Hertz 2014 Annual Report Download - page 103

Table of Contents
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
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
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Cash flows from financing activities
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

Proceeds from issuance of long-term debt 400

2,275

2,237
Repayments of long-term debt (1,183)

(1,045)

(952)
Short-term borrowings:



Proceeds 626

596

438
Payments (726)

(1,018)

(1,280)
Proceeds under the revolving lines of credit 5,864

9,012

6,464
Payments under the revolving lines of credit (5,081)

(9,104)

(5,190)
Purchase of noncontrolling interest —

—

(38)
Purchase of treasury shares —

(555)

—
Payment of financing costs (63)

(54)

(49)
Other 4

20

(6)
Net cash provided by (used in) financing activities (159)

127

1,624
Effect of foreign exchange rate changes on cash and cash equivalents (31)

—

6
Net change in cash and cash equivalents during the period 79

(130)

(378)
Cash and cash equivalents at beginning of period 411

541

919
Cash and cash equivalents at end of period $ 490

$ 411

$ 541
Supplemental disclosures of cash flow information:


Cash paid during the period for:


Interest (net of amounts capitalized) $ 562

$ 651

$ 560
Income taxes, net of refunds 64

71

72
Supplemental disclosures of non-cash flow information:


Purchases of revenue earning equipment included in accounts payable and
accrued liabilities $ 198

$ 289

$ 250
Sales of revenue earning equipment included in receivables 544

357

617
Purchases of property and equipment included in accounts payable 69

56

51
Sales of property and equipment included in receivables 4

17

17
Consideration for investment in equity method investee
130

23

—
Conversion of Convertible Senior Notes included in debt, common stock and
additional paid-in capital 84

373

—
Revenue earning equipment and property and equipment acquired through
capital lease 22

52

130
The accompanying notes are an integral part of these financial statements.
91
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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