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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Equipment rentals $ 845 $ 524 $ 1,368 $ 958
Sales of rental equipment 81 41 157 73
Sales of new equipment 22 21 40 36
Contractor supplies sales 23 22 41 43
Service and other revenues 22 21 43 42
Total revenues 993 629 1,649 1,152
Cost of revenues:        
Cost of equipment rentals, excluding depreciation 350 246 596 479
Depreciation of rental equipment 172 103 287 202
Cost of rental equipment sales 56 28 103 46
Cost of new equipment sales 17 17 32 29
Cost of contractor supplies sales 16 16 28 30
Cost of service and other revenues 8 8 16 17
Total cost of revenues 619 418 1,062 803
Gross profit 374 211 587 349
Selling, general and administrative expenses 146 100 248 195
RSC merger related costs 80 0 90 0
Restructuring charge 53 2 53 [1] 3
Non-rental depreciation and amortization 49 14 63 26
Operating income 46 95 133 125
Interest expense, net 121 57 189 113
Interest expense-subordinated convertible debentures 1 2 2 4
Other income, net (12) (3) (13) (4)
(Loss) income from continuing operations before provision (benefit) for income taxes (64) 39 (45) 12
(Benefit) provision for income taxes (12) 11 (6) 4
(Loss) income from continuing operations (52) 28 (39) 8
Loss from discontinued operation, net of taxes 0 (1) 0 (1)
Net (loss) income $ (52) $ 27 $ (39) $ 7
Basic (loss) earnings per share:        
(Loss) income from continuing operations (in dollars per share) $ (0.63) $ 0.45 $ (0.53) $ 0.12
Loss from discontinued operation (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net (loss) income (in dollars per share) $ (0.63) $ 0.44 $ (0.53) $ 0.11
Diluted (loss) earnings per share:        
(Loss) income from continuing operations (in dollars per share) $ (0.63) $ 0.38 $ (0.53) $ 0.10
Loss from discontinued operation (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net (loss) income (in dollars per share) $ (0.63) $ 0.37 $ (0.53) $ 0.09
[1] Reflected in our condensed consolidated statements of operations as “Restructuring charge.” These charges are not allocated to our reportable segments.