Hertz 2014 Annual Report Download - page 67
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Table of Contents
(In millions)
Worldwide equipment rental segment revenues $ 1,571
$ 1,539
$ 1,382
Worldwide equipment sales and other revenue (115)
(132)
(123)
Rental and rental related revenue at actual rates 1,456
1,407
1,259
Foreign currency adjustment 12
(7)
(10)
Rental and rental related revenue $ 1,468
$ 1,400
$ 1,249
(j) Same-store revenue growth is calculated as the year over year change in revenue for locations that are open at the end of the period reported and have been
operating under our direction for more than twelve months. The same-store revenue amounts are adjusted in all periods to eliminate the effect of fluctuations in foreign
currency. Our management believes eliminating the effect of fluctuations in foreign currency is appropriate so as not to affect the comparability of underlying trends.
56
Source: HERTZ GLOBAL HOLDINGS INC, 10-K, July 16, 2015 Powered by Morningstar® Document Research℠
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