Summary
United Rentals, Inc. (URI) filed an 8-K on January 21, 2015, to report its financial results for the quarter and year ended December 31, 2014. The company also disclosed that information concerning its business, financial results, and 2015 outlook would be available on its website for investor presentations. Key to this filing is the disclosure of non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. The company provided definitions and reconciliations for these measures, emphasizing their utility in assessing operating performance and liquidity. Investors should note that these non-GAAP figures are presented as supplemental information and are not replacements for GAAP-based financial metrics.
Key Highlights
- 1United Rentals reported its financial results for the quarter and year ended December 31, 2014, via a press release furnished with the 8-K.
- 2The company is providing an updated 2015 outlook and business information through investor presentations accessible on its website.
- 3The filing defines and details several non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- 4Reconciliations between these non-GAAP measures and their closest GAAP equivalents are provided.
- 5United Rentals believes these non-GAAP measures offer valuable insights into operating performance and cash flow availability.
- 6These non-GAAP measures are presented as supplementary information and not as alternatives to GAAP-based financial metrics.