Thrifty Car Rental 2008 Annual Report Download - page 50

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2008, 2007 AND 2006
(
In Thousands Except Per Share Data
)
2008 2007 2006
REVENUES:
Vehicle rentals 1,616,153$ 1,676,349$ 1,538,673$
Other 81,840 84,442 122,004
Total revenues 1,697,993 1,760,791 1,660,677
COSTS AND EXPENSES:
Direct vehicle and operating 888,294 887,178 827,440
Vehicle depreciation and lease charges, net 539,406 477,853 380,005
Selling, general and administrative 213,734 230,515 259,474
Interest expense, net of interest income of
$13,239, $24,250 and $29,387 110,424 109,728 95,974
Goodwill and long-lived asset impairment 366,822 3,719 -
Total costs and expenses 2,118,680 1,708,993 1,562,893
(Increase) decrease in fair value of derivatives 36,114 38,990 9,363
INCOME
(
LOSS
)
BEFORE INCOME TAXES (456,801) 12,808 88,421
INCOME TAX EXPENSE
(
BENEFIT
)
(116,379) 11,593 36,729
NET INCOME
(
LOSS
)
(340,422)$ 1,215$ 51,692$
BASIC EARNINGS
(
LOSS
)
PER SHARE (15.93)$ 0.05$ 2.14$
DILUTED EARNINGS
(
LOSS
)
PER SHARE (15.93)$ 0.05$ 2.04$
See notes to consolidated financial statements.
48