2020 Q1 Form 10-Q Financial Statement
#000136447920000015 Filed on April 23, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $436.2M | $475.7M |
YoY Change | -8.3% | 10.29% |
Cost Of Revenue | $212.4M | $258.4M |
YoY Change | -17.8% | 2771.11% |
Gross Profit | $223.8M | $217.3M |
YoY Change | 2.99% | -48.54% |
Gross Profit Margin | 51.31% | 45.68% |
Selling, General & Admin | $69.80M | $71.50M |
YoY Change | -2.38% | -4.03% |
% of Gross Profit | 31.19% | 32.9% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $116.2M | $115.0M |
YoY Change | 1.04% | 7.38% |
% of Gross Profit | 51.92% | 52.92% |
Operating Expenses | $69.80M | $71.50M |
YoY Change | -2.38% | -4.03% |
Operating Profit | $154.0M | $145.8M |
YoY Change | 5.62% | -58.08% |
Interest Expense | -$24.40M | -$32.90M |
YoY Change | -25.84% | 0.92% |
% of Operating Profit | -15.84% | -22.57% |
Other Income/Expense, Net | -$1.200M | -$300.0K |
YoY Change | 300.0% | -200.0% |
Pretax Income | -$2.600M | -$9.800M |
YoY Change | -73.47% | -164.47% |
Income Tax | $1.100M | -$3.100M |
% Of Pretax Income | ||
Net Earnings | -$3.700M | -$6.700M |
YoY Change | -44.78% | -166.34% |
Net Earnings / Revenue | -0.85% | -1.41% |
Basic Earnings Per Share | -$0.13 | -$0.23 |
Diluted Earnings Per Share | -$0.13 | -$0.23 |
COMMON SHARES | ||
Basic Shares Outstanding | 28.90M shares | 28.60M shares |
Diluted Shares Outstanding | 28.90M shares | 28.60M shares |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $55.80M | $24.50M |
YoY Change | 127.76% | -43.02% |
Cash & Equivalents | $55.80M | $24.50M |
Short-Term Investments | ||
Other Short-Term Assets | $4.000M | $33.50M |
YoY Change | -88.06% | 39.58% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $288.8M | $316.4M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $395.5M | $374.4M |
YoY Change | 5.64% | -14.17% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $306.2M | $273.5M |
YoY Change | 11.96% | -3.39% |
Goodwill | $93.60M | $91.00M |
YoY Change | 2.86% | 0.0% |
Intangibles | $290.2M | $292.9M |
YoY Change | -0.92% | 2.31% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $22.20M | $35.60M |
YoY Change | -37.64% | -15.44% |
Total Long-Term Assets | $3.372B | $3.292B |
YoY Change | 2.42% | 4.92% |
TOTAL ASSETS | ||
Total Short-Term Assets | $395.5M | $374.4M |
Total Long-Term Assets | $3.372B | $3.292B |
Total Assets | $3.767B | $3.666B |
YoY Change | 2.75% | 2.59% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $135.4M | $162.2M |
YoY Change | -16.52% | -39.16% |
Accrued Expenses | $107.1M | $120.3M |
YoY Change | -10.97% | -2.51% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $22.20M | $23.60M |
YoY Change | -5.93% | 12.38% |
Total Short-Term Liabilities | $299.1M | $335.5M |
YoY Change | -10.85% | -18.9% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.042B | $2.019B |
YoY Change | 1.1% | -1.72% |
Other Long-Term Liabilities | $39.00M | $44.00M |
YoY Change | -11.36% | 21.21% |
Total Long-Term Liabilities | $39.00M | $44.00M |
YoY Change | -11.36% | 21.21% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $299.1M | $335.5M |
Total Long-Term Liabilities | $39.00M | $44.00M |
Total Liabilities | $3.147B | $3.101B |
YoY Change | 1.51% | 0.88% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$354.9M | -$405.4M |
YoY Change | -12.46% | -14.2% |
Common Stock | $300.0K | $300.0K |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $692.0M | $692.0M |
YoY Change | 0.0% | 0.0% |
Treasury Stock Shares | 2.700M shares | 2.700M shares |
Shareholders Equity | $619.9M | $565.8M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.767B | $3.666B |
YoY Change | 2.75% | 2.59% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$3.700M | -$6.700M |
YoY Change | -44.78% | -166.34% |
Depreciation, Depletion And Amortization | $116.2M | $115.0M |
YoY Change | 1.04% | 7.38% |
Cash From Operating Activities | $101.5M | $131.2M |
YoY Change | -22.64% | 1.55% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $15.50M | $11.40M |
YoY Change | 35.96% | -20.83% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $36.20M | $70.50M |
YoY Change | -48.65% | 30.31% |
Cash From Investing Activities | -$62.30M | -$23.50M |
YoY Change | 165.11% | -45.09% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$15.80M | -$111.2M |
YoY Change | -85.79% | 31.75% |
NET CHANGE | ||
Cash From Operating Activities | $101.5M | $131.2M |
Cash From Investing Activities | -$62.30M | -$23.50M |
Cash From Financing Activities | -$15.80M | -$111.2M |
Net Change In Cash | $22.80M | -$3.300M |
YoY Change | -790.91% | -320.0% |
FREE CASH FLOW | ||
Cash From Operating Activities | $101.5M | $131.2M |
Capital Expenditures | $15.50M | $11.40M |
Free Cash Flow | $86.00M | $119.8M |
YoY Change | -28.21% | 4.36% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
31800000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
28800000 | shares |
CY2020Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
29100000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
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|
0.01 | |
CY2020Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
133300000 | shares |
CY2020Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
133300000 | shares |
CY2020Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
22500000 | USD |
CY2019Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
31500000 | shares |
CY2020Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
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Current Fiscal Year End Date
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--12-31 | |
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Q1 | |
