2021 Q4 Form 10-K Financial Statement

#000136447922000007 Filed on February 10, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $578.0M $2.073B $520.4M
YoY Change 11.07% 16.38% -3.65%
Cost Of Revenue $226.6M $848.9M $253.4M
YoY Change -10.58% 2.25% 2.92%
Gross Profit $351.4M $1.224B $267.0M
YoY Change 31.61% 28.71% -9.15%
Gross Profit Margin 60.8% 59.05% 51.31%
Selling, General & Admin $118.1M $310.8M $90.90M
YoY Change 29.92% 20.75% -6.0%
% of Gross Profit 33.61% 25.39% 34.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $132.9M $488.7M $115.7M
YoY Change 14.87% 4.78% -5.16%
% of Gross Profit 37.82% 39.92% 43.33%
Operating Expenses $236.6M $310.8M $193.7M
YoY Change 22.15% 20.75% -7.41%
Operating Profit $114.8M $913.4M $73.30M
YoY Change 56.62% 31.67% -13.46%
Interest Expense -$22.50M $86.30M -$22.50M
YoY Change 0.0% -6.8% -16.97%
% of Operating Profit -19.6% 9.45% -30.7%
Other Income/Expense, Net $1.900M $2.200M -$100.0K
YoY Change -2000.0% -147.83% -116.67%
Pretax Income $91.40M $290.4M $45.00M
YoY Change 103.11% 208.61% -15.41%
Income Tax $19.60M $66.30M $9.500M
% Of Pretax Income 21.44% 22.83% 21.11%
Net Earnings $71.80M $224.1M $35.50M
YoY Change 102.25% 204.07% 1.14%
Net Earnings / Revenue 12.42% 10.81% 6.82%
Basic Earnings Per Share $7.57 $1.22
Diluted Earnings Per Share $2.362M $7.37 $1.19
COMMON SHARES
Basic Shares Outstanding 29.66M shares 29.60M shares 29.23M shares
Diluted Shares Outstanding 30.40M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.10M $35.10M $33.00M
YoY Change 6.36% 6.36% 0.0%
Cash & Equivalents $35.10M $35.10M $33.00M
Short-Term Investments
Other Short-Term Assets $46.50M $46.50M $32.90M
YoY Change 41.34% 41.34% -45.17%
Inventory
Prepaid Expenses
Receivables $388.1M $388.1M $301.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $469.7M $469.7M $367.1M
YoY Change 27.95% 27.95% -8.16%
LONG-TERM ASSETS
Property, Plant & Equipment $308.4M $3.387B $290.4M
YoY Change 6.2% 20.69% -6.86%
Goodwill $231.5M $100.5M
YoY Change 130.35% 7.37%
Intangibles $388.7M $295.9M
YoY Change 31.36% 1.51%
Long-Term Investments
YoY Change
Other Assets $13.10M $13.10M $18.20M
YoY Change -28.02% -28.02% -21.21%
Total Long-Term Assets $4.021B $4.021B $3.221B
YoY Change 24.82% 24.82% -5.74%
TOTAL ASSETS
Total Short-Term Assets $469.7M $469.7M $367.1M
Total Long-Term Assets $4.021B $4.021B $3.221B
Total Assets $4.490B $4.490B $3.588B
YoY Change 25.14% 25.14% -5.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $280.6M $280.6M $125.8M
YoY Change 123.05% 123.05% -0.55%
Accrued Expenses $195.4M $234.1M $154.3M
YoY Change 26.64% 72.13% 13.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.40M $15.20M $12.20M
YoY Change -6.56% -3.8% -54.81%
Total Short-Term Liabilities $529.9M $529.9M $328.0M
YoY Change 61.55% 61.55% 1.52%
LONG-TERM LIABILITIES
Long-Term Debt $1.916B $1.916B $1.652B
YoY Change 16.02% 16.02% -19.5%
Other Long-Term Liabilities $32.10M $530.7M $44.30M
YoY Change -27.54% 35.07% 13.59%
Total Long-Term Liabilities $32.10M $2.447B $44.30M
YoY Change -27.54% 19.68% 13.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $529.9M $529.9M $328.0M
Total Long-Term Liabilities $32.10M $2.447B $44.30M
Total Liabilities $3.514B $3.514B $2.846B
YoY Change 23.44% 23.44% -10.28%
SHAREHOLDERS EQUITY
Retained Earnings -$53.40M -$277.5M
YoY Change -80.76% -20.99%
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 $976.9M $976.9M $742.0M
YoY Change
Total Liabilities & Shareholders Equity $4.490B $4.490B $3.588B
YoY Change 25.14% 25.14% -5.99%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $71.80M $224.1M $35.50M
YoY Change 102.25% 204.07% 1.14%
Depreciation, Depletion And Amortization $132.9M $488.7M $115.7M
YoY Change 14.87% 4.78% -5.16%
Cash From Operating Activities $240.8M $744.0M $186.9M
YoY Change 28.84% 21.79% -3.86%
INVESTING ACTIVITIES
Capital Expenditures -$163.7M $48.00M -$80.30M
YoY Change 103.86% 15.94% -47.76%
Acquisitions $431.0M
YoY Change 845.18%
Other Investing Activities -$183.8M $0.00 $44.40M
YoY Change -513.96% -32.52%
Cash From Investing Activities -$347.5M -$961.3M -$35.90M
YoY Change 867.97% 363.28% -59.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities 106.7M $219.6M -173.9M
YoY Change -161.36% -154.09% 60.72%
NET CHANGE
Cash From Operating Activities 240.8M $744.0M 186.9M
Cash From Investing Activities -347.5M -$961.3M -35.90M
Cash From Financing Activities 106.7M $219.6M -173.9M
Net Change In Cash -0.0000001043 $2.100M -22.90M
YoY Change -100.0% 1247.06%
FREE CASH FLOW
Cash From Operating Activities $240.8M $744.0M $186.9M
Capital Expenditures -$163.7M $48.00M -$80.30M
Free Cash Flow $404.5M $696.0M $267.2M
YoY Change 51.38% 22.21% -23.24%

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Organization and Description of Business<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. ("Herc Holdings" or the "Company") is one of the leading equipment rental suppliers with 312 locations in North America as of December 31, 2021. The Company conducts substantially all of its operations through subsidiaries, including Herc Rentals Inc. ("Herc"). With over 56 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, pumps, trench shoring, studio and production equipment, and its ProContractor professional grade tools.</span></div>
