Last 7 days
-5.6%
Last 30 days
-7.6%
Last 90 days
6.5%
Trailing 12 Months
-25.9%
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 9.0% | 1,573 | 1,443 | 1,442 | 1,455 | 1,167 |
Gross Profit | 15.1% | 384 | 333 | 310 | 274 | 210 |
Operating Expenses | 3.2% | 280 | 272 | 277 | 303 | 252 |
S&GA Expenses | 7.5% | 211 | 196 | 195 | 197 | 156 |
EBITDA | 3.5% | 332 | 321 | 127 | 37.00 | - |
EBITDA Margin | 3.5% | 0.23* | 0.22* | 0.09* | 0.03* | - |
Earnings Before Taxes | 752.0% | 47.00 | 5.00 | -17.19 | -153 | -177 |
EBT Margin | 131.9% | 0.00* | -0.01* | -0.11* | -0.15* | - |
Interest Expenses | -12.0% | 81.00 | 92.00 | 91.00 | 71.00 | 93.00 |
Net Income | 814.3% | 39.00 | 4.00 | -13.89 | -156 | -181 |
Net Income Margin | 130.6% | 0.00* | -0.01* | -0.11* | -0.16* | - |
Free Cahsflow | -49.4% | 31.00 | 60.00 | 121 | 139 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | 3.0% | 2,938 | 2,854 | 2,814 | 2,746 | 2,684 |
Current Assets | 8.3% | 868 | 802 | 783 | 713 | 657 |
Cash Equivalents | -45.1% | 14.00 | 26.00 | 29.00 | 24.00 | 36.00 |
Inventory | 7.4% | 597 | 556 | 536 | 464 | 411 |
Goodwill | 0.1% | 704 | 703 | 706 | 714 | 696 |
Current Liabilities | 12.9% | 635 | 562 | 531 | 491 | 441 |
Long Term Debt | 0.8% | 1,365 | 1,353 | 1,329 | 1,315 | - |
LT Debt, Current | 337.0% | 7.00 | 2.00 | 3.00 | 5.00 | 6.00 |
LT Debt, Non Current | -0.6% | 1,355 | 1,363 | 1,350 | 1,324 | 1,308 |
Shareholder's Equity | 3.1% | 888 | 862 | 870 | 859 | 859 |
Retained Earnings | 4.8% | -608 | -639 | -637 | -650 | -647 |
Additional Paid-In Capital | 0.2% | 1,521 | 1,519 | 1,514 | 1,513 | 1,509 |
Shares Outstanding | 0.1% | 248 | 248 | 248 | 247 | 247 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 50.6% | 46.00 | 31.00 | 60.00 | 121 | 139 |
Share Based Compensation | -12.9% | 12.00 | 14.00 | 15.00 | 20.00 | 17.00 |
Cashflow From Investing | -33.7% | -218 | -163 | -161 | -1,481 | -1,429 |
Cashflow From Financing | 9.6% | 154 | 140 | 103 | 1,381 | 1,323 |
Buy Backs | 115.1% | 10.00 | 5.00 | 0.00 | - | - |
73.5%
65.4%
48.9%
Y-axis is the maximum loss one would have experienced if Custom Truck One Source was unfortunately bought at previous high price.
-7.5%
39.7%
FIve years rolling returns for Custom Truck One Source.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -8.63 | - | 15,000 | -% |
2023-02-28 | Voya Investment Management LLC | unchanged | - | 12,280 | 152,280 | -% |
2023-02-15 | Metropolitan Life Insurance Co/NY | unchanged | - | 1,897 | 22,897 | -% |
2023-02-15 | MetLife Investment Management, LLC | reduced | -19.55 | -23,666 | 163,334 | -% |
2023-02-15 | JANE STREET GROUP, LLC | sold off | -100 | -272,000 | - | -% |
2023-02-15 | ALLIANCEBERNSTEIN L.P. | added | 27.84 | 74,864 | 269,864 | -% |
2023-02-14 | Covestor Ltd | added | 87.88 | - | - | -% |
2023-02-14 | ALGERT GLOBAL LLC | sold off | -100 | -98,000 | - | -% |
2023-02-14 | Ionic Capital Management LLC | reduced | -42.81 | -712,431 | 355,569 | 0.08% |
2023-02-14 | Mariner, LLC | added | 69.57 | 67,000 | 147,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Dec 16, 2022 | ecp controlco, llc | - | 0 | SC 13D/A | |
Feb 22, 2022 | blackstone holdings iii l.p. | 0% | 0 | SC 13D/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 1.00 -84.71% | 3.05 -53.36% | 8.80 34.56% | 19.16 192.97% | 40.00 511.62% |
Current Inflation | 0.91 -86.09% | 2.74 -58.10% | 7.72 18.04% | 16.55 153.06% | 34.21 423.09% |
Very High Inflation | 0.81 -87.61% | 2.36 -63.91% | 6.44 -1.53% | 13.52 106.73% | 27.58 321.71% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 14, 2023 | 8-K | Current Report | |
Mar 14, 2023 | 10-K | Annual Report | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Mar 09, 2023 | 4 | Insider Trading | |
Dec 16, 2022 | SC 13D/A | 13D - Major Acquisition |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-07 | Eperjesy Christopher J | acquired | - | - | 7,470 | chief financial officer |
2022-12-31 | Carlsen James | acquired | - | - | 4,376 | cio |
2022-12-31 | McMonagle Ryan | sold (taxes) | -110,714 | 6.32 | -17,518 | president, coo |
2022-12-31 | Ross Joe P. | acquired | - | - | 25,000 | president - sales |
2022-12-31 | Rich Thomas R. | acquired | - | - | 25,000 | evp - rentals |
2022-12-31 | Rich Thomas R. | sold (taxes) | -68,850 | 6.32 | -10,894 | evp - rentals |
2022-12-31 | Ross Fredrick M. Jr. | acquired | - | - | 43,750 | chief executive officer |
