Hertz 2012 Annual Report Download - page 186
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SCHEDULE I (Continued)
HERTZ GLOBAL HOLDINGS, INC.
PARENT COMPANY STATEMENTS OF OPERATIONS
(In Thousands of Dollars)
Years ended December 31,
2012 2011 2010
Revenues ......................................... $ — $ — $ —
Expenses:
Selling, general and administrative ....................... 204 161 70
Interest expense, net of interest income ................... 52,103 49,464 46,888
Total expenses ..................................... 52,307 49,625 46,958
Loss before income taxes ............................. (52,307) (49,625) (46,958)
Benefit for taxes on income ............................ 19,607 15,306 16,660
Equity in earnings (losses) of subsidiaries, net of tax .......... 275,779 210,489 (18,383)
Net income (loss) ................................... $243,079 $176,170 $(48,681)
The accompanying notes are an integral part of these financial statements.
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