← MCGRATH RENTCORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $38.3m | $153.9m | $79.4m | $96.8m | $102.0m | $89.7m | $115.1m | $174.6m | $231.7m | $156.3m | — | |
| Depreciation, Depletion and Amortization | $81.2m | $78.4m | $82.0m | $89.5m | $94.6m | $106.7m | $111.3m | $109.4m | $107.5m | $107.1m | $110.6m | |
| Amortization of Debt Issuance Costs | $51k | $50k | $20k | $11k | $11k | $15k | $16k | $8k | $66k | $206k | — | |
| Amortization of Intangible Assets | $900k | $900k | $900k | $900k | $200k | $5.9m | $5.9m | $10.7m | $10.3m | $10.5m | — | |
| Depreciation | $8.1m | $7.6m | $8.0m | $8.2m | $8.6m | $8.9m | $9.0m | $9.7m | $8.9m | $9.6m | $110.6m | |
| Deferred Income Tax Expense (Benefit) | $7.7m | ($96.6m) | $12.0m | $11.6m | ($2.2m) | $26.3m | $4.5m | $6.4m | $38.6m | $33.5m | $27.5m | |
| Share-based Payment Arrangement, Noncash Expense | $3.1m | $3.2m | $4.1m | $5.9m | $5.5m | $7.7m | $8.0m | $8.3m | $9.5m | $11.2m | $11.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.3m | $2.1m | $3.3m | $3.3m | $4.4m | $5.3m | $6.5m | $7.2m | $4.4m | $5.7m | — | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $3.8m | $10.5m | $15.7m | $7.3m | ($3.4m) | $24.4m | $31.4m | $37.8m | ($6.1m) | $14.2m | ($7.5m) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | — | — | — | ($1.1m) | ($6.3m) | ($2.9m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | — | — | — | — | $11.8m | ($330k) | $8.0m | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | $3.6m | $9.3m | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $141.8m |
$122.4m
-13.67%
|
$142.7m
+16.57%
|
$188.0m
+31.77%
|
$180.5m
-3.98%
|
$195.7m
+8.44%
|
$194.4m
-0.67%
|
$95.3m
-50.96%
|
$374.4m
+292.66%
|
$255.7m
-31.70%
|
$251.7m
-1.57%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $10.5m | $14.6m | $15.7m | $12.1m | $13.7m | $2.7m | $17.6m | $44.0m | $40.2m | $44.4m | ($258.5m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | $3.6m | $9.3m | — | ($47.3m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $7.5m | $7.8m | — | $283.1m | — | $458.3m | — | $23.8m | ($11.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($60.2m) | ($70.9m) | ($104.5m) | ($143.1m) | ($53.0m) | ($351.7m) | ($131.4m) | ($391.9m) | ($150.8m) | ($127.1m) | ($183.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | — | — | — | — | $13.6m | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $24.4m | $24.9m | $30.9m | $35.5m | $39.8m | $42.2m | $44.3m | $45.6m | $46.8m | $47.9m | ($48.5m) | |
| Dividends Payable | $6.1m | $6.3m | $8.4m | $9.5m | $10.1m | $11.3m | $11.2m | $12.0m | $12.5m | $12.7m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($80.8m) |
($49.9m)
+38.28%
|
($39.1m)
+21.63%
|
($44.0m)
-12.67%
|
($128.5m)
-191.83%
|
$156.2m
+221.60%
|
($63.5m)
-140.67%
|
$296.4m
+566.59%
|
($223.7m)
-175.46%
|
($129.1m)
+42.29%
|
($64.8m)
+49.77%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($2k) | ($38k) | ($993k) | $834k | ($1.1m) | $253k | ($534k) | ($80k) | ($70k) | ($512k) | $4.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | — | $295k | $4.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12.4m | $11.8m | $12.6m | $12.5m | $9.1m | $10.3m | $14.8m | $38.6m | $48.3m | $29.9m | — | |
| Income Taxes Paid, Net | $15.6m | $29.5m | $18.2m | $17.5m | $34.9m | $9.1m | $27.4m | $91.6m | $36.5m | $10.1m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | — | — | — | $61.5m | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($121k) | $334k | ($489k) | $84k | $78k | ($210k) | ($378k) | $310k | ($215k) | $80k | — | |
| Gain (Loss) on Sale of Properties | $13.7m | $17.7m | $19.6m | $21.3m | $19.3m | $25.4m | $38.0m | $31.6m | $35.1m | $44.2m | — | |
| Goodwill | $27.8m | $27.8m | $27.8m | $28.2m | $28.2m | $132.4m | $132.3m | $323.2m | $323.2m | $332.6m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $111.9m | $231.7m | $156.3m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $62.8m | — | — | — | |
| Income Tax Expense (Benefit) | $28.7m | ($70.5m) | $25.3m | $32.3m | $30.1m | $32.1m | $34.9m | $37.6m | $81.9m | $56.8m | — | |
| Operating Lease, Expense | — | — | — | $3.8m | $3.8m | $5.4m | $5.9m | $6.7m | $6.4m | $6.6m | — | |
| Operating Lease, Lease Income | — | — | — | $407.6m | $399.5m | $439.9m | $520.8m | $561.5m | $589.3m | $613.6m | — | |
| Proceeds from Stock Options Exercised | $37k | — | — | — | — | — | — | — | — | — | — |