HERC HOLDINGS INC. HRI Cash Flow

Herc holdings inc. (HRI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
47	69	160	-19	111	89	302	184	183	-31	-114	-1,185
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of rental equipment
409	387	378	350	343	340	2,452	2,048	1,800	1,789	1,852	2,085
Depreciation of property and equipment
54	51	46	39	39	36	339	261	158	154	158	172
Amortization of intangible assets
7	5	4	5	37	38	-	-	70	64	66	66
Amortization of deferred debt and financing obligations costs
5	6	6	5	4	6	56	54	92	73	58	70
Loss on extinguishment of debt
-	5	11	-	-	-	-35	0	0	-	48	-
Amortization and write-off of debt discount (premium)
-	-	-	-	-	-	12	29	38	40	38	17
Stock-based compensation charges
19	13	10	5	2	1	35	30	31	36	35	28
Restructuring
5	0	0	-	-	-	-	-	-	-	-	-
(Gain) loss on derivatives
-	-	-	-	-	-	-	-	8	-10	1	-22
Gain on disposal of business
-	-	-	-	50	0	-4	-46	0	0	-	-
Asset writedowns
-	-	-	-	-	-	-	-	-23	-20	-36	-93
Impairment
5	0	29	0	0	9	-	-	-	-	-	1,168
Provision for receivables allowances
48	57	52	44	42	37	71	58	28	19	27	31
Inventory provisions
-	-	-	-	-	7	-	-	-	-	-	-
Deferred taxes
-10	-10	-228	12	22	33	227	102	63	-26	107	-234
Loss (gain) on sale of rental equipment
0	11	1	-21	14	10	-	-	-	-	-	-
Gain on sale of property and equipment
-	-	-	-	-	2	-	-	43	5	1	9
(Gain) loss on revaluation of foreign denominated debt
-	-	-	-	-	-	-	-	26	0	-	-
Income from joint ventures
0	1	1	2	4	4	-	-	0	-	-	-
(Gain) loss on sale of shares in equity method investment
-	-	-	-	-	-	0	-	-	-	-	-
Impairment charges and asset write-downs
-	-	-	-	-	-	-40	0	0	-68	-74	-11
Other Operating Activities, Cash Flow Statement
1	2	1	8	9	-1	-6	-10	-	-	-	-
Gain on revaluation of investment
-	-	-	-	-	-	-	-	0	0	-	-
Changes in assets and liabilities:
Receivables
38	29	131	59	20	59	53	125	73	7	-37	-47
Other assets
4	1	2	19	18	8	29	23	-1	61	-7	-17
Accounts payable
-12	-1	-10	9	-5	-28	54	52	-1	119	-221	108
Accrued liabilities and other long-term liabilities
-18	-13	-19	31	-4	-11	29	-19	-145	-53	-179	-54
Taxes receivable and payable
-	-	-	-	-	-5	-	-	-	-	-	-
Accrued taxes
-	-	-	-	-	-	26	30	13	0	-206	-1
Public liability and property damage
-	-	-	-	-	-	-1	-4	6	-3	-34	-20
Net cash provided by operating activities
635	559	349	433	496	469	3,593	2,713	2,211	2,208	1,693	2,435
Cash flows from investing activities:
Net change in restricted cash and cash equivalents
-	-	-	-	-3	-33	315	237	101	-160	-368	71
Rental equipment expenditures
638	771	501	468	600	614	-	-	-	-	-	-
Proceeds from disposal of rental equipment
224	272	160	115	151	179	-	-	-	-	-	-
Non-rental capital expenditures
56	77	74	47	76	43	-	-	-	-	-	-
Proceeds from disposal of property and equipment
7	9	5	5	6	15	-	-	-	-	-	-
Other investing activities
0	0	0	-	-	-	-	-	-	-	-	-
Purchase of short-term investments, net
-	-	-	-	-	-	-	-	32	-3	3	-
Proceeds from disposal of business
-	-	-	-	126	0	0	84	0	0	-	-
Other
-	-	-	-	0	0	2	2	-0	-2	-0	0
Revenue earning equipment expenditures
-	-	-	-	-	-	10,289	9,611	9,431	8,440	7,527	10,150
Proceeds from disposal of revenue earning equipment
-	-	-	-	-	-	7,256	7,123	7,850	7,518	6,106	8,619
Capital asset expenditures, non-fleet
-	-	-	-	-	-	327	298	281	179	100	193
Proceeds from disposal of property and other equipment
-	-	-	-	-	-	81	125	53	38	23	68
Acquisitions, net of cash acquired
-	-	-	-	-	-	41	1,905	227	47	76	70
Sales of shares in equity method investment
-	-	-	-	-	-	213	0	-	-	-	-
Net cash used in investing activities
-463	-567	-410	-395	-389	-429	-3,850	-4,721	-2,170	-943	-1,208	-1,799
Cash flows from financing activities:
Proceeds from issuance of long-term debt
