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Herc Holdings Inc. – ‘10-K’ for 12/31/22 – ‘EX-31.2’

On:  Tuesday, 2/14/23, at 6:32am ET   ·   For:  12/31/22   ·   Accession #:  1364479-23-6   ·   File #:  1-33139

Previous ‘10-K’:  ‘10-K’ on 2/10/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 2/13/24 for 12/31/23   ·   25 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/14/23  Herc Holdings Inc.                10-K       12/31/22  133:14M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.67M 
 2: EX-10.14 3  Material Contract                                   HTML     68K 
 3: EX-21.1     Subsidiaries List                                   HTML     37K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     33K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     39K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     39K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     37K 
13: R1          Cover                                               HTML     97K 
14: R2          Audit Information                                   HTML     39K 
15: R3          Consolidated Balance Sheets                         HTML    140K 
16: R4          Consolidated Balance Sheets (Parenthetical)         HTML     56K 
17: R5          Consolidated Statements of Operations               HTML    113K 
18: R6          Consolidated Statements of Comprehensive Income     HTML     80K 
19: R7          Consolidated Statements of Changes in Equity        HTML     99K 
20: R8          Consolidated Statements of Changes in Equity        HTML     35K 
                (Parenthetical)                                                  
21: R9          Consolidated Statements of Cash Flows               HTML    153K 
22: R10         Organization and Description of Business            HTML     38K 
23: R11         Basis of Presentation and Significant Accounting    HTML     76K 
                Policies                                                         
24: R12         Revenue Recognition                                 HTML    109K 
25: R13         Rental Equipment                                    HTML     40K 
26: R14         Property and Equipment                              HTML     62K 
27: R15         Business Combinations                               HTML     82K 
28: R16         Goodwill and Intangible Assets                      HTML     75K 
29: R17         Impairment                                          HTML     37K 
30: R18         Leases                                              HTML    149K 
31: R19         Accrued Liabilities                                 HTML     46K 
32: R20         Debt                                                HTML     90K 
33: R21         Financing Obligations                               HTML     55K 
34: R22         Employee Retirement Benefits                        HTML    168K 
35: R23         Stock-Based Compensation                            HTML    101K 
36: R24         Income Taxes                                        HTML    100K 
37: R25         Accumulated Other Comprehensive Income (Loss)       HTML     81K 
38: R26         Commitments and Contingencies                       HTML     41K 
39: R27         Fair Value Measurements                             HTML     48K 
40: R28         Earnings Per Share                                  HTML     53K 
41: R29         Related Party Transactions                          HTML     44K 
42: R30         Arrangements with New Hertz                         HTML     44K 
43: R31         Segment Information                                 HTML     63K 
44: R32         Schedule II - Valuation and Qualifying Accounts     HTML     55K 
45: R33         Basis of Presentation and Significant Accounting    HTML    124K 
                Policies (Policies)                                              
46: R34         Basis of Presentation and Significant Accounting    HTML     64K 
                Policies (Tables)                                                
47: R35         Revenue Recognition (Tables)                        HTML     95K 
48: R36         Rental Equipment (Tables)                           HTML     40K 
49: R37         Property and Equipment (Tables)                     HTML     64K 
50: R38         Business Combinations (Tables)                      HTML     79K 
51: R39         Goodwill and Intangible Assets (Tables)             HTML    106K 
52: R40         Leases (Tables)                                     HTML    108K 
53: R41         Accrued Liabilities (Tables)                        HTML     46K 
54: R42         Debt (Tables)                                       HTML     71K 
55: R43         Financing Obligations (Tables)                      HTML     55K 
56: R44         Employee Retirement Benefits (Tables)               HTML    232K 
57: R45         Stock-Based Compensation (Tables)                   HTML    103K 
58: R46         Income Taxes (Tables)                               HTML    101K 
59: R47         Accumulated Other Comprehensive Income (Loss)       HTML     83K 
                (Tables)                                                         
60: R48         Fair Value Measurements (Tables)                    HTML     41K 
61: R49         Earnings Per Share (Tables)                         HTML     52K 
62: R50         Segment Information (Tables)                        HTML     58K 
63: R51         Organization and Description of Business (Details)  HTML     37K 
64: R52         Basis of Presentation and Significant Accounting    HTML     40K 
                Policies - Concentration of Credit Risk (Details)                
65: R53         Basis of Presentation and Significant Accounting    HTML     38K 
                Policies - Rental Equipment (Details)                            
66: R54         Basis of Presentation and Significant Accounting    HTML     52K 
                Policies - Property and Equipment (Details)                      
67: R55         Basis of Presentation and Significant Accounting    HTML     42K 
                Policies - Goodwill and Indefinite-Lived                         
                Intangible Assets and Finite Lived Intangible and                
                Long-Lived Assets (Details)                                      
68: R56         Revenue Recognition - Narrative (Details)           HTML     45K 
69: R57         Revenue Recognition - Applicable Accounting         HTML     75K 
                Guidance for Revenue (Details)                                   
70: R58         Revenue Recognition - Disaggregation of Revenue     HTML     40K 
                (Details)                                                        
71: R59         Rental Equipment - Rental Equipment Components      HTML     38K 
                (Details)                                                        
72: R60         Property and Equipment - Components of Property     HTML     58K 
                and Equipment (Details)                                          
73: R61         Property and Equipment - Narrative (Details)        HTML     36K 
74: R62         Property and Equipment - Schedule of Property and   HTML     45K 
                Equipment and Related Amortization Recorded Under                
                Finance Leases (Details)                                         
75: R63         Property and Equipment - Assets Held Under          HTML     45K 
                Financing Obligation (Details)                                   
76: R64         Business Combinations - Narrative (Details)         HTML     68K 
77: R65         Business Combinations - Purchase Price Allocation   HTML     64K 
                - 2021 (Details)                                                 
78: R66         Business Combinations - Fair value and Useful       HTML     46K 
