Hertz 2007 Annual Report Download - page 168

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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
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 ............................... $6,920.6 $ 6,378.0 $ 131.8 $ 5,915.0
Equipment rental .......................... 1,755.9 1,672.6 22.5 1,392.8
Corporate and other ........................ 9.1 7.8 0.2 6.9
Total ................................ $8,685.6 $ 8,058.4 $ 154.5 $ 7,314.7
Adjusted pre-tax income (loss)(a)
Car rental ............................... $ 609.1 $ 472.3 $ (15.5) $ 395.1
Equipment rental .......................... 373.8 345.5 (9.4) 250.5
Corporate and other ........................ (322.2) (331.1) (8.1) (57.9)
Depreciation of revenue earning equipment
Car rental ............................... $1,695.4 $ 1,479.6 $ 37.4 $ 1,344.1
Equipment rental .......................... 308.0 277.6 6.4 211.8
Corporate and other ........................ — — — —
Total ................................ $2,003.4 $ 1,757.2 $ 43.8 $ 1,555.9
Depreciation of property and equipment
Car rental ............................... $ 130.8 $ 150.8 $ 4.1 $ 141.1
Equipment rental .......................... 40.4 40.5 1.2 36.4
Corporate and other ........................ 5.9 5.9 0.2 4.9
Total ................................ $ 177.1 $ 197.2 $ 5.5 $ 182.4
Amortization of other intangible assets
Car rental ............................... $ 30.4 $ 29.4 $ 1.1 $ 0.7
Equipment rental .......................... 32.2 32.2 1.0 —
Corporate and other ........................ — — — —
Total ................................ $ 62.6 $ 61.6 $ 2.1 $ 0.7
Interest expense, net of interest income
Car rental ............................... $ 436.8 $ 424.1 $ 15.8 $ 349.2
Equipment rental .......................... 146.3 140.0 3.4 86.4
Corporate and other ........................ 292.3 336.6 6.6 38.6
Total ................................ $ 875.4 $ 900.7 $ 25.8 $ 474.2
Revenue earning equipment and property and equipment
Car rental
Expenditures ........................... $10,764.7 $10,712.1 $ 234.9 $11,530.1
Proceeds from disposals .................... (9,073.2) (9,368.5) (199.8) (9,926.6)
Net expenditures ....................... $1,691.5 $ 1,343.6 $ 35.1 $ 1,603.5
Equipment rental
Expenditures ........................... $ 770.6 $ 929.6 $ 8.2 $ 987.9
Proceeds from disposals .................... (230.5) (260.4) (1.4) (255.8)
Net expenditures ....................... $ 540.1 $ 669.2 $ 6.8 $ 732.1
Corporate and other
Expenditures ........................... $ 2.8 $ 3.1 $ 0.2 $ 2.7
Proceeds from disposals .................... (9.5) — — (0.3)
Net expenditures ....................... $ (6.7) $ 3.1 $ 0.2 $ 2.4
December 31,
2007 2006
Total assets at end of year
Car rental .......................................................... $11,009.9 $10,597.0
Equipment rental ...................................................... 4,757.4 4,475.9
Corporate and other .................................................... 3,488.4 3,604.5
Total ............................................................ $19,255.7 $18,677.4
Revenue earning equipment, net, at end of year
Car rental .......................................................... $7,610.4 $ 7,366.4
Equipment rental ...................................................... 2,697.5 2,439.1
Corporate and other .................................................... — —
Total ............................................................ $10,307.9 $ 9,805.5
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