0000950123-11-067504.txt : 20110722 0000950123-11-067504.hdr.sgml : 20110722 20110722164851 ACCESSION NUMBER: 0000950123-11-067504 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110719 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110722 DATE AS OF CHANGE: 20110722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED RENTALS NORTH AMERICA INC CENTRAL INDEX KEY: 0001047166 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 061493538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13663 FILM NUMBER: 11982982 BUSINESS ADDRESS: STREET 1: FIVE GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036223131 MAIL ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: UNITED RENTALS INC DATE OF NAME CHANGE: 19971020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED RENTALS INC /DE CENTRAL INDEX KEY: 0001067701 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 061522496 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-14387 FILM NUMBER: 11982981 BUSINESS ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036223131 MAIL ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 8-K/A 1 c20239e8vkza.htm FORM 8-K/A Form 8-K/A
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 19, 2011
UNITED RENTALS, INC.
UNITED RENTALS (NORTH AMERICA), INC.
(Exact name of registrant as specified in its charter)
         
Delaware
Delaware
  001-14387
001-13663
  06-1522496
06-1493538
         
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer Identification No.)
     
Five Greenwich Office Park
Greenwich, Connecticut
   
06831
     
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (203) 622-3131
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 


 

EXPLANATORY NOTE
The sole purpose of this Current Report on Form 8-K/A is to correct typographical errors in the Condensed Consolidated Statements of Cash Flows table on page six of Exhibit 99.1 to the Current Report on Form 8-K furnished by United Rentals, Inc. to the Securities and Exchange Commission on July 19, 2011 (the “Original 8-K”).
Item 2.02.    Results of Operations and Financial Condition.
On July 19, 2011, United Rentals, Inc. (the “Company”) issued a press release and furnished the Original 8-K announcing its results of operations for the quarter ended June 30, 2011. Typographical errors were subsequently discovered in the Condensed Consolidated Statements of Cash Flows table on page six of Exhibit 99.1 to the Original Form 8-K. All other information in the Original 8-K and all information in the Company’s earnings press release and quarterly report on Form 10-Q for the quarter ended June 30, 2011 remains unchanged.
Specifically, the following items are corrected in this Current Report on Form 8-K/A: (i) the amounts reported under “Payments of debt, including subordinated convertible debentures” and “Cash paid in connection with convertible note hedge transactions, net” for the six months ended June 30, 2011 were corrected, (ii) the line item “Cash paid in connection with convertible note hedge transactions, net” was corrected to read “Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net” and (iii) the line item “Cash (paid) received for taxes, net” was corrected to read “Cash paid (received) for taxes, net” and the amounts reported on such line item were corrected. A corrected Condensed Consolidated Statements of Cash Flows table is attached as Exhibit 99.1 to this Current Report on Form 8-K/A, and incorporated herein by reference.
Item 9.01.    Financial Statements and Exhibits.
99.1          Condensed Consolidated Statements of Cash Flows

 

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:    July 22, 2011
         
  UNITED RENTALS, INC.
 
 
  By:   /s/ Jonathan M. Gottsegen    
    Name:   Jonathan M. Gottsegen   
    Title:   Senior Vice President, General Counsel and Corporate Secretary   
 
  UNITED RENTALS (NORTH AMERICA), INC.
 
 
  By:   /s/ Jonathan M. Gottsegen    
    Name:   Jonathan M. Gottsegen   
    Title:   Senior Vice President, General Counsel and Corporate Secretary   

 

 


 

         
EXHIBIT INDEX
     
Exhibit No.   Description
99.1
  Condensed Consolidated Statements of Cash Flows

 

 

EX-99.1 2 c20239exv99w1.htm EXHIBIT 99.1 Exhibit 99.1
Exhibit 99.1
UNITED RENTALS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)



                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2011     2010     2011     2010  
Cash Flows From Operating Activities:
                               
Net income (loss)
  $ 27     $ 12     $ 7     $ (28 )
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
                               
Depreciation and amortization
    117       111       228       220  
Amortization of deferred financing costs and original issue discounts
    6       5       11       11  
Gain on sales of rental equipment
    (13 )     (9 )     (27 )     (20 )
Gain on sales of non-rental equipment
    (1 )           (1 )     (1 )
Stock compensation expense, net
    4       3       6       4  
Restructuring charge
    2       6       3       12  
Loss (gain) on repurchase/redemption of debt securities
          (1 )           3  
Loss on retirement of subordinated convertible debentures
              1        
Increase (decrease) in deferred taxes
    5       (23 )     (4 )     (47 )
Changes in operating assets and liabilities:
                               
Increase in accounts receivable
    (51 )     (24 )     (15 )     (7 )
Increase in inventory
    (6 )     (14 )     (30 )     (16 )
(Increase) decrease in prepaid expenses and other assets
    (9 )     18       (15 )     55  
Increase in accounts payable
    57       51       147       61  
Increase (decrease) in accrued expenses and other liabilities
    4       (34 )     (15 )     (28 )
 
                       
Net cash provided by operating activities
    142       101       296       219  
 
                               
Cash Flows From Investing Activities:
                               
Purchases of rental equipment
    (297 )     (125 )     (412 )     (174 )
Purchases of non-rental equipment
    (8 )     (7 )     (13 )     (12 )
Proceeds from sales of rental equipment
    41       37       73       72  
Proceeds from sales of non-rental equipment
    4       2       8       3  
Purchases of other companies
    (143 )           (143 )      
 
                       
Net cash used in investing activities
    (403 )     (93 )     (487 )     (111 )
 
                               
Cash Flows From Financing Activities:
                               
Proceeds from debt
    536       445       1,107       1,090  
Payments of debt, including subordinated convertible debentures
    (441 )     (435 )     (1,082 )     (1,332 )
Proceeds from the exercise of common stock options
    26             30        
Shares repurchased and retired
                (7 )     (1 )
Cash paid in connection with the 4 percent Convertible Senior Notes and related hedge, net
    (9 )           (9 )      
Excess tax benefits from share-based payment arrangements, net
                      (1 )
 
                       
 
                               
Net cash provided by (used in) financing activities
    112       10       39       (244 )
 
                               
Effect of foreign exchange rates
    2       (8 )     7       (3 )
 
                       
 
                               
Net (decrease) increase in cash and cash equivalents
    (147 )     10       (145 )     (139 )
Cash and cash equivalents at beginning of period
    205       20       203       169  
 
                       
 
                               
Cash and cash equivalents at end of period
  $ 58     $ 30     $ 58     $ 30  
 
                       
 
                               
Supplemental disclosure of cash flow information:
                               
Cash paid (received) for taxes, net
  $ 5     $ 3     $ 16     $ (50 )
Cash paid for interest, including subordinated convertible debentures
    64     88     98     121