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Tables in the 10-Q of UNITED RENTALS, INC.
33 tables with numbers, filed Jul 23, 2025. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
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Table 1 after “___________________________________”
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| Delaware | 06-1522496 |
| Delaware | 86-0933835 |
| (States of Incorporation) | (I.R.S. Employer Identification Nos.) |
| 100 First Stamford Place, Suite 700 | |
| Stamford | |
| Connecticut | 06902 |
| (Address of Principal Executive Offices) | (Zip Code) |
| | Page |
| PART I | FINANCIAL INFORMATION | |
| Item 1 | Unaudited Condensed Consolidated Financial Statements (unaudited) | 6 |
| United Rentals, Inc. Condensed Consolidated Balance Sheets | 6 |
| United Rentals, Inc. Condensed Consolidated Statements of Income | 7 |
| United Rentals, Inc. Condensed Consolidated Statements of Comprehensive Income | 8 |
| United Rentals, Inc. Condensed Consolidated Statements of Stockholders’ Equity | 9 |
| United Rentals, Inc. Condensed Consolidated Statements of Cash Flows | 11 |
First 8 of 19 rows. The CSV has all of them.
Table 3 after “(In millions, except share data)”
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| June 30, 2025 | December 31, 2024 | |
| (unaudited) | | |
| ASSETS | | | |
| Cash and cash equivalents | $548 | | $457 |
| Accounts receivable, net | 2,368 | | 2,357 |
| Inventory | 242 | | 200 |
| Prepaid expenses and other assets | 362 | | 235 |
| Total current assets | 3,520 | | 3,249 |
First 8 of 32 rows. The CSV has all of them.
Table 4 after “(In millions, except per share amounts)”
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| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Revenues: | | | | | | |
| Equipment rentals | $3,415 | | $3,215 | | $6,560 | $6,144 |
| Sales of rental equipment | 317 | | 365 | | 694 | 748 |
| Sales of new equipment | 75 | | 61 | | 145 | 109 |
| Contractor supplies sales | 41 | | 42 | | 77 | 78 |
First 8 of 30 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $622 | | $636 | | $1,140 | $1,178 |
| Other comprehensive (loss) income, net of tax: | | | | | | |
| Foreign currency translation adjustments | 130 | | (13) | | 151 | (64) |
| Other comprehensive (loss) income (1) | 130 | | (13) | | 151 | (64) |
| Comprehensive income | $752 | | $623 | | $1,291 | $1,114 |
| Three Months Ended June 30, 2025 | | | | | | | | | | | |
| Common Stock | | | | | Treasury Stock | | | | | | |
| Number of Shares (1) (2) | Amount | | Additional Paid-in Capital | | Retained Earnings | Number of Shares | | Amount | Accumulated Other Comprehensive Loss (3) | | |
| Balance at March 31, 2025 | 65 | | $1 | | | $2,688 | | $14,214 | | 50 | $(7,730) | $(384) |
| Net income | | | | | | 622 | | | | | | |
| Dividends declared (3) | | | | | | (118) | | | | | | |
| Foreign currency translation adjustments | | | | | | | | | | 130 | | |
| Stock compensation expense, net | — | | | | 34 | | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Three Months Ended June 30, 2024 | | | | | | | | | | | |
| Common Stock | | | | | Treasury Stock | | | | | | |
| Number of Shares (1) (2) | Amount | | Additional Paid-in Capital | | Retained Earnings | Number of Shares | | Amount | Accumulated Other Comprehensive Loss (3) | | |
| Balance at March 31, 2024 | 67 | | $1 | | | $2,638 | | $12,103 | | 48 | $(6,343) | $(279) |
| Net income | | | | | | 636 | | | | | | |
| Dividends declared (3) | | | | | | (109) | | | | | | |
| Foreign currency translation adjustments | | | | | | | | | | (13) | | |
| Stock compensation expense, net | — | | | | 27 | | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Six Months Ended June 30, 2025 | | | | | | | | | | | |
| Common Stock | | | | | Treasury Stock | | | | | | |
| Number of Shares (1) | Amount | | Additional Paid-in Capital | | Retained Earnings | Number of Shares | | Amount | Accumulated Other Comprehensive Loss (2) | | |
| Balance at December 31, 2024 | 65 | | $1 | | | $2,691 | | $13,813 | | 50 | $(7,478) | $(405) |
| Net income | | | | | | 1,140 | | | | | | |
| Dividends declared (3) | | | | | | (235) | | | | | | |
| Foreign currency translation adjustments | | | | | | | | | | 151 | | |
| Stock compensation expense, net | — | | | | 70 | | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Six Months Ended June 30, 2024 | | | | | | | | | | | |
| Common Stock | | | | | Treasury Stock | | | | | | |
| Number of Shares (1) | Amount | | Additional Paid-in Capital | | Retained Earnings | Number of Shares | | Amount | Accumulated Other Comprehensive Loss (2) | | |
| Balance at December 31, 2023 | 67 | | $1 | | | $2,650 | | $11,672 | | 48 | $(5,965) | $(228) |
| Net income | | | | | | 1,178 | | | | | | |
| Dividends declared (3) | | | | | | (220) | | | | | | |
| Foreign currency translation adjustments | | | | | | | | | | (64) | | |
| Stock compensation expense, net | — | | | | 55 | | | | | | | |
First 8 of 11 rows. The CSV has all of them.
