Thrifty Car Rental 2008 Annual Report Download - page 54

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2008, 2007 AND 2006
(In Thousands)
2008 2007 2006
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and other obligations:
Proceeds from vehicle debt and other obligations 9,874,526 3,650,743 6,619,828
Payments of vehicle debt and other obligations (9,972,227) (3,987,224) (6,600,505)
Proceeds from non-vehicle debt - 250,000 -
Payments of non-vehicle debt (70,625) (1,250) -
Payments of debt assumed through acquisition - (14,092) -
Issuance of common shares 33 1,669 7,479
Net settlement of employee withholding taxes on share-based awards (373) - -
Purchase of common stock for the treasury - (71,543) (111,308)
Financing issue costs (11,512) (10,260) (7,387)
Net cash used in financing activities (180,178) (181,957) (91,893)
CHANGE IN CASH AND CASH EQUIVALENTS 128,611 (90,956) (82,318)
CASH AND CASH EQUIVALENTS:
Beginning of year 101,025 191,981 274,299
End of year 229,636$ 101,025$ 191,981$
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for/(refund of):
Income taxes to (from) taxing authorities (8,486)$ 12,396$ 15,246$
Interest 114,753$ 128,779$ 118,886$
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES:
Purchases of property, equipment and software included
in accounts payable 924$ 4,632$ 2,752$
See notes to consolidated financial statements.
(Concluded)
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