Hertz 2013 Annual Report Download - page 34

Table of Contents
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case of (i) through (vi) above, as if they had occurred on January 1, 2011 for the pro forma financial information for the year ended December
31, 2011 and for the year ended December 31, 2012; and in each case (ii) through (vi) above, as if they had occurred on December 31, 2012
for the pro forma financial information as of December 31, 2012.
The pro forma financial information presented in this Annual Report reflects the acquisition method of accounting under accounting principles
generally accepted in the United States of America, and is subject to change and interpretation. Accordingly, the pro forma financial
information presented in this Annual Report has been presented for informational purposes only. The pro forma financial information is not
necessarily indicative of what the combined company's financial position or results of operations actually would have been had the applicable
transactions been completed as of the dates indicated. In addition, the pro forma financial information does not purport to project the future
financial position or operating results of the combined company.
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None.
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We operate car rental locations at or near airports and in central business districts and suburban areas of major cities in the United States,
including Puerto Rico and the U.S. Virgin Islands, Canada, France, Germany, Italy, the United Kingdom, Spain, the Netherlands, Belgium,
Luxembourg, the Czech Republic, Slovakia, Australia, New Zealand, China and Brazil, as well as retail used car sales locations in the
United States, France and Australia. We operate equipment rental locations in the United States, Canada, France, Spain and China. We also
operate headquarters, sales offices and service facilities in the foregoing countries in support of our car rental and equipment rental
operations, as well as small car rental sales offices and service facilities in a select number of other countries in Europe and Asia.
We own approximately 5% of the locations from which we operate our car and equipment rental businesses and in some cases own real
property that we lease to franchisees or other third parties. The remaining locations from which we operate our car and equipment rental
businesses are leased or operated under concessions from governmental authorities and private entities. Those leases and concession
agreements typically require the payment of minimum rents or minimum concession fees and often also require us to pay or reimburse
operating expenses; to pay additional rent, or concession fees above guaranteed minimums, based on a percentage of revenues or sales
arising at the relevant premises; or to do both. See Note 10 to our audited annual consolidated financial statements included elsewhere in this
Annual Report.
In addition to the above operational locations, we own three major facilities in the vicinity of Oklahoma City, Oklahoma at which reservations
for our car rental operations are processed, global information technology systems are serviced and major domestic and international
accounting functions are performed. We also have a long-term lease for a reservation and financial center near Dublin, Ireland, at which we
have centralized our European car rental reservation, customer relations, accounting and human resource functions. We lease a European
headquarters office in Uxbridge, England.
We currently maintain our executive headquarters in an owned facility in Park Ridge, New Jersey and Dollar Thrifty has its headquarters in
Tulsa, Oklahoma. In May 2013, we announced our intention to relocate our worldwide headquarters to a new facility to be constructed in
Estero, Florida. We have purchased the property on which the new worldwide headquarters will be constructed. In connection with our
commitment to relocate our worldwide headquarters, in June 2013, we entered into a two-year lease for temporary headquarters located in
Naples, Florida, which will house certain of our employees pending the construction of our new headquarters in Estero. Subsequently, we
entered into a short term lease for additional temporary office space in Bonita Springs, Florida.
Donlen's headquarters is in Northbrook, Illinois. Donlen also leases office space in Darien, Illinois and Buffalo Grove, Illinois for all of its
fleet management services, consultation call center staff and certain financial systems functions. Donlen has other sales offices located
throughout the United States.
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For information regarding legal proceedings, see Note 13 to the Notes to our audited annual consolidated financial statements included in this
Annual Report under the caption "Item 8—Financial Statements and Supplementary Data."
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Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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