Hertz 2012 Annual Report Download - page 117

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands of Dollars)
December 31, December 31,
2012 2011
ASSETS
Cash and cash equivalents ................................ $ 533,255 $ 931,779
Restricted cash and cash equivalents ........................ 571,634 308,039
Receivables, less allowance for doubtful accounts of $25,113 and
$20,282 ............................................ 1,886,596 1,616,382
Inventories, at lower of cost or market ........................ 105,728 83,978
Prepaid expenses and other assets .......................... 470,120 421,758
Revenue earning equipment, at cost:
Cars .............................................. 12,591,132 9,678,765
Less accumulated depreciation .......................... (1,881,030) (1,360,012)
Other equipment ...................................... 3,240,095 2,830,176
Less accumulated depreciation .......................... (1,041,861) (1,043,520)
Total revenue earning equipment ....................... 12,908,336 10,105,409
Property and equipment, at cost:
Land, buildings and leasehold improvements ................. 1,288,833 1,146,112
Service equipment and other ............................. 1,261,049 1,050,915
2,549,882 2,197,027
Less accumulated depreciation .......................... (1,113,496) (945,173)
Total property and equipment ......................... 1,436,386 1,251,854
Other intangible assets, net ............................... 4,032,111 2,562,234
Goodwill ............................................. 1,341,872 392,094
Total assets ...................................... $23,286,038 $17,673,527
LIABILITIES AND EQUITY
Accounts payable ...................................... $ 999,061 $ 897,489
Accrued salaries and other compensation ..................... 440,936 426,696
Other accrued liabilities .................................. 739,602 701,762
Accrued taxes ......................................... 118,610 125,803
Debt ................................................ 15,448,624 11,317,090
Public liability and property damage ......................... 332,232 281,534
Deferred taxes on income ................................. 2,699,668 1,688,478
Total liabilities ..................................... 20,778,733 15,438,852
Commitments and contingencies
Equity:
Hertz Global Holdings, Inc. and Subsidiaries stockholders’ equity
Preferred Stock, $0.01 par value, 200,000,000 shares authorized, no
shares issued and outstanding .......................... — —
Common Stock, $0.01 par value, 2,000,000,000 shares authorized,
421,485,862 and 417,022,853 shares issued and outstanding .... 4,215 4,170
Additional paid-in capital ................................ 3,233,948 3,205,964
Accumulated deficit .................................... (703,985) (947,064)
Accumulated other comprehensive loss ..................... (26,892) (28,414)
Total Hertz Global Holdings, Inc. and Subsidiaries stockholders’
equity ......................................... 2,507,286 2,234,656
Noncontrolling interest ................................... 19 19
Total equity ...................................... 2,507,305 2,234,675
Total liabilities and equity ............................ $23,286,038 $17,673,527
The accompanying notes are an integral part of these financial statements.
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