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CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk </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 cash and cash equivalents are held in checking accounts, various investment grade institutional money market accounts or bank term deposits. Deposits held at banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions with reputable credit and therefore bear minimal credit risk. The Company seeks to mitigate such risks by spreading the risk across multiple counterparties and monitoring the risk profiles of these counterparties. In addition, the Company has credit risk from financial instruments used in hedging activities, when appropriate. The Company limits its exposure relating to financial instruments by diversifying the financial instruments among various counterparties, which consist of major financial institutions.</span></div>
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 reporting_unit
CY2020 hri Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
1401100000 USD
CY2021 hri Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
1728900000 USD
CY2019 hri Operating Leases Income Statement Lease Revenue Gross
OperatingLeasesIncomeStatementLeaseRevenueGross
1549900000 USD
CY2021 hri Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
181500000 USD
CY2020 hri Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
142600000 USD
CY2019 hri Operating Leases Income Statement Lease Revenue Other
OperatingLeasesIncomeStatementLeaseRevenueOther
151900000 USD
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1910400000 USD
CY2020 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1543700000 USD
CY2019 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
1701800000 USD
CY2021 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
113100000 USD
CY2020 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
198500000 USD
CY2019 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
242800000 USD
CY2021 hri Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
30100000 USD
CY2020 hri Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
28200000 USD
CY2019 hri Salesof New Equipment Partsand Supplies
SalesofNewEquipmentPartsandSupplies
44000000.0 USD
CY2021 hri Servicesand Other Revenues
ServicesandOtherRevenues
19500000 USD
CY2020 hri Servicesand Other Revenues
ServicesandOtherRevenues
10900000 USD
CY2019 hri Servicesand Other Revenues
ServicesandOtherRevenues
10400000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2073100000 USD
CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1781300000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1999000000 USD
CY2021 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
113100000 USD
CY2020 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
198500000 USD
CY2019 hri Sales Revenue Revenue Earning Equipment Gross
SalesRevenueRevenueEarningEquipmentGross
242800000 USD
CY2021 hri Sales Revenue New Equipment
SalesRevenueNewEquipment
7900000 USD
CY2020 hri Sales Revenue New Equipment
SalesRevenueNewEquipment
11500000 USD
CY2019 hri Sales Revenue New Equipment
SalesRevenueNewEquipment
21000000.0 USD
CY2021 hri Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
22200000 USD
CY2020 hri Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
16700000 USD
CY2019 hri Sales Revenue Partsand Supplies
SalesRevenuePartsandSupplies
23000000.0 USD
CY2021 hri Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
143200000 USD
CY2020 hri Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
226700000 USD
CY2019 hri Sales Revenue Revenue Earning Equipment Net
SalesRevenueRevenueEarningEquipmentNet
286800000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
11100000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
13800000 USD
CY2021Q4 hri Rental Equipment Gross
RentalEquipmentGross
4254800000 USD
CY2020Q4 hri Rental Equipment Gross
RentalEquipmentGross
3613500000 USD
CY2021Q4 hri Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
1589500000 USD
CY2020Q4 hri Rental Equipment Accumulated Depreciation
RentalEquipmentAccumulatedDepreciation
1353100000 USD
CY2021Q4 hri Rental Equipment Net
RentalEquipmentNet
2665300000 USD
CY2020Q4 hri Rental Equipment Net
RentalEquipmentNet
2260400000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
669300000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
624100000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
360900000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
333700000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
308400000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
290400000 USD
CY2021 us-gaap Depreciation Nonproduction
DepreciationNonproduction
55600000 USD
CY2020 us-gaap Depreciation Nonproduction
DepreciationNonproduction
54500000 USD
CY2019 us-gaap Depreciation Nonproduction
DepreciationNonproduction
54000000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
82800000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
73400000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
30800000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
32600000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
52000000.0 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
40800000 USD
CY2020 hri Impact Of Fair Value Mark Ups Useful Life Changes On Depreciation
ImpactOfFairValueMarkUpsUsefulLifeChangesOnDepreciation
700000 USD
CY2021 hri Business Acquisition Pro Forma Amortization Of Intangible Assets
