Hertz 2013 Annual Report Download - page 77
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Table of Contents
Cash flows from financing activities:
Proceeds from issuance of long-term debt $1,774.7
$2,237.3
$3,062.5
Payment of long-term debt (1,044.8)
(952.1)
(3,649.3)
Short-term borrowings:
Proceeds 596.4
438.4
460.9
Payments (1,017.5)
(1,280.1)
(1,194.1)
Proceeds under the revolving lines of credit 9,511.6
6,463.6
5,106.8
Payments under the revolving lines of credit (9,104.5)
(5,190.5)
(5,164.1)
Distributions to noncontrolling interest —
—
(23.1)
Purchase of noncontrolling interest —
(38.0)
—
Proceeds from employee stock purchase plan 5.1
4.3
3.6
Loan with Hertz Global Holdings, Inc. (79.8)
(13.2)
(1.0)
Payment of financing costs (54.3)
(49.4)
(91.5)
Dividends paid (481.8)
(25.0)
(22.9)
Net cash provided by (used in) financing activities 105.1
1,595.3
(1,512.2)
Effect of foreign exchange rate changes on cash and cash equivalents —
5.7
3.8
Net change in cash and cash equivalents during the period (122.3)
(385.7)
(1,442.8)
Cash and cash equivalents at beginning of period 545.5
931.2
2,374.0
Cash and cash equivalents at end of period $423.2
$545.5
$931.2
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest (net of amounts capitalized) $631.8
$535.1
$615.7
Income taxes 70.9
71.7
49.6
Supplemental disclosures of non-cash flow information:
Purchases of revenue earning equipment included in accounts payable and
accrued liabilities $289.1
$247.0
$153.6
Sales of revenue earning equipment included in receivables 357.3
618.6
620.7
Purchases of property and equipment included in accounts payable 55.6
35.0
53.3
Sales of property and equipment included in receivables 16.6
0.9
41.8
Consideration for acquisitions and divestitures 22.9
—
—
Conversion of Convertible Senior Notes included in debt, common stock and
additional paid-in capital 372.5
—
—
Capital leases included in revenue earning equipment, property and
equipment and debt 52.4
130.3
64.2
Purchase of noncontrolling interest included in accounts payable —
—
38.0
The accompanying notes are an integral part of these financial statements.
74
Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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