Hertz 2012 Annual Report Download - page 76

ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected consolidated financial information and other data for our business.
The selected consolidated statement of operations data for the years ended December 31, 2012, 2011
and 2010, and the selected consolidated balance sheet data as of December 31, 2012 and 2011
presented below were derived from our consolidated financial statements and the related notes thereto
included in this Annual Report under the caption ‘‘Item 8—Financial Statements and Supplementary
Data.’’
You should read the following information in conjunction with the section of this Annual Report entitled
‘‘Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and
our consolidated financial statements and related notes thereto included in this Annual Report under the
caption ‘‘Item 8—Financial Statements and Supplementary Data.’’
Years ended December 31,
(In millions of dollars,
except per share data) 2012(a) 2011 2010 2009 2008
Statement of Operations Data
Revenues:
Car rental ......................... $7,456.1 $6,929.6 $6,355.2 $5,872.9 $ 6,730.4
Equipment rental .................... 1,383.2 1,208.8 1,069.8 1,110.2 1,657.3
Other(b) ........................... 181.5 160.0 137.5 118.4 137.4
Total revenues ..................... 9,020.8 8,298.4 7,562.5 7,101.5 8,525.1
Expenses:
Direct operating .................... 4,795.8 4,566.4 4,283.4 4,086.8 4,935.3
Depreciation of revenue earning
equipment and lease charges(c) ...... 2,148.2 1,905.7 1,868.1 1,933.8 2,196.9
Selling, general and administrative ....... 945.7 745.3 664.5 642.0 768.8
Interest expense .................... 649.9 699.7 773.4 680.3 870.0
Interest income ..................... (4.9) (5.5) (12.3) (16.0) (24.8)
Other (income) expense, net ........... 35.5 62.5 — (48.5) —
Impairment charges(d) ................————1,195.0
Total expenses ..................... 8,570.2 7,974.1 7,577.1 7,278.4 9,941.2
Income (loss) before income taxes ....... 450.6 324.3 (14.6) (176.9) (1,416.1)
(Provision) benefit for taxes on income(e) . . . (207.5) (128.5) (16.7) 62.1 248.3
Net income (loss) ................... 243.1 195.8 (31.3) (114.8) (1,167.8)
Noncontrolling interest ................ — (19.6) (17.4) (14.7) (20.8)
Net income (loss) attributable to Hertz
Global Holdings, Inc. and Subsidiaries’
common stockholders ............. $ 243.1 $ 176.2 $ (48.7) $ (129.5) $(1,188.6)
Weighted average shares outstanding (in
millions)
Basic ............................ 419.9 415.9 411.9 371.5 322.7
Diluted ........................... 448.2 444.8 411.9 371.5 322.7
Earnings (loss) per share
Basic ............................ $ 0.58 $ 0.42 $ (0.12) $ (0.35) $ (3.68)
Diluted ........................... $ 0.54 $ 0.40 $ (0.12) $ (0.35) $ (3.68)
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