Hertz 2007 Annual Report Download - page 128
Download and view the complete annual report
Please find page 128 of the 2007 Hertz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
 |
 |
HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands of Dollars, except share data)
Successor Predecessor
For the periods from
December 21, January 1,
2005 to 2005 to
Years ended December 31, December 31, December 20,
2007 2006 2005 2005
Revenues:
Car rental ........................ $6,800,657 $6,273,612 $129,448 $5,820,473
Equipment rental .................. 1,755,330 1,672,093 22,430 1,392,461
Other ........................... 129,644 112,700 2,591 101,811
Total revenues ................... 8,685,631 8,058,405 154,469 7,314,745
Expenses:
Direct operating ................... 4,644,148 4,475,974 102,958 4,086,344
Depreciation of revenue earning
equipment ..................... 2,003,360 1,757,202 43,827 1,555,862
Selling, general and administrative ...... 775,881 723,921 15,167 623,386
Interest, net of interest income of $41,303,
$42,553, $1,077 and $36,156 ........ 875,422 900,657 25,735 474,247
Total expenses .................. 8,298,811 7,857,754 187,687 6,739,839
Income (loss) before income taxes and
minority interest ................... 386,820 200,651 (33,218) 574,906
(Provision) benefit for taxes on income .... (102,571) (67,994) 12,243 (191,332)
Minority interest ..................... (19,690) (16,714) (371) (12,251)
Net income (loss) ................... $ 264,559 $ 115,943 $ (21,346) $ 371,323
Weighted average shares outstanding (in
thousands)
Basic ........................... 321,185 242,460 229,500 229,500
Diluted .......................... 325,487 243,354 229,500 229,500
Earnings (loss) per share
Basic ........................... $ 0.82 $ 0.48 $ (0.09) $ 1.62
Diluted .......................... $ 0.81 $ 0.48 $ (0.09) $ 1.62
The accompanying notes are an integral part of these financial statements.
108