XML 27 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Summary of contribution of reportable segments to revenues and adjusted pre-tax income (loss) and the reconciliation to consolidated amounts
The contribution of our reportable segments to revenues and adjusted pre-tax income (loss) and the reconciliation to consolidated amounts are summarized below (in millions of dollars).
 
Three Months Ended March 31,
 
Revenues
 
Adjusted Pre-Tax Income (Loss)
 
2013
 
2012
 
2013
 
2012
Car rental
$
2,084.8

 
$
1,658.2

 
$
208.4

 
$
91.6

Equipment rental
351.0

 
302.1

 
45.8

 
25.9

Total reportable segments
2,435.8

 
1,960.3

 
254.2

 
117.5

Other
0.7

 
0.6

 
 

 
 

Total
$
2,436.5

 
$
1,960.9

 
 

 
 

Adjustments:
 
 
 
 
 
 
 
Other reconciling items(1)
 

 
 

 
(109.7
)
 
(88.1
)
Purchase accounting(2)
 

 
 

 
(33.7
)
 
(24.1
)
Non-cash debt charges(3)
 

 
 

 
(17.3
)
 
(25.2
)
Restructuring charges
 

 
 

 
(3.7
)
 
(6.7
)
Restructuring related charges(4)
 

 
 

 
(4.2
)
 
(3.3
)
Integration expenses(5)
 

 
 

 
(10.8
)
 
—

Acquisition related costs
 

 
 

 
(2.6
)
 
(6.9
)
Income (loss) before income taxes
 

 
 

 
$
72.2

 
$
(36.8
)
_______________________________________________________________________________
(1)
Represents general corporate expenses, certain interest expense (including net interest on corporate debt), as well as other business activities.
(2)
Represents the purchase accounting effects of the Acquisition on our results of operations relating to increased depreciation and amortization of tangible and intangible assets and accretion of revalued workers' compensation and public liability and property damage liabilities. Also represents the purchase accounting effects of certain subsequent acquisitions on our results of operations relating to increased depreciation and amortization of tangible and intangible assets.
(3)
Represents non-cash debt charges relating to the amortization and write-off of deferred debt financing costs and debt discounts.
(4)
Represents incremental costs incurred directly supporting our business transformation initiatives. Such costs include transition costs incurred in connection with our business process outsourcing arrangements and incremental costs incurred to facilitate business process re-engineering initiatives that involve significant organization redesign and extensive operational process changes.
(5)
Primarily represents Dollar Thrifty related expenses and adjustments.