United Rentals, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, total revenues were $1,523 million against $1,523 million for the same period last year. Operating income was $402 million against $397 million for the same period last year. Income before provision for income taxes was $242 million against $292 million for the same period last year. Net income was $153 million or $1.80 per diluted share against $169 million or $1.81 per diluted share for the same period last year. Net cash provided by operating activities was $323 million against $438 million for the same period last year. Purchases of rental equipment amounted $101 million against $109 million for the same period last year. Purchases of non-rental equipment amounted $28 million against $26 million for the same period last year. Earnings per share - adjusted were $2.67 against $2.19 for the same period last year. EBITDA was $722 million against $717 million for the same period last year. Adjusted EBITDA was $749 million against $744 million for the same period last year. Free cash flow was $336 million against $411 million a year ago.

For the year, total revenues were $5,762 million, against $5,817 million for the same period last year. Operating income was $1,415 million against $1,518 million for the same period last year. Income before provision for income taxes was $909 million against $963 million for the same period last year. Net income was $566 million or $6.45 per diluted share against $585 million or $6.07 per diluted share for the same period last year. Net cash provided by operating activities was $1,953 million against $1,995 million for the same period last year. Purchases of rental equipment amounted $1,246 million against $1,534 million for the same period last year. Purchases of non-rental equipment amounted $93 million against $102 million for the same period last year. Earnings per share - adjusted were $8.65 against $8.02 for the same period last year. EBITDA was $2,665 million against $2,774 million for the same period last year. Adjusted EBITDA was $2,759 million against $2,832 million for the same period last year. Free cash flow was $1,182 million against $919 million a year ago.

The company also provided the outlook for the full year 2017. For the year, the company expects net cash provided by operating activities in the range of $1,675 million to $1,875 million. Purchases of rental equipment is expected to be in the range of $1,400 million to $1,500 million, purchases of non-rental equipment is expected to be in the range of $75 million to $125 million, free cash flow is expected to be in the range of $650 million to $750 million. Total revenue is expected to be in the range of $5.75 billion to $5.95 billion, adjusted EBITDA to be in the range of $2.7 billion to $2.85 billion.