Hertz 2012 Annual Report Download - page 118
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands of Dollars, except share and per share data)
Years Ended December 31,
2012 2011 2010
Revenues:
Car rental ................................... $7,456,111 $6,929,584 $6,355,205
Equipment rental ............................. 1,383,196 1,208,811 1,069,820
Other ...................................... 181,500 159,985 137,509
Total revenues .............................. 9,020,807 8,298,380 7,562,534
Expenses:
Direct operating .............................. 4,795,788 4,566,378 4,283,394
Depreciation of revenue earning equipment and lease
charges .................................. 2,148,158 1,905,739 1,868,147
Selling, general and administrative ................. 945,784 745,278 664,512
Interest expense .............................. 649,892 699,718 773,427
Interest income ............................... (4,902) (5,551) (12,315)
Other (income) expense, net ..................... 35,542 62,548 5
Total expenses ............................. 8,570,262 7,974,110 7,577,170
Income (loss) before income taxes .................. 450,545 324,270 (14,636)
Provision for taxes on income ...................... (207,466) (128,540) (16,662)
Net income (loss) .............................. 243,079 195,730 (31,298)
Less: Net income attributable to noncontrolling interest . . . — (19,560) (17,383)
Net income (loss) attributable to Hertz Global
Holdings, Inc. and Subsidiaries’ common stockholders $ 243,079 $ 176,170 $ (48,681)
Weighted average shares outstanding (in thousands):
Basic ...................................... 419,944 415,882 411,941
Diluted ..................................... 448,209 444,778 411,941
Earnings (loss) per share attributable to Hertz Global
Holdings, Inc. and Subsidiaries’ common stockholders:
Basic ...................................... $ 0.58 $ 0.42 $ (0.12)
Diluted ..................................... $ 0.54 $ 0.40 $ (0.12)
The accompanying notes are an integral part of these financial statements.
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