Hertz 2007 Annual Report Download - page 81

ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected consolidated financial information and other data for our business.
The selected consolidated statement of operations data for the years ended December 31, 2007 and
2006, the Successor period ended December 31, 2005, the Predecessor period ended December 20,
2005 and the selected consolidated balance sheet data as of December 31, 2007 and 2006 presented
below were derived from our consolidated financial statements and the related notes thereto included in
this Annual Report under the caption ‘‘Item 8—Financial Statements and Supplementary Data.’’
You should read the following information in conjunction with the section of this Annual Report entitled
‘‘Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and
our consolidated financial statements and related notes thereto included in this Annual Report under the
caption ‘‘Item 8—Financial Statements and Supplementary Data.
Successor Predecessor
For the Periods From
December 21, January 1,
Years ended Years ended
2005 to 2005 to
December 31, December 31,
(In millions of dollars, December 31, December 20,
except per share data) 2007 2006 2005 2005 2004 2003
Statement of Operations Data
Revenues:
Car rental ................. $6,800.7 $6,273.6 $129.4 $5,820.5 $5,430.8 $4,819.3
Equipment rental ............ 1,755.3 1,672.1 22.5 1,392.4 1,162.0 1,037.8
Other(a) ................... 129.6 112.7 2.6 101.8 83.2 76.6
Total revenues ............. 8,685.6 8,058.4 154.5 7,314.7 6,676.0 5,933.7
Expenses:
Direct operating ............. 4,644.1 4,476.0 103.0 4,086.3 3,734.4 3,316.1
Depreciation of revenue earning
equipment(b) .............. 2,003.4 1,757.2 43.8 1,555.9 1,463.3 1,523.4
Selling, general and administrative . 775.9 723.9 15.1 623.4 591.3 501.7
Interest, net of interest income(c) . . 875.4 900.7 25.8 474.2 384.4 355.0
Total expenses ............ 8,298.8 7,857.8 187.7 6,739.8 6,173.4 5,696.2
Income (loss) before income taxes
and minority interest .......... 386.8 200.6 (33.2) 574.9 502.6 237.5
(Provision) benefit for taxes on
income(d) .................. (102.6) (68.0) 12.2 (191.3) (133.9) (78.9)
Minority interest ............... (19.7) (16.7) (0.3) (12.3) (3.2) —
Net income (loss) ............. $ 264.5 $ 115.9 $ (21.3) $ 371.3 $ 365.5 $ 158.6
Weighted average shares outstanding
(in millions)(e)
Basic .................... 321.2 242.5 229.5 229.5 229.5 229.5
Diluted ................... 325.5 243.4 229.5 229.5 229.5 229.5
Earnings (loss) per share(e)
Basic .................... $ 0.82 $ 0.48 $ (0.09) $ 1.62 $ 1.59 $ 0.69
Diluted ................... $ 0.81 $ 0.48 $ (0.09) $ 1.62 $ 1.59 $ 0.69
Other Financial Data
Net non-fleet capital expenditures . . . $ 97.0 $ 150.0 $ 7.0 $ 258.1 $ 221.7 $ 169.6
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