Herc Holdings Inc. (HRI) financial statements (2022 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 35 | 33 | 33 | 28 | 42 | 12 | 486 | ||
| Cash and cash equivalents | 35 | 33 | 33 | 28 | 42 | 12 | 486 | ||
| Receivables | 388 | 301 | 307 | 332 | 386 | 301 | |||
| Inventory, net of allowances, customer advances and progress billings | 18 | 24 | 24 | 51 | |||||
| Inventory | 18 | 24 | 24 | 51 | |||||
| Contract with customer, asset | 11 | 14 | ✕ | ✕ | ✕ | ||||
| Assets held-for-sale, not part of disposal group | 31 | 135 | |||||||
| Other undisclosed current assets | 35 | 19 | 29 | 22 | 23 | 35 | |||
| Total current assets: | 470 | 367 | 400 | 400 | 475 | 372 | 672 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 52 | 41 | 57 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 414 | 256 | 207 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 308 | 290 | 312 | 283 | 286 | 272 | 1,248 | ||
| Intangible assets, net (including goodwill) | 620 | 396 | 385 | 385 | 375 | 395 | 5,176 | ||
| Goodwill | 232 | 101 | 94 | 91 | 91 | 91 | 1,354 | ||
| Intangible assets, net (excluding goodwill) | 389 | 296 | 292 | 294 | 284 | 304 | 3,822 | ||
| Other noncurrent assets | 13 | 18 | 23 | 38 | 38 | 35 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 1 | |||||
| Other undisclosed noncurrent assets | 2,613 | 2,220 | 2,433 | 2,505 | 2,375 | 2,390 | |||
| Total noncurrent assets: | 4,021 | 3,221 | 3,417 | 3,210 | 3,075 | 3,092 | 6,424 | ||
| Other undisclosed assets | 16,262 | ||||||||
| TOTAL ASSETS: | 4,490 | 3,588 | 3,817 | 3,610 | 3,550 | 3,463 | 23,358 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 476 | 280 | 262 | 269 | 265 | 227 | |||
| Accounts payable | 281 | 126 | 127 | 147 | 152 | 139 | |||
| Accrued liabilities | 195 | 154 | 136 | 122 | 113 | 78 | |||
| Taxes payable | 10 | ||||||||
| Debt | 15 | 16 | 30 | 30 | 25 | 16 | |||
| Accrued environmental loss contingencies | 0 | ||||||||
| Other undisclosed current liabilities | 39 | 32 | 30 | ||||||
| Total current liabilities: | 530 | 328 | 323 | 299 | 291 | 243 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,916 | 1,652 | 2,052 | 2,130 | 2,137 | 2,179 | |||
| Finance lease, liability | 41 | 29 | 34 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 387 | 234 | 182 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 1,488 | 1,389 | 1,835 | 2,130 | 2,137 | 2,179 | |||
| Liabilities, other than long-term debt | 569 | 518 | 498 | 44 | 499 | 724 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 463 | 692 | ||||
| Deferred income tax liabilities | 537 | 474 | 459 | ✕ | ✕ | ✕ | ✕ | ||
| Liability for uncertainty in income taxes | 0 | ||||||||
| Other liabilities | 32 | 44 | 39 | 44 | 36 | 32 | |||
| Other undisclosed noncurrent liabilities | 499 | 349 | 300 | 565 | 113 | ||||
| Total noncurrent liabilities: | 2,984 | 2,518 | 2,850 | 2,738 | 2,749 | 2,903 | |||
| Other undisclosed liabilities | 21,339 | ||||||||
| Total liabilities: | 3,514 | 2,846 | 3,173 | 3,038 | 3,039 | 3,146 | 21,339 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 977 | 742 | 644 | 573 | 510 | 318 | 2,711 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 4 | ||
| Treasury stock, value | (692) | (692) | (692) | (692) | (692) | (692) | (692) | ||
| Additional paid in capital | 1,822 | 1,818 | 1,797 | 1,778 | 1,763 | 1,753 | 3,343 | ||
| Accumulated other comprehensive loss | (100) | (107) | (110) | (122) | (99) | (119) | (245) | ||
| Accumulated deficit | (53) | (278) | (351) | (391) | (462) | (625) | (391) | ||
| Other undisclosed stockholders' equity attributable to parent | 692 | ||||||||
| Other undisclosed stockholders' equity | (692) | ||||||||
| Total stockholders' equity: | 977 | 742 | 644 | 573 | 510 | 318 | 2,019 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,490 | 3,588 | 3,817 | 3,610 | 3,550 | 3,463 | 23,358 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,073 | 1,781 | 1,999 | 1,977 | 1,755 | 1,555 | 10,535 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,755 | 1,555 | 583 | |
| Operating lease, lease income | 1,910 | 1,544 | ✕ | ✕ | ✕ | ✕ | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 1,658 | ✕ | ✕ | ✕ | |
| Cost of revenue (Cost of Goods and Services Sold) | (850) | (689) | (771) | (1,176) | (761) | (709) | (8,510) | |
| Gross profit: | 1,223 | 1,092 | 1,228 | 800 | 993 | 846 | 2,025 | |
| Operating expenses | (314) | (363) | (413) | (428) | (454) | (367) | (1,045) | |
| Operating income: | 909 | 730 | 815 | 373 | 539 | 479 | 980 | |
| Nonoperating income (expense) | 2 | (9) | 3 | 12 | 2 | (19) | 55 | |
| Gain (loss) on sale of leased assets, net, operating leases | (5) | 0 | 12 | (1) | (22) | (76) | ||
| Other nonoperating income (expense) | 2 | (4) | 2 | 0 | 3 | 2 | 131 | |
| Interest and debt expense | (86) | (93) | (7) | (1) | (6) | (6) | (61) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (534) | (747) | (315) | (599) | (459) | (633) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 825 | 94 | 64 | 69 | (64) | (5) | 341 | |
| Income from equity method investments | 0 | 2 | 2 | 2 | ||||
| Other undisclosed loss from continuing operations before income taxes | (534) | (0) | (2) | (2) | (2) | |||
| Income (loss) from continuing operations before income taxes: | 290 | 94 | 64 | 69 | (64) | (5) | 341 | |
| Income tax expense (benefit) | (66) | (20) | (16) | 0 | 225 | (15) | (68) | |
| Net income (loss) available to common stockholders, diluted: | 224 | 74 | 48 | 69 | 160 | (20) | 273 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 224 | 74 | 48 | 69 | 160 | (20) | 273 | |
| Other comprehensive income (loss) | 7 | 3 | 13 | (22) | 20 | 17 | (130) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 231 | 76 | 60 | 48 | 180 | (3) | 143 | |
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.