Hertz 2013 Annual Report Download - page 5

Table of Contents
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•safety recalls by the manufacturers of our vehicles and equipment;
•a major disruption in our communication or centralized information networks;
•financial instability of the manufacturers of our vehicles and equipment;
•any impact on us from the actions of our franchisees, dealers and independent contractors;
•our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war,
terrorist acts, natural disasters and epidemic disease);
•shortages of fuel and increases or volatility in fuel costs;
•our ability to successfully integrate acquisitions and complete dispositions;
•our ability to maintain favorable brand recognition;
•costs and risks associated with litigation and investigations;
•risks related to our indebtedness, including our substantial amount of debt, our ability to incur substantially more debt
and increases in interest rates or in our borrowing margins;
•our ability to meet the financial and other covenants contained in our Senior Credit Facilities, our outstanding
unsecured Senior Notes and certain asset-backed and asset-based arrangements;
•changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates
and the assumptions underlying the estimates, which could have an effect on earnings;
•changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments,
agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax
rates;
•changes to our senior management team;
•the effect of tangible and intangible asset impairment charges;
•the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices;
•our exposure to fluctuations in foreign exchange rates; and
•other risks described from time to time in periodic and current reports that we file with the SEC.
You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only
as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise.
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Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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