United Rentals (URI) FY2021 results: revenue $9.7 billion, up 13.9% on the year
United Rentals, Inc. (URI) reported revenue of $9.7 billion for fiscal 2021, the year ended 31 December 2021, up 13.9% on the year before. Net income was $1.4 billion, up 55.7%, and diluted earnings per share $19.04. The figures are the company's own, from the 10-K it filed with the SEC on 26 January 2022.
Revenue
$9.7 billion
+13.9% on the year
FY2014FY2021
Operating margin
23.4%
21.1% a year earlier
FY2014FY2021
Net income
$1.4 billion
+55.7% on the year
FY2014FY2021
Diluted EPS
$19.04
+56.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
3,689
2,658
3,024
+38.8%
Capital expenditure
3,198
197
218
+1,523.4%
Free cash flow
491
2,461
2,806
-80.0%
Free cash flow margin
5.1%
28.9%
30.0%
Cash from investing
-3,611
-223
-1,710
Cash from financing
-140
-2,293
-1,305
Depreciation and amortisation
372
387
407
-3.9%
Share-based compensation
119
70.0
61.0
+70.0%
Buybacks
34.0
286
870
-88.1%
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
73m
73m
78m
-0.2%
Shares outstanding at period end
72m
72m
74m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,991
4,545
3,830
+31.8%
Debt
9,754
9,755
11,516
-0.0%
Operating lease liabilities
621
549
533
+13.1%
Finance lease liabilities
82.0
75.0
69.0
+9.3%
Other liabilities
3,844
2,944
3,022
+30.6%
Total liabilities and equity
20,292
17,868
18,970
+13.6%
Fixed assets
n/a
n/a
604
Goodwill
5,528
5,168
5,154
+7.0%
Intangible assets
615
648
895
-5.1%
Cash and equivalents
144
202
52.0
-28.7%
Receivables
1,677
1,315
1,530
+27.5%
Inventory
164
125
120
+31.2%
Other assets
12,164
10,410
10,615
+16.8%
Total assets
20,292
17,868
18,970
+13.6%
10-K for the year ended 31 December 2021, filed 26 January 2022: the filing.