Herc Holdings Inc. (HRI) financial statements (2020 and earlier)

Company profile

Business Address 27500 RIVERVIEW CENTER BLVD
BONITA SPRINGS, FL 34134
State of Incorp. DE
Fiscal Year End December 31
SIC 735 - Miscellaneous Equipment Rental And Leasing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33284212486490423
Cash and cash equivalents33284212486490423
Receivables307332386301   
Inventory, net of allowances, customer advances and progress billings 182424516792
Inventory 182424516792
Assets held-for-sale, not part of disposal group31   135243
Other undisclosed current assets29222335   
Total current assets:400400475372672800516
Noncurrent Assets
Finance lease, right-of-use asset57
Operating lease, right-of-use asset207
Property, plant and equipment3122832862721,2481,3221,514
Intangible assets, net (including goodwill)3853853753955,1765,3685,276
Goodwill949191911,3541,3591,348
Intangible assets, net (excluding goodwill)2922942843043,8224,0093,928
Other noncurrent assets23383835   
Deferred tax assets, net 1    
Other undisclosed noncurrent assets2,4332,5052,3752,390   
Total noncurrent assets:3,4173,2103,0753,0926,4246,6906,790
Other undisclosed assets    16,26216,49517,283
TOTAL ASSETS:3,8173,6103,5503,46323,35823,98524,588
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities262269265227   
Accounts payable127147152139   
Accrued liabilities13612211378   
Taxes payable   10   
Debt30302516  5,050
Accrued environmental loss contingencies0      
Other undisclosed current liabilities30      
Total current liabilities:323299291243  5,050
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0522,1302,1372,179   
Finance lease, liability34
Operating lease, liability182
Other undisclosed long-term debt and lease obligation1,8352,1302,1372,179   
Liabilities, other than long-term debt49844499724   
Deferred tax liabilities, net 463692   
Deferred income tax liabilities459
Liability for uncertainty in income taxes  0    
Other liabilities39443632   
Other undisclosed noncurrent liabilities300565113    
Total noncurrent liabilities:2,8502,7382,7492,903   
Other undisclosed liabilities    21,33921,52116,767
Total liabilities:3,1733,0383,0393,14621,33921,52121,817
Stockholders' equity
Stockholders' equity attributable to parent, including:6445735103182,7112,5512,859
Common stock0000455
Treasury stock, value(692)(692)(692)(692)(692)(87)(88)
Additional paid in capital1,7971,7781,7631,7533,3433,3253,226
Accumulated other comprehensive income (loss)(110)(122)(99)(119)(245)(115)7
Accumulated deficit(351)(391)(462)(625)(391)(664)(379)
Other undisclosed stockholders' equity attributable to parent    6928788
Other undisclosed stockholders' equity    (692)(87)(88)
Total stockholders' equity:6445735103182,0192,4642,771
TOTAL LIABILITIES AND EQUITY:3,8173,6103,5503,46323,35823,98524,588

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,9991,9771,7551,55510,53511,04610,772
Revenue, net1,7551,555583568527
Operating leases, income statement, lease revenue1,658
Cost of revenue
(Cost of Goods and Services Sold)
(771)(1,176)(761)(709)(8,510)(9,101)(8,160)
Gross profit:1,2288009938462,0251,9452,612
Operating expenses(413)(428)(454)(367)(1,045)(1,763)(1,484)
Operating income:8153735394799801821,128
Nonoperating income (expense)3122(19)55(152)(134)
Gain (loss) on sale of leased assets, net, operating leases012(1)(22)(76)(167)(37)
Other nonoperating income (expense)203213115(105)
Interest and debt expense(7)(1)(6)(6)(61)(58)(751)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(747)(315)(599)(459)(633)5420
Income (loss) from continuing operations before equity method investments, income taxes:6469(64)(5)341(23)663
Income from equity method investments0222  2
Other undisclosed loss from continuing operations before income taxes(0)(2)(2)(2)   
Income (loss) from continuing operations before income taxes:6469(64)(5)341(23)665
Income tax expense (benefit)(16)0225(15)(68)(59)(317)
Income (loss) before gain (loss) on sale of properties:4869160(20)273(82)348
Other undisclosed net loss      (2)
Net income (loss) available to common stockholders, basic:4869160(20)273(82)346
Interest on convertible debt      8
Net income (loss) available to common stockholders, diluted:4869160(20)273(82)354

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):4869160(20)273(82)346
Other comprehensive income (loss)13(22)2017(130)(121)34
Comprehensive income (loss), net of tax, attributable to parent:6048180(3)143(203)380

Statements sources

The financial statements are based on the company's filings with the 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.

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