                Lives - 2021 (Details)                                           
79: R67         Business Combinations - Business Acquisition, Pro   HTML     64K 
                Forma Information (Details)                                      
80: R68         Goodwill and Intangible Assets - Narrative          HTML     63K 
                (Details)                                                        
81: R69         Goodwill and Intangible Assets - Goodwill           HTML     48K 
                Rollforward (Details)                                            
82: R70         Goodwill and Intangible Assets - Intangible Assets  HTML     57K 
                (Details)                                                        
83: R71         Impairment - Narrative (Details)                    HTML     52K 
84: R72         Leases - Narrative (Details)                        HTML     38K 
85: R73         Leases - Lease Expense (Details)                    HTML     50K 
86: R74         Leases - Balance Sheet Classification (Details)     HTML     75K 
87: R75         Leases - Cash Flow Information (Details)            HTML     45K 
88: R76         Leases - Maturities of Operating and Financing      HTML     74K 
                Lease Liabilities (Details)                                      
89: R77         Accrued Liabilities - Schedule of Accrued           HTML     52K 
                Liabilities (Details)                                            
90: R78         Debt - Summary (Details)                            HTML     70K 
91: R79         Debt - Nominal Principal Amounts of Debt            HTML     54K 
                Maturities (Details)                                             
92: R80         Debt - Senior Notes (Details)                       HTML     62K 
93: R81         Debt - ABL Credit Facility (Details)                HTML     57K 
94: R82         Debt - Other Borrowings (Details)                   HTML     39K 
95: R83         Debt - Outstanding Borrowings (Details)             HTML     44K 
96: R84         Debt - Letters of Credit (Details)                  HTML     41K 
97: R85         Financing Obligations - Narrative (Details)         HTML     39K 
98: R86         Financing Obligations - Obligations (Details)       HTML     51K 
99: R87         Financing Obligations - Future Minimum Financing    HTML     56K 
                Payments (Details)                                               
100: R88         Employee Retirement Benefits - Narrative (Details)  HTML     51K  
101: R89         Employee Retirement Benefits - Changes in           HTML     74K  
                Projected Benefit Obligation, Changes in Plan                    
                Assets and Funded Status of Plan (Details)                       
102: R90         Employee Retirement Benefits - Amounts Recognized   HTML     74K  
                in Balance Sheet and Other Comprehensive Income                  
                and Assumptions Used (Details)                                   
103: R91         Employee Retirement Benefits - Accumulated Benefit  HTML     47K  
                Plan Obligation in Excess of Fair Value of Plan                  
                Assets (Details)                                                 
104: R92         Employee Retirement Benefits - Net Periodic Costs   HTML     62K  
                (Benefits) (Details)                                             
105: R93         Employee Retirement Benefits - Fair Value of Plan   HTML     82K  
                Assets (Details)                                                 
106: R94         Employee Retirement Benefits - Estimated Future     HTML     54K  
                Benefit Payments (Details)                                       
107: R95         Stock-Based Compensation - Narrative (Details)      HTML     77K  
108: R96         Stock-Based Compensation - Stock-Based              HTML     40K  
                Compensation Expense (Details)                                   
109: R97         Stock-Based Compensation - Summary of Option        HTML     72K  
                Activity (Details)                                               
110: R98         Stock-Based Compensation - Stock Options by         HTML     71K  
                Exercise Price Range (Details)                                   
111: R99         Stock-Based Compensation - Additional Information   HTML     41K  
                Pertaining to Option Activity (Details)                          
112: R100        Stock-Based Compensation - Summary of PSU Activity  HTML     63K  
                (Details)                                                        
113: R101        Stock-Based Compensation - Summary of RSU Activity  HTML     59K  
                (Details)                                                        
114: R102        Income Taxes - Income before Income Tax, Domestic   HTML     44K  
                and Foreign (Details)                                            
115: R103        Income Taxes - Summary of Provision for Income      HTML     60K  
                Taxes (Details)                                                  
116: R104        Income Taxes - Schedule of U.S. and Foreign         HTML     69K  
                Deferred Tax Assets and Liabilities (Details)                    
117: R105        Income Taxes - Narrative (Details)                  HTML     61K  
118: R106        Income Taxes - Reconciliation of Statutory and      HTML     53K  
                Effective Tax Rates (Details)                                    
119: R107        Accumulated Other Comprehensive Income (Loss) -     HTML     58K  
                Changes in AOCI (Details)                                        
120: R108        Accumulated Other Comprehensive Income (Loss) -     HTML     80K  
                Reclassification out of AOCI (Details)                           
121: R109        Commitments and Contingencies (Details)             HTML     37K  
122: R110        Fair Value Measurements - Borrowing Rates           HTML     50K  
                (Details)                                                        
123: R111        Earnings Per Share - Computation of Basic and       HTML     75K  
                Diluted Earnings (Loss) per Share (Details)                      
124: R112        Related Party Transactions (Details)                HTML     41K  
125: R113        Segment Information - Narrative (Details)           HTML     35K  
126: R114        Segment Information - Schedule of Geographical      HTML     44K  
                Information for Long-Lived Assets (Details)                      
127: R115        Segment Information - Rental Equipment and          HTML     53K  
                Property Equipment (Details)                                     
128: R116        Schedule II - Valuation of Qualifying Accounts      HTML     48K  
                (Details)                                                        
131: XML         IDEA XML File -- Filing Summary                      XML    247K  
129: XML         XBRL Instance -- hri-20221231_htm                    XML   3.61M  
130: EXCEL       IDEA Workbook of Financial Reports                  XLSX    237K  
 9: EX-101.CAL  XBRL Calculations -- hri-20221231_cal                XML    383K 
10: EX-101.DEF  XBRL Definitions -- hri-20221231_def                 XML   1.00M 
11: EX-101.LAB  XBRL Labels -- hri-20221231_lab                      XML   2.55M 
12: EX-101.PRE  XBRL Presentations -- hri-20221231_pre               XML   1.63M 
 8: EX-101.SCH  XBRL Schema -- hri-20221231                          XSD    255K 
132: JSON        XBRL Instance as JSON Data -- MetaLinks              676±  1.07M  
133: ZIP         XBRL Zipped Folder -- 0001364479-23-000006-xbrl      Zip    722K  