| Six Months Ended | | |
| June 30, | | |
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | | | |
| Net income | $1,140 | | $1,178 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation and amortization | 1,510 | | 1,403 |
| Amortization of deferred financing costs and original issue discounts | 8 | | 7 |
First 8 of 46 rows. The CSV has all of them.
Table 11 after “In the following table, revenue is summarized by type and by the applicable accounting standard.”
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| Three Months Ended June 30, | | | | | | | | | |
| | 2025 | | | | 2024 | | | | |
| Topic 842 | Topic 606 | | Total | Topic 842 | Topic 606 | | Total | | |
| Revenues: | | | | | | | | | | |
| Owned equipment rentals | $2,745 | | $— | | $2,745 | | $2,604 | | $— | $2,604 |
| Re-rent revenue | 60 | — | | 60 | 58 | — | | 58 | | |
| Ancillary and other rental revenues: | | | | | | | | | | |
| Delivery and pick-up | — | 294 | | 294 | — | 267 | | 267 | | |
First 8 of 16 rows. The CSV has all of them.
Table 12 after “In the following table, revenue is summarized by type and by the applicable accounting standard.”
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| Six Months Ended June 30, | | | | | | | | | |
| | 2025 | | | | 2024 | | | | |
| Topic 842 | Topic 606 | | Total | Topic 842 | Topic 606 | | Total | | |
| Revenues: | | | | | | | | | | |
| Owned equipment rentals | $5,267 | | $— | | $5,267 | | $5,008 | | $— | $5,008 |
| Re-rent revenue | 123 | — | | 123 | 113 | — | | 113 | | |
| Ancillary and other rental revenues: | | | | | | | | | | |
| Delivery and pick-up | — | 546 | | 546 | — | 481 | | 481 | | |
First 8 of 16 rows. The CSV has all of them.
Table 13 after “The rollforward of our allowance for credit losses (in total, and associated with revenues arising from both Topic 606 and Topic 842) is sho”
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| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | |
| Beginning balance | $181 | | $174 | | $186 | $169 |
| Charged to costs and expenses (1) | 3 | | 3 | | 6 | 7 |
| Charged to revenue (2) | 14 | | 14 | | 28 | 23 |
| Deductions and other (3) | (15) | | (15) | | (37) | (23) |
| Ending balance | $183 | | $176 | | $183 | $176 |
Table 14 after “(Dollars in millions, except per share data, unless otherwise indicated)”
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| Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | | | | | | | | |
| General rentals | Specialty | | Total | General rentals | Specialty | | Total | | | |
| Equipment rentals | $2,268 | | $1,147 | | $3,415 | | $2,209 | | | $1,006 | $3,215 |
| Sales of rental equipment | 272 | | 45 | | 317 | | 313 | | | 52 | 365 |
| Sales of new equipment | 49 | | 26 | | 75 | | 27 | | | 34 | 61 |
| Contractor supplies sales | 22 | | 19 | | 41 | | 23 | | | 19 | 42 |
| Service and other revenues | 87 | | 8 | | 95 | | 81 | | | 9 | 90 |
| Total revenue (1) | 2,698 | | 1,245 | | 3,943 | | 2,653 | | | 1,120 | 3,773 |
First 8 of 28 rows. The CSV has all of them.
Table 15 after “(Dollars in millions, except per share data, unless otherwise indicated)”
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| Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | | | | | | | | |
| General rentals | Specialty | | Total | General rentals | Specialty | | Total | | | |
| Equipment rentals | $4,367 | | $2,193 | | $6,560 | | $4,279 | | | $1,865 | $6,144 |
| Sales of rental equipment | 602 | | 92 | | 694 | | 659 | | | 89 | 748 |
| Sales of new equipment | 92 | | 53 | | 145 | | 56 | | | 53 | 109 |
| Contractor supplies sales | 42 | | 35 | | 77 | | 43 | | | 35 | 78 |
| Service and other revenues | 168 | | 18 | | 186 | | 162 | | | 17 | 179 |
| Total revenue (1) | 5,271 | | 2,391 | | 7,662 | | 5,199 | | | 2,059 | 7,258 |
First 8 of 32 rows. The CSV has all of them.
