United Rentals, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's total revenues were $1,249 million compared with $746 million a year ago. Operating income was $236 million compared with $115 million a year ago. Income from continuing operations before (benefit) provision for income taxes was $39 million compared with $56 million a year ago. Income from continuing operations was $41 million or $0.40 per diluted share compared with $28 million or $0.39 per diluted share a year ago. Net income was $41 million or $0.40 per diluted share compared with $29 million or $0.39 per diluted share a year ago. Net cash provided by operating activities was $226 million compared with $159 million a year ago. Purchases of rental equipment were $163 million compared with $143 million a year ago. Adjusted earnings per share from continuing operations were $1.27 compared with $0.82 a year ago. EBITDA was $508 million compared with $245 million a year ago. Adjusted EBITDA was $553 million compared with $281 million a year ago.

For the year, the company's total revenues were $4,117 million compared with $2,611 million a year ago. Operating income was $591 million compared with $396 million a year ago. Income from continuing operations before (benefit) provision for income taxes was $88 million compared with $164 million a year ago. Income from continuing operations was $75 million or $0.79 per diluted share compared with $101 million or $1.38 per diluted share a year ago. Net income was $75 million or $0.79 per diluted share compared with $101 million or $1.38 per diluted share a year ago. Net cash provided by operating activities was $721 million compared with $612 million a year ago. Purchases of rental equipment were $1,272 million compared with $774 million a year ago. Adjusted earnings per share from continuing operations were $3.76 compared with $1.87 a year ago. EBITDA was $1,501 million compared with $879 million a year ago. Adjusted EBITDA was $1,772 million compared with $929 million a year ago. The company reported free cash flow on an as-reported basis and that number came in for the full year at $223 million of cash usage.

For full year 2013, the company expects total revenue in a range of $4.9 billion to $5.1 billion, adjusted EBITDA in a range of $2.25 billion to $2.35 billion, net rental capital expenditures of approximately $1.05 billion, after gross purchases of approximately $1.5 billion, and free cash flow in the range of $400 million to $500 million. The company expects tax rate to be upper half of the 30s. So 35%, 36%, 37%, in that area.