Hertz 2012 Annual Report Download - page 169
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended December 31,
2012 2011 2010
Revenue earning equipment and property and equipment
Car rental
Expenditures ............................................. $9,118.3 $ 9,109.9 $ 8,430.1
Proceeds from disposals ..................................... (7,054.4) (7,689.4) (7,432.7)
Net expenditures ......................................... $2,063.9 $ 1,420.5 $ 997.4
Equipment rental
Expenditures ............................................. $ 787.6 $ 617.5 $ 186.1
Proceeds from disposals ..................................... (192.3) (213.8) (124.3)
Net expenditures (proceeds) .................................. $ 595.3 $ 403.7 $ 61.8
Other reconciling items
Expenditures ............................................. $ 20.1 $ 8.6 $ 3.9
Proceeds from disposals ..................................... (16.1) (1.0) (0.3)
Net expenditures ......................................... $ 4.0 $ 7.6 $ 3.6
As of December 31,
2012 2011
Total assets at end of year
Car rental ........................................................ $18,454.2 $13,037.9
Equipment rental ................................................... 3,623.0 3,058.9
Other reconciling items ............................................... 1,208.8 1,576.7
Total .......................................................... $23,286.0 $17,673.5
Revenue earning equipment, net, at end of year
Car rental ........................................................ $10,710.1 $ 8,318.7
Equipment rental ................................................... 2,198.2 1,786.7
Total .......................................................... $12,908.3 $10,105.4
Property and equipment, net, at end of year
Car rental ........................................................ $ 1,111.3 $ 971.3
Equipment rental ................................................... 235.9 203.7
Other reconciling items ............................................... 89.2 76.9
Total .......................................................... $1,436.4 $ 1,251.9
We operate in the United States and in international countries. International operations are substantially
in Europe. The operations within major geographic areas are summarized below (in millions of dollars):
Years ended December 31,
2012 2011 2010
Revenues
United States ............................................... $6,313.4 $5,413.3 $4,993.7
International ................................................ 2,707.4 2,885.1 2,568.8
Total .................................................... $9,020.8 $8,298.4 $7,562.5
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