HEES Financial Statements

Balance sheet, income statement, cash flow, and dividends for H&e Equipment Services Inc (HEES).


$1.91B Market Cap.

As of 02/23/2024 5:00 PM ET (MRY) • Disclaimer

HEES Market Cap. (MRY)


HEES Shares Outstanding (MRY)


HEES Assets (MRY)


Total Assets

$2.64B

Total Liabilities

$2.11B

Total Investments

$0

HEES Income (MRY)


Revenue

$1.47B

Net Income

$169.29M

Operating Expense

$407.76M

HEES Cash Flow (MRY)


CF Operations

$405.48M

CF Investing

-$608.76M

CF Financing

$130.45M

HEES Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2023

$1.10

2.10%

0.00%

23.45%

4.26

2022

$1.10

2.40%

0.00%

29.89%

3.35

2021

$1.10

2.50%

0.00%

38.87%

2.57

2020

$1.10

3.70%

0.00%

-120.88%

-0.83

2019

$1.10

3.30%

-

45.27%

2.21

HEES Balance Sheet (MRY)


Metric

2023

2022

2021

2020

Total Assets

$2,639,886,000 (15.19%)

$2,291,699,000 (10.15%)

$2,080,447,000 (5.05%)

$1,980,484,000 (0.30%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$140,731,000 (4.00%)

$135,321,000 (53.55%)

$88,128,000 (-4.31%)

$92,098,000 (-43.98%)

Shareholders Equity

$534,289,000 (33.23%)

$401,042,000 (32.19%)

$303,382,000 (27.35%)

$238,233,000 (-22.53%)

Property Plant & Equipment Net

$2,119,945,000 (23.27%)

$1,719,699,000 (24.62%)

$1,379,959,000 (10.29%)

$1,251,207,000 (-16.87%)

Cash & Equivalents

$8,500,000 (-89.55%)

$81,330,000 (-77.24%)

$357,296,000 (14.93%)

$310,882,000 (2082.09%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$109,931,000 (1.94%)

$107,842,000 (43.22%)

$75,299,000 (79.75%)

$41,890,000 (-50.99%)

Trade & Non-Trade Receivables

$247,430,000 (9.83%)

$225,294,000 (43.29%)

$157,226,000 (4.47%)

$150,502,000 (-21.70%)

Trade & Non-Trade Payables

$85,486,000 (-33.98%)

$129,482,000 (35.44%)

$95,604,000 (27.03%)

$75,262,000 (27.88%)

Accumulated Retained Earnings (Deficit)

$347,971,000 (59.11%)

$218,700,000 (72.70%)

$126,635,000 (98.44%)

$63,814,000 (-53.10%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$317,826,000 (17.21%)

$271,162,000 (34.75%)

$201,231,000 (17.67%)

$171,010,000 (-5.06%)

Total Debt

$1,613,996,000 (14.27%)

$1,412,494,000 (-0.26%)

$1,416,194,000 (0.81%)

$1,404,862,000 (4.26%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$2,105,597,000 (11.37%)

$1,890,657,000 (6.39%)

$1,777,065,000 (2.00%)

$1,742,251,000 (4.51%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

HEES Income Statement (MRY)


Metric

2023

2022

2021

2020

Revenues

$1,469,216,000 (18.06%)

$1,244,518,000 (17.10%)

$1,062,797,000 (5.54%)

$1,006,975,000 (-10.39%)

Cost of Revenue

$784,755,000 (13.84%)

$689,355,000 (6.47%)

$647,434,000 (-0.38%)

$649,912,000 (-4.56%)

Selling General & Administrative Expense

$405,432,000 (17.91%)

$343,845,000 (18.24%)

$290,791,000 (9.16%)

$266,397,000 (-7.17%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$407,757,000 (24.69%)

$327,009,000 (15.53%)

$283,043,000 (-9.76%)

$313,651,000 (9.45%)

Interest Expense

$60,891,000 (12.69%)

$54,033,000 (0.51%)

$53,758,000 (-13.00%)

$61,790,000 (-9.50%)

Income Tax Expense

$53,904,000 (14.60%)

$47,036,000 (122.29%)

$21,160,000 (257.58%)

-$13,428,000 (-159.06%)

Net Loss Income from Discontinued Operations

$0 (0%)

$1,524,000 (103.63%)

