Hertz 2008 Annual Report Download - page 187
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
We operate in the United States and in international countries. International operations are substantially
in Europe. The operations within major geographic areas are summarized below (in millions of dollars):
Years ended December 31,
2008 2007 2006
Revenues
United States .............................................. $5,506.1 $ 5,849.9 $ 5,631.2
International ............................................... 3,019.0 2,835.7 2,427.2
Total .................................................. $8,525.1 $ 8,685.6 $ 8,058.4
Depreciation of revenue earning equipment
United States .............................................. $1,509.3 $ 1,460.8 $ 1,333.2
International ............................................... 684.9 542.6 424.0
Total .................................................. $2,194.2 $ 2,003.4 $ 1,757.2
Depreciation of property and equipment
United States .............................................. $ 125.8 $ 130.8 $ 150.7
International ............................................... 47.0 46.3 46.5
Total .................................................. $ 172.8 $ 177.1 $ 197.2
Amortization of other intangible assets
United States .............................................. $ 43.3 $ 43.1 $ 43.1
International ............................................... 23.0 19.5 18.5
Total .................................................. $ 66.3 $ 62.6 $ 61.6
Interest expense, net of interest income
United States .............................................. $ 634.7 $ 715.7 $ 746.0
International ............................................... 210.5 159.7 154.7
Total .................................................. $ 845.2 $ 875.4 $ 900.7
Revenue earning equipment and property and equipment
United States
Expenditures ............................................. $5,844.8 $ 7,399.9 $ 8,037.8
Proceeds from disposals ..................................... (5,174.0) (5,988.1) (6,620.1)
Net expenditures ......................................... $ 670.8 $ 1,411.8 $ 1,417.7
International
Expenditures ............................................. $4,358.1 $ 4,138.2 $ 3,607.0
Proceeds from disposals ..................................... (3,712.5) (3,325.1) (3,008.8)
Net expenditures ......................................... $ 645.6 $ 813.1 $ 598.2
December 31,
2008 2007
Total assets at end of year
United States ..................................................... $10,921.6 $12,860.9
International ...................................................... 5,529.8 6,394.8
Total .......................................................... $16,451.4 $19,255.7
Revenue earning equipment, net, at end of year
United States ..................................................... $6,132.8 $ 7,113.0
International ...................................................... 2,558.7 3,194.9
Total .......................................................... $8,691.5 $10,307.9
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