WillScot Mobile Mini Holdings Corp(NASDAQ:WSC)

WillScot Mobile Mini Holdings Corp. provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases various office space and storage solutions for temporary applications across a customer base in the commercial and industrial, co...
Website: http://www.willscot.com
Founded: 2015
Full Time Employees: 2,500
Sector: Industrials
Industry: Rental & Leasing Services
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At a glance:
Bull Thesis:
Bear Thesis:
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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 | 2019-08-02 | 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 |
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revenues: | ||||||||||||||||||||||||||||||||||||||||||||
leasing and services revenue: | ||||||||||||||||||||||||||||||||||||||||||||
leasing | 425,522,000 | 437,493,000 | 434,224,000 | 442,916,000 | 434,390,000 | 465,104,000 | 455,578,000 | 458,592,000 | 460,601,000 | 477,895,000 | 466,769,000 | 449,320,000 | 439,951,000 | 395,484,000 | 447,535,000 | 428,620,000 | 393,192,000 | 389,886,000 | 363,396,000 | 343,179,000 | 315,662,000 | 322,870,000 | 300,082,000 | |||||||||||||||||||||
delivery and installation | 99,522,000 | 93,257,000 | 98,517,000 | 108,452,000 | 88,661,000 | 95,607,000 | 114,765,000 | 108,147,000 | 100,362,000 | 102,197,000 | 115,598,000 | 112,754,000 | 106,630,000 | 88,125,000 | 132,837,000 | 125,403,000 | 100,331,000 | 99,799,000 | 99,699,000 | 91,680,000 | 83,504,000 | 86,752,000 | 84,694,000 | |||||||||||||||||||||
sales revenue: | ||||||||||||||||||||||||||||||||||||||||||||
new units | 8,994,000 | 15,514,000 | 18,370,000 | 21,620,000 | 22,437,000 | 21,772,000 | 17,850,000 | 21,378,000 | 13,499,000 | 18,313,000 | 10,155,000 | 9,004,000 | 10,657,000 | 14,106,000 | 9,901,000 | 11,094,000 | 6,597,000 | 15,059,000 | 15,860,000 | 11,008,000 | 10,955,000 | 14,357,000 | 19,360,000 | 9,763,000 | 9,613,000 | 21,021,000 | 11,536,000 | 11,624,000 | 11,624,000 | 14,904,000 | 20,019,000 | 20,920,000 | 5,236,000 | 7,428,000 | ||||||||||
rental units | 14,590,000 | 19,707,000 | 15,730,000 | 16,095,000 | 14,063,000 | 20,032,000 | 13,239,000 | 16,473,000 | 12,719,000 | 13,971,000 | 12,312,000 | 11,011,000 | 8,230,000 | 12,569,000 | 13,900,000 | 16,525,000 | 8,774,000 | 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 | 7,627,000 | 10,513,000 | 10,513,000 | 11,601,000 | 9,204,000 | 9,567,000 | 2,435,000 | 3,811,000 | ||||||||||
total revenues | 548,628,000 | 565,971,000 | 566,841,000 | 589,083,000 | 559,551,000 | 602,515,000 | 601,432,000 | 604,590,000 | 587,181,000 | 612,376,000 | 604,834,000 | 582,089,000 | 565,468,000 | 510,284,000 | 604,173,000 | 581,642,000 | 508,894,000 | 517,920,000 | 490,552,000 | 461,102,000 | 425,323,000 | 437,647,000 | 417,315,000 | 256,862,000 | 255,821,000 | 270,192,000 | 272,340,000 | 266,125,000 | 266,125,000 | 255,008,000 | 257,404,000 | 218,924,000 | 140,333,000 | 134,751,000 | ||||||||||
yoy | -1.95% | -6.07% | -5.75% | -2.56% | -4.71% | -1.61% | -0.56% | 3.87% | 3.84% | 20.01% | 0.11% | 0.08% | 11.12% | -1.47% | 23.16% | 26.14% | 19.65% | 18.34% | 17.55% | 79.51% | 66.26% | 61.98% | 53.23% | -3.48% | -3.87% | 5.95% | 5.80% | 21.56% | 89.64% | 89.24% | ||||||||||||||
qoq | -3.06% | -0.15% | -3.78% | 5.28% | -7.13% | 0.18% | -0.52% | 2.96% | -4.11% | 1.25% | 3.91% | 2.94% | 10.81% | -15.54% | 3.87% | 14.30% | -1.74% | 5.58% | 6.39% | 8.41% | -2.82% | 4.87% | 62.47% | 0.41% | -5.32% | -0.79% | 2.34% | 0.00% | 4.36% | -0.93% | 17.58% | 56.00% | 4.14% | |||||||||||
costs: | ||||||||||||||||||||||||||||||||||||||||||||
costs of leasing and services: | ||||||||||||||||||||||||||||||||||||||||||||
costs of sales: | ||||||||||||||||||||||||||||||||||||||||||||
depreciation of rental equipment | 68,762,000 | 87,940,000 | 83,634,000 | 88,444,000 | 73,952,000 | 75,412,000 | 76,212,000 | 75,611,000 | 74,908,000 | 75,177,000 | 66,950,000 | 64,450,000 | 59,156,000 | 64,491,000 | 69,159,000 | 67,176,000 | 62,216,000 | 62,484,000 | 56,462,000 | 62,893,000 | 55,698,000 | 54,302,000 | 54,837,000 | 45,494,000 | 45,948,000 | 45,739,000 | 43,869,000 | 43,968,000 | 43,968,000 | 41,103,000 | 38,587,000 | 35,534,000 | 23,470,000 | 23,845,000 | ||||||||||
gross profit | 285,675,000 | 285,532,000 | 281,618,000 | 296,070,000 | 300,366,000 | 336,349,000 | 321,484,000 | 327,118,000 | 316,888,000 | 343,176,000 | 339,694,000 | 327,872,000 | 323,128,000 | 276,867,000 | 314,332,000 | 308,873,000 | 266,815,000 | 278,469,000 | 253,549,000 | 222,810,000 | 213,380,000 | 234,255,000 | 209,564,000 | 109,964,000 | 106,190,000 | 101,337,000 | 103,426,000 | 103,896,000 | 103,896,000 | 104,654,000 | 102,877,000 | 80,946,000 | 54,640,000 | 50,921,000 | ||||||||||
yoy | -4.89% | -15.11% | -12.40% | -9.49% | -5.21% | -1.99% | -5.36% | -0.23% | -1.93% | 23.95% | 8.07% | 6.15% | 21.11% | -0.58% | 23.97% | 38.63% | 25.04% | 18.87% | 20.99% | 102.62% | 100.94% | 131.16% | 102.62% | 5.84% | 2.21% | -3.17% | 0.53% | 28.35% | 90.15% | 105.52% | ||||||||||||||
qoq | 0.05% | 1.39% | -4.88% | -1.43% | -10.70% | 4.62% | -1.72% | 3.23% | -7.66% | 1.03% | 3.61% | 1.47% | 16.71% | -11.92% | 1.77% | 15.76% | -4.19% | 9.83% | 13.80% | 4.42% | -8.91% | 11.78% | 90.58% | 3.55% | 4.79% | -2.02% | -0.45% | 0.00% | -0.72% | 1.73% | 27.09% | 48.14% | 7.30% | |||||||||||
gross margin % | 52.07% | 50.45% | 49.68% | 50.26% | 53.68% | 55.82% | 53.45% | 54.11% | 53.97% | 56.04% | 56.16% | 56.33% | 57.14% | 54.26% | 52.03% | 53.10% | 52.43% | 53.77% | 51.69% | 48.32% | 50.17% | 53.53% | 50.22% | 42.81% | 41.51% | 37.51% | 37.98% | 39.04% | 39.04% | 41.04% | 39.97% | 36.97% | 38.94% | 37.79% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 154,008,000 | 141,894,000 | 137,699,000 | 145,023,000 | 157,146,000 | 137,662,000 | 150,865,000 | 174,610,000 | 167,568,000 | 146,405,000 | 151,983,000 | 146,810,000 | 150,892,000 | 121,895,000 | 145,444,000 | 162,164,000 | 150,210,000 | 139,150,000 | 133,424,000 | 122,387,000 | 116,485,000 | 119,357,000 | 112,079,000 | 65,272,000 | 74,968,000 | 57,737,000 | 68,159,000 | 71,623,000 | 71,623,000 | 73,485,000 | 90,026,000 | 71,897,000 | 47,734,000 | 45,214,000 | ||||||||||
other depreciation and amortization | 23,669,000 | 24,299,000 | 24,424,000 | 24,188,000 | 23,140,000 | 23,666,000 | 23,108,000 | 18,135,000 | 17,920,000 | 20,550,000 | 17,852,000 | 17,346,000 | 17,173,000 | 11,485,000 | 17,066,000 | 19,054,000 | 19,604,000 | 19,270,000 | 18,814,000 | 21,622,000 | 18,324,000 | 20,425,000 | 16,867,000 | 2,883,000 | 3,074,000 | 2,517,000 | 3,707,000 | 3,167,000 | 3,167,000 | 3,004,000 | 5,578,000 | 3,720,000 | 1,570,000 | 2,436,000 | ||||||||||
restructuring costs | 11,250,000 | 19,000 | 2,334,000 | 6,206,000 | -86,000 | -90,000 | 1,856,000 | 6,960,000 | 3,142,000 | 1,984,000 | 3,854,000 | 749,000 | -60,000 | -5,328,000 | 1,980,000 | 1,150,000 | 1,150,000 | 5,953,000 | 8,254,000 | 6,137,000 | 449,000 | 628,000 | ||||||||||||||||||||||
other expense | 85,000 | 879,000 | 589,000 | 38,000 | 423,000 | 763,000 | 380,000 | 924,000 | 631,000 | 969,000 | -2,526,000 | -3,784,000 | 1,573,000 | 1,476,000 | 719,000 | -1,988,000 | 276,000 | 439,000 | -594,000 | -1,574,000 | -2,845,000 | |||||||||||||||||||||||
operating income | 96,663,000 | -183,686,000 | 118,806,000 | 126,900,000 | 119,434,000 | 174,419,000 | -35,218,000 | -5,232,000 | 129,946,000 | 177,173,000 | 178,099,000 | 166,540,000 | 151,647,000 | 141,854,000 | 154,112,000 | 131,661,000 | 97,909,000 | 117,426,000 | 96,948,000 | 70,615,000 | 75,284,000 | 91,263,000 | 25,012,000 | 41,067,000 | 25,373,000 | 39,124,000 | 30,399,000 | 26,813,000 | 26,813,000 | 21,189,000 | -4,303,000 | 211,000 | 5,889,000 | 4,464,000 | ||||||||||
yoy | -19.07% | -205.31% | -437.34% | -2525.46% | -8.09% | -1.55% | -119.77% | -103.14% | -14.31% | 24.90% | 15.56% | 26.49% | 54.89% | 20.80% | 58.96% | 86.45% | 30.05% | 28.67% | 287.61% | 71.95% | 196.71% | 133.27% | -17.72% | 53.16% | -5.37% | 84.64% | -806.46% | 12607.58% | 355.31% | 374.66% | ||||||||||||||