CY2020Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2020 | |
CY2020Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2020-03-31 | |
CY2020Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
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0001364479 | |
CY2019Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
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|
200000 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
18800000 | USD |
CY2020Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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FL | |
CY2019Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
|
31100000 | USD |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
13300000 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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13300000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Issued
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|
0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Issued
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|
0 | shares |
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Preferred Stock Shares Outstanding
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0 | shares |
CY2020Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
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Treasury Stock Shares
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2700000 | shares |
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Treasury Stock Shares
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2700000 | shares |
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Document Type
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10-Q | |
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true | |
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Document Transition Report
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false | |
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Entity File Number
EntityFileNumber
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001-33139 | |
CY2020Q1 | dei |
Entity Registrant Name
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|
HERC HOLDINGS INC. | |
CY2020Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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DE | |
CY2020Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
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20-3530539 | |
CY2020Q1 | dei |
Entity Address Address Line1
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27500 Riverview Center Blvd. | |
CY2020Q1 | dei |
Entity Address City Or Town
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Bonita Springs | |
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Entity Address Postal Zip Code
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34134 | |
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City Area Code
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239 | |
CY2020Q1 | dei |
Local Phone Number
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301-1000 | |
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Common Stock, par value $0.01 per share | |
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Trading Symbol
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HRI | |
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Security Exchange Name
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NYSE | |
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Yes | |
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Entity Interactive Data Current
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Yes | |
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Entity Filer Category
EntityFilerCategory
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Large Accelerated Filer | |
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Commitments And Contingencies
CommitmentsAndContingencies
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Commitments And Contingencies
CommitmentsAndContingencies
|
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CY2020Q1 | us-gaap |
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OtherComprehensiveIncomeLossNetOfTax
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Goodwill
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Liabilities
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Retained Earnings Accumulated Deficit
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|
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CY2019Q1 | us-gaap |
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|
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Weighted Average Number Of Shares Outstanding Basic
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|
644300000 | USD |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3767200000 | USD |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3817000000.0 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
436200000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
475700000 | USD |
CY2020Q1 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
189200000 | USD |
CY2019Q1 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
189100000 | USD |
CY2019Q1 | hri |
Costof Revenue Earning Equipment Sold
CostofRevenueEarningEquipmentSold
|
83500000 | USD |
CY2020Q1 | hri |
Costof Salesof New Equipment Partsand Supplies
CostofSalesofNewEquipmentPartsandSupplies
|
5100000 | USD |
CY2019Q1 | hri |
Costof Salesof New Equipment Partsand Supplies
CostofSalesofNewEquipmentPartsandSupplies
|
8200000 | USD |
CY2020Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
69800000 | USD |
CY2019Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
