United Rentals, Inc.

NYSE-URI

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	2,530	2,537	2,551	2,575	2,565	2,560
Net Income
Depreciation & Amortization	3,065	3,010	2,968	2,903	2,838	2,795
Depreciation and Amortization
Share-Based Compensation Expense	135	127	120	112	101	100
Stock Compensation Expense, Net
Other Adjustments	-430	-725	-744	-778	-850	-846
Amortization of Deferred Financing Costs and Original Issue Discounts
Gain on Sales of Rental Equipment
Gain on Sales of Non-Rental Equipment
Insurance Proceeds from Damaged Equipment
Merger Related Costs
Restructuring Charge
Debt Related Activity
Excess Tax Benefits from Share-Based Payment Arrangements
Change in Deferred Taxes
Changes in Trade Receivables	-177	-81	-56	-20	36	14
Change in Accounts Receivable
Changes in Inventories	-23	-19	-9	15	2	7
Change in Inventory
Changes in Accounts Payable	-17	76	104	-203	122	—
Change in Accounts Payable
Changes in Accrued Expenses	85	132	-17	-31	44	83
Change in Accrued Expenses and Other Liabilities
Changes in Other Operating Activities	-185	-51	25	-27	54	57
Change in Prepaid Expenses and Other Assets
Cash from Operating Activities	4,982	5,005	4,942	4,546	4,912	4,770
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-4,532	-4,399	-4,303	-4,127	-4,169	-3,874
Purchases of Rental Equipment
Payments for Purchases of Rental Equipment
Payments for Purchases of Non-Rental Equipment and Intangible Assets
Proceeds from Sale of Property, Plant & Equipment	1,540	1,535	1,583	1,588	1,571	1,614
Proceeds from Sales of Rental Equipment
Proceeds from Sales of Non-Rental Equipment
Purchases of Investments	-3	-3	-4	-5	-8	-7
Purchases of Investments
Payments for Business Acquisitions	-335	-437	-554	-1,655	-1,510	-1,390
Purchases of Other Companies, Net of Cash Acquired
Other Investing Activities	49	50	49	51	46	43
Insurance Proceeds from Damaged Equipment
Cash from Investing Activities	-3,281	-3,254	-3,229	-4,148	-4,070	-3,614
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	9,347	9,527	9,098	11,609	11,587	10,999
Proceeds from Debt
Repayments of Long-Term Debt	-8,759	-9,216	-8,754	-9,861	-10,363	-10,164
Payments of Debt
Net Issuance / (Repayments) of Long-Term Debt	588	311	344	1,748	1,224	835
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from the Exercise of Common Stock Options
Repurchases of Common Shares	-1,741	-1,500	-1,445	-1,571	-1,432	-1,307
Common Stock Repurchased, Including Tax Withholdings for Share Based Compensation
Net Issuance / (Repurchases) of Common Shares	-1,741	-1,500	-1,445	-1,571	-1,432	-1,307
Common Share Dividends Paid	-458	-450	-442	-434	-427	-420
Dividends Paid
Other Financing Activities	-23	-14	-14	-17	-17	-17
Payment of Contingent Consideration
Payments of Financing and Other Debt Related Costs
Cash Received in Connection with the 4 Percent Convertible Senior Notes and Related Hedge, Net
Excess Tax Benefits from Share-Based Payment Arrangements
Cash from Financing Activities	-1,657	-1,676	-1,580	-274	-652	-909
Net Cash Provided by Financing Activities