Hertz 2013 Annual Report Download - page 155
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Table of Contents
Net cash provided by (used in) operating activities $181.2
$ 526.1
$ 3,820.3
$(916.1)
$3,611.5
Cash flows from investing activities:
Net change in restricted cash and cash equivalents (23.4)
(54.1)
(230.8)
—
(308.3)
Revenue earning equipment expenditures (149.5)
(886.0)
(9,262.9)
—
(10,298.4)
Proceeds from disposal of revenue earning equipment 136.4
350.4
6,777.3
—
7,264.1
Property and equipment expenditures (192.4)
(33.4)
(88.0)
—
(313.8)
Proceeds from disposal of property and equipment 42.4
5.6
25.0
—
73.0
Capital contributions to subsidiaries (937.9)
—
—
937.9
—
Return of capital from subsidiaries 1,133.9
183.4
—
(1,317.3)
—
Loan to Parent From Guarantor/Non-Guarantor —
(57.0)
(196.1)
253.1
—
Acquisitions, net of cash acquired —
(15.1)
(238.9)
—
(254.0)
Other investing activities —
—
(1.5)
—
(1.5)
Net cash provided by (used in) investing activities 9.5
(506.2)
(3,215.9)
(126.3)
(3,838.9)
Cash flows from financing activities:
Proceeds from issuance of long-term debt 250.0
—
1,524.7
—
1,774.7
Payment of long-term debt (33.8)
—
(1,011.0)
—
(1,044.8)
Short-term borrowings:
Proceeds —
—
596.4
—
596.4
Payments —
—
(1,017.5)
—
(1,017.5)
Proceeds under the revolving lines of credit 2,280.0
2.5
7,229.1
—
9,511.6
Payments under the revolving lines of credit (2,323.0)
(13.5)
(6,768.0)
—
(9,104.5)
Capital contributions received from parent —
—
937.9
(937.9)
—
Loan to Parent From Non-Guarantor 253.1
—
—
(253.1)
—
Payment of dividends and return of capital (481.8)
—
(2,233.4)
2,233.4
(481.8)
Proceeds from employee stock purchase plan 5.1
—
—
—
5.1
Loan with Hertz Global Holdings, Inc. (79.8)
—
—
—
(79.8)
Payment of financing costs (9.0)
(10.3)
(35.0)
—
(54.3)
Net cash provided by (used in) financing activities (139.2)
(21.3)
(776.8)
1,042.4
105.1
Effect of foreign exchange rate changes on cash and cash
equivalents —
—
—
—
—
Net change in cash and cash equivalents during the
period 51.5
(1.4)
(172.4)
—
(122.3)
Cash and cash equivalents at beginning of period 24.6
6.5
514.4
—
545.5
Cash and cash equivalents at end of period $76.1
$ 5.1
$ 342.0
$—
$ 423.2
151
Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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