71500000 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6300000 | USD |
CY2019Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-24400000 | USD |
CY2019Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-32900000 | USD |
CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1200000 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-300000 | USD |
CY2020Q1 | hri |
Costsand Expenses Nonoperating Incomeand Interest Expense
CostsandExpensesNonoperatingIncomeandInterestExpense
|
438800000 | USD |
CY2019Q1 | hri |
Costsand Expenses Nonoperating Incomeand Interest Expense
CostsandExpensesNonoperatingIncomeandInterestExpense
|
485500000 | USD |
CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2600000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-9800000 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1100000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3100000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6700000 | USD |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28600000 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2900000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3200000 | USD |
CY2020Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
600000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
619900000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
572700000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6700000 | USD |
CY2019Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-7600000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
4700000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
1800000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3900000 | USD |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition
|
600000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
565800000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6700000 | USD |
CY2020Q1 | us-gaap |
Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
|
100400000 | USD |
CY2019Q1 | us-gaap |
Operating Leases Income Statement Depreciation Expense On Property Subject To Or Held For Lease
OperatingLeasesIncomeStatementDepreciationExpenseOnPropertySubjectToOrHeldForLease
|
100000000.0 | USD |
CY2020Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
14000000.0 | USD |
CY2019Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
13300000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1800000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1700000 | USD |
CY2020Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
900000 | USD |
CY2019Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1600000 | USD |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3200000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3900000 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6300000 | USD |
CY2019Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
12300000 | USD |
CY2019Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
12300000 | USD |
CY2020Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-800000 | USD |
CY2019Q1 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
3300000 | USD |
CY2020Q1 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
2400000 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
|
-1600000 | USD |
CY2020Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
3100000 | USD |
CY2019Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
3400000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6000000.0 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3700000 | USD |
CY2020Q1 | hri |
Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
|
3400000 | USD |
CY2019Q1 | hri |
Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
|
-2300000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-11400000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2300000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
31200000 | USD |
CY2020Q1 | hri |
Proceedsfromthe Saleof Equipmenton Lease
ProceedsfromtheSaleofEquipmentonLease
|
34600000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
101500000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
131200000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
|
83000000.0 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
|
82600000 | USD |
CY2019Q1 | hri |
Disposalsof Property Subjecttoor Availablefor Operating Leasebutnot Yet Received
DisposalsofPropertySubjecttoorAvailableforOperatingLeasebutnotYetReceived
|
7500000 | USD |
CY2019Q1 | hri |
Proceedsfromthe Saleof Equipmenton Lease
ProceedsfromtheSaleofEquipmentonLease
|
69600000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15500000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11400000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1600000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
900000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-62300000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-23500000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
261000000.0 | USD |
CY2019Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
62300000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
271700000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
172700000 | USD |
CY2020Q1 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
|
0 | USD |
CY2019Q1 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
|
4700000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
3200000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
4200000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
600000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
500000 | USD |
CY2020Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2500000 | USD |
