Hertz 2011 Annual Report Download - page 211
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Non-GAAP Reconciliations (Continued)
(In millions)
Condensed Consolidated Statements of Operations (Continued)
(d) Represents non-cash debt charges relating to the amortization and write-off of deferred debt
financing costs and debt discounts. For the year ended December 31, 2010, also includes
$68.9 million associated with the amortization of amounts pertaining to the de-designation of our
interest rate swaps as effective hedging instruments. For the year ended December 31, 2007, also
includes $20.4 million associated with the ineffectiveness of our interest rate swaps.
(e) Represents premiums paid to redeem our 10.5% Senior Subordinated Notes and a portion of our
8.875% Senior Notes.
(f) Represents a provision for income taxes derived utilizing a normalized income tax rate (34% for
2011 and 2010 and 35% for 2007).