Hertz 2013 Annual Report Download - page 61

Table of Contents


The tables below set forth the revenue earning equipment and property and equipment capital expenditures and related disposal proceeds on
a cash basis consistent with our consolidated statements of cash flows, by quarter for 2013, 2012 and 2011 (in millions of dollars).

















First Quarter $3,249.8
$(2,237.9)
$1,011.9
$80.1
$(23.5)
$ 56.6
Second Quarter 3,559.3
(1,504.9)
2,054.4
88.0
(19.0)
69.0
Third Quarter 2,510.7
(1,926.4)
584.3
78.3
(19.8)
58.5
Fourth Quarter 978.6
(1,594.9)
(616.3)
67.4
(10.7)
56.7
Total Year $10,298.4
$(7,264.1)
$3,034.3
$313.8
$(73.0)
$240.8

First Quarter $2,642.5
$(2,009.3)
$ 633.2
$74.2
$(47.6)
$ 26.6
Second Quarter 3,051.1
(1,599.0)
1,452.1
63.0
(8.8)
54.2
Third Quarter 1,990.9
(1,230.6)
760.3
84.4
(30.4)
54.0
Fourth Quarter 1,928.3
(2,286.2)
(357.9)
75.5
(35.2)
40.3
Total Year $9,612.8
$(7,125.1)
$2,487.7
$ 297.1
$(122.0)
$175.1

First Quarter $1,963.8
$(1,690.2)
$273.6
$56.8
$(14.5)
$ 42.3
Second Quarter 3,487.7
(1,798.7)
1,689.0
68.6
(13.9)
54.7
Third Quarter 2,397.8
(1,443.5)
954.3
76.9
(19.7)
57.2
Fourth Quarter 1,582.6
(2,918.0)
(1,335.4)
79.4
(5.7)
73.7
Total Year $9,431.9
$(7,850.4)
$ 1,581.5
$ 281.7
$(53.8)
$ 227.9










Revenue earning equipment
expenditures
U.S. car rental $6,024.3
$5,067.6
$5,520.3
$ 956.7
18.9 %
$(452.7)
(8.2)%
International car rental 2,593.3
2,586.0
2,952.9
7.3
0.3 %
(366.9)
(12.4)%
Worldwide equipment rental 671.5
762.9
588.7
(91.4)
(12.0)%
174.2
29.6 %
All other operations segment 1,009.3
1,196.3
370.0
(187.0)
(15.6)%
826.3
223.3 %
Total $10,298.4
$9,612.8
$9,431.9
$685.6
7.1 %
$180.9
1.9 %
Year ended December 31, 2013 compared with year ended December 31, 2012
The increase in our U.S. car rental operations revenue earning equipment expenditures was primarily due to the impact from the acquisition
of Dollar Thrifty, increased volumes and timing of purchases and payments, partly offset by the impact of the divestiture of Advantage. The
increase in our international car rental operations revenue earning equipment expenditures was primarily due to increased volumes in our
international operations and timing of purchases and payments. The decreases in our worldwide equipment rental operations and in our all
other operations revenue earning equipment expenditures were primarily due to the timing of purchases.
Year ended December 31, 2012 compared with year ended December 31, 2011
The decreases in our U.S. and international car rental operations revenue earning equipment expenditures were primarily due to the shift
from the purchase of program cars to more non-program cars, which have much longer holding periods than program cars. The increase in
our worldwide equipment rental operations revenue earning equipment
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Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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