Hertz 2011 Annual Report Download - page 175
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SCHEDULE I (Continued)
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY STATEMENTS OF OPERATIONS
(In Thousands of Dollars)
Years ended December 31,
2011 2010 2009
Revenues ........................................ $ — $ — $ —
Expenses:
Selling, general and administrative .................... 161 70 144
Interest expense, net of interest income ................. 49,464 46,888 26,610
Total expenses ................................. 49,625 46,958 26,754
Other income ..................................... 22,950 23,000 —
Loss before income taxes ............................ (26,675) (23,958) (26,754)
(Provision) benefit for taxes on income ................... 15,306 16,660 11,267
Equity in losses of subsidiaries, net of tax ................. 210,489 (18,382) (114,041)
Net income (loss) .................................. $199,120 $(25,680) $(129,528)
The accompanying notes are an integral part of these financial statements.
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