Thrifty Car Rental 2009 Annual Report Download - page 51

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 2009, 2008 AND 2007
(
In Thousands Except Per Share Data
)
2009 2008 2007
REVENUES:
Vehicle rentals 1,472,918$ 1,616,153$ 1,676,349$
Other 73,331 81,840 84,442
Total revenues 1,546,249 1,697,993 1,760,791
COSTS AND EXPENSES:
Direct vehicle and operating 768,456 888,294 887,178
Vehicle depreciation and lease charges, net 426,092 539,406 477,853
Selling, general and administrative 200,389 213,734 230,515
Interest expense, net of interest income of
$6,218, $13,239 and $24,250 96,560 110,424 109,728
Goodwill and long-lived asset impairment 2,592 366,822 3,719
Total costs and expenses 1,494,089 2,118,680 1,708,993
(Increase) decrease in fair value of derivatives (28,848) 36,114 38,990
INCOME
(
LOSS
)
BEFORE INCOME TAXES 81,008 (456,801) 12,808
INCOME TAX EXPENSE
(
BENEFIT
)
35,986 (110,083) 11,593
NET INCOME
(
LOSS
)
45,022$ (346,718)$ 1,215$
BASIC EARNINGS
(
LOSS
)
PER SHARE 1.98$ (16.22)$ 0.05$
DILUTED EARNINGS
(
LOSS
)
PER SHARE 1.88$ (16.22)$ 0.05$
See notes to consolidated financial statements.
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