1,200	0	0	1,235	0	0	2,275	2,237	3,062	2,635	1,200	22
Proceeds from sale of Convertible Senior Notes
-	-	-	-	-	-	-	-	-	-	459	-
Repayments of long-term debt
864	123	247	0	0	-	1,045	952	3,649	2,954	1,149	860
Proceeds
-	-	-	-	-	-	596	438	460	490	364	396
Payments
-	-	-	-	-	-	1,018	1,280	1,194	970	351	374
Proceeds from revolving lines of credit and securitization
1,230	737	561	1,791	1,865	2,480	9,012	6,464	5,106	-	-	-
Repayments on revolving lines of credit and securitization
1,664	604	339	881	2,208	2,425	9,104	5,190	5,164	-	-	-
Proceeds from financing obligations
4	6	119	0	0	-	-	-	-	-	-	-
Principal payments under capital lease and financing obligations
17	17	16	12	10	9	-	-	-	-	-	-
Payment for Debt Extinguishment or Debt Prepayment Cost
41	3	7	0	-	-	-	-	-	-	-	-
Payment of financing obligation and debt financing costs
13	1	2	41	0	0	-	-	-	-	-	-
Proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	528	-
Proceeds from exercise of stock options
0	0	0	10	5	18	-	-	13	7	5	6
Proceeds from employee stock purchase plan
2	2	1	0	0	3	-	-	3	3	2	-
Proceeds from disgorgement of stockholder short-swing profits
-	-	-	-	-	-	-	-	0	0	0	0
Net settlement on vesting of equity awards
3	1	0	0	5	16	-	-	11	7	2	-
Distributions to noncontrolling interest
-	-	-	-	-	-	-	-	23	18	15	24
Purchase of noncontrolling interest
-	-	-	-	-	-	-	38	0	0	-	-
Purchase of treasury stock
-	-	-	-	604	0	555	0	0	-	-	-
Capital contributions from affiliates
-	-	-	-	198	28	-	-	-	-	-	-
Distributions and net transfers to THC
-	-	-	2,071	-1,003	394	-	-	-	-	-	-
Net financing activities with affiliates
-	-	-	-67	-349	281	-	-	-	-	-	-
Payments under the revolving lines of credit
-	-	-	-	-	-	-	-	-	-1,026	1,126	-198
Payment of financing costs
-	-	-	-	-	-	54	49	91	78	45	61
Other
-	-	-	-	-	-	20	-6	-	-	-	-
Net cash used in financing activities
-167	-4	70	-38	-105	-34	127	1,624	-1,486	133	-129	-695
Effect of foreign exchange rate changes on cash and cash equivalents
0	-1	1	-0	-4	-2	0	6	3	-10	35	-76
Net increase (decrease) in cash and cash equivalents during the period
5	-13	10	-0	-3	3	-130	-378	-1,442	1,388	391	-135
Supplemental disclosures of cash flow information:
Cash paid for interest
130	129	131	70	27	36	651	560	640	533	635	763
Cash paid (refunded) for income taxes, net
7	13	-5	2	10	23	71	72	49	50	31	33
Supplemental disclosure of non-cash investing activity:
Purchases of rental equipment in accounts payable
0	0	22	15	0	0	289	250	153	266	141	347
Disposal of rental equipment in accounts receivable
0	0	12	0	0	-	-	-	-	-	-	-
Sales of revenue earning equipment included in receivables
-	-	-	-	-	-	357	617	620	504	537	1,025
Non-rental capital expenditures in accounts payable
2	0	0	7	0	9	56	51	53	37	38	19
Disposal of property and equipment in accounts receivable
2	-	-	-	-	-	-	-	-	-	-	-
Note receivable on disposal of joint venture
19	0	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of non-cash financing activity:
Conversion of convertible senior notes
-	-	-	-	-	84	-	-	-	-	-	-
Non-cash settlement of transactions with THC through equity
0	0	2	75	0	0	-	-	-	-	-	-
Supplemental disclosures of non-cash investing and financing activity:
Consideration for equity method investment
-	-	-	-	-	-	23	0	0	-	-	-
Conversion of Convertible Senior Notes included in debt, common stock and additional paid-in capital
-	-	-	-	-	-	373	0	0	-	-	-
Equipment acquired through finance leases
39	2	0	20	0	6	52	130	64	-	-	-
Sales of property and other equipment included in receivables
-	-	-	-	-	-	17	17	41	11	5	2
Purchase of noncontrolling interest included in accounts payable
-	-	-	-	-	-	-	-	38	0	-	-