qoq | -152.62% | -254.61% | -6.38% | 6.25% | -31.52% | -595.26% | 573.13% | -104.03% | -26.66% | -0.52% | 6.94% | 9.82% | 6.90% | -7.95% | 17.05% | 34.47% | -16.62% | 21.12% | 37.29% | -6.20% | -17.51% | 264.88% | -39.09% | 61.85% | -35.15% | 28.70% | 13.37% | 0.00% | 26.54% | -592.42% | -2139.34% | -96.42% | 31.92% | |||||||||||
operating margin % | 17.62% | -32.46% | 20.96% | 21.54% | 21.34% | 28.95% | -5.86% | -0.87% | 22.13% | 28.93% | 29.45% | 28.61% | 26.82% | 27.80% | 25.51% | 22.64% | 19.24% | 22.67% | 19.76% | 15.31% | 17.70% | 20.85% | 5.99% | 15.99% | 9.92% | 14.48% | 11.16% | 10.08% | 10.08% | 8.31% | -1.67% | 0.10% | 4.20% | 3.31% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
interest expense | 53,607,000 | 55,599,000 | 58,466,000 | 58,977,000 | 58,469,000 | 59,352,000 | 55,823,000 | 55,548,000 | 56,588,000 | 59,125,000 | 53,803,000 | 47,246,000 | 44,866,000 | 43,916,000 | 38,165,000 | 33,574,000 | 30,990,000 | 29,610,000 | 29,201,000 | 29,212,000 | 29,964,000 | 30,076,000 | 33,034,000 | 28,519,000 | 28,257,000 | 27,151,000 | 30,857,000 | 32,524,000 | 32,524,000 | 31,972,000 | 31,112,000 | 43,447,000 | 12,155,000 | 11,719,000 | ||||||||||
income before income tax | 43,056,000 | 47,307,000 | 60,340,000 | 67,923,000 | 60,965,000 | 98,087,000 | 66,919,000 | 87,816,000 | 67,747,000 | 39,199,000 | 14,928,000 | |||||||||||||||||||||||||||||||||
income tax expense | 14,933,000 | 13,725,500 | 17,008,000 | 19,984,000 | 17,910,000 | 24,711,000 | 15,748,000 | 13,593,000 | 6,644,000 | 18,828,000 | 10,481,000 | -285,000 | 790,000 | 378,000 | ||||||||||||||||||||||||||||||
net income | 28,123,000 | -187,316,000 | 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 | -11,775,000 | -11,161,000 | -10,387,000 | -36,729,000 | 379,000 | -6,835,000 | ||||||||||
yoy | -34.68% | -309.96% | -161.49% | -202.32% | -23.44% | 3.34% | -177.01% | -153.40% | -73.33% | -0.08% | -28.83% | 19.56% | 312.12% | 16.41% | 110.45% | 260.20% | 1050.69% | 59.73% | 275.97% | 58.74% | -221.04% | 337.10% | 2032.81% | -208.99% | -68.80% | -195.25% | -107.34% | -67.94% | -3206.86% | 63.29% | ||||||||||||||
qoq | -115.01% | -532.28% | -9.61% | 11.34% | -51.74% | -226.59% | 50.42% | -183.31% | -34.85% | -5.67% | 4.32% | -58.40% | 144.08% | -32.81% | 75.25% | 43.39% | -31.06% | 21.47% | 199.95% | 358.08% | -90.43% | 185.92% | 26.64% | -449.29% | -134.56% | 1295.14% | -106.47% | 0.00% | 5.50% | 7.45% | -71.72% | -9791.03% | -105.54% | |||||||||||
net income margin % | 5.13% | -33.10% | 7.64% | 8.14% | 7.69% | 14.81% | -11.72% | -7.75% | 9.58% | 14.10% | 15.13% | 15.07% | 37.29% | 16.93% | 21.28% | 12.62% | 10.06% | 14.33% | 12.46% | 4.42% | 1.05% | 10.62% | 3.89% | 5.00% | -1.44% | 3.93% | 0.28% | -4.42% | -4.42% | -4.38% | -4.04% | -16.78% | 0.27% | -5.07% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 180,987,459 | 182,394,306 | 182,003,961 | 182,468,243 | 183,680,565 | 188,101,693 | 188,281,346 | 189,680,091 | 190,137,533 | 198,554,885 | 196,198,638 | 200,946,619 | 206,092,169 | 216,808,577 | 223,376,276 | 223,490,912 | 226,518,931 | 225,998,202 | 228,406,812 | 228,293,197 | 169,230,177 | 226,649,993 | 110,692,426 | 108,693,924 | 108,693,924 | 78,432,274 | 14,579,697 | 14,777,937 | 14,797,111 | 14,848,938 | ||||||||||||||
diluted | 181,463,605 | 182,394,306 | 182,772,186 | 183,439,165 | 185,301,787 | 190,292,256 | 188,281,346 | 189,680,091 | 193,065,392 | 201,849,836 | 199,258,304 | 204,326,162 | 209,663,985 | 221,399,162 | 227,484,012 | 228,955,504 | 232,793,902 | 231,868,397 | 236,536,713 | 234,720,295 | 173,650,251 | 231,216,573 | 111,432,963 | 108,693,924 | 108,693,924 | 82,180,086 | 62,204,329 | 14,777,937 | 62,500,000 | 62,500,000 | 62,500,000 | |||||||||||||
termination fee | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment loss on intangible asset | 132,540,000 | |||||||||||||||||||||||||||||||||||||||||||
currency losses | -34,000 | 100,000 | -79,000 | 223,000 | 687,000 | -129,000 | -42,000 | 77,000 | -131,000 | 96,000 | 14,000 | 6,775,000 | 639,000 | 236,000 | -127,000 | 138,000 | 352,000 | 127,000 | 33,000 | 36,000 | -502,000 | -371,000 | -380,000 | 898,000 | -252,000 | 234,000 | -354,000 | -316,000 | 1,283,000 | -425,000 | 572,000 | 1,024,000 | ||||||||||||
weighted-average shares: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 180,987,459 | 182,394,306 | 182,003,961 | 182,468,243 | 183,680,565 | 188,101,693 | 188,281,346 | 189,680,091 | 190,137,533 | 198,554,885 | 196,198,638 | 200,946,619 | 206,092,169 | 216,808,577 | 223,376,276 | 223,490,912 | 226,518,931 | 225,998,202 | 228,406,812 | 228,293,197 | 169,230,177 | 226,649,993 | 110,692,426 | 108,693,924 | 108,693,924 | 78,432,274 | 14,579,697 | 14,777,937 | 14,797,111 | 14,848,938 | ||||||||||||||
diluted | 181,463,605 | 182,394,306 | 182,772,186 | 183,439,165 | 185,301,787 | 190,292,256 | 188,281,346 | 189,680,091 | 193,065,392 | 201,849,836 | 199,258,304 | 204,326,162 | 209,663,985 | 221,399,162 | 227,484,012 | 228,955,504 | 232,793,902 | 231,868,397 | 236,536,713 | 234,720,295 | 173,650,251 | 231,216,573 | 111,432,963 | 108,693,924 | 108,693,924 | 82,180,086 | 62,204,329 | 14,777,937 | 62,500,000 | 62,500,000 | 62,500,000 | |||||||||||||
lease impairment expense and other related charges | 216,750 | 144,000 | -23,000 | 746,000 | -9,000 | 263,000 | 560,000 | 601,000 | 474,000 | 1,253,000 | 877,000 | 944,000 | 1,394,000 | 1,661,000 | ||||||||||||||||||||||||||||||
income from continuing operations before income tax | 115,067,000 | -91,041,000 | -60,780,000 | 73,358,000 | 118,048,000 | 124,296,000 | 119,294,000 | 106,781,000 | 97,938,000 | 115,947,000 | ||||||||||||||||||||||||||||||||||
income tax expense from continuing operations | 25,852,000 | -20,566,000 | -13,929,000 | 17,118,000 | 31,720,000 | 32,780,000 | 31,565,000 | 30,510,000 | 21,696,000 | 30,219,000 | ||||||||||||||||||||||||||||||||||
income from continuing operations | 89,215,000 | -70,475,000 | -46,851,000 | 56,240,000 | 86,328,000 | 91,516,000 | 87,729,000 | 76,271,000 | 76,242,000 | 85,728,000 | 379,000 | |||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations before income tax | 4,003,000 | 38,980,000 | 10,802,000 | |||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations | 176,078,000 | 1,407,000 | 34,049,000 | |||||||||||||||||||||||||||||||||||||||||
income tax expense from discontinued operations | 45,468,000 | 30,229,000 | 1,986,000 | |||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 134,613,000 | 10,158,000 | 42,865,000 | |||||||||||||||||||||||||||||||||||||||||
earnings per share from continuing operations: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
earnings per share from discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||
earnings per share: | ||||||||||||||||||||||||||||||||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||
other income | -3,633,250 | -8,336,000 | -2,838,000 | -3,359,000 | -1,309,000 | 39,000 | -1,012,000 | -1,021,000 | -823,250 | -1,053,000 | -1,289,000 | -1,289,000 | -951,000 | |||||||||||||||||||||||||||||||
earnings per share from continuing operations attributable to willscot mobile mini common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
earnings per share from discontinued operations attributable to willscot mobile mini common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to willscot mobile mini common shareholders: | ||||||||||||||||||||||||||||||||||||||||||||
fair value loss on common stock warrant liabilities | -610,000 | 27,207,000 | ||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 2,814,000 | 3,185,000 | 42,401,000 | 1,511,000 | 7,244,000 | 7,244,000 | ||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
transaction costs | 228,000 | 303,000 | 844,000 | |||||||||||||||||||||||||||||||||||||||||
net income attributable to non-controlling interest, net of tax | 1,343,000 | -362,250 | 273,000 | -862,000 | -862,000 | 143,000 | ||||||||||||||||||||||||||||||||||||||
net income attributable to willscot mobile mini | 21,480,250 | 61,103,000 | 20,371,000 | 4,447,000 | 46,468,000 | 16,252,000 | ||||||||||||||||||||||||||||||||||||||
