Hertz 2007 Annual Report Download - page 193
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SCHEDULE I (Continued)
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY STATEMENTS OF STOCKHOLDERS’ EQUITY
(In Thousands of Dollars, except share data)
Accumulated
Additional Retained Other Total
Number Common Paid-In Earnings Comprehensive Stockholders’
of Shares Stock Capital (Deficit) Income (Loss) Equity
Balance at:
December 21, 2005 .............. — $ — $ — $ — $ — $ —
Sale of common stock ........... 229,500,000 2,295 2,292,705 2,295,000
Net loss .................... (21,346) (21,346)
Total comprehensive loss of
subsidiaries ................ (7,472) (7,472)
Total Comprehensive Loss ......... (28,818)
December 31, 2005 .............. 229,500,000 2,295 2,292,705 (21,346) (7,472) 2,266,182
Net income .................. 131,414 131,414
Reduction in subsidiary equity for
dividends received ............ (15,471) (15,471)
Total comprehensive income of
subsidiaries ................ 95,562 95,562
Total Comprehensive Income (revised) . 211,505
Sale of common stock in initial public
offering ................... 88,235,000 882 1,259,384 1,260,266
Cash dividends ($4.32 and $1.12 per
common share) .............. (1,174,456) (85,062) (1,259,518)
Stock-based employee compensation . 25,452 25,452
Sale of stock under employee equity
offering ................... 2,883,692 29 24,208 24,237
Adjustment to initially apply FASB
Statement No. 158, net of tax ..... 6,438 6,438
December 31, 2006 .............. 320,618,692 3,206 2,427,293 9,535 94,528 2,534,562
Net income .................. 264,559 264,559
Total comprehensive income of
subsidiaries ................ 75,979 75,979
Total Comprehensive Income ....... 340,538
Stock-based employee compensation . 32,939 32,939
Exercise of stock options ......... 1,227,950 13 5,586 5,599
Cumulative effect of the adoption of
FIN 48 .................... (3,644) (3,644)
Common shares issued to Directors . . 15,441 328 328
Phantom shares issued to Directors . . . 192 192
Proceeds from disgorgement of
stockholder short-swing profits, net of
tax ...................... 2,875 2,875
December 31, 2007 .............. 321,862,083 $3,219 $ 2,469,213 $270,450 $170,507 $ 2,913,389
The accompanying notes are an integral part of these financial statements.
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