Hertz 2009 Annual Report Download - page 164

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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
December 31,
2009 2008
Total assets at end of year
Car rental .......................................................... $12,356.5 $12,161.1
Equipment rental ...................................................... 2,939.0 3,499.4
Other reconciling items .................................................. 706.9 790.9
Total ............................................................ $16,002.4 $16,451.4
Revenue earning equipment, net, at end of year
Car rental .......................................................... $7,019.3 $ 6,501.4
Equipment rental ...................................................... 1,832.3 2,190.1
Total ............................................................ $8,851.6 $ 8,691.5
Property and equipment, net, at end of year
Car rental .......................................................... $ 877.9 $ 902.3
Equipment rental ...................................................... 243.6 280.7
Other reconciling items .................................................. 66.6 71.6
Total ............................................................ $1,188.1 $ 1,254.6
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,
2009 2008 2007
Revenues
United States ................................................. $4,675.9 $ 5,506.1 $ 5,849.9
International .................................................. 2,425.6 3,019.0 2,835.7
Total ..................................................... $7,101.5 $ 8,525.1 $ 8,685.6
Depreciation of revenue earning equipment
United States ................................................. $1,334.0 $ 1,509.3 $ 1,460.8
International .................................................. 597.4 684.9 542.6
Total ..................................................... $1,931.4 $ 2,194.2 $ 2,003.4
Depreciation of property and equipment
United States ................................................. $ 122.0 $ 125.8 $ 130.8
International .................................................. 37.6 47.0 46.3
Total ..................................................... $ 159.6 $ 172.8 $ 177.1
Amortization of other intangible assets
United States ................................................. $ 45.8 $ 43.3 $ 43.1
International .................................................. 20.2 23.0 19.5
Total ..................................................... $ 66.0 $ 66.3 $ 62.6
Interest expense
United States ................................................. $ 568.5 $ 647.9 $ 739.4
International .................................................. 111.8 222.1 177.3
Total ..................................................... $ 680.3 $ 870.0 $ 916.7
Revenue earning equipment and property and equipment
United States
Expenditures ................................................ $5,217.8 $ 5,904.8 $ 7,322.2
Proceeds from disposals ......................................... (3,885.0) (4,815.1) (6,086.7)
Net expenditures ............................................ $1,332.8 $ 1,089.7 $ 1,235.5
International
Expenditures ................................................ $2,410.2 $ 4,440.0 $ 4,025.5
Proceeds from disposals ......................................... (2,163.6) (3,764.6) (3,320.9)
Net expenditures ............................................ $ 246.6 $ 675.4 $ 704.6
144