United Rentals, Inc. (URI) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
United Rentals, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,284,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,615,000,000.00Increase in accounts payable → Operating adjustments reconciliation: $623,000,000.00Increase (decrease) in deferred taxes → Operating adjustments reconciliation: $220,000,000.00Increase in accrued expenses and other liabilities → Operating adjustments reconciliation: $114,000,000.00Stock compensation expense, net → Operating adjustments reconciliation: $79,000,000.00Restructuring charge → Operating adjustments reconciliation: $51,000,000.00Decrease (increase) in prepaid expenses and other assets → Operating adjustments reconciliation: $30,000,000.00Amortization of deferred financing costs and original issue discounts → Operating adjustments reconciliation: $8,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,021,000,000.00Operating adjustments reconciliation → Gain on sales of rental equipment: $314,000,000.00Operating adjustments reconciliation → (Increase) decrease in accounts receivable: $272,000,000.00Operating adjustments reconciliation → Increase in inventory: $54,000,000.00Operating adjustments reconciliation → Gain on sale of business: $49,000,000.00Operating adjustments reconciliation → Insurance proceeds from damaged equipment: $23,000,000.00Operating adjustments reconciliation → Gain on sales of non-rental equipment: $7,000,000.00Proceeds from sales of rental equipment → investing reconciliation: $680,000,000.00Proceeds from sale of business → investing reconciliation: $82,000,000.00Proceeds from sales of non-rental equipment → investing reconciliation: $26,000,000.00Insurance proceeds from damaged equipment → investing reconciliation: $23,000,000.00Proceeds from sales of investments → investing reconciliation: $3,000,000.00investing reconciliation → Payments for purchases of rental equipment: $2,720,000,000.00investing reconciliation → Purchases of other companies, net of cash acquired: $400,000,000.00investing reconciliation → Payments for purchases of non-rental equipment and intangible assets: $165,000,000.00Net cash used in financing activities → financing reconciliation: $1,174,000,000.00Proceeds from debt → financing reconciliation: $4,503,000,000.00financing reconciliation → Payments of debt: $4,594,000,000.00financing reconciliation → Common stock repurchased, including tax withholdings for share-based compensation: $816,000,000.00financing reconciliation → Dividends paid: $248,000,000.00financing reconciliation → Payment of contingent consideration: $18,000,000.00financing reconciliation → Payments of financing and other debt related costs: $1,000,000.00Net cash used in investing activities → investing reconciliation: $2,471,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $459,000,000.00Net cash from operating activities → Cash sources and uses: $3,305,000,000.00Cash sources and uses → Exchange-rate effect: $7,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $112,000,000.00Cash sources and uses → Net cash used in investing activities: $2,471,000,000.00Cash sources and uses → Net cash used in financing activities: $1,174,000,000.00Net income: $1,284,000,000.00Net income+$1.28 BDepreciation and amortization: $1,615,000,000.00Depreciation and amortization+$1.62 BAmortization of deferred financing costs and original issue discounts: $8,000,000.00Debt cost amortization+$8.00 MGain on sales of rental equipment: -$314,000,000.00Rental equipment sale gain−$314.00 MGain on sales of non-rental equipment: -$7,000,000.00PP&E disposal gain & loss−$7.00 MGain on sale of business: -$49,000,000.00Business sale gain & loss−$49.00 MInsurance proceeds from damaged equipment: -$23,000,000.00Litigation gain & loss−$23.00 MStock compensation expense, net: $79,000,000.00Stock-based compensation+$79.00 MRestructuring charge: $51,000,000.00Restructuring charges+$51.00 MDebt related activity: $0.00Increase (decrease) in deferred taxes: $220,000,000.00Deferred income taxes+$220.00 M(Increase) decrease in accounts receivable: -$272,000,000.00Accounts receivable−$272.00 MIncrease in inventory: -$54,000,000.00Inventories−$54.00 MDecrease (increase) in prepaid expenses and other assets: $30,000,000.00Prepaid & other assets+$30.00 MIncrease in accounts payable: $623,000,000.00Accounts payable+$623.00 MIncrease in accrued expenses and other liabilities: $114,000,000.00Accrued liabilities+$114.00 MNet cash from operating activities: $3,305,000,000.00Operating cash+$3.31 BOperating adjustments reconciliation: $2,740,000,000.00Proceeds from debt: $4,503,000,000.00Debt issued+$4.50 BPayments of financing and other debt related costs: -$1,000,000.00Financing costs paid−$1.00 MPayments of debt: -$4,594,000,000.00Debt & lease obligations repaid−$4.59 BPayment of contingent consideration: -$18,000,000.00Contingent consideration paid−$18.00 MCommon stock repurchased, including tax withholdings for share-based compensation: -$816,000,000.00Common stock repurchases−$816.00 MDividends paid: -$248,000,000.00Dividends paid−$248.00 MNet cash used in financing activities: -$1,174,000,000.00. Cash required to fund net payments.Financing cash−$1.17 Bfinancing reconciliation: $5,677,000,000.00Payments for purchases of rental equipment: -$2,720,000,000.00Rental equipment purchases−$2.72 BPayments for purchases of non-rental equipment and intangible assets: -$165,000,000.00Non-rental & intangible purchases−$165.00 MProceeds from sales of rental equipment: $680,000,000.00Rental equipment sales+$680.00 MProceeds from sales of non-rental equipment: $26,000,000.00PP&E sales+$26.00 MInsurance proceeds from damaged equipment: $23,000,000.00Insurance proceeds+$23.00 MPurchases of other companies, net of cash acquired: -$400,000,000.00Acquisitions, net of cash−$400.00 MProceeds from sale of business: $82,000,000.00Business sales+$82.00 MPurchases of investments: $0.00Proceeds from sales of investments: $3,000,000.00Investment sales & maturities+$3.00 MNet cash used in investing activities: -$2,471,000,000.00. Cash required to fund net payments.Investing cash−$2.47 Binvesting reconciliation: $3,285,000,000.00Cash sources and uses: $3,764,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $459,000,000.00Beginning cash$459.00 MEnding cash: Cash, cash equivalents, and restricted cash: $112,000,000.00Ending cash$112.00 MExchange-rate effect: -$7,000,000.00FX effect−$7.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flowNot availableCash flow / Net income2.57×Operating cash flow ÷ net incomeNet cash change−$347.00 MEnding cash − beginning cash
Chart details

United Rentals, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
459,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
3,305,000,000 US dollars. Net cash provided.
Net income
1,284,000,000 US dollars
Depreciation and amortization
1,615,000,000 US dollars
Amortization of deferred financing costs and original issue discounts
8,000,000 US dollars
Gain on sales of rental equipment
negative 314,000,000 US dollars
Gain on sales of non-rental equipment
negative 7,000,000 US dollars
Gain on sale of business
negative 49,000,000 US dollars
Insurance proceeds from damaged equipment
negative 23,000,000 US dollars
Stock compensation expense, net
79,000,000 US dollars
Restructuring charge
51,000,000 US dollars
Debt related activity
0 US dollars
Increase (decrease) in deferred taxes
220,000,000 US dollars
(Increase) decrease in accounts receivable
negative 272,000,000 US dollars
Increase in inventory
negative 54,000,000 US dollars
Decrease (increase) in prepaid expenses and other assets
30,000,000 US dollars
Increase in accounts payable
623,000,000 US dollars
Increase in accrued expenses and other liabilities
114,000,000 US dollars
Investing activities
negative 2,471,000,000 US dollars. Net cash used.
Payments for purchases of rental equipment
negative 2,720,000,000 US dollars
Payments for purchases of non-rental equipment and intangible assets
negative 165,000,000 US dollars
Proceeds from sales of rental equipment
680,000,000 US dollars
Proceeds from sales of non-rental equipment
26,000,000 US dollars
Insurance proceeds from damaged equipment
23,000,000 US dollars
Purchases of other companies, net of cash acquired
negative 400,000,000 US dollars
Proceeds from sale of business
82,000,000 US dollars
Purchases of investments
0 US dollars
Proceeds from sales of investments
3,000,000 US dollars
Financing activities
negative 1,174,000,000 US dollars. Net cash used.
Proceeds from debt
4,503,000,000 US dollars
Payments of financing and other debt related costs
negative 1,000,000 US dollars
Payments of debt
negative 4,594,000,000 US dollars
Payment of contingent consideration
negative 18,000,000 US dollars
Common stock repurchased, including tax withholdings for share-based compensation
negative 816,000,000 US dollars
Dividends paid
negative 248,000,000 US dollars
Operating adjustment reconciliation
2,740,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,677,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
3,285,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 7,000,000 US dollars
Ending cash on Jun 30, 2026
112,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,764,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 347,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.57×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.02B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
United Rentals, Inc. (URI) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!