Mcgrath Rentcorp (MGRC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 174,621 | 115,138 | 89,705 | 101,984 | 96,806 |
| Depreciation Amortization | 109,383 | 111,360 | 106,710 | 94,654 | 89,487 |
| Income taxes - deferred | -16,952 | 4,486 | 26,348 | -2,193 | N/A |
| Accounts receivable | -37,776 | -31,361 | -24,397 | 3,440 | -7,323 |
| Other Working Capital | -85,534 | -7,797 | -9,906 | -1,426 | 16,189 |
| Other Operating Activity | -48,399 | 2,606 | 7,283 | -15,955 | -7,165 |
| Operating Cash Flow | $95,343 | $194,432 | $195,743 | $180,504 | $187,994 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -197,798 | -131,427 | -59,488 | -53,001 | -135,336 |
| Net Acquisitions | -194,070 | N/A | -292,209 | N/A | -7,808 |
| Other Investing Activity | 0 | 0 | 1 | 0 | 0 |
| Investing Cash Flow | $-391,868 | $-131,427 | $-351,696 | $-53,001 | $-143,144 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 75,000 | N/A | 100,000 | N/A | N/A |
| Debt Repayment | N/A | -60,000 | -40,000 | N/A | N/A |
| Common Stock Repurchased | N/A | N/A | N/A | -13,617 | N/A |
| Dividend Paid | -45,556 | -44,269 | -42,182 | -39,769 | -35,539 |
| Other Financing Activity | 266,992 | 40,736 | 138,384 | -75,065 | -8,477 |
| Financing Cash Flow | $296,436 | $-63,533 | $156,202 | $-128,451 | $-44,016 |
| Exchange Rate Effect | 9 | -6 | 4 | -156 | N/A |
| Beginning Cash Position | 957 | 1,491 | 1,238 | 2,342 | 1,508 |
| End Cash Position | 877 | 957 | 1,491 | 1,238 | 2,342 |
| Net Cash Flow | $-80 | $-534 | $253 | $-1,104 | $834 |
| Free Cash Flow | |||||
| Operating Cash Flow | 95,343 | 194,432 | 195,743 | 180,504 | 187,994 |
| Capital Expenditure | -273,668 | -205,306 | -116,825 | -100,053 | -179,783 |
| Free Cash Flow | -178,325 | -10,874 | 78,918 | 80,451 | 8,211 |