,000,000	-124,000,000	-118,000,000	-128,000,000	-122,000,000	-127,000,000	-128,500,000	-121,300,000	-104,900,000	-98,300,000	-100,200,000	-104,800,000	-100,700,000	-104,200,000	-107,000,000	-116,200,000	-121,600,000	-131,700,000	-109,700,000	-118,200,000	-114,700,000	-117,700,000	-122,400,000	-101,200,000	-110,200,000	-102,100,000	-98,600,000	-98,400,000	-111,600,000	-117,000,000	-118,700,000	-116,100,000	-115,800,000								-51,400,000	-73,300,000	-51,165,000	-26,892,000	-14,829,000
treasury stock	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-927,000,000	-914,000,000	-914,000,000	-859,000,000	-807,200,000	-751,200,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-692,000,000	-349,000,000	-87,000,000	-87,000,000	-87,000,000	-87,500,000		-467,200,000	-467,248,000
total equity	1,898,000,000	1,948,000,000	1,929,000,000	1,911,000,000	1,358,000,000	1,396,000,000	1,477,000,000	1,362,000,000	1,308,000,000	1,273,000,000	1,199,000,000	1,102,000,000	1,087,000,000	1,108,700,000	1,083,100,000	1,065,300,000	1,011,700,000	976,900,000	909,200,000	835,400,000	778,000,000	742,000,000	686,500,000	634,000,000	619,900,000	644,300,000	593,000,000	583,700,000	565,800,000	572,700,000	554,300,000	495,300,000	500,300,000	510,400,000	288,800,000	258,800,000	281,700,000	317,700,000	352,400,000	347,400,000	2,038,000,000	2,019,000,000	2,338,000,000	2,387,000,000	2,349,000,000	2,464,000,000				2,037,162,000	2,507,305,000	2,542,311,000
total liabilities and equity	13,564,000,000	13,776,000,000	13,927,000,000	14,018,000,000	7,705,000,000	7,877,000,000	8,172,000,000	7,575,000,000	7,207,000,000	7,061,000,000	6,893,000,000	6,695,000,000	6,276,000,000	5,956,800,000	5,684,000,000	5,310,000,000	4,717,600,000	4,490,400,000	4,132,600,000	3,682,600,000	3,576,000,000	3,588,400,000	3,662,000,000	3,711,700,000	3,767,200,000	3,817,000,000	3,903,100,000	3,801,500,000	3,666,400,000	3,610,200,000	3,770,800,000	3,729,600,000	3,573,900,000	3,549,700,000	3,588,900,000	3,525,100,000	3,444,500,000	3,463,300,000	3,578,000,000	3,533,900,000	24,028,000,000	23,358,000,000	24,569,000,000	25,969,000,000	24,602,000,000	23,985,000,000	24,588,400,000	25,571,800,000	25,932,300,000	24,076,248,000	23,286,038,000	19,539,105,000
assets held for sale				23,000,000	18,000,000	17,000,000	20,000,000	22,000,000	27,000,000	21,000,000														10,700,000	28,400,000	31,100,000
liabilities held for sale				19,000,000	15,000,000	15,000,000	21,000,000	21,000,000	23,000,000	19,000,000
other long term liabilities							44,000,000	49,000,000	48,000,000		45,000,000	48,000,000	46,000,000		30,000,000	32,400,000	31,200,000		43,300,000	44,700,000
accumulated deficit																		-53,400,000	-125,200,000	-197,500,000	-244,600,000	-277,500,000	-313,000,000	-352,900,000	-354,900,000	-351,200,000	-386,300,000	-395,700,000	-405,400,000	-391,100,000	-426,600,000	-472,800,000	-472,500,000	-462,400,000	-679,200,000	-692,000,000	-664,400,000	-625,200,000	-612,000,000	-615,000,000	-442,000,000	-391,000,000	-461,000,000	-711,000,000	-734,000,000	-664,000,000	-378,800,000	-349,900,000	-564,600,000	-686,022,000	-703,985,000	-667,588,000
inventory																														17,900,000	20,200,000	20,700,000	22,200,000	23,700,000	26,700,000	25,900,000	25,700,000	24,100,000
prepaid and other current assets																														22,300,000	22,200,000	20,600,000	24,000,000	23,000,000	19,200,000
revenue earning equipment																																2,585,400,000	2,435,200,000	2,374,600,000	2,465,500,000	2,449,000,000	2,372,300,000	2,390,000,000	2,487,100,000	2,460,500,000	14,225,000,000	13,128,000,000	14,626,000,000	15,996,000,000	14,593,000,000	13,653,000,000
restricted cash and cash equivalents																																			7,100,000	10,300,000	5,600,000	19,400,000	4,700,000	13,900,000	353,000,000	349,000,000	280,000,000	421,000,000	411,000,000	571,000,000	859,900,000	521,300,000	393,200,000	425,161,000	571,634,000	376,773,000
deferred tax assets																																		1,300,000
deferred taxes																																		462,800,000	661,800,000	657,200,000	679,000,000	692,100,000	666,700,000	665,900,000
taxes receivable																																			4,400,000	10,900,000	10,900,000	7,400,000	7,500,000	18,500,000
current maturities of long-term debt																																			17,200,000	16,000,000	15,600,000	15,700,000	15,500,000	15,800,000
taxes payable																																			18,600,000	14,500,000	11,400,000	10,000,000	12,300,000	14,300,000
prepaid expenses and other current assets																																				17,100,000	14,700,000	15,900,000	12,200,000	8,900,000
loans payable to affiliates
inventories																																							24,500,000	24,300,000	53,000,000	51,000,000	62,000,000	75,000,000	71,000,000	67,000,000
other intangible assets																																							303,700,000	302,800,000	3,804,000,000	3,822,000,000	3,900,000,000	3,945,000,000	3,978,000,000	4,009,000,000	3,928,000,000	3,944,700,000	3,968,500,000	4,002,046,000	4,032,111,000	2,531,522,000	3,143,263,000	3,158,508,000	3,173,495,000
prepaid expenses and other assets																																									651,000,000	846,000,000	934,000,000	938,000,000	990,000,000	917,000,000	717,200,000	677,000,000	765,300,000	550,670,000	470,120,000	384,079,000	412,067,000	353,889,000	369,922,000
revenue earning equipment:
vehicles																																									14,484,000,000	13,441,000,000	15,012,000,000
less accumulated depreciation - vehicles																																									-2,620,000,000	-2,695,000,000	-2,862,000,000
equipment																																									3,543,000,000	3,526,000,000	3,582,000,000	3,781,000,000
less accumulated depreciation - equipment																																									-1,182,000,000	-1,144,000,000	-1,106,000,000	-1,174,000,000
property and other equipment:
land, buildings and leasehold improvements																																									1,335,000,000	1,347,000,000	1,302,000,000	1,364,000,000	1,251,000,000	1,268,000,000	1,362,100,000	1,350,300,000	1,333,700,000	1,302,509,000	1,288,833,000	1,191,140,000	1,012,412,000	992,479,000	969,195,000