‘EX-31.2’   —   Certification — §302 – SOA’02


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EXHIBIT 31.2
CERTIFICATIONS

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

I, Mark Irion, certify that:
1.I have reviewed this annual report on Form 10-K for the year ended December 31, 2022 (this "report") of Herc Holdings Inc. (the "registrant");
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date:
February 14, 2023
By:
Senior Vice President and Chief Financial Officer (Principal Financial Officer)



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/14/238-K,  SC 13G
For Period end:12/31/22
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/18/23  SEC                               UPLOAD5/16/23    2:39K  Herc Holdings Inc.
 3/16/23  SEC                               UPLOAD5/16/23    2:42K  Herc Holdings Inc.


23 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/31/22  Herc Holdings Inc.                8-K:1,9     8/26/22   11:1.5M
 7/08/22  Herc Holdings Inc.                8-K:1,2,9   7/05/22   11:1.7M                                   Donnelley … Solutions/FA
 2/10/22  Herc Holdings Inc.                10-K       12/31/21  136:14M
 8/31/21  Herc Holdings Inc.                8-K:1,9     8/31/21   11:338K
 2/18/21  Herc Holdings Inc.                10-K       12/31/20  137:14M
12/04/20  Herc Holdings Inc.                8-K:5,9    12/03/20   13:344K
 9/01/20  Herc Holdings Inc.                8-K:1,9     9/01/20   13:273K
 2/27/20  Herc Holdings Inc.                10-K       12/31/19  136:16M
 8/01/19  Herc Holdings Inc.                10-Q        6/30/19   77:7.1M
 7/31/19  Herc Holdings Inc.                8-K:1,2,9   7/31/19   15:4M
 7/09/19  Herc Holdings Inc.                8-K:1,2,9   7/09/19    2:1M
 9/21/18  Herc Holdings Inc.                8-K:1,2,9   9/21/18    3:1.5M
 8/08/18  Herc Holdings Inc.                10-Q        6/30/18   69:5.3M
 4/02/18  Herc Holdings Inc.                DEF 14A     5/17/18    1:999K                                   Donnelley … Solutions/FA
 3/15/17  Herc Holdings Inc.                10-K       12/31/16  138:15M
10/18/16  Herc Holdings Inc.                8-K:5,9    10/18/16    2:4M
 8/09/16  Herc Holdings Inc.                10-Q        6/30/16   94:8.5M
 7/06/16  Herc Holdings Inc.                8-K:1,2,3,5 6/29/16   17:13M                                    Toppan Merrill/FA
 5/25/16  Herc Holdings Inc.                8-K:9       5/25/16   10:445K
 9/16/14  Herc Holdings Inc.                8-K:1,3,5,9 9/15/14    5:593K                                   Cravath Swaine & … 01/FA
 5/14/14  Herc Holdings Inc.                8-K:5,9     5/14/14    3:315K                                   Toppan Merrill/FA
 8/06/10  Herc Holdings Inc.                10-Q        6/30/10   42:6.7M                                   Toppan Merrill-FA
 3/30/07  Herc Holdings Inc.                10-K       12/31/06   29:12M                                    Toppan Merrill/FA
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Filing Submission 0001364479-23-000006   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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