Hertz 2014 Annual Report Download - page 115

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Table of Contents











Cash flows from operating activities:
Net income (loss) $ 346
$ (44)
a, b, c, d, e,
f, g, i, j, m ,n,
o, p, q, r, s
$ 302
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Depreciation of revenue earning equipment, net 2,445
7
f, r, j
2,452
Depreciation and amortization, non-fleet assets 327
12
i, r
339
Amortization and write-off of deferred financing costs 56
—
56
Amortization and write-off of debt discount 13
(1)
12
Stock-based compensation charges 35
—
35
Loss on disposal of business 4
—
4
Loss on extinguishment of debt 35
—
35
Provision for receivables allowance 71
—
a, b, c, d, e,
g, j, r
71
Deferred taxes on income 241
(14)
r, s
227
Impairment charges and asset write-downs 40
—
40
Other (4)
(2)
r
(6)
Changes in assets and liabilities, net of effects of acquisition:
Receivables (60)
7
a, b, c, d, e,
g, j, r
(53)
Inventories, prepaid expenses and other assets (28)
(1)
n, r
(29)
Accounts payable 23
31
k, p, r
54
Accrued liabilities 25
4
o, q, r
29
Accrued taxes 24
2
s, j
26
Public liability and property damage (4)
3
r
(1)
Net cash provided by (used in) operating activities 3,589
4
3,593
Cash flows from investing activities:
Net change in restricted cash and cash equivalents (308)
(7)
k
(315)
Revenue earning equipment expenditures (10,298)
9
h
(10,289)
Proceeds from disposal of revenue earning equipment 7,264
(8)
h, f, r
7,256
Capital asset expenditures, non-fleet (315)
(12)
i, r, p
(327)
Proceeds from disposal of property and equipment 73
8
i
81
Acquisitions, net of cash acquired (41)
—
(41)
Equity method investment (213)
—
(213)
Other investing activities (1)
(1)
r
(2)
Net cash provided by (used in) investing activities (3,839)
(11)
(3,850)
103
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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