service equipment and other																																									1,089,000,000	1,075,000,000	1,058,000,000	1,072,000,000	1,048,000,000	1,148,000,000	1,257,000,000	1,220,800,000	1,257,800,000	1,241,864,000	1,261,049,000	1,138,356,000
less accumulated depreciation																																									-1,210,000,000	-1,174,000,000	-1,083,000,000	-1,129,000,000	-985,000,000	-1,094,000,000	-2,679,600,000	-2,440,400,000	-2,169,100,000	-1,995,261,000	-1,881,030,000	-1,814,403,000
property and other equipment																																									1,214,000,000	1,248,000,000	1,277,000,000	1,307,000,000
accrued taxes																																									166,000,000	172,000,000	136,000,000	102,000,000	135,000,000	134,000,000	140,400,000	171,100,000	134,900,000	143,589,000	118,610,000	205,037,000	122,243,000	120,137,000	92,469,000
debt																																									16,072,000,000	15,907,000,000	16,609,000,000	17,682,000,000	16,351,000,000	15,993,000,000	16,309,400,000	17,136,200,000	17,842,000,000	16,316,982,000	15,448,624,000	12,720,908,000	12,452,526,000	11,756,914,000	12,276,184,000
public liability and property damage																																									413,000,000	402,000,000	391,000,000	384,000,000	369,000,000	385,000,000	347,700,000	346,600,000	327,500,000	321,003,000	332,232,000	279,755,000	340,583,000	328,845,000	327,024,000
deferred taxes on income																																									2,867,000,000	2,877,000,000	2,962,000,000	2,855,000,000	2,837,000,000	2,853,000,000	2,947,100,000	2,858,800,000	2,794,800,000	2,738,756,000	2,699,668,000	1,795,513,000	1,822,971,000	1,762,748,000	1,801,073,000
accumulated other comprehensive income																																									-191,000,000	-245,000,000	-190,000,000	-150,000,000	-161,000,000	-115,000,000	7,100,000						154,613,000	101,900,000	94,528,000
cars																																												16,393,000,000	15,412,000,000	14,622,000,000	14,456,600,000	15,245,700,000	15,489,800,000	13,694,941,000	12,591,132,000	11,850,783,000	10,061,868,000	8,853,868,000	8,188,794,000
less accumulated depreciation - cars																																												-3,004,000,000	-3,292,000,000	-3,411,000,000
other equipment																																													3,626,000,000	3,613,000,000	3,512,200,000	3,486,500,000	3,425,200,000	3,313,112,000	3,240,095,000	3,226,306,000	2,922,090,000	2,724,863,000	2,686,947,000
less accumulated depreciation - other equipment																																													-1,153,000,000	-1,171,000,000
property and equipment:
revenues:
worldwide car rental																																														8,907,000,000
worldwide equipment rental																																														1,571,000,000
all other operations																																														568,000,000
total revenues																																														11,046,000,000
expenses:
direct operating																																														6,314,000,000
depreciation of revenue earning equipment and lease charges																																														3,034,000,000
selling, general and administrative																																														1,088,000,000
interest expense																																														648,000,000
other income																																														-15,000,000
total expenses																																														11,069,000,000
income before income taxes																																														-23,000,000
benefit from taxes on income																																														-59,000,000
net income																																														-82,000,000
weighted-average shares outstanding:
basic																																														454,000,000
diluted																																														454,000,000
earnings per share:
receivables, less allowance for doubtful accounts of 30.8 and 29.3																																															1,512,600,000
inventories, at lower of cost or market																																															92,300,000	106,700,000	128,300,000	109,953,000	105,728,000	105,982,000	129,846,000	114,773,000	112,119,000
revenue earning equipment, at cost:
total revenue earning equipment																																															14,193,400,000	15,215,300,000	15,706,000,000	13,969,224,000	12,908,336,000	12,221,209,000	11,794,904,000	10,459,027,000	9,805,508,000
property and equipment, at cost:
total property and equipment																																															1,514,300,000	1,490,900,000	1,465,600,000	1,457,197,000	1,436,386,000	1,279,721,000	1,361,290,000	1,353,654,000	1,368,057,000
hertz global holdings, inc. and subsidiaries stockholders' equity
total hertz global holdings, inc. and subsidiaries stockholders' equity																																															2,771,200,000	2,820,900,000	2,164,200,000	2,037,143,000	2,507,286,000	2,542,292,000
receivables, less allowance for doubtful accounts of 35.4 and 25.1																																																1,700,900,000
receivables, less allowance for doubtful accounts of 26.2 and 25.1																																																	1,656,000,000
receivables, less allowance for doubtful accounts of 29,018 and 25,113																																																		1,555,520,000
noncontrolling interest																																																		19,000	19,000	19,000
receivables, less allowance for doubtful accounts of 25,113 and 20,282																																																			1,886,596,000
accrued salaries and other compensation																																																			440,936,000				463,466,000
other accrued liabilities																																																			739,602,000				513,483,000
issued and outstanding
and 417,022,853 shares issued and outstanding																																																			4,215,000	4,209,000
receivables, less allowance for doubtful accounts of 23,681 and 20,282																																																				1,731,795,000
cash and equivalents																																																					401,630,000	476,883,000	674,549,000
restricted cash																																																					212,215,000	191,835,000	552,516,000
