Thrifty Car Rental 2008 Annual Report Download - page 51

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2008 AND 2007
(In Thousands Except Share and Per Share Data)
2008 2007
ASSETS
Cash and cash equivalents 229,636$ 101,025$
Restricted cash and investments 596,588 132,945
Receivables, net 261,565 238,127
Prepaid expenses and other assets 69,248 92,163
Revenue-earning vehicles, net 1,946,079 2,808,354
Property and equipment, net 104,442 122,303
Income taxes receivable 845 11,334
Intangible assets, net 29,778 103,777
Goodwill - 281,424
3,238,181$ 3,891,452$
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Accounts payable 48,898$ 80,537$
Accrued liabilities 242,369 198,042
Deferred income tax liability 133,643 267,412
Vehicle insurance reserves 110,310 110,034
Debt and other obligations 2,488,245 2,656,562
Total liabilities 3,023,465 3,312,587
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value: - -
Authorized 10,000,000 shares; none outstanding
Common stock, $.01 par value:
Authorized 50,000,000 shares;
28,039,658 and 27,903,258 issued, respectively, and
21,624,752 and 21,488,352 outstanding, respectively 280 278
Additional capital 803,304 799,449
Retained earnings (deficit) (331,911) 8,511
Accumulated other comprehensive loss (29,388) (1,804)
Treasury stock, at cost (6,414,906 shares) (227,569) (227,569)
Total stockholders' equity 214,716 578,865
3,238,181$ 3,891,452$
See notes to consolidated financial statements.
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