-$41,976,000 (-205.75%)

-$13,729,000 (23.82%)

Consolidated Income

$169,293,000 (28.09%)

$132,170,000 (28.90%)

$102,540,000 (413.89%)

-$32,667,000 (-137.46%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$169,293,000 (28.09%)

$132,170,000 (28.90%)

$102,540,000 (413.89%)

-$32,667,000 (-137.46%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$169,293,000 (28.09%)

$132,170,000 (28.90%)

$102,540,000 (413.89%)

-$32,667,000 (-137.46%)

Weighted Average Shares

$36,100,000 (0.44%)

$35,943,000 (-0.88%)

$36,261,000 (0.54%)

$36,067,000 (0.58%)

Weighted Average Shares Diluted

$36,329,000 (0.67%)

$36,089,000 (-0.99%)

$36,451,000 (1.06%)

$36,067,000 (0.09%)

Earning Before Interest & Taxes (EBIT)

$284,088,000 (21.80%)

$233,239,000 (31.43%)

$177,458,000 (1030.67%)

$15,695,000 (-91.19%)

Gross Profit

$684,461,000 (23.29%)

$555,163,000 (33.66%)

$415,363,000 (16.33%)

$357,063,000 (-19.37%)

Operating Income

$276,704,000 (21.28%)

$228,154,000 (72.43%)

$132,320,000 (204.80%)

$43,412,000 (-72.22%)

HEES Cash Flow Statement (MRY)


Metric

2023

2022

2021

2020

Net Cash Flow from Investing

-$608,762,000 (-11.39%)

-$546,537,000 (-219.66%)

-$170,975,000 (-910.65%)

$21,091,000 (106.47%)

Net Cash Flow from Financing

$130,449,000 (405.74%)

-$42,667,000 (-1.15%)

-$42,183,000 (-302.82%)

-$10,472,000 (-346.11%)

Net Cash Flow from Operations

$405,483,000 (29.45%)

$313,238,000 (20.67%)

$259,572,000 (-9.25%)

$286,016,000 (-10.40%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$72,830,000 (73.61%)

-$275,966,000 (-694.57%)

$46,414,000 (-84.35%)

$296,635,000 (12307.20%)

Net Cash Flow - Business Acquisitions and Disposals

-$31,265,000 (77.34%)

-$137,966,000 (-201.49%)

$135,945,000 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$577,497,000 (-41.35%)

-$408,571,000 (-33.12%)

-$306,920,000 (-1555.22%)

$21,091,000 (109.62%)

Issuance (Repayment) of Debt Securities

$176,541,000 (15572.48%)

-$1,141,000 (-246.81%)

-$329,000 (-100.46%)

$71,472,000 (57.68%)

Issuance (Purchase) of Equity Shares

-$6,053,000 (-262.46%)

-$1,670,000 (20.70%)

-$2,106,000 (-49.89%)

-$1,405,000 (16.57%)

Payment of Dividends & Other Cash Distributions

-$40,039,000 (-0.46%)

-$39,856,000 (-0.27%)

-$39,748,000 (-0.39%)

-$39,595,000 (-0.53%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$10,026,000 (38.04%)

$7,263,000 (63.88%)

$4,432,000 (1.60%)

$4,362,000 (-6.60%)

Depreciation Amortization & Accretion

$408,016,000 (29.32%)

$315,505,000 (14.36%)

$275,895,000 (-1.48%)

$280,040,000 (-2.82%)

HEES Financial Metrics (MRY)


Metric

2023

2022

2021

2020

Gross Margin

46.60% (4.48%)

44.60% (14.07%)

39.10% (10.14%)

35.50% (-9.90%)

Profit Margin

11.50% (8.49%)

10.60% (10.42%)

9.60% (400.00%)

-3.20% (-141.03%)

EBITDA Margin

47.10% (6.80%)

44.10% (3.28%)

42.70% (45.24%)

29.40% (-29.16%)

Return on Average Equity (ROAE)

35.80% (-5.29%)

37.80% (-4.55%)

39.60% (409.38%)

-12.80% (-141.83%)

Return on Average Assets (ROAA)

6.60% (10.00%)

6.00% (20.00%)

5.00% (377.78%)

-1.80% (-141.86%)

Return on Sales (ROS)

19.30% (3.21%)

18.70% (11.98%)

