7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2016-03-31 
      
                                        
      operating activities:
                                        
      net income
    43,332,000 47,939,000 43,055,000 89,215,000 -70,475,000 -46,851,000 56,240,000 86,328,000 91,516,000 87,729,000 210,884,000 86,400,000 128,593,000 73,376,000 51,171,000 74,223,000 61,103,000 20,371,000 4,447,000 46,468,000 16,252,000 12,833,000 -3,674,000 10,631,000 762,000 -11,775,000 -11,161,000 -10,387,000 -36,729,000 379,000 -6,835,000      
      adjustments to reconcile net income to net cash from operating activities:
                                        
      depreciation and amortization
    108,058,000 112,632,000 97,092,000 99,078,000 99,320,000 93,746,000 92,828,000 95,727,000 84,802,000 81,796,000 76,329,000 86,136,000 89,321,000 86,230,000 81,820,000 82,666,000 75,056,000 85,625,000 74,855,000 75,523,000 72,508,000 49,153,000 49,764,000 48,724,000 48,235,000 47,604,000 44,873,000 44,880,000 39,646,000 25,637,000 26,304,000      
      benefit from credit losses
    17,823,000 7,418,000 12,338,000 10,120,000 22,121,000 11,389,000 11,807,000 11,571,000 15,886,000 13,390,000 8,803,000 8,817,000 7,153,000 10,264,000 8,601,000 11,530,000 9,751,000 8,394,000 8,516,000                  
      impairment loss on intangible asset
                                      
      gain on sale of rental equipment and other property, plant and equipment
    -6,845,000 -8,641,000 -5,697,000 -7,984,000 -6,580,000 -6,846,000 -5,677,000 -6,468,000 -14,565,000 -8,295,000 -3,396,000 -9,498,000 -7,503,000 -10,963,000 -3,232,000 -848,000 -10,534,000 -6,665,000 -8,128,000 -5,368,000 -4,390,000 -1,386,000 -2,980,000 -3,107,000 -3,194,000 -1,471,000 -3,888,000 -1,684,000 -3,765,000 -2,938,000 -4,491,000      
      amortization of debt discounts and debt issuance costs
    3,037,000 2,944,000 4,030,000 3,379,000 3,276,000 2,969,000 2,947,000 2,930,000 2,780,000 2,758,000 2,743,000 2,269,000 2,820,000 3,486,000 3,489,000 3,479,000 3,472,000 3,517,000 3,565,000 3,538,000 3,648,000 3,003,000 2,896,000 2,718,000 2,965,000 2,915,000 2,852,000 2,851,000 2,279,000 1,264,000 1,258,000      
      stock-based compensation expense
    9,964,000 8,373,000 8,341,000 7,719,000 9,534,000 9,614,000 9,099,000 8,352,000 8,636,000 9,348,000 8,150,000 6,985,000 6,941,000 9,292,000 6,395,000 4,510,000 7,685,000 9,038,000 4,951,000 2,921,000 2,944,000 2,227,000 1,787,000 1,683,000 1,812,000            
      deferred income tax expense
    29,153,000     -31,806,000 8,811,000 23,186,000 27,780,000 26,976,000 63,699,000 44,037,000 25,740,000 18,710,000 12,362,000 8,423,000 3,751,000                    
      unrealized currency losses (gains)
    45,000      46,000        86,000    -64,000                  
      other
    569,000 1,033,000 957,000 1,492,000 1,059,000 1,040,000 1,030,000 101,000 1,136,000 1,089,000 1,087,000 1,105,000 1,060,000 1,002,000 914,000                      
      changes in operating assets and liabilities
                                        
