Thrifty Car Rental 2009 Annual Report Download - page 82

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Other
The Company is party to a data processing services agreement which requires annual payments
totaling approximately $21.5 million for 2010 and $20.9 million for 2011. The Company also has a
telecommunications contract which will require annual payments totaling $2.0 million for 2010 and
2011, and $1.1 million for 2012. Additionally, the Company has software and hardware
maintenance agreements which require annual payments totaling approximately $1.0 million for
2010.
In addition to the letters of credit described in Note 10, the Company had letters of credit totaling
$5.5 million and $8.5 million at December 31, 2009 and 2008, respectively, which are primarily used
to support its insurance programs and airport concession obligations in Canada. The Company may
also provide guarantees on behalf of franchisees to support compliance with airport concession
bids. Non-performance of the obligation by the franchisee would trigger the obligation of the
Company. At December 31, 2009, there were no such guarantees on behalf of franchisees.
At December 31, 2009, the Company had outstanding vehicle purchase commitments of
approximately $1.4 billion.
16. BUSINESS SEGMENTS
The Company’s corporate operating structure is based on a functional structure and combines the
management of operations and administrative functions for both the Dollar and Thrifty brands.
Consistent with this structure, management makes business and operating decisions on an overall
company basis.
Included in the consolidated financial statements are the following amounts relating to geographic
locations:
Year Ended December 31,
2009 2008 2007
(In Thousands)
Revenues:
United States 1,466,508$ 1,594,283$ 1,646,420$
Foreign countries 79,741 103,710 114,371
1,546,249$ 1,697,993$ 1,760,791$
Long-lived assets:
United States 94,606$ 103,260$ 115,654$
Foreign countries 1,592 1,182 6,649
96,198$ 104,442$ 122,303$
Revenues are attributed to geographic regions based on the location of the transaction. Long-lived
assets represent property and equipment.
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