Hertz 2014 Annual Report Download - page 204

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Table of Contents





 









Cash flows from operating activities:
Net income (loss) $ 139
$ (2)
$ 137
$ (20)
a, b, c, d, e,
f, g, i, j, m
,n, o, p, q, r,
s
$ 117
Adjustments to reconcile net income (loss) to net cash provided
by (used in) operating activities:
Depreciation of revenue earning equipment, net 1,195
(21)
1,174
12
f, r, j
1,186
Depreciation and amortization, non-fleet assets 163
—
163
4
i, r
167
Amortization and write-off of deferred financing costs 26
—
26
—
26
Amortization and write-off of debt discount 11
—
11
—
11
Stock-based compensation charges 20
(2)
18
—
18
Loss on extinguishment of debt —
—
—
—
—
Provision for receivables allowance 33
—
33
2
a, b, c, d, e,
g, j, r
35
Deferred taxes on income 94
(2)
92
(14)
r, s
78
Impairment charges and asset write-downs 2
—
2
—
2
Other (6)
1
(5)
1
r
(4)
Changes in assets and liabilities, net of effects of acquisition:
Receivables (239)
8
(231)
2
a, b, c, d, e,
g, j, r
(229)
Inventories, prepaid expenses and other assets (59)
24
(35)
(1)
n, r
(36)
Accounts payable 85
—
85
4
k, p, r
89
Accrued liabilities (6)
10
4
1
o, q, r
5
Accrued taxes 16
(27)
(11)
5
s, j
(6)
Public liability and property damage (15)
—
(15)
—
(15)
Net cash provided by (used in) operating activities 1,459
(11)
1,448
(4)
1,444
Cash flows from investing activities:
Net change in restricted cash and cash equivalents 175
(20)
155
(2)
k
153
Revenue earning equipment expenditures (6,826)
17
(6,809)
(3)
h
(6,812)
Proceeds from disposal of revenue earning equipment 3,743
—
3,743
(5)
h, f, r
3,738
Capital asset expenditures, non-fleet (168)
—
(168)
2
i, r, p
(166)
Proceeds from disposal of property and equipment 43
—
43
2
i
45
Acquisitions, net of cash acquired (16)
—
(16)
2
(14)
Equity method investment (213)
—
(213)
—
(213)
Other investing activities (2)
—
(2)
(2)
r
(4)
Net cash provided by (used in) investing activities (3,264)
(3)
(3,267)
(6)
(3,273)
192
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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