Hertz 2014 Annual Report Download - page 202
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Table of Contents
Cash flows from operating activities:
Net income (loss) $ 18
$ (2)
$ 16
$ (10)
a, b, c, d,
e, f, g, i, j,
m ,n, o, p,
q, r, s
$ 6
Adjustments to reconcile net income (loss) to net cash
provided by (used in) operating activities:
Depreciation of revenue earning equipment, net 571
(6)
565
7
f, r, j
572
Depreciation and amortization, non-fleet assets 81
—
81
3
i, r
84
Amortization and write-off of deferred financing costs 12
—
12
—
12
Amortization and write-off of debt discount 5
—
5
—
5
Stock-based compensation charges 8
—
8
—
8
Loss on extinguishment of debt —
—
—
—
—
Provision for receivables allowance 20
—
20
1
a, b, c, d,
e, g, j, r
21
Deferred taxes on income 36
—
36
(6)
r, s
30
Impairment charges and asset write-downs 2
—
2
—
2
Other (4)
3
(1)
(1)
r
(2)
Changes in assets and liabilities, net of effects of acquisition:
Receivables (40)
8
(32)
(11)
a, b, c, d,
e, g, j, r
(43)
Inventories, prepaid expenses and other assets (42)
22
(20)
1
n, r
(19)
Accounts payable 38
—
38
8
k, p, r
46
Accrued liabilities 23
3
26
5
o, q, r
31
Accrued taxes 25
(24)
1
2
s, j
3
Public liability and property damage (10)
—
(10)
—
(10)
Net cash provided by (used in) operating activities 743
4
747
(1)
746
Cash flows from investing activities:
Net change in restricted cash and cash equivalents 143
(20)
123
5
k
128
Revenue earning equipment expenditures (3,253)
3
(3,250)
(4)
h
(3,254)
Proceeds from disposal of revenue earning equipment 2,238
—
2,238
(2)
h, f, r
2,236
Capital asset expenditures, non-fleet (80)
(1)
(81)
3
i, r, p
(78)
Proceeds from disposal of property and equipment 23
—
23
1
i
24
Acquisitions, net of cash acquired (3)
—
(3)
1
(2)
Other investing activities —
—
—
—
—
Net cash provided by (used in) investing activities (932)
(18)
(950)
4
(946)
190
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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