UNITED RENTALS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (In millions, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Revenues: Equipment rentals $ 1,367 $ 1,204 $ 2,533 $ 2,321 Sales of rental equipment 133 134 239 249 of new equipment 47 36 86 66 Contractor supplies sales 21 22 39 41 Service and other revenues 29 25 56 54 1,597 1,421 2,953 2,731 Total revenues Cost of revenues: Cost of equipment rentals, excluding depreciation 525 456 999 905 Depreciation of rental equipment 266 242 514 485 Cost of rental equipment sales 81 79 141 147 Cost of new equipment sales 40 29 74 54 Cost of contractor supplies sales 15 15 28 28 Cost of service and other revenues 15 10 28 22 942 831 1,784 1,641 Total cost of revenues profit 655 590 1,169 1,090 Selling, general and administrative expenses 218 177 411 354 Merger related costs 14 16 — — Restructuring charge 19 2 19 4 Non-rental depreciation and amortization 64 64 126 131 340 347 597 601 Operating income Interest expense, net 113 132 207 239 Other income, net (2) (2) — 229 217 390 364 Income before provision for income taxes Provision for income taxes 88 83 140 138 $ 141 $ 134 $ 250 $ 226 Net income $ 1.65 $ 1.52 $ 2.92 $ 2.52 Diluted earnings per share
UNITED RENTALS, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (In millions, except per share amounts) Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Revenues: Equipment rentals $ 1,367 $ 1,204 $ 2,533 $ 2,321 Sales of rental equipment 133 134 239 249 of new equipment 47 36 86 66 Contractor supplies sales 21 22 39 41 Service and other revenues 29 25 56 54 Total revenues 1,597 1,421 2,953 2,731 Cost of revenues: Cost of equipment rentals, excluding depreciation 525 456 999 905 Depreciation of rental equipment 266 242 514 485 Cost of rental equipment sales 81 79 141 147 Cost of new equipment sales 40 29 74 54 Cost of contractor supplies sales 15 15 28 28 Cost of service and other revenues 15 10 28 22 Total cost of revenues 942 831 1,784 1,641 profit 655 590 1,169 1,090 Selling, general and administrative expenses 218 177 411 354 Merger related costs 14 — 16 — Restructuring charge 19 2 19 4 Non-rental depreciation and amortization 64 64 126 131 Operating income 340 347 597 601 Interest expense, net 113 132 207 239 Other income, net — Income before provision for income taxes 229 217 390 364 Provision for income taxes 88 83 140 138 Net income $ 141 $ 134 $ 250 $ 226 Diluted earnings per share $ 1.65 $ 1.52 $ 2.92 $ 2.52 (2) (2)
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