01—Abstract
Summary
Summary of the 8-K filed July 19, 2011. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on July 19, 2011, to report its financial results for the quarter ended June 30, 2011.
The company issued a press release detailing these results, which is included as an exhibit. Additionally, the filing indicates that URI is providing certain business, financial results, and 2011 outlook information through investor presentations, accessible on its website.
This information includes non-GAAP financial measures like free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS, which the company believes offer useful insights into its performance and liquidity beyond traditional GAAP metrics. Reconciliations to GAAP measures are provided within these presentations.
02—Key points
Key Highlights
- United Rentals announced its financial results for the second quarter ended June 30, 2011, via a press release filed with the 8-K.
- The company is making additional business, financial results, and 2011 outlook information available to investors through presentations on its website (www.ur.com).
- The provided information includes several non-GAAP financial measures: free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- United Rentals emphasizes that these non-GAAP measures are intended to supplement, not replace, GAAP financial statements like net income and EPS.
- The company believes these non-GAAP measures offer valuable insights into operating performance, growth, and future profitability.
- Reconciliations between the non-GAAP measures and their corresponding GAAP figures are available in the investor presentations.
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' financial results for the quarter ended June 30, 2011, through an attached press release. It also serves to inform investors that additional forward-looking information and financial metrics are available on the company's website.
What are the 'non-GAAP financial measures' mentioned in the filing?
The non-GAAP financial measures highlighted are free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS. These are financial metrics that are not calculated in accordance with Generally Accepted Accounting Principles (GAAP) but are used by the company to provide additional perspectives on its financial performance and liquidity.
Why does United Rentals use non-GAAP financial measures?
United Rentals uses these non-GAAP measures because it believes they provide useful additional information for investors. Specifically, free cash flow is seen as indicative of cash available for debt and working capital, EBITDA and adjusted EBITDA offer insights into operating performance and growth, and adjusted EPS aims to reflect future profitability more clearly.
Where can I find the actual financial results for the quarter?
The detailed financial results for the quarter ended June 30, 2011, are presented in the press release attached as Exhibit 99.1 to this 8-K filing. Additional details and forward-looking information can also be found in investor presentations available on United Rentals' website at www.ur.com.
04—Continue