Hertz 2008 Annual Report Download - page 186

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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
reportable segments for the years ended December 31, 2008, 2007 and 2006 are summarized below (in
millions of dollars).
Years ended December 31,
2008 2007 2006
Revenues
Car rental ................................................... $6,858.2 $ 6,920.6 $ 6,378.0
Equipment rental .............................................. 1,658.1 1,755.9 1,672.6
Other reconciling items .......................................... 8.8 9.1 7.8
Total .................................................... $8,525.1 $ 8,685.6 $ 8,058.4
Adjusted pre-tax income(a)
Car rental ................................................... $ 289.1 $ 605.0 $ 472.3
Equipment rental .............................................. $ 272.0 $ 373.8 $ 345.5
Depreciation of revenue earning equipment
Car rental ................................................... $1,843.8 $ 1,695.4 $ 1,479.6
Equipment rental .............................................. 350.4 308.0 277.6
Total .................................................... $2,194.2 $ 2,003.4 $ 1,757.2
Depreciation of property and equipment
Car rental ................................................... $ 126.0 $ 130.8 $ 150.8
Equipment rental .............................................. 40.8 40.4 40.5
Other reconciling items .......................................... 6.0 5.9 5.9
Total .................................................... $ 172.8 $ 177.1 $ 197.2
Amortization of other intangible assets
Car rental ................................................... $ 33.9 $ 30.4 $ 29.4
Equipment rental .............................................. 32.4 32.2 32.2
Total .................................................... $ 66.3 $ 62.6 $ 61.6
Interest expense, net of interest income
Car rental ................................................... $ 444.8 $ 436.8 $ 424.1
Equipment rental .............................................. 109.5 146.3 140.0
Other reconciling items .......................................... 290.9 292.3 336.6
Total .................................................... $ 845.2 $ 875.4 $ 900.7
Revenue earning equipment and property and equipment
Car rental
Expenditures ............................................... $9,876.3 $10,764.7 $10,712.1
Proceeds from disposals ........................................ (8,581.8) (9,073.2) (9,368.5)
Net expenditures ............................................ $1,294.5 $ 1,691.5 $ 1,343.6
Equipment rental
Expenditures ............................................... $ 317.7 $ 770.6 $ 929.6
Proceeds from disposals ........................................ (292.2) (230.5) (260.4)
Net expenditures ............................................ $ 25.5 $ 540.1 $ 669.2
Other reconciling items
Expenditures ............................................... $ 8.9 $ 2.8 $ 3.1
Proceeds from disposals ........................................ (12.5) (9.5) —
Net expenditures (proceeds) .................................... $ (3.6) $ (6.7) $ 3.1
December 31,
2008 2007
Total assets at end of year
Car rental .......................................................... $12,161.1 $13,247.3
Equipment rental ...................................................... 3,499.4 4,812.4
Other reconciling items .................................................. 790.9 1,196.0
Total ............................................................ $16,451.4 $19,255.7
Revenue earning equipment, net, at end of year
Car rental .......................................................... $6,501.4 $ 7,610.4
Equipment rental ...................................................... 2,190.1 2,697.5
Total ............................................................ $8,691.5 $10,307.9
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