Summary
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.
Key Highlights
- 1United Rentals reported its financial results for the quarter and year ended December 31, 2009, through a press release.
- 2The company is providing investors with a 2010 outlook and other business/financial information on its website.
- 3The disclosed information includes non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Free cash flow is defined as operating cash flow less equipment purchases plus equipment sales and excess tax benefits.
- 5EBITDA is calculated as net income plus interest, taxes, depreciation, and amortization.
- 6Adjusted EBITDA and Adjusted EPS are provided to offer further insights into operational performance and profitability.
- 7The company emphasizes that these non-GAAP measures should be considered alongside, not as replacements for, GAAP financial indicators.