Thrifty Car Rental 2010 Annual Report Download - page 61

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DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2010, 2009 AND 2008
(In Thousands)
2010 2009 2008
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt and other obligations:
Proceeds from vehicle debt and other obligations 526,876 44,781 9,874,526
Payments of vehicle debt and other obligations (847,448) (785,225) (9,972,227)
Payments of non-vehicle debt (10,000) (20,000) (70,625)
Issuance of common shares 2,988 129,583 33
Common stock offering costs - (6,635) -
Net settlement of employee withholding taxes on share-based awards (722) - (373)
Financing issue costs (11,792) (6,615) (11,512)
Net cash used in financing activities (340,098) (644,111) (180,178)
CHANGE IN CASH AND CASH EQUIVALENTS 62,749 170,768 128,611
CASH AND CASH EQUIVALENTS:
Beginning of year 400,404 229,636 101,025
End of year 463,153$ 400,404$ 229,636$
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for/(refund of):
Interest 82,923$ 96,569$ 114,753$
Income taxes to (from) taxing authorities 74,745$ 22,350$ (8,486)$
SUPPLEMENTAL DISCLOSURES OF INVESTING AND FINANCING
NONCASH ACTIVITIES:
Sales and incentives related to revenue-earning vehicles
included in receivables 5,340$ 33,704$ 158,952$
Purchases of revenue-earning vehicles included in
accounts payable 1,261$ 370$ -$
Purchases of property, equipment and software included
in accounts payable 671$ 2,914$ 924$
See notes to consolidated financial statements.
(Concluded)
60