Hertz 2007 Annual Report Download - page 191

SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY BALANCE SHEETS
(In Thousands of Dollars)
December 31,
2007 2006
ASSETS
Cash and equivalents ..................................... $ 510 $ 2,718
Receivables ............................................. 5 31
Accounts receivable from Hertz affiliate ......................... 8,482 —
Prepaid expenses and other assets ............................ 24 —
Deferred taxes on income .................................. 13,892 15,732
Investments in subsidiaries .................................. 2,891,072 2,518,453
Total assets ......................................... $2,913,985 $2,536,934
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable ........................................ $ 49 $ 1,076
Accrued liabilities ......................................... 270 1,296
Accrued taxes ........................................... 277 —
Total liabilities ........................................ 596 2,372
Stockholders’ equity:
Common stock, $0.01 par value, 2,000,000,000 shares authorized,
321,862,083 and 320,618,692 shares issued .................. 3,219 3,206
Additional paid-in capital .................................. 2,469,213 2,427,293
Retained earnings ...................................... 270,450 9,535
Accumulated other comprehensive income .................... 170,507 94,528
Total stockholders’ equity ................................ 2,913,389 2,534,562
Total liabilities and stockholders’ equity ...................... $2,913,985 $2,536,934
The accompanying notes are an integral part of these financial statements.
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