CY2019Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1800000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-15800000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-111200000 | USD |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-600000 | USD |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
200000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22800000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3300000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33000000.0 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
27800000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
55800000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24500000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
41500000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
15300000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
700000 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-1300000 | USD |
CY2020Q1 | hri |
Purchasesof Property Subjecttoor Availablefor Operating Leasebutnot Yet Paid
PurchasesofPropertySubjecttoorAvailableforOperatingLeasebutnotYetPaid
|
24600000 | USD |
CY2019Q1 | hri |
Purchasesof Property Subjecttoor Availablefor Operating Leasebutnot Yet Paid
PurchasesofPropertySubjecttoorAvailableforOperatingLeasebutnotYetPaid
|
25400000 | USD |
CY2020Q1 | hri |
Disposalsof Property Subjecttoor Availablefor Operating Leasebutnot Yet Received
DisposalsofPropertySubjecttoorAvailableforOperatingLeasebutnotYetReceived
|
1900000 | USD |
CY2020Q1 | hri |
Disposalsof Property Plantand Equipmentin Accounts Receivable
DisposalsofPropertyPlantandEquipmentinAccountsReceivable
|
0 | USD |
CY2019Q1 | hri |
Disposalsof Property Plantand Equipmentin Accounts Receivable
DisposalsofPropertyPlantandEquipmentinAccountsReceivable
|
1100000 | USD |
CY2020Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<span style="font-family:inherit;font-size:10pt;font-weight:bold;">Background </span><span style="font-family:inherit;font-size:10pt;font-weight:bold;"> </span><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Herc Holdings Inc. ("we," "us," "our," "Herc Holdings," "the Company" or, as the context requires, "its") is one of the leading equipment rental suppliers with approximately </span><span style="font-family:inherit;font-size:10pt;"><span>275</span></span><span style="font-family:inherit;font-size:10pt;"> locations at </span><span style="font-family:inherit;font-size:10pt;">March 31, 2020</span><span style="font-family:inherit;font-size:10pt;">, principally in North America. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). Operations are conducted under the Herc Rentals brand in the United States and Canada and under the Hertz Equipment Rental brand in other international locations. With over 50 years of experience, the Company is a full-line equipment rental supplier offering a broad portfolio of equipment for rent. In addition to its principal business of equipment rental, the Company sells used equipment and contractor supplies such as construction consumables, tools, small equipment and safety supplies; provides repair, maintenance, equipment management services and safety training to certain of its customers; offers equipment re-rental services and provides on-site support to its customers; and provides ancillary services such as equipment transport, rental protection, cleaning, refueling and labor. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company's classic fleet includes aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction and lighting. The Company's equipment rental business is supported by ProSolutions</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">R</sup></span><span style="font-family:inherit;font-size:10pt;">, its industry-specific solutions-based services, which includes power generation, climate control, remediation and restoration, and studio and production equipment, and its ProContractor professional grade tools.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On June 30, 2016, the Company, in its previous form as the holding company of both the existing equipment rental operations as well as the former vehicle rental operations (in its form prior to the Spin-Off, "Hertz Holdings"), completed a spin-off (the "Spin-Off") of its global vehicle rental business through a dividend to stockholders of all of the issued and outstanding common stock of Hertz Rental Car Holding Company, Inc., which was re-named Hertz Global Holdings, Inc. ("New Hertz") in connection with the Spin-Off. New Hertz is an independent public company and continues to operate its global vehicle rental business through its operating subsidiaries including The Hertz Corporation ("THC"). The Company changed its name to Herc Holdings Inc. on June 30, 2016.</span></div> | |
CY2019Q1 | hri |
Numberof Company Operated Branches
NumberofCompanyOperatedBranches
|
275 | company_operated_branch |
CY2020Q1 | hri |
Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
|
353500000 | USD |
CY2019Q1 | hri |
Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
|
346700000 | USD |
CY2020Q1 | hri |
Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
|
33000000.0 | USD |
CY2019Q1 | hri |
Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
|
30900000 | USD |
CY2020Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
386500000 | USD |
CY2019Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
377600000 | USD |
CY2020Q1 | hri |
Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
|
40000000.0 | USD |
CY2019Q1 | hri |
Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
|
85100000 | USD |
CY2020Q1 | hri |
Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
|
