2021 Q1 Form 10-Q Financial Statement

#000136447921000019 Filed on April 22, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $453.8M $436.2M
YoY Change 4.03% -8.3%
Cost Of Revenue $201.8M $212.4M
YoY Change -4.99% -17.8%
Gross Profit $252.0M $223.8M
YoY Change 12.6% 2.99%
Gross Profit Margin 55.53% 51.31%
Selling, General & Admin $65.50M $69.80M
YoY Change -6.16% -2.38%
% of Gross Profit 25.99% 31.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $116.2M $116.2M
YoY Change 0.0% 1.04%
% of Gross Profit 46.11% 51.92%
Operating Expenses $65.50M $69.80M
YoY Change -6.16% -2.38%
Operating Profit $186.5M $154.0M
YoY Change 21.1% 5.62%
Interest Expense -$21.40M -$24.40M
YoY Change -12.3% -25.84%
% of Operating Profit -11.47% -15.84%
Other Income/Expense, Net $200.0K -$1.200M
YoY Change -116.67% 300.0%
Pretax Income $41.10M -$2.600M
YoY Change -1680.77% -73.47%
Income Tax $8.200M $1.100M
% Of Pretax Income 19.95%
Net Earnings $32.90M -$3.700M
YoY Change -989.19% -44.78%
Net Earnings / Revenue 7.25% -0.85%
Basic Earnings Per Share $1.12 -$0.13
Diluted Earnings Per Share $1.09 -$0.13
COMMON SHARES
Basic Shares Outstanding 29.50M shares 28.90M shares
Diluted Shares Outstanding 30.20M shares 28.90M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.90M $55.80M
YoY Change -41.04% 127.76%
Cash & Equivalents $32.90M $55.80M
Short-Term Investments
Other Short-Term Assets $31.50M $4.000M
YoY Change 687.5% -88.06%
Inventory
Prepaid Expenses
Receivables $299.6M $288.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $364.0M $395.5M
YoY Change -7.96% 5.64%
LONG-TERM ASSETS
Property, Plant & Equipment $2.798B $306.2M
YoY Change 813.85% 11.96%
Goodwill $100.6M $93.60M
YoY Change 7.48% 2.86%
Intangibles $294.6M $290.2M
YoY Change 1.52% -0.92%
Long-Term Investments
YoY Change
Other Assets $18.60M $22.20M
YoY Change -16.22% -37.64%
Total Long-Term Assets $3.212B $3.372B
YoY Change -4.74% 2.42%
TOTAL ASSETS
Total Short-Term Assets $364.0M $395.5M
Total Long-Term Assets $3.212B $3.372B
Total Assets $3.576B $3.767B
YoY Change -5.08% 2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.0M $135.4M
YoY Change 7.83% -16.52%
Accrued Expenses $127.5M $107.1M
YoY Change 19.05% -10.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $11.70M $22.20M
YoY Change -47.3% -5.93%
Total Short-Term Liabilities $322.8M $299.1M
YoY Change 7.92% -10.85%
LONG-TERM LIABILITIES
Long-Term Debt $1.585B $2.042B
YoY Change -22.36% 1.1%
Other Long-Term Liabilities $44.70M $39.00M
YoY Change 14.62% -11.36%
Total Long-Term Liabilities $44.70M $39.00M
YoY Change 14.62% -11.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $322.8M $299.1M
Total Long-Term Liabilities $44.70M $39.00M
Total Liabilities $2.798B $3.147B
YoY Change -11.1% 1.51%
SHAREHOLDERS EQUITY
Retained Earnings -$244.6M -$354.9M
YoY Change -31.08% -12.46%
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 $778.0M $619.9M
YoY Change
Total Liabilities & Shareholders Equity $3.576B $3.767B
YoY Change -5.08% 2.75%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $32.90M -$3.700M
YoY Change -989.19% -44.78%
Depreciation, Depletion And Amortization $116.2M $116.2M
YoY Change 0.0% 1.04%
Cash From Operating Activities $134.7M $101.5M
YoY Change 32.71% -22.64%
INVESTING ACTIVITIES
Capital Expenditures $13.40M $15.50M
YoY Change -13.55% 35.96%
Acquisitions $0.00
YoY Change
Other Investing Activities $0.00 $36.20M
YoY Change -100.0% -48.65%
Cash From Investing Activities -$62.20M -$62.30M
YoY Change -0.16% 165.11%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$72.80M -$15.80M
YoY Change 360.76% -85.79%
NET CHANGE
Cash From Operating Activities $134.7M $101.5M
Cash From Investing Activities -$62.20M -$62.30M
Cash From Financing Activities -$72.80M -$15.80M
Net Change In Cash -$100.0K $22.80M
YoY Change -100.44% -790.91%
FREE CASH FLOW
Cash From Operating Activities $134.7M $101.5M
Capital Expenditures $13.40M $15.50M
Free Cash Flow $121.3M $86.00M
YoY Change 41.05% -28.21%