receivables, less allowance for doubtful accounts of 5,412 and 1,989																																																					1,411,789,000
service equipment																																																					643,566,000	615,708,000	597,882,000
liabilities and stockholders’ equity
minority interest																																																					20,169,000	18,923,000	14,813,000
stockholders’ equity:
total stockholders’ equity																																																					2,633,870,000	2,482,820,000	2,534,562,000
total liabilities and stockholders’ equity																																																					19,852,351,000	18,526,803,000	18,677,401,000
receivables, less allowance for doubtful accounts of 3,717 and 1,989																																																						1,439,251,000
property and equipment, at cost: - sum																																																						1,608,187,000	1,567,077,000
additional capital paid-in																																																						2,434,389,000	2,427,293,000
accumulated (deficit)/retained earnings
receivables, less allowance for doubtful accounts of 1,989 and 460																																																							1,656,542,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2007-06-30	2007-03-31

cash flows from operating activities:
net loss	-24,000,000																								-3,700,000				-6,700,000			-300,000	-10,100,000		12,800,000	-27,600,000	-39,200,000																-62,566,000
adjustments to reconcile net loss to net cash from operating activities:
depreciation of rental equipment	242,000,000	243,000,000	246,000,000	195,000,000	172,000,000	180,000,000	174,000,000	165,000,000	160,000,000	163,000,000	167,000,000	161,000,000	152,000,000	146,800,000	139,600,000	130,200,000	119,300,000	113,800,000	105,400,000	101,100,000	100,400,000	100,200,000	101,900,000	101,400,000	100,400,000	105,500,000	102,700,000	100,900,000	100,000,000	98,900,000
depreciation of property and equipment	32,000,000	32,000,000	30,000,000	25,000,000	22,000,000	22,000,000	21,000,000	20,000,000	19,000,000	18,000,000	19,000,000	17,000,000	17,000,000	16,800,000	16,300,000	15,600,000	14,800,000	14,700,000	14,000,000	13,500,000	13,400,000	13,300,000	13,500,000	13,700,000	14,000,000	14,700,000	13,100,000	12,900,000	13,300,000	13,700,000	12,800,000	12,700,000	12,700,000	12,800,000	11,900,000	11,600,000	10,500,000	10,600,000	10,500,000							55,600,000	47,900,000	50,476,000	51,324,000	47,450,000	34,134,000	45,298,000	45,700,000
amortization of intangible assets	41,000,000	44,000,000	40,000,000	20,000,000	11,000,000	13,000,000	12,000,000	10,000,000	10,000,000	11,000,000	10,000,000	11,000,000	9,000,000	9,200,000	9,200,000	7,100,000	5,900,000	4,400,000	3,100,000	2,500,000	2,400,000	2,200,000	2,000,000	2,000,000	1,800,000	1,800,000	1,800,000	1,700,000	1,700,000	1,800,000	1,500,000	1,000,000	1,100,000	1,000,000	1,500,000	1,000,000	1,200,000
amortization of deferred debt and financing obligations costs	3,000,000	2,000,000	3,000,000	2,000,000	1,000,000	2,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	900,000	800,000	800,000	800,000	800,000	800,000	800,000	800,000	800,000	900,000	800,000	900,000	900,000	1,000,000	1,700,000	1,600,000	1,600,000	1,600,000	1,600,000	1,500,000
stock-based compensation charges	6,000,000	6,000,000	16,000,000	6,000,000	6,000,000	1,000,000	7,000,000	4,000,000	5,000,000	3,000,000	6,000,000	5,000,000	4,000,000	7,200,000	8,600,000	5,100,000	6,200,000	5,400,000	5,500,000	7,100,000	5,300,000	6,100,000	5,400,000	1,700,000	3,200,000	7,000,000	4,300,000	4,300,000	3,900,000	3,500,000	3,300,000	3,800,000	2,800,000	2,600,000	3,000,000	3,000,000	1,500,000	1,700,000	1,100,000	-3,300,000	6,000,000	3,000,000	5,000,000	5,000,000	4,000,000	2,300,000	12,800,000	11,716,000	7,984,000	7,995,000
provision for receivables allowances	25,000,000		27,000,000	17,000,000	14,000,000		20,000,000	16,000,000	12,000,000		19,000,000	17,000,000	13,000,000		14,200,000	11,200,000	9,300,000		6,300,000	6,400,000	7,900,000		4,700,000	11,200,000	12,300,000		15,000,000	12,900,000	12,300,000
deferred taxes	-19,000,000	-11,000,000	60,000,000	-29,000,000	-29,000,000	2,000,000	37,000,000	11,000,000	9,000,000	48,000,000	21,000,000	17,000,000	3,000,000	5,900,000	34,800,000	37,900,000	5,200,000	16,000,000	21,100,000	10,100,000	6,200,000	-800,000	11,700,000	200,000	800,000	16,300,000	-4,300,000	2,000,000	-3,300,000	-4,100,000	-2,100,000	800,000	-5,100,000	-196,900,000	5,800,000	-22,200,000	-15,100,000	3,300,000
gain on sale of rental equipment	-29,000,000	-25,000,000	-17,000,000	-20,000,000	-29,000,000	-29,000,000	-15,000,000	-20,000,000	-23,000,000	-17,000,000	-25,000,000	-27,000,000	-25,000,000		-5,300,000	-5,200,000	-9,200,000										1,300,000	-1,300,000	-1,600,000
other	3,000,000	4,000,000	6,000,000			2,000,000	4,000,000	3,000,000	3,000,000	0	-2,000,000	1,000,000	2,000,000	300,000	1,100,000	400,000	1,000,000	-500,000	500,000			500,000	-1,500,000	2,600,000	3,100,000	-7,100,000	1,900,000	100,000	3,600,000	-5,800,000	3,800,000	3,500,000	2,300,000	3,700,000	1,400,000	-900,000	1,600,000	3,500,000	1,900,000	6,100,000	-6,000,000	-3,000,000	-3,000,000	0	-4,000,000
changes in assets and liabilities, net of effects from acquisitions:
receivables	-11,000,000	13,000,000	-62,000,000	-17,000,000	20,000,000	14,000,000	-54,000,000	-15,000,000	-7,000,000	-19,000,000	-55,000,000	-37,000,000	13,000,000	-16,400,000	-72,500,000	-59,500,000	-23,500,000	-11,500,000	-53,400,000	-21,300,000	-6,500,000	-10,100,000	-46,800,000	26,300,000	6,000,000	-1,300,000	-24,300,000	-16,400,000	3,700,000	16,800,000	-45,300,000	-21,200,000	19,800,000	-33,000,000	-66,900,000	-34,100,000	2,400,000	-18,800,000	-30,300,000	38,900,000	-49,000,000	44,000,000	62,000,000	-151,000,000	-13,000,000	130,400,000	62,300,000	-194,189,000	-33,211,000	74,604,000	-501,592,000	45,344,000	223,912,000
other assets	16,000,000	18,000,000	-5,000,000	6,000,000	-20,000,000	-21,000,000	-14,000,000	15,000,000	-6,000,000	-19,000,000	-4,000,000	3,000,000	-2,000,000	-5,000,000	-3,300,000	1,100,000	-8,500,000	-3,500,000	-6,100,000	800,000	-600,000	-3,500,000	-1,800,000	800,000	-3,400,000	1,300,000	-10,300,000	10,800,000	2,300,000
