United Rentals, Inc.

NYSE-URI

Operating Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Net Income	1,140	1,397	1,178	1,382	1,042	1,245
Net Income
Depreciation & Amortization	1,510	1,500	1,403	1,392	1,389	1,137
Depreciation and Amortization
Share-Based Compensation Expense	70	57	55	45	49	67
Stock Compensation Expense, Net
Other Adjustments	-362	-364	-414	-432	-336	106
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	5	-86	66	-52	-115	-270
Change in Accounts Receivable
Changes in Inventories	-41	22	-7	14	5	11
Change in Inventory
Changes in Accounts Payable	529	-453	250	-250	205	53
Change in Accounts Payable
Changes in Accrued Expenses	16	116	-147	230	-145	247
Change in Accrued Expenses and Other Liabilities
Changes in Other Operating Activities	-114	63	-90	147	134	-203
Change in Prepaid Expenses and Other Assets
Cash from Operating Activities	2,753	2,252	2,294	2,476	2,228	2,393
Net Cash Provided by Operating Activities

Investing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Capital Expenditure	-2,303	-2,096	-2,031	-1,843	-2,227	-2,213
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	725	810	778	836	798	605
Proceeds from Sales of Rental Equipment
Proceeds from Sales of Non-Rental Equipment
Purchases of Investments	-1	-2	-3	-4	—	-3
Purchases of Investments
Payments for Business Acquisitions	-16	-421	-1,234	-156	-418	-2,028
Purchases of Other Companies, Net of Cash Acquired
Other Investing Activities	23	27	24	19	19	15
Insurance Proceeds from Damaged Equipment
Cash from Investing Activities	-1,572	-1,682	-2,466	-1,148	-1,828	-3,624
Net Cash Provided by Investing Activities

Financing Activities	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Issuance of Long-Term Debt	4,829	4,698	6,911	4,088	4,488	6,646
Proceeds from Debt
Repayments of Long-Term Debt	-4,952	-4,264	-5,597	-4,567	-4,007	-5,108
Payments of Debt
Net Issuance / (Repayments) of Long-Term Debt	-123	434	1,314	-479	481	1,538
Issuance of Common Shares	—	—	—	—	—	—
Proceeds from the Exercise of Common Stock Options
Repurchases of Common Shares	-720	-780	-791	-516	-554	-249
Common Stock Repurchased, Including Tax Withholdings for Share Based Compensation
Net Issuance / (Repurchases) of Common Shares	-720	-780	-791	-516	-554	-249
Common Share Dividends Paid	-235	-215	-219	-201	-205	—
Dividends Paid
Other Financing Activities	-37	—	-17	—	—	-15
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	-1,115	-561	287	-1,196	-278	1,274
Net Cash Provided by Financing Activities