      trade receivables
    -7,756,000 -17,645,000 17,663,000 3,982,000 -25,800,000 -4,602,000 -8,099,000 8,904,000 -36,620,000 -37,687,000 -10,954,000 7,432,000 -41,158,000 -48,673,000 -12,064,000 -11,461,000 -43,268,000 -50,665,000 341,000 -11,449,000 -20,983,000 5,073,000 636,000 737,000 -20,201,000 -17,713,000 -26,471,000 -10,223,000 -14,605,000 -10,887,000 -737,000      
      inventories
    3,173,000 762,000 -232,000 4,869,000 -2,952,000 -2,080,000 -366,000 -2,676,000 1,673,000 -1,923,000 -350,000 1,278,000 -4,330,000 -2,171,000 -7,122,000 -1,772,000 1,224,000 -6,083,000 -2,452,000 1,335,000 920,000 239,000 281,000 585,000 -755,000 2,224,000 -1,185,000 -688,000 -995,000 462,000 -20,000      
      prepaid expenses and other assets
    -7,564,000 2,145,000 7,882,000 451,000 -2,071,000 -12,426,000 1,914,000 -14,538,000 -1,561,000 838,000 -3,049,000 9,595,000 4,461,000 -4,865,000 -9,042,000 206,000                     
      operating lease assets and liabilities
    -657,000 1,000 238,000 -134,000 -3,000 794,000 282,000 338,000 670,000 -308,000 345,000 5,000 -85,000 668,000 268,000 414,000 596,000 -720,000 183,000 205,000 648,000 216,000 -280,000              
      accounts payable and other accrued expenses
    -7,747,000 43,140,000 37,254,000 -37,151,000 -18,842,000 24,307,000 30,414,000 11,682,000 -6,813,000 12,989,000 -32,694,000 -34,122,000 8,809,000 35,995,000 -1,239,000 -18,560,000 15,295,000 43,669,000 -13,096,000                  
      deferred revenue and customer deposits
    6,566,000 -1,190,000 -11,156,000 1,316,000 14,777,000 3,894,000 7,400,000 -5,684,000 15,591,000 13,443,000 -3,427,000 -9,194,000 22,370,000 16,132,000 13,120,000 -2,973,000 10,632,000 10,909,000 4,115,000 2,377,000 3,386,000 2,739,000 3,952,000 -3,825,000 5,765,000 9,493,000 4,206,000 6,055,000 486,000 2,020,000 2,647,000      
      net cash from operating activities
    191,151,000 205,311,000 206,627,000 178,919,000 -1,562,000 175,611,000 208,676,000 219,322,000 190,998,000 202,155,000 148,765,000 200,420,000 210,385,000 188,326,000 145,527,000 147,847,000 130,447,000 139,537,000 122,071,000 129,717,000 61,368,000 75,379,000 38,348,000 73,490,000 39,022,000 44,798,000 15,256,000 21,569,000 -3,220,000 14,018,000 4,782,000  984,479 581,224 345,370 -48,622 
      capex
    -4,244,000 -6,286,000 -4,634,000 -2,316,000 -3,318,000 -6,247,000 -6,554,000 -5,485,000 -5,563,000 -4,453,000 -6,736,000 -13,411,000 -10,000,000 -9,772,000 -10,481,000 -9,662,000 -3,386,000 -10,143,000 -7,307,000 -7,375,000 -5,893,000 -1,668,000 -1,518,000 -1,740,000 -2,701,000 -2,270,000 -1,629,000 -1,531,000 -1,475,000 -616,000 -1,000,000  
      free cash flows
    186,907,000 199,025,000 201,993,000 176,603,000 -4,880,000 169,364,000 202,122,000 213,837,000 185,435,000 197,702,000 142,029,000 187,009,000 200,385,000 178,554,000 135,046,000 138,185,000 127,061,000 129,394,000 114,764,000 122,342,000 55,475,000 73,711,000 36,830,000 71,750,000 36,321,000 42,528,000 13,627,000 20,038,000 -4,695,000 13,402,000 3,782,000  984,479 581,224 345,370 -48,622 
      investing activities:
                                        