accounts payable	-44,000,000	26,000,000	16,000,000	12,000,000	-18,000,000	-15,000,000	4,000,000	15,000,000	-2,000,000	-3,000,000	16,000,000	-14,000,000	8,000,000	-21,000,000	21,400,000	-14,000,000	-8,800,000	15,200,000	1,500,000	3,100,000	3,100,000	-4,500,000	14,200,000	-4,700,000	-11,400,000	-11,300,000	-13,300,000	14,000,000	-2,300,000	1,800,000	-14,100,000	10,900,000	-300,000	-6,600,000	12,200,000	-19,200,000	3,600,000	-15,900,000	38,300,000	-6,200,000	-7,000,000	-5,000,000	-68,000,000	39,000,000	18,000,000	-69,200,000	7,100,000	47,011,000	38,289,000	-33,216,000	-711,514,000	292,682,000	501,944,000
accrued liabilities and other long-term liabilities	36,000,000	-99,000,000	-31,000,000	5,000,000	39,000,000	-10,000,000	17,000,000	23,000,000	-6,000,000	-3,000,000	-6,000,000	50,000,000	-27,000,000	47,100,000	-2,000,000	13,000,000	-28,000,000	8,600,000	7,200,000	25,300,000	-24,800,000	34,600,000	-1,500,000	19,500,000	-31,200,000	16,400,000	16,700,000	-17,300,000	2,900,000	7,300,000	20,000,000	-18,400,000	8,700,000	-3,500,000	26,200,000	-21,100,000	17,800,000	-21,400,000	36,300,000
net cash from operating activities	277,000,000	315,000,000	358,000,000	241,000,000	171,000,000	331,000,000	336,000,000	318,000,000	240,000,000	290,000,000	280,000,000	281,000,000	235,000,000	293,500,000	264,300,000	215,900,000	143,000,000	240,800,000	175,300,000	193,200,000	134,700,000	186,900,000	143,600,000	178,900,000	101,500,000	194,400,000	168,600,000	141,400,000	131,200,000	184,100,000	142,100,000	103,700,000	129,200,000	91,800,000	127,300,000	36,400,000	86,200,000	62,500,000	162,800,000	-368,900,000	577,000,000	649,000,000	1,232,000,000	669,000,000	782,000,000	738,000,000	1,393,000,000	715,046,000	743,554,000	588,035,000	-72,578,000	1,077,759,000	1,124,767,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000,000	0	20,000,000	-27,000,000	-3,000,000	0	71,000,000	16,100,000	-19,100,000	-101,000	58,701,000	-18,712,000	0	0	0
free cash flows	277,000,000	315,000,000	358,000,000	241,000,000	171,000,000	331,000,000	336,000,000	318,000,000	240,000,000	290,000,000	280,000,000	281,000,000	235,000,000	293,500,000	264,300,000	215,900,000	143,000,000	240,800,000	175,300,000	193,200,000	134,700,000	186,900,000	143,600,000	178,900,000	101,500,000	194,400,000	168,600,000	141,400,000	131,200,000	184,100,000	142,100,000	103,700,000	129,200,000	91,800,000	127,300,000	36,400,000	86,200,000	62,500,000	163,800,000	-368,900,000	597,000,000	622,000,000	1,229,000,000	669,000,000	853,000,000	754,100,000	1,373,900,000	714,945,000	802,255,000	569,323,000	-72,578,000	1,077,759,000	1,124,767,000
cash flows from investing activities:
rental equipment expenditures	-272,000,000	-262,000,000	-414,000,000	-234,000,000	-187,000,000	-295,000,000	-285,000,000	-287,000,000	-181,000,000	-220,000,000	-397,000,000	-371,000,000	-332,000,000	-327,300,000	-285,900,000	-268,500,000	-286,800,000	-146,800,000	-207,700,000	-148,400,000	-90,900,000	-70,900,000	-111,700,000	-78,500,000	-83,000,000	-131,700,000	-249,600,000	-174,500,000	-82,600,000	-153,900,000
proceeds from disposal of rental equipment	117,000,000	142,000,000	123,000,000	89,000,000	94,000,000	90,000,000	73,000,000	64,000,000	61,000,000	94,000,000	100,000,000	82,000,000	49,000,000	54,500,000	19,800,000	18,000,000	28,800,000	20,800,000	15,100,000	30,700,000	40,300,000	78,400,000	46,200,000	33,300,000	34,600,000	67,300,000	33,200,000	54,100,000	69,600,000	83,200,000
non-rental capital expenditures	-41,000,000	-34,000,000	-43,000,000	-47,000,000	-33,000,000	-34,000,000	-56,000,000	-41,000,000	-30,000,000	-37,000,000	-42,000,000	-44,000,000	-33,000,000	-22,000,000	-54,200,000	-14,600,000	-12,900,000	-16,900,000	-10,200,000	-7,500,000	-13,400,000	-9,400,000	-6,500,000	-10,000,000	-15,500,000	-22,000,000	-14,400,000	-9,100,000	-11,400,000	-19,100,000	-25,300,000	-18,800,000	-14,400,000	-17,500,000	-31,100,000	-8,100,000	-17,900,000
proceeds from disposal of property and equipment	13,000,000	5,000,000	6,000,000	5,000,000	4,000,000	4,000,000	2,000,000	2,000,000	2,000,000	4,000,000	5,000,000	3,000,000	3,000,000	3,000,000	1,200,000	1,100,000	2,200,000	1,200,000	1,000,000	600,000	1,800,000	2,400,000	2,000,000	600,000	1,600,000	2,700,000	900,000	3,200,000	900,000	5,800,000	1,500,000	1,200,000	1,200,000	3,100,000	1,100,000	1,200,000	500,000	1,600,000	1,300,000						22,000,000	10,700,000	19,800,000	19,044,000	23,456,000	43,050,000	70,257,000	14,955,000	9,432,000
acquisitions, net of cash acquired		-1,000,000	-5,000,000	-4,240,000,000	-11,000,000	-33,000,000	-277,000,000	-142,000,000	-148,000,000	-98,000,000	-60,000,000	-134,000,000	-138,000,000	-74,300,000	-123,800,000	-244,100,000	-73,000,000	-205,800,000																								0	0	1,000,000	-96,000,000	-27,100,000	2,300,000	-226,416,000	-2,784,000	-1,708,429,000
net cash from investing activities	-183,000,000	-150,000,000	-234,000,000	-4,427,000,000	-133,000,000	-268,000,000	-543,000,000	-404,000,000	-296,000,000	-257,000,000	-394,000,000	-479,000,000	-451,000,000	-366,100,000	-442,900,000	-526,100,000	-346,700,000	-347,500,000	-409,100,000	-142,500,000	-62,200,000	-35,900,000	-70,000,000	-39,300,000	-62,300,000	-87,900,000	-227,800,000	-124,400,000	-23,500,000	-84,000,000	-281,800,000	-158,400,000	-42,800,000	-113,900,000	-189,300,000	-72,300,000	-27,500,000	-157,900,000	-163,700,000	340,200,000	-417,000,000	349,000,000	42,000,000	-1,990,000,000	-1,166,000,000	196,800,000	-771,500,000	-2,331,783,000	-932,317,000	-1,491,101,000
cash flows from financing activities:
proceeds from revolving lines of credit and securitization	571,000,000	657,000,000	567,000,000	2,841,000,000	520,000,000	478,000,000	690,000,000	455,000,000	385,000,000	372,000,000	465,000,000	650,000,000	640,000,000	538,000,000	1,207,000,000	527,800,000	345,000,000	648,700,000	317,900,000	95,000,000	70,000,000	55,000,000	85,000,000	127,000,000	261,000,000	95,700,000	881,200,000	190,800,000	62,300,000	86,700,000
repayments on revolving lines of credit and securitization	-637,000,000	-793,000,000	-654,000,000	-2,084,000,000	-561,000,000	-578,000,000	-388,000,000	-1,131,000,000	-302,000,000	-371,000,000	-297,000,000	-372,000,000	-347,000,000	-388,000,000	-942,000,000	-167,800,000	-118,400,000	-525,000,000	-80,000,000	-140,000,000	-135,000,000	-230,000,000	-187,000,000	-236,000,000	-271,700,000	-199,300,000	-1,091,000,000	-201,800,000	-172,700,000	-179,500,000