BusinessAcquisitionProFormaAmortizationOfIntangibleAssets
4900000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2138000000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1867200000 USD
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
295000000.0 USD
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
97900000 USD
CY2021 hri Impact Of Fair Value Mark Ups Useful Life Changes On Depreciation
ImpactOfFairValueMarkUpsUsefulLifeChangesOnDepreciation
-1600000 USD
CY2020 hri Business Acquisition Pro Forma Amortization Of Intangible Assets
BusinessAcquisitionProFormaAmortizationOfIntangibleAssets
6800000 USD
CY2021 hri Business Acquisition Pro Forma Interest Expense
BusinessAcquisitionProFormaInterestExpense
2800000 USD
CY2020 hri Business Acquisition Pro Forma Interest Expense
BusinessAcquisitionProFormaInterestExpense
4200000 USD
CY2021 hri Business Acquisition Elimination Of Historic Interest
BusinessAcquisitionEliminationOfHistoricInterest
2400000 USD
CY2020 hri Business Acquisition Elimination Of Historic Interest
BusinessAcquisitionEliminationOfHistoricInterest
3600000 USD
CY2021 hri Business Acquisition Elimination Of Merger Related Costs
BusinessAcquisitionEliminationOfMergerRelatedCosts
600000 USD
CY2020 hri Business Acquisition Elimination Of Merger Related Costs
BusinessAcquisitionEliminationOfMergerRelatedCosts
0 USD
CY2021 hri Business Acquisition Pro Forma Pretax Income Loss
BusinessAcquisitionProFormaPretaxIncomeLoss
288700000 USD
CY2020 hri Business Acquisition Pro Forma Pretax Income Loss
BusinessAcquisitionProFormaPretaxIncomeLoss
91200000 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
775400000 USD
CY2019Q4 us-gaap Goodwill Gross
GoodwillGross
768500000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
674900000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
674900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
100500000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
93600000 USD
CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
131100000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
6900000 USD
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-100000 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
0 USD
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
906500000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
775400000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
675000000.0 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
674900000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
231500000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
100500000 USD
CY2020 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
163300000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45500000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117800000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
434200000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
45500000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
388700000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
58600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
25300000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
329200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
33300000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
295900000 USD
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y10M24D
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12400000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7000000 USD
CY2021Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2800000 USD
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
400000 USD
CY2020Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
4800000 USD
CY2020Q4 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1100000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
14500000 USD
CY2020Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
1700000 USD
CY2020Q2 hri Numberof Company Operated Branches
NumberofCompanyOperatedBranches
2 property
CY2020Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1500000 USD
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6300000 USD
CY2020Q1 us-gaap Other Assets Current
OtherAssetsCurrent
4000000 USD
CY2020Q1 us-gaap Other Assets
OtherAssets
6200000 USD
CY2019 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
4000000 USD
CY2020Q2 hri Numberof Company Operated Branches
NumberofCompanyOperatedBranches
6 property
CY2020Q2 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
24500000 USD
CY2020Q2 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-2800000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
115000000.0 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
83100000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
5100000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
5200000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
11100000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1300000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1500000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
72500000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
46600000 USD
CY2021 us-gaap Lease Cost
LeaseCost
58300000 USD
CY2020 us-gaap Lease Cost
LeaseCost
49100000 USD
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
58600000 USD
CY2020 us-gaap Short Term Lease Cost
ShortTermLeaseCost
31400000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
