Hertz 2009 Annual Report Download - page 228
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(a) Represents the purchase accounting effects of the acquisition of all of Hertz’s common stock on December 21, 2005 and any
subsequent acquisitions on our results of operations relating to increased depreciation and amortization of tangible and
intangible assets and accretion of revalued workers’ compensation and public liability and property damage liabilities.
(b) 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.
(c) Amounts are included within direct operating and selling, general and administrative expense in our statement of operations.
(d) Amounts are included within selling, general and administrative expense in our statement of operations.
(e) Amount is included within interest and other income, net in our statement of operations.
(f) Represents non-cash impairment charges related to our goodwill, other intangible assets and property and equipment.
(g) Represents an unrealized loss on currency translation of Euro-denominated debt. On October 1, 2006, we designated this
Euro-denominated debt as an effective net investment hedge of our Euro-denominated net investment in our foreign
operations, as such we no longer incur unrealized exchange transaction gains or losses in our statement of operations.