earnings per share attributable to willscot mobile mini common shareholders | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
net loss attributable to non-controlling interest, net of tax | -130,000 | -860,000 | -817,000 | -3,210,000 | -648,000 | |||||||||||||||||||||||||||||||||||||||
merger transaction costs | 15,810,250 | 52,191,000 | ||||||||||||||||||||||||||||||||||||||||||
impairment losses on long-lived assets | -2,228,000 | 2,786,000 | 2,786,000 | |||||||||||||||||||||||||||||||||||||||||
loss from operations before income tax | -10,189,750 | -50,423,000 | -2,884,000 | -6,049,000 | -458,000 | -12,955,000 | -10,783,000 | |||||||||||||||||||||||||||||||||||||
income tax benefit | 14,719,000 | -66,675,000 | -169,000 | -1,220,000 | -1,180,000 | -1,180,000 | -25,028,000 | -6,507,000 | -6,645,000 | -420,000 | ||||||||||||||||||||||||||||||||||
earnings per share attributable to willscot mobile mini | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
modular leasing | 190,143,000 | 188,352,000 | 187,160,000 | 191,294,000 | 187,509,000 | 187,509,000 | 178,222,000 | 178,064,000 | 141,660,000 | 101,249,000 | 97,262,000 | |||||||||||||||||||||||||||||||||
modular delivery and installation | 51,640,000 | 51,070,000 | 51,414,000 | 61,883,000 | 56,479,000 | 56,479,000 | 50,281,000 | 50,117,000 | 46,777,000 | 31,413,000 | 26,250,000 | |||||||||||||||||||||||||||||||||
income from operations before income tax | 12,548,000 | -12,955,000 | ||||||||||||||||||||||||||||||||||||||||||
net income attributable to willscot | 11,490,000 | -5,181,250 | 489,000 | -10,913,000 | -10,913,000 | |||||||||||||||||||||||||||||||||||||||
earnings per share attributable to willscot | ||||||||||||||||||||||||||||||||||||||||||||
basic | 0.16 | -1.03 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.3 | 0.45 | 0.47 | 0.44 | 0.37 | 0.33 | 0.23 | 0.33 | 0.27 | 0.09 | 0.02 | 0.26 | 0.07 | 0.1 | ||||||||||||||||||||||
diluted | 0.15 | -1.02 | 0.24 | 0.26 | 0.23 | 0.47 | -0.37 | -0.25 | 0.29 | 0.44 | 0.46 | 0.43 | 0.36 | 0.32 | 0.22 | 0.32 | 0.26 | 0.08 | 0.02 | 0.25 | 0.07 | 0.1 | ||||||||||||||||||||||
net loss attributable to willscot | -3,544,000 | -10,301,000 | ||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.03 | 0.09 | -0.09 | -0.11 | -0.37 | -0.08 | ||||||||||||||||||||||||||||||||||||||
weighted-average shares - basic and diluted | 109,656,646 | 108,523,269 | ||||||||||||||||||||||||||||||||||||||||||
weighted-average shares - basic | 108,720,857 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average shares - diluted | 112,043,866 | |||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.03 | 0.09 | -0.09 | -0.11 | -0.37 | -0.08 | ||||||||||||||||||||||||||||||||||||||
basic | -0.1 | -0.1 | 0.005 | 0.01 | -0.01 | 0.01 | 0.03 | 0.01 | ||||||||||||||||||||||||||||||||||||
diluted | -0.1 | -0.1 | -0.01 | |||||||||||||||||||||||||||||||||||||||||
weighted-average shares | ||||||||||||||||||||||||||||||||||||||||||||
basic | 180,987,459 | 182,394,306 | 182,003,961 | 182,468,243 | 183,680,565 | 188,101,693 | 188,281,346 | 189,680,091 | 190,137,533 | 198,554,885 | 196,198,638 | 200,946,619 | 206,092,169 | 216,808,577 | 223,376,276 | 223,490,912 | 226,518,931 | 225,998,202 | 228,406,812 | 228,293,197 | 169,230,177 | 226,649,993 | 110,692,426 | 108,693,924 | 108,693,924 | 78,432,274 | 14,579,697 | 14,777,937 | 14,797,111 | 14,848,938 | ||||||||||||||
diluted | 181,463,605 | 182,394,306 | 182,772,186 | 183,439,165 | 185,301,787 | 190,292,256 | 188,281,346 | 189,680,091 | 193,065,392 | 201,849,836 | 199,258,304 | 204,326,162 | 209,663,985 | 221,399,162 | 227,484,012 | 228,955,504 | 232,793,902 | 231,868,397 | 236,536,713 | 234,720,295 | 173,650,251 | 231,216,573 | 111,432,963 | 108,693,924 | 108,693,924 | 82,180,086 | 62,204,329 | 14,777,937 | 62,500,000 | 62,500,000 | 62,500,000 | |||||||||||||
currency (gains) losses | -354,000 | |||||||||||||||||||||||||||||||||||||||||||
sales: | ||||||||||||||||||||||||||||||||||||||||||||
impairment losses on property, plant and equipment | 2,290,000 | |||||||||||||||||||||||||||||||||||||||||||
interest income | ||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before income tax | -35,415,000 | -43,236,000 | -6,266,000 | -7,255,000 | ||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -10,387,000 | -36,729,000 | -6,835,000 | |||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | ||||||||||||||||||||||||||||||||||||||||||||
total loss attributable to willscot | -9,867,500 | -33,519,000 | ||||||||||||||||||||||||||||||||||||||||||
continuing operations | -0.11 | -0.37 | -0.08 | |||||||||||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares: | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 90,726,920 | 77,189,774 | 19,760,189 | 14,845,029 | 14,858,112 | 14,853,644 | 13,832,830 | 14,318,384 | ||||||||||||||||||||||||||||||||||||
cash dividends declared per share | ||||||||||||||||||||||||||||||||||||||||||||
total income attributable to wsc | 236,000 | |||||||||||||||||||||||||||||||||||||||||||
continuing operations - basic | ||||||||||||||||||||||||||||||||||||||||||||
discontinued operations - basic | ||||||||||||||||||||||||||||||||||||||||||||
continuing operations - diluted | ||||||||||||||||||||||||||||||||||||||||||||
discontinued operations - diluted | ||||||||||||||||||||||||||||||||||||||||||||
total loss attributable to wsc | -6,187,000 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average shares | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 90,726,920 | 77,189,774 | 19,760,189 | 14,845,029 | 14,858,112 | 14,853,644 | 13,832,830 | 14,318,384 | ||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 557,557 | 1,027,322 | 871,490 | 331,416 | 146,166 | 137,376 | 127,551 | 277,474 | 10,889 | |||||||||||||||||||||||||||||||||||
income from operations | -557,557 | -1,027,322 | -871,490 | -331,416 | -146,166 | -137,376 | -127,551 | -277,474 | -10,889 | |||||||||||||||||||||||||||||||||||
interest on trust account | 616,452.5 | 1,143,643 | 796,023 | 526,144 | ||||||||||||||||||||||||||||||||||||||||
net income attributable to ordinary shares | 58,895.5 | 116,321 | -75,467 | 194,728 | 277,264 | 190,937 | 141,204 | |||||||||||||||||||||||||||||||||||||
weighted-average ordinary shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||
basic | 180,987,459 | 182,394,306 | 182,003,961 | 182,468,243 | 183,680,565 | 188,101,693 | 188,281,346 | 189,680,091 | 190,137,533 | 198,554,885 | 196,198,638 | 200,946,619 | 206,092,169 | 216,808,577 | 223,376,276 | 223,490,912 | 226,518,931 | 225,998,202 | 228,406,812 | 228,293,197 | 169,230,177 | 226,649,993 | 110,692,426 | 108,693,924 | 108,693,924 | 78,432,274 | 14,579,697 | 14,777,937 | 14,797,111 | 14,848,938 | ||||||||||||||
diluted | 181,463,605 | 182,394,306 | 182,772,186 | 183,439,165 | 185,301,787 | 190,292,256 | 188,281,346 | 189,680,091 | 193,065,392 | 201,849,836 | 199,258,304 | 204,326,162 | 209,663,985 | 221,399,162 | 227,484,012 | 228,955,504 | 232,793,902 | 231,868,397 | 236,536,713 | 234,720,295 | 173,650,251 | 231,216,573 | 111,432,963 | 108,693,924 | 108,693,924 | 82,180,086 | 62,204,329 | 14,777,937 | 62,500,000 | 62,500,000 | 62,500,000 | |||||||||||||
net income per ordinary share | ||||||||||||||||||||||||||||||||||||||||||||
basic | -0.1 | -0.1 | 0.005 | 0.01 | -0.01 | 0.01 | 0.03 | 0.01 | ||||||||||||||||||||||||||||||||||||
diluted | -0.1 | -0.1 | -0.01 | |||||||||||||||||||||||||||||||||||||||||
other income, interest on trust account | 206,949.25 | 328,313 | ||||||||||||||||||||||||||||||||||||||||||
other income - interest on trust account | 268,755 | 230,730 | 1,096 | |||||||||||||||||||||||||||||||||||||||||
weighted-average ordinary shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 90,726,920 | 77,189,774 | 19,760,189 | 14,845,029 | 14,858,112 | 14,853,644 | 13,832,830 | 14,318,384 | ||||||||||||||||||||||||||||||||||||
net income per ordinary share: | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.01 | |||||||||||||||||||||||||||||||||||||||||||