principal payments under finance lease and financing obligations	-8,000,000	-6,000,000	-6,000,000	-5,000,000	-5,000,000	-4,000,000	-5,000,000	-5,000,000	-5,000,000	-4,000,000	-4,000,000	-4,000,000	-4,000,000	-3,400,000	-3,900,000	-3,700,000	-3,900,000
dividends paid	-24,000,000	-23,000,000	-23,000,000	-20,000,000	-21,000,000	-19,000,000	-19,000,000	-19,000,000	-20,000,000	-17,000,000	-18,000,000	-18,000,000	-20,000,000	-16,600,000	-17,200,000	-17,200,000	-17,100,000
net settlement on vesting of equity awards	-7,000,000	0	-1,000,000	0	-7,000,000	0	0	0	-12,000,000	0	0	0	-25,000,000	-200,000	-100,000	-200,000	-15,000,000	-300,000	-500,000	-1,100,000	-7,100,000	0	-200,000	-300,000	-2,500,000	0	-1,800,000	-100,000	-1,800,000	0	0	-1,000,000	-100,000						0
proceeds from employee stock purchase plan	2,000,000	2,000,000	2,000,000	1,000,000	1,000,000	2,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	800,000	800,000	800,000	600,000	600,000	600,000	600,000	500,000	600,000	600,000	600,000	600,000	700,000	500,000	600,000	500,000	500,000	400,000	400,000	400,000											1,300,000	1,400,000	1,198,000	1,202,000	1,089,000
net cash from financing activities	-103,000,000	-175,000,000	-116,000,000	4,191,000,000	-73,000,000	-121,000,000	279,000,000	93,000,000	48,000,000	-33,000,000	148,000,000	195,000,000	202,000,000	69,000,000	184,000,000	339,700,000	191,400,000	106,700,000	234,900,000	-49,200,000	-72,800,000	-173,900,000	-103,400,000	-112,900,000	-15,800,000	-108,200,000	66,100,000	-13,800,000	-111,200,000	-90,000,000	113,100,000	57,100,000	-84,400,000			23,200,000	-58,500,000	55,900,000	10,300,000	-303,900,000	199,000,000	-1,011,000,000	-1,298,000,000	1,270,000,000	499,000,000	-1,074,200,000	-562,400,000	1,446,651,000	316,849,000	978,265,000	543,303,000
effect of foreign exchange rate changes on cash and cash equivalents														200,000	-600,000			-100,000	-500,000	200,000	200,000	2,100,000	400,000	700,000	-600,000	200,000	-300,000	200,000	200,000					0	800,000	400,000	100,000	-800,000	-100,000	-11,500,000	12,000,000	-10,000,000	-4,000,000	3,000,000	-20,000,000		6,500,000	-642,000	-7,558,000	4,695,000
net change in cash and cash equivalents during the period	-9,000,000	-9,000,000	8,000,000	5,000,000	-35,000,000	-59,000,000	72,000,000	7,000,000	-8,000,000	0	34,000,000	-3,000,000	-14,000,000	-3,400,000	4,800,000	29,300,000	-12,300,000
cash and cash equivalents at beginning of period	52,000,000	0	0	0	83,000,000	0	0	0	71,000,000	0	0	0	54,000,000	0	0	0	35,100,000																	0	0	0	24,000,000	0	0	-470,300,000	486,000,000	0	0	0	490,000,000	12,200,000	0	45,000	533,255,000	0
cash and cash equivalents at end of period	43,000,000	-9,000,000	8,000,000	5,000,000	48,000,000	-59,000,000	72,000,000	7,000,000	63,000,000	0	34,000,000	-3,000,000	40,000,000	-3,400,000	4,800,000	29,300,000	22,800,000	-100,000	600,000	1,700,000	32,900,000	-20,800,000	-29,400,000	27,400,000	55,800,000		6,600,000	3,400,000	24,500,000					22,400,000	7,100,000	-12,300,000	24,300,000	-40,300,000	9,300,000	-814,400,000	857,000,000	-23,000,000	-28,000,000	-48,000,000	585,000,000	-125,500,000	65,600,000	-170,683,000	653,783,000	79,894,000
supplemental disclosure of cash flow information:
cash paid for interest	63,000,000	217,000,000	83,000,000	53,000,000	66,000,000	64,000,000	71,000,000	45,000,000	78,000,000	46,000,000	75,000,000	37,000,000	63,000,000	22,000,000	46,500,000	7,700,000	37,900,000	4,700,000	37,200,000	3,900,000	36,900,000			6,100,000	41,500,000			46,300,000	15,300,000	39,100,000	28,700,000	49,800,000	11,700,000	56,800,000
cash paid for income taxes		6,000,000	1,000,000	15,000,000	2,000,000	0	3,000,000	6,000,000	3,000,000	9,000,000	17,000,000	3,000,000	1,000,000	5,800,000	6,200,000	5,200,000	4,900,000	9,500,000	2,500,000	3,200,000	7,600,000	1,000,000	1,400,000				-2,900,000					7,200,000	3,500,000
supplemental disclosure of non-cash investing activity:
non-rental capital expenditures in accounts payable		3,000,000	-4,000,000	-1,000,000	7,000,000	-3,000,000	-12,000,000	12,000,000	5,000,000			-1,000,000	3,000,000	11,100,000	-12,900,000											-4,500,000					2,000,000	3,300,000	300,000		-11,900,000
disposal of rental equipment in accounts receivable	11,000,000		19,000,000	8,000,000	4,000,000		3,000,000	-4,000,000	5,000,000			3,000,000	15,000,000								400,000				1,900,000
supplemental disclosure of non-cash investing and financing activity:
equipment acquired through finance lease	10,000,000	11,000,000	7,000,000	0	3,000,000	13,000,000	1,000,000	0	3,000,000	9,000,000	11,000,000	1,000,000	3,000,000	11,300,000	5,700,000	6,300,000	800,000
net income		24,000,000	30,000,000	-35,000,000	-18,000,000	-46,000,000	122,000,000	70,000,000	65,000,000	91,000,000	113,000,000	76,000,000	67,000,000	97,800,000	101,400,000	72,200,000	58,500,000	71,800,000	72,300,000	47,100,000	32,900,000	35,500,000	39,900,000			35,100,000	9,400,000			33,300,000								-13,200,000	3,000,000	41,500,000	-51,000,000	70,000,000	250,000,000	23,000,000	-70,000,000	-7,900,000	214,700,000	121,437,000	17,963,000	-36,396,000	258,366,000
adjustments to reconcile net income to net cash from operating activities:
loss on extinguishment of debt																										0																				7,200,000
impairment																		2,800,000	0			5,900,000	0	3,200,000	6,300,000					0	0			400,000	0
provision for receivables allowance																														16,800,000	16,900,000	14,000,000	10,100,000	13,000,000	17,500,000	11,300,000	10,600,000	20,000,000	6,300,000	-4,900,000	23,000,000	1,000,000	19,000,000
loss on assets held for sale		0	-1,000,000
proceeds from disposal of business		0																				9,200,000	0																											72,806,000
other investing activities										0	0			0	0	-18,000,000	-5,000,000																													1,400,000	-800,000	-1,531,000	-469,000	-379,000
proceeds from issuance of long-term debt		1,194,000,000	0			0	0																			0												0	0	235,000,000	1,000,000,000	600,000,000	7,000,000			567,200,000	3,100,000	2,818,000	1,201,582,000	1,954,898,000	277,841,000	2,441,000	2,100,000
repayments of long-term debt																										0				0				-123,500,000	0	0	-123,500,000				-185,000,000	-193,000,000	-68,000,000	-5,000,000	-1,027,000,000
