Dollar Rent A Car 2007 Annual Report Download - page 53

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
YEAR ENDED DECEMBER 31, 2007, 2006 AND 2005
(
In Thousands Except Per Share Data
)
2007 2006 2005
REVENUES:
Vehicle rentals 1,676,349$ 1,538,673$ 1,380,172$
Other 84,442 122,004 127,382
Total revenues 1,760,791 1,660,677 1,507,554
COSTS AND EXPENSES:
Direct vehicle and operating 887,178 827,440 787,714
Vehicle depreciation and lease charges, net 477,853 380,005 294,757
Selling, general and administrative 234,234 259,474 236,055
Interest expense, net of interest income of
$24,250, $29,387 and $18,388 109,728 95,974 88,208
Total costs and expenses 1,708,993 1,562,893 1,406,734
(Increase) decrease in fair value of derivatives 38,990 9,363 (29,725)
INCOME BEFORE INCOME TAXES 12,808 88,421 130,545
INCOME TAX EXPENSE 11,593 36,729 54,190
NET INCOME 1,215$ 51,692$ 76,355$
BASIC EARNINGS PER SHARE 0.05$ 2.14$ 3.04$
DILUTED EARNINGS PER SHARE 0.05$ 2.04$ 2.89$
See notes to consolidated financial statements.
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