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CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-3700000 USD
CY2020Q1 us-gaap Equipment Expense
EquipmentExpense
100400000 USD
CY2021Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
13400000 USD
CY2020Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
14000000.0 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1800000 USD
CY2021Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
800000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
900000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3200000 USD
CY2021Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6300000 USD
CY2021Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7900000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
12300000 USD
CY2021Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
6200000 USD
CY2020Q1 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
800000 USD
CY2021Q1 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
5800000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Leased Assets Net Operating Leases
GainLossOnSaleOfLeasedAssetsNetOperatingLeases
-2400000 USD
CY2021Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2020Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
3100000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6500000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6000000.0 USD
CY2021Q1 hri Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
600000 USD
CY2020Q1 hri Increase Decrease In Inventories Prepaid Expense And Other Assets
IncreaseDecreaseInInventoriesPrepaidExpenseAndOtherAssets
3400000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3100000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-11400000 USD
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-24800000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-31200000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
134700000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101500000 USD
CY2021Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
90900000 USD
CY2020Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
83000000.0 USD
CY2021Q1 hri Proceedsfromthe Saleof Equipmenton Lease
ProceedsfromtheSaleofEquipmentonLease
40300000 USD
CY2020Q1 hri Proceedsfromthe Saleof Equipmenton Lease
ProceedsfromtheSaleofEquipmentonLease
34600000 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13400000 USD
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15500000 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1800000 USD
CY2020Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1600000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62200000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-62300000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
70000000.0 USD
CY2020Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
261000000.0 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
135000000.0 USD
CY2020Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
271700000 USD
CY2021Q1 hri Finance Lease And Financing Obligations Principal Payments
FinanceLeaseAndFinancingObligationsPrincipalPayments
2800000 USD
CY2020Q1 hri Finance Lease And Financing Obligations Principal Payments
FinanceLeaseAndFinancingObligationsPrincipalPayments
3200000 USD
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1500000 USD
CY2020Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2021Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
600000 USD
CY2020Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
600000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7100000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2500000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72800000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15800000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-600000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-100000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22800000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33000000.0 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33000000.0 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32900000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55800000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
36900000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
41500000 USD
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7600000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
700000 USD
CY2021Q1 hri Purchasesof Property Subjecttoor Availablefor Operating Leasebutnot Yet Paid
PurchasesofPropertySubjecttoorAvailableforOperatingLeasebutnotYetPaid
24500000 USD
CY2020Q1 hri Purchasesof Property Subjecttoor Availablefor Operating Leasebutnot Yet Paid
PurchasesofPropertySubjecttoorAvailableforOperatingLeasebutnotYetPaid
24600000 USD
CY2021Q1 hri Disposals Of Property Subjecttoor Available For Operating Lease But Not Yet Received
DisposalsOfPropertySubjecttoorAvailableForOperatingLeaseButNotYetReceived
400000 USD
CY2020Q1 hri Disposals Of Property Subjecttoor Available For Operating Lease But Not Yet Received
DisposalsOfPropertySubjecttoorAvailableForOperatingLeaseButNotYetReceived
1900000 USD
CY2021Q1 us-gaap Nature Of Operations
NatureOfOperations
Background <div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Herc Holdings Inc. ("we," "us," "our," "Herc Holdings," or "the Company") is one of the leading equipment rental suppliers with 280 locations in North America at March 31, 2021. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). With over 55 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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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®, 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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 began operating as an independent company and changed its name to Herc Holdings Inc. on June 30, 2016.</span></div>
CY2021Q1 hri Numberof Company Operated Branches
NumberofCompanyOperatedBranches
280 location
CY2021Q1 hri Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
364800000 USD
CY2020Q1 hri Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
353500000 USD
CY2021Q1 hri Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
35600000 USD
CY2020Q1 hri Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
33000000.0 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
400400000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
386500000 USD
CY2021Q1 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
44200000 USD
CY2020Q1 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
40000000.0 USD
CY2021Q1 hri Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
6100000 USD
CY2020Q1 hri Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
7000000.0 USD
CY2021Q1 hri Servicesand Other Revenues
ServicesandOtherRevenues
3100000 USD
CY2020Q1 hri Servicesand Other Revenues
ServicesandOtherRevenues
2700000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
453800000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
436200000 USD
CY2021Q1 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
44200000 USD
CY2020Q1 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
40000000.0 USD
CY2021Q1 hri Sales Revenue New Equipment
SalesRevenueNewEquipment
1900000 USD
CY2020Q1 hri Sales Revenue New Equipment
SalesRevenueNewEquipment
3000000.0 USD
CY2021Q1 hri Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
4200000 USD
CY2020Q1 hri Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
4000000.0 USD
CY2021Q1 hri Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
50300000 USD
CY2020Q1 hri Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
47000000.0 USD
CY2021Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
14200000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
13800000 USD
CY2021Q1 hri Rental Equipment Gross
RentalEquipmentGross
3621900000 USD
CY2020Q4 hri Rental Equipment Gross
RentalEquipmentGross
3613500000 USD
CY2021Q1 hri Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
1381600000 USD
CY2020Q4 hri Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
1353100000 USD
CY2021Q1 hri Rental Equipment Net
RentalEquipmentNet
2240300000 USD
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
400000 USD
CY2021Q1 us-gaap Sublease Income
SubleaseIncome
13400000 USD
CY2020Q1 us-gaap Sublease Income
SubleaseIncome
15100000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
13000000.0 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
12700000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
8800000 USD
CY2020Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12000000.0 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1700000 USD
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
800000 USD
CY2020Q4 hri Rental Equipment Net
RentalEquipmentNet
2260400000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6300000 USD
CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
2500000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
10200000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
23800000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
24300000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2300000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3100000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000 USD
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0318
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6800000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7100000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1596900000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1663700000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
11700000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12200000 USD
CY2021Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1585200000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1651500000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
1536600000 USD
CY2021Q1 hri Lineof Credit Facility Remaining Borrowing Capacity Under Borrowing Base Limitation
LineofCreditFacilityRemainingBorrowingCapacityUnderBorrowingBaseLimitation
1416000000.0 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8200000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 USD
CY2021Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
5000000.0 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29500000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28900000 shares
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
32900000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-3700000 USD
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30200000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28900000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13

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