413700000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
255900000 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
52000000.0 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
40800000 USD
CY2021Q4 hri Operating Leaseand Finance Lease Rightof Use Asset
OperatingLeaseandFinanceLeaseRightofUseAsset
465700000 USD
CY2020Q4 hri Operating Leaseand Finance Lease Rightof Use Asset
OperatingLeaseandFinanceLeaseRightofUseAsset
296700000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38700000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32100000 USD
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
11400000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
12200000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
387400000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
234100000 USD
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
41200000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
28600000 USD
CY2021Q4 hri Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
478700000 USD
CY2020Q4 hri Operating Leaseand Finance Lease Liability
OperatingLeaseandFinanceLeaseLiability
307000000.0 USD
CY2021Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
30800000 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
32600000 USD
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y7M6D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M24D
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M6D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0294
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0341
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0278
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0324
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
39700000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
35500000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1300000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1500000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
9600000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
10800000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
268500000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
144400000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1400000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
22500000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
53000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
50300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
9800000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
48300000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
9400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
42000000.0 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
9300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
39100000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
8000000.0 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
292000000.0 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
7300000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
524700000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
56400000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
98600000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
3800000 USD
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
426100000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
52600000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55200000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
33400000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
31300000 USD
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
31500000 USD
CY2021Q4 hri Accrued Rebates
AccruedRebates
32100000 USD
CY2020Q4 hri Accrued Rebates
AccruedRebates
31900000 USD
CY2021Q4 hri Accrued Property Sales Useand Other Related Taxes
AccruedPropertySalesUseandOtherRelatedTaxes
36900000 USD
CY2020Q4 hri Accrued Property Sales Useand Other Related Taxes
AccruedPropertySalesUseandOtherRelatedTaxes
29100000 USD
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
13700000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
13500000 USD
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
13300000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2400000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
7300000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
7800000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5400000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4900000 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
195400000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
154300000 USD
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0278
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6100000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
7100000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1927500000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
1663700000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
11400000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12200000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1916100000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1651500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
11400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
8800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
689700000 USD
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