net loss attributable to ordinary shares | -46,744 | -9,793 | ||||||||||||||||||||||||||||||||||||||||||
net loss per common share: | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | ||||||||||||||||||||||||||||||||||||||||||||
revenues | ||||||||||||||||||||||||||||||||||||||||||||
weighted-average ordinary shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 90,726,920 | 77,189,774 | 19,760,189 | 14,845,029 | 14,858,112 | 14,853,644 | 13,832,830 | 14,318,384 |
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 | 2019-08-02 | 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 | 2016-03-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 15,543,000 | 14,587,000 | 14,757,000 | 12,850,000 | 10,679,000 | 9,001,000 | 11,046,000 | 5,924,000 | 13,147,000 | 10,958,000 | 5,789,000 | 7,660,000 | 15,918,000 | 7,390,000 | 15,442,000 | 11,706,000 | 11,321,000 | 12,699,000 | 11,317,000 | 15,402,000 | 26,934,000 | 24,937,000 | 19,997,000 | 9,061,000 | 4,642,000 | 3,045,000 | 3,951,000 | 5,490,000 | 5,490,000 | 12,779,000 | 8,958,000 | 9,771,000 | 8,181,000 | 2,861,000 | 9,185,000 | 13,326 | 22,490 | 7,289 | |||
trade receivables, net of allowance | 397,432,000 | 394,708,000 | 403,679,000 | 414,137,000 | 400,501,000 | 430,381,000 | 445,869,000 | 442,205,000 | 450,572,000 | 451,130,000 | 469,344,000 | 441,643,000 | 415,344,000 | 409,766,000 | 439,309,000 | 440,993,000 | 403,153,000 | 399,887,000 | 398,350,000 | 365,164,000 | 322,425,000 | 330,942,000 | 332,021,000 | 231,007,000 | 241,142,000 | 247,596,000 | 250,488,000 | 242,730,000 | 242,730,000 | 229,563,000 | 206,502,000 | 199,461,000 | 94,377,000 | 94,820,000 | |||||||
inventories | 46,187,000 | 45,560,000 | 43,452,000 | 46,546,000 | 47,736,000 | 47,473,000 | 52,576,000 | 49,727,000 | 47,622,000 | 47,406,000 | 44,729,000 | 44,360,000 | 42,007,000 | 41,030,000 | 44,873,000 | 41,824,000 | 39,885,000 | 32,739,000 | 30,943,000 | 32,294,000 | 24,132,000 | 21,655,000 | 22,955,000 | 14,800,000 | 15,006,000 | 15,387,000 | 15,956,000 | 15,215,000 | 15,215,000 | 17,412,000 | 16,218,000 | 21,348,000 | 10,336,000 | 10,082,000 | |||||||
prepaid expenses | 20,737,000 | 27,709,000 | 25,732 | 21,842 | 47,642 | 73,441 | |||||||||||||||||||||||||||||||||||
other current assets | 48,861,000 | 41,328,000 | |||||||||||||||||||||||||||||||||||||||
assets held for sale | 1,159,000 | 1,159,000 | 1,159,000 | 1,953,000 | 1,953,000 | 2,904,000 | 1,518,000 | 954,000 | 954,000 | 962,000 | 2,413,000 | 12,004,000 | 12,764,000 | 9,332,000 | 8,543,000 | 11,939,000 | 9,155,000 | 12,906,000 | 12,906,000 | 20,962,000 | 2,841,000 | ||||||||||||||||||||
total current assets | 529,919,000 | 525,051,000 | 520,345,000 | 530,300,000 | 518,454,000 | 557,510,000 | 578,319,000 | 576,377,000 | 575,363,000 | 569,096,000 | 569,205,000 | 545,455,000 | 524,877,000 | 521,041,000 | 540,266,000 | 540,286,000 | 495,596,000 | 483,040,000 | 477,512,000 | 439,546,000 | 404,056,000 | 419,492,000 | 414,128,000 | 940,679,000 | 289,913,000 | 292,588,000 | 304,234,000 | 299,019,000 | 299,019,000 | 302,755,000 | 256,347,000 | 250,655,000 | 136,160,000 | 121,092,000 | 127,783,000 | 39,058 | 44,332 | 54,931 | 261,504 | ||
rental equipment | 3,103,332,000 | 3,093,321,000 | 3,412,440,000 | 3,424,524,000 | 3,367,026,000 | 3,377,939,000 | 3,401,198,000 | 3,402,707,000 | 3,399,628,000 | 3,381,315,000 | 3,347,017,000 | 3,196,518,000 | 3,128,061,000 | 3,077,287,000 | 3,227,735,000 | 3,257,475,000 | 3,164,084,000 | 3,080,981,000 | 2,968,895,000 | 2,914,572,000 | 2,928,682,000 | 2,933,722,000 | 3,039,710,000 | 1,908,299,000 | 1,912,995,000 | 1,944,436,000 | 1,952,829,000 | 1,953,857,000 | 1,953,857,000 | 1,940,617,000 | 1,929,290,000 | 1,949,403,000 | 1,075,040,000 | 1,065,988,000 | 1,040,146,000 | ||||||
property, plant and equipment | 386,339,000 | 390,220,000 | 374,052,000 | 375,296,000 | 365,497,000 | 363,073,000 | 353,338,000 | 351,513,000 | 344,187,000 | 340,887,000 | 328,054,000 | 315,444,000 | 305,608,000 | 304,659,000 | 311,526,000 | 322,707,000 | 315,402,000 | 312,178,000 | 307,253,000 | 303,488,000 | 300,687,000 | 303,650,000 | 296,007,000 | 142,454,000 | 143,864,000 | 147,689,000 | 186,956,000 | 164,759,000 | 164,759,000 | 167,464,000 | 183,750,000 | 193,154,000 | 82,361,000 | 82,944,000 | 83,666,000 | ||||||
operating lease assets | 298,027,000 | 310,662,000 | 292,557,000 | 259,266,000 | 257,530,000 | 266,761,000 | 257,054,000 | 253,913,000 | 259,965,000 | 245,647,000 | 256,272,000 | 234,468,000 | 219,926,000 | 219,405,000 | 225,955,000 | 235,266,000 | 241,132,000 | 247,064,000 | 233,800,000 | 235,258,000 | 229,260,000 | 232,094,000 | 233,891,000 | 146,721,000 | 148,152,000 | 146,698,000 | |||||||||||||||
goodwill | 1,257,201,000 | 1,257,612,000 | 1,257,006,000 | 1,257,264,000 | 1,201,710,000 | 1,201,353,000 | 1,176,889,000 | 1,175,701,000 | 1,175,972,000 | 1,176,635,000 | 1,158,076,000 | 1,012,135,000 | 1,011,513,000 | 1,011,429,000 | 1,064,582,000 | 1,171,725,000 | 1,177,288,000 | 1,178,806,000 | 1,178,290,000 | 1,180,737,000 | 1,179,421,000 | 1,171,219,000 | 942,791,000 | 233,829,000 | 232,796,000 | 235,177,000 | 234,597,000 | 245,828,000 | 245,828,000 | 242,984,000 | 247,017,000 | 267,764,000 | 33,570,000 | 32,972,000 | 28,609,000 | ||||||
intangible assets | 213,432,000 | 224,088,000 | 235,261,000 | 246,794,000 | 239,816,000 | 251,164,000 | 260,539,000 | 272,444,000 | 412,264,000 | 419,709,000 | 401,313,000 | 407,250,000 | 413,188,000 | 419,125,000 | 431,291,000 | 446,578,000 | 453,785,000 | 460,678,000 | 467,289,000 | 474,327,000 | 481,199,000 | 495,947,000 | 686,303,000 | 126,125,000 | 126,375,000 | 126,625,000 | 128,103,000 | 128,456,000 | 128,456,000 | 131,246,000 | 131,801,000 | 132,519,000 | 125,864,000 | 126,059,000 | 126,259,000 | ||||||
other non-current assets | 22,406,000 | 15,213,000 | 13,008,000 | 11,259,000 | 11,643,000 | 17,111,000 | 9,882,000 | 16,113,000 | 12,955,000 | 4,626,000 | 15,541,000 | 7,230,000 | 6,578,000 | 6,683,000 | 8,909,000 | 4,771,000 | 10,486,000 | 10,852,000 | 11,142,000 | 11,785,000 | 15,570,000 | 16,081,000 | 12,020,000 | 3,433,000 | 3,642,000 | 4,436,000 | 4,641,000 | 4,357,000 | 4,357,000 | 5,461,000 | 4,280,000 | 4,200,000 | 4,038,000 | 3,418,000 | 4,279,000 | ||||||
total long-term assets | 5,280,737,000 | 5,291,116,000 | 5,584,324,000 | 5,574,403,000 | 5,443,222,000 | 5,477,401,000 | 5,458,900,000 | 5,472,391,000 | 5,604,971,000 | 5,568,819,000 | 5,506,273,000 | 5,173,045,000 | 5,084,874,000 | 5,306,610,000 | 5,269,998,000 | 5,438,522,000 | 5,362,177,000 | 5,290,559,000 | 5,166,669,000 | 5,120,167,000 | 5,134,819,000 | 5,152,713,000 | 5,210,722,000 | 2,560,861,000 | 2,567,824,000 | 2,605,061,000 | 2,507,126,000 | 2,497,257,000 | 2,497,257,000 | 2,487,772,000 | 2,496,138,000 | 2,547,040,000 | 1,320,873,000 | 1,311,381,000 | 1,282,959,000 | ||||||
total assets | 5,810,656,000 | 5,816,167,000 | 6,104,669,000 | 6,104,703,000 | 5,961,676,000 | 6,034,911,000 | 6,037,219,000 | 6,048,768,000 | 6,180,334,000 | 6,137,915,000 | 6,075,478,000 | 5,718,500,000 | 5,609,751,000 | 5,827,651,000 | 5,810,264,000 | 5,978,808,000 | 5,857,773,000 | 5,773,599,000 | 5,644,181,000 | 5,559,713,000 | 5,538,875,000 | 5,572,205,000 | 5,624,850,000 | 3,501,540,000 | 2,857,737,000 | 2,897,649,000 | 2,811,360,000 | 2,796,276,000 | 2,796,276,000 | 2,790,527,000 | 2,752,485,000 | 2,797,695,000 | 1,457,033,000 | 1,432,473,000 | 1,410,742,000 | 500,867,612 | 502,707,408 | 501,921,984 | 501,602,414 | 501,048,921 | 501,751,096 |
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||
accounts payable | 142,454,000 | 109,864,000 | 108,800,000 | 115,628,000 | 93,976,000 | 96,597,000 | 107,789,000 | 118,890,000 | 100,490,000 | 86,123,000 | 92,319,000 | 91,783,000 | 92,057,000 | 108,071,000 | 160,262,000 | 155,901,000 | 135,355,000 | 118,271,000 | 145,320,000 | 132,031,000 | 111,408,000 | 106,926,000 | 114,249,000 | 87,847,000 | 102,570,000 | 109,926,000 | 101,532,000 | 96,031,000 | 96,031,000 | 96,184,000 | 90,353,000 | 78,638,000 | 58,370,000 | 46,887,000 | 57,051,000 | 1,703,453 | 831,407 | ||||
