Hertz 2014 Annual Report Download - page 117

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Table of Contents











Cash flows from operating activities:
Net income (loss) $ 239
$ (55)
a, b, c, d, e, f,
g, i, m, o, q, r,
s
$ 184
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities:
Depreciation of revenue earning equipment, net 2,049
(1)
f, j, r
2,048
Depreciation and amortization, non-fleet assets 257
4
i, r
261
Amortization and write-off of deferred financing costs 54
—
54
Amortization and write-off of debt discount 29
—
29
Stock-based compensation charges 30
—
30
Loss on disposal of business 46
—
46
Provision for receivables allowance 52
6
a, b, c, d, e, g,
j, r
58
Deferred taxes on income 125
(23)
r, s
102
Other (12)
2
r
(10)
Changes in assets and liabilities, net of effects of acquisition:
Receivables (163)
38
a, b, c, d, e, g,
j, r
(125)
Inventories, prepaid expenses and other assets (27)
4
n, r
(23)
Accounts payable 34
18
k, r
52
Accrued liabilities (29)
10
o, r
(19)
Accrued taxes 29
1
r, s
30
Public liability and property damage (4)
—
(4)
Net cash provided by (used in) operating activities 2,709
4
2,713
Cash flows from investing activities:
Net change in restricted cash and cash equivalents (241)
4
k
(237)
Revenue earning equipment expenditures (9,613)
2
r
(9,611)
Proceeds from disposal of revenue earning equipment 7,125
(2)
h, r
7,123
Capital asset expenditures, non-fleet (297)
(1)
i, r
(298)
Proceeds from disposal of property and equipment 122
3
i
125
Acquisitions, net of cash acquired (1,905)
—
(1,905)
Proceeds from disposal of business 85
(1)
84
Other investing activities (2)
—
(2)
Net cash provided by (used in) investing activities (4,726)
5
(4,721)
105
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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