XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Total revenues $ 2,738.8 $ 2,073.1 $ 1,781.3
Expenses:      
Direct operating 1,027.7 782.3 626.7
Depreciation of rental equipment 535.9 420.7 403.9
Cost of sales of rental equipment 88.8 93.3 203.6
Cost of sales of new equipment, parts and supplies 22.3 20.3 20.5
Selling, general and administrative 410.1 310.8 257.4
Non-rental depreciation and amortization 94.9 68.0 62.5
Impairment 3.5 3.2 15.4
Interest expense, net 122.0 86.3 92.6
Other expense (income), net 0.2 (2.2) 4.6
Total expenses 2,305.4 1,782.7 1,687.2
Income before income taxes 433.4 290.4 94.1
Income tax provision (103.5) (66.3) (20.4)
Net income $ 329.9 $ 224.1 $ 73.7
Weighted average shares outstanding:      
Basic (in shares) 29.6 29.6 29.1
Diluted (in shares) 30.2 30.4 29.4
Earnings per share:      
Basic (in USD per share) $ 11.15 $ 7.57 $ 2.53
Diluted (in USD per share) $ 10.92 $ 7.37 $ 2.51
Equipment rental      
Revenues:      
Total revenues $ 2,551.5 $ 1,910.4 $ 1,543.7
Sales of rental equipment      
Revenues:      
Total revenues 125.7 113.1 198.5
Sales of new equipment, parts and supplies      
Revenues:      
Total revenues 35.8 30.1 28.2
Service and other revenue      
Revenues:      
Total revenues $ 25.8 $ 19.5 $ 10.9