Hertz 2009 Annual Report Download - page 226
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(c) Represents an increase in depreciation of property and equipment relating to purchase accounting. For the years ended
December 31, 2009, 2008 and 2007, also includes restructuring and restructuring related charges of $53.7 million,
$56.6 million and $55.2 million, respectively. For the year ended December 31, 2009, also includes interest rate cap losses of
$2.6 million. For the year ended December 31, 2008, also includes interest rate swaption gain of $2.2 million. For the year
ended December 31, 2007, also includes a vacation accrual adjustment of $6.5 million. For all periods presented, also
includes other adjustments which are detailed in the Adjusted Pre-Tax Income (Loss) and Adjusted Net Income (Loss)
reconciliation.
(d) Represents non-cash debt charges relating to the amortization of deferred debt financing costs and debt discounts. For the
year ended December 31, 2009, also includes $74.6 million associated with the amortization of amounts pertaining to the
de-designation of our interest rate swaps as effective hedging instruments. For the years ended December 31, 2008 and
2007, also includes $11.8 million and $20.4 million, respectively, associated with the ineffectiveness of our interest rate
swaps. For the year ended December 31, 2008, also includes $30.0 million related to the write-off of deferred financing costs
associated with those countries outside the United States as to which take-out asset-based facilities were not entered into.
For the year ended December 31, 2007, also includes the write-off of $16.2 million of unamortized debt costs associated with
a debt modification. For the year ended December 31, 2006, also includes interest of the $1.0 billion HGH loan facility of
$39.9 million and $1.0 million associated with the reversal of the ineffectiveness of our interest rate swaps.
(e) Represents a gain (net of transaction costs) recorded in connection with the buyback of portions of our Senior Notes and
Senior Subordinated Notes during the year ended December 31, 2009.
(f) Represents a provision for income taxes derived utilizing a normalized income tax rate (34% for 2009 and 2008 and 35% for
2007 and 2006).
(g) Represents non-cash impairment charges related to our goodwill, other intangible assets and property and equipment.