Thrifty Car Rental 2009 Annual Report Download - page 29

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ITEM 6. SELECTED FINANCIAL DATA
The selected consolidated financial data was derived from the audited consolidated financial statements
of the Company. The system-wide data and company-owned stores data were derived from Company
records.
2009 2008 2007 2006 2005
Statements of Operations:
(in thousands except per share amounts)
Revenues:
Vehicle rentals 1,472,918$ 1,616,153$ 1,676,349$ 1,538,673$ 1,380,172$
Other 73,331 81,840 84,442 122,004 127,382
Total revenues 1,546,249 1,697,993 1,760,791 1,660,677 1,507,554
Costs and expenses:
Direct vehicle and operating 768,456 888,294 887,178 827,440 787,714
Vehicle depreciation and lease
charges, net 426,092 539,406 477,853 380,005 294,757
Selling, general and
administrative 200,389 213,734 230,515 259,474 236,055
Interest expense, net 96,560 110,424 109,728 95,974 88,208
Goodwill and long-lived asset impairment 2,592 366,822 3,719 - -
Total costs and expenses 1,494,089 2,118,680 1,708,993 1,562,893 1,406,734
(Increase) decrease in fair value of derivatives (28,848) 36,114 38,990 9,363 (29,725)
Income (loss) before income taxes 81,008 (456,801) 12,808 88,421 130,545
Income tax expense (benefit) 35,986 (110,083) 11,593 36,729 54,190
Net income (loss) 45,022$ (346,718)$ 1,215$ 51,692$ 76,355$
Basic Earnings (Loss) Per Share 1.98$ (16.22)$ 0.05$ 2.14$ 3.04$
Diluted Earnings (Loss) Per Share 1.88$ (16.22)$ 0.05$ 2.04$ 2.89$
Balance Sheet Data:
(in thousands)
Cash and cash equivalents 400,404$ 229,636$ 101,025$ 191,981$ 274,299$
Cash and cash equivalents-required
minimum balance 100,000$ -$ -$ -$ -$
Restricted cash and investments 622,540$ 596,588$ 132,945$ 389,794$ 785,290$
Revenue-earning vehicles, net 1,228,637$ 1,946,079$ 2,808,354$ 2,623,719$ 2,202,890$
Total assets 2,645,937$ 3,238,181$ 3,891,452$ 4,011,498$ 3,986,784$
Total debt 1,727,810$ 2,488,245$ 2,656,562$ 2,744,284$ 2,724,952$
Stockholders' equity 393,914$ 208,420$ 578,865$ 647,700$ 690,428$
Note: Certain 2008 amounts have been restated. See Item 8 - Note 14 of Notes to Consolidated Financial Statements.
Year Ended December 31,
28