Table 16 after “The estimated fair values of our other financial instruments, all of which are categorized in Level 1 of the fair value hierarchy, as of Jun”
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| June 30, 2025 | December 31, 2024 | | | | |
| Carrying Amount | Fair Value | | Carrying Amount | Fair Value | |
| Senior notes | $8,826 | | $8,762 | | $8,821 | $8,518 |
Table 17 after “(Dollars in millions, except per share data, unless otherwise indicated)”
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| June 30, 2025 | December 31, 2024 | |
| Accounts receivable securitization facility expiring 2026 (1) (2) | $1,184 | | $1,085 |
| $4.25 billion ABL facility expiring 2027 (1) (3) | 2,091 | | 2,253 |
| Term loan facility expiring 2031 (1) | 979 | | 984 |
| 5 1/2 percent Senior Notes due 2027 | 499 | | 499 |
| 3 7/8 percent Senior Secured Notes due 2027 | 747 | | 747 |
| 4 7/8 percent Senior Notes due 2028 (4) | 1,668 | | 1,667 |
| 6 percent Senior Secured Notes due 2029 | 1,491 | | 1,490 |
First 8 of 17 rows. The CSV has all of them.
Table 18 after “percent per annum, with the balance due at the maturity of the facility. The average amount of debt outstanding under the term loan facility”
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| ABL facility | Accounts receivable securitization facility | | Term loan facility | |
| Borrowing capacity, net of letters of credit | $2,133 | | $315 | | $— |
| Letters of credit | 22 | | | | |
| Interest rate at June 30, 2025 | 5.5% | | 5.3% | | 6.1% |
| Average month-end debt outstanding | 1,670 | | 1,308 | | 990 |
| Weighted-average interest rate on average debt outstanding | 5.5% | | 5.3% | | 6.1% |
| Maximum month-end debt outstanding | 2,096 | | 1,420 | | 993 |
Table 19 after “The following table sets forth the computation of basic and diluted earnings per share (shares in thousands):”
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| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Numerator: | | | | | | |
| Net income available to common stockholders | $622 | | $636 | | 1,140 | 1,178 |
| Denominator: | | | | | | |
| Denominator for basic earnings per share—weighted-average common shares | 64,895 | | 66,563 | | 65,114 | 66,888 |
| Effect of dilutive securities: | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 20 after “Net income and diluted earnings per share are presented below.”
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| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $622 | | $636 | | $1,140 | $1,178 |
| Diluted earnings per share | $9.59 | | $9.54 | | $17.48 | $17.57 |
| Three Months Ended June 30, | Six Months Ended June 30, | | | | | | | | | | | | |
| 2025 | 2024 | | 2025 | | 2024 | | | | | | | | |
| Tax rate applied to items below | 25.2% | | | | 25.1% | | | | 25.2% | | | 25.2% | | |
| Contribution to net income (after-tax) | Impact on diluted earnings per share | | Contribution to net income (after-tax) | | Impact on diluted earnings per share | Contribution to net income (after-tax) | | Impact on diluted earnings per share | Contribution to net income (after-tax) | Impact on diluted earnings per share | | | |
| Merger related intangible asset amortization (1) | $(31) | | $(0.47) | | | $(39) | | $(0.58) | | $(65) | | $(1.00) | $(72) | $(1.07) |
| Impact on depreciation related to acquired fleet and property and equipment (2) | (19) | | (0.29) | | | (26) | | (0.39) | | (38) | | (0.58) | (53) | (0.79) |
| Impact of the fair value mark-up of acquired fleet (3) | (6) | | (0.08) | | | (12) | | (0.18) | | (14) | | (0.21) | (25) | (0.37) |
| Restructuring charge (4) | — | | (0.01) | | | — | | (0.01) | | (1) | | (0.02) | (1) | (0.02) |
First 8 of 10 rows. The CSV has all of them.
| Three Months Ended | Six Months Ended | | | | |
| June 30, | June 30, | | | | |
| 2025 | 2024 | | 2025 | 2024 | |
| Net income | $622 | | $636 | | $1,140 | $1,178 |
| Provision for income taxes | 217 | | 199 | | 387 | 352 |
| Interest expense, net | 171 | | 173 | | 355 | 333 |
| Depreciation of rental equipment | 651 | | 608 | | 1,288 | 1,190 |
| Non-rental depreciation and amortization | 108 | | 109 | | 222 | 213 |
First 8 of 15 rows. The CSV has all of them.
