Hertz 2009 Annual Report Download - page 117
Download and view the complete annual report
Please find page 117 of the 2009 Hertz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
 |
 |
HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Continued)
(In Thousands of Dollars, except share data)
Retained Accumulated
Additional Earnings Other Non-
Number Common Preferred Paid-In (Accumulated Comprehensive controlling Total
of Shares Stock Stock Capital Deficit) Income (Loss) Interest Equity
December 31, 2008 ............ 322,987,299 $3,230 $ —$2,503,819 $ (936,296) $(100,135) $ 17,664 $ 1,488,282
Net loss attributable to Hertz Global
Holdings, Inc. and Subsidiaries’
common stockholders ........ (126,022) (126,022)
Change in fair value of derivatives
qualifying as cash flow hedges, net
of tax of $25,555 ............ 39,852 39,852
Translation adjustment changes .... 77,528 77,528
Unrealized holding gains on securities,
net of tax of $0 ............. (20) (20)
Unrealized gain on Euro-denominated
debt, net of tax of $5,182 ....... (3,509) (3,509)
Defined benefit pension plans:
Amortization or settlement
recognition of net loss ....... 1,132 1,132
Net loss arising during the period . . (31,864) (31,864)
Income tax related to defined
pension plans ............ 13,685 13,685
Defined benefit pension plans, net . . . (17,047) (17,047)
Total Comprehensive Loss ....... (29,218)
Dividend payment to noncontrolling
interest ................. (15,050) (15,050)
Net income relating to noncontrolling
interest ................. 14,679 14,679
Proceeds from sale of common stock . 85,001,182 850 527,908 528,758
Proceeds from debt offering, net of tax
of $46,204 ............... 68,140 68,140
Employee stock purchase plan ..... 513,638 5 2,818 2,823
Net settlement on vesting of restricted
stock .................. (2,219) (2,219)
Restricted stock grants ......... 402,593 4 (4) —
Stock-based employee compensation
charges, net of tax of $0 ....... 35,464 35,464
Exercise of stock options ........ 1,158,892 12 5,330 5,342
Common shares issued to Directors . . 181,621 1 245 246
Phantom shares issued to Directors . . 182 182
Proceeds from disgorgement of
stockholder short-swing profits, net
of tax of $7 ............... 12 12
December 31, 2009 ............ 410,245,225 $4,102 $ —— $3,141,695 $(1,062,318) $ (3,331) $ 17,293 $ 2,097,441
The accompanying notes are an integral part of these financial statements.
97