Hertz 2013 Annual Report Download - page 157
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Table of Contents
Net cash provided by (used in) operating activities $999.9
$773.2
$1,016.4
$(553.4)
$2,236.1
Cash flows from investing activities:
Net change in restricted cash and cash equivalents (28.6)
(2.7)
(70.4)
—
(101.7)
Revenue earning equipment expenditures (141.4)
(670.1)
(8,620.4)
—
(9,431.9)
Proceeds from disposal of revenue earning equipment 163.3
170.5
7,516.6
—
7,850.4
Property and equipment expenditures (189.5)
(29.7)
(62.5)
—
(281.7)
Proceeds from disposal of property and equipment 24.0
9.3
20.5
—
53.8
Capital contributions to subsidiaries (3,549.1)
—
—
3,549.1
—
Return of capital from subsidiaries 2,590.0
—
—
(2,590.0)
—
Loan to Parent from Non-Guarantor —
—
(490.3)
490.3
—
Acquisitions, net of cash acquired (214.4)
(2.1)
(10.6)
—
(227.1)
Purchase of short-term investments, net (32.9)
—
—
—
(32.9)
Other investing activities —
(13.6)
14.2
—
0.6
Net cash provided by (used in) investing activities (1,378.6)
(538.4)
(1,702.9)
1,449.4
(2,170.5)
Cash flows from financing activities:
Proceeds from issuance of long-term debt 2,455.3
—
607.2
—
3,062.5
Payment of long-term debt (3,596.3)
—
(53.0)
—
(3,649.3)
Short-term borrowings:
—
Proceeds —
—
460.9
—
460.9
Payments (29.2)
—
(1,164.9)
—
(1,194.1)
Proceeds under the revolving lines of credit 1,102.7
1.4
4,002.7
—
5,106.8
Payments under the revolving lines of credit (1,131.9)
(231.2)
(3,801.0)
—
(5,164.1)
Distributions to noncontrolling interest —
—
(23.1)
—
(23.1)
Capital contributions received from parent —
—
3,549.1
(3,549.1)
—
Payment of dividends and return of capital (22.9)
—
(3,143.4)
3,143.4
(22.9)
Proceeds from employee stock purchase plan 3.6
—
—
—
3.6
Loan from Hertz Global Holdings, Inc. (1.0)
—
—
—
(1.0)
Loan to Parent from Non-Guarantor 490.3
—
—
(490.3)
—
Payment of financing costs (81.2)
(2.8)
(7.5)
—
(91.5)
Net cash provided by (used in) financing activities (810.6)
(232.6)
427.0
(896.0)
(1,512.2)
Effect of foreign exchange rate changes on cash and
cash equivalents —
—
3.8
—
3.8
Net change in cash and cash equivalents during the
period (1,189.3)
2.2
(255.7)
—
(1,442.8)
Cash and cash equivalents at beginning of period 1,754.4
5.2
614.4
—
2,374.0
Cash and cash equivalents at end of period $ 565.1
$7.4
$ 358.7
$—
$931.2
153
Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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