XML 56 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 1,876.8 $ 1,571.8 $ 1,212.8
Cost of revenues:      
Total cost of revenues 1,369.6 1,152.2 898.4
Gross profit 507.2 419.6 314.4
General and administrative expenses 430.3 362.3 285.9
Non-rental depreciation and amortization 22.5 16.5 10.5
Total operating expenses 452.8 378.8 296.4
Income from operations 54.4 40.8 18.0
Other (expense) income      
Interest expense, floor plan payable – new equipment (8.4) (2.7) (1.7)
Interest expense – other (48.6) (29.1) (22.3)
Other income 5.1 1.6 0.7
Loss on extinguishment of debt     (11.9)
Total other expense, net (51.9) (30.2) (35.2)
Income (loss) before taxes 2.5 10.6 (17.2)
Income tax (benefit) provision (6.4) 1.3 3.6
Net income (loss) 8.9 9.3 (20.8)
Preferred stock dividends (3.0) (3.0) (2.6)
Net income (loss) available to common stockholders $ 5.9 $ 6.3 $ (23.4)
Basic income (loss) per share $ 0.18 $ 0.2 $ (0.74)
Diluted income (loss) per share $ 0.18 $ 0.2 $ (0.74)
Basic weighted average common shares outstanding 32,447,754 32,099,247 31,706,329
Diluted weighted average common shares outstanding 32,877,507 32,301,663 31,706,329
New and Used Equipment Sales      
Revenues:      
Total revenues $ 1,025.9 $ 817.2 $ 568.8
Cost of revenues:      
Total cost of revenues 853.6 683.2 478.0
Parts Sales      
Revenues:      
Total revenues 278.3 234.8 178.5
Cost of revenues:      
Total cost of revenues 183.2 157.4 123.4
Service Revenues      
Revenues:      
Total revenues 241.3 206.6 165.5
Cost of revenues:      
Total cost of revenues 103.4 90.7 68.2
Rental Revenues      
Revenues:      
Total revenues 202.4 180.1 155.5
Cost of revenues:      
Total cost of revenues 24.8 22.4 20.6
Rental Equipment Sales      
Revenues:      
Total revenues 128.9 133.1 144.5
Cost of revenues:      
Total cost of revenues 94.5 103.0 122.9
Rental Depreciation      
Cost of revenues:      
Total cost of revenues $ 110.1 $ 95.5 $ 85.3