      acquisitions, net of cash acquired
    -7,572,000 -133,755,000 -3,060,000 -36,759,000 -13,887,000 -27,176,000 -43,399,000 -79,439,000 -332,769,000 -70,918,000 -78,503,000 -11,957,000 -104,736,000                        
      purchase of rental equipment and refurbishments
    -81,018,000 -85,269,000 -72,552,000 -73,868,000 -69,398,000 -65,174,000 -72,417,000 -60,879,000 -63,388,000 -55,581,000 -47,128,000 -82,673,000 -135,076,000 -130,153,000 -95,236,000 -100,307,000 -60,374,000 -65,282,000 -52,535,000 -50,110,000 -42,591,000 -40,034,000 -39,648,000 -44,229,000 -47,789,000 -61,215,000 -51,873,000 -49,378,000 -46,742,000        
      proceeds from sale of rental equipment
    15,713,000 16,269,000 14,063,000 20,091,000 13,238,000 16,473,000 14,195,000 13,316,000 12,720,000 17,473,000 7,781,000 18,440,000 17,183,000 20,526,000 14,554,000 13,176,000 11,597,000 15,235,000 15,202,000 13,668,000 13,179,000 5,316,000 6,786,000 10,597,000 8,421,000 11,482,000 11,601,000 9,168,000 9,560,000 3,905,000 8,128,000      
      purchase of property, plant and equipment
    -4,244,000 -6,286,000 -4,634,000 -2,316,000 -3,318,000 -6,247,000 -6,554,000 -5,485,000 -5,563,000 -4,453,000 -6,736,000 -13,411,000 -10,000,000 -9,772,000 -10,481,000 -9,662,000 -3,386,000 -10,143,000 -7,307,000 -7,375,000 -5,893,000 -1,668,000 -1,518,000 -1,740,000 -2,701,000 -2,270,000 -1,629,000 -1,531,000 -1,475,000 -616,000 -1,000,000      
      proceeds from sale of property, plant and equipment
    610,000 302,000 1,291,000 734,000 918,000        894,000 491,000 260,000                      
      purchases of investments
    -546,000                                    
      maturities of marketable securities
    490,000                                    
      net cash from investing activities
    -76,567,000 -208,144,000 -64,955,000 -93,680,000 -75,339,000 -82,362,000 -110,967,000 -132,481,000 -375,999,000 -113,472,000 271,949,000 -83,403,000 87,808,000 -165,378,000 -148,360,000 -187,457,000 -108,198,000 -57,481,000 -30,911,000 -42,287,000 -16,150,000 -36,383,000 -30,540,000 -29,808,000 -37,761,000 -43,199,000 -41,814,000 -40,734,000 -1,098,797,000 -29,232,000 -48,439,000  1,834,523 -796,023 -526,144 -230,730 
      financing activities:
                                        
