Below are the financial statements of McGrath RentCorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Rental | 489.93a | 474.34a | 389.66a |
| Rental related services | 148.5a | 138.16a | 94.96a |
| Rental operations | 638.43a | 612.5a | 484.63a |
| Sales | 262.29a | 207.17a | 147.72a |
| Other | 10.23a | 12.18a | 3.32a |
| Total revenues | 910.94a | 831.84a | 635.67a |
| Costs and expenses | — | — | — |
| Direct costs of rental operations | — | — | — |
| Depreciation of rental equipment | -88.27a | -88.91a | -80.43a |
| Rental related services | -103.42a | -96.63a | -68.85a |
| Other | -109.12a | -114.94a | -104.36a |
| Total direct costs of rental operations | -300.8a | -300.48a | -253.63a |
| Costs of sales | -174.73a | -137.73a | -91.83a |
| Total costs of revenues | -475.53a | -438.21a | -345.46a |
| Gross profit | 435.42a | 393.63a | 290.21a |
| Expenses | — | — | — |
| Selling and administrative expenses | -200.43a | -207.54a | -142.91a |
| Other income, net | -9.28a | -3.62a | 0a |
| Income from operations | 244.26a | 189.71a | 147.29a |
| Interest expense | -47.24a | -40.56a | -12.23a |
| Foreign currency exchange loss (gain) | 0.22a | -0.31a | 0.38a |
| Gain on merger termination from WillScot Mobile Mini | -180a | 0a | 0a |
| WillScot Mobile Mini transaction costs | -63.16a | 0a | 0a |
| Income from continuing operations before provision for income taxes | 313.65a | 149.46a | 134.69a |
| Provision for income taxes from continuing operations | -81.92a | -37.61a | -31.38a |
| Income from continuing operations | 231.73a | 111.85a | 103.31a |
| Discontinued operations | — | — | — |
| Income from discontinued operations before provision for income taxes | 0a | 1.71a | 15.33a |
| Provision for income taxes from discontinued operations | 0a | -0.45a | -3.51a |
| Gain on sale of discontinued operations, net of tax | 0a | 61.51a | 0a |
| Income from discontinued operations | 0a | 62.77a | 11.83a |
| Net income | 231.73a | 174.62a | 115.14a |
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