01—Abstract
Summary
Summary of the 8-K filed October 17, 2012. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on October 17, 2012, to report its financial results for the quarter ended September 30, 2012, via an attached press release (Exhibit 99.1).
The filing also indicated that additional business and financial information, including a 2012 outlook, would be available on the company's website for investor meetings. Notably, the company detailed several non-GAAP financial measures used in its presentations, including free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
These measures are presented with reconciliations to GAAP, and the company asserts their usefulness in providing insights into operating performance, growth, and profitability, while acknowledging they are not direct substitutes for GAAP measures. Investors should review the press release for specific financial performance details and the company's website for further forward-looking information.
02—Key points
Key Highlights
- United Rentals (URI) filed an 8-K on October 17, 2012, reporting Q3 2012 financial results via an attached press release.
- The filing provides details on the company's use of non-GAAP financial measures: free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- URI emphasizes the utility of these non-GAAP measures for understanding operating performance and profitability, providing reconciliations to GAAP.
- Additional business and financial information, including the 2012 outlook, is available on the company's website for investor presentations.
- The company views free cash (usage) flow as a measure of cash available for debt obligations and working capital.
- EBITDA and adjusted EBITDA are presented as indicators of operating performance and growth.
- Adjusted EPS is offered as a metric for future profitability insights.
03—Questions
Frequently Asked Questions
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report United Rentals, Inc.'s results of operations for the quarter ended September 30, 2012, by attaching their earnings press release (Exhibit 99.1).
What non-GAAP financial measures does United Rentals discuss in this filing?
The filing discusses several non-GAAP financial measures, including free cash (usage) flow, EBITDA, adjusted EBITDA, and adjusted earnings per share (adjusted EPS). These are presented to offer additional insights into the company's performance.
Where can investors find more detailed financial information and outlook beyond this 8-K?
Beyond the 8-K, investors can access certain financial information concerning the company's business, financial results, and 2012 outlook on United Rentals' website (www.ur.com), particularly for use in investor meetings and presentations.
Why does United Rentals use non-GAAP financial measures?
United Rentals believes these non-GAAP measures provide useful additional information about operating performance, period-over-period growth, and future profitability that may not be as apparent from GAAP measures alone. They are intended to supplement, not replace, GAAP financial reporting.
04—Continue