Operating cash flow was $277M for the quarter. Fleet capex of $312M was a source of cash in the fourth quarter, driven by fleet rejuvenation and seasonal de-fleeting. As a result, adjusted free cash flow was $424M, reflecting a 137% conversion from Adjusted Corporate EBITDA. The company acquired 19M shares, or 6% of its common stock, during the quarter.
Published first on TheFly
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