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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net income $ 175 $ 183
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 499 393
Amortization of deferred financing costs and original issue discounts 4 3
Gain on sales of rental equipment (67) (74)
Gain on sales of non-rental equipment (2) (1)
Gain on insurance proceeds from damaged equipment (7) (2)
Stock compensation expense, net 15 19
Merger related costs 1 1
Restructuring charge 8 2
Increase in deferred taxes 21 37
Changes in operating assets and liabilities, net of amounts acquired:    
Decrease in accounts receivable 73 80
Increase in inventory (9) (9)
Decrease in prepaid expenses and other assets 12 42
Increase in accounts payable 18 103
Decrease in accrued expenses and other liabilities (74) (135)
Net cash provided by operating activities 667 642
Cash Flows From Investing Activities:    
Purchases of rental equipment (257) (280)
Purchases of non-rental equipment (42) (33)
Proceeds from sales of rental equipment 192 181
Proceeds from sales of non-rental equipment 8 4
Insurance proceeds from damaged equipment 7 2
Purchases of other companies, net of cash acquired (173) (52)
Net cash used in investing activities (265) (178)
Cash Flows From Financing Activities:    
Proceeds from debt 1,427 2,256
Payments of debt (1,572) (2,563)
Proceeds from the exercise of common stock options 4 1
Common stock repurchased (243) (226)
Payments of financing costs (9) 0
Net cash used in financing activities (393) (532)
Effect of foreign exchange rates 0 (6)
Net increase (decrease) in cash and cash equivalents 9 (74)
Cash and cash equivalents at beginning of period 43 352
Cash and cash equivalents at end of period 52 278
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net 4 10
Cash paid for interest $ 179 $ 153