Hertz 2011 Annual Report Download - page 114

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(In Thousands of Dollars, except share data)
Accumulated
Additional Other Non-
Common Stock
Preferred Paid-In Accumulated Comprehensive controlling Total
Stock Shares Amount Capital Deficit Income (Loss) Interest Equity
Balance at:
December 31, 2008 ................. $— 322,987,299 $3,230 $2,503,819 $ (945,025) $(100,135) $ 17,664 $1,479,553
Net loss attributable to Hertz Global
Holdings, Inc. and Subsidiaries’ common
stockholders .................. (129,528) (129,528)
Change in fair value of derivatives qualifying as
cash flow hedges, net of tax of $(25,555) . . . 39,852 39,852
Translation adjustment changes, net of tax of
$3,100 ...................... 77,528 77,528
Unrealized holding losses on securities, net of
tax of $0 ..................... (20) (20)
Unrealized loss on Euro-denominated debt,
net of tax of $5,182 .............. (3,509) (3,509)
Defined benefit pension plans:
Amortization or settlement recognition of
net gain .................... 1,132 1,132
Net loss arising during the period ...... (31,864) (31,864)
Income tax related to defined pension plans . 13,685 13,685
Defined benefit pension plans, net ....... (17,047) (17,047)
Total Comprehensive Loss ............ (32,724)
Dividend payment to noncontrolling interest . . (15,050) (15,050)
Net income relating to noncontrolling interest . 14,679 14,679
Proceeds from sale of common stock ..... 85,001,182 850 527,908 528,758
Proceeds from sale of Convertible Senior
Notes, net of tax of $46,204 .......... 68,140 68,140
Employee stock purchase plan ......... 513,638 5 2,818 2,823
Net settlement on vesting of restricted stock . 402,593 4 (2,223) (2,219)
Stock-based employee compensation
charges, net of tax of $0 ........... 35,464 35,464
Exercise of stock options ............ 1,158,892 12 5,330 5,342
Common shares issued to Directors ...... 181,621 1 245 246
Phantom shares issued to Directors ...... 182 182
Proceeds from disgorgement of stockholder
short-swing profits, net of tax of $7 ..... 12 12
December 31, 2009 ................. — 410,245,225 4,102 3,141,695 (1,074,553) (3,331) 17,293 2,085,206
Net loss attributable to Hertz Global
Holdings, Inc. and Subsidiaries’ common
stockholders .................. (48,681) (48,681)
Unrealized loss on investment, net of tax of $0 . (19) (19)
Change in fair value of derivatives qualifying
as cash flow hedges, net of tax of $31,885 . 49,759 49,759
Translation adjustment changes, net of tax of
$6,938 ...................... (17,213) (17,213)
Unrealized holding gains on securities, net of
tax of $0 ..................... 31 31
Unrealized gain on Euro-denominated debt,
net of tax of $12,656 .............. 12,358 12,358
Defined benefit pension plans:
Amortization or settlement recognition of
net gain .................... 4,073 4,073
Net loss arising during the period ...... (8,629) (8,629)
Income tax related to defined pension plans . 794 794
Defined benefit pension plans, net ....... (3,762) (3,762)
Total Comprehensive Loss ............ (7,527)
Dividend payment to noncontrolling interest . . (18,200) (18,200)
Net income relating to noncontrolling interest . 17,409 17,409
Employee stock purchase plan ......... 344,542 4 3,770 3,774
Net settlement on vesting of restricted stock . 1,421,705 14 (7,850) (7,836)
Stock-based employee compensation
charges, net of tax of $0 ........... 36,560 36,560
Exercise of stock options, net of tax of $(258) 1,343,659 14 7,621 7,635
Common shares issued to Directors ...... 107,758 1 1,187 1,188
Phantom shares issued to Directors ...... 238 238
Proceeds from disgorgement of stockholder
short-swing profits, net of tax of $3 ..... 4 4
December 31, 2010 ................. $— 413,462,889 $4,135 $3,183,225 $(1,123,234) $ 37,823 $ 16,502 $2,118,451
The accompanying notes are an integral part of these financial statements.
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