Table 23 after “The table below provides a reconciliation between net cash provided by operating activities and EBITDA and adjusted EBITDA:”
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| Six Months Ended | | |
| June 30, | | |
| 2025 | 2024 | |
| Net cash provided by operating activities | $2,753 | | $2,294 |
| Adjustments for items included in net cash provided by operating activities but excluded from the calculation of EBITDA: | | | |
| Amortization of deferred financing costs and original issue discounts | (8) | | (7) |
| Gain on sales of rental equipment | 313 | | 360 |
| Gain on sales of non-rental equipment | 10 | | 8 |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended June 30, | Six Months Ended June 30, | | | | | | | | | |
| 2025 | 2024 | | Change | 2025 | 2024 | | Change | | | |
| Equipment rentals* | $3,415 | | $3,215 | | 6.2% | | $6,560 | | | $6,144 | 6.8% |
| Sales of rental equipment | 317 | | 365 | | (13.2)% | | 694 | | | 748 | (7.2)% |
| Sales of new equipment | 75 | | 61 | | 23.0% | | 145 | | | 109 | 33.0% |
| Contractor supplies sales | 41 | | 42 | | (2.4)% | | 77 | | | 78 | (1.3)% |
| Service and other revenues | 95 | | 90 | | 5.6% | | 186 | | | 179 | 3.9% |
| Total revenues | $3,943 | | $3,773 | | 4.5% | | $7,662 | | | $7,258 | 5.6% |
First 8 of 14 rows. The CSV has all of them.
| General rentals | Specialty | | Total | |
| Three Months Ended June 30, 2025 | | | | | |
| Equipment rentals | $2,268 | | $1,147 | | $3,415 |
| Sales of rental equipment | 272 | | 45 | | 317 |
| Sales of new equipment | 49 | | 26 | | 75 |
| Contractor supplies sales | 22 | | 19 | | 41 |
| Service and other revenues | 87 | | 8 | | 95 |
| Total revenue | $2,698 | | $1,245 | | $3,943 |
First 8 of 29 rows. The CSV has all of them.
Table 26 after “See note 3 to our condensed consolidated financial statements for additional information on segment performance. Segment equipment rentals g”
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| General rentals | Specialty | | Total | |
| Three Months Ended June 30, 2025 | | | | | |
| Equipment Rentals Gross Profit | $796 | | $525 | | $1,321 |
| Equipment Rentals Gross Margin | 35.1% | | 45.8% | | 38.7% |
| Three Months Ended June 30, 2024 | | | | | |
| Equipment Rentals Gross Profit | $802 | | $483 | | $1,285 |
| Equipment Rentals Gross Margin | 36.3% | | 48.0% | | 40.0% |
| Six Months Ended June 30, 2025 | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 27 after “. Gross margins by revenue classification were as follows:”
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| Three Months Ended June 30, | Six Months Ended June 30, | | | | | | |
| 2025 | 2024 | | Change | 2025 | 2024 | Change | |
| Total gross margin | 38.9% | | 40.2% | | (130) bps | 37.7% | 39.5% | (180) bps |
| Equipment rentals | 38.7% | | 40.0% | | (130) bps | 37.4% | 38.9% | (150) bps |
| Sales of rental equipment | 46.1% | | 47.4% | | (130) bps | 45.1% | 48.1% | (300) bps |
| Sales of new equipment | 18.7% | | 19.7% | | (100) bps | 19.3% | 20.2% | (90) bps |
| Contractor supplies sales | 31.7% | | 31.0% | | 70 bps | 29.9% | 30.8% | (90) bps |
| Service and other revenues | 41.1% | | 38.9% | | 220 bps | 39.8% | 39.1% | 70 bps |
Table 28 after “The table below includes the other costs/(income) in our condensed consolidated statements of income, as well as key associated metrics:”
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| Three Months Ended June 30, | Six Months Ended June 30, | | | | |
| 2025 | 2024 | Change | 2025 | 2024 | Change |
| Selling, general and administrative ("SG&A") expense | $422 | $404 | 4.5% | $859 | $793 | 8.3% |
| SG&A expense as a percentage of revenue | 10.7% | 10.7% | — bps | 11.2% | 10.9% | 30 bps |
| Restructuring charge | — | 1 | (100.0)% | 1 | 2 | (50.0)% |
| Non-rental depreciation and amortization | 108 | 109 | (0.9)% | 222 | 213 | 4.2% |
| Interest expense, net | 171 | 173 | (1.2)% | 355 | 333 | 6.6% |
| Other income, net | (7) | (4) | 75.0% | (75) | (7) | 971.4% |
First 8 of 10 rows. The CSV has all of them.