16.70% (943.75%)

1.60% (-89.94%)

Return on Invested Capital (ROIC)

7.20% (1.41%)

7.10% (24.56%)

5.70% (1040.00%)

0.50% (-90.91%)

Dividend Yield

2.10% (-12.50%)

2.40% (-4.00%)

2.50% (-32.43%)

3.70% (12.12%)

Price to Earnings Ratio (P/E)

11.16 (-9.57%)

12.34 (-21.13%)

15.64 (147.75%)

-32.76 (-338.12%)

Price to Sales Ratio (P/S)

1.29 (-1.91%)

1.31 (-13.18%)

1.51 (41.39%)

1.07 (0.09%)

Price to Book Ratio (P/B)

3.57 (-13.16%)

4.11 (-22.07%)

5.27 (16.76%)

4.52 (15.91%)

Debt to Equity Ratio (D/E)

3.94 (-16.40%)

4.71 (-19.53%)

5.86 (-19.90%)

7.31 (34.90%)

Earnings Per Share (EPS)

4.69 (27.45%)

3.68 (30.04%)

2.83 (410.99%)

-0.91 (-137.45%)

Sales Per Share (SPS)

40.7 (17.54%)

34.63 (18.13%)

29.31 (4.98%)

27.92 (-10.91%)

Free Cash Flow Per Share (FCFPS)

-4.76 (-79.68%)

-2.65 (-103.06%)

-1.31 (-115.34%)

8.52 (205.20%)

Book Value Per Share (BVPS)

14.8 (32.64%)

11.16 (33.36%)

8.37 (26.68%)

6.61 (-22.98%)

Tangible Assets Book Value Per Share (TABVPS)

69.23 (15.39%)

59.99 (9.19%)

54.94 (4.94%)

52.36 (3.72%)

Enterprise Value Over EBIT (EV/EBIT)

12 (0.00%)

12 (-25.00%)

16 (-88.65%)

141 (840.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

5.02 (-3.35%)

5.2 (-15.28%)

6.13 (-17.91%)

7.47 (32.59%)

Asset Turnover

0.57 (1.77%)

0.56 (9.07%)

0.52 (-5.13%)

0.55 (-1.44%)

Current Ratio

-

-

-

-

Dividends

$1.1 (0.00%)

$1.1 (0.00%)

$1.1 (0.00%)

$1.1 (0.00%)

Free Cash Flow (FCF)

-$172,014,000 (-80.43%)

-$95,333,000 (-101.35%)

-$47,348,000 (-115.42%)

$307,107,000 (206.92%)

Enterprise Value (EV)

$3,474,842,128 (21.90%)

$2,850,617,626 (2.55%)

$2,779,825,337 (25.84%)

$2,209,091,636 (-15.93%)

Earnings Before Tax (EBT)

$223,197,000 (24.55%)

$179,206,000 (44.87%)

$123,700,000 (368.36%)

-$46,095,000 (-141.93%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$692,104,000 (26.13%)

$548,744,000 (21.04%)

$453,353,000 (53.30%)

$295,735,000 (-36.59%)

Invested Capital

$4,104,651,000 (17.69%)

$3,487,542,000 (14.30%)

$3,051,217,000 (2.31%)

$2,982,366,000 (-5.12%)

Working Capital

-

-

-

-

Tangible Asset Value

$2,499,155,000 (15.90%)

$2,156,378,000 (8.23%)

$1,992,319,000 (5.50%)

$1,888,386,000 (4.32%)

Market Capitalization

$1,907,060,128 (15.69%)

$1,648,482,626 (3.03%)

$1,600,052,337 (48.71%)

$1,075,981,636 (-10.22%)

Average Equity

$472,251,500 (35.05%)

$349,696,250 (34.89%)

$259,240,750 (1.29%)

$255,951,250 (-10.12%)

Average Assets

$2,553,045,500 (15.97%)

$2,201,539,500 (7.37%)

$2,050,433,750 (11.25%)

$1,843,051,750 (-9.09%)

Invested Capital Average

$3,929,492,500 (19.44%)

$3,289,831,000 (6.26%)

$3,096,101,250 (5.76%)

$2,927,456,250 (-9.83%)

Shares

36,449,926 (0.38%)

36,310,190 (0.46%)

36,143,039 (0.13%)

36,094,654 (0.69%)