payment of debt financing costs														0
proceeds from exercise of stock options						0	0	1,000,000	1,000,000	0	1,000,000	1,000,000	1,000,000	100,000				500,000	0	200,000	1,500,000	4,100,000				100,000	300,000																			5,300,000	3,000,000	14,385,000	4,215,000	3,987,000
repurchase of common stock										-13,000,000	0	-63,000,000	-44,000,000	-61,900,000
supplemental disclosures of cash flow information:
supplemental disclosures of non-cash investing activity:
purchases of rental equipment in accounts payable		-47,000,000	19,000,000			-96,000,000	83,000,000					29,000,000	18,000,000	-200,000	31,400,000			61,900,000	3,300,000	39,400,000	24,500,000	-9,000,000	-20,900,000	9,300,000	24,600,000		-77,900,000	116,300,000	25,400,000
disposals of rental equipment in accounts receivable																													7,500,000
supplemental disclosures of non-cash investing and financing activity:
issuance of common stock for h&e acquisition		0	0
payment of debt issuance costs			-1,000,000				0																															0	-400,000
changes in assets and liabilities:
loss on sale of rental equipment																		-5,500,000	-2,900,000	-5,600,000	-5,800,000	3,500,000	1,000,000	-1,800,000	2,400,000					-5,200,000
restructuring																										0	0
proceeds from financing obligations																										0	0	0	4,700,000
debt redemption premium payment																										0
payment of financing obligation and debt financing costs
disposals of property and equipment in accounts receivable																													1,100,000
note receivable on disposal of joint venture																										0	0
principal payments under capital lease and financing obligations																			-3,000,000	-3,900,000	-2,800,000		-3,000,000	-4,200,000	-3,200,000		-3,900,000	-3,800,000	-4,200,000	-3,900,000	-4,200,000	-4,400,000	-4,500,000
net increase in cash and cash equivalents during the period																			600,000	1,700,000	-100,000		-29,400,000	27,400,000	22,800,000	-1,500,000	6,600,000	3,400,000	-3,300,000					22,400,000	7,100,000	-12,300,000	300,000	-40,300,000	9,300,000	-344,100,000	371,000,000	-23,000,000	-28,000,000	-48,000,000	95,000,000				120,528,000
cash and cash equivalents cash at beginning of period																			0	0	33,000,000		0	0	33,000,000		0	0	27,800,000
equipment acquired through finance leases
note receivable on disposals
acquisitions
cash paid for interest, including premium payment
notes receivable on disposals
cash paid (refunded) for income taxes																									700,000				-1,300,000	1,400,000				-2,400,000
disposal of property and equipment in accounts receivable
income from joint ventures																										0	0	-100,000	-200,000	-300,000	-400,000	-400,000	-500,000	-600,000	-600,000	-100,000	-600,000	-200,000	-700,000
supplemental disclosures of non-cash financing activity:
non-cash settlement of transactions with thc through equity																																		-1,600,000	-400,000			-22,300,000	0
proceeds from exercise of stock options and other																														0	0	100,000	400,000	500,000					0
inventory, prepaid and other assets																														4,000,000	-1,400,000	1,000,000	-1,800,000	4,600,000
debt extinguishment costs																														0
distributions and net transfers to thc
net financing activities with affiliates																																						0	0
effect of foreign exchange rate changes on cash, cash equivalents and restricted cash																														-300,000	600,000	-1,400,000	-500,000
net increase in cash, cash equivalents and restricted cash during the period																																1,000,000	1,500,000
cash, cash equivalents and restricted cash at beginning of period																														0	0	0	41,500,000
cash, cash equivalents and restricted cash at end of period																														9,800,000	-26,000,000	1,000,000	43,000,000
equipment acquired through capital lease																																	100,000	100,000	100,000			0	0
net decrease in cash, cash equivalents and restricted cash during the period
supplemental disclosure of non-cash financing activity:
depreciation of revenue earning equipment																																97,000,000	93,300,000	95,400,000	96,300,000	94,300,000	92,900,000	95,400,000	89,100,000	-525,000,000	691,000,000	643,000,000	680,000,000	678,000,000	689,000,000	597,900,000	652,300,000	623,049,000	571,751,000	537,603,000	566,921,000	496,037,000	467,817,000
loss on sale of revenue earning equipment																																-2,400,000	-5,300,000	-5,200,000	900,000	5,000,000	500,000	3,900,000	2,600,000
revenue earning equipment expenditures																																-218,000,000	-82,500,000	-145,100,000	-195,500,000	-104,600,000	-56,200,000	-142,600,000	-183,200,000	3,484,500,000	-3,627,000,000	-2,648,000,000	-2,019,000,000	-4,553,000,000	-3,438,000,000	-957,400,000	-2,515,500,000	-3,572,520,000	-3,252,980,000	-1,932,221,000
proceeds from disposal of revenue earning equipment																																77,200,000	52,900,000	38,500,000	33,000,000	43,900,000	44,700,000	16,400,000	24,800,000	-2,935,800,000	3,010,000,000	2,835,000,000	1,879,000,000	2,620,000,000	2,289,000,000	1,594,900,000	1,926,400,000	1,504,922,000	2,237,878,000	2,309,722,000	510,301,000	2,061,855,000	2,243,218,000
proceeds from revolving lines of credit																																135,000,000	51,000,000	156,000,000	126,500,000
repayments on revolving lines of credit																																-73,100,000	-131,600,000	-100,500,000	-55,000,000
purchases of revenue earning equipment in accounts payable																																108,800,000	114,900,000	-83,900,000	-70,200,000	113,900,000	63,000,000	-104,000,000	-43,900,000
disposals of revenue earning equipment in accounts receivable
gain on disposal of business
net change in restricted cash and cash equivalents																																		7,100,000	3,200,000	-4,700,000	1,400,000	-14,700,000	9,200,000	4,100,000	-2,000,000	-69,000,000	140,000,000	-10,000,000	154,000,000	-358,300,000	-125,400,000	32,758,000	142,642,000	-192,304,000
