Hertz 2015 Annual Report Download - page 89
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Table of Contents
Cash flows from financing activities:
Proceeds from issuance of long-term debt 1,676
400
2,275
Repayments of long-term debt (1,293)
(1,183)
(1,045)
Short-term borrowings:
Proceeds 623
626
596
Payments (617)
(726)
(1,018)
Proceeds under the revolving lines of credit 7,097
5,864
9,012
Payments under the revolving lines of credit (7,393)
(5,081)
(9,104)
Purchase of treasury shares (605)
—
(555)
Payment of financing costs (29)
(63)
(54)
Other 1
4
20
Net cash provided by (used in) financing activities (540)
(159)
127
Effect of foreign exchange rate changes on cash and cash equivalents (31)
(31)
—
Net increase (decrease) in cash and cash equivalents during the period (4)
79
(130)
Cash and cash equivalents at beginning of period 490
411
541
Cash and cash equivalents at end of period $ 486
$ 490
$ 411
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest, net of amounts capitalized $ 572
$ 562
$ 651
Income taxes, net of refunds 34
64
71
Supplemental disclosures of non-cash information:
Purchases of revenue earning equipment included in accounts payable and accrued
liabilities $ 170
$ 198
$ 289
Sales of revenue earning equipment included in receivables 1,104
544
357
Purchases of property and other equipment included in accounts payable 33
69
56
Sales of property and other equipment included in receivables 16
4
17
Consideration for equity method investment —
130
23
Conversion of Convertible Senior Notes included in debt, common stock and
additional paid-in capital —
84
373
Revenue earning equipment and property and equipment acquired through capital
lease 11
22
52
The accompanying notes are an integral part of these financial statements.
81
℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.