accrued expenses | 150,873,000 | 125,896,000 | 171,082,000 | 161,965,000 | 168,889,000 | 121,583,000 | 168,462,000 | 150,203,000 | 161,625,000 | 129,621,000 | 123,238,000 | 120,301,000 | 120,838,000 | 110,820,000 | 123,300,000 | 115,124,000 | 102,938,000 | 100,195,000 | 163,339,000 | 149,670,000 | 133,036,000 | ||||||||||||||||||||
accrued employee benefits | 30,012,000 | 36,176,000 | 32,865,000 | 43,060,000 | 25,689,000 | 25,062,000 | 24,551,000 | 44,122,000 | 25,889,000 | 45,564,000 | 31,550,000 | 43,647,000 | 28,803,000 | 56,340,000 | 53,477,000 | 63,331,000 | 44,634,000 | 68,414,000 | |||||||||||||||||||||||
deferred revenue and customer deposits | 244,854,000 | 237,322,000 | 248,302,000 | 240,251,000 | 240,816,000 | 250,790,000 | 249,973,000 | 233,555,000 | 227,042,000 | 224,518,000 | 227,257,000 | 209,726,000 | 199,274,000 | 203,793,000 | 212,005,000 | 189,333,000 | 172,907,000 | 159,639,000 | 163,977,000 | 151,819,000 | 139,575,000 | 135,485,000 | 132,352,000 | 89,258,000 | 85,936,000 | 82,978,000 | 87,702,000 | 83,081,000 | 83,081,000 | 74,616,000 | 71,778,000 | 67,727,000 | 50,382,000 | 48,676,000 | 45,182,000 | ||||||
operating lease liabilities – current | 70,155,000 | 71,333,000 | 67,873,000 | 66,559,000 | 65,708,000 | 63,884,000 | 61,569,000 | ||||||||||||||||||||||||||||||||||
current portion of long-term debt | 31,934,000 | 31,094,000 | 27,437,000 | 26,928,000 | 25,439,000 | 24,598,000 | 22,933,000 | 21,140,000 | 19,178,000 | 18,786,000 | 15,981,000 | 13,952,000 | 13,514,000 | 13,324,000 | 13,497,000 | 20,663,000 | 19,792,000 | 18,121,000 | 18,652,000 | 16,557,000 | 16,229,000 | 16,521,000 | 16,872,000 | 265,398,000 | 2,025,000 | 2,026,000 | 2,026,000 | 1,990,000 | 1,959,000 | 1,915,000 | 1,883,000 | 1,884,000 | 1,881,000 | ||||||||
total current liabilities | 670,282,000 | 611,104,000 | 659,819,000 | 655,705,000 | 621,368,000 | 585,008,000 | 639,416,000 | 631,794,000 | 595,793,000 | 562,020,000 | 546,933,000 | 533,519,000 | 505,562,000 | 561,942,000 | 614,512,000 | 596,847,000 | 529,272,000 | 517,645,000 | 541,840,000 | 499,683,000 | 448,614,000 | 448,667,000 | 451,202,000 | 590,925,000 | 313,284,000 | 320,412,000 | 301,040,000 | 287,895,000 | 287,895,000 | 276,139,000 | 269,023,000 | 243,614,000 | 158,043,000 | 147,678,000 | 155,730,000 | 2,083,453 | 1,061,407 | 75,671 | |||
long-term debt | 3,482,297,000 | 3,557,074,000 | 3,590,015,000 | 3,672,856,000 | 3,596,816,000 | 3,683,502,000 | 3,607,957,000 | 3,459,255,000 | 3,465,619,000 | 3,538,516,000 | 3,460,066,000 | 3,035,521,000 | 2,876,453,000 | 3,063,042,000 | 2,935,800,000 | 3,017,678,000 | 2,790,842,000 | 2,694,319,000 | 2,598,300,000 | 2,506,295,000 | 2,454,024,000 | 2,453,809,000 | 2,498,207,000 | 1,971,010,000 | 1,625,772,000 | 1,632,589,000 | 1,710,160,000 | 1,709,523,000 | 1,709,523,000 | 1,709,266,000 | 1,674,540,000 | 1,651,579,000 | 684,641,000 | 662,199,000 | 624,865,000 | ||||||
deferred tax liabilities | 501,582,000 | 492,332,000 | 526,884,000 | 499,936,000 | 496,418,000 | 505,913,000 | 492,152,000 | 524,941,000 | 565,955,000 | 554,268,000 | 535,434,000 | 506,425,000 | 464,798,000 | 401,453,000 | 385,854,000 | 390,092,000 | 367,480,000 | 354,879,000 | 346,687,000 | 332,492,000 | 315,244,000 | 307,541,000 | 359,593,000 | 69,044,000 | 67,017,000 | 70,693,000 | 67,583,000 | 66,594,000 | 66,594,000 | 68,297,000 | 67,384,000 | 146,086,000 | 111,924,000 | 119,209,000 | 120,865,000 | ||||||
operating lease liabilities - non-current | 231,075,000 | 221,409,000 | 192,552,000 | 191,736,000 | 192,133,000 | 190,746,000 | 198,265,000 | 193,364,000 | 181,319,000 | 169,914,000 | 169,618,000 | 174,777,000 | 183,851,000 | 187,930,000 | 194,256,000 | 183,035,000 | 184,874,000 | 180,823,000 | 183,761,000 | 187,056,000 | 117,159,000 | 119,322,000 | 118,429,000 | ||||||||||||||||||
other non-current liabilities | 54,896,000 | 57,470,000 | 46,472,000 | 49,059,000 | 43,976,000 | 41,020,000 | 51,482,000 | 40,696,000 | 34,576,000 | 34,024,000 | 27,045,000 | 23,171,000 | 29,100,000 | 18,537,000 | 18,182,000 | 16,390,000 | 16,064,000 | 15,737,000 | 17,735,000 | 30,956,000 | 34,500,000 | 37,150,000 | 22,471,000 | 36,028,000 | 38,603,000 | 34,229,000 | 37,373,000 | 37,584,000 | 37,584,000 | 33,887,000 | 31,618,000 | 19,034,000 | 19,109,000 | 19,250,000 | 19,355,000 | ||||||
long-term liabilities | 4,269,850,000 | 4,348,809,000 | 4,384,780,000 | 4,414,403,000 | 4,328,946,000 | 4,431,310,000 | 4,343,724,000 | 4,215,638,000 | 4,264,415,000 | 4,314,645,000 | 4,215,909,000 | 3,746,436,000 | 3,540,265,000 | 3,700,409,000 | 3,514,613,000 | 3,608,011,000 | 3,362,316,000 | 3,259,191,000 | 3,145,757,000 | 3,054,617,000 | 3,084,372,000 | 2,982,261,000 | 3,079,143,000 | 2,205,525,000 | 1,863,380,000 | 1,868,282,000 | 1,826,381,000 | 1,823,911,000 | 1,823,911,000 | 1,820,457,000 | 1,781,265,000 | 1,823,372,000 | 822,370,000 | 806,696,000 | 770,462,000 | ||||||
total liabilities | 4,940,132,000 | 4,959,913,000 | 5,044,599,000 | 5,070,108,000 | 4,950,314,000 | 5,016,318,000 | 4,983,140,000 | 4,847,432,000 | 4,860,208,000 | 4,876,665,000 | 4,762,842,000 | 4,279,955,000 | 4,045,827,000 | 4,262,351,000 | 4,129,125,000 | 4,204,858,000 | 3,891,588,000 | 3,776,836,000 | 3,687,597,000 | 3,554,300,000 | 3,532,986,000 | 3,430,928,000 | 3,530,345,000 | 2,796,450,000 | 2,176,664,000 | 2,188,694,000 | 2,127,421,000 | 2,111,806,000 | 2,111,806,000 | 2,096,596,000 | 2,050,288,000 | 2,066,986,000 | 980,413,000 | 954,374,000 | 926,192,000 | 21,583,453 | 20,561,407 | 19,700,513 | 19,575,671 | 19,631,582 | 20,285,878 |
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2026 and december 31, 2025 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 180,994,679 and 181,184,438 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
additional paid-in-capital | 1,710,836,000 | 1,725,642,000 | 1,745,472,000 | 1,756,797,000 | 1,793,859,000 | 1,836,165,000 | 1,960,163,000 | 2,014,327,000 | 2,083,735,000 | 2,089,091,000 | 2,218,110,000 | 2,435,571,000 | 2,667,424,000 | 2,886,951,000 | 3,295,747,000 | 3,536,906,000 | 3,616,902,000 | 3,655,587,000 | 3,756,563,000 | 3,782,649,000 | 3,797,168,000 | 3,825,940,000 | 2,471,312,000 | 2,402,195,000 | 2,396,501,000 | 2,394,091,000 | 2,392,085,000 | 2,392,085,000 | 2,390,184,000 | 2,389,548,000 | 2,390,188,000 | 2,123,101,000 | 2,122,047,000 | 2,121,926,000 | |||||||
accumulated other comprehensive loss | -68,500,000 | -69,453,000 | -72,783,000 | -66,251,000 | -78,607,000 | -70,627,000 | -69,924,000 | -47,306,000 | -44,776,000 | -52,768,000 | -44,073,000 | -44,109,000 | -62,855,000 | -70,122,000 | -93,009,000 | -55,276,000 | -30,824,000 | -29,071,000 | -33,713,000 | -24,757,000 | -29,996,000 | -37,207,000 | -66,283,000 | -84,807,000 | -89,974,000 | -62,775,000 | -68,908,000 | -65,910,000 | -65,910,000 | -66,278,000 | -68,026,000 | -52,119,000 | -54,417,000 | -51,798,000 | -49,497,000 | ||||||
accumulated deficit | -771,831,000 | -799,954,000 | -612,638,000 | -655,970,000 | -703,909,000 | -746,964,000 | -836,179,000 | -765,704,000 | -718,853,000 | -775,093,000 | -861,421,000 | -952,937,000 | -1,040,666,000 | -1,251,550,000 | -1,337,950,000 | -1,466,543,000 | -1,539,919,000 | -1,591,090,000 | -1,665,313,000 | -1,726,416,000 | -1,746,787,000 | -1,618,707,000 | -1,665,175,000 | -1,681,427,000 | -1,692,917,000 | -1,689,373,000 | -1,703,699,000 | -1,704,188,000 | -1,704,188,000 | -1,693,275,000 | -1,683,319,000 | -1,673,749,000 | -1,640,230,000 | -1,640,466,000 | -1,636,819,000 | -67,552 | -14,793 | ||||
total shareholders' equity | 870,524,000 | 856,254,000 | 1,060,070,000 | 1,034,595,000 | 1,011,362,000 | 1,018,593,000 | 1,054,079,000 | 1,201,336,000 | 1,320,126,000 | 1,261,250,000 | 1,312,636,000 | 1,438,545,000 | 1,563,924,000 | 1,565,300,000 | 1,681,139,000 | 1,773,950,000 | 1,966,185,000 | 1,996,763,000 | 1,956,584,000 | 2,005,413,000 | 2,005,889,000 | 2,141,277,000 | 2,094,505,000 | 705,090,000 | 619,316,000 | 644,365,000 | 621,496,000 | 621,999,000 | 621,999,000 | 630,643,000 | 638,215,000 | 664,331,000 | 428,463,000 | 429,792,000 | 435,619,000 | ||||||