2022-12-31 | Ross Joe P. | sold (taxes) | -65,626 | 6.32 | -10,384 | president - sales |
2022-12-31 | Haubenreich Adam G. | sold (taxes) | -39,196 | 6.32 | -6,202 | vp and general counsel |
2022-12-31 | Carlsen James | sold (taxes) | -9,821 | 6.32 | -1,554 | cio |
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue | |||
Total revenue | $ 1,573,086 | $ 1,167,154 | $ 302,739 |
Cost of Revenue | |||
Depreciation of rental equipment | 171,703 | 157,110 | 78,532 |
Total cost of revenue | 1,189,338 | 957,141 | 226,296 |
Gross Profit | 383,748 | 210,013 | 76,443 |
Operating Expenses | |||
Selling, general and administrative expenses | 210,868 | 155,783 | 46,409 |
Amortization | 33,940 | 40,754 | 3,153 |
Non-rental depreciation | 9,414 | 3,613 | 95 |
Transaction expenses and other | 26,218 | 51,830 | 9,538 |
Total operating expenses | 280,440 | 251,980 | 59,195 |
Operating Income (Loss) | 103,308 | (41,967) | 17,248 |
Other Expense | |||
Loss on extinguishment of debt | 0 | 61,695 | 0 |
Interest expense, net | 88,906 | 72,843 | 63,200 |
Financing and other expense (income) | (32,330) | 571 | 5,399 |
Total other expense | 56,576 | 135,109 | 68,599 |
Income (Loss) Before Income Taxes | 46,732 | (177,076) | (51,351) |
Income Tax Expense (Benefit) | 7,827 | 4,425 | (30,074) |
Net Income (Loss) | 38,905 | (181,501) | (21,277) |
Other Comprehensive Income (Loss): | |||
Unrealized foreign currency translation adjustments, net of $505 tax | (8,947) | 0 | 0 |
Other Comprehensive Income (Loss) | (8,947) | 0 | 0 |
Comprehensive Income (Loss) | $ 29,958 | $ (181,501) | $ (21,277) |
Net Income (Loss) Per Share: | |||
Basic (in dollars per share) | $ 0.16 | $ (0.75) | $ (0.43) |
Diluted (in dollars per share) | $ 0.16 | $ (0.75) | $ (0.43) |
Weighted-Average Common Shares Outstanding: | |||
Basic (in shares) | 247,152 | 241,370 | 49,065 |
Diluted (in shares) | 247,705 | 241,370 | 49,065 |
Revenue | |||
Revenue | |||
Total revenue | $ 464,039 | $ 370,067 | $ 195,490 |
Cost of Revenue | |||
Cost of rental revenue | 110,272 | 99,885 | 61,207 |
Equipment sales | |||
Revenue | |||
Total revenue | 982,341 | 695,334 | 56,632 |
Cost of Revenue | |||
Cost of rental revenue | 805,852 | 618,444 | 47,407 |
Parts sales and services | |||
Revenue | |||
Total revenue | 126,706 | 101,753 | 50,617 |
Cost of Revenue | |||
Cost of rental revenue | $ 101,511 | $ 81,702 | $ 39,150 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
---|---|---|
Current Assets | ||
Cash and cash equivalents | $ 14,360 | $ 35,902 |
Accounts receivable, net | 193,106 | 168,394 |
Financing receivables, net | 38,271 | 28,649 |
Inventory | 596,724 | 410,542 |
Prepaid expenses and other | 25,784 | 13,217 |
Total current assets | 868,245 | 656,704 |
Property and equipment, net | 121,956 | 108,612 |
Rental equipment, net | 883,674 | 834,325 |
Goodwill | 703,827 | 695,865 |
Intangible assets, net | 304,132 | 327,840 |
Operating lease assets | 29,434 | 36,014 |
Other assets | 26,944 | 24,406 |
Total Assets | 2,938,212 | 2,683,766 |
Current Liabilities | ||
Accounts payable | 87,255 | 91,123 |
Accrued expenses | 68,784 | 60,337 |
Deferred revenue and customer deposits | 34,671 | 35,791 |
Floor plan payables - trade | 136,634 | 72,714 |
Floor plan payables - non-trade | 293,536 | 165,239 |
Operating lease liabilities - current | 5,262 | 4,987 |
Current maturities of long-term debt | 6,940 | 6,354 |
Current portion of finance lease obligations | 1,796 | 4,038 |
Total current liabilities | 634,878 | 440,583 |
Long-term debt, net | 1,354,766 | 1,308,265 |
Finance leases | 3,206 | 5,109 |
Operating lease liabilities - noncurrent | 24,818 | 31,514 |
Deferred income taxes | 29,086 | 15,621 |
Derivative, warrants and other liabilities | 3,015 | 24,164 |
Total long-term liabilities | 1,414,891 | 1,384,673 |
Commitments and contingencies (see Note 19) | ||
Stockholders' Equity | ||
Common stock — $0.0001 par value, 500,000,000 shares authorized, 248,311,104 and 247,358,412 shares issued and outstanding, at December 31, 2022 and December 31, 2021, respectively | 25 | 25 |
Treasury stock, at cost — 2,241,069 and 318,086 shares at December 31, 2022 and December 31, 2021, respectively | (15,537) | (3,020) |
Additional paid-in capital | 1,521,487 | 1,508,995 |
Accumulated other comprehensive loss | (8,947) | 0 |
Accumulated deficit | (608,585) | (647,490) |
Total stockholders' equity | 888,443 | 858,510 |
Total Liabilities and Stockholders' Equity | $ 2,938,212 | $ 2,683,766 |