H&E Equipment Services Inc. (HEES) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
7500 PECUE LANE BATON ROUGE, LA 70809 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 735 - Miscellaneous Equipment Rental And Leasing (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9 | 81 | 357 | 311 | 14 | 17 | |||
| Cash and cash equivalents | 9 | 81 | 357 | 311 | 14 | 17 | |||
| Receivables | 247 | 225 | 157 | 179 | 192 | 202 | |||
| Inventory, net of allowances, customer advances and progress billings | 110 | 108 | 75 | 72 | 85 | 105 | |||
| Inventory | 110 | 108 | 75 | 72 | 85 | 105 | |||
| Total current assets: | 366 | 414 | 590 | 562 | 292 | 323 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 3 | 2 | 0 | 0 | ✕ | ||||
| Operating lease, right-of-use asset | 177 | 165 | 151 | 162 | 157 | ✕ | |||
| Property, plant and equipment | 184 | 135 | 112 | 117 | 131 | 115 | |||
| Intangible assets, net (including goodwill) | 141 | 135 | 88 | 98 | 164 | 134 | |||
| Goodwill | 108 | 103 | 63 | 69 | 131 | 106 | |||
| Intangible assets, net (excluding goodwill) | 33 | 33 | 25 | 29 | 33 | 28 | |||
| Total noncurrent assets: | 504 | 436 | 352 | 377 | 452 | 249 | |||
| Other undisclosed assets | 1,770 | 1,441 | 1,139 | 1,041 | 1,231 | 1,155 | |||
| TOTAL ASSETS: | 2,640 | 2,292 | 2,080 | 1,980 | 1,975 | 1,727 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 318 | 271 | 201 | 171 | |||||
| Deferred income tax liabilities | 318 | 271 | 201 | 171 | ✕ | ||||
| Total noncurrent liabilities: | 318 | 271 | 201 | 171 | |||||
| Other undisclosed liabilities | 1,788 | 1,619 | 1,576 | 1,571 | 1,667 | 1,470 | |||
| Total liabilities: | 2,106 | 1,891 | 1,777 | 1,742 | 1,667 | 1,470 | |||
| Equity | |||||||||
| Equity, attributable to parent | 534 | 401 | 303 | 238 | 308 | 257 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (76) | (70) | (68) | (66) | (65) | (63) | |||
| Additional paid in capital | 262 | 252 | 245 | 240 | 236 | 231 | |||
| Retained earnings | 348 | 219 | 127 | 64 | 136 | 88 | |||
| Total equity: | 534 | 401 | 303 | 238 | 308 | 257 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,640 | 2,292 | 2,080 | 1,980 | 1,975 | 1,727 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,469 | 1,245 | 1,063 | 1,169 | 1,348 | 1,239 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (785) | (689) | (647) | (767) | (849) | (800) | ||
| Gross profit: | 684 | 555 | 415 | 403 | 499 | 439 | ||
| Operating expenses | (411) | (344) | (291) | (341) | (319) | (271) | ||
| Other undisclosed operating income (loss) | 3 | 17 | 8 | (0) | (1) | |||
| Operating income: | 277 | 228 | 132 | 62 | 180 | 167 | ||
| Nonoperating expense | (54) | (47) | (51) | (103) | (64) | (62) | ||
| Interest and debt expense | (61) | (54) | (54) | (45) | (68) | (64) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 162 | 127 | 28 | (86) | 48 | 41 | ||
| Other undisclosed income from continuing operations before income taxes | 61 | 54 | 54 | 45 | 68 | 64 | ||
| Income (loss) from continuing operations before income taxes: | 223 | 181 | 82 | (41) | 116 | 105 | ||
| Income tax expense (benefit) | (54) | (47) | (21) | 9 | (29) | (28) | ||
| Income (loss) from continuing operations: | 169 | 134 | 61 | (33) | 87 | 77 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 103 | (33) | 87 | 77 | |
| Income (loss) from discontinued operations | (2) | 42 | ||||||
| Net income (loss) available to common stockholders, diluted: | 169 | 132 | 103 | (33) | 87 | 77 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 169 | 132 | 103 | (33) | 87 | 77 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 169 | 132 | 103 | (33) | 87 | 77 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.