Herc Holdings Inc. (HRI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 277M | 349M | 358M | 241M | 171M | 331M | 336M | 318M | 240M | 290M | 280M | 281M | 235M | 293.5M | 264.3M | 215.9M | 143M | 240.8M | 175.3M | 193.2M |
| Operating CF Margin % | 24.32% | 28.87% | 27.45% | 24.05% | 19.86% | 34.81% | 34.82% | 37.5% | 29.85% | 34.86% | 30.84% | 35.04% | 31.76% | 37.29% | 35.48% | 33.73% | 25.18% | 41.66% | 31.85% | 39.36% |
| Operating CF Growth % | 61.99% | 5.44% | 6.55% | -24.21% | -28.75% | 14.14% | 20% | 13.17% | 2.13% | -1.19% | 5.94% | 30.15% | 64.34% | 21.89% | 50.77% | 11.75% | 6.16% | 28.84% | 22.08% | 7.99% |
| Net Income | -24M | 24M | 30M | -35M | -18M | -46M | 122M | 70M | 65M | 91M | 113M | 76M | 67M | 97.8M | 101.4M | 73M | 58M | 71.8M | 72.3M | 47.1M |
| Depreciation & Amortization | 315M | 319M | 316M | 240M | 205M | 215M | 207M | 195M | 189M | 192M | 196M | 189M | 178M | 172.8M | 165.1M | 153M | 140M | 132.9M | 122.5M | 117.1M |
| Stock-Based Compensation | 6M | 6M | 16M | 6M | 6M | 1M | 7M | 4M | 5M | 3M | 6M | 5M | 4M | 7.2M | 8.6M | 5M | 6M | 5.4M | 5.5M | 7.1M |
| Deferred Taxes | -19M | -11M | 60M | -29M | -29M | 2M | 37M | 11M | 9M | 48M | 21M | 17M | 3M | 5.9M | 34.8M | 38M | 5M | 16M | 21.1M | 10.1M |
| Other Non-Cash Items | 2M | 53M | 18M | 53M | -14M | 191M | 10M | 0 | -7M | 0 | -7M | -8M | -9M | 5.1M | 10.8M | 7M | 2M | 5.9M | 4.7M | 3.9M |
| Working Capital Changes | -3M | -42M | -82M | 6M | 21M | -32M | -47M | 38M | -21M | -44M | -49M | 2M | -8M | 4.7M | -56.4M | -60M | -68M | 8.8M | -50.8M | 7.9M |
| Change in Receivables | -11M | 13M | -62M | -17M | 20M | 14M | -54M | -15M | -7M | -19M | -55M | -37M | 13M | -16.4M | -72.5M | -60M | -23M | -11.5M | -53.4M | -21.3M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55M | 0 | 0 | 0 | 72.5M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -44M | 26M | 16M | 12M | -18M | -15M | 4M | 15M | -2M | -3M | 16M | -14M | 8M | -21M | 21.4M | -14M | -9M | 15.2M | 1.5M | 3.1M |
| Cash from Investing | -183M | -31M | -234M | -4.43B | -133M | -268M | -543M | -404M | -296M | -257M | -394M | -479M | -451M | -366.1M | -442.9M | -526.1M | -347M | -347.5M | -409.1M | -142.5M |
| Capital Expenditures | -41M | -419M | -414M | -234M | -187M | -295M | -285M | -287M | -181M | -220M | -439M | -371M | -332M | -327.3M | -340.1M | -283.1M | -287M | -163.7M | -207.7M | -148.4M |
| CapEx % of Revenue | 3.6% | 34.66% | 31.75% | 23.35% | 21.72% | 31.02% | 29.53% | 33.84% | 22.51% | 26.44% | 48.35% | 46.26% | 44.86% | 41.59% | 45.65% | 44.23% | 50.53% | 28.32% | 37.74% | 30.23% |
