Company: MGRC
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248724
Chunk: 1

Company: MCGRATH RENTCORP
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 ( 80,265                ( 193,599  
  Net increase in cash                                                                                                                                         6,449                    3,179  
  Cash balance, beginning of period                                                                                                                              807                      877  
  Cash balance, end of period                                                                                          $                                       7,256      $             4,056  
  Supplemental Disclosure of Cash Flow Information:                                                                                                                                            
  Gain on merger termination, net of transaction costs, presented under net cash provided by operating activities      $                                           —      $           118,843  
  Interest paid, during the period                                                                                     $                                      24,869      $            40,338  
  Net income taxes paid (refunded), during the period                                                                  $                                       6,537      $           ( 3,826  
  Dividends accrued during the period, not yet paid                                                                    $                                      12,535      $            12,241  
  Rental equipment acquisitions, not yet paid                                                                          $                                       8,459      $             3,333  
  Business acquisition payments withheld                                                                               $                                       1,815      $                 —  

The accompanying notes are an integral part of these condensed consolidated financial statements.

MCGRATH RENTCORP

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

September 30, 2025

NOTE 1. CONDENSED CONSOLIDATED FINANCIAL INFORMATION
The condensed consolidated financial statements for the nine months ended September 30, 2025 and 2024 have not been audited, but in the opinion of management, all adjustments (consisting of normal recurring accruals, consolidating and eliminating entries) necessary for the fair presentation of the consolidated financial position, results of operations and cash flows of McGrath RentCorp (the “ Company”) have been made. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “ SEC”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“ GAAP”) have been condensed or omitted pursuant to those rules and regulations. The consolidated results for the three and nine months ended September 30, 2025, should not be considered as necessarily indicative of the consolidated results for the entire fiscal year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s latest Annual Report on Form 10