01—Abstract
Summary
Summary of the 8-K filed January 28, 2016. Cited figures are marked; the original filing is the authoritative source.
United Rentals, Inc. (URI) filed an 8-K on January 27, 2016, to report its financial results for the quarter and year ended December 31, 2015, via a press release furnished as Exhibit 99.1.
Additionally, the company announced that information regarding its business, financial results, and 2016 outlook, intended for investor meetings, is available on its website. The company also provided definitions and rationale for using several non-GAAP financial measures, including free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS. URI believes these measures offer valuable insights into operating performance, cash flow, and profitability beyond traditional GAAP metrics, enabling investors to better assess the company's performance and financial health.
02—Key points
Key Highlights
- United Rentals (URI) released its Q4 and full-year 2015 financial results on January 27, 2016, via an 8-K filing.
- The filing includes a press release with detailed financial performance for the period ending December 31, 2015.
- URI is making additional business and financial outlook information for 2016 available on its corporate website.
- The company emphasizes the use of non-GAAP financial measures: free cash flow, EBITDA, adjusted EBITDA, and adjusted EPS.
- URI provides justifications for using these non-GAAP measures, stating they offer useful insights into operating performance and cash flow.
- Reconciliations of these non-GAAP measures to their nearest GAAP equivalents are included in the supplemental information.
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' financial results for the quarter and year ended December 31, 2015, and to provide investors with access to additional information regarding the company's business, financial results, and 2016 outlook.
What non-GAAP financial measures does United Rentals highlight in this filing?
United Rentals highlights free cash flow, earnings before interest, taxes, depreciation and amortization (EBITDA), adjusted EBITDA, and adjusted earnings per share (adjusted EPS).
Why does United Rentals use non-GAAP financial measures?
The company uses these non-GAAP measures because it believes they provide useful additional information concerning operating performance, cash flow available for debt service and working capital, and future profitability, offering a more comprehensive view beyond standard GAAP metrics.
Where can investors find the detailed financial results and outlook information?
The detailed financial results are provided in a press release furnished as Exhibit 99.1 with the 8-K filing. Further information concerning the business, financial results, and 2016 outlook is accessible on United Rentals' corporate website, www.unitedrentals.com.
04—Continue