Hertz 2008 Annual Report Download - page 209

SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY BALANCE SHEETS
(In Thousands of Dollars)
December 31,
2008 2007
ASSETS
Cash and equivalents ..................................... $ 269 $ 510
Receivables ............................................. — 5
Accounts receivable from Hertz affiliate ......................... 14,755 8,482
Prepaid expenses and other assets ............................ 2 24
Deferred taxes on income .................................. 14,172 13,892
Investments in subsidiaries .................................. 1,441,678 2,891,072
Total assets ......................................... $1,470,876 $2,913,985
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable ........................................ $ 220 $ 49
Accrued liabilities ......................................... 31 270
Accrued taxes ........................................... 7 277
Total liabilities ........................................ 258 596
Stockholders’ equity:
Common stock, $0.01 par value, 2,000,000,000 shares authorized,
322,987,299 and 321,862,083 shares issued .................. 3,230 3,219
Additional paid-in capital .................................. 2,503,819 2,469,213
Retained earnings (deficit) ................................. (936,296) 270,450
Accumulated other comprehensive income (loss) ................ (100,135) 170,507
Total stockholders’ equity ................................ 1,470,618 2,913,389
Total liabilities and stockholders’ equity ...................... $1,470,876 $2,913,985
The accompanying notes are an integral part of these financial statements.
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