      receipts from borrowings
    117,449,000 244,874,000 615,433,000 215,672,000 319,249,000 658,650,000 123,585,000 259,630,000 1,023,062,000 264,738,000 363,800,000 201,131,000 308,855,000 301,822,000 152,500,000 177,614,000 163,405,000 225,658,000 162,000,000 51,000,000 2,031,500,000 668,500,000 35,793,000 63,023,000 28,004,000 421,939,000 39,264,000 28,028,000 1,122,809,000 24,502,000 37,290,000      
      repayment of borrowings
    -201,803,000 -178,311,000 -702,579,000 -149,139,000 -176,765,000 -670,103,000 -199,925,000 -197,347,000 -603,153,000 -116,419,000 -558,300,000 -78,131,000 -383,070,000 -68,607,000 -59,000,000 -88,590,000 -76,366,000 -181,113,000 -166,112,000 -93,328,000 -2,622,760,000 -47,000,000 -45,282,000 -107,524,000 -30,963,000 -421,998,000 -8,201,000 -7,557,000 -131,767,000        
      payment of financing costs
    -663,000 -6,665,000 -1,013,000 -1,712,000   -80,000    -57,000 -109,000       -923,000 -63,327,000   63,000 -2,603,000 -83,000 -1,809,000         
      payments on finance lease obligations
    -6,509,000 -5,489,000 -5,742,000 -4,614,000 -5,246,000                                
      receipts from issuance of common stock from the exercise of options
    7,808,000 2,232,000 132,000 52,000 69,000 45,000 41,000 344,000 68,000 415,000 7,363,000 139,000 3,313,000 169,000 1,517,000 384,000 5,414,000                  
      repurchase and cancellation of common stock
    -9,274,000 -51,217,000 -22,008,000 -140,093,000 -51,669,000                                
      taxes paid on employee stock awards
    -26,000 -265,000 -7,718,000 -1,429,000 -14,524,000 -4,113,000 -10,058,000 -518,000 -1,075,000 -12,295,000 -43,000 -3,915,000 -3,219,000                  
      dividends paid
    -12,736,000 -12,750,000 -12,882,000                                  
      net cash from financing activities
    -112,899,000 3,987,000 -139,929,000 -86,885,000 82,428,000 -100,040,000 -95,622,000 -81,853,000 183,175,000 -97,170,000 -423,087,000 -115,645,000 -292,921,000 -22,388,000 1,586,000 41,048,000 -26,022,000 -93,693,000 -89,220,000 -83,346,000 -690,305,000 620,275,000 -5,582,000 -44,690,000 -2,724,000 -8,943,000 30,294,000 18,631,000 1,103,443,000 20,703,000 37,260,000  -2,828,166    
      effect of exchange rate changes on cash and cash equivalents
    222,000 1,017,000 -65,000 -399,000 -405,000 -432,000 102,000 181,000 -45,000 229,000 517,000 960,000 -1,536,000 -175,000 -131,000 -56,000 -312,000 105,000 57,000 856,000 936,000 235,000 -629,000 102,000 -76,000 55,000 85,000 -279,000 164,000 -169,000 73,000      
      net change in cash and cash equivalents
    1,907,000 2,171,000 1,678,000 -2,045,000 5,122,000 -7,223,000 2,189,000 5,169,000 -1,871,000 -8,258,000 -1,856,000 2,332,000 3,736,000 385,000 -1,378,000 1,382,000 -4,085,000 -11,532,000 1,997,000 4,940,000   1,597,000 -906,000 -1,539,000 -7,289,000 3,821,000  1,590,000 5,320,000 -6,324,000      
      cash and cash equivalents at the beginning of the period
    9,001,000 10,958,000 17,774,000 12,699,000 24,937,000    3,045,000 8,958,000  9,185,000      
      cash and cash equivalents at the end of the period
    1,907,000 2,171,000 10,679,000 -2,045,000 5,122,000 -7,223,000 13,147,000 5,169,000 -1,871,000 -8,258,000 15,918,000 2,332,000 3,736,000 385,000 11,321,000 1,382,000 -4,085,000 -11,532,000 26,934,000    4,642,000 -906,000 -1,539,000 -7,289,000 12,779,000  1,590,000 5,320,000 2,861,000      
      supplemental cash flow information:
                                        
      interest paid
    35,862,000 59,381,000 44,308,000  32,178,000 66,345,000 43,179,000 49,562,000 49,178,000 46,553,000 39,570,000      20,332,000 26,016,000 20,089,000 28,182,000 34,500,000 18,674,000 27,384,000 20,674,000 29,885,000 31,031,000 33,992,000  6,717,000 17,774,000 4,230,000      
      income taxes paid
    3,717,000 6,270,000 4,542,000  6,631,000 35,110,000 952,000 10,185,000 7,709,000 9,402,000 5,653,000 7,494,000 6,990,000 8,002,000 2,606,000  1,741,000 3,795,000 588,000      192,000            
      capital expenditures accrued or payable
    341,000 -1,395,000 17,430,000  -2,369,000 -149,000 15,844,000 3,942,000 -3,125,000 954,000 17,786,000 -19,333,000 436,000 11,516,000 28,433,000 -8,152,000 16,720,000 -6,876,000 25,975,000 -626,000 5,437,000 -3,603,000 22,345,000 -2,498,000 2,096,000 1,201,000 23,147,000  650,000 4,010,000 12,818,000      
      deferred income tax (benefit) expense
      -5,343,000 2,466,000                                 
      unrealized currency gains
      205,000 101,000 -132,000                                
      purchase of investments
      -63,000 -1,562,000 -2,892,000 -453,000 -2,792,000                              
      accrued common stock repurchases
      10,000,000                                  
      gain on sale of discontinued operations
           -176,078,000 -1,407,000                         
      loss on settlement of foreign currency forward contract
                                       
