Hertz 2010 Annual Report Download - page 144

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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended December 31,
2010 2009 2008
Revenues
Car rental ................................................ $6,486.2 $ 5,979.0 $ 6,858.2
Equipment rental ............................................ 1,070.1 1,110.9 1,658.1
Other reconciling items ........................................ 6.2 11.6 8.8
Total .................................................. $7,562.5 $ 7,101.5 $ 8,525.1
Adjusted pre-tax income(a)
Car rental ................................................ $ 642.9 $ 465.3 $ 289.1
Equipment rental ............................................ $ 78.0 $ 76.4 $ 272.0
Depreciation of revenue earning equipment and lease charges
Car rental ................................................ $1,594.6 $ 1,614.2 $ 1,843.8
Equipment rental ............................................ 273.5 317.2 350.4
Total .................................................. $1,868.1 $ 1,931.4 $ 2,194.2
Depreciation of property and equipment
Car rental ................................................ $ 112.3 $ 115.9 $ 126.0
Equipment rental ............................................ 34.3 37.6 40.8
Other reconciling items ........................................ 7.4 6.1 6.0
Total .................................................. $ 154.0 $ 159.6 $ 172.8
Amortization of other intangible assets
Car rental ................................................ $ 30.2 $ 32.5 $ 33.9
Equipment rental ............................................ 33.4 32.8 32.4
Other reconciling items ........................................ 1.1 0.7 —
Total .................................................. $ 64.7 $ 66.0 $ 66.3
Interest expense
Car rental ................................................ $ 401.3 $ 316.1 $ 452.4
Equipment rental ............................................ 39.4 53.3 110.8
Other reconciling items ........................................ 332.7 310.9 306.8
Total .................................................. $ 773.4 $ 680.3 $ 870.0
Revenue earning equipment and property and equipment
Car rental
Expenditures ............................................. $8,430.1 $ 7,533.1 $ 9,978.5
Proceeds from disposals ..................................... (7,432.7) (5,940.0) (8,395.1)
Net expenditures ......................................... $ 997.4 $ 1,593.1 $ 1,583.4
Equipment rental
Expenditures ............................................. $ 186.1 $ 94.4 $ 356.7
Proceeds from disposals ..................................... (124.3) (190.3) (293.1)
Net expenditures (proceeds) .................................. $ 61.8 $ (95.9) $ 63.6
Other reconciling items
Expenditures ............................................. $ 3.9 $ 0.5 $ 9.6
Proceeds from disposals ..................................... (0.3) — —
Net expenditures ......................................... $ 3.6 $ 0.5 $ 9.6
120