Table 29 after “Our principal existing sources of cash are cash generated from operations and from the sale of rental equipment, and borrowings available un”
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| ABL facility: | |
| Borrowing capacity, net of letters of credit | $2,133 |
| Outstanding debt, net of debt issuance costs (1) | 2,091 |
| Interest rate at June 30, 2025 | 5.5% |
| Average month-end principal amount of debt outstanding (1) | 1,670 |
| Weighted-average interest rate on average debt outstanding | 5.5% |
| Maximum month-end principal amount of debt outstanding (1) | 2,096 |
| Accounts receivable securitization facility: | |
First 8 of 14 rows. The CSV has all of them.
| Six Months Ended | | |
| June 30, | | |
| 2025 | 2024 | |
| Net cash provided by operating activities | $2,753 | | $2,294 |
| Payments for purchases of rental equipment | (2,121) | | (1,866) |
| Payments for purchases of non-rental equipment and intangible assets | (182) | | (165) |
| Proceeds from sales of rental equipment | 694 | | 748 |
| Proceeds from sales of non-rental equipment | 31 | | 30 |
First 8 of 10 rows. The CSV has all of them.
Table 31 after “The summarized financial information of Holdings, URNA and the guarantor subsidiaries on a combined basis is as follows:”
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| June 30, 2025 |
| Current receivable from non-guarantor subsidiaries | $4 |
| Other current assets | 582 |
| Total current assets | 586 |
| Long-term assets | 23,307 |
| Total assets | 23,893 |
| Current liabilities | 2,621 |
| Long-term liabilities | 15,628 |
First 8 of 13 rows. The CSV has all of them.
Table 32 after “The following table provides information about purchases of Holdings’ common stock by Holdings during the second quarter of 2025:”
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| Period | Total Number of Shares Purchased | Average Price Paid Per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Program (2) | |
| April 1, 2025 to April 30, 2025 | 31,271 | (1) | $631.57 | | 30,870 | |
| May 1, 2025 to May 31, 2025 | 216,147 | (1) | $690.12 | | 215,850 | |
| June 1, 2025 to June 30, 2025 | 349,381 | (1) | $711.09 | | 349,095 | |
| Total | 596,799 | | $699.33 | | 595,815 | $1,083,300,263 |
| 3(a) | Seventh Amended and Restated Certificate of Incorporation of United Rentals, Inc., dated May 9, 2024 (incorporated by reference to Exhibit 3.1 of the United Rentals, Inc. and United Rentals (North America), Inc. Current Report on Form 8-K filed on May 9, 2024) |
| 3(b) | Third Amended and Restated By-Laws of United Rentals, Inc., amended as of December 19, 2022 (incorporated by reference to Exhibit 3.1 of the United Rentals, Inc. Current Report on Form 8-K filed on December 20, 2022) |
| 3(c) | Restated Certificate of Incorporation of United Rentals (North America), Inc., dated April 30, 2012 (incorporated by reference to Exhibit 3(c) of the United Rentals, Inc. and United Rentals (North America), Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2013) |
| 3(d) | By-laws of United Rentals (North America), Inc. dated May 8, 2013 (incorporated by reference to Exhibit 3(d) of the United Rentals, Inc. and United Rentals (North America), Inc. Quarterly Report on Form 10-Q for the quarter ended June 30, 2013) |
| 10 | Amendment No. 17 to Third Amended and Restated Receivables Purchase Agreement and Amendment No. 10 to Third Amended and Restated Purchase and Contribution Agreement, dated as of June 6, 2025, by and among United Rentals (North America), Inc., United Rentals Receivables LLC II, United Rentals, Inc., Liberty Street Funding LLC, Gotham Funding Corporation, GTA Funding LLC, Reliant Trust, The Bank of Nova Scotia, PNC Bank, National Association, Truist Bank, National Association, MUFG Bank, Ltd., The Toronto-Dominion Bank and Regions Bank (incorporated by reference to Exhibit 10.1 of the United Rentals, Inc. Current Report on Form 8-K filed on June 6, 2025) |
| 22 | Subsidiary Guarantors (incorporated by reference to Exhibit 22 of the United Rentals, Inc. and United Rentals (North America), Inc. Report on Form 10-K for the fiscal year ended December 31, 2024) |
| 31(a)* | Rule 13a-14(a) Certification by Chief Executive Officer |
| 31(b)* | Rule 13a-14(a) Certification by Chief Financial Officer |
First 8 of 17 rows. The CSV has all of them.