United Rentals (URI) FY2022 results: revenue $11.6 billion, up 19.8% on the year
United Rentals, Inc. (URI) reported revenue of $11.6 billion for fiscal 2022, the year ended 31 December 2022, up 19.8% on the year before. Net income was $2.1 billion, up 51.9%, and diluted earnings per share $29.65. The figures are the company's own, from the 10-K it filed with the SEC on 25 January 2023.
Revenue
$11.6 billion
+19.8% on the year
FY2015FY2022
Operating margin
27.8%
23.4% a year earlier
FY2015FY2022
Net income
$2.1 billion
+51.9% on the year
FY2015FY2022
Diluted EPS
$29.65
+55.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,433
3,689
2,658
+20.2%
Capital expenditure
3,690
3,198
197
+15.4%
Free cash flow
743
491
2,461
+51.3%
Free cash flow margin
6.4%
5.1%
28.9%
Cash from investing
-5,016
-3,611
-223
Cash from financing
552
-140
-2,293
Depreciation and amortisation
364
372
387
-2.2%
Share-based compensation
127
119
70.0
+6.7%
Buybacks
1,068
34.0
286
+3,041.2%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
71m
73m
73m
-2.5%
Shares outstanding at period end
69m
72m
72m
-4.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
7,062
5,991
4,545
+17.9%
Debt
11,447
9,754
9,755
+17.4%
Operating lease liabilities
642
621
549
+3.4%
Finance lease liabilities
72.0
82.0
75.0
-12.2%
Other liabilities
4,960
3,844
2,944
+29.0%
Total liabilities and equity
24,183
20,292
17,868
+19.2%
Goodwill
6,026
5,528
5,168
+9.0%
Intangible assets
452
615
648
-26.5%
Cash and equivalents
106
144
202
-26.4%
Receivables
2,004
1,677
1,315
+19.5%
Inventory
232
164
125
+41.5%
Other assets
15,363
12,164
10,410
+26.3%
Total assets
24,183
20,292
17,868
+19.2%
10-K for the year ended 31 December 2022, filed 25 January 2023: the filing.