| Acquisitions | 0 | 467M | 94M | -4.24B | -11M | -33M | -277M | -142M | -148M | -98M | -60M | -134M | -138M | -74.3M | -123.8M | -225M | -73M | -205.8M | -207.3M | -17.9M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -79M | 86M | 47M | 65M | 60M | 19M | 25M | 33M | 61M | 105M | 26M | 19M | 35.5M | 21M | -18M | 13M | 22M | 5.9M | 23.8M |
| Cash from Financing | -103M | -193M | -116M | 4.19B | -73M | -121M | 279M | 93M | 48M | -33M | 148M | 195M | 202M | 69M | 184M | 339.7M | 192M | 106.7M | 234.9M | -49.2M |
| Debt Issued (Net) | -74M | -164M | -93M | 4.22B | -46M | -104M | 297M | 119M | 78M | -3M | 164M | 274M | 289M | 146.6M | 261M | 356M | 223M | 120.4M | 234.9M | -48.9M |
| Equity Issued (Net) | -5M | -6M | 2M | 1M | 1M | 2M | 1M | 2M | 0 | -13M | 0 | -63M | -44M | -61.9M | -53M | 0 | 0 | 1M | 0 | 0 |
| Dividends Paid | -24M | -23M | -23M | -20M | -21M | -19M | -19M | -19M | -20M | -17M | -18M | -18M | -20M | -16.6M | -17M | -17.2M | -17M | -14.8M | 0 | 0 |
| Share Repurchases | -7M | -8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13M | 0 | -63M | -44M | -61.9M | -53M | 0 | 0 | -300K | 0 | 0 |
| Other Financing | 0 | 0 | -2M | -9M | -7M | 0 | 0 | -9M | -10M | 0 | 2M | 2M | -23M | 900K | -7M | 1M | -14M | 100K | 0 | -300K |
| Net Change in Cash | -9M | 126M | 8M | 5M | -35M | -59M | 72M | 7M | -8M | 0 | 34M | -3M | -14M | -3.4M | 4.8M | 29.3M | -12M | -100K | 600K | 1.7M |
| Free Cash Flow | 236M | 53M | -99M | -40M | -49M | 2M | -5M | -10M | 29M | 33M | -159M | -134M | -130M | -55.8M | -75.8M | -67.2M | -157M | 77.1M | -42.6M | 37.3M |
| FCF Margin % | 20.72% | 4.38% | -7.59% | -3.99% | -5.69% | 0.21% | -0.52% | -1.18% | 3.61% | 3.97% | -17.51% | -16.71% | -17.57% | -7.09% | -10.17% | -10.5% | -27.64% | 13.34% | -7.74% | 7.6% |
| FCF Growth % | 581.63% | 2550% | -1880% | -300% | -268.97% | -93.94% | 96.86% | 92.54% | 122.31% | 159.14% | -109.76% | -99.4% | 17.2% | -172.37% | -77.93% | -280.16% | -616.45% | -27.67% | -267.72% | -58.74% |
| FCF per Share | 7.09 | 1.59 | -2.97 | -1.33 | -1.72 | 0.07 | -0.18 | -0.35 | 1.02 | 1.16 | -5.58 | -4.69 | -4.42 | -1.87 | -2.51 | -2.22 | -5.16 | 2.54 | -1.40 | 1.23 |
| FCF Conversion (FCF/Net Income) | -11.54x | 14.54x | 11.93x | -6.89x | -9.50x | -7.20x | 2.75x | 4.54x | 3.69x | 3.19x | 2.48x | 3.70x | 3.51x | 2.99x | 2.62x | 2.96x | 2.47x | 3.35x | 2.42x | 4.10x |
| Interest Paid | 63M | 217M | 83M | 53M | 66M | 64M | 71M | 45M | 78M | 46M | 75M | 37M | 63M | 22M | 46M | 8M | 38M | 4.7M | 37.2M | 3.9M |
| Taxes Paid | 0 | -18M | 1M | 15M | 2M | -12M | 3M | 6M | 3M | 9M | 17M | 3M | 1M | 5.8M | 6M | 5M | 5M | 9.5M | 2.5M | 3.2M |