total liabilities and shareholders' equity | 5,810,656,000 | 5,816,167,000 | 6,104,669,000 | 6,104,703,000 | 5,961,676,000 | 6,034,911,000 | 6,037,219,000 | 6,048,768,000 | 6,180,334,000 | 6,137,915,000 | 6,075,478,000 | 5,718,500,000 | 5,609,751,000 | 5,827,651,000 | 5,810,264,000 | 5,978,808,000 | 5,857,773,000 | 5,773,599,000 | |||||||||||||||||||||||
operating lease liabilities - current | 70,752,000 | 66,378,000 | 57,408,000 | 56,588,000 | 54,110,000 | 51,076,000 | 50,499,000 | 51,971,000 | 52,495,000 | 53,646,000 | 53,005,000 | 50,552,000 | 49,606,000 | 48,366,000 | 48,063,000 | 46,280,000 | 30,438,000 | 29,446,000 | 29,133,000 | ||||||||||||||||||||||
operating lease liabilities – non-current | 241,933,000 | 200,875,000 | 187,837,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2025 and 2024 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 181,184,438 and 183,564,899 shares issued and outstanding at december 31, 2025 and december 31, 2024, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 57,298,000 | 54,814,000 | 57,585,000 | 67,751,000 | 64,750,000 | 74,134,000 | 61,912,000 | 57,492,000 | 48,392,000 | 42,868,000 | 42,684,000 | 31,635,000 | 39,691,000 | 44,245,000 | 40,283,000 | 36,761,000 | 35,940,000 | 26,686,000 | 28,152,000 | 29,954,000 | 26,391,000 | 21,392,000 | 20,580,000 | 14,621,000 | 24,684,000 | 22,678,000 | 22,678,000 | 22,039,000 | 21,828,000 | 20,075,000 | 14,137,000 | 13,518,000 | 13,696,000 | ||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at september 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 181,941,675 and 183,564,899 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at june 30, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 182,236,993 and 183,564,899 shares issued and outstanding at june 30, 2025 and december 31, 2024, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2025 and december 31, 2024 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 183,109,208 and 183,564,899 shares issued and outstanding at march 31, 2025 and december 31, 2024, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2024 and 2023 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 183,564,899 and 189,967,135 shares issued and outstanding at december 31, 2024 and december 31, 2023, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
assets held for sale – current | 4,078,000 | 4,387,000 | 2,110,000 | 2,110,000 | |||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at september 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 187,048,646 and 189,967,135 shares issued and outstanding at september 30, 2024 and december 31, 2023, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at june 30, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 188,591,960 and 189,967,135 shares issued and outstanding at june 30, 2024 and december 31, 2023, respectively | 19,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2024 and december 31, 2023 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 190,598,309 and 189,967,135 shares issued and outstanding at march 31, 2024 and december 31, 2023, respectively | 20,000 | ||||||||||||||||||||||||||||||||||||||||
assets held for sale – non-current | |||||||||||||||||||||||||||||||||||||||||
liabilities held for sale – current | |||||||||||||||||||||||||||||||||||||||||
liabilities held for sale – non-current | |||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2023 and 2022 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 189,967,135 and 207,951,682 shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively | 20,000 | ||||||||||||||||||||||||||||||||||||||||
assets held for sale - current | 951,000 | 8,924,000 | 8,924,000 | 31,220,000 | 951,000 | ||||||||||||||||||||||||||||||||||||
assets held for sale - non-current | 268,022,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities held for sale - current | 19,095,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities held for sale - non-current | 47,759,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at september 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 193,460,704 and 207,951,682 shares issued and outstanding at september 30, 2023 and december 31, 2022, respectively | 20,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at june 30, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 198,375,893 and 207,951,682 shares issued and outstanding at june 30, 2023 and december 31, 2022, respectively | 20,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2023 and december 31, 2022 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 203,723,099 and 207,951,682 shares issued and outstanding at march 31, 2023 and december 31, 2022, respectively | 21,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2022 and 2021 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 207,951,682 and 223,939,527 shares issued and outstanding at december 31, 2022 and december 31, 2021, respectively | 21,000 | ||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 211,243,820 and 223,939,527 shares issued and outstanding at september 30, 2022 and december 31, 2021, respectively | 22,000 | ||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 3,112,076,000 | 4,221,097 | 4,337,409 | 4,261,943 | 4,456,671 | 5,066,076 | 5,013,186 | ||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at june 30, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 216,090,996 and 223,939,527 shares issued and outstanding at june 30, 2022 and december 31, 2021, respectively | 22,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2022 and december 31, 2021 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 223,174,389 and 223,939,527 shares issued and outstanding at march 31, 2022 and december 31, 2021, respectively | 22,000 | ||||||||||||||||||||||||||||||||||||||||
common stock warrant liabilities | 99,781,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2021 and 2020 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 223,939,527 and 229,038,158 shares issued and outstanding at december 31, 2021 and december 31, 2020, respectively | 22,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at september 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 223,665,627 and 229,038,158 shares issued and outstanding at september 30, 2021 and december 31, 2020, respectively | 23,000 | ||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 5,644,181,000 | 5,559,713,000 | 5,538,875,000 | 5,572,205,000 | 5,624,850,000 | 3,501,540,000 | 2,857,737,000 | 2,897,649,000 | 2,811,360,000 | 2,796,276,000 | 2,796,276,000 | 2,790,527,000 | 2,752,485,000 | 2,797,695,000 | 1,457,033,000 | 1,432,473,000 | 1,410,742,000 | ||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at june 30, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 226,832,627 and 229,038,158 shares issued and outstanding at june 30, 2021 and december 31, 2020, respectively | 23,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at march 31, 2021 and december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 226,815,146, and 229,038,158 shares issued and outstanding at march 31, 2021 and december 31, 2020, respectively | 23,000 | ||||||||||||||||||||||||||||||||||||||||
accrued interest and liabilities | 141,672,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock: 0.0001 par, 1,000,000 shares authorized and zero shares issued and outstanding at december 31, 2020 and 2019 | |||||||||||||||||||||||||||||||||||||||||
common stock: 0.0001 par, 500,000,000 shares authorized and 229,038,158 shares issued and outstanding at december 31, 2020 | 23,000 | ||||||||||||||||||||||||||||||||||||||||
class a common stock | 12,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 11,000 | 10,000 | 8,000 | 8,000 | 476,417,330 | |||||||||||||||||||||||||||||
class b common stock | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||||||||||||||||||||||||||
non-controlling interest | 61,757,000 | 64,590,000 | 62,443,000 | 62,471,000 | 62,471,000 | 63,288,000 | 63,982,000 | 66,378,000 | 48,157,000 | 48,307,000 | 48,931,000 | ||||||||||||||||||||||||||||||
