Hertz 2011 Annual Report Download - page 157
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
contribution of our reportable segments for the years ended December 31, 2011, 2010 and 2009 is
summarized below (in millions of dollars).
Years ended December 31,
2011 2010 2009
Revenues
Car rental ................................................ $7,083.5 $ 6,486.2 $ 5,979.0
Equipment rental ............................................ 1,209.5 1,070.1 1,110.9
Other reconciling items ........................................ 5.4 6.2 11.6
Total .................................................. $8,298.4 $ 7,562.5 $ 7,101.5
Adjusted pre-tax income(a)
Car rental ................................................ $ 850.2 $ 641.9 $ 459.2
Equipment rental ............................................ $ 161.6 $ 78.0 $ 76.4
Depreciation of revenue earning equipment and lease charges
Car rental ................................................ $1,651.4 $ 1,594.6 $ 1,616.6
Equipment rental ............................................ 254.3 273.5 317.2
Total .................................................. $1,905.7 $ 1,868.1 $ 1,933.8
Depreciation of property and equipment
Car rental ................................................ $ 116.1 $ 112.3 $ 115.9
Equipment rental ............................................ 33.7 34.3 37.6
Other reconciling items ........................................ 8.2 7.4 6.1
Total .................................................. $ 158.0 $ 154.0 $ 159.6
Amortization of other intangible assets
Car rental ................................................ $ 32.7 $ 30.2 $ 32.5
Equipment rental ............................................ 35.8 33.4 32.8
Other reconciling items ........................................ 1.5 1.1 0.7
Total .................................................. $ 70.0 $ 64.7 $ 66.0
Interest expense
Car rental ................................................ $ 333.1 $ 401.3 $ 316.1
Equipment rental ............................................ 45.3 39.4 53.3
Other reconciling items ........................................ 321.3 332.7 310.9
Total .................................................. $ 699.7 $ 773.4 $ 680.3
Years ended December 31,
2011 2010 2009
Revenue earning equipment and property and equipment
Car rental
Expenditures ............................................. $9,109.9 $ 8,430.1 $ 7,533.1
Proceeds from disposals ..................................... (7,689.4) (7,432.7) (5,940.0)
Net expenditures ......................................... $1,420.5 $ 997.4 $ 1,593.1
Equipment rental
Expenditures ............................................. $ 617.5 $ 186.1 $ 94.4
Proceeds from disposals ..................................... (213.8) (124.3) (190.3)
Net expenditures (proceeds) .................................. $ 403.7 $ 61.8 $ (95.9)
Other reconciling items
Expenditures ............................................. $ 8.6 $ 3.9 $ 0.5
Proceeds from disposals ..................................... (1.0) (0.3) —
Net expenditures ......................................... $ 7.6 $ 3.6 $ 0.5
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