      proceeds from sale of discontinued operations
           403,992,000                          
      payment for settlement of foreign currency forward contract
           -7,715,000                          
      excise tax paid on repurchase of common stock
                                        
      changes in operating assets and liabilities:
                                        
      proceeds from the sale of property, plant and equipment
           6,000 13,001,000 7,000 258,000     264,000 209,000 2,709,000 13,729,000 1,530,000 1,982,000 3,000 3,840,000 5,564,000 4,308,000 8,804,000 87,000 7,000 158,000 523,000      
      principal payments on finance lease obligations
          -4,827,000 -4,085,000 -4,416,000 -4,634,000 -3,499,000 -2,892,000 -28,983,000 -5,129,000 -5,224,000 -5,078,000 -4,400,000 -4,186,000 -3,735,000                  
      fair value loss on common stock warrant liabilities
                                        
      loss on extinguishment of debt
                   2,814,000 3,185,000    1,511,000            
      unrealized currency (gains) losses
                        -198,000 204,000 891,000 -318,000 197,000 -332,000 -292,000          
      changes in operating assets and liabilities, net of effect of businesses acquired:
                                        
      repurchase and cancellation of common stock and warrants
           -140,016,000 -221,869,000 -241,199,000 -215,098,000 -236,111,000 -196,459,000 -241,517,000 -77,708,000 -43,024,000 -106,263,000 -132,681,000 -81,618,000                  
      payment of debt extinguishment premium costs
                   -1,755,000 -1,950,000                 
      reconciliation of cash and cash equivalents to the consolidated balance sheet:
                                        
      cash and cash equivalents of continuing operations
                                        
      cash and cash equivalents included in assets held for sale
                                        
      total cash and cash equivalents shown in the consolidated statement of cash flows
                                        
      unrealized currency losses
            87,000 12,000 -1,042,000 582,000                1,209,000 -605,000        
      loss on foreign currency forward contract
             7,715,000                          
      assets acquired under capital leases
             15,472,000 8,907,000                          
      impairment losses on right of use assets
                                        
      fair value gain on common stock warrant liabilities
                   -610,000 27,207,000                  
      payment of common stock issuance costs
                                       
      proceeds from sale of discontinued operation
                                        
      interest paid 1
                28,251,000 37,783,000 22,197,000                      
      acquisition
                  -57,457,000                      
      impairment losses on long-lived assets
                           -2,228,000            
      accrued interest
                   -2,251,000 2,352,000 -3,278,000 3,394,000 -4,220,000 -8,410,000 4,293,000 -3,540,000 2,634,000 -2,759,000 1,476,000 -5,568,000          
      income taxes paid (refunded)
                          4,000              
      1 includes 11,992, 9,779 and 3,143 of payments related to the interest rate swap for the years ended december 31, 2021, 2020 and 2019, respectively.
                                        
      acquisition of businesses, net of cash acquired
                                        
      prepaid and other assets
                     7,009,000 2,995,000 -6,762,000 8,835,000 -919,000 -5,701,000 9,971,000 -1,014,000 -672,000 -48,000 8,243,000 455,000 -1,122,000 840,000      
      deferred income tax benefit
                      8,057,000 12,169,000 -67,932,000 -76,000 684,000 -168,000 -1,266,000 -1,568,000 378,000 -25,852,000 -7,274,000 -6,646,000 -420,000      
      accounts payable and other accrued liabilities
                       3,044,000 -1,323,000 -8,007,000 -9,760,000 -2,459,000 2,955,000 -685,000 5,054,000 -2,493,000 -128,000 10,978,000 -22,819,000      
      acquisition of a businesses, net of cash acquired
                                        
      receipts from issuance of common stock from the exercise of options and warrants
                                        
      repurchase and cancellation of warrants
                                        
      cash and cash equivalents at the beginning of the year
                                        
      cash and cash equivalents at the end of the year
                                        
      non-cash deemed dividend related to warrant exchange
                                        
      non-cash acquisition of a business
                                        
      benefit from doubtful accounts
                        13,062,000 5,730,000 3,392,000 2,679,000 5,520,000 3,371,000 2,926,000 2,220,000 3,154,000 649,000 1,633,000      
      impairment losses
                                        
