Hertz 2009 Annual Report Download - page 184

SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY BALANCE SHEETS
(In Thousands of Dollars)
December 31,
2009 2008
ASSETS
Cash and cash equivalents ................................. $ 175 $ 269
Accounts receivable from Hertz affiliate ......................... 7,569 14,755
Taxes receivable ......................................... 17,450 —
Prepaid expenses and other assets ............................ 2 2
Deferred taxes on income .................................. — 14,172
Investments in subsidiaries .................................. 2,456,782 1,441,678
Deferred charges and other assets ............................ 10,133 —
Total assets ......................................... $2,492,111 $1,470,876
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable ........................................ $ 4,315 $ 220
Accrued liabilities ......................................... 2,067 31
Debt .................................................. 367,352 —
Accrued taxes ........................................... — 7
Deferred taxes on income .................................. 38,229 —
Total liabilities ........................................ 411,963 258
Stockholders’ equity:
Common Stock, $0.01 par value, 2,000,000,000 shares authorized,
410,245,225 and 322,987,299 shares issued and outstanding ...... 4,102 3,230
Additional paid-in capital .................................. 3,141,695 2,503,819
Accumulated deficit ..................................... (1,062,318) (936,296)
Accumulated other comprehensive loss ....................... (3,331) (100,135)
Total stockholders’ equity ................................ 2,080,148 1,470,618
Total liabilities and stockholders’ equity ...................... $2,492,111 $1,470,876
The accompanying notes are an integral part of these financial statements.
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