Thrifty Car Rental 2010 Annual Report Download - page 57

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
Y
EAR ENDED DECEMBER 31, 2010, 2009 AND 2008
(In Thousands Except Per Share Data)
2010 2009 2008
REVENUES:
Vehicle rentals 1,473,023$ 1,472,918$ 1,616,153$
Other 64,137 73,331 81,840
Total revenues 1,537,160 1,546,249 1,697,993
COSTS AND EXPENSES:
Direct vehicle and operating 745,535 768,456 888,294
Vehicle depreciation and lease charges, net 299,200 426,092 539,406
Selling, general and administrative 209,341 200,389 213,734
Interest expense, net of interest income of
$1,584, $6,218 and $13,239 89,303 96,560 110,424
Goodwill and long-lived asset impairment 1,057 2,592 366,822
Total costs and expenses 1,344,436 1,494,089 2,118,680
(Increase) decrease in fair value of derivatives (28,694) (28,848) 36,114
INCOME (LOSS) BEFORE INCOME TAXES 221,418 81,008 (456,801)
INCOME TAX EXPENSE (BENEFIT) 90,202 35,986 (110,083)
NET INCOME (LOSS) 131,216$ 45,022$ (346,718)$
BASIC EARNINGS (LOSS) PER SHARE 4.58$ 1.98$ (16.22)$
DILUTED EARNINGS (LOSS) PER SHARE 4.34$ 1.88$ (16.22)$
See notes to consolidated financial statements.
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