7000000.0 | USD |
CY2019Q1 | hri |
Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
|
10900000 | USD |
CY2020Q1 | hri |
Servicesand Other Revenues
ServicesandOtherRevenues
|
2700000 | USD |
CY2019Q1 | hri |
Servicesand Other Revenues
ServicesandOtherRevenues
|
2100000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
436200000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
475700000 | USD |
CY2020Q1 | hri |
Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
|
40000000.0 | USD |
CY2019Q1 | hri |
Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
|
85100000 | USD |
CY2020Q1 | hri |
Sales Revenue New Equipment
SalesRevenueNewEquipment
|
3000000.0 | USD |
CY2019Q1 | hri |
Sales Revenue New Equipment
SalesRevenueNewEquipment
|
4500000 | USD |
CY2020Q1 | hri |
Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
|
4000000.0 | USD |
CY2019Q1 | hri |
Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
|
6400000 | USD |
CY2020Q1 | hri |
Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
|
47000000.0 | USD |
CY2019Q1 | hri |
Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
|
96000000.0 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
17400000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
15600000 | USD |
CY2020Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
|
3786200000 | USD |
CY2019Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
|
3821600000 | USD |
CY2020Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
1345800000 | USD |
CY2019Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
|
1331600000 | USD |
CY2020Q1 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
2440400000 | USD |
CY2019Q4 | us-gaap |
Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
|
2490000000.0 | USD |
CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
10500000 | USD |
CY2020Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
4000000.0 | USD |
CY2020Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6300000 | USD |
CY2020Q1 | hri |
Notereceivablerelatedtosaleofjointventure
Notereceivablerelatedtosaleofjointventure
|
12700000 | USD |
CY2020Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
24300000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
22400000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
3100000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
2400000 | USD |
CY2020Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
400000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
400000 | USD |
CY2020Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
15100000 | USD |
CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
14700000 | USD |
CY2020Q1 | us-gaap |
Lease Cost
LeaseCost
|
12700000 | USD |
CY2020Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
12000000.0 | USD |
CY2019Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
11600000 | USD |
CY2020Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
800000 | USD |
CY2019Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1600000 | USD |
CY2020Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
7700000 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
7900000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
2063800000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
2078500000 | USD |
CY2020Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
22200000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
27000000.0 | USD |
CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2041600000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
2051500000 | USD |
CY2020Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
1089400000 | USD |
CY2020Q1 | hri |
Lineof Credit Facility Remaining Borrowing Capacity Under Borrowing Base Limitation
LineofCreditFacilityRemainingBorrowingCapacityUnderBorrowingBaseLimitation
|
1081500000 | USD |
CY2017Q4 | hri |
Sale Leaseback Transaction Numberof Properties
SaleLeasebackTransactionNumberofProperties
|
42 | property |
CY2017Q4 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
|
119500000 | USD |
CY2018Q4 | hri |
Sale Leaseback Transaction Numberof Properties
SaleLeasebackTransactionNumberofProperties
|
2 | property |
CY2018 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
|
6400000 | USD |
CY2017Q4 | hri |
Sale Leaseback Transaction Lease Term Period
SaleLeasebackTransactionLeaseTermPeriod
|
P20Y | |
CY2017Q4 | hri |
Sale Leaseback Transaction Renewal Term Numberof Additional Terms
SaleLeasebackTransactionRenewalTermNumberofAdditionalTerms
|
5 | period |
hri |
Sale Leaseback Transaction Length Of Each Additional Period
SaleLeasebackTransactionLengthOfEachAdditionalPeriod
|
P5Y | ||
CY2019Q1 | us-gaap |
Sale Leaseback Transaction Gross Proceeds Financing Activities
SaleLeasebackTransactionGrossProceedsFinancingActivities
|
4700000 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1100000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3100000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
0 | USD |
CY2020Q1 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
200000 | USD |
CY2020Q1 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
5600000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-3700000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-6700000 | USD |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28900000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28600000 | shares |
CY2020Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2019Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28900000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28600000 | shares |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.13 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.23 |