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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
TABLE OF CONTENTS
Page
INTRODUCTORY NOTE .................................................. 1
PART I
ITEM 1. BUSINESS ............................................ 3
ITEM 1A. RISK FACTORS ......................................... 25
ITEM 1B. UNRESOLVED STAFF COMMENTS ........................... 36
ITEM 2. PROPERTIES ........................................... 36
ITEM 3. LEGAL PROCEEDINGS ................................... 37
ITEM 4. (REMOVED AND RESERVED) ............................... 39
EXECUTIVE OFFICERS OF THE REGISTRANT ............................. 40
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES .......................................... 43
ITEM 6. SELECTED FINANCIAL DATA ............................... 45
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS ................. 47
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK ............................................... 79
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ........... 80
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM ............................................... 80
CONSOLIDATED BALANCE SHEETS .......................... 81
CONSOLIDATED STATEMENTS OF OPERATIONS ................ 82
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY .......... 83
CONSOLIDATED STATEMENTS OF CASH FLOWS ................ 85
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ............ 86
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE ................. 144
ITEM 9A. CONTROLS AND PROCEDURES ............................ 144
ITEM 9B. OTHER INFORMATION .................................... 144
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE
GOVERNANCE ........................................ 145
ITEM 11. EXECUTIVE COMPENSATION ............................... 145
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS ........ 145
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE .............................. 145
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES ................. 145
PART IV
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES ................ 146
SIGNATURES ......................................................... 147
EXHIBIT INDEX ........................................................ 149