Hertz 2010 Annual Report Download - page 106
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands of Dollars, except share and per share data)
Years ended December 31,
2010 2009 2008
Revenues:
Car rental .................................. $6,355,205 $5,872,905 $ 6,730,349
Equipment rental ............................. 1,069,820 1,110,243 1,657,277
Other ..................................... 137,509 118,359 137,429
Total revenues ............................. 7,562,534 7,101,507 8,525,055
Expenses:
Direct operating .............................. 4,282,351 4,084,176 4,930,018
Depreciation of revenue earning equipment and lease
charges .................................. 1,868,147 1,931,358 2,194,164
Selling, general and administrative ................ 664,512 641,148 769,632
Interest expense ............................. 773,427 680,273 869,950
Interest and other income, net ................... (12,310) (64,439) (24,802)
Impairment charges ........................... — — 1,168,900
Total expenses ............................. 7,576,127 7,272,516 9,907,862
Loss before income taxes ........................ (13,593) (171,009) (1,382,807)
(Provision) benefit for taxes on income ............... (17,068) 59,666 196,847
Net loss ..................................... (30,661) (111,343) (1,185,960)
Less: Net income attributable to noncontrolling interest . . . (17,383) (14,679) (20,786)
Net loss attributable to Hertz Global Holdings, Inc. and
Subsidiaries’ common stockholders ............... $ (48,044) $ (126,022) $(1,206,746)
Weighted average shares outstanding (in thousands)
Basic ..................................... 411,941 371,456 322,701
Diluted .................................... 411,941 371,456 322,701
Loss per share attributable to Hertz Global Holdings, Inc.
and Subsidiaries’ common stockholders:
Basic ..................................... $ (0.12) $ (0.34) $ (3.74)
Diluted .................................... $ (0.12) $ (0.34) $ (3.74)
The accompanying notes are an integral part of these financial statements.
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