purchase of treasury stock
capital contributions from affiliates
payment of financing obligations and debt financing costs
amortization of deferred financing costs																																			1,500,000	1,600,000	1,600,000	1,400,000	1,800,000													11,842,000	13,248,000
taxes receivable and payable																																			8,200,000	4,000,000	-300,000	-4,100,000	5,900,000
principal payments under capital lease obligations																																			-3,800,000	-4,000,000	-3,800,000	-3,700,000	-3,600,000
distribution and net transfers to thc																																							1,300,000
net cash from in financing activities
inventory, prepaid expenses and other assets																																				1,100,000	-3,400,000
net transfers to thc
cash paid for interest, net of amounts capitalized																																				51,500,000	13,400,000	55,500,000	2,400,000
cash paid for income taxes, net of refunds																																				400,000	1,400,000	1,800,000	-3,500,000
sales of revenue earning equipment in accounts receivable																																				-1,100,000	5,500,000
debt issuance costs included in accrued liabilities
inventory provisions																																					700,000
gain on sale of property and equipment																																					-100,000	-300,000	-600,000							-1,300,000	-1,100,000	-483,000	-1,017,000	-6,374,000
proceeds from revolving line of credit																																					173,800,000		27,000,000
repayments on revolving line of credit																																					-105,000,000		-14,000,000
proceeds under revolving line of credit
repayments under revolving line of credit
net settlement on vesting of restricted stock																																																	-10,342,000
distributions and net transfers with thc
purchases of non-rental capital expenditures in accounts payable
conversion of convertible senior notes
amortization of other intangible assets																																							1,300,000							30,600,000	30,200,000	30,201,000	30,499,000	25,197,000	28,133,000	15,384,000	15,382,000
inventories, prepaid expenses and other assets																																							-7,400,000	13,000,000	-17,000,000	-12,000,000	32,000,000	23,000,000	-65,000,000	-5,400,000	36,000,000	-16,491,000	-42,109,000	-24,704,000
property and equipment expenditures																																							-15,800,000							-67,400,000	-78,300,000	-88,040,000	-80,060,000	-83,346,000
purchases of property and equipment in accounts payable																																							1,000,000
deferred taxes on income																																								16,300,000	-11,000,000	-85,000,000	77,000,000	27,000,000	-16,000,000	78,500,000	69,300,000	57,508,000	35,992,000	24,368,000	88,493,000
changes in assets and liabilities
debt issuance costs included in accrued expenses
depreciation and amortization, non-fleet																																									77,000,000	87,000,000	96,000,000	83,000,000	86,000,000
amortization and write-off of deferred financing costs																																									14,000,000	16,000,000	14,000,000	16,000,000	15,000,000	13,500,000	16,000,000	14,375,000	11,925,000	10,688,000
amortization and write-off of debt discount																																									1,000,000	1,000,000	0	-3,000,000	1,000,000	400,000	1,600,000	5,148,000	5,352,000	6,337,000
impairment charges and asset write-downs																																										44,000,000	6,000,000
loss on sale of shares in equity method investment																																									-75,000,000	-77,000,000
accrued liabilities																																									-19,000,000	-52,000,000	71,000,000	-67,000,000	91,000,000	-78,400,000	109,700,000	-28,860,000	22,760,000	-39,140,000	9,288,000
accrued taxes																																									-6,000,000	8,000,000	38,000,000	-43,000,000	20,000,000	-27,900,000	36,700,000	-8,960,000	24,660,000	-63,303,000
public liability and property damage																																									6,000,000	17,000,000	9,000,000			-1,700,000	12,800,000	-4,991,000	-9,809,000	-1,152,000
capital asset expenditures, non-fleet																																									-53,000,000	-77,000,000	-80,000,000	-73,000,000	-97,000,000
proceeds from disposal of property and other equipment																																									22,000,000	46,000,000	22,000,000
sales of shares in equity method investment																																									233,000,000
short-term borrowings:
proceeds																																									151,000,000	80,000,000	160,000,000	208,000,000	175,000,000	124,000,000	140,400,000	203,215,000	128,785,000	70,399,000	-202,012,000	425,000,000	145,000,000
payments																																									-132,000,000	-183,000,000	-176,000,000	-116,000,000	-142,000,000	-306,600,000	-275,000,000	-240,574,000	-195,326,000	-317,453,000
proceeds under the revolving lines of credit																																									1,663,000,000	1,191,000,000	599,000,000	1,981,000,000	3,326,000,000	4,261,300,000	1,570,200,000	3,712,086,000	-31,986,000	-402,823,000
payments under the revolving lines of credit																																									-2,296,000,000	-2,150,000,000	-1,555,000,000	-1,860,000,000	-1,828,000,000	-4,937,000,000	-1,949,600,000
payment of financing costs																																									-10,000,000	-18,000,000	-3,000,000	-7,000,000	-1,000,000	-28,600,000	-5,100,000	-5,198,000	-15,402,000	-35,754,000
supplemental disclosures of cash information:
cash paid during the period for:
interest																																									102,000,000				98,000,000	205,500,000	129,100,000	197,303,000	119,097,000	164,426,000	8,568,000	126,997,000	260,036,000
income taxes, net of refunds																																									16,000,000	3,000,000	12,000,000	15,000,000	4,000,000
supplemental disclosures of non-cash information:
purchases of revenue earning equipment included in accounts payable and accrued liabilities																																									636,000,000	-33,000,000	-330,000,000	-100,000,000	633,000,000	104,900,000	-377,400,000	118,480,000	443,120,000
