01—Abstract
Summary
Summary of the 8-K filed February 4, 2010. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. filed an 8-K report on February 4, 2010, primarily to disclose its fourth quarter and full-year 2009 financial results, reported via a press release as Exhibit 99.1.
The company also indicated that information regarding its business, financial results, and 2010 outlook, intended for investor meetings, was made available on its website. This additional information includes non-GAAP financial measures such as free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company believes offer valuable insights into its operational performance and future profitability, alongside GAAP measures.
02—Key points
Key Highlights
- United Rentals reported its financial results for the quarter and year ended December 31, 2009, through a press release.
- The company is providing investors with a 2010 outlook and other business/financial information on its website.
- The disclosed information includes non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- Free cash flow is defined as operating cash flow less equipment purchases plus equipment sales and excess tax benefits.
- EBITDA is calculated as net income plus interest, taxes, depreciation, and amortization.
- Adjusted EBITDA and Adjusted EPS are provided to offer further insights into operational performance and profitability.
- The company emphasizes that these non-GAAP measures should be considered alongside, not as replacements for, GAAP financial indicators.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to officially report United Rentals, Inc.'s financial results for the fourth quarter and full year ended December 31, 2009, via an accompanying press release. It also serves to inform investors that additional business and financial outlook information for 2010 is available on the company's website.
What non-GAAP financial measures are being highlighted by United Rentals?
United Rentals is highlighting several non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (EPS). The company believes these measures provide useful insights into its operational performance and financial condition.
Where can I find the detailed financial results and 2010 outlook?
The detailed financial results for the quarter and year ended December 31, 2009, are presented in the press release filed as Exhibit 99.1 to this 8-K. Information regarding the company's business, financial results, and 2010 outlook, intended for investor meetings, is available on United Rentals' website at www.ur.com.
How does United Rentals define free cash flow?
United Rentals defines free cash flow as net cash provided by operating activities, less purchases of rental and non-rental equipment, plus proceeds from sales of rental and non-rental equipment and excess tax benefits from share-based payment arrangements.
04—Continue