      cash acquired from mobile mini acquisition
                                        
      receipts from issuance of common stock
                        3,114,000 4,580,000 727,000    1,000         
      other financing activities
                                       
      impairment on right of use assets
                                        
      net change in cash, cash equivalents, and restricted cash
                                        
      cash, cash equivalents, and restricted cash at the beginning of the period
                                        
      cash, cash equivalents, and restricted cash at the end of the period
                                        
      income taxes (refunded) paid
                              -748,000          
      principal payments on capital lease obligations
                           -16,000 -22,000 -29,000 -32,000 -32,000 -29,000 -29,000 -30,000      
      withholding taxes paid on behalf of employees on net settled stock-based awards
                          -673,000 -654,000          
      impairment losses on goodwill and intangibles
                                        
      interest receivable capitalized into notes due from affiliates
                                        
      accrued interest receivable
                                        
      acquisition of businesses
                                        
      lending on notes due from affiliates
                                        
      repayments on notes due from affiliates
                                        
      receipts on borrowings from notes due to affiliates
                                        
      repayment of notes due to affiliates
                                        
      contribution from algeco group
                                        
      non-cash settlements of notes due to/from affiliates and accrued interest
                                        
      acquisition of a business - modspace
                                        
      acquisition of a business - tyson
                                        
      payment of make-whole premium on unsecured notes redemption
                                       
      acquisition of a business
                                 -24,006,000      
      adjustments for non-cash items:
                                        
      impairment losses on property, plant and equipment
                              2,290,000          
      share based compensation expense
                              1,290,000 1,214,000 1,050,000 1,054,000 121,000      
      acquisition of business
                                        
      change in fair value of contingent consideration
                                        
      accrued interest payable
                               4,624,000 13,811,000 -6,921,000 6,012,000      
      income taxes paid, net of refunds received
                                1,339,000 220,000 780,000      
      foreign currency adjustments
                                  1,289,000      
      purchase of rental equipment
                                  -32,084,000      
      restructuring impairment costs
                                        
      net cash from operating activities:
                                        
      net cash from investing activities:
                                        
      recapitalization transaction
                                        
      net cash from financing activities:
                                        
      net non-cash settlements of notes due to and from affiliates and related accrued interest
                                        
      cash flows from operating activities:
                                        
      net income attributable to ordinary shares
                                    116,321 -75,467 194,728 -46,744 
      increase in prepaid expenses
                                        
      increase in accounts payable
                                    872,046    
      cash flows from investing activities:
                                        
      trust income reinvested in trust account
                                        
      withdrawal from trust account upon redemptions
                                        
      cash flows from financing activities:
                                        
      advances from sponsor
                                    150,000    
      redemption of ordinary shares
                                        
      decrease in cash during period
                                    -9,164 15,201 -180,774 -279,352 
      cash at beginning of period
                                    188,063 1,007,861 
      cash at end of period
                                    -9,164 15,201 7,289 728,509 
      1.
                                        
      decrease in prepaid expenses
                                     25,798 25,799  
      trust income retained in trust account
                                        
      6
                                        
      adjustments to reconcile net income to net cash from operations
                                        
      increase in accounts payable and accrued expenses
                                      124,843  
      trust income reinvested in trust
                                      -526,144 -230,730 
      cash flow from operating activities:
                                        
      accounts payable and accrued expenses
                                        
      cash deposited in trust account
                                        
      proceeds from sale of public offering units
                                        
      proceeds from sale of private placement warrants
                                        
      payment of underwriting discounts
                                        
      increase in cash during period
                                        
      supplemental disclosure of non-cash financing activities:
                                        
      deferred underwriters’ commission
                                        
      accrued offering costs
                                        
      formation and offering costs paid by sponsor in exchange for founder shares
                                        
      46
                                        
      decreases in accounts payable
                                       -1,878 
      4
                                        
      formation expenses paid by sponsor
                                        
      net increase in cash
                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.