Thrifty Car Rental 2009 Annual Report Download - page 83

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17. SUPPLEMENTAL CASH FLOW DISCLOSURES
2009 2008 2007
(In Thousands)
SUPPLEMENTAL DISCLOSURES OF CASH
FLOW INFORMATION:
Cash paid for/(refund of):
Income taxes to (from) taxing authorities 22,350$ (8,486)$ 12,396$
Interest 96,569$ 114,753$ 128,779$
SUPPLEMENTAL DISCLOSURES OF INVESTING
AND FINANCING NONCASH ACTIVITIES:
Sales and incentives related to revenue-earning
vehicles included in receivables 33,704$ 158,952$ 121,846$
Purchases of property, equipment and software
included in accounts payable 2,914$ 924$ 4,632$
Year Ended December 31,
Restatement of Cash Flow Statement Presentation Related to Purchases and Sales of
Revenue-Earning Vehicles
The Company has restated its consolidated statement of cash flows for the years ended December
31, 2008 and 2007 to exclude the impact of sales of revenue-earning vehicles for which proceeds
had not yet been received, as well as changes in certain vehicle-related incentives due from
manufacturers, both of which were included in Receivables at the end of each period. The
Company has historically included changes in accounts receivable that arose from the sales of its
revenue-earning vehicles and for incentives due from manufacturers’ vehicle purchases in its cash
flows from operating activities. These amounts were directly offset by corresponding amounts
reported in proceeds from sales of revenue-earning vehicles and purchases of revenue-earning
vehicles in the investing section of the statement of cash flows.
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