total equity | 2,141,277,000 | 2,094,505,000 | 705,090,000 | 681,073,000 | 708,955,000 | 683,939,000 | 684,470,000 | 684,470,000 | 693,931,000 | 702,197,000 | 730,709,000 | 476,620,000 | 478,099,000 | 484,550,000 | |||||||||||||||||||||||||||
accrued liabilities | 125,311,000 | 101,212,000 | 82,853,000 | 82,355,000 | 96,395,000 | 90,612,000 | 90,612,000 | 88,680,000 | 84,696,000 | 79,721,000 | 45,606,000 | 41,508,000 | 48,912,000 | ||||||||||||||||||||||||||||
accrued interest | 16,138,000 | 16,772,000 | 12,479,000 | 16,020,000 | 13,386,000 | 16,145,000 | 16,145,000 | 14,669,000 | 20,237,000 | 15,613,000 | 1,802,000 | 8,723,000 | 2,704,000 | ||||||||||||||||||||||||||||
common stock: 0.0001 par, 380,000,000 shares authorized and 227,980,928 shares issued and outstanding at september 30, 2020 | 23,000 | ||||||||||||||||||||||||||||||||||||||||
restricted cash | 655,087,000 | ||||||||||||||||||||||||||||||||||||||||
raw materials and consumables | 9,829,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||
current assets - discontinued operations | |||||||||||||||||||||||||||||||||||||||||
notes due from affiliates | |||||||||||||||||||||||||||||||||||||||||
non-current assets - discontinued operations | |||||||||||||||||||||||||||||||||||||||||
current liabilities - discontinued operations | |||||||||||||||||||||||||||||||||||||||||
notes due to affiliates | |||||||||||||||||||||||||||||||||||||||||
non-current liabilities - discontinued operations | |||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||
cash and investments held in trust account | 500,828,554 | 502,663,076 | 501,867,053 | 501,340,910 | 500,320,412 | ||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||
advances from sponsor | 380,000 | 230,000 | |||||||||||||||||||||||||||||||||||||||
deferred underwriting compensation | 19,500,000 | 19,500,000 | 19,500,000 | 19,500,000 | 19,500,000 | ||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption; 47,428,415 shares and 47,702,674 shares at september 30, 2017 and december 31, 2016, respectively | 474,284,150 | ||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||
class a ordinary shares, 0.0001 par value... | 228 | 229 | 228 | 230 | 235 | ||||||||||||||||||||||||||||||||||||
class b ordinary shares, 0.0001 par value... | 1,250 | 1,250 | 1,250 | 1,250 | 1,380 | ||||||||||||||||||||||||||||||||||||
retained earnings | 777,434 | 661,113 | 736,580 | 541,852 | |||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 5,000,009 | 5,000,001 | 5,000,001 | 5,000,003 | 5,000,009 | 5,000,008 | |||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 500,867,612 | 502,707,408 | 501,921,984 | 501,602,414 | 501,048,921 | 501,751,096 | |||||||||||||||||||||||||||||||||||
revenue | |||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 1,027,322 | ||||||||||||||||||||||||||||||||||||||||
income from operations | -1,027,322 | ||||||||||||||||||||||||||||||||||||||||
interest on trust account | 1,143,643 | ||||||||||||||||||||||||||||||||||||||||
net income attributable to ordinary shares | 116,321 | ||||||||||||||||||||||||||||||||||||||||
weighted-average ordinary shares outstanding | |||||||||||||||||||||||||||||||||||||||||
basic | 14,579,697 | ||||||||||||||||||||||||||||||||||||||||
diluted | 62,204,329 | ||||||||||||||||||||||||||||||||||||||||
net income per ordinary share | |||||||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption; 47,714,600 shares and 47,702,674 shares at june 30, 2017 and december 31, 2016, respectively | 477,146,000 | ||||||||||||||||||||||||||||||||||||||||
3 | |||||||||||||||||||||||||||||||||||||||||
current liabilities – accounts payable and accrued expenses | 200,513 | ||||||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption; 47,722,147 shares and 47,702,674 shares at march 31, 2017 and december 31, 2016, respectively | 477,221,470 | ||||||||||||||||||||||||||||||||||||||||
cash | 188,063 | 728,509 | 1,750,000 | ||||||||||||||||||||||||||||||||||||||
current liabilities – accounts payable and accrued offering expenses: | 75,671 | ||||||||||||||||||||||||||||||||||||||||
deferred underwriting fees | 19,500,000 | ||||||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption: 47,702,674 and 47,646,408 shares, respectively, at december 31, 2016 and december 31, 2015 | 477,026,740 | ||||||||||||||||||||||||||||||||||||||||
preferred shares, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||
current asset: | |||||||||||||||||||||||||||||||||||||||||
current liabilities – accounts payable and accrued offering costs: | 131,582 | 785,878 | |||||||||||||||||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 235 | ||||||||||||||||||||||||||||||||||||||||
class b common stock, 0.0001 par value... | 1,250 | ||||||||||||||||||||||||||||||||||||||||
1 | |||||||||||||||||||||||||||||||||||||||||
cash held in trust account | 500,001,096 | ||||||||||||||||||||||||||||||||||||||||
class a ordinary shares subject to possible redemption; 47,646,521 shares | 476,465,210 |
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 | 2016-03-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities: | ||||||||||||||||||||||||||||||||||||||||
net income | 28,123,000 | -187,316,000 | 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 | |||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 92,431,000 | 112,239,000 | 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 | |||||||
provision for credit losses | 17,788,000 | 20,741,000 | 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 | |||||||||||||||||||
gain on sale of rental equipment and other property, plant and equipment | -6,143,000 | -7,035,000 | -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 | 2,091,000 | 2,258,000 | 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 | 7,107,000 | 11,748,000 | 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 | 8,406,000 | -37,296,000 | 29,153,000 | 6,472,000 | -5,343,000 | 2,466,000 | -24,794,000 | -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 | |||||||||||||||||||||
other | 1,144,000 | 960,000 | 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 | -20,847,000 | -11,513,000 | -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 | -828,000 | -1,841,000 | 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 | -1,396,000 | -13,092,000 | -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 | 1,160,000 | 1,834,000 | -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 | 54,266,000 | -30,082,000 | -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 | 7,756,000 | -10,066,000 | 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 | 191,058,000 | 158,896,000 | 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 | 266,064 | -48,622 | 1,096 | |
capital expenditures | -3,629,000 | -9,167,000 | -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 | 0 | 0 | 0 | 0 | 0 | 0 | |
free cash flows | 187,429,000 | 149,729,000 | 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 | 266,064 | -48,622 | 1,096 | |
investing activities: | ||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | -311,000 | -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 | -101,940,000 | -78,846,000 | -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 | 19,278,000 | 19,823,000 | 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 | -3,629,000 | -9,167,000 | -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 | 1,625,000 | 741,000 | 610,000 | 302,000 | 1,291,000 | 734,000 | 918,000 | 894,000 | 491,000 | 260,000 | ||||||||||||||||||||||||||||||
purchases of investments | -56,000 | -192,000 | -546,000 | |||||||||||||||||||||||||||||||||||||
maturities of marketable securities | 195,000 | 145,000 | 490,000 | |||||||||||||||||||||||||||||||||||||
net cash from investing activities | -84,527,000 | -67,807,000 | -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 | -423,430 | -230,730 | -500,001,096 | |
financing activities: | ||||||||||||||||||||||||||||||||||||||||
