Thrifty Car Rental 2011 Annual Report Download - page 59

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2011, 2010 AND 2009
(In Thousands)
2011 2010 2009
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and other obligations:
Proceeds from vehicle debt and other obligations 1,537,903 526,876 44,781
Payments of vehicle debt and other obligations (1,387,073) (847,448) (785,225)
Payments of non-vehicle debt (148,125) (10,000) (20,000)
Issuance of common shares 4,774 2,988 129,583
Common stock offering costs - - (6,635)
Net settlement of employee withholding taxes on share-based awards (3,205) (722) -
Early termination of interest rate swap (8,815) - -
Forward stock repurchase agreement (100,000) - -
Financing issue costs (14,757) (11,792) (6,615)
Net cash used in financing activities (119,298) (340,098) (644,111)
CHANGE IN CASH AND CASH EQUIVALENTS 45,495 62,749 170,768
CASH AND CASH EQUIVALENTS:
Beginning of year 463,153 400,404 229,636
End of year 508,648$ 463,153$ 400,404$
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for (refund of):
Interest 66,559$ 82,923$ 96,569$
Income taxes to (from) taxing authorities (31,965)$ 74,745$ 22,350$
SUPPLEMENTAL DISCLOSURES OF INVESTING AND FINANCING
NONCASH ACTIVITIES:
Sales and incentives related to revenue-earning vehicles
included in receivables 23,611$ 5,340$ 33,704$
Purchases of revenue-earning vehicles included in
accounts payable 5,707$ 1,261$ 370$
Purchases of property, equipment and software included
in accounts payable 2,309$ 671$ 2,914$
See notes to consolidated financial statements.
(Concluded)