01—Abstract
Summary
Summary of the 10-K/A filed February 7, 2012. Cited figures are marked; the original filing is the authoritative source.
This filing represents an amendment to United Rentals, Inc.'s (URI) 2011 Form 10-K, primarily to furnish XBRL interactive data files.
As of December 31, 2011, United Rentals, Inc. operates as a large accelerated filer, indicating a substantial market presence. The amendment itself does not introduce new financial information or materially alter the disclosures made in the original 10-K filing dated January 25, 2012. Investors should refer to the original 10-K for detailed financial performance, business operations, and risk factors for the fiscal year ended December 31, 2011.
02—Key points
Key Highlights
- This filing is an amendment (10-K/A) to the original Form 10-K filed on January 25, 2012, for the fiscal year ended December 31, 2011.
- The primary purpose of this amendment is to provide XBRL interactive data files (Exhibit 101) for consolidated financial statements and related notes.
- United Rentals, Inc. is classified as a 'large accelerated filer', suggesting significant public float and adherence to rigorous reporting standards.
- The company is incorporated in Delaware, with its principal executive offices located in Greenwich, Connecticut.
- United Rentals, Inc.'s common stock is registered and traded on the New York Stock Exchange.
- The amendment explicitly states that no other changes or updates to the original 10-K disclosures have been made.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2011, United Rentals, Inc. kept $0.04.
- Revenue$2.61B100.0%
- Cost of revenue−$1.71B65.6%
- Gross profit$898.0M34.4%
- Operating costs−$502.0M19.2%
- Operating income$396.0M15.2%
- Interest, other & tax−$295.0M11.3%
- Net income$101.0M3.9%
Where FY2011 revenue went
$2.61B- Cost of revenue: $1.71B, 66% of revenue
- SG&A: $407.0M, 16% of revenue
- Net income: $101.0M, 3.9% of revenue
- Other operating costs: $95.0M, 3.6% of revenue
- Interest, other & tax: $295.0M, 11% of revenue
Kept 3.9% as net incomeNet income $101.0M · 3.9%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2011filed February 7, 2012Financial Statements
FY2011 against FY2010
| Line item | FY2011FY2010 | Change |
|---|---|---|
| Revenue | $2.61B$2.24B | +16.7% |
| Cost of Revenue | $1.71B$1.58B | +8.5% |
| Gross Profit | $898.00M$658.00M | +36.5% |
| SG&A Expenses | $407.00M$367.00M | +10.9% |
| Operating Income | $396.00M$197.00M | +101.0% |
| Net Income | $101.00M-$26.00M | +488.5% |
| EPS (Basic) | $1.62$-0.44 | +468.2% |
| EPS (Diluted) | $1.38$-0.44 | +413.6% |
| Shares Outstanding (Basic) | 62.18M60.45M | +2.9% |
| Shares Outstanding (Diluted) | 73.35M60.45M | +21.3% |
05—Questions
Frequently Asked Questions
What is the main purpose of this Amendment No. 1 to the 10-K filing?
The main purpose of this Amendment No. 1 is to provide the XBRL (Extensible Business Reporting Language) interactive data files for the company's consolidated financial statements, notes, and schedules, as required by the SEC. No new financial information or substantive updates to the original 10-K disclosures are being made.
What does it mean that United Rentals, Inc. is a 'large accelerated filer'?
Being a 'large accelerated filer' means that United Rentals, Inc. meets specific SEC criteria, including a minimum public float of $700 million or more as of the last business day of its most recently completed second fiscal quarter, and has been subject to the reporting requirements of the Securities Exchange Act of 1934 for at least 12 calendar months. This classification indicates the company is substantial in size and is subject to more frequent and detailed SEC reporting.
Should investors rely on this amendment for new financial performance data for 2011?
No, this amendment is strictly for the submission of XBRL data and does not contain any new financial information or alter the disclosures made in the original 10-K filing dated January 25, 2012. Investors should refer to the original 10-K filing for the complete financial performance and operational details for the fiscal year ended December 31, 2011.
06—Continue