United Rentals, Inc. announced unaudited consolidated earning results for the fourth quarter and full year ended December 31, 2013. For the quarter, total revenues were $1,338 million, against $1,249 million for the same period last year. Operating income was $342 million, against $236 million for the same period last year. Income before provision for income taxes was $226 million, against $39 million for the same period last year. Net income was $140 million or $1.31 per diluted share, against $41 million or $0.40 per diluted share for the same period last year. Net cash provided by operating activities was $436 million, against $226 million for the same period last year. Purchases of rental equipment was $81 million, against $163 million for the same period last year. Purchases of non-rental equipment was $33 million, against $21 million for the same period last year. Earnings per share - adjusted was $1.59, against $1.27 for the same period last year. EBITDA was $628 million, against $508 million for the same period last year. Adjusted EBITDA was $651 million, against $553 million for the same period last year.

For the year, total revenues were $4,955 million, against $4,117 million for the same period last year. Operating income was $1,078 million, against $591 million for the same period last year. Income before provision for income taxes was $605 million, against $88 million for the same period last year. Net income was $387 million or $3.64 per diluted share, against $75 million or $0.79 per diluted share for the same period last year. Net cash provided by operating activities was $1,551 million, against $721 million for the same period last year. Purchases of rental equipment was $1,580 million, against $1,272 million for the same period last year. Purchases of non-rental equipment was $104 million, against $97 million for the same period last year. Earnings per share - adjusted was $4.91, against $3.76 for the same period last year. EBITDA was $2,181 million, against $1,501 million for the same period last year. Adjusted EBITDA was $2,293 million, against $1,772 million for the same period last year.

The company also provided the outlook for the full year 2014. Total revenue in a range of $5.25 billion to $5.45 billion; Adjusted EBITDA in a range of $2.45 billion to $2.55 billion; An increase in rental rates of approximately 4.0% year-over-year; net rental capital expenditures of approximately $1.15 billion, after gross purchases of approximately $1.65 billion; and free cash flow in the range of $400 million to $450 million. Gross CapEx guidance for the full year to the $1.7 billion area.