sales of revenue earning equipment included in receivables																																									471,000,000	499,000,000	416,000,000	-104,000,000	293,000,000	-33,700,000	272,200,000	-111,915,000	230,715,000	112,337,000
purchases of property and other equipment included in accounts payable																																									20,000,000	-27,000,000	-3,000,000
sales of property and other equipment included in receivables																																									13,000,000	-12,000,000	12,000,000
loss on disposal of business																																														2,300,000	300,000
changes in assets and liabilities, net of effects of acquisition:
sales of (investment in) shares in equity method investment																																										136,000,000
purchase of treasury shares																																										-343,000,000				-87,500,000	0	48,000	-467,248,000
interest, net of amounts capitalized																																										179,000,000	102,000,000
consideration for equity method investment
conversion of convertible senior notes included in debt, common stock and additional paid-in capital																																														0
revenue earning equipment and property and equipment acquired through capital lease																																										0
cash flows from operating activities
cash flows from investing activities
cash flows from financing activities
provision for losses on doubtful accounts																																													6,000,000	7,500,000	17,000,000	8,743,000	12,657,000	10,672,000	17,160,000	3,441,000	2,871,000
impairment charges and asset write downs																																													20,000,000
purchases of property and equipment included in accounts payable																																													71,000,000	16,100,000	-19,100,000	-101,000	58,701,000	-18,712,000
sales of property and equipment included in receivables																																													24,000,000	14,100,000	-16,000,000	4,802,000	13,698,000	-37,157,000
depreciation and amortization, non-fleet assets
benefit from receivables allowance
equity method investment
purchase of noncontrolling interest																																																		0
supplemental disclosures of non-cash flow information:
consideration for investment in equity method investee
loss on derivatives																																														5,300,000				3,595,000
loss on revaluation of foreign denominated debt																																																		0
income from equity investments
impairment charges and other																																														0
asset writedowns
gain on revaluation of investment
purchase of short-term investments
payment of long-term debt																																														-673,500,000	-50,600,000	-22,069,000	-298,631,000	-296,033,000
distributions to noncontrolling interest
proceeds from disgorgement of stockholder short-swing profits																																																		0
witholding taxes - restricted stock
income taxes																																														14,500,000	13,400,000	37,297,000	5,703,000	28,637,000	35,191,000	4,629,000	3,204,000
consideration for acquisitions and divestitures																																														0	4,900,000
capital leases included in revenue earning equipment, property and equipment and debt
purchase of noncontrolling interest included in accounts payable
net settlement on vesting of restricted stock units																																															-200,000
capital leases included in property and equipment and debt
gain on derivatives																																																-2,144,000	-1,456,000
net decrease in cash and cash equivalents during the period
amortization and ineffectiveness of cash flow hedges
adjustments to reconcile net income to net cash from operating
activities:
purchases of revenue earning equipment included in accounts payable and
non-cash expenses:
amortization of debt discount																																																				4,995,000	6,181,000
debt modification costs																																																				0	16,177,000
stock-based employee compensation																																																				7,740,000	6,099,000
provision for public liability and property damage																																																				45,224,000	47,042,000
unrealized loss on mark-to-market of euro-denominated debt
unrealized loss on derivatives
gain on ineffectiveness of interest rate swaps
minority interest																																																				4,746,000	4,110,000
vacation accrual adjustment
payments of public liability and property damage claims and expenses
net change in restricted cash																																																				-20,126,000	360,954,000
repayment of long-term debt
repayments
ninety day term or less																																																				340,530,000	13,912,000
proceeds from the sale of common stock
distributions to minority interest
exercise of stock options
proceeds from stockholder short-swing profits
effect of foreign exchange rate changes on cash and equivalents
net decrease in cash and equivalents during the period
cash and equivalents at beginning of period																																																				0	674,549,000
cash and equivalents at end of period																																																				-75,253,000	476,883,000
loss on ineffectiveness of interest rate swaps																																																					12,786,000
available-for-sale securities:
sales																																																					264,000
due from affiliates
net cash from (used in) operating activities
purchase of predecessor company stock
proceeds from sales (purchases) of short-term investments
purchases
changes in investment in joint venture
issuance of an intercompany note
ninety-day term or less
proceeds from the sale of stock
net (decrease) increase in cash and equivalents during the period
non-cash transactions excluded from cash flow presentation:
revaluation of net assets to fair market value, net of tax
non-cash settlement of outstanding balances with ford

Herc Holdings Inc(NYSE:HRI)

Herc Holdings Inc
(NYSE:HRI)