receipts from borrowings | 115,797,000 | 208,196,000 | 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 | -191,797,000 | -249,275,000 | -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 | -9,172,000 | 0 | -663,000 | -6,665,000 | -1,013,000 | -1,712,000 | -80,000 | -57,000 | -109,000 | -923,000 | -63,327,000 | 0 | 63,000 | -2,603,000 | -83,000 | -1,809,000 | ||||||||||||||||||||||||
payments on finance lease obligations | -7,105,000 | -9,592,000 | -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 | 226,000 | 0 | 7,808,000 | 2,232,000 | 132,000 | 0 | 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 | -7,250,000 | -17,363,000 | -9,274,000 | -51,217,000 | -22,008,000 | -140,093,000 | -51,669,000 | |||||||||||||||||||||||||||||||||
taxes paid on employee stock awards | -1,904,000 | -1,953,000 | -26,000 | -265,000 | -7,718,000 | 0 | -1,429,000 | 0 | -14,524,000 | 0 | -4,113,000 | 0 | -10,058,000 | 0 | -518,000 | -1,075,000 | -12,295,000 | -43,000 | -3,915,000 | 0 | -3,219,000 | |||||||||||||||||||
dividends paid | -12,737,000 | -12,751,000 | -12,736,000 | -12,750,000 | -12,882,000 | |||||||||||||||||||||||||||||||||||
net cash from financing activities | -104,996,000 | -91,684,000 | -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 | 501,750,000 | |||||
effect of exchange rate changes on cash and cash equivalents | -579,000 | 425,000 | 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 | 956,000 | -170,000 | 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 | -813,000 | 1,590,000 | 5,320,000 | -6,324,000 | |||||||||
cash and cash equivalents at the beginning of the period | 14,587,000 | 0 | 0 | 0 | 9,001,000 | 0 | 0 | 0 | 10,958,000 | 0 | 0 | 0 | 17,774,000 | 0 | 0 | 0 | 12,699,000 | 0 | 0 | 0 | 24,937,000 | 3,045,000 | 0 | 0 | 0 | 8,958,000 | 0 | 0 | 0 | 9,185,000 | ||||||||||
cash and cash equivalents at the end of the period | 15,543,000 | -170,000 | 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 | -813,000 | 1,590,000 | 5,320,000 | 2,861,000 | ||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||||
interest paid | 32,606,000 | 77,028,000 | 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 | 23,265,000 | 6,717,000 | 17,774,000 | 4,230,000 | |||||||||||||
income taxes paid | 1,037,000 | 1,784,000 | 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 | 15,259,000 | 263,000 | 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 | 3,307,000 | 650,000 | 4,010,000 | 12,818,000 | ||||||||
accrued common stock repurchases | 10,000,000 | |||||||||||||||||||||||||||||||||||||||
non-cash restructuring expense | ||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations | 0 | 0 | 0 | -176,078,000 | -1,407,000 | |||||||||||||||||||||||||||||||||||
impairment loss on intangible asset | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 2,814,000 | 3,185,000 | 0 | 1,511,000 | 0 | |||||||||||||||||||||||||||||||||
loss on settlement of foreign currency forward contract | 0 | |||||||||||||||||||||||||||||||||||||||
unrealized currency losses | 28,000 | 45,000 | 46,000 | -431,000 | 87,000 | 12,000 | -1,042,000 | 582,000 | 86,000 | 261,000 | 218,000 | -120,000 | -64,000 | -473,000 | -198,000 | 204,000 | 891,000 | -318,000 | 197,000 | -292,000 | 1,209,000 | -605,000 | ||||||||||||||||||
proceeds from sale of discontinued operations | 0 | 0 | 0 | 403,992,000 | ||||||||||||||||||||||||||||||||||||
payment for settlement of foreign currency forward contract | 0 | 0 | 0 | -7,715,000 | ||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||
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 | 0 | 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 | 0 | 0 | -610,000 | 27,207,000 | ||||||||||||||||||||||||||||||||||||
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 | 0 | 0 | -1,755,000 | -1,950,000 | 0 | |||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||
loss on foreign currency forward contract | 0 | 7,715,000 | ||||||||||||||||||||||||||||||||||||||
assets acquired under capital leases | 15,472,000 | 8,907,000 | ||||||||||||||||||||||||||||||||||||||
impairment losses on right of use assets | ||||||||||||||||||||||||||||||||||||||||
payment of common stock issuance costs | 0 | |||||||||||||||||||||||||||||||||||||||
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 | 0 | ||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 13,062,000 | 5,730,000 | 3,392,000 | 2,679,000 | 5,520,000 | 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 | 0 | 4,580,000 | 727,000 | 1,000 | |||||||||||||||||||||||||||||||||||
other financing activities | 0 | |||||||||||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||
net loss | -3,674,000 | 10,631,000 | 762,000 | -11,161,000 | -10,387,000 | -36,729,000 | 379,000 | -6,835,000 | -14,793 | |||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||
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 | 0 | 0 | 0 | -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 | 0 | |||||||||||||||||||||||||||||||||||||||
acquisition of a business | 0 | -24,006,000 | ||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts | ||||||||||||||||||||||||||||||||||||||||
unrealized currency (gains) losses | ||||||||||||||||||||||||||||||||||||||||
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 | 278,000 | 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 | 277,264 | -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 | 0 | 0 | 188,063 | 0 | 1,007,861 | |||||||||||||||||||||||||||||||||||
cash at end of period | -9,164 | 15,201 | 7,289 | -157,366 | 728,509 | 1,750,000 | ||||||||||||||||||||||||||||||||||
1. | ||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses | 25,798 | 25,799 | ||||||||||||||||||||||||||||||||||||||
trust income retained in trust account | -1,096 | |||||||||||||||||||||||||||||||||||||||
6 | ||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operations | ||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued expenses | 124,843 | 10,889 | ||||||||||||||||||||||||||||||||||||||
trust income reinvested in trust | -526,144 | -230,730 | ||||||||||||||||||||||||||||||||||||||
cash flow from operating activities: | ||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||||
cash deposited in trust account | -500,000,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of public offering units | 500,000,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of private placement warrants | 9,750,000 | |||||||||||||||||||||||||||||||||||||||
payment of underwriting discounts | -8,000,000 | |||||||||||||||||||||||||||||||||||||||
increase in cash during period | ||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activities: | ||||||||||||||||||||||||||||||||||||||||
deferred underwriters’ commission | 19,500,000 | |||||||||||||||||||||||||||||||||||||||
accrued offering costs | 774,989 | |||||||||||||||||||||||||||||||||||||||
formation and offering costs paid by sponsor in exchange for founder shares | 25,000 | |||||||||||||||||||||||||||||||||||||||
46 | ||||||||||||||||||||||||||||||||||||||||
increases in prepaid costs | ||||||||||||||||||||||||||||||||||||||||
decreases in accounts payable and accrued expenses | ||||||||||||||||||||||||||||||||||||||||
proceeds from sale of private placement units | ||||||||||||||||||||||||||||||||||||||||
payments of underwriting discounts | ||||||||||||||||||||||||||||||||||||||||
(decrease)/increase in cash during period | ||||||||||||||||||||||||||||||||||||||||
supplemental schedule of non-cash financing activities; | ||||||||||||||||||||||||||||||||||||||||
formation and offering costs paid by sponsor in exchange for shares | ||||||||||||||||||||||||||||||||||||||||
4 | ||||||||||||||||||||||||||||||||||||||||
decreases in accounts payable | -1,878 | |||||||||||||||||||||||||||||||||||||||
formation expenses paid by sponsor | 5,000 | |||||||||||||||||||||||||||||||||||||||
net increase in cash | 1,750,000 | |||||||||||||||||||||||||||||||||||||||
assets: | ||||||||||||||||||||||||||||||||